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New York State Comptroller Tom DiNapoli. Photo: Comptroller's office
New York State Comptroller Tom DiNapoli. Photo: Comptroller's office

Comptroller addresses NY's "uneven" recovery

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New York's top accountant says the state needs to re-double its efforts to regrow its economy across all regions.

State Comptroller Thomas DiNapoli says that while New York has regained the number of jobs it lost during the recession, growth has been spotty.

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Speaking in Syracuse, he said, “for most of our state, we’re not back to where we were when we go back to ’08 and ’09 and that’s obviously a concern. So job growth, yes, heading in the right direction. State-wide numbers, looking strong, but it’s been an uneven distribution so we need to redouble our efforts.”

Most new jobs have been in New York City. In contrast, Syracuse has only regained 40 percent of jobs lost.

Dinapoli said a number of things need to happen to even the recovery out.  “Certainly, smarter and more efficient local budgeting. Fortunately at the state level we’ve made significant progress in that area. And certainly, from my point of view, we talk a great deal about the infrastructure in our state. We’re an older state, we have many infrastructure needs.”

DiNapoli says the state’s pension fund is also doing very well. It’s at its highest level ever with around 160 billion invested. He says he’s encouraging his office to invest more in New York companies.

(Thanks to WRVO’s Ryan Delaney for help with this report.)

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