2015 Financial Condition Report

For Fiscal Year Ended March 31, 2015

2015 Financial Condition Report

For Fiscal Year Ended March 31, 2015

Message from the Comptroller

I am pleased to present the State of New York's Financial Condition Report for the fiscal year ended March 31, 2015.

After closing deep projected budget gaps just a few years ago, New York State has continued to improve its short-term financial condition. The State's General Fund ended SFY 2014-15 with its highest closing fund balance in at least two decades, thanks in large part to an extraordinary inflow of one-time resources from financial settlements.

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About this Report

This report provides citizens with an overview of the financial condition of New York State. It presents selected financial, economic, and demographic information in an easy-to-understand format.

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