Reports

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

New York City’s economy is recovering from the recession at a faster pace than the nation and the rest of New York State. In the ten months after December 2009, the City regained 76,300 private sector jobs—about 47 percent of the jobs lost— but the unemployment rate remains high.

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.

The recent financial crisis, which was precipitated by excessive risk-taking, began in the United States but quickly spread across the globe and caused the worst recession since the Great Depression.

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.

Local sales tax collections, including New York City’s, increased by 10.5 percent during the first three quarters of 2010, compared to a 9.0 percent decline in the same period the year before. However, over a third of this growth is due to sales tax rate increases and the extension of the sales tax to additional items in New York City and Nassau County. Adjusting for these tax increases, the growth in sales tax collections to date in 2010 has been about 6 percent.

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

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

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.

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. 

The Metropolitan Transportation Authority (MTA) has long suffered from a structural imbalance between recurring revenues and expenses.

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.

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

New Yorkers plan to spend up to $192 million for back-to-school supplies this year, with approximately 64 percent of this spending ($123 million) driven by school supply lists from their children’s schools.

The Office of the State Comptroller administers the Justice Court Fund (JCF), a sole custody fund established in 1944 into which the revenues generated by the State’s 1,246 town and village justice courts are deposited.