Projected budget gaps for New York City in the coming years appear manageable, but tax changes and budget cuts on the federal level pose a significant threat to the city’s finances, according to a report released today by State Comptroller Thomas P. DiNapoli.
New York State Comptroller Thomas P.
The state Department of Taxation and Finance should increase monitoring and compliance with New York's returnable container deposit law to recover all the funds the state is entitled to from bottlers and beverage distributors, according to an audit released today by State Comptroller Thomas P. DiNapoli.
New York State Comptroller Thomas P. DiNapoli released the following statement today in response to the Governor’s 9th Proposal for the 2018 State of the State, related to the New York State Common Retirement Fund:
"The New York State Common Retirement Fund is a leader among public pension funds that are investing to build a low carbon economy and urging corporations to tackle climate risk.
"We've shown that shareholders have the power to compel major corporations, like ExxonMobil, to address climate change.
"The Republican tax bill moving forward in Congress remains a bad deal for New York.
"The cap on state and local tax deductions would nullify billions of dollars' worth of deductions claimed by an estimated one million New Yorkers.
New York State Comptroller Thomas P. DiNapoli today issued a reminder to New Yorkers that not only are contributions to New York's 529 College Savings Program accounts tax deductible* but now lower fees, higher maximum balances and the elimination of the $25 minimum contribution fees make it easier to save for continuing higher education.
New York State Comptroller Thomas P.
New York state's Medicaid program is expected to save $7.6 million over the next five years as the result of actions taken by the state Department of Health (DOH) after an audit found it had incorrectly paid contractors for transportation management services it shouldn't have, according to a report released today by State Comptroller Thomas P. DiNapoli.
New York State Comptroller Thomas P. DiNapoli announced today the following audits and examinations have been issued:
New York's state-funded debt is projected to reach $63.7 billion at the end of the current fiscal year and to increase over the following four years to $71.8 billion, according to a report issued today by New York State Comptroller Thomas P. DiNapoli. The comptroller once again called for reforms to New York's use of debt, including voter approval of borrowing and better capital planning for infrastructure projects.
