Reports

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

Procurement

May 2019 —

OSC received 19,651 contract transactions, including both new contracts and contract amendments, valued at $70.87 billion in the 2018 calendar year. The average time from agency contract submission to final sign-off was 6.3 days.

Budget & Finances, Economy

May 2019 —

On April 25, the Mayor released his executive budget for fiscal year (FY) 2020 and the associated financial plan (the “April Plan”). The FY 2020 budget totals $92.5 billion, including $68.2 billion that will be funded with locally generated revenues (i.e., City funds).

Procurement

May 2019 —

In order to ensure contractors doing business with New York State are paid timely, Article 11-A of State Finance Law prescribes timeframes for agencies to prepare and submit vouchers to the Office of the State Comptroller (OSC) for review and approval before payment.

Budget & Finances

May 2019 —

In 2017, the State’s 109 active Industrial Development Agencies reported projects valued at $98.1 billion, with over $750 million in net annual tax exemptions and $8.0 billion in total debt outstanding, including conduit and other debt. They supported 4,385 projects that produced a net total of 198,522 jobs gained since their inception through 2017.

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Education

May 2019 —

Special education programs fulfill a great need across New York State, providing a quality learning experience that addresses individual differences and needs to young people with disabilities.

Economy

May 2019 —

The construction industry lost more than one quarter of its jobs across the nation during the past recession. Although the contraction was less severe in New York State, the industry still lost 15 percent of its jobs between 2008 and 2010.

Economy

May 2019 —

Broadly speaking, Long Island residents enjoy a high quality of life, reflected in high median incomes, relatively low unemployment and crime rates, strong public schools, numerous higher education opportunities and many cultural and natural recreational activities. However, the region's population and economic growth comes with challenges, such as traffic congestion and high property taxes.

Environment, Pension & Retirement

April 2019 —

Statement of Anastasia Titarchuk, Interim Chief Investment Officer, New York State Common Retirement Fund.

Budget & Finances

April 2019 —

This year’s State budget process was complicated by December and January tax revenues falling billions of dollars short of expectations. By the start of the new fiscal year on April 1, the picture was somewhat brighter as a result of stronger than anticipated revenues for the month of March and a higher than expected General Fund balance to begin the new year.

Budget & Finances

April 2019 —

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 2018 was almost $787 million, covering roughly 18.1 million overtime hours worked.

Economy

April 2019 —

New York City is experiencing its largest and longest job expansion since the end of World War II.

Environment, Pension & Retirement

April 2019 —

A report to the Comptroller of the State of New York as the sole trustee of the New York State Common Retirement Fund (the Fund) on how the Fund can best mitigate investment risks stemming from climate change and maximize opportunities from the new, low-carbon economy.

Wall Street

March 2019 —

Securities industry profits in 2018 were 11 percent higher than the previous year, but the average bonus paid to industry employees in New York City declined by almost 17 percent to $153,700.

Economy

March 2019 —

From mom-and-pop corner stores to medical practices to computer software start-ups, small businesses play a vital role in New York’s economy.

Budget & Finances, Economy

March 2019 —

New York City’s economy continues to set records, although external risks are growing. A total of 820,400 jobs were added between 2009 and 2018, the largest and longest job expansion in the post–World War II period. Employment set an annual record of 4.55 million in 2018, 721,800 higher than the prerecession level in 2008.

Economy, Health & Welfare

March 2019 —

Statewide, foreclosure filings fell by 46 percent between 2013 and 2018. Foreclosure rates are highest in the Long Island and the Mid-Hudson regions. Only four counties—Clinton, Putnam, Rockland, and Suffolk—have a foreclosure rate over 1 percent. Other stakeholders are pursuing efforts to reduce harm to local governments and communities caused by “zombie properties.”

Budget & Finances

February 2019 —

State tax revenues in December and January fell far short of earlier projections, making the process of adopting the new State budget more difficult than in the recent past.

Budget & Finances

January 2019 —

Local sales tax collections in New York State were $17.5 billion in 2018, a 5.3 percent increase over the previous calendar year and the third consecutive year that growth in collections improved. Certain economic factors may be contributing to this improvement--more than 62,000 additional New York residents were employed in 2018, total wages for the first two quarters increased by nearly 5.7 percent compared to the same period in the prior year, consumer confidence has remained high and consumer spending has been mostly steady throughout the year.

Budget & Finances, Education

January 2019 —

This report summarizes results of school district scores for the 2017-18 school fiscal year (SY) and compares results to SY 2016- 17.

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.