State Comptroller DiNapoli Releases Audits
New York State Comptroller Thomas P. DiNapoli announced today the following audits have been issued.
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Comptroller DiNapoli Releases Municipal Audits
New York State Comptroller Thomas P. DiNapoli today announced the following local government audits have been issued.
DiNapoli: State Agencies Persistently Late with Not-For-Profits Contracts
A report released by New York State Comptroller Thomas P. DiNapoli found 50 percent of the contracts in 2019 between Not-for-Profit (NFP) organizations and the state were not processed until after the contract start date. DiNapoli’s report showed that no progress has been made in the past year, with the percentage of late contracts increasing slightly from 47 percent in 2018.
State Contract and Payment Actions in April
In April, the Office of the State Comptroller approved 931 contracts for state agencies and public authorities valued at $680 million and approved approximately 11.5 million payments worth nearly $16.1 billion. The Office rejected 79 contracts and related transactions valued at $50 million and nearly 6,900 payments valued at more than $105.8 million. More information on these contracts and payments is available at www.openbooknewyork.com.
State Comptroller DiNapoli Statement on Arrest of Muge Ma for COVID-Related Scam
New York State Comptroller Thomas P. DiNapoli released a statement today after the arrest of Muge Ma following a joint investigation by his office, United States Attorney Geoffrey Berman and the FBI.
DiNapoli: Drastic State Revenue Shortfall in April
According to the monthly cash report released today by State Comptroller Thomas P. DiNapoli, significant revenue declines occurred for New York in April as a result of the COVID-19 pandemic and the three month extension of the state income tax filing deadline. All governmental funds monthly tax receipts totaled $3.7 billion, falling $7.9 billion or 68.4 percent from April 2019.
DiNapoli: NYC Tax Collections Expected to Fall for First Time Since Great Recession
Recent unemployment claims suggest that most of New York City’s job gains over the past decade have been lost due to the economic impacts of the coronavirus. The city now forecasts its economy will shrink by 12.9 percent in 2020, according to a report released today by New York State Comptroller Thomas P. DiNapoli. Tax collections are projected to fall next fiscal year for the first time since the Great Recession.
DiNapoli: State’s Financial Plan Reflects a Bleak Economic Outlook
The state’s Enacted Budget Financial Plan anticipates a dire fiscal outlook in State Fiscal Year (SFY) 2020-21 and projects sweeping budget cuts that could affect essential services provided by the state, schools and local governments, according to an analysis released today by State Comptroller Thomas P. DiNapoli.
DiNapoli: April Sales Tax Collections Decline Over 24 Percent After COVID-19 Shutdown
Local sales tax collections dropped 24.4 percent in April compared to April 2019, leaving many of New York’s local governments grappling with shortfalls, according to State Comptroller Thomas P. DiNapoli. Sales tax collections totaled $1.02 billion in April.
State Comptroller DiNapoli Releases Audits
New York State Comptroller Thomas P. DiNapoli announced today the following audits have been issued.