Reports

All Governmental Funds tax collections through the third quarter of State Fiscal Year (SFY) 2013-14 were $534 million lower than projected in the most recent update to the SFY 2013-14 Enacted Budget Financial Plan released in November 2013.

The Office of the State Comptroller received and acted on 22,794 contract transactions in the 2013 calendar year. The average time from submission to final sign-off was 11.2 days. Over three-quarters of these transactions (79 percent) representing over 80 percent of the total contract dollar values were reviewed by OSC in 15 days or less, and an additional 15.8 percent were processed in 16-30 days.

Tax “check-off” programs provide a means for taxpayers to make voluntary contributions for various causes as part of their federal and State income tax filings simply by marking an appropriate box on their tax forms.

School districts are facing a set of unique fiscal challenges that have left many tightening their belts even as the economic recovery has begun to improve New York State finances.

Recent audits of dual employment in six State entities found that managers and supervisors failed to monitor employee time and attendance. At every agency where auditors found employees who violated time and attendance policies, there were also supervisors and managers who didn’t know where their employees were or who allowed employees to misrepresent the hours worked.

State and local public authorities and related entities make up an increasingly large and influential sphere of government in New York State.

This Report on Estimated Receipts and Disbursements for State Fiscal Year (SFY) 2013-14 through SFY 2015-16, issued pursuant to Section 23 of the State Finance Law (as amended by Chapter 1 of the Laws of 2007), is intended to enhance analysis and discussion of the State’s economic condition and the State Budget.

Midway through State Fiscal Year (SFY) 2013-14, overall tax collections are slightly below the latest Division of the Budget (DOB) projections included in the First Quarter Update to the SFY 2013-14 Enacted Budget Financial Plan.

The Comprehensive Annual Financial Report for the New York State and Local Retirement System (the System or NYSLRS) for the fiscal year ended March 31, 2013.

New York State has had a long history of structural budgetary imbalance and multibillion dollar out-year deficits. However, progress toward long-term budget balance has been made over the last three years.

The Comprehensive Annual Financial Report for the State of New York for the fiscal year ended March 31, 2013.

New York State’s economy, like that of the nation, has taken a roller coaster ride since the start of the 21st century. The national recession of 2001 and its aftermath hit the Empire State with job losses proportionally larger than those in most states. Following more than five years of steady recovery from the 2001 downturn, New York was again hit hard by the Great Recession – losing more than 300,000 jobs in 2008 and 2009.

The Power Authority of the State of New York is the largest public power utility in the United States, and its operating expenditures ranked third among New York State authorities in 2012.

The State’s All Governmental Funds tax collections through the first quarter of the 2013-14 fiscal year were $321 million higher than projected in this year’s Enacted Budget Financial Plan.

After many years of structural budgetary imbalance, New York State has made strides toward achieving equilibrium between recurring revenues and ongoing expenditures.

The Office of the State Comptroller recommends that, before State agencies are authorized to use P3 financing, policy makers should first develop a better  understanding of the potential costs and benefits of this approach. This report identifies a number of the risks  associated with privately financed infrastructure agreements and suggests ways to reduce such risks.

The Executive’s proposal could move toward increased private control over the provision of power on Long Island.

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 (or firms) that are asset managers, investment banks and financial and professional service firms with the opportunity to offer services to fiduciary-controlled entities established by New York State law.

In 2012-13, vendors were paid interest totaling $2,552,297, representing an increase of $627,035 above the prior year. 

More than a decade ago, New York became the fourth state in the nation to extend in-state college tuition rates to undocumented immigrant students. Today, approximately 8,300 such students attend public institutions of higher education throughout New York.

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