DiNapoli Releases Municipal Audits
New York State Comptroller Thomas P. DiNapoli today announced the following local government audits have been issued.
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State Comptroller DiNapoli Releases Audits
New York State Comptroller Thomas P. DiNapoli announced today the following audits and examinations have been issued.
DiNapoli: Foreclosure Filings Fall Nearly 50 Percent Statewide Since 2013
Mortgage foreclosure filings across New York dropped 46 percent between 2013 and 2018, from 46,696 to 25,334, according to a report issued today by New York State Comptroller Thomas P. DiNapoli.
New York State Comptroller DiNapoli: Wall Street Profits Rose in 2018, But Bonuses Fell
Securities industry profits in 2018 were 11 percent higher than the previous year, but the average bonus paid to industry employees in New York City declined by almost 17 percent to $153,700, according to an estimate released today by New York State Comptroller Thomas P. DiNapoli.
DiNapoli Announces $114 Million of G.O. Bonds Awarded
State Comptroller Thomas P. DiNapoli today awarded $114.04 million of New York State Series 2019A Tax-Exempt General Obligation Bonds to Wells Fargo Bank, National Association, which submitted the lowest true interest cost bid of 1.668079 percent in the competitive sale. The bonds are scheduled to be delivered on March 21, 2019.
DiNapoli Calls on Companies to Increase Board Diversity
New York State Comptroller Thomas P. DiNapoli today announced that he has filed shareholder proposals at four portfolio companies — Gaming and Leisure Properties, New Residential Investment Corp., Sinclair Broadcast Group and Trip Advisor — seeking increased board diversity, inclusive of sex, race, ethnicity, age, gender identity and sexual orientation. The companies are among hundreds with no women directors that DiNapoli has contacted as trustee of the New York State Common Retirement Fund in recent months.
Comptroller DiNapoli's Office Releases State Revenue Forecast
The Office of New York State Comptroller Thomas P. DiNapoli released the following letter today from Robert Ward, deputy comptroller for the Division of Budget and Policy Analysis, providing a state budget revenue forecast, as required by state law.
Read the letter: https://osc.state.ny.us/sites/default/files/other/documents/pdf/2019-04/budget-letter-2019.pdf
State Contract and Payment Actions in January
In January, the Office of the State Comptroller approved 1,732 contracts for state agencies and public authorities valued at $21 billion and approved more than 1.8 million payments worth nearly $10.2 billion. The office rejected 168 contracts and related transactions valued at $290 million and more than 2,400 payments valued at more than $4.7 million. More information on these contracts and payments is available at www.openbooknewyork.com.
DiNapoli Releases Analysis of Revised Executive Budget
The $175.1 billion State Fiscal Year (SFY) 2019-20 Executive Budget advances several measures to reduce the financial risks posed to New York by unpredictable tax revenues and federal funding, according to a report released today by State Comptroller Thomas P. DiNapoli. Still, larger-than-expected declines in current fiscal year tax collections leave uncertainty that may not be fully clarified before the April 1 start of the new fiscal year.
Former Fire Co. Treasurer Admits Stealing $24K
Wendy Wharton, former Citizens Hose Fire Company treasurer, pleaded guilty to felony grand larceny and was ordered to repay $24,440, after an audit and investigation by State Comptroller Thomas P. DiNapoli exposed her crimes. DiNapoli’s office partnered with Ontario County Sheriff Philip C. Povero and Ontario County District Attorney James Ritts on the case.
Wharton, 54, of Manchester, stole thousands of dollars by pocketing cash, using the fire company’s credit cards and stole checks to gamble at casinos in the Finger Lakes, Central New York and Las Vegas.