Thursday, June 12, 2025

Office of the New York State Comptroller DiNapoli Urges Caution on NY's Enacted Budget Amid Federal Uncertainty

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Dear Friends,

This year, state budget negotiations unfolded amid a rapidly shifting federal landscape, heightening uncertainty regarding the economy, financial markets and federal funding.  As state officials seek to project the impact of federal actions, concern over those effects has continued to grow.

Over the past few months, my Office has been looking at the possible impacts of federal changes on the state’s financial health, most recently with our Enacted State Budget Report. In addition, we have published several other reports focused on potential implications of these changes, which are detailed below.

The Office of the State Comptroller will continue to monitor the impacts of federal changes as we report on the state’s fiscal condition, make recommendations to improve government operations and provide assistance to local governments and school districts.

Thank you for your engagement in these critical issues for our state. I hope you will keep in touch by subscribing to our weekly newsletter.

Sincerely,

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Thomas P. DiNapoli
State Comptroller

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