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

DiNapoli: School District Tax Levy Growth to Remain Below Two Percent

Property tax levy growth for school districts will be capped at 1.26 percent for the 2017-18 fiscal year, according to data released today by State Comptroller Thomas P. DiNapoli. The latest calculation affects the tax cap calculations for 677 school districts as well as 10 cities, including the “Big Four”cities of Buffalo, Rochester, Syracuse and Yonkers.

DiNapoli: Public Authorities Borrow and Spend Billions With Limited Transparency, Accountability

Public authorities in New York have accumulated $267 billion in debt, the equivalent of $13,487 for every resident in the state, according to a report issued today by New York State Comptroller Thomas P. DiNapoli. The amount of debt reported by state and local authorities is now posted on DiNapoli’s transparency website, OpenBookNewYork.com.

DiNapoli: Oversight of Supportive Housing Falls Short

New York State Comptroller Thomas P. DiNapoli today released three audits of supportive housing providers for New Yorkers with mental illness, which found that a lack of monitoring by the state Office of Mental Health (OMH) allowed not-for-profit providers to bill for improper expenses, such as salaries, alcohol and spa services, and for health and safety violations to go uncorrected.

DiNapoli: Local Governments Challenged by Slow Revenue Growth

Many of New York’s local governments are coping with slow or no revenue growth, making it difficult for them to maintain services while keeping pace with rising fixed costs such as health care, according to the 2016 annual report on the state’s local governments released today by State Comptroller Thomas P. DiNapoli.

DiNapoli Releases Bond Calendar For First Quarter

New York State Comptroller Thomas P. DiNapoli today announced a tentative schedule for the planned bond sales for the state, New York City, and their major public authorities during the first quarter of 2017.

The planned sales of $4.27 billion include $2.97 billion of new money and $1.30 billion of refundings or reofferings as follows: