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NEWS from the Office of the New York State Comptroller
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DiNapoli Releases Bond Calendar for Second 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 second quarter of 2020.

The planned sales of $3.68 billion include $2.63 billion of new money and $1.05 billion of refundings and reofferings as follows:

DiNapoli: New York's March 31 Cash Standing Above Projections, but Faces Significant Shortfall in Weeks

According to a report released today by State Comptroller Thomas P. DiNapoli, New York closed out the state fiscal year on March 31 with cash-on-hand in the General Fund of $8.9 billion, or $2.4 billion above projections. The state will face cash flow challenges as soon as next month due to billions in state aid payments for health and education, delayed state tax revenues and additional spending to fight the coronavirus.

New York State Comptroller Thomas P. DiNapoli Statement on Enacted Budget

“The state Legislature and Governor agreed on a new budget during an extraordinarily difficult time. The economic and budgetary impact from the coronavirus public health emergency presents our state with unprecedented risks. Unanticipated healthcare costs, dramatically increased unemployment and depressed business activity affects all state and local government finances. Moving forward, the Comptroller’s office will continue our role of monitoring revenues, spending, debt and cash flow trends.

“Our analysis of the new budget will be forthcoming.”

Comptroller DiNapoli Releases School District Audits

New York State Comptroller Thomas P. DiNapoli today announced the following school district audits have been issued.

Brewster Central School District – Professional Services (Putnam County)

District officials did not seek competition for professional services from three of the 10 professional service providers reviewed. Auditors determined these providers were paid $696,291 during the audit period.

New York State Comptroller DiNapoli: Wall Street Bonuses and Profits Up Slightly in 2019, but Facing Sharp Fall in 2020

The average bonus paid to employees in New York City’s securities industry increased by 3 percent in 2019 to $164,100, but it is likely to fall sharply in 2020 as the coronavirus crisis strains industry profitability, according to annual estimates released today by New York State Comptroller Thomas P. DiNapoli.

DiNapoli: Ex-Lake George Watershed Coalition Director Convicted in Grant Scheme

David Decker, former director of the Lake George Watershed Coalition, was convicted today in Warren County Court of two counts of Grand Larceny in the Second Degree, Scheme to Defraud in the First Degree and related false filing charges, related to his diversion of federal and state grant funds meant to improve the area surrounding Lake George, according to New York State Comptroller Thomas P. DiNapoli.