Sunday, February 1, 2026

Office of the New York State Comptroller Dinapoli - This Week: Federal Actions Threaten New York's Farms

 

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Federal Actions Threaten New York's Farms

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New York farmers are under increasing economic and financial pressure because of federal policy changes, including higher tariffs, cuts to certain agricultural programs, and stricter immigration enforcement policies, according to a report released by Comptroller DiNapoli. These challenges could diminish farm production, squeeze profits, and lead to higher prices for consumers.

“There is real concern in rural New York about federal cuts, tariffs and labor shortages,” said DiNapoli. “New York’s farms are a vital part of the state’s economy and our local food supply, and we need policies that strengthen, not undermine their production and that lower, not drive up, prices in the grocery store.”

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NYC's Open Streets Program Supported Retail and Restaurant Job Recovery

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New York City’s Open Streets program, initiated in 2020 to transform streets into public spaces, partly to support local businesses during the COVID-19 pandemic, helped support the recovery of more than 67,000 retail and restaurant jobs between the first and most recent year of operation, though the gains were concentrated in areas of Manhattan and Brooklyn, according to a report released by Comptroller DiNapoli.

“The Open Streets program provided an outlet for residents, businesses, and community partners to congregate safely during the pandemic, and continues to encourage foot traffic to support shopping, dining and other activities in many parts of the city,” DiNapoli said. “Still, there are further steps the city could take to help improve the program’s reach and effectiveness.”

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NYS Retirement Fund Earns Top Marks in Recent Review

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Under Comptroller DiNapoli's leadership, the New York State Common Retirement Fund has been recognized as one of the best funded, best-managed in the country. A newly released independent review confirmed that the $290 billion fund operates with the highest levels of ethics and professionalism. 

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