Reports

The Asian community is the fastest growing racial or ethnic group in New York State. The number of Asian New Yorkers (1.8 million) has more than doubled since 1990, and Asians accounted for 9 percent of the State’s population in 2014.

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This report by the Office of the State Comptroller on use of overtime by New York State agencies examines patterns over the past nine calendar years. The total cost of overtime in calendar year 2015 was more than $716 million covering roughly 16.8 million overtime hours worked.

Total local sales tax collections in New York State grew by $552 million, or 3.6 percent, from 2014 to 2015 This was stronger than the 3.0 percent increase in the prior year. New York City sales tax collections grew by 7.3 percent, or $487 million, about half of which was due to an adjustment for incorrect payments in previous years. Excluding New York City, growth in local sales tax collections was 0.7 percent, with 30 of 57 counties outside of New York City having declines in their 2015 sales tax collections.

In 2015, OSC completed 23 audits of expenses submitted to SED by preschool special education providers. These audits have cumulatively identified over $10 million in disallowances, or about 3.4 percent of the total claimed expenses of almost $301 million for the audit period. 

On November 12, 2015, the City of New York submitted a revised four-year financial plan (the “November Plan”) covering fiscal years 2016 through 2019 to the New York State Financial Control Board. The November Plan reflects relatively small technical adjustments since the budget was adopted in June 2015.

New York offers a wide variety of sporting opportunities for the almost two million men and women who hunt, fish and trap in the State. More than 90 percent of New Yorkers who engage in these activities participate in fishing or in both hunting and fishing, while 9 percent participate in hunting exclusively.

New York State offers a variety of programs, services and benefits for the nearly 900,000 veterans living in the State. These programs are intended to help veterans address any challenges they may face as a result of their military service, while honoring their dedication and the sacrifices they have made on behalf of our country.

This Report on Estimated Receipts and Disbursements for State Fiscal Year (SFY) 2015-16 through SFY 2017-18, issued pursuant to Section 23 of the State Finance Law, is intended to enhance analysis and discussion of the State’s economic condition and the State Budget.

New York City, like the nation, has been built by immigrants. People from around the world have come to New York City seeking the freedoms and opportunities woven into the American dream.

The fiscal relationship between the federal government and the states has been a topic of debate since the founding of our nation.

Excel file with supporting data

The State’s cash position continues to improve, as illustrated by the $10.7 billion balance in the General Fund through the middle of State Fiscal Year (SFY) 2015-16.

Between 1990 and 2014, the Hispanic and Latino population in New York State grew by 66 percent, reaching nearly 3.7 million (19 percent of the population). Nearly half of Hispanic New Yorkers (including Latinos) were born in New York State, and more than three-quarters are United States citizens by birth or naturalization.

In the seven years since the 2008 financial crisis, regulations designed to increase stability and transparency in the financial system have changed the way the securities industry operates.

The State Health Innovation Plan, New York’s roadmap for achieving the “Triple Aim” of better care, better population health and lower health care costs, describes the prevalence of diabetes as “arguably our biggest looming health challenge.”

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, 2015.

On July 22, 2015, the Metropolitan Transportation Authority (MTA) released a preliminary budget for 2016 and an associated financial plan (the “July Plan”). The July Plan shows that the short-term outlook for the MTA’s operating budget has improved with the economy, but the 2015-2019 capital program still has a $9.8 billion funding gap.

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.

Declining trends in the horse racing industry and an increase in gaming options have taken their toll on OTBs. With the advent of commercial casinos in the State, policymakers have an opportunity to re-examine the viability of OTBs and how they fit into State-authorized gambling.

In September 2015, OSC released the third annual set of Fiscal Stress Monitoring System (FSMS) scores for all municipalities that have fiscal years that operate on a calendar year basis. This includes all 57 counties outside of New York City, all 932 towns in the State, 44 cities and 10 villages – a total of 1,043 municipalities. Since the FSMS now encompasses three years of data for these "calendar year" municipalities, it is possible to start to discern trends in the financial performance of these local governments. 

The Comprehensive Annual Financial Report for the State of New York for the fiscal year ended March 31, 2015.