DiNapoli Issues Analysis of 2021-22 Enacted State Budget DiNapoli Reports on the Pandemic’s Devastation of NYC’s Tourism Industry The Big Apple’s tourism industry saw a 10-year boom that COVID-19 abruptly halted, leaving New York City’s economy and many residents struggling. The city welcomed a record 66.6 million visitors who generated $47.4 billion in spending in 2019. When visitors dropped by 67% last year, the loss was devastating for individuals and businesses in the tourism and tourism-adjacent industries. The tourism industry is a dynamic ecosystem of attractions—shows, events, shopping and food—glued together by hospitality and transport. DiNapoli has reported on the impact of the pandemic on the restaurant, retail and arts and cuture industries among other economic drivers. DiNapoli’s latest report describes the pandemic’s damage to the hotels and transport sectors, and how the city and state can help with safe reopening by targeting relief funds to workers in these industries and other businesses that are unlikely to recover until visitors return. He released the report at a press conference in Times Square, where he was joined by Tom Harris from the Times Square Alliance, Manhattan Borough President Gale Brewer, Paul Dean from IATSE Local One, Donna Keren from NYC & Company and Robin Bell-Stevens from Jazzmobile. You can watch a replay of the event on the Comptroller’s Instagram page. DiNapoli Issues Analysis of 2021-22 Enacted State Budget The Enacted State Budget for State Fiscal Year (SFY) 2021-22 is boosted by a substantial influx of new resources, totaling an estimated $26.7 billion in SFY 2021-22. These resources include federal support, better-than-expected tax collections, revenues from tax increases, and other new resources, resulting in the largest budget in state history at an estimated $212 billion, according to an analysis released by New York State Comptroller Thomas P. DiNapoli. State Comptroller Thomas P. DiNapoli Statement on New York City's Executive Budget “New York City’s $98.6 billion executive budget for FY 2022 and its financial plan for FY 2022-FY 2025 reflect a drastically improved short-term budget outlook, buoyed by more than $15 billion in federal relief since December and better-than-projected revenues." Saranac Town Clerk Arrested for Falsifying Town Records State Comptroller Thomas P. DiNapoli and Clinton County District Attorney Andrew J. Wylie announced the arrest of Mary L. Bell, Clerk of the Town of Saranac. Bell, 54, was arrested for allegedly falsifying records to hide her failure to deposit more than $800 in cash payments to the town that she collected as Clerk. Her actions allegedly took place from April 2017 to August 2017. State Contract and Payment Actions in March In March, the Office of the State Comptroller approved 1,696 contracts for state agencies and public authorities valued at $2.3 billion and approved nearly 27.1 million payments worth more than $40.8 billion. The Office rejected 137 contracts and related transactions valued at $160 million and nearly 17,100 payments valued at nearly $46 million, primarily for mistakes, insufficient support for charges, and improper payments. More information on these contracts and payments is available at www.openbooknewyork.com. State Comptroller DiNapoli Releases Municipal Audits New York State Comptroller Thomas P. DiNapoli released the following local government audits: Brighton Fire Department, Inc. Brighton Fire District Plattekill Public Library Town of Marcy Town of Milo Town of New Windsor Town of Orange Town of Tully Village of Shoreham Village of Suffern This Week on Instagram New York State Comptroller: NYC Tourism Industry Lost $60 Billion In Revenue In 2020 DiNapoli spots risks in New York's new budget plan NY State Pension Commits to $400 Million in Sustainable Investments Saranac Town Clerk arrested, accused of stealing money ... Click here to unsubscribe. Sign up to receive this and other e-mails from the Comptroller’s Office Office of the State Comptroller - 110 State Street - Albany, NY 12236 www.osc.state.ny.us | contactus@osc.ny.gov | Privacy Policy