Public Authorities by the Numbers, March 2013
Public authorities make up an increasingly large and influential sphere of government in New York State.
Public authorities make up an increasingly large and influential sphere of government in New York State.
Growth in the number, cost and influence of public authorities has necessitated increased disclosure and oversight of their activities, which historically have been less transparent than those of State agencies.
The Executive’s proposal could move toward increased private control over the provision of power on Long Island.
The Power Authority of the State of New York is the largest public power utility in the United States, and its operating expenditures ranked third among New York State authorities in 2012.
State and local public authorities and related entities make up an increasingly large and influential sphere of government in New York State.
New York’s State and local public authorities collectively spend nearly $60 billion annually. Their total debt outstanding, more than a quarter of a trillion dollars, equates to $13,013 for every New York resident.
New York’s State and local public authorities collectively spend nearly $60 billion annually. Their total debt outstanding, more than a quarter of a trillion dollars, equates to $13,013 for every New York resident.
Long Island utility customers have long paid some of the highest electricity prices in the country. Residents and businesses in the region have raised concerns about such costs, as well as management practices of the Long Island Power Authority (LIPA).
New York’s public authorities carry out a wide range of essential activities. Drive along the Thruway, ride a subway, bus or commuter train, visit a public hospital, or simply turn on a light in a home or office – a public authority may be part of New Yorkers’ daily lives in these ways and many others.
The report summarizes most recently completed data (fiscal year ending 2018) found in these annual reports. In addition to reviewing IDA data, the Office of the State Comptroller (OSC) provides training to IDA officials on various topics, including recent legislative reforms and how to improve their compliance with reporting requirements.