New York State Comptroller Thomas P. DiNapoli today issued a revenue projection for the 2020-2021 state budget which reflects an estimate of the economic impact and ongoing volatility stemming from the spread of the coronavirus (COVID-19). DiNapoli estimates tax revenue will be at least $4 billion below the projections in the Executive Budget of $87.9 billion. He also offered one alternative scenario if a more severe recession or sharper declines in the stock market occur, which could lower tax revenues by more than $7 billion.

State Comptroller Thomas P. DiNapoli released a report today, which found 27 local governments are three or more years delinquent in meeting one or more annual financial reporting requirements.

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

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

The Metropolitan Transportation Authority is expected to devote one-fifth of total revenue to debt service by 2023 as it relies increasingly on borrowing to finance its capital needs, leaving a smaller share of revenue for other priorities and hindering budget flexibility during an economic setback, according to a report released today by State Comptroller Thomas P. DiNapoli.

An audit released today by New York State Comptroller Thomas P. DiNapoli found the Office of Temporary and Disability Assistance (OTDA) continues to provide inadequate oversight of homeless shelters, allowing unsafe conditions that pose significant health and safety risks.

Coca Cola Co. will consider the wages it pays all of its employees when setting executive salaries, aiming to bring them into closer alignment, State Comptroller Thomas P. DiNapoli, trustee of the New York State Common Retirement Fund (Fund), announced today. In response to the agreement, the Fund withdrew its shareholder resolution with the Atlanta-based beverage giant.

A new report by New York State Comptroller Thomas P. DiNapoli shows the challenges faced by the state’s school districts are as varied as the state itself. Regional factors including the local economy, labor force mix and demographics all have implications for spending, pupil outcomes and the delivery of services, including special education. The report details school district demographic and financial information from nine separate regions outside New York City.

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

The state Public Service Commission (PSC) is falling short in monitoring Charter Communications Inc. and other utilities across New York, according to an audit released today by State Comptroller Thomas P. DiNapoli. Auditors found regulators lacked the equipment to measure Internet speeds, used inaccurate data to track service reliability and imposed only four penalties in four years.