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NYS Comptroller

THOMAS P. DiNAPOLI

Publications: Research Reports


2013

2013 Fiscal Profile: City of Rye [Released 12/20/13]

Rye has strong public and private services, including an excellent school system, a vital retail shopping sector and recreational facilities that include parks, beaches, golf and yacht clubs, and nature centers. [read complete City of Rye report - pdf]


2013 Fiscal Profile: City of White Plains [Released 12/20/13]

The full value of property in White Plains dropped by 29 percent between 2008 and 2013, after more than doubling from 2002 to 2008. While cities statewide show slight recovery, White Plains may find dealing with the loss of so much property value a challenge in the future. [read complete City of White Plains report - pdf]


Property Tax Exemptions in New York State [Released 10/23/13]

In 2012, the full market value of all real property in New York State was estimated at $2.5 trillion dollars with about $826 billion exempt from one or more types of taxes. This report explores what tax exemptions are, where they are most prevalent, and what local governments may do to minimize their impact. [read complete Property Tax Exemptions in New York State report - pdf]


Fiscal Stress Monitoring Summary Results: Common Themes for Local Governments with Fiscal Years Ending December 31, 2012 [Released 09/25/13]

This update of the first set of fiscal stress results identifies 14 additional local governments as being susceptible to or in moderate or significant fiscal stress. This brings the total of localities in fiscal stress to 38 of 1,043 with a fiscal year ending December 31. [read complete Summary Results report - pdf]


2013 Fiscal Profile: Town of Colonie [Released 08/27/13]

Despite its strong tax base, the Town of Colonie has struggled financially in the past decade. However, between a series of property tax increases, including a one-time tax in 2009, and an arrangement to have a private contractor operate the Town’s landfill, Colonie experienced a stronger financial position at the end of 2011 than it had seen since 2002. [read complete Town of Colonie report - pdf]


Local Sales Tax Collections Up 5.7 Percent in First Half of 2013; Growth Concentrated Downstate [Released 08/09/13]

Statewide local sales tax collections were stronger in the first half of 2013 than at any point in 2012. [read complete Local Sales Tax Collections report - pdf]


2013 Fiscal Profile: City of Binghamton [Released 07/18/13]

The decline in manufacturing has contributed to the City of Binghamton’s high rates of unemployment and poverty compared to statewide averages. The City must also contend with constraints upon its ability to raise revenues. [read complete City of Binghamton report - pdf]


Fiscal Stress Drivers and Coping Strategies [Released 06/18/13]

Many of New York’s local governments are still struggling with the effects of the recent recession. The following report takes a look at how some of the drivers of fiscal stress have affected counties, cities, towns, and villages. [read complete Fiscal Stress Drivers report - pdf]


2013 Fiscal Profile: City of Watertown [Released 06/12/13]

The City has paid down a significant amount of debt. This, along with the City’s substantial fund balance and a large tax margin, leave Watertown well positioned to cope with current and future fiscal challenges. [read complete City of Watertown report - pdf]


2013 Fiscal Profile: City of Elmira [Released 06/01/13]

The City of Elmira has taken measures to control expenditures through management efficiencies, while still recognizing the importance of investment in infrastructure and economic development initiatives. [read complete City of Elmira report - pdf]


Annual Performance Report on New York State’s Industrial Development Agencies - Fiscal Year Ending 2011 [Released 05/07/13]

IDAs can assist ailing municipalities by encouraging the creation of new businesses or the retention of existing businesses. However, it is vitally important that the granting of tax exemptions for a project will generate an economic benefit in the form of well-paying jobs and/or future new revenues for local governments. In short, incentives should be coupled with performance. [read complete IDA report - pdf] | 2011 Regional IDA Statistics [pdf] | 2011 Regional IDA Statistics - Jobs Created [pdf] | Economic Development Regions of NYS [pdf] | IDA Projects in 2011 [xls]


2013 Fiscal Profile: City of Rochester [Released 03/04/13]

The City of Rochester projects large and growing budget gaps in its 2013-14 through 2017-18 fiscal years. Absent significant spending cuts or increasing revenues, the gaps could cause the City to exhaust its available fund balance within the next two fiscal years. [read complete City of Rochester report - pdf]


2013 Fiscal Profile: City of Syracuse [Released 02/20/13]

The City of Syracuse faces many of the same challenges as other upstate cities. However, a larger than average percentage of its property tax base is either exempt or delinquent and growing fixed costs in the budgets of the City and the dependent school district have created chronic budget gaps. [read complete City of Syracuse report - pdf]


2013 Fiscal Profile: City of Yonkers [Released 02/20/13]

By several measures, Yonkers is better off than many other cities in the State. Despite these advantages, the City has been challenged by significant structural budget gaps and, by the end of its 2011 fiscal year, the City had essentially depleted its general fund reserves. [read complete City of Yonkers report - pdf]


Local Sales Tax Collections Increase by 3.3 Percent in 2012 Signaling Slower Economic Growth in New York [Released 02/14/13]

Sluggish growth in sales tax revenues adds additional pressure to already strained county budgets and to the budgets of other local governments that receive sales tax revenues through sharing agreements. [read complete Local Sales Tax report - pdf] | [read county-by-county data - pdf]


2013 Fiscal Profile: City of Gloversville [Released 02/06/13]

Gloversville faces significant fiscal challenges as it has nearly exhausted its constitutional taxing limit, severely limiting its flexibility to address unforeseen expenses and make ongoing infrastructure investments. [read complete City of Gloversville report - pdf]


2013 Fiscal Profile: City of Utica [Released 01/29/13]

Utica has been in fiscal decline in recent years, relying on non-recurring revenues to fill budget gaps. Its new mayor has vowed to work with the City Council and OSC to ensure that the City remains in control of its own financial future. [read complete City of Utica report - pdf]


Financial Challenges Facing Local Governments: Federal and State Aid Shrink as a Share of Revenues [Released 01/16/13]

From 2001 to 2011, total federal and state aid grew at a rate slower than the rate of inflation. To cover expenses, local governments have been forced to rely more heavily on sales tax and real property tax revenues. [read complete Financial Challenges report - pdf]