State Comptroller DiNapoli Releases Audits
New York State Comptroller Thomas P. DiNapoli announced today the following audits have been issued.
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DiNapoli: Wall St. Profits Soared in First Half of 2020
Amidst the economic tumult brought on by the COVID-19 pandemic, the securities industry saw its pretax profits reach $27.6 billion in the first six months of 2020, an 82 percent increase over the same period last year, according to State Comptroller Thomas P. DiNapoli’s annual report on Wall St.’s performance.
DiNapoli: Halfway Through the Year, Revenue Hole Persists
Halfway through the state’s fiscal year, state tax receipts are trailing last year by $2.8 billion, according to the September State Cash Report released by New York State Comptroller Thomas P. DiNapoli.
State Comptroller DiNapoli Releases School District Audits
New York State Comptroller Thomas P. DiNapoli today announced the following school district audits have been issued.
State Comptroller DiNapoli Releases Municipal Audit
New York State Comptroller Thomas P. DiNapoli today announced the following local government audit has been issued.
DiNapoli: Public Must Be Alerted to Sewer Overflow Problems
At least 20 percent of the publicly owned sewer systems in New York state were not reporting overflow events or registered with the electronic notification system (NY-Alert) that tracks those events, potentially putting the public at risk, according to an audit of the Department of Environmental Conservation (DEC) released today by State Comptroller Thomas P. DiNapoli.
DiNapoli: MTA Faces Worst Financial Crisis in History
The Metropolitan Transportation Authority (MTA) is facing the greatest crisis in its long history, with few viable options without federal funding to avoid cuts in service and staff, additional fare hikes and long-lasting damage that could impair regional transit for decades, according to New York State Comptroller Thomas P. DiNapoli’s annual report on the MTA’s finances.
State Comptroller Thomas P. DiNapoli on the Passing of Former Senator Joe Bruno
"New York lost an icon today with the passing of Former Senate Majority Leader Joe Bruno. The senator served his community for over three decades, the last fourteen as majority leader where he led the state through difficult times. A tough negotiator and straight-talker, he was also beloved by so many for his kindness and great sense of humor. He was dedicated to the Capital Region and always 100 percent behind efforts to position this area for a better future. I send my condolences to Joe’s family and his many friends from across the state of New York."
State Comptroller DiNapoli and Rockland District Attorney Walsh Announce Guilty Pleas of Middletown Resident for Larceny
New York State Comptroller Thomas P. DiNapoli and Rockland County District Attorney Thomas E. Walsh II announced that Ricardy Cesar, 54, of Middletown, N.Y., pleaded guilty in Rockland County Court before Judge Larry J. Schwartz to petit larceny for stealing nearly $4,000 from the New York State & Local Retirement System (NYSLRS).
Cesar was sentenced to a one year conditional discharge and 75 hours of community service, and was ordered to pay back the money.
DiNapoli: Pandemic Hit to Sales Tax Revenue Threatening Fiscal Health of Local Governments
New York’s municipalities collected nearly $17 billion in sales tax revenue in 2019, representing 9.7 percent of all local government revenue, according to a comprehensive report on local sales tax released today by State Comptroller DiNapoli. Every county and city in the state, along with many towns and villages, depend on these funds to pay for essential services and operations, revealing the statewide impact of the revenue losses from the pandemic.