DiNapoli Examines Fiscal Hurdles Facing Key NYC-Supported Agencies
New York City is financially accountable for numerous entities that are legally separate but can impact its budget. Today, State Comptroller Thomas P.
New York City
Reductions in Homelessness Among New York’s Veterans
New York has led the nation in reducing the number of homeless veterans – largely driven by success in New York City. Between 2010 and 2022, the number of homeless veterans in the State fell by 83 percent. Robust federal funding has supported the programs to achieve the reductions.
Agency Services Monitoring Tool
The Office of the New York State Comptroller developed a tool that displays performance indicators, staffing levels and spending commitments assigned to a New York City service since January 2020. While there are many factors that affect service demand and provision, the tool can provide some insight on existing operational or budgetary phenomena or the emergence of potential risks to the City’s budget and the provision of certain services.
Asylum Seeker Spending Report
The Office of the State Comptroller has created this tool to document State and City emergency spending related to people seeking asylum. The data will be updated monthly and are available for download.
DiNapoli Tracks State and City Spending Related to Asylum Seekers
New York State Comptroller Thomas P. DiNapoli today launched a new online tool to monitor emergency spending related to assistance for asylum seekers by New York state and New York City. State agencies have spent $316.2 million in State Fiscal Year (SFY) 2023-24 on resources for asylum seekers through Sept. 30. New York City’s estimated total spending from Fiscal Year (FY) 2023 and FY 2024 through Sept. 30 is $1.89 billion.
New York City Economic and Demographic Indicators in Relation to New York State
Economic indicators show New York City’s economy is recovering from the depths of the pandemic, with the City accounting for three-fifths of the State’s total wages and its sales tax collections rising to 43% of total statewide collections, nearing pre-pandemic levels. This reference document includes major demographic, economic and fiscal indicators that highlight New York City’s contribution to the State. The economic recovery of New York State is ultimately reliant on the continued return of population and business activity in New York City.
DiNapoli: New York City Continues to Rebound and Regain Share of State Economic Activity
Economic indicators show New York City’s economy is recovering from the depths of the pandemic, with the city accounting for three-fifths of the state’s total wages and its sales tax collections rising to 43% of total statewide collections, nearing pre-pandemic levels, according to a report released today by State Comptroller Thomas P. DiNapoli. Even with these and other positive developments, more people and jobs need to return to the city to fuel economic growth for the city and the state.
Domestic Violence: Recent Trends in New York
The number of domestic violence victims increased in 2022 by 8.5% in New York City and 8.7% in the rest of New York State when compared to 2019. With nearly 90,000 reported victims of domestic violence statewide in 2022, significant work remains to reduce the number of these destructive incidents and to ensure the availability of resources to assist victims.
DiNapoli: Number of Domestic Violence Victims Rises in 2022
The number of domestic violence victims increased in 2022 by 8.5% in New York City and 8.7% in the rest of New York state when compared to 2019, according to an analysis by State Comptroller Thomas P. DiNapoli. October is Domestic Violence Awareness Month. According to the Centers for Disease Control and Prevention, 1 in 4 women and 1 in 10 men have experienced sexual violence, physical violence, and/or stalking by an intimate partner during their lifetime.
The Securities Industry in New York City, October 2023
Wall Street’s 2023 first half profits of $13 billion were down 4.3% from the same period last year but tracked the industry’s return to pre-pandemic levels of revenue after record profits in 2020 and 2021. Financial firms’ interest expenses were seven times higher in 2022 than in 2021. Data for 2022 will likely show a decline in the industry’s economic contribution, back to pre-pandemic levels (14.5% in NYC in 2019), reflecting the drop in firms’ profitability.