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DiNapoli: State Tax Revenues $3 Billion Below Last Year
… State tax receipts in November were higher than expected by the Division of the … year were $3 billion lower than last year, according to the monthly State Cash Report released by New York State … action in the new year.” Personal income tax receipts in November were $105.4 million, or 4.3 percent, above 2019, …
https://www.osc.ny.gov/press/releases/2020/12/dinapoli-state-tax-revenues-3-billion-below-last-yearNew York City Projecting Surplus of $2.7 Billion in Current Fiscal Year
… of more than $2.7 billion for fiscal year (FY) 2020, up from $550 million in November 2019, which it plans to … a surplus of more than $27 billion for fiscal year FY 2020 up from $550 million in November 2019 …
https://www.osc.ny.gov/press/releases/2020/02/new-york-city-projecting-surplus-27-billion-current-fiscal-yearDiNapoli: Local Government Debt Levels Off
… New York’s local governments had $43.6 billion in total outstanding debt in 2018, according to a report released today by New York … government issues debt, it should have a long-term plan in place and be mindful of the impact on its budget and … New Yorks local governments had $436 billion in total outstanding debt in 2018 …
https://www.osc.ny.gov/press/releases/2019/11/dinapoli-local-government-debt-levels-offDiNapoli Seeks Stronger Federal Safety Measures for Oil Trains to Protect New Yorkers
… rail companies they utilize carry insurance that may not be sufficient to cover liabilities resulting from a serious … Railway Limited – revealed that CSX is self-insured at a level of $25 million per occurrence for what it terms as … along these routes, only Buffalo is designated as a “High Threat Urban Area” where federal regulation requires trains …
https://www.osc.ny.gov/press/releases/2016/04/dinapoli-seeks-stronger-federal-safety-measures-oil-trains-protect-new-yorkersDiNapoli Releases Year-End and April Cash Reports
… Tax collections in April were more than $1 billion, or 17 percent lower, than … receipts a year ago, but $86.8 million higher than the projections included in the Enacted Budget Financial Plan released earlier this … Tax collections in April were more than $1 billion or 17 percent lower than …
https://www.osc.ny.gov/press/releases/2014/05/dinapoli-releases-year-end-and-april-cash-reportsDiNapoli: Troy's Proposed Bond Financing for Its Lead Pipe Replacement Program Is Lawful and Constitutional
… In response to a request from the Troy City Council, New York State Comptroller Thomas … issue bonds in connection with financing the city seeks from the State Environmental Facilities Corporation (EFC) … using public funds for private purposes. “Exposure to lead from water service pipes is a public health crisis that poses …
https://www.osc.ny.gov/press/releases/2024/12/dinapoli-troys-proposed-bond-financing-its-lead-pipe-replacement-program-lawful-and-constitutionalComptroller DiNapoli Releases School Audits
… completed audits of the Baldwinsville Central School District , Chenango Valley Central School District , Downsville Central School District , East Williston Union Free School District , … Thomas P DiNapoli today announced the following school district audits were issued …
https://www.osc.ny.gov/press/releases/2016/06/comptroller-dinapoli-releases-school-audits-0State Comptroller DiNapoli Releases Year-End Accomplishments
… Funds program, and his continued push for campaign finance reform. Leading the Third Largest Public Pension Fund in the Nation Announced the New York State … authorities. Continued an initiative to examine private special education contractors in New York state, which …
https://www.osc.ny.gov/press/releases/2014/01/state-comptroller-dinapoli-releases-year-end-accomplishmentsNew York’s Agriculture Industry: A Resilient Part of State and Local Economies
… 2022 PDF Version The agriculture industry supports jobs and communities throughout New York State. According to the U.S. Bureau of Economic Analysis, in 2021, agriculture in New York produced roughly $3.3 billion in gross domestic product and paid close to $1 billion in wages according to the U.S. …
https://www.osc.ny.gov/reports/new-yorks-agriculture-industry-resilient-part-state-and-local-economiesDiNapoli: Governor Cuomo's Proposed Budget Continues Fiscal Progress
… are lacking on spending changes required for balance in the coming years. “New York state is in its strongest fiscal position in years, and Governor Cuomo and the Legislature deserve credit for putting us on the …
