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NEWS from the Office of the New York State Comptroller
Contact: Press Office 518-474-4015

DiNapoli Releases Bond Calendar for Third Quarter

New York State Comptroller Thomas P. DiNapoli today announced a tentative schedule for the planned bond sales for the state, New York City and their major public authorities during the third quarter of 2020.

The planned sales of $5.06 billion include $3.48 billion of new money and $1.58 billion of refundings as follows:

State Contract and Payment Actions in May

In May, the Office of the State Comptroller approved 791 contracts for state agencies and public authorities valued at $1.2 billion and approved approximately 20.2 million payments worth nearly $25.9 billion. The Office rejected 93 contracts and related transactions valued at $150 million and more than 9,000 payments valued at more than $21.4 million, primarily for mistakes, insufficient support for charges, and improper payments. More information on these contracts and payments is available at www.openbooknewyork.com.

DiNapoli: State Tax Revenues Down $767 Million in May

State tax receipts in May were down $766.9 million or 19.7% from the previous year, according to the monthly state cash report released today by State Comptroller Thomas P. DiNapoli.

“With an economy still suffocated by a global pandemic, the state’s finances took another serious hit in the month of May,” DiNapoli said. “We are now clearly seeing the recession’s impact on tax receipts. As we continue to slowly re-open the economy, it’s critical that Washington act on our call for more federal aid.”

Other items of note in the report:

A Statement from Comptroller DiNapoli on the Murder of George Floyd

The brutal killing of George Floyd is yet another traumatic example of the profound pain and damage wrought by racial injustice.

This time, the response must be different.

Too many Black lives have been lost or marginalized over the years to racism, intolerance and violence. Too many fathers and mothers, sons and daughters have been taken. Too many opportunities have been stolen and dreams deferred.

Across our country, Americans of all backgrounds are demanding real change.