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DiNapoli Urges NYC to Shore Up Rainy-Day Fund

… Thomas P. DiNapoli urged New York City officials to better prepare for financial downturns by evaluating the … city’s rainy-day reserve fund, establishing targets for how much should go into the fund each year and setting the … law enabling the use of these funds, called on the city to define how these resources are accumulated and used. …

DiNapoli: Wall St. Profits Return to Pre-Pandemic Levels

… according to State Comptroller Thomas P. DiNapoli’s annual report on New York City’s securities industry. “The last two years of profits and bonuses fueled … pre-pandemic average of $20.3 billion per year. DiNapoli’s report estimated the securities industry was responsible for …

DiNapoli: Gaming Commission Slow to Collect Casino Fees

… Commission has made only limited progress fixing problems with its monitoring of casinos, especially with its failure to collect millions in oversight fees from … Commission has made only limited progress fixing problems with its monitoring of casinos especially with its failure to …

DiNapoli: Molson Coors Agrees to Disclose Political Spending

… Coors Beverage Co., one of the world’s largest brewers, to comprehensively disclose its political spending, New York … trustee of the Fund, announced today. In response to the agreement, the Fund withdrew its shareholder … bottom line at risk. I commend Molson Coors for agreeing to our request.” The company agreed to disclose all of its …

XVI.4 Accounting Policies and Principles Applicable to Agencies – XVI. Financial Reporting

DiNapoli: State Tax Collections Continue to Exceed Projections

… State tax receipts exceeded the Enacted Budget Financial Plan … April through June, the first three months of the 2021-22 State Fiscal Year, according to the monthly State Cash Report released today by New York State Comptroller Thomas P. DiNapoli. “The state is …

DiNapoli: Billions Needed for Repairs to Local Bridges

… York State Comptroller Thomas P. DiNapoli. While the cost for repairs is staggering, DiNapoli’s report found the number … But concerns about how local governments will find funding for repairs is growing as Washington considers changes to … aid. "Local communities are facing a big price tag for maintaining and repairing bridges,” DiNapoli said. "These …

Medicaid Payments to Medicare Advantage Plan Providers (Follow-Up)

… made in our initial audit report, Medicaid Payments to Medicare Advantage Plan Providers (Report 2016-S-54 ). About the Program Many of the State’s Medicaid recipients are also enrolled in Medicare, the federal health insurance program for people age … made in our initial audit report Medicaid Payments to Medicare Advantage Plan Providers …

Managed Care Organizations – Payments to Ineligible Providers (Follow-Up)

… was in the process of compiling responses from the MCOs at the end of our review. The Department obtained the missing …

DiNapoli: MTA Budget Continues to Face Serious Risks

… The Metropolitan Transportation Authority is expected to devote one-fifth of total revenue to debt service by 2023 as it relies increasingly on borrowing to finance its capital needs, leaving a smaller share of … The Metropolitan Transportation Authority is expected to devote onefifth of total revenue to debt service by 2023 …

Comptroller Authority to Audit Local Development Corporations (LDCs)

… 2019  – A.7476 (Magnarelli) / S.5445 (Skoufis) – Relates to audits by the State Comptroller of certain organizations … Relates to audits by the State Comptroller of certain organizations …

Comptroller Authority to Audit Local Development Corporations (LDCs)

… A.3047 (Magnarelli) / S.4827 (Marchione) – Relates to audits by the State Comptroller of certain organizations … Relates to audits by the State Comptroller of certain organizations …

Federal Impact: Travel and Tourism to New York – Federal Funding and New York

… spending includes purchases of goods and services such as food, lodging, gifts, entertainment, local transportation in … of the employment (74.2 percent) was in accommodation and food services. 19 Through September 2025, average employment … state was 1.0 percent. 20 However, in accommodation and food services, there were 798 fewer jobs, a decline of 0.1 …

DiNapoli: Mobile Sports Betting Adds to State Revenue, But Calls to Problem Gambling Hotline Rise as Gaming Expansion Continues

… legislative proposals to expand gaming include authorizing online casino gaming and a plan to double the number of VLTs … from in-person sports betting. With proposals to authorize online casino gaming introduced, economic benefits from the …

Housing Trust Fund Corporation – Oversight of the Residential Emergency Services to Offer Home Repairs to the Elderly Program (Follow-Up)

… Community Renewal (HCR) consists of several of New York State’s major housing and community renewal agencies, … were awarded to 17 LPAs. Our initial audit report, issued on July 15, 2021, examined whether LPAs were selected … to just 36 LPAs to serve only 36 of the 62 counties in the State. Furthermore, there were significant delays from the …

Housing Trust Fund Corporation – Oversight of the Residential Emergency Services to Offer Home Repairs to the Elderly Program (Follow-Up) (2022-F-18) 30-Day Response

To assess the extent of implementation of the six recommendations included in our initial audit report, Housing Trust Fund Corporation: Oversight of the Residential Emergency Services to Offer Home Repairs to the Elderly Program (Report 2020-S-4).

Westchester Attorney Pleads Guilty to Mail Fraud for Attempting to Embezzle From a Decedent's Estate for Which He Was Court-Appointed Administrator

… that Guy Parisi, a Westchester attorney, pled guilty today to a mail fraud charge arising from his attempt to embezzle funds from a decedent’s estate for which he … Magistrate Judge Lisa Margaret Smith. "Mr. Parisi tried to steal millions from the estate he was appointed to …

Collection of Fines Related to Tenant Complaints(follow-Up) (2023-F-9) 30-Day Response

To assess the extent of implementation of the six recommendations included in our initial audit report, Collection of Fines Related to Tenant Complaints (2018-S-58).

Improper Supplemental Maternity Capitation Payments to Managed Care Organizations (2023-F-3) (Follow-Up)

To determine the extent of implementation of the six recommendations included in our initial audit report, Improper Supplemental Maternity Capitation Payments to Managed Care Organizations (Report 2020-S-57).

Processing Salary Payments pursuant to Court Orders, Awards, and Settlement Agreements

Processing Salary Payments pursuant to Court Orders, Awards, and Settlement Agreements