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NEWS from the Office of the New York State Comptroller
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DiNapoli: Tax Cap Set at 2% in 2024

Property tax levy growth will be capped at 2% for 2024 for local governments that operate on a calendar-based fiscal year, according to data released today by State Comptroller Thomas P. DiNapoli. This figure affects tax cap calculations for all counties, towns and fire districts, as well as 44 cities and 13 villages.

DiNapoli: Woman Pleads Guilty to Theft and Must Pay Back $459K in NYS Pension and Social Security Payments

State Comptroller Thomas P. DiNapoli, United States Attorney for the Northern District of Georgia Ryan K. Buchanan and Inspector General for the Social Security Administration Gail S. Ennis today announced that Sandra Smith, a resident of Georgia, has pleaded guilty to the federal crime of theft of government funds and must pay back $459,050 in New York state pension and Social Security payments that were issued to her deceased mother-in-law.

DiNapoli: State Pension Fund Releases Annual Investment Return

New York State Comptroller Thomas P. DiNapoli today announced that the New York State Common Retirement Fund’s (Fund) investment return was -4.14% for the state fiscal year that ended March 31, 2023. The Fund closed the year valued at $248.5 billion.

DiNapoli: New Federal Funds Give New York a Chance To Expand Broadband, Close Digital Divide

The recent announcement that New York state will get nearly $665 million in federal funding to invest in improvements to broadband availability gives the state an opportunity to accelerate universal deployment of the highest-speed connections in every corner of the state, according to a new analysis released by State Comptroller Thomas P. DiNapoli.

DiNapoli: Some Affordable Apartments for Seniors Left Vacant for Years

The shortage of affordable housing is especially hard on elderly New Yorkers, but many units are sitting vacant even though thousands of seniors are on waiting lists for them, an audit released today by New York State Comptroller Thomas P. DiNapoli found. The audit examined whether the NYC Department of Housing Preservation and Development (HPD) and the NYC Housing Development Corporation (HDC) properly oversee the awarding of housing to seniors and a program that assists senior homeowners.

State Contract and Payment Actions in May

In May, the Office of the State Comptroller approved 2,046 contracts for state agencies and public authorities valued at $2.2 billion and approved more than 2.5 million payments worth nearly $17.1 billion. The office rejected 192 contracts and related transactions valued at $309 million and more than 3,100 payments valued at nearly $19.1 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.

DiNapoli: State Needs to Better Protect Water Supply Infrastructure Against Natural Disasters, Cyberattacks and Terrorism

New York’s Health Department (DOH) and Division of Homeland Security and Emergency Services (DHSES) can do more to protect the state’s water systems from attacks and the threats posed by natural disasters like storms, according to an audit released today by State Comptroller Thomas P. DiNapoli.