Reports

New York’s State and local public authorities collectively spend nearly $60 billion annually. Their total debt outstanding, more than a quarter of a trillion dollars, equates to $13,013 for every New York resident.

As of December 2014, OSC has completed 40 audits of expenses submitted to SED by preschool and/or school age special education providers over the last decade. These audits have cumulatively identified almost $42 million in disallowances, or 7.6 percent of the total claimed expenses of $544 million for the audit period. 

New York’s State and local public authorities collectively spend nearly $60 billion annually. Their total debt outstanding, more than a quarter of a trillion dollars, equates to $13,013 for every New York resident.

Access to a habitable and secure place to live is a basic human need, essential to good health and well‐being. Keeping New Yorkers housed is costly, however. Government spends billions of dollars annually to assist developers, owners, and renters.

Created in 1970, the New York State Department of Environmental Conservation (DEC) is responsible for most of the State’s programs to protect wildlife, natural resources and environmental quality.

This Report on Estimated Receipts and Disbursements for State Fiscal Year (SFY) 2014- 15 through SFY 2016-17, issued pursuant to Section 23 of the State Finance Law (as amended by Chapter 1 of the Laws of 2007), is intended to enhance analysis and discussion of the State’s economic condition and the State Budget.

The State ended the first half of State Fiscal Year (SFY) 2014-15 in an improved cash position, due largely to unanticipated settlement revenues and tax receipts.

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, 2014.

New York State has made progress toward aligning revenues with expenditures in recent years by limiting spending growth and holding potential budget gaps to comparatively manageable levels. 

The New York State Common Retirement Fund has a powerful, far-reaching impact on the economy of New York State.

The Comprehensive Annual Financial Report for the State of New York for the fiscal year ended March 31, 2014.

The State’s All Governmental Funds tax collections through the first quarter of the 2014-15 State Fiscal Year (SFY) were $1.3 billion higher than projected in this year’s Enacted Budget Financial Plan, primarily due to increased business tax and Personal Income Tax (PIT) collections.

New York State ended State Fiscal Year (SFY) 2013-14 in its strongest financial condition since the Great Recession. Indications of the State’s improved fiscal footing included a $175 million deposit in the Rainy Day Fund, the first since 2008, and General Fund reserves of $2.2 billion, effectively the highest level since the end of SFY 2007-08.

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 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.

In 2013-14, vendors were paid interest totaling $1,714,825 representing an increase of $837,466 above the prior year. 

In 1966, New York State voters approved an amendment to the New York State Constitution to authorize creation of the modern State Lottery. The Lottery now is an important contributor to State revenues, generating more than $3 billion last fiscal year.

Although U.S. and New York State economic growth softened in State Fiscal Year (SFY) 2013-14, tax collections showed signs of real improvement.

The Office of the State Comptroller (OSC) continues its efforts to promote sustainable government practices.

The State ended SFY 2013-14 in its most favorable financial position in years. The General Fund’s end-of-year balance, more than $2.2 billion, was $432 million over February projections.

Asthma is a major public health problem in New York State and nationally.

Spanish