The Enacted Budget for State Fiscal Year 2025-26 is projected to total $254 billion, a 5.2% increase in spending at a time when new federal actions on funding and policy may change the relationship between the federal government and states. Federal funding represents more than 1 in 3 dollars in the State’s budget. Federal reductions will have real impacts on the people in the State, whether it is the food or medical care they can afford or even the level of care that hospitals provide.

Young workers in New York City between the ages of 16-24 continued to face a high 13.2% unemployment rate in 2024, which was 3.6 points higher than in 2019 and higher than all other age groups. Potential federal funding cuts to education and workforce development grants, as well as a looming economic recession, may weaken job prospects for young people.

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) 2024-25, agencies paid vendors $4,258,793 in interest primarily due to delays in encumbrance processing, agency backlog or agency processing delays.

New York State has appropriated $1.71 billion through State Fiscal year (SFY) 2025 to help counties implement the provisions of the “Raise the Age” (RTA) law enacted in 2017, with $658.8 million disbursed through SFY 2025. As counties continue implementing RTA through programming and staffing, State spending may continue to increase.

Budget resolutions under consideration by the 119th Congress could lead to a dramatic restructuring of the federal⁠⁠-⁠⁠state⁠ ⁠relationship. This online resource details the vast array of services that federal funding supports amid the continued uncertainty in Washington over potential cuts for states, including funds for Medicaid and other health programs, education, social welfare, transportation, public protection and other vital programs.  

Non-emergency 311 calls in New York City climbed to over 3.4 million in 2024, up 7% from 2023. To increase transparency and help the city respond to growing quality of life complaints, the Office of the New York State Comptroller released a report highlighting trends in service requests over the past five years, and an interactive NYC311 Monitoring Tool to let people see requests in their neighborhood and help identify where resources may be needed.