Gotham Gazette

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Tom DiNapoli

Tom DiNapoli

  • 'Mixed Signals': New York City's Precarious Economic Recovery

    There has been a strong return to in-person entertainment in NYC (photo: Michael Appleton/Mayor's Office)


    The New York City economy has rebounded significantly from the depths of the covid recession but volatile economic indicators have left the city in a precarious position.

    As of June, New York City’s unemployment rate reached 6.2%, down from 10.5% in June 2021. The city gained 298,600 private sector jobs from June 2021 to June 2022, reaching 3,951,000 jobs, according to the New York State Department of Labor. Tourism to the

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  • Max Politics Podcast: Comptroller DiNapoli on State & MTA Finances, Penn Station Redevelopment, & More

    Comptroller Tom DiNapoli (photo: @NYSComptroller)


    August 2, 2022 - Comptroller DiNapoli on State & MTA Finances, & More

    New York State Comptroller Tom DiNapoli joined the show to discuss state and MTA finances, the New York economy, use of federal pandemic aid, the Penn Station area redevelopment plan, the New York City budget limbo over school funding cuts, and more.

    Listen to the conversation and let us know what you think, on Twitter @TweetBenMax. You can listen to the show through the embedded audio below or download

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  • What To Do with Billions of Dollars Beyond Projections That Keeps Flowing into New York State Coffers

    Gov. Hochul presents the budget (photo: Mike Groll/Office of Governor Kathy Hochul)


    The State adopted its budget on April 9 with substantial investments across the board in helping New Yorkers, from big increases in school aid and child care to homeowner rebates, gas tax relief for motorists, more funding to avoid evictions, bonuses for health care workers, and relief for hospitals and the health care system. Governor Hochul and the Legislature based the revenue and spending assumptions on an update from the Governor in late February, modified by an early

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  • Experts Analyze Future of New York City's Central Business Districts

    At the stock exchange (photo: Michael Appleton/Mayoral Photography Office)


    The COVID-19 pandemic has wreaked havoc on New York City’s core Central Business Districts – particularly Midtown Manhattan and Lower Manhattan – which are home to the businesses and industries that are the biggest drivers of the city’s economy.

    The lockdown and stay-at-home orders forced by the pandemic changed the nature of work in the city and beyond, and though the office sector – including the information, financial and real estate, and professional and business services industries that occupy so much of the space

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  • Hochul's Ordered Review of New York's Covid Response 'Underway'

    Then-Gov. Cuomo & then-Lt. Gov. Hochul (photo: Darren McGee/Governor's Office)


    An internal review of New York State's response to the COVID-19 pandemic is quietly "underway," a spokesperson for Governor Kathy Hochul has confirmed, though what stage it is in remains unclear.

    The governor's office has been tight-lipped about its scope and timeline but acknowledged that a review is being discussed, at least among top administration officials, in response to Gotham Gazette inquiries. Those questions followed Gotham Gazette reporting last month on the possibility of an investigatory

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  • Bills Stadium Deal Tests Hochul's Ethics Promises and Legislature's Oversight Role

    Gov. Hochul at a Bills game (photo: @GovKathyHochul)


    Last week Governor Kathy Hochul announced a deal to build a new stadium for the Buffalo Bills with hundreds of millions of dollars in state subsidies, and that she was planning to push it through the state budget with little time for scrutiny by the Legislature or public. It was the exact type of Albany politics many feared of the secretive negotiations with Hochul’s hometown team – and the type she promised to leave behind when she took office last year.

    The new stadium deal is also the first major test of a non-binding ...

  • De Blasio Releases Final City Budget Update as Mayor, Setting Fiscal Stage for Adams

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    Mayor de Blasio giving a budget briefing (photo: Rob Bennett/Office of Mayor Bill de Blasio)


    New York City’s budget for the 2022 fiscal year, which began July 1, has increased to a record $102.8 billion, a $4.1 billion uptick since it was first adopted, according to the latest financial update released by Mayor Bill de Blasio on Tuesday. The increase in spending, driven by federal relief and stimulus aid, was accompanied by new savings in agency spending, reduced debt and pension costs, and lower projected budget gaps for the future than previously

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  • 'A Much More Powerful Presence Than Was Appropriate': Tom DiNapoli on Andrew Cuomo's Reign and Resignation

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    Comptroller DiNapoli, right, & Governor Cuomo (photo: governor's office)


    Comptroller Tom DiNapoli, the self-described “steady hand helping the state move along” throughout more than a decade of scandal and turmoil in New York politics, is expressing optimism about the change of leadership expected when Governor Andrew Cuomo resigns and Lieutenant Governor Kathy Hochul becomes the state’s 57th Governor.

