State tax collections through July were $479.5 million lower than collections for the same period last year, primarily reflecting lower Personal Income Tax (PIT) collections from April and May. Still, the state is in a relatively good financial position after collecting more than $3 billion from financial settlements since the state budget was enacted, according to the July cash report released today by New York State Comptroller Thomas P. DiNapoli.
The city of Lockport will run out of cash to pay for operations in the very near future unless it secures new financing or drastically cuts expenditures, according to an audit released today by New York State Comptroller Thomas P. DiNapoli. The city’s financial troubles stem from poor record keeping and a reliance on fund balance to finance operations.
Employees in six upstate New York school districts had inappropriate computer access to sensitive student data and were able to change student grades and attendance records without proper authorization, according to an audit released today by New York State Comptroller Thomas P. DiNapoli.
New York State Comptroller Thomas P.
New York State Comptroller Thomas P.
The New York State Common Retirement Fund’s (Fund) value grew to an estimated $180.7 billion in the first quarter ending June 30, 2014, according to New York State Comptroller Thomas P. DiNapoli. The Fund had ended the state’s Fiscal Year 2014 on March 31 with a value of $176.8 billion. The net growth in the value of the fund reflects earnings over the quarter, offset by benefit payments.
New York State Comptroller Thomas P. DiNapoli today announced that ConAgra Foods, Inc., one of the largest food manufacturers in the U.S., has committed to using only sustainably-sourced palm oil that is grown and harvested in ways that do not contribute to rainforest destruction.
The former Corning city clerk allegedly stole as much as $11,000 in cash from city coffers, including $5,000 from city parking fines, according to an audit released today by New York State Comptroller Thomas P. DiNapoli. The clerk, Stephanie Burlew, was charged in July with grand larceny in the third degree, a class D felony.
The former highway superintendent for the Town of Erin in Chemung County made personal purchases and used gas, oil and other town supplies for his own use, totaling nearly $70,000, according to an audit detailing the fraud released today by New York State Comptroller Thomas P. DiNapoli.
The New York State Common Retirement Fund (Fund) received a $33.8 million return from its investment in Autotask, an IT company located near Albany, according to New York State Comptroller Thomas P. DiNapoli. The Fund made nearly six times its original investment of $6 million, or a 25 percent internal rate of return.
