Sunday, February 16, 2025

Office of the New York State Comptroller DiNapoli - State Budget Faces Growing Budget Gaps, Growing Risks

 


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State Comptroller DiNapoli Releases
Executive Budget Report

NYS Capitol Building

In his annual report assessing the proposed Executive Budget, Comptroller DiNapoli identifies risks and concerns that underscore the importance of taking action to address the trajectory of state spending and improve the state’s structural imbalance, while continuing to bolster the state’s rainy day reserves. Cumulative outyear budget gaps projected by the Division of Budget have increased to a total of $27.3 billion through State Fiscal Year 2028-29 and state spending is projected to rise at a rate that outpaces revenues.

“Uncertainty over federal funding and the ending of federal pandemic aid creates an urgent need to strengthen the state’s fiscal position,” DiNapoli said. “Federal funding provides the backbone of the safety net and funds for a wide array of essential services including health care, education, transportation and clean water programs. Potential cuts or significant policy changes in Washington may have a large impact on the state’s finances and on New Yorkers’ quality of life. Preserving state services and maintaining long-term budget balance will require a careful examination of the state’s spending trajectory on major programs in ways that do not harm services, but ensures their long-term fiscal viability.”

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Thousands of State Computers and Other IT Devices Unaccounted for or Stored With Lax Security

The state’s Office of Information Technology Services’ lax inventory records have led to thousands of computers and other costly information technology equipment being unaccounted for, and the agency destroys new and barely used devices rather than donating or selling them, according to an audit released by Comptroller DiNapoli.

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Former Avon Police Chief Pleads Guilty to Stealing Federal Funds

U.S. Attorney Trini E. Ross announced that the former Avon Police Chief pleaded guilty before Chief U.S. District Judge Elizabeth A. Wolford to theft of funds related to a federal program, which carries a maximum penalty of 10 years in prison, and a fine of $250,000.

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Former West Carthage Treasurer Charged With Stealing Thousands of Dollars From the Village

The former Deputy Clerk-Treasurer of the Village of West Carthage was arraigned  for allegedly stealing over $3,000 from the village, Comptroller DiNapoli, Jefferson County District Attorney Kristyna Mills and New York State Police Superintendent Steven G. James announced.

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