A sample of local governments across New York reported $1.34 billion in actual and anticipated spending on capital projects over a 10-year period, with about 55% of the total in response to climate-related hazards such as increased flooding and storm damage, according to a report released today by State Comptroller Thomas P. DiNapoli.
Tax collections for State Fiscal Year (SFY) 2022-23 totaled $111.7 billion, $2.9 billion higher than the forecast released by the Division of the Budget (DOB) in the Amended Executive Budget financial plan at the beginning of March but $9.5 billion lower than the previous year, according to the March State Cash Report released today by New York State Comptroller Thomas P. DiNapoli.
The surge in federal spending in response to the COVID-19 pandemic significantly improved New York’s per capita ranking in the federal balance of payments from 49th in 2019 to 30th in Federal Fiscal Year (FFY) 2021, according to a report released by State Comptroller Thomas P. DiNapoli. For every dollar New York sent to the federal government in tax receipts, it received $1.51 back in federal spending, as compared to a national average of $1.70.
New York State Comptroller Thomas P. DiNapoli today announced the following local government and school audits were issued.
As New York state grapples with cost-effective solutions for its estimated $250 billion in infrastructure needs over the next 20 years, the state should examine both the opportunities that public-private partnerships offer as well as the underlying financial risks associated with forming those partnerships, according to a report released today by State Comptroller Thomas P. DiNapoli.
New York State Comptroller Thomas P. DiNapoli called for strong oversight provisions if New York broadens the authority of the state to enter into public-private partnership (P3) projects or goes forward with private financing of public projects. DiNapoli’s recommendations follow the release of a report today examining the benefits and problems that have plagued P3 projects elsewhere in the country.
New York’s 107 local Industrial Development Authorities (IDAs) reported 4,324 active projects with an aggregate value of $126 billion in 2021, a 10.4%, or $11.9 billion, increase compared to 2020, according to a report released today by State Comptroller Thomas P. DiNapoli. The number of IDA projects increased by 1.5%.
New York State Comptroller Thomas P. DiNapoli today announced the following local government and school audits were issued.
A new report released today by State Comptroller Thomas P. DiNapoli finds that after a nationwide spike in unemployment, New Yorkers with disabilities continue to face a higher unemployment rate than the national average for those with disabilities. In 2020, unemployment rates for working-aged people with a disability soared in both New York and the nation, reaching 13.9% and 13.4%, respectively. The national rate dropped to 8.2% in 2022, but in New York it was 11.9%.
The state Department of Health can do more to control costs and save taxpayers money by making sure it gets the drug rebates that it is entitled to under federal regulations, according to an audit by State Comptroller Thomas P. DiNapoli. DiNapoli’s office has conducted a series of audits on this issue with similar results.