https://www.osc.ny.gov/press/releases/2014/02/dinapoli-governor-cuomos-proposed-budget-continues-fiscal-progressDiNapoli Releases July State Cash Report
State tax collections totaled $242 billion over the first four months of the state fiscal year SFY a drop of $11 billion or 44 percent from the same period last year according to the July state cash report issued today by State Comptroller Thomas P DiNapoli
https://www.osc.ny.gov/press/releases/2016/08/dinapoli-releases-july-state-cash-reportDiNapoli: Contribute to 529 College Savings Account by Dec. 31 for Tax Benefits
… deductible* but now lower fees, higher maximum balances and the elimination of the $25 minimum contribution fees make … 2017 income tax filings. New Yorkers can open an account and if they already have one can contribute and deduct up to $5,000 from their New York State taxable …
https://www.osc.ny.gov/press/releases/2017/12/dinapoli-contribute-529-college-savings-account-dec-31-tax-benefitsDiNapoli Releases Analysis of Enacted State Budget
… proposal. The largest change from the Executive proposal is a $398.5 million increase in borrowing authority for SAM. … more than $500 million in annual revenue by eliminating what would have been an automatic boost in the state's child … at $300 million. Creates a New York State 2020 Complete Count Commission to recommend steps to be undertaken to …
https://www.osc.ny.gov/press/releases/2018/04/dinapoli-releases-analysis-enacted-state-budgetDiNapoli: MTA Faces Worst Financial Crisis in History
… Authority (MTA) is facing the greatest crisis in its long history, with few viable options without federal funding to … Authority is facing the greatest crisis in its long history with few viable options without federal funding to …
https://www.osc.ny.gov/press/releases/2020/10/dinapoli-mta-faces-worst-financial-crisis-historyDiNapoli: External Risks Threaten NYC Budget
… Slower economic growth and proposed federal and state actions present potential risks to the city's … budget risks, it has record reserves to use if needed and Mayor de Blasio plans to expand the citywide savings … Slower economic growth and proposed federal and state actions present potential …
https://www.osc.ny.gov/press/releases/2017/03/dinapoli-external-risks-threaten-nyc-budgetDiNapoli: New York Jobs Top 9 Million, New Statewide High
… its highest employment level ever of more than 9 million jobs in 2014, after adding 538,000 jobs since 2009, according to a report released today by … with New York City gaining three out of four new statewide jobs from 2009 to 2014, while four upstate regions lost jobs, …
https://www.osc.ny.gov/press/releases/2015/08/dinapoli-new-york-jobs-top-9-million-new-statewide-highState Comptroller DiNapoli Releases Municipal Audits
… estimates for significant revenues and expenditures in the 2021 adopted budget. Adequacy of 2021 Budgets – Town … or capital plans. As a result, the board’s ability to know what effect financial decisions would have on future fund … lack important components such as identifying who is authorized to process online banking transactions or …
https://www.osc.ny.gov/press/releases/2021/05/state-comptroller-dinapoli-releases-municipal-audits-1DiNapoli Report Highlights Local Government Reliance on Federal Aid
… issued a report today detailing the impact of federal aid on New York's municipalities and school districts. In 2015, … changes in Washington could have a considerable impact on local government operations. In today's political climate, … million (2 percent). How heavily local governments rely on federal aid as part of their individual revenue mix varies …
https://www.osc.ny.gov/press/releases/2017/07/dinapoli-report-highlights-local-government-reliance-federal-aidDiNapoli Calls for NYC to Bolster Reserves as Economy Rebounds Amid Rising Spending
… million) and the temporary restoration of planned savings initiatives ($315 million). By FY 2025, the city will still incur more than $1 billion in … spending will still grow to $78.3 billion by FY 2025 and does not include out-year funding for new recovery …
https://www.osc.ny.gov/press/releases/2021/08/dinapoli-calls-nyc-bolster-reserves-economy-rebounds-amid-rising-spendingDiNapoli: Proposed Budget Holds the Line on Spending, Gives Executive Wider Discretion
… The Executive Budget holds down spending and boosts state … released today by State Comptroller Thomas P. DiNapoli. At the same time, the proposed budget increases potential out-year gaps and … The Executive Budget holds down spending and boosts state …
https://www.osc.ny.gov/press/releases/2015/02/dinapoli-proposed-budget-holds-line-spending-gives-executive-wider-discretion