The majority of New York City’s capital projects are over their initial budgets and behind schedule, suggesting better monitoring and reporting could lead to adjustments to improve capital project delivery, according to an analysis released today by State Comptroller Thomas P. DiNapoli.
The size of New York City’s immigrant workforce was flat over nearly a decade, according to a new report from New York State Comptroller Thomas P. DiNapoli. Through 2023, the foreign-born labor market grew 18.5% since 2015 nationally, while New York City’s declined 0.6%, according to data analyzed from the Bureau of Labor Statistics. Still, in 2023, New York City’s 1.8 million foreign-born workers made up 44.3% of its total labor force, more than double the national share of 18.6%.
The size of New York City’s immigrant workforce was flat over nearly a decade. Through 2023, the foreign-born labor market grew 18.5% since 2015 nationally, while New York City’s declined 0.6%, according to data analyzed from the Bureau of Labor Statistics. Still, in 2023, New York City’s 1.8 million foreign-born workers made up 44.3% of its total labor force, more than double the national share of 18.6%.
The average annual Wall Street bonus dipped to $176,500 last year, a 2% decline from the previous year’s average of $180,000. Wall Street’s profits were up 1.8% in 2023, but firms have taken a more cautious approach to compensation and more employees have joined the securities industry, which accounts for the slight decline in the average bonus.
The average annual Wall Street bonus dipped to $176,500 last year, a 2% decline from the previous year’s average of $180,000, according to New York State Comptroller Thomas P. DiNapoli’s annual estimate. Wall Street’s profits were up 1.8% in 2023, but firms have taken a more cautious approach to compensation and more employees have joined the securities industry, which accounts for the slight decline in the average bonus.
The Long Island Rail Road (LIRR) needs to do more to properly prepare for severe weather events, according to an audit released today by New York State Comptroller Thomas P. DiNapoli. The audit found the LIRR delayed a critical weather-related systemwide risk assessment of its infrastructure for over a decade and failed to complete several resiliency projects on-time following Superstorm Sandy in 2012.
Better-than-projected revenues and planned cost savings benefited New York City’s budget outlook for Fiscal Year 2025, but outyear budget gaps remain large due to the end of federal pandemic aid and a lack of federal funding to support asylum seeker costs. Additional City funding for education and social services programs that support working-class families may be needed if those programs will be maintained at current levels in the future.
Better-than-projected revenues and planned cost savings benefited New York City’s budget outlook for Fiscal Year (FY) 2025, but funding for education and social services remain uncertain in the future, according to State Comptroller Thomas P. DiNapoli’s analysis of the city’s latest financial plan.
Weaknesses in how the state Department of Labor (DOL) investigates labor law violations in New York City have led to significant delays in holding violators accountable and attaining restitution for workers while allowing infractions to continue, according to an audit released today by State Comptroller Thomas P. DiNapoli.
A report released today by New York State Comptroller Thomas P. DiNapoli examines the Metropolitan Transportation Authority’s (MTA) latest 20-Year Needs Assessment, reviews the depth of work needed to upgrade New York’s regional transit systems and highlights the urgent need for the MTA to state its priorities and funding plans.
