The New York City Metropolitan Area accounted for more than $103 billion, or 69%, of the value of goods imported to New York state. In 2023, Europe provided the largest share of goods by value to the metropolitan area among all regions, according to a report released today by New York State Comptroller Thomas P. DiNapoli.
New York City increased its expectations for its surplus in fiscal year (FY) 2025 to $2.34 billion, largely as a result of stronger tax revenue projections and a reduction in the cost of providing services to asylum seekers, which will help balance its $116.9 billion FY 2026 budget, according to a report released today by State Comptroller Thomas P. DiNapoli.
New York City increased its expectations for its surplus in fiscal year (FY) 2025 to $2.34 billion, largely as a result of stronger tax revenue projections and a reduction in the cost of providing services to asylum seekers, which will help balance its $116.9 billion FY 2026 budget. With escalating uncertainty in the federal funding environment — which could lead the State to make choices to balance its budget that pressure local government finances — preparation and transparency remain paramount to navigate the future.
New York State Comptroller Thomas P. DiNapoli released the following statement on New York City's Fiscal Year (FY) 2026 Preliminary Budget:
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.
New York City’s 65 and older population grew by nearly half a million seniors in the last two decades, an increase of 53%, according to a new report by New York State Comptroller Thomas P. DiNapoli. 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. With a record high senior population, the Comptroller warns city funding must keep pace with demand to support critical services for older adults in the future.
New York State Comptroller Thomas P. DiNapoli released the following statement on New York City Mayor Eric Adams' 2025 State of the City address:
Three Metropolitan Transportation Authority agencies – Bridges & Tunnels (B&T), NYC Transit Department of Buses (Transit Bus), and MTA Bus Company (MTA Bus) need to improve their preparations for extreme weather as an audit released today by New York State Comptroller Thomas P. DiNapoli found a lack of maintenance and inspections of resiliency equipment, and a failure to follow weather alert procedures.
The Metropolitan Transportation Authority (MTA) has not done enough to consolidate its procurements across its agencies to save money as was expected under its Transformation Plan, according to an audit released today by State Comptroller Thomas P. DiNapoli.
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.
