Reports

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 providers with the opportunity to offer services to fiduciary-controlled entities established by New York State law.

For State Fiscal Year (SFY) 2020-21, agencies paid vendors $1,451,218 in interest, a decrease of $279,793 (approximately 16 percent) from SFY 2019-20.

This report details economic impact payments, also known as "stimulus checks," provided to New Yorkers under the Coronavirus Aid, Relief, and Economic Security (CARES) Act and the COVID-Related Tax Relief (CRTR) Act. The report also summarizes the Comptroller’s analysis of the Enacted Budget.

Identity theft cases surged in New York State in 2020, inflicting financial losses on individuals and threatening disruption to government programs as well as private financial institutions. Identity theft complaints surpassed 67,000 statewide last year, more than four times the annual total from a decade earlier, according to Federal Trade Commission data.

This report examines the use of overtime by New York State agencies over the past ten calendar years. The total cost of overtime in calendar year 2020 reached an all-time high at more than $850 million, covering roughly 19.1 million overtime hours worked.

The Corporate Governance Program supports and facilitates the integration of environmental, social and governance (ESG) factors in the Common Retirement Fund’s due diligence process, investment decisions, and performance monitoring program, and provides active stewardship of the Fund’s public equity holdings.

The New York State All Funds Budget for State Fiscal Year (SFY) 2021-22 totals an estimated $212 billion — the largest budget in State history, almost 10 percent greater than the prior year. While the Budget relies on an influx of resources to make significant investments in Education, Medicaid, and for aid for New Yorkers and businesses, it also missed opportunities to correct course on some lingering fiscal deficiencies.

As unprecedented fires burned in the West and powerful storms flattened or flooded homes, businesses and vital infrastructure in every corner of the nation, 2020 painted a vivid picture of the potential for climate change to disrupt our lives. 

The Climate Action Plan Progress Report for the New York State Common Retirement Fund highlights the Fund’s recent efforts to address climate risks and opportunities.

To date, New York businesses and not-for-profits have received $51.0 billion of federal Paycheck Protection Program (PPP) loans, low-interest loans first authorized in March 2020 in response to economic hardships faced by these entities due to the pandemic. This report provides a profile of PPP loans by county, industry, and business size.

New York has recovered less than half the jobs lost between February and April 2020. This report explores the industries leading the recovery, including the leisure and hospitality sector, retail, and construction, and shows which industries continue to lose jobs.

One year since the onset of the COVID-19 pandemic, 4 out of 5 small businesses continue to report an overall negative impact in their business. This report explores the latest U.S. Census Bureau survey data from New York’s small businesses, the allocation of fiscal relief for New York from the American Rescue Plan of 2021, and the latest figures from the Comptroller’s monthly cash report.

A year after the first case of COVID-19 was reported in New York State, the economic disruption caused by the pandemic remains severe. One key measure is the total number of New Yorkers claiming unemployment insurance (UI) benefits. The figure remains elevated 11 months after the initial surge of job losses, with 2.4 million claims reported by the U.S. Bureau of Labor Statistics as of mid-February 2021.

The Executive Budget Financial Plan for State Fiscal Year 2021-22 projects that federal operating aid spending in the current fiscal year will total $76.6 billion, an increase of 30 percent over last year. The proposed Budget assumes the State will receive at least $3 billion in unrestricted federal assistance for each of the next two fiscal years. However, that level of funding would not be enough to avert painful spending cuts to local governments, nonprofits and other service providers, or tax increases.

Each year, thousands of New Yorkers take the opportunity, while paying their State taxes, to support a variety of charitable purposes through the State’s personal income tax check-off programs.

New York ranks seventh among all the states in the percentage of adults who are experiencing food scarcity, at 14 percent compared to the 11 percent national rate, according to the U.S. Census Bureau’s latest Household Pulse Survey.

Unemployment rates for New York State, New York City and the balance of the State spiked upward in April 2020. At that point, and in the months immediately before, the percentages of officially unemployed workers in the City and in the rest of the State were nearly identical — but those numbers have since diverged sharply.

As DEC now enters its second half-century, its mission is broader than ever before. Wide-ranging laws to address climate change and major initiatives to assure clean drinking water are just some of the new tasks DEC has been assigned in the last few years, adding to an already long list of environmental planning, regulatory and management programs — all of which are important to our quality of life and the State’s economy.

The economic outlook contained in the Governor’s Executive Budget proposal for State Fiscal Year 2021-22, released this week, anticipates continuing but slow improvement for employment and other economic indicators, as well as tax revenues.

DiNapoli's office issues a state cash report every month identifying actual state revenues and spending from the prior month. The cash report focuses primarily on the General Fund and All Governmental Funds. The General Fund is the major operating fund of the state. All Governmental Funds includes General, Special Revenue, Debt Service and Capital Projects funds, as well as funds from the federal government.

Previous Monthly Cash Basis Reports