Reports

The Comprehensive Annual Financial Report for the State of New York for the fiscal year ended March 31, 2011.

In 2010-11, vendors were paid interest totaling $1,398,859, representing an increase of $486,799, or more than 53 percent, above the prior year. 

For many years, budgets in New York State, in addition to being enacted after the start of the fiscal year, have been characterized by overly optimistic revenue estimates, unrealistic spending targets, and excessive reliance on temporary or non-recurring revenues.

The economic recovery took hold in New York in 2010, but it has been slow, and not all regions of the State have benefited equally.

The federal government has been operating under Continuing Resolutions since the start of the new federal fiscal year that began October 1, 2010. Despite ongoing efforts between the President and Congress to reach agreement on a federal budget, taxpayers face the threat of the first federal government shutdown since 1996.

The number of Hispanic-owned businesses in New York State totaled 193,200 in 2007, the latest year for which data are available. This represented an increase of 85.4 percent compared with the 1997 level, or nearly three times the rate of growth in the total number of businesses in the State. 

Spanish

The budget process for State Fiscal Year (SFY) 2011-12 is well underway, with several milestones reached. On March 1, the Executive and the Legislature reached consensus on an economic and revenue forecast for the current year and the next, and on March 3, the Executive submitted final amendments to the proposed budget.

The State Fiscal Year (SFY) 2011-12 Executive Budget makes significant progress in addressing the State’s structural deficit by bringing recurring spending into better alignment with recurring revenue.

Programs focused on children who are at risk of becoming delinquent have demonstrated effectiveness in preventing young people from ever entering the juvenile justice system.

New York State Comptroller Thomas P. DiNapoli issued an Executive Order on Energy and the Environment on September 13, 2007 that established the goals and structure of a Green Initiative for the New York State Office of the State Comptroller (OSC).

As New York State grapples with cost-effective solutions for its estimated $250 billion in infrastructure needs over the next 20 years, this report examines both the opportunities that public-private partnerships offer as well as the underlying financial risks associated with forming those partnerships.

While LIPA appears to have adhered to established storm protocols in response to Hurricane Earl, opportunities exist to improve these policies and procedures.

Over the past ten years, New York has spent $63.2 billion to support its capital program. Despite this significant investment, there are many critical capital needs across the State that remain unmet, calling into question the adequacy and effectiveness of the current capital planning and financing process.

This Report on Estimated Receipts and Disbursements for State Fiscal Year (SFY) 2010-11 through SFY 2012-13, issued pursuant to Chapter 1 of the Laws of 2007, is intended to facilitate continuing discussion of the State’s economic condition and the State Budget.

The growth in the number, cost and influence of public authorities has necessitated increased oversight and disclosure of their activities.

As New York State struggles to meet the challenges of its current fiscal crisis, State policy makers must find ways to encourage growth in various sectors of the State’s economy to ensure the long-term fiscal health of the State. Small businesses – including those owned by minorities and women – are a vital part of that economy.

The United States is slowly recovering from the worst recession in decades, which was precipitated by high-risk lending practices.

New York State's Farmland Protection Program was created in 1992 to preserve high quality working farmland and to reduce pressures on farm families to sell their lands and leave the farming industry. Counties and towns receive financial support from the program to develop farmland protection plans and to purchase development rights on farmland.

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, 2010.

Unlike the State and local governments, New York State’s public authorities are permitted to structure bond issues with the payment of principal heavily weighted to the end of the repayment schedule.