Reports

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

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

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.

Budget & Finances

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

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.