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, 2018. While the national economy continues to expand and our fiscal condition is relatively stable, challenges loom on the horizon.
Federal grants, one of the State’s primary revenue sources, make up more than one in every three dollars in the State budget. The potential for substantial cuts to federal aid, particularly for health care, could threaten the State’s ability to maintain essential services. I will continue to report on the fiscal impacts of federal actions and to speak out in defense of our State’s budgetary interests in Washington.
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.