Improved Planning Needed for NY to Achieve Its Energy Goals
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The Public Service Commission (PSC) and the New York State Energy Research and Development Authority have taken considerable steps in planning for New York State’s transition to renewable energy but must take stronger action to meet the State’s clean energy goals, according to an audit released by State Comptroller DiNapoli.
The audit found inadequate planning, monitoring and assessment of risks and challenges in the PSC’s efforts to help the State meet the Climate Leadership and Community Protection Act’s (Climate Act) targets, which seek 70% renewably sourced electricity by 2030 and net-zero emissions by 2040.
“New York is moving in the right direction to transition to renewable energy, but we found better planning, monitoring of progress and timely assessment of risks by PSC is needed to achieve our ambitious clean energy goals,” DiNapoli said. “New York has been a leader in its efforts to reduce greenhouse gas emissions and the threats caused by climate change, and identifying existing and emerging challenges will improve the likelihood that we succeed.”
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DiNapoli Releases Report on SFY 2024-25 Financial Plan
New York’s financial outlook is in a relatively stable position, but continues to have a structural budget deficit, with a cumulative three-year budget gap of $13.9 billion forecasted by the Division of the Budget, according to a report by State Comptroller DiNapoli on the State Fiscal Year 2024-25 Enacted Budget Financial Plan. DiNapoli says action is needed to align projected State spending with revenues and address factors that challenge the State’s finances, economic competitiveness, and ability to offer services effectively over the long term.
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1st Quarter State Tax Receipts Modestly Higher Than Division of Budget Projections
State tax receipts totaled $29.9 billion through the first quarter of State Fiscal Year 2024-25, $594 million higher than estimates released by the Division of the Budget in the Enacted Budget Financial Plan. In addition, collections were $2.2 billion higher than those through June 2023, according to the monthly State Cash Report released by State Comptroller DiNapoli.
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Municipal & School Audits
- Town of Stafford
- Town of Lancaster
- Franklin-Essex-Hamilton Board of Cooperative Educational Services
- Rensselaer City School District
- Town of Franklinville
- City of Yonkers
- Village of Elmira Heights
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Comptroller DiNapoli releases report on 2024-25 Financial Plan
Outdated data, inadequate planning harming New York's clean energy transition, NY Comptroller says
DiNapoli: State Tax Receipts From 1st Quarter Higher Than Division of Budget Projections
Tom DiNapoli @NYSComptroller
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