New York’s local governments had $43.6 billion in total outstanding debt in 2018, according to a report released today by New York State Comptroller Thomas P. DiNapoli. Total debt has remained fairly steady since the Great Recession, after more than doubling from 1998 to 2010. A major factor behind the slower debt growth over the last ten years is that school districts have borrowed less.
New York State Comptroller Thomas P. DiNapoli today announced the following school district audits have been issued.
Payroll calculation errors cost the district $3,638. In addition, errors totaling $9,100 occurred with manual leave accrual entries. Auditors also found five employees had 21 time sheets lacking proper approvals and two employees had eight time sheets that were missing.
The New York State Common Retirement Fund’s (Fund) estimated return in the second quarter of the State Fiscal Year (SFY) 2019-20 was 1.16 percent for the three-month period ending Sept. 30, 2019, with an estimated value of $215.4 billion, according to New York State Comptroller Thomas P. DiNapoli.
The state Office for People With Developmental Disabilities (OPWDD) is not ensuring parents and guardians are properly notified of incidents of abuse and neglect in programs it oversees as required under Jonathan’s Law, according to an audit released today by State Comptroller Thomas P. DiNapoli.
Third quarter local sales tax collections in New York state totaled $4.8 billion, an increase of 6.3 percent over the same period last year, according to a report released today by New York State Comptroller Thomas P. DiNapoli.
New York State Comptroller Thomas P. DiNapoli today announced the following local government audits have been issued.
Auditors found that the significant revenue and expenditure projections in the tentative budget are reasonable. The town’s 2020 tentative budget includes a proposed tax levy of $58,426,602.
Local governments in New York levied a total of $36.6 billion in property taxes in 2019 – an increase of 2.4 percent over 2018, according to a report released today by State Comptroller Thomas P. DiNapoli. Annual property tax levy increases have slowed significantly since 2005 and dipped below 2 percent in 2015, where they remained until 2019.
New York State Comptroller Thomas P. DiNapoli announced today the following audits and examinations have been issued.
The audit identified $20.1 million in Medicaid payments made by DOH for therapy services and drugs that should have been paid for by Medicare.
"The SEC's proposals are two of the most significant actions to restrict shareholder rights in the SEC’s history. There is no credible evidence to support the need for these proposals, and if adopted, they would undermine corporate accountability, entrench managements’ opposition to shareholder proposals and increase costs for investors. These proposals are contrary to the SEC's mission to protect investors and our financial markets.
"The Trump Administration’s decision today to formally begin withdrawing the United States from the Paris Agreement on climate change is a shameful move.
"I was in Paris to support the development of the Paris Agreement and saw firsthand the commitment and dedication of the global community to proactively address climate change and save our planet.
"As trustee of New York state's pension fund I seek out profitable and sustainable investments and encourage our portfolio companies to prepare for a low-carbon future.
