Reports

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

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.

Economy

March 2021 —

Overall sales tax collections for local governments declined by 4.2 percent in February compared to the same month in 2020. Collections totaled nearly $1.3 billion, down $55 million from February of last year. Collections are down $2.2 billion, or 12 percent, for the past 12 months (March 2020 – February 2021), compared to the same 12 months ending February 2020.

Regional Table [.xlsx]

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 —

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

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 —

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.

Budget & Finances

February 2021 —

Local government sales tax collections statewide were down 5.9 percent in January compared to the same time last year, State Comptroller Thomas P. DiNapoli announced. Collections totaled $1.5 billion, down $95 million from January 2020.

Regional Table [.xlsx]

Economy, Federal Issues

February 2021 —

Although New York City was an early epicenter for COVID-19, only 45.6 percent of firms in the City received Paycheck Protection Program (PPP) loans, below the national average of 50.9 percent.

Budget & Finances, Economy

February 2021 —

Unemployment rates for New York State, New York City and the balance of the State spiked upward in April 2020. At that point, and in the months immediately before, the percentages of officially unemployed workers in the City and in the rest of the State were nearly identical — but those numbers have since diverged sharply.

Budget & Finances, Environment

January 2021 —

As DEC now enters its second half-century, its mission is broader than ever before. Wide-ranging laws to address climate change and major initiatives to assure clean drinking water are just some of the new tasks DEC has been assigned in the last few years, adding to an already long list of environmental planning, regulatory and management programs — all of which are important to our quality of life and the State’s economy.

Budget & Finances, Economy

January 2021 —

The economic outlook contained in the Governor’s Executive Budget proposal for State Fiscal Year 2021-22, released this week, anticipates continuing but slow improvement for employment and other economic indicators, as well as tax revenues.

Budget & Finances

January 2021 —

DiNapoli's office issues a state cash report every month identifying actual state revenues and spending from the prior month. The cash report focuses primarily on the General Fund and All Governmental Funds. The General Fund is the major operating fund of the state. All Governmental Funds includes General, Special Revenue, Debt Service and Capital Projects funds, as well as funds from the federal government.

Previous Monthly Cash Basis Reports

Budget & Finances, Economy

January 2021 —

New Yorkers’ average student loan balance rose by 3.9 percent from the previous year to $37,600 as of June 2020, according to newly available data from the Federal Reserve Bank of New York.