The Buffalo News published an op-ed from New York State Comptroller Thomas P. DiNapoli today pressing the federal government to do more to help state and local governments hit hard by the coronavirus. The full op-ed is below:
New York State Comptroller Thomas P. DiNapoli today announced the New York State Common Retirement Fund (Fund) had a -2.68 percent return on investments in the state fiscal year (SFY) that ended on March 31, 2020, reflecting a slight decrease as a result of the COVID-19 pandemic. The Fund ended its fiscal year during the early outbreak of the pandemic in the United States with a value of $194.3 billion. Globally, assets swiftly recovered in the second quarter of 2020.
Sales tax revenue for local governments in New York state dropped 27.1 percent in the second quarter compared to the same period last year, according to State Comptroller Thomas P. DiNapoli. Sales tax collections from April through June totaled $3.3 billion, which was $1.2 billion less than last year.
In June, the Office of the State Comptroller approved 896 contracts for state agencies and public authorities valued at $11.6 billion and approved more than 32.5 million payments worth nearly $25.9 billion. The Office rejected 102 contracts and related transactions valued at more than $1.9 billion and more than 28,500 payments valued at nearly $26.1 million, primarily for errors, insufficient support for charges, and improper payments. More information on these contracts and payments is available at www.openbooknewyork.com.
New York State Comptroller Thomas P. DiNapoli today announced the following school district audits have been issued.
New York State Comptroller Thomas P. DiNapoli today announced the following local government audits have been issued.
New York’s Industrial Development Agencies (IDAs) reported $784 million in net tax exemptions in 2018, up 4.4 percent from 2017, according to an annual report that summarizes the performance of IDAs issued today by New York State Comptroller Thomas P. DiNapoli.
The Department of Environmental Conservation (DEC) needs to improve efforts to control invasive species such as zebra mussels, hydrilla and giant hogweed that have established footholds across New York state and threaten native species, agriculture and tourism, according to an audit released today by State Comptroller Thomas P. DiNapoli.
New York State Comptroller Thomas P. DiNapoli announced today the following audits have been issued.
State tax receipts in June were down $1.5 billion or 17.3 percent from the previous year, according to the monthly state cash report released by State Comptroller Thomas P. DiNapoli.
