New York State Comptroller Thomas P.

New York City ended its 2016 fiscal year on June 30 with an estimated surplus of $4 billion, but needs to be cautious with budgeting going forward amid slowing economic growth and tax collections, according to a report on the city’s financial plan released today by State Comptroller Thomas P. DiNapoli.

The state Department of Health (DOH) has never put to use any of the money generated through distinctive license plates and a license application check-off box to support New York’s organ donation campaign, according to an audit issued today by State Comptroller Thomas P. DiNapoli. The campaign, known as the Life Pass It On Trust Fund, had a balance of more than $1 million in December 2015 and has not been used by DOH since its inception over a decade ago.

The New York Power Authority (NYPA) made errors and overrode applicant scores when it distributed low-cost power to companies, according to an audit released today by State Comptroller Thomas P. DiNapoli. Auditors found NYPA overstated the number of jobs retained under the ReCharge NY program by nearly 30,000 in public reporting.

New York State Comptroller Thomas P. DiNapoli today announced the arrest of Cohocton Town Clerk Sandra Riley. She was charged with grand larceny in the third degree, a class D felony, and official misconduct, a class A misdemeanor, after an audit and investigation by DiNapoli’s office uncovered the misappropriation of more than $36,000 in public funds. 

New York State Comptroller Thomas P.

New York State Comptroller Thomas P.

Employer contribution rates for the New York State and Local Retirement System (NYSLRS) will decline in Fiscal Year 2015-16, New York State Comptroller Thomas P. DiNapoli announced today. 

The average contribution rate for the Employees Retirement System (ERS) will decrease by about nine percent from 20.1 percent of payroll to 18.2 percent of payroll. The average contribution rate for the Police and Fire Retirement System (PFRS) will decrease by about 11 percent from 27.6 percent of payroll to 24.7 percent of payroll.

Tax revenues through the first four months of the State’s fiscal year came in $17.7 million lower than the Division of the Budget’s latest projections but more than $1 billion higher than originally forecasted, according to the monthly state cash report issued today by New York State Comptroller Thomas P. DiNapoli. The General Fund balance remains high compared to historical levels, with $9.6 billion at the end of July, $25.2 million higher than the latest projections.

New York State Comptroller Thomas P. DiNapoli’s op-ed, “New York Should Opt into Public Financing of Elections”was published in The Albany Times Union today, urging the state Legislature to pass comprehensive campaign finance reform in New York, including public funding of elections for all state offices.

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