Reports

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Budget & Finances

September 2023 —

Despite significant uncertainty caused by inflation and other factors, State Fiscal Year (SFY) 2022-23 reflected continuing recovery from COVID-19 and economic growth. 

Economy, Education, Health & Welfare, Infrastructure, Transportation

September 2023 —

This report examines comparative data for 10 rural counties in New York to identify challenges faced by these communities and others like them, as well as opportunities. Population, employment, housing and other trends were considered, and these findings can be used as a baseline from which future trends can be measured. The median age of people living in these 10 rural counties increased at nearly twice the rate of the State between 2011 and 2021 while simultaneously population numbers declined. In some areas, accessing employment, health care, food, educational opportunities and services can be difficult.

Budget & Finances, Environment

September 2023 —

As required by Section 196 of the Navigation Law, the Comptroller prepares an annual report to the State Legislature and the Governor. The report includes: a description of the costs and damages paid by and recovered for the Fund; the monies spent pursuant to Section 186 (including amounts spent for oil spill prevention, training activities and equipment purchased), and the economic and environmental impacts on the State.

Environment, Pension & Retirement

September 2023 —

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.

Unclaimed Funds

September 2023 —

State Fiscal Year 2022-23 was another productive year for the Office of Unclaimed Funds, returning $406 million to rightful owners.

Fraud & Waste

September 2023 —

The New York State Legislature amended the State Finance Law in 2015 by adding a new Section 8-c providing for the establishment of a statewide electronic system to help detect and prevent fraud, waste and abuse in government spending and to help avoid improper payment of public funds.

Health & Welfare

August 2023 —

From 2010 through 2021, the percentage of New Yorkers without health insurance declined every year to 5.2% in 2021, well below the national average of 8.6%. Rates of uninsured New Yorkers are lower than the nation largely due to the State’s higher rates of enrollment in public health insurance programs, which provided coverage to 4 in 10 New Yorkers in 2021. As the State begins reprocessing eligibility determinations for public health insurance, continued transparency and reporting will be essential for understanding the implications for coverage rates and on the State’s budget.

Economy, Environment, Infrastructure

August 2023 —

New York State will have to take multiple steps to increase renewable electricity generation to achieve the objectives of the Climate Leadership and Community Protection Act. Success will also require State agencies to consistently and proactively identify and address problems, continue streamlining permit and interconnection study procedures, and develop the necessary infrastructure to connect renewable projects to the grid and New Yorkers' homes.

Budget & Finances, Procurement

July 2023 —

The Procurement Stewardship Act Report is prepared annually by the Office of the New York State Comptroller as required by New York State Finance Law, Section 163.14. The Report provides information on state agency contracts, agency purchases from centralized contracts, bid protests and use of consultants during the past fiscal year.

Budget & Finances

July 2023 —

The Division of the Budget’s State Fiscal Year (SFY) 2023-24 Enacted Budget Financial Plan shows looming budget gaps totaling $36.4 billion through SFY 2026-27. The deteriorating fiscal outlook is rooted in several factors, including anticipated revenue declines from a weakening economy and a volatile stock market, and increases in recurring spending. State leaders must take action to align recurring revenues with recurring spending, with an eye toward preserving the economic competitiveness of our State and equality of opportunity for all New Yorkers.

Economy

July 2023 —

State tax receipts totaled $27.6 billion through the first quarter of State Fiscal Year 2023-24, $450.8 million higher than estimates released in the Division of the Budget’s Enacted Budget Financial Plan. However, collections were $6.8 billion lower than last year through the quarter ending in June 2022.

Environment, Pension & Retirement

July 2023 —

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.

Economy, Infrastructure

July 2023 —

New York will receive nearly $665 million as part of recent federal investments to improve broadband data, affordability, access and availability. New federal funds present an opportunity for the State to improve the availability of reliable, high-speed service to unserved and underserved areas, and the State must now craft a plan that is ambitious, actionable and accountable for meeting this objective.

Procurement

May 2023 —

For State Fiscal Year (SFY) 2022-23, agencies paid vendors $4,087,280 in interest, an increase of $3,081,904 (approximately 307 percent) from SFY 2021-22.

MWBE, Pension & Retirement

May 2023 —

The New York State Minority- and Women-Owned Business Enterprise (MWBE) Asset Management and Financial Institution Strategy (Chapter 171, Laws of 2010) was enacted to codify and replicate best practices for providing MWBEs that are asset managers, investment banks and financial and professional service providers with the opportunity to offer services to fiduciary-controlled entities established by New York State law.

Procurement

May 2023 —

Of the total contracts reported by State agencies in 2022, 58 percent were processed after their start or renewal dates. This represents no change from 2021.

Economy, Infrastructure

May 2023 —

The number of New Yorkers earning less than $20,000 with a broadband subscription rose from 64% to 76% between 2019 and 2021 as a result of two federal programs created to address disparities in access to high-speed internet. More than 1.3 million New York households are receiving affordable broadband subscriptions with federal support. In total, more than 90% of all New York households had access to broadband in 2021, up from 86% in 2019.

Budget & Finances

May 2023 —

The $229 billion Enacted Budget for State Fiscal Year 2023-24 includes new recurring spending for schools, mental health services, and health care, as well as resources for the Metropolitan Transportation Authority and for emergency rental assistance. While these and other measures will increase spending, revenues are projected to decrease for the second year in a row, as temporary federal aid is depleted and tax collections decline.

Budget & Finances

May 2023 —

Overtime costs at State agencies rose 47.2% to more than $1.36 billion in 2022, setting a new record. Despite several efforts to bolster the workforce, including salary increases and bonuses for a range of positions including health care workers, attrition of the State workforce accelerated in 2021, and the number of State employees continued to drop in 2022. As the State workforce has been reduced, total overtime hours and earnings have increased.

Economy, Health & Welfare

April 2023 —

New York’s Paid Family Leave (PFL) provides paid time off for eligible employees for bonding with a newborn, or newly adopted or foster child or to care for a family member with a serious health condition. Payments under PFL rose steadily between 2018 and 2021 as the amount of allowable time off and weekly cash benefits increased. Almost eight million workers were covered under PFL, with $872 million paid on approximately 156,000 claims in 2021.