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NEWS from the Office of the New York State Comptroller
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DiNapoli: NYC’s Solid Housing Growth at Risk As Permits Fall

New York City’s efforts to address its housing shortage have led to a growth in supply that outpaced that of the state, but a drop in permits suggests slower growth may be on the horizon, according to a report released today by State Comptroller Thomas P. DiNapoli. The report examines where new housing has been concentrated since 2010 and implications for growth in other areas under the “City of Yes” initiative and the creation of the 485-x affordable housing program.

DiNapoli: Federal Funding Uncertainty Jeopardizes Impact of Inflation Reduction Act for New Yorkers

A new report by State Comptroller Thomas P. DiNapoli details New York’s financial impact from the 2022 Inflation Reduction Act (IRA), including close to $2 billion in funds for environmental and energy purposes that could help lower costs to consumers during New York’s transition to clean energy. DiNapoli warns there is now significant uncertainty about whether this funding will continue after a new executive order issued by President Trump.

DiNapoli Announces Sale of $540 Million State of New York General Obligation Bonds

State Comptroller Thomas P. DiNapoli announced the sale of New York State General Obligation (GO) Bonds totaling $539.6 million through competitive sale. Despite recent market volatility, strong investor interest in the state’s full-faith-and credit GO bonds resulted in favorable interest rates and produced savings for state taxpayers.

DiNapoli: Former CFO of St. Johnsville Volunteer Ambulance Corp. Arrested for Stealing Over $26,000

A former chief financial officer of the St. Johnsville Volunteer Ambulance Corp. today was charged with stealing over $26,000 from the company, State Comptroller Thomas P. DiNapoli, Montgomery County District Attorney Christina Pearson and New York State Police Superintendent Steven G. James announced. The defendant, Shannon Countryman, 46, was charged with grand larceny in the third degree and forgery in the third degree.

DiNapoli Announces Scheduled Sale of $541M State of New York General Obligation Bonds

State Comptroller Thomas P. DiNapoli today announced the details of the upcoming New York state General Obligation bond issue totaling $541.1 million. A competitive sale of tax-exempt and taxable bonds is scheduled for March 18. The state expects to sell $347.8 million of new money for transportation, education and environmental purposes and, depending on market conditions, $193.3 million to refund a portion of certain outstanding General Obligation bonds to reduce the state’s debt service costs.

State Comptroller DiNapoli and Department of Financial Services Superintendent Harris Designate New Banking Development District Branch To Support Community Banking in Red Hook

New York State Comptroller Thomas P. DiNapoli and Department of Financial Services Superintendent Adrienne A. Harris today announced the approval of Spring Bank’s Red Hook Branch as a Banking Development District (BDD) and deposited $10 million in public funds to the bank.

DiNapoli Report Looks at New York City Metro Area's Import and Export Economies

The New York City Metropolitan Area accounted for more than $103 billion, or 69%, of the value of goods imported to New York state. In 2023, Europe provided the largest share of goods by value to the metropolitan area among all regions, according to a report released today by New York State Comptroller Thomas P. DiNapoli.