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New York State UI Trust Fund Owes Washington $9 Billion

A historic surge in unemployment claims at the onset of the pandemic depleted the State’s resources, and the State borrowed billions from the federal government to pay claims.

Open Book New York

SEARCH STATE AND LOCAL GOVERNMENT FINANCIAL RECORDS

Comptroller DiNapoli wants New Yorkers?to know how their tax dollars are spent. Without transparency in government, there cannot be accountability. Open Book New York provides?comprehensive financial data on State contracts, payments, spending and more.


Upstate Transportation Authorities Suffer Revenue Plunge

ECONOMIC AND POLICY INSIGHTS

The COVID-19 pandemic created unprecedented challenges for the State’s regional transportation authorities by disrupting operations, decreasing ridership, and severely reducing revenues; however, these authorities reported that federal aid helped them weather pandemic deficits. If ridership continues to languish and does not return to pre-pandemic levels, the authorities will need additional revenue from other sources to continue to provide services at current levels—or may be faced with limiting services.