Reports

See Audits to search for audits related to State agencies, NYC agencies, local governments, school districts and public authorities.

Budget & Finances, Economy

May 2021 —

This report details economic impact payments, also known as "stimulus checks," provided to New Yorkers under the Coronavirus Aid, Relief, and Economic Security (CARES) Act and the COVID-Related Tax Relief (CRTR) Act. The report also summarizes the Comptroller’s analysis of the Enacted Budget.

Fraud & Waste

May 2021 —

Identity theft cases surged in New York State in 2020, inflicting financial losses on individuals and threatening disruption to government programs as well as private financial institutions. Identity theft complaints surpassed 67,000 statewide last year, more than four times the annual total from a decade earlier, according to Federal Trade Commission data.

Budget & Finances

May 2021 —

This report examines the use of overtime by New York State agencies over the past ten calendar years. The total cost of overtime in calendar year 2020 reached an all-time high at more than $850 million, covering roughly 19.1 million overtime hours worked.

Environment, Pension & Retirement

April 2021 —

The Corporate Governance Program supports and facilitates the integration of environmental, social and governance (ESG) factors in the Common Retirement Fund’s due diligence process, investment decisions, and performance monitoring program, and provides active stewardship of the Fund’s public equity holdings.

Budget & Finances

April 2021 —

The New York State All Funds Budget for State Fiscal Year (SFY) 2021-22 totals an estimated $212 billion — the largest budget in State history, almost 10 percent greater than the prior year. While the Budget relies on an influx of resources to make significant investments in Education, Medicaid, and for aid for New Yorkers and businesses, it also missed opportunities to correct course on some lingering fiscal deficiencies.

Budget & Finances, Economy

April 2021 —

In 2020, the 10-year period of record growth in tourism came to an end, and the number of visitors to New York City fell by 67 percent to 22.3 million (from 66.6 million in 2019). OSC estimates the industry’s economic impact dropped by 75 percent from $80.3 billion in 2019 to $20.2 billion in 2020.

Environment

April 2021 —

As unprecedented fires burned in the West and powerful storms flattened or flooded homes, businesses and vital infrastructure in every corner of the nation, 2020 painted a vivid picture of the potential for climate change to disrupt our lives. 

Environment, Pension & Retirement

April 2021 —

The Climate Action Plan Progress Report for the New York State Common Retirement Fund highlights the Fund’s recent efforts to address climate risks and opportunities.

Budget & Finances, Infrastructure, Transportation

April 2021 —

The MTA’s capital program for 2020-2024 totals $54.8 billion, by far the largest program in its history. As of December 31, 2020, only 100 of 517 projects had been completed or begun, and most of the rest of the program had been indefinitely suspended.

Budget & Finances, Economy

April 2021 —

To date, New York businesses and not-for-profits have received $51.0 billion of federal Paycheck Protection Program (PPP) loans, low-interest loans first authorized in March 2020 in response to economic hardships faced by these entities due to the pandemic. This report provides a profile of PPP loans by county, industry, and business size.

Budget & Finances, Economy

March 2021 —

New York has recovered less than half the jobs lost between February and April 2020. This report explores the industries leading the recovery, including the leisure and hospitality sector, retail, and construction, and shows which industries continue to lose jobs.

Wall Street

March 2021 —

The average bonus paid to employees in New York City’s securities industry grew by 10 percent in 2020 to $184,000, in line with the city’s most recent 9.9 percent projection, likely allowing the city to meet or exceed its income tax revenue projections in FY2021.

Economy, Transportation

March 2021 —

Comptroller DiNapoli has launched an interactive online tool of subway ridership that details where straphangers are, and are not, returning to the subway system, alongside neighborhood and local demographics, employment and income.

Budget & Finances, Economy

March 2021 —

One year since the onset of the COVID-19 pandemic, 4 out of 5 small businesses continue to report an overall negative impact in their business. This report explores the latest U.S. Census Bureau survey data from New York’s small businesses, the allocation of fiscal relief for New York from the American Rescue Plan of 2021, and the latest figures from the Comptroller’s monthly cash report.

Budget & Finances, Economy

March 2021 —

A year after the first case of COVID-19 was reported in New York State, the economic disruption caused by the pandemic remains severe. One key measure is the total number of New Yorkers claiming unemployment insurance (UI) benefits. The figure remains elevated 11 months after the initial surge of job losses, with 2.4 million claims reported by the U.S. Bureau of Labor Statistics as of mid-February 2021.

Budget & Finances

March 2021 —

The Executive Budget Financial Plan for State Fiscal Year 2021-22 projects that federal operating aid spending in the current fiscal year will total $76.6 billion, an increase of 30 percent over last year. The proposed Budget assumes the State will receive at least $3 billion in unrestricted federal assistance for each of the next two fiscal years. However, that level of funding would not be enough to avert painful spending cuts to local governments, nonprofits and other service providers, or tax increases.

Economy

February 2021 —

As of December 2020, arts, entertainment and recreation employment declined by 66 percent from one year earlier, the largest decline among the City’s economic sectors.

Budget & Finances

February 2021 —

Each year, thousands of New Yorkers take the opportunity, while paying their State taxes, to support a variety of charitable purposes through the State’s personal income tax check-off programs.

Budget & Finances, Economy

February 2021 —

The COVID-19 pandemic ended a period of economic expansion in New York City during which new records for population, tourism, employment, and property values were achieved. As a result, City revenues grew rapidly from FY 2010 to FY 2019, enabling City spending to grow by 55 percent, nearly four times the rate of inflation, and provide a budget cushion of more than 10 percent of City-funded revenues at the start of FY 2020.

Budget & Finances, Economy

February 2021 —

New York ranks seventh among all the states in the percentage of adults who are experiencing food scarcity, at 14 percent compared to the 11 percent national rate, according to the U.S. Census Bureau’s latest Household Pulse Survey.