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NEWS from the Office of the New York State Comptroller
Contact: Press Office 518-474-4015

DiNapoli: NYC’s Solid Housing Growth at Risk As Permits Fall

New York City’s efforts to address its housing shortage have led to a growth in supply that outpaced that of the state, but a drop in permits suggests slower growth may be on the horizon, according to a report released today by State Comptroller Thomas P. DiNapoli. The report examines where new housing has been concentrated since 2010 and implications for growth in other areas under the “City of Yes” initiative and the creation of the 485-x affordable housing program.

DiNapoli Announces Scheduled Sale of $541M State of New York General Obligation Bonds

State Comptroller Thomas P. DiNapoli today announced the details of the upcoming New York state General Obligation bond issue totaling $541.1 million. A competitive sale of tax-exempt and taxable bonds is scheduled for March 18. The state expects to sell $347.8 million of new money for transportation, education and environmental purposes and, depending on market conditions, $193.3 million to refund a portion of certain outstanding General Obligation bonds to reduce the state’s debt service costs.

State Comptroller DiNapoli and Department of Financial Services Superintendent Harris Designate New Banking Development District Branch To Support Community Banking in Red Hook

New York State Comptroller Thomas P. DiNapoli and Department of Financial Services Superintendent Adrienne A. Harris today announced the approval of Spring Bank’s Red Hook Branch as a Banking Development District (BDD) and deposited $10 million in public funds to the bank.

DiNapoli: Federal Funding Uncertainty Jeopardizes Impact of Inflation Reduction Act for New Yorkers

A new report by State Comptroller Thomas P. DiNapoli details New York’s financial impact from the 2022 Inflation Reduction Act (IRA), including close to $2 billion in funds for environmental and energy purposes that could help lower costs to consumers during New York’s transition to clean energy. DiNapoli warns there is now significant uncertainty about whether this funding will continue after a new executive order issued by President Trump.

DiNapoli Report Looks at New York City Metro Area's Import and Export Economies

The New York City Metropolitan Area accounted for more than $103 billion, or 69%, of the value of goods imported to New York state. In 2023, Europe provided the largest share of goods by value to the metropolitan area among all regions, according to a report released today by New York State Comptroller Thomas P. DiNapoli.