Contents of Report
Financial Condition Report
For Fiscal Year Ended March 31, 2016
Message from the Comptroller
I am pleased to present the State of New York’s Financial Condition Report for the fiscal year ended March 31, 2016.
After closing deep projected budget gaps just a few years ago, New York State’s short-term financial condition has improved. The State’s General Fund ended SFY 2015-16 with an exceptionally large balance, which enhances budgetary flexibility in the near term and is expected to support increased capital investment and other purposes over multiple years.
About this Report
This report provides citizens with an overview of the financial condition of New York State. It presents selected financial, economic, and demographic information in an easy-to-understand format.