New York state has the second highest home foreclosure rate in the nation, with 1 in 21 home mortgages in foreclosure, according to a report released today by State Comptroller Thomas P. DiNapoli. The continuing foreclosure challenge is squeezing municipal budgets when property values decrease, tax bases shrink and crime jumps.
State Comptroller Thomas P. DiNapoli and Attorney General Eric T. Schneiderman today announced a $10.75 million settlement with Exxon Mobil Corporation and ExxonMobil Oil Corporation, individually and as successors-in-interest to Mobil Oil Corporation and Mobil Corporation, to reimburse the New York Environmental Protection and Spill Compensation Fund (Oil Spill Fund) for oil spill cleanup and petroleum contamination removal costs at eight locations across the state. The settlement reimburses the Oil Spill Fund for all of its costs with interest for the eight sites.
New York State Comptroller Thomas P.
State Comptroller Thomas P. DiNapoli announced today his office stopped $25 million in questionable or fraudulent personal income tax refunds from being paid so far in 2016.
DiNapoli’s office paid out 4.5 million state refunds totaling $4.2 billion. Another 152,000 refunds totaling $134 million are expected to be paid in the coming days. The average state tax refund from the state is $840.
New York State Comptroller Thomas P.
Straphangers are waiting longer for the next train to arrive than the Metropolitan Transportation Authority's (MTA) reported numbers would have them believe, according to an audit released today by New York State Comptroller Thomas P. DiNapoli. The audit found that the MTA's New York City Transit (Transit) published "wait assessment" shows a decline in performance. Wait assessment measures the train's ability to meet goals for the length of time between trains.
Franklin Central School District officials saved more than $800,000 in health insurance costs by switching carriers and offering employees a buyout incentive, according to an audit released today by New York State Comptroller Thomas P. DiNapoli.
New York State Comptroller Thomas P. DiNapoli today announced a tentative schedule for the planned sale of obligations for the state, New York City, and their major public authorities during the second quarter of 2016.
The proposed new issuances total approximately $3.61 billion, including $1.63 billion scheduled for this month, $1.52 billion for May and $463 million for June. The second quarter of anticipated new issuances compares to past planned new issuances of approximately $3.82 billion during the first quarter of 2016 and $4.95 billion during the second quarter of 2015.
"This budget reflects stronger economic times and assists individuals and families who have not shared equally in the state's economic prosperity. The details of the budget came together late in the process and outside the public's view, so more analysis is needed to examine the long-term impact of these spending decisions. My office expects to finish our analysis of the enacted budget in the coming weeks."
New York State Comptroller Thomas P. DiNapoli announced today the following audits have been issued:
