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2022 Financial Condition Report

As State policymakers responded to the challenges of the COVID-19 pandemic and accompanying volatility in the State’s finances, New York ended the State Fiscal Year (SFY) 2021-22 budget on stable ground. 

2023 Financial Condition Report

Despite significant uncertainty caused by inflation and other factors, State Fiscal Year (SFY) 2022-23 reflected continuing recovery from COVID-19 and economic growth. 

State Contract and Payment Actions in August

In August, the Office of the State Comptroller approved 2,185 contracts for state agencies and public authorities valued at $2.8 billion and approved nearly 2 million payments worth more than $11.1 billion. The office rejected 231 contracts and related transactions valued at $391 million and nearly 1,800 payments valued at more than $12.8 million, primarily for mistakes, insufficient support for charges, and improper payments. More information on these contracts and payments is available at Open Book New York.

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