This report highlights Fiscal Stress Monitoring System (FSMS) results for school districts that reported for school fiscal year (SY) 2023-24, which ended on June 30, 2024. Of the 670 districts scored, 22, or 3.3 percent, received a fiscal stress designation. This is six more than in SY 2022-23. The report also includes a look at districts that have experienced chronic fiscal stress over the twelve years since FSMS began and a brief analysis of the system’s companion set of environmental indicators.

Homelessness in New York State has grown sharply, more than doubling between January 2022 and January 2024. A key reason for the increase has been the mass arrival of asylum seekers to New York in this period. While the homelessness increase was driven mostly by New York City, the rest of the State’s regions also experienced increases during this time period.

New York City’s 65 and older population grew by nearly half a million seniors in the last two decades, an increase of 53%. Much of the growth was led by Asian, Hispanic and Black seniors calling the City home, along with more seniors born outside the U.S. The City needs to continue to monitor the trends of the aging population to ensure services remain commensurate with need and outreach is robust.

A look back at some of the major accomplishments of the Office of the New York State Comptroller in 2024.  

Nonprofit organizations in 2022 provided 1.3 million jobs to New Yorkers, just over 1 in 6 private sector jobs in the State. However, nonprofits in New York have been shrinking since 2017, both in number of establishments and in number of jobs, while expanding in the rest of the nation. This report analyzes the most recent employment and wage data released by the U.S. Bureau of Labor Statistics for charitable organizations identified as 501(c)(3)s for the period 2017 through 2022, the latest data available.

New York City’s finances have stabilized amid declining costs for asylum seekers and strong revenue, largely from growth in business and property tax collections. The City must balance fiscal management with its operational needs to ensure it can continue to encourage employment and business growth, enhancing its economic and tax revenue base.

One in four New York City households had no cable, FTTP or DSL internet subscription as of 2023, with The Bronx having the highest share of households without access. More than availability, the challenge for residents to access the internet in the City appears to be driven by a lack of affordable options for some.

New York City’s government workforce reached more than 300,000 employees in June of 2024, the first year-over-year increase since the COVID-19 pandemic. Still, some City agencies remain understaffed, resulting in critical services being impacted. The operational complexity in delivering these services highlights the critical need for stakeholders (management and the public) to have access to relevant data to evaluate the performance of a given agency or program.