In August, the Office of the State Comptroller approved 1,737 contracts for state agencies and public authorities valued at $2.7 billion and approved more than 1.9 million payments worth nearly $9.6 billion. The office rejected 162 contracts and related transactions valued at $10.4 billion and nearly 800 payments valued at nearly $3 million. More information on these contracts and payments is available at www.openbooknewyork.com.
New York State Comptroller Thomas P.
New York State Comptroller Thomas P. DiNapoli today announced his office completed audits of the Schuyler Heights Fire District, Village of Voorheesville, Willsboro Fire District and the Town of Wilson.
New York City projects a balanced budget for fiscal year 2015 and manageable out-year budget gaps under current economic conditions, according to an analysis released today by New York State Comptroller Thomas P. DiNapoli at the annual meeting of the Financial Control Board.
New York State Comptroller Thomas P. DiNapoli today announced the arrest of Dennis Snow, the treasurer of the LeRoy Fire Department in Genesee County. Snow was charged with two counts of grand larceny in the third degree (class D felony), 42 counts of forgery in the first degree (class C felony) and two counts of falsifying business records in the first degree (class E felony) for allegedly stealing nearly $50,000 in public funds.
Local sales tax collections in New York state grew by $177 million, or 2.4 percent, for the first half of 2014 compared to the same period in 2013, according to a report issued today by State Comptroller Thomas P. DiNapoli. Nineteen counties experienced an increase of more than 4 percent during this period.
Total state tax collections through the first quarter of the state’s fiscal year 2014-15 were $1.3 billion higher than Division of the Budget (DOB) projections, largely reflecting growth in business tax collections and increased personal income tax (PIT) receipts in June, according to a report on state finances issued today by New York State Comptroller Thomas P. DiNapoli.
State Comptroller Thomas P. DiNapoli’s Fiscal Stress Monitoring System has designated 27 municipalities across the state as fiscally stressed. The list, which includes eight counties, eight cities and 11 towns, marks the fewest number of municipalities listed in stress since DiNapoli implemented his early-warning system in 2013.
State tax collections totaled $28.2 billion for the five months ended in August, $133 million above updated projections, primarily due to double digit growth in business tax collections, according to the state cash report issued today by State Comptroller Thomas P. DiNapoli.
Beginning in September, New York's 529 College Savings Program will offer more investment options, lower costs, raise the maximum allowable balance and eliminate the $25 minimum contribution, State Comptroller Thomas P. DiNapoli announced today.
