Prudent budgeting and proactive financial planning by officials in the Binghamton City School District have helped to improve the district’s fiscal condition, according to an audit issued today by State Comptroller Thomas P. DiNapoli.
New York State Comptroller Thomas P.
State Comptroller Thomas P. DiNapoli announced today his office reviewed 2,193 contracts valued at $9.8 billion and approved more than 2.3 million payments worth $11 billion in December 2013. His office rejected 205 contract transactions valued at $358 million and 1,390 payments valued at $1.9 million due to fraud, waste and other improprieties.
Major changes to the federal tax code being considered by the President and Congress would have significant implications for New Yorkers, including the elimination of the more than $67 billion in state and local tax deductions reported by New Yorkers on their federal taxes, 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:
State Comptroller Thomas P. DiNapoli issued a report today detailing the impact of federal aid on New York's municipalities and school districts. In 2015, local governments and school districts outside New York City received $4.7 billion in direct federal aid. Separately, New York City received $7 billion, of which $1.7 billion went to funding the city's public schools.
Property tax levy growth for local governments with fiscal years that close on Dec. 31 will be capped at 1.84 percent for the 2018 fiscal year, according to State Comptroller Thomas P. DiNapoli. This figure affects the tax cap calculations for all counties, towns, fire districts, 44 cities and 10 villages.
New York State Comptroller Thomas P. DiNapoli today announced his office completed audits of Town of Geneseo, Monticello Joint Fire District and the Town of Orchard Park.
New York State Comptroller Thomas P.
Over the past three years, Governor Cuomo and the Legislature have done much to put New York state on better fiscal footing, reduce the structural budget imbalance and hold the line on spending. With today’s budget proposal, Governor Cuomo has provided a good starting point to continue the progress made.
Still, there is much work to be done. The challenge for the state is to align spending with revenue while still meeting the critical needs of New Yorkers and local communities. Funding for these initiatives is contingent on the strength of the economy and federal assistance.