    Appearing recently on the Max Politics podcast hosted by Gotham Gazette’s Ben Max, DiNapoli discussed Cuomo’s decade-plus as governor,

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  • Watchdogs Worry About De Blasio's Last Budget, City’s Fiscal Future

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    (photo: Michael Appleton/Mayoral Photography Office)


    New York City’s budget has grown massively under Mayor Bill de Blasio and reached a record high of $98.7 billion for the current fiscal year. The latest spending plan, which the mayor dubbed a “recovery budget,” deployed a huge infusion of federal stimulus funds to restore services that were cut at the height of the COVID-19 pandemic, to expand existing programs, and launch new initiatives. But despite the mayor’s assurances that his successor, due to take office January 1, will inherit manageable

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  • Max Politics Podcast: Tom DiNapoli on the End of the Cuomo Era and What's Next

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    New York State Comptroller Tom DiNapoli (photo: Office of the NYS Comptroller)


    August 13, 2021 - Max Politics Podcast: Tom DiNapoli on the End of the Cuomo Era and What's Next

    New York State Comptroller Tom DiNapoli joined the show to discuss Governor Andrew Cuomo's resignation announcement and tenure, what he is hopeful about moving forward, his relationship with presumptive next governor Kathy Hochul, whether he may run for governor in 2022 himself, and more.

    Listen to the conversation and let us know

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  • After Overstating Budget Deficits, Cuomo and De Blasio Get Big Federal Bailout

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    Governor Cuomo and Mayor de Blasio (photo: Ed Reed/Mayor's Office)


    Governor Andrew Cuomo and Mayor Bill de Blasio have spent many months warning New Yorkers about cratering tax revenues because of the coronavirus pandemic, outlining yawning budget gaps that could force them to make drastic spending cuts to state and city services and lay off thousands of government workers. But while the fiscal future remains uncertain, their worst predictions did not come to pass — revenues were higher than expected and significant federal aid has flowed to New

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  • The Status of $6.5 Billion in Federal Covid Aid to New York City and State as End-of-Year Spending Deadline Looms

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    Gov. Cuomo at a covid briefing (photo: Governor's Office)


    New York City has spent its entire $1.4 billion allocation from the Coronavirus Relief Fund, a key portion of the federal CARES Act relief package that expires at the end of the month. The state government is far from spending its own, much larger allotment from the fund, but officials say it will identify eligible spending without having to return money to the federal government.

    Many other states and localities have been struggling to distribute the funding, wrangling with strict

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  • What's At Stake for New York City in the 2020 Presidential Election

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    Joe Biden, with Andrew Cuomo (photo: governor's office)


    The country will be watching, and voting, with bated breath on Tuesday as the most consequential presidential election in decades nears conclusion. More than 84 million Americans have already cast their ballots in early voting and turnout is expected to break records despite the lingering coronavirus pandemic. 

    There’s much at stake for New York City in this election and it’s an understatement

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  • Low Four-Year CUNY Graduation Rate Linked to Limited Course Seats

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    (photo: City University of New York)


    Attaining a bachelor’s degree takes longer than four years for some full-time CUNY students who are unable to register for required and elective courses due to insufficient seats, a problem whose scope was revealed in a new audit by New York State Comptroller Thomas DiNapoli. Delaying graduation is time consuming, expensive, and can mean no

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  • With No Relief from Washington in Sight and Billions in Budget Cuts Looming, What Can New York State Do?

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    Gov. Cuomo delivers a budget address (photo: Darren McGee/Governor's Office)


    Despite pleas from New York Governor Andrew Cuomo and state and local government leaders across the nation for major new federal help for budgets devastated by the COVID-19 recession, there is still no clear path to Washington acting quickly to provide financial relief. 

    Although on May 15 the House of Representatives, with its Democratic majority, passed a $3 trillion aid bill for the country that included $1 trillion for state and local governments, President

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  • Coronavirus Crash Prompts Renewed Calls for New York Divestment from Fossil Fuels, But Comptroller Stands Pat

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    A protest to push for New York pension system divestment from fossil fuel stocks (photo: @350)


    The oil and gas industries are experiencing significant upheaval as the coronavirus pandemic decimates economies across the globe. The price of crude oil in the United States temporarily fell below $0 per barrel for the first time ever last month, prompting renewed energy among activists and elected officials in New York who want to rid the state pension fund of all investments in the fossil fuel industry.

