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DiNapoli: Great Demand For NYS General Obligation Bonds Allows State to Reduce Costs to Taxpayers

State Comptroller Thomas P. DiNapoli yesterday awarded through negotiated sale $572,715,000 of New York State General Obligation (GO) Bonds. After a one-day retail and institutional order period, the State received total orders of over $1.6 billion or 2.8 times the amount of bonds offered, which allowed the State to reduce yields in many maturities. Ultimately, retail orders supported over 55 percent of the total bond sale, of which 85 percent was from New York retail buyers. The true interest cost of the GO Bonds was 3.99 percent.

DiNapoli: Former Medical Office Manager Arrested for Scheme to Defraud the New York State Health Insurance Plan

New York State Comptroller Thomas P. DiNapoli, announced the arrest yesterday of Gina Bradshaw, an officer manager for numerous doctors’ offices in Manhattan, for her alleged role in a long-term scheme to defraud the New York State Insurance Plan (NYSHIP) out of over $12,000 by submitting fraudulent claims for reimbursement. The arrest was the result of a joint investigation between Comptroller DiNapoli, Ulster County District Attorney Clegg, and the FBI Hudson Valley White Collar Crime Task Force.

DiNapoli: Transparency Needed as NYC Moves Forward with Difficult Budget Choices

New York City is planning significant steps to reduce city-funded spending by as much as 15% in response to substantial budget gaps fueled by escalating costs in the years ahead. However, the city’s ability to cut spending is limited to what it has discretion and control over, according to a report released today by State Comptroller Thomas P. DiNapoli.

Fiscal Stress Monitoring System – Municipalities: Fiscal Year 2022 Results, September 2023

This snapshot highlights the results for counties, cities, towns and villages that reported for local fiscal years ending (FYE) in 2022. Overall, the influx of federal pandemic relief aid, as well as robust sales tax revenues, were significant factors in lowering many municipalities’ fiscal stress scores in FYE 2022, especially for non-calendar year entities. Included in the report is an analysis of the 10 years of data collected since the launch of the system, focusing on what has been learned over the past decade.

Nondiscretionary Spending and Budgetary Management

New York City is planning drastic steps to reduce City-funded spending by as much as 15% in response to substantial budget gaps fueled by escalating costs in the years ahead. This report urges the City to provide greater transparency on nondiscretionary costs that it does not have direct control over to help the public, policymakers and its funding partners understand what’s at stake.

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DiNapoli Announces Latest Fiscal Stress Scores With Analysis of 10 Years of Fiscal Monitoring System Data

A total of 14 local governments in New York State ended their fiscal year 2022 with a fiscal stress designation, down from 20 a year ago, State Comptroller Thomas P. DiNapoli announced today. Of the 14, nine were announced today. These determinations were based on the State Comptroller’s Fiscal Stress Monitoring System (FSMS) scores released today and highlighted in a report.

2023 Financial Condition Report
For Fiscal Year Ended March 31, 2023

Data Sources

  • City University of New York
  • College Board
  • Federal Reserve Bank of New York
  • Fitch Ratings
  • IHS Markit/S&P Global
  • Internal Revenue Service
  • Moody’s Investors Service
  • National Student Clearinghouse Research Center
  • NYS Department of Corrections and Community Supervision
  • NYS Department of Health
  • NYS Department of Taxation and Finance
  • NYS Department of Transportation
  • NYS Division of Criminal Justice Services
  • NYS Division of the Budget
  • NYS Education D
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