Reports

State tax revenues in December and January fell far short of earlier projections, making the process of adopting the new State budget more difficult than in the recent past.

Local sales tax collections in New York State were $17.5 billion in 2018, a 5.3 percent increase over the previous calendar year and the third consecutive year that growth in collections improved. Certain economic factors may be contributing to this improvement--more than 62,000 additional New York residents were employed in 2018, total wages for the first two quarters increased by nearly 5.7 percent compared to the same period in the prior year, consumer confidence has remained high and consumer spending has been mostly steady throughout the year.

This report summarizes results of school district scores for the 2017-18 school fiscal year (SY) and compares results to SY 2016- 17.

As Trustee of the New York State Common Retirement Fund, I have a responsibility to safeguard the Fund’s investments, which I manage for the benefit of the more than one million participants in the New York State and Local Retirement System.

New York City’s economy is strong and continues to set new records. It added 715,000 jobs between 2009 and 2017, the largest and longest job expansion in the post–World War II period. Employment reached a new record of 4.4 million in 2017, 615,000 higher than the prerecession peak. Although job growth has slowed, the City is still on pace to add another 72,000 jobs in 2018. The unemployment rate fell to 4 percent in October 2018, the lowest monthly rate in 42 years.

Local governments or public authorities own 20 of the State’s 27 municipal solid waste landfills, the type of landfills that take in most of what we typically think of as “garbage”—residential, commercial and institutional waste. This report examines the role of local governments in solid waste management, with particular attention to the issues they confront as municipal solid waste landfill owners.

This Report on Estimated Receipts and Disbursements for State Fiscal Year (SFY) 2018-19 through SFY 2020-21, issued pursuant to Section 23 of the State Finance Law, is intended to enhance analysis and discussion of the State’s economic condition and the State Budget.

Job markets go through cycles of ups and downs. Further, within New York State, employment trends can be very different from one region to another. But, over the last ten years, at least one sector – health care – has established a consistent pattern of growth across the State.

The Metropolitan Transportation Authority (MTA), which operates the regional transportation system in the New York City metropolitan area, is facing its greatest challenge in decades.

In 2009 and 2010, President Obama and Congress enacted two major laws—the American Recovery and Reinvestment Act, and the Affordable Care Act—that provided significant new funding to help New York and other states provide essential services to the people.

Excel file with supporting data

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, 2018.

The Fiscal Stress Monitoring System (FSMS) annually assesses fiscal stress in local governments and school districts. This report summarizes the fiscal and environmental results of all 1,589 New York counties, cities, towns and villages for their fiscal years ending in 2017.

Staten Island is one of the five boroughs that make up New York City. It is the least populous and most suburban, with one-third of its acreage dedicated to parks and recreation, and is often called the City’s “Greenest Borough.”

As of March 31, 2018, the State’s General Fund cash balance was $9.4 billion, the highest in recent history. But this cushion is expected to shrink: the State’s Financial Plan anticipates that more than $3.9 billion, or 42 percent of this figure, will be used in the 2018-19 fiscal year.

New York is home to over 35,000 farms, covering approximately 7.3 million acres or nearly a quarter of the State’s total land area.

Securities industry pretax profits grew by 42 percent in 2017 on higher revenue from core activities. That momentum has carried into 2018, with profits rising by 11 percent during the first half of 2018.

New York State has a proud history of working to make health insurance coverage as widely available as possible, to promote public health and improve New Yorkers’ quality of life.

The Comprehensive Annual Financial Report for the State of New York for the fiscal year ended March 31, 2018.

The Enterprise Fraud, Waste and Abuse Prevention and Detection Act (Act) of 2015 (State Finance Law Section 8-c) called for the establishment of a statewide electronic system in New York to help detect and prevent fraud, waste, and abuse in government spending and avoid improper payment of public moneys.

Local sales tax collections in New York State for the first half of 2018 were $8.5 billion, a 6.0 percent increase over the same period last year. This was the highest half-year increase since 2010, growing in every region of the State compared to the first half of 2017. Factors that may have influenced this include the lowest unemployment rate in over a decade, steady wage growth in the first half of 2018 and high consumer confidence.