Reports

As New York State grapples with cost-effective solutions for its estimated $250 billion in infrastructure needs over the next 20 years, this report examines both the opportunities that public-private partnerships offer as well as the underlying financial risks associated with forming those partnerships.

While LIPA appears to have adhered to established storm protocols in response to Hurricane Earl, opportunities exist to improve these policies and procedures.

Over the past ten years, New York has spent $63.2 billion to support its capital program. Despite this significant investment, there are many critical capital needs across the State that remain unmet, calling into question the adequacy and effectiveness of the current capital planning and financing process.

This Report on Estimated Receipts and Disbursements for State Fiscal Year (SFY) 2010-11 through SFY 2012-13, issued pursuant to Chapter 1 of the Laws of 2007, is intended to facilitate continuing discussion of the State’s economic condition and the State Budget.

The growth in the number, cost and influence of public authorities has necessitated increased oversight and disclosure of their activities.

As New York State struggles to meet the challenges of its current fiscal crisis, State policy makers must find ways to encourage growth in various sectors of the State’s economy to ensure the long-term fiscal health of the State. Small businesses – including those owned by minorities and women – are a vital part of that economy.

The United States is slowly recovering from the worst recession in decades, which was precipitated by high-risk lending practices.

New York State's Farmland Protection Program was created in 1992 to preserve high quality working farmland and to reduce pressures on farm families to sell their lands and leave the farming industry. Counties and towns receive financial support from the program to develop farmland protection plans and to purchase development rights on farmland.

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, 2010.

Unlike the State and local governments, New York State’s public authorities are permitted to structure bond issues with the payment of principal heavily weighted to the end of the repayment schedule.

New York continues to struggle with the fiscal challenges associated with the worst economic crisis since the Great Depression. 

By any measure, New York’s economy depends heavily on small businesses. Using the definition established by the federal Small Business Administration (SBA)—any firm with fewer than 500 employees—small businesses account for more than half of all private sector jobs and the vast majority of the private sector firms in New York.

As with other states, New York State has struggled with the lasting effects of the nation’s longest recession since the Great Depression of the 1930s.

The Comprehensive Annual Financial Report for the State of New York for the fiscal year ended March 31, 2010.

In New York State, higher education is a major industry. The State’s 269 degree-granting colleges and universities employed 266,110 people and paid out $13.2 billion in wages in 2009.

The 2010-11 State Fiscal Year (SFY) began more than 100 days ago, but the State budget is still incomplete. Since March, the Executive has proposed and the Legislature has enacted 12 temporary spending bills to allow governmental functions to continue during the budget delay.

In 2009, the Division of State and Local Government Accountability in the Office of the State Comptroller audited State agency and municipal government implementation of programs funded by the Environmental Protection Fund (EPF or Fund), a dedicated fund that provides support for State and municipal parks, municipal recycling programs and control of water pollution, as well as the majority of State support for conservation of open space and other important environmental programs.

The proposed State Fiscal Year (SFY) 2010-11 Executive Budget released in January projected a five-year cumulative current services deficit exceeding $60 billion.

In State Fiscal Year (SFY) 2009-10, All Funds spending for New York State amounted to $126.9 billion. Of this amount, approximately $38.4 billion or 30.2 percent was spent on Medicaid.

While the State ended State Fiscal Year (SFY) 2009-10 with a positive General Fund balance and all restricted reserves intact, this was accomplished because the Executive delayed $1.1 billion more in payments than had been anticipated in February.