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NEWS from the Office of the New York State Comptroller
Contact: Press Office 518-474-4015

NYC Budget Is Balanced but Risks Are Growing

The New York City Mayor’s preliminary executive budget for FY 2020 is balanced, but there are risks, including proposed drops in state assistance, potential federal budget cuts and slower economic growth, according to a report released today by New York State Comptroller Thomas P. DiNapoli.

DiNapoli: Small Business Growth in New York Outpaced National Average

Employment among New York’s small businesses has increased slightly faster than the national pace, according to a report released today by State Comptroller Thomas P. DiNapoli. The report, based on the most recent data available from the U.S. Census Bureau, examined the five-year trend from 2011 through 2016.

NYC Schools Underreporting Bullying and Harassment

An audit released today by New York State Comptroller Thomas P. DiNapoli found the NYC Department of Education (DoE) was not doing enough to report incidents of bullying, harassment and discrimination as required by the state’s Dignity for All Students Act (DASA).

DiNapoli Announces Sale of General Obligation Bonds

State Comptroller Thomas P. DiNapoli today announced the details of the competitive sale scheduled for March 13 of tax-exempt New York State General Obligation bonds. The state expects to sell $115.7 million for new money transportation, education and environmental purposes.

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.