Reports

The State’s cash position continues to improve, as illustrated by the $10.7 billion balance in the General Fund through the middle of State Fiscal Year (SFY) 2015-16.

Between 1990 and 2014, the Hispanic and Latino population in New York State grew by 66 percent, reaching nearly 3.7 million (19 percent of the population). Nearly half of Hispanic New Yorkers (including Latinos) were born in New York State, and more than three-quarters are United States citizens by birth or naturalization.

The State Health Innovation Plan, New York’s roadmap for achieving the “Triple Aim” of better care, better population health and lower health care costs, describes the prevalence of diabetes as “arguably our biggest looming health challenge.”

The Comprehensive Annual Financial Report for the New York State and Local Retirement System (the System or NYSLRS) for the fiscal year ended March 31, 2015.

After closing deep projected budget gaps just a few years ago, New York State has continued to improve its short-term financial condition. The State's General Fund ended SFY 2014-15 with its highest closing fund balance in at least two decades, thanks in large part to an extraordinary inflow of one-time resources from financial settlements.

The Comprehensive Annual Financial Report for the State of New York for the fiscal year ended March 31, 2015.

Six years after the end of the Great Recession, economic growth continues across the United States and in New York. The State has enjoyed four consecutive calendar years of comparatively steady job gains after suffering a recessionary decline in 2009 and only slight growth in 2010.

Long Island utility customers have long paid some of the highest electricity prices in the country. Residents and businesses in the region have raised concerns about such costs, as well as management practices of the Long Island Power Authority (LIPA).

The New York State Minority- and Women-Owned Business Enterprise (MWBE) Asset Management and Financial Institution Strategy (Chapter 171, Laws of 2010) was enacted to codify and replicate best practices for providing MWBEs (or firms) that are asset managers, investment banks and financial and professional service firms with the opportunity to offer services to fiduciary-controlled entities established by New York State law.

Although the overall results have improved, State agencies continue to have difficulty meeting the established time frames. In 2014, State agencies reported that 77 percent of grant contracts with NFPs were not approved by the start or renewal date. This compares with 87 percent as reported in 2013.

In the 2014-2015 fiscal year, State agencies paid interest totaling $1,525,112 representing a decrease of $189,713 from the prior year.

New York spent $143.9 billion in State Fiscal Year (SFY) 2014-15 on an All Governmental Funds (All Funds) basis, an increase of $6.4 billion or 4.6 percent from SFY 2013-14.

The Office of the State Comptroller received 23,591 contract transactions valued at $44.4 billion, both new contracts and contract amendments, in the 2014 calendar year. The average time from submission to final sign-off was 11.6 days. Over three-quarters of these transactions (78.5 percent), representing over 75 percent of the aggregate contract dollar value, were reviewed by OSC in 15 days or less. An additional 15.6 percent were processed in 16 to 30 days.

In the sixth year of national economic recovery, New York State’s short-term financial condition continues to improve.

Medicaid provides health insurance coverage to more than 6 million New Yorkers and is projected to cost a total of $62 billion from federal, State and local sources in State Fiscal Year 2016.

This report by the Office of the State Comptroller on overtime use by New York State agencies examines overtime patterns over the past eight calendar years. The total cost of overtime in calendar year 2014 was more than $661 million for over 15.9 million overtime hours worked.

New York’s Medicaid program is undergoing major changes, with ambitious plans for further modifications just ahead. The State’s efforts to slow spending growth are showing measurable progress, with average beneficiary costs declining while enrollment continues to grow.

The Executive Budget for State Fiscal Year (SFY) 2015-16 was released by the Executive on January 21, 2015. On February 20, the Executive submitted 30-day amendments to the proposed Budget.

Farms are an essential and diverse part of New York State’s economy, contributing significantly to employment, incomes and tax revenues across the Empire State.

As the national economy gains momentum in its sixth year of inconsistent recovery from the Great Recession, New York State's fiscal condition also continues to improve.