    But the one person they must convince, State Comptroller Tom DiNapoli,

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  • Max & Murphy Podcast: Coronavirus' Impact on State Finances, with Comptroller Tom DiNapoli

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    State Comptroller Tom DiNapoli on state finances (photo: Governor's Office)


    March 18, 2020 - Max & Murphy Podcast: Coronavirus' Impact on State Finances, with Comptroller Tom DiNapoli

    tom dinapoli wbai317New York State Comptroller Tom DiNapoli joined the show to discuss how the coronavirus crisis may impact state finances and more. The comptroller talked with us just after his

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  • ‘Possibility of a Prolonged Recession’: Coronavirus Could Wreak Havoc on City, State Budgets

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    Major challenges now & ahead for Mayor & Governor (photo: Rob Bennett/Mayor's Office)


    New York has weathered financial storms before, including after the 2008 recession and the September terror attacks in 2001. But the COVID-19 pandemic threatens to eclipse the scope of both those emergencies. The fiscal impact on the economy is impossible to predict with any certainty but suffice it to say, it will put a major dent in the city’s and state’s budgets for the coming fiscal year.

    In January, Governor Andrew Cuomo ...

  • New York City Economy Continues Setting Records, But Slower Growth Expected

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    (photo: Michael Appleton/Mayoral Photography Office)


    New York City has experienced a remarkable and extended economic recovery since the devastation wrought by the global recession, with job growth continuing at levels higher than the state and the entire country, according to the latest report from State Comptroller Thomas DiNapoli. But the New York City Independent Budget Office, a fiscal watchdog agency, predicts that job growth in the city will sharply decline over the next two years across all private sector industries as the national economy

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  • Final Signature Allows Implementation of Cuomo-DiNapoli Agreement to Restore Certain Contract Oversight Powers

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    Cuomo & DiNapoli (photo: Governor's Office)


    A resolution has finally been reached around how to deal with a thorny issue involving Governor Andrew Cuomo, contracting oversight, and the corruption that plagued some of the governor’s biggest economic development initiatives.

    As of December 31, all relevant parties have agreed to comply with an August agreement between Cuomo and state Comptroller Thomas DiNapoli restoring the comptroller’s oversight of some large contracts entered into by SUNY and CUNY and their affiliates, and by the Office of General

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  • 'It's What I Was Elected To Do': State and City Leaders Take Different Approaches to Pension Fund Divestment from Fossil Fuel Companies

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    Mayor de Blasio & Comptroller Stringer (photo: Benjamin Kanter/Mayor's Office)


    Amid the larger discussion about addressing climate change before it’s too late, debate is raging in New York over whether government-run and -affiliated pension funds worth hundreds of billions of dollars and responsible for payments that support hundreds of thousands of retirees should divest from fossil fuel company stock.

    Advocates, elected officials, and others have been pushing at the city and state levels for full divestment so that the pension funds

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  • Report Shows Nation-Leading Extent of New York's Nonprofit Sector

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    (photo: William Alatriste/New York City Council)


    New York has the largest nonprofit sector in the country, according to a new report from state Comptroller Thomas DiNapoli.

    In 2017, New York nonprofits boasted over 1.4 million jobs and $78 billion in employee wages, both top marks across the United States, according to DiNapoli’s report released Tuesday. Between 2007 and 2017, the state added 175,000 jobs in the nonprofit

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  • After Major Tax Revenue Drop, a ‘Positive Note’ & Much Uncertainty for State Fiscal Picture

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    Budget Director Mujica, Gov. Cuomo, Comptroller DiNapoli (photo: governor's office)


    New York’s tax revenue fell by $3.7 billion, a 4.7% decline, in the 2019 fiscal year that ended March 31, according to the cash report released Friday by State Comptroller Tom DiNapoli. A drop was expected in projections made last year, but not to the degree it occured, setting off alarm bells earlier this year as the state started to see apparent effects of New York taxpayer behavior resulting from the new federal tax code. The state's latest projections from February did,

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  • Uncertain Future for Secretive State Pork Program Tied to Renegade Democrats

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    Cuomo and Klein (photo: governor's office)


    Few New York residents have probably heard of the State and Municipal Facilities Program, or SAM, but in recent years, it has been one of the top avenues by which state lawmakers “bring home the bacon,” providing many millions of dollars in funding for district projects. Otherwise known as “pork,” these projects include things like new or renovated parks, schools, libraries, and more, with far greater funding going to legislators based on their political power.

    However, in this year’s

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  • Report Undercuts Cuomo and DiNapoli Claims of Outmigration Because of Federal Tax Law

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    Gov. Cuomo, middle, and Comptroller DiNapoli, right (photo: Governor's office)


    In the last few months, Governor Andrew Cuomo and State Comptroller Tom DiNapoli have raised red flags about the impact of the 2017 federal tax overhaul ushered through by President Trump and Republicans in Congress. Chiefly, they said that a new $10,000 cap on the State and Local Tax (SALT) deduction has led to a massive drop in revenue and is likely being accompanied by increased outmigration of high-earning New Yorkers to states with lower taxes.

    But

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