State tax receipts exceeded the Enacted Budget Financial Plan forecast by $4.8 billion from April through June, the first three months of the 2021-22 State Fiscal Year, according to the monthly State Cash Report released today by New York State Comptroller Thomas P. DiNapoli.
State Comptroller Thomas P. DiNapoli today released an audit that found New York State Homes and Community Renewal’s (HCR) lax oversight of the Residential Emergency Services to Offer Home Repairs to the Elderly (RESTORE) program contributed to delays in urgent home repairs for seniors.
The New York State Common Retirement Fund reached agreements with all seven portfolio companies where it filed climate-related shareholder proposals during the 2021 proxy season, State Comptroller Thomas P. DiNapoli, trustee of the Fund, announced today. This was the first proxy season the Fund achieved agreements on all of its climate-related shareholder proposals.
Personal income in New York State has surpassed pre-pandemic levels; while this is a positive development, there are two causes for concern. First, growth is primarily due to transfer receipts paid to New Yorkers from the government, which account for more than 20 percent of personal income. Second, earnings in seven industrial sectors, including the leisure and hospitality sector that was hardest hit during the pandemic, have not yet returned to pre-2020 levels.
In May, the Office of the State Comptroller approved 1,325 contracts for state agencies and public authorities valued at $1.3 billion and approved nearly 18.9 million payments worth more than $19.1 billion. The office rejected 132 contracts and related transactions valued at $900 million and more than 8,300 payments valued at nearly $26 million, primarily for mistakes, insufficient support for charges, and improper payments. More information on these contracts and payments is available at www.openbooknewyork.com.
In 2020, OSC completed 10 audits of preschool special education providers' expenses submitted to SED. These audits cumulatively identified over $4.4 million in recommended disallowances, or more than 3 percent of the total claimed expenses of $139.3 million for the audit period.
The State Fiscal Year 2021-22 Enacted Budget Financial Plan reflects a remarkable improvement in the State’s financial condition, as New York and the nation have begun to recover from the devastating impacts of the COVID-19 pandemic.
The State Fiscal Year (SFY) 2021-22 Enacted Budget Financial Plan shows a remarkable improvement in the state’s financial condition as cumulative four-year budget gaps estimated at $38.7 billion just four months ago have been reduced to $3.4 billion, according to a report released today by State Comptroller Thomas P. DiNapoli. This reduction was fueled by the receipt of substantial new resources, including $15.2 billion in federal assistance and $17.3 billion from tax and other policy actions.
The COVID-19 pandemic spurred a change in how people sought and received medical care; rather than visiting medical practitioners in person, increasing numbers of people used telehealth services. While telehealth usage in New York and nationally has declined since the pandemic peak, it remains well above pre-pandemic levels, though still only a small share of overall utilization.
Of the total contracts reported by State agencies in 2020, 78 percent were processed after their start or renewal dates, the highest percentage since 2013 when the figure was 87 percent.
