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NYC Puts Federal Funds to Work Quickly to
Shore Up Budget and Drive Recovery
State Comptroller DiNapoli released a report this week examining how New York City used federal funds it received in the wake of the COVID-19 pandemic to replace lost revenue and bolster its economy.
“As State and local governments now face new fiscal uncertainties from rising inflation and a potential recession, the City must closely monitor the shifting fiscal environment to use any remaining funds in ways that continue to boost recovery and avoid spending choices that increase budgetary gaps,” said State Comptroller DiNapoli.
State Comptroller DiNapoli's office has several online tools to track how the City and the State are using COVID relief funds:
Fiscal Cliffs in New York City’s Financial Plan
New York City’s Industry Sector Dashboards
New York State’s COVID Federal Relief Fund Program Tracker
Fiscal Stress on Municipalities Eases, but
State Comptroller DiNapoli Urges Caution
A total of 20 local governments ended their fiscal year in 2021 in some form of fiscal stress, down from 30 a year ago. State Comptroller DiNapoli releases the fiscal stress scores for municipalities twice a year. The scores released this week cover all counties and towns, 44 cities, and 11 villages, and identified eight local governments in stress. “The infusion of aid from the federal government and robust local sales tax revenues helped to put local governments on solid fiscal ground in 2021,” DiNapoli said. “Still, municipalities shouldn’t assume this will last.”
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State Comptroller DiNapoli, St. Lawrence County District Attorney Gary Pasqua and the New York State Police announced that Nancy Berger, 55, formerly the Clerk/Treasurer of the Village of Norwood, was arrested for allegedly stealing $73,725 from the Village.
In August, the Office of the State Comptroller approved 1,555 contracts for State agencies and public authorities valued at $2.7 billion and approved more than 2 million payments worth nearly $10.3 billion. The office rejected 133 contracts and related transactions valued at $727.8 million and nearly 2,800 payments valued at more than $14.3 million, primarily for mistakes, insufficient support for charges, and improper payments. More information on these contracts and payments is available at Open Book New York.
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