State collections from all forms of gaming totaled $4.8 billion in State Fiscal Year 2022-2023. With the legalization of mobile sports betting, the New York State Gaming Commission noted a 26% increase in problem gambling-related calls to the Office of Addiction Services and Supports from 2021 to 2022. More attention should be devoted to understanding the implications of mobile sports betting, particularly on young New Yorkers.

Cyberattacks are a serious threat to America’s critical infrastructure and have the potential to severely impact our day-to-day lives. According to the FBI, cyberattack complaints in New York State increased 53% between 2016 and 2022, jumping from 16,426 incidents in 2016 to 25,112 in 2022. Estimated losses in New York from cyberattacks in 2022 totaled over $775 million, while losses nationwide totaled $10.3 billion.

In a turnaround from the fiscal crisis it faced a year ago, the Metropolitan Transportation Authority (MTA) today stands on firmer financial ground, largely because the State budget provided dedicated sources of revenue to close projected budget gaps. With this improved financial picture, the burden is now on the MTA to improve the region’s transit system and win riders back, while keeping its budget balanced.

The Annual Comprehensive Financial Report for the New York State and Local Retirement System (the System or NYSLRS) for the fiscal year ended March 31, 2022.

The Annual Comprehensive Financial Report for the State of New York for the fiscal year ended March 31, 2022.

As State policymakers responded to the challenges of the COVID-19 pandemic and accompanying volatility in the State’s finances, New York ended the State Fiscal Year (SFY) 2021-22 budget on stable ground. 

The Annual Comprehensive Financial Report for the State of New York for the fiscal year ended March 31, 2023.

The Annual Comprehensive Financial Report for the New York State and Local Retirement System (the System or NYSLRS) for the fiscal year ended March 31, 2023.

Despite significant uncertainty caused by inflation and other factors, State Fiscal Year (SFY) 2022-23 reflected continuing recovery from COVID-19 and economic growth.