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DiNapoli: Some Affordable Apartments for Seniors Left Vacant for Years

The shortage of affordable housing is especially hard on elderly New Yorkers, but many units are sitting vacant even though thousands of seniors are on waiting lists for them, an audit released today by New York State Comptroller Thomas P. DiNapoli found. The audit examined whether the NYC Department of Housing Preservation and Development (HPD) and the NYC Housing Development Corporation (HDC) properly oversee the awarding of housing to seniors and a program that assists senior homeowners.

DiNapoli Audit Finds Hazardous Conditions Persist in Mitchell-Lama Developments

New York State’s affordable housing agency, Homes and Community Renewal (HCR), is falling short in its oversight of several Mitchell-Lama developments, according to an audit released today by State Comptroller Thomas P. DiNapoli. Auditors found unsafe conditions at facilities that went unaddressed, sometimes for years, and questionable spending.

Review of the Financial Plan of the City of New York, May 2023

Stronger-than-anticipated revenue and savings initiatives will allow New York City to maintain budget balance in Fiscal Year (FY) 2024, but the City faces significant financial pressures that are likely to exacerbate already large out-year budget gaps. Budget balance in FY 2024 comes as the City is returning to a revenue composition that more closely resembles pre-pandemic norms, moving away from reliance on federal relief aid.

DiNapoli: Strong Tax Collections and New Savings Initiatives Boost NYC's Short-Term Finances

Stronger-than-anticipated revenue and savings initiatives will allow New York City to maintain budget balance in the coming fiscal year, but the city faces significant financial pressures that are likely to exacerbate already large out-year budget gaps, according to a report on the city Fiscal Year (FY) 2024 Executive Budget released today by State Comptroller Thomas P. DiNapoli.

DiNapoli: New State Funds Open Door for MTA to Ease Debt, Build Stronger Future Budgets

New sources of recurring revenue in the state’s final budget and other aid, including expected revenue from congestion pricing, give the Metropolitan Transportation Authority an opportunity to ease the pressure that growing debt places on its operations and stabilize its future finances, according to a report released today by State Comptroller Thomas P. DiNapoli. Ensuring stronger finances down the road will depend in part on how the MTA chooses to manage debt in the coming years.

New York City’s Uneven Recovery: Mothers in the Workforce, May 2023

The unemployment rate for mothers in New York City has improved but it remains higher than it was prior to the pandemic. In 2022, 5.7% of City moms in the workforce were unemployed compared to 3.4% nationally. Black mothers in the City are the hardest hit, facing an unemployment rate of 9%. Some mothers in the City appear to be looking for flexible options outside full-time work, especially compared to the rest of the State and the nation.

DiNapoli: Employment Among Mothers in NYC Improves, But Unemployment Remains Higher Than Pre-Pandemic Levels

The unemployment rate for mothers in New York City has improved but it remains higher than it was prior to the pandemic, according to a report released today by New York State Comptroller Thomas P. DiNapoli. The report also found that 5.7% of city moms in the workforce were unemployed in 2022 compared to 3.4% nationally. Black mothers in the city are the hardest hit, facing an unemployment rate of 9%.

Annual Update: Metropolitan Transportation Authority’s Debt Profile, May 2023

Escalating debt service costs have long been a source of financial pressure at the MTA. The pandemic exacerbated these pressures causing ridership to drop and tax revenues to dry up. However, new sources of recurring revenue in the enacted State budget and other aid give the MTA an opportunity to ease the pressure that growing debt places on its operations and to stabilize its future finances.

NYC Health + Hospitals: Nurse Staffing Trends

The COVID-19 pandemic exacerbated pre-existing staffing pressures, particularly a shortage of staff nurses, in NYC Health + Hospitals (H+H) facilities, leading to an increased reliance on temporary nurses and higher staffing costs. This report includes a trend analysis of nurses in New York City and the rest of the State, challenges to hire more staff nurses nationwide and the experience of H+H nurse staffing during this time.