New York State Comptroller Thomas P. DiNapoli with a stack of colorful credit cards behind him.

New Yorkers’ Debt Is on the Rise

Average household debt in New York climbed to a new high in 2021 with student loan and credit card debt well above the national average.

A view of new york city skyscrapers

Review of the Financial Plan of the City of New York

NYC SHOULD CONTINUE TO PREPARE FOR SHIFTING FISCAL LANDSCAPE

New York City’s fiscal position has significantly improved since June 2021. However, this was mostly due to unanticipated resources generated from a combination of factors that is not likely to occur at the same level again, and some factors have already begun to reverse. Total revenues are expected to decline by 9.4 percent in FY 2023 due to lower tax revenues and federal aid for COVID-19 relief. In total, OSC calculated risks to the City’s budget that could exceed $2 billion annually by FY 2024. The risk assessment grows to $5.9 billion in FY 2026, which could raise the budget gap in that year to nearly $9.9 billion.


COVID-19 Relief Fund Files

COVID-19 Relief Program Tracker

BILLIONS IN NEW FEDERAL DOLLARS FLOWING TO NEW YORK

This tool monitors spending of federal recovery aid and COVID-19 relief programs in the State. The dashboard explains each federal and State program, and how much has been received and spent to date. The data is updated monthly and New Yorkers can use the tool to understand how federal aid is used and to inform future conversations about budget priorities.


Magnifying glass on stack of books.

Open Book New York

SEARCH STATE AND LOCAL GOVERNMENT FINANCIAL RECORDS

Comptroller DiNapoli wants New Yorkers to know how their tax dollars are spent. Without transparency in government, there cannot be accountability. Open Book New York provides comprehensive financial data on State contracts, payments, spending and more.