Reports

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

Environment, Pension & Retirement

January 2019 —

As Trustee of the New York State Common Retirement Fund, I have a responsibility to safeguard the Fund’s investments, which I manage for the benefit of the more than one million participants in the New York State and Local Retirement System.

Budget & Finances, Economy

December 2018 —

New York City’s economy is strong and continues to set new records. It added 715,000 jobs between 2009 and 2017, the largest and longest job expansion in the post–World War II period. Employment reached a new record of 4.4 million in 2017, 615,000 higher than the prerecession peak. Although job growth has slowed, the City is still on pace to add another 72,000 jobs in 2018. The unemployment rate fell to 4 percent in October 2018, the lowest monthly rate in 42 years.

Environment, Infrastructure, Public Authorities

December 2018 —

Local governments or public authorities own 20 of the State’s 27 municipal solid waste landfills, the type of landfills that take in most of what we typically think of as “garbage”—residential, commercial and institutional waste. This report examines the role of local governments in solid waste management, with particular attention to the issues they confront as municipal solid waste landfill owners.

Budget & Finances

November 2018 —

This Report on Estimated Receipts and Disbursements for State Fiscal Year (SFY) 2018-19 through SFY 2020-21, 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.

Economy

October 2018 —

Job markets go through cycles of ups and downs. Further, within New York State, employment trends can be very different from one region to another. But, over the last ten years, at least one sector – health care – has established a consistent pattern of growth across the State.

Budget & Finances, Infrastructure, Transportation

October 2018 —

The Metropolitan Transportation Authority (MTA), which operates the regional transportation system in the New York City metropolitan area, is facing its greatest challenge in decades.

Budget & Finances, Federal Issues

October 2018 —

In 2009 and 2010, President Obama and Congress enacted two major laws—the American Recovery and Reinvestment Act, and the Affordable Care Act—that provided significant new funding to help New York and other states provide essential services to the people.

Excel file with supporting data

Budget & Finances, Pension & Retirement

September 2018 —

 

The Comprehensive Annual Financial Report (CAFR) for the New York State and Local Retirement System (the System or NYSLRS) for the fiscal year ended March 31, 2018.

Budget & Finances

September 2018 —

The Fiscal Stress Monitoring System (FSMS) annually assesses fiscal stress in local governments and school districts. This report summarizes the fiscal and environmental results of all 1,589 New York counties, cities, towns and villages for their fiscal years ending in 2017.

Economy

September 2018 —

Staten Island is one of the five boroughs that make up New York City. It is the least populous and most suburban, with one-third of its acreage dedicated to parks and recreation, and is often called the City’s “Greenest Borough.”

Budget & Finances

September 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.

Economy, Environment

September 2018 —

New York is home to over 35,000 farms, covering approximately 7.3 million acres or nearly a quarter of the State’s total land area.

Wall Street

September 2018 —

Securities industry pretax profits grew by 42 percent in 2017 on higher revenue from core activities. That momentum has carried into 2018, with profits rising by 11 percent during the first half of 2018.

Budget & Finances, Health & Welfare

September 2018 —

New York State has a proud history of working to make health insurance coverage as widely available as possible, to promote public health and improve New Yorkers’ quality of life.

Budget & Finances

September 2018 —

The Comprehensive Annual Financial Report (CAFR) for the State of New York for the fiscal year ended March 31, 2018.

Fraud & Waste

September 2018 —

The Enterprise Fraud, Waste and Abuse Prevention and Detection Act (Act) of 2015 (State Finance Law Section 8-c) called for the establishment of a statewide electronic system in New York to help detect and prevent fraud, waste, and abuse in government spending and avoid improper payment of public moneys.

Budget & Finances

August 2018 —

Local sales tax collections in New York State for the first half of 2018 were $8.5 billion, a 6.0 percent increase over the same period last year. This was the highest half-year increase since 2010, growing in every region of the State compared to the first half of 2017. Factors that may have influenced this include the lowest unemployment rate in over a decade, steady wage growth in the first half of 2018 and high consumer confidence.

Budget & Finances

July 2018 —

This report on the use of overtime by New York State agencies examines patterns over the past ten calendar years. The total cost of overtime in calendar year 2017 was more than $761 million, covering roughly 17.5 million overtime hours worked.

Budget & Finances, Economy

July 2018 —

New York City’s economy is strong and continues to set new records. It added 715,000 jobs between 2009 and 2017, the largest and longest job expansion in the post–World War II period. After growing by 81,000 jobs in 2017, employment reached 4.4 million, a new record and 615,000 higher than the prerecession peak. Although job growth has since slowed, the City is on pace to add more than 72,000 jobs in 2018.

Budget & Finances, Procurement

July 2018 —

A number of laws govern the procurement of goods and services. Seeking competition guards against favoritism, extravagance, fraud and corruption. However, there is a well-established exception to these competitive bidding requirements for professional services, such as those rendered by attorneys, engineers or accountants, where cost is only one element that a responsible local official would want to consider. This report discusses some categories of professional services, the costs associated with these services and recent audit findings by OSC about local procurement policies and their implementation. The report also highlights best practices that local governments and school districts can follow that may reduce costs.