New York State Comptroller Thomas P. DiNapoli and Suffolk County District Attorney Raymond A. Tierney today announced the arrest of former Town of Huntington employee Moses K. Johnson, 63, of Huntington, for allegedly stealing his mother’s public pension payments following her death in April of 2021.
Wall Street’s 2023 first half profits of $13 billion were down 4.3% from the same period last year but tracked the industry’s return to pre-pandemic levels of revenue after record profits in 2020 and 2021, according to State Comptroller Thomas P. DiNapoli’s annual report on the performance of New York City’s securities industry.
State collections from the taxes on mobile sports betting totaled $727.4 million in State Fiscal Year (SFY) 2022-2023 and have continued to grow in the first quarter of the current fiscal year, according to a report by State Comptroller Thomas P. DiNapoli. With the legalization of mobile sports betting, the New York State Gaming Commission noted a 26% increase in problem gambling-related calls to the Office of Addiction Services and Supports (OASAS) from 2021 to 2022.
In a turnaround from the fiscal crisis it faced a year ago, the Metropolitan Transportation Authority (MTA) today stands on firmer financial ground, largely because the state budget provided dedicated sources of revenue to close projected budget gaps, according to New York State Comptroller Thomas P. DiNapoli’s annual report on the MTA’s fiscal outlook.
State Comptroller Thomas P. DiNapoli announced today the following audits have been issued.
New York State Comptroller Thomas P. DiNapoli today announced a tentative schedule of planned bond sales for New York state, New York City and their major public authorities during the fourth quarter of 2023.
The planned sales of $9.11 billion include $6.43 billion of new money and $2.68 billion of refundings as follows:
Cyberattack complaints in New York state increased 53% between 2016 and 2022, jumping from 16,426 incidents in 2016 to 25,112 in 2022, according to the FBI. The number of attacks targeting critical infrastructure in New York state nearly doubled to 83 in the first half of 2023 compared to 48 during the entirety of last year, according to a report released today by State Comptroller Thomas P. DiNapoli.
New York State Comptroller Thomas P. DiNapoli today announced the following local government and school audits were issued.
SHP training was provided to employees and elected officials. However, of the 150 total individuals auditors tested (125 selected employees and all 25 elected officials), 36 employees and 18 elected officials did not complete the annual training.
In August, the Office of the State Comptroller approved 2,185 contracts for state agencies and public authorities valued at $2.8 billion and approved nearly 2 million payments worth more than $11.1 billion. The office rejected 231 contracts and related transactions valued at $391 million and nearly 1,800 payments valued at more than $12.8 million, primarily for mistakes, insufficient support for charges, and improper payments. More information on these contracts and payments is available at Open Book New York.
State Comptroller Thomas P. DiNapoli yesterday awarded through negotiated sale $572,715,000 of New York State General Obligation (GO) Bonds. After a one-day retail and institutional order period, the State received total orders of over $1.6 billion or 2.8 times the amount of bonds offered, which allowed the State to reduce yields in many maturities. Ultimately, retail orders supported over 55 percent of the total bond sale, of which 85 percent was from New York retail buyers. The true interest cost of the GO Bonds was 3.99 percent.
