State Comptroller DiNapoli Releases Municipal & School Audits
New York State Comptroller Thomas P. DiNapoli today announced the following local government and school audits were issued.
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DiNapoli: Localities Spending More to Address Climate Change Hazards
A sample of local governments across New York reported $1.34 billion in actual and anticipated spending on capital projects over a 10-year period, with about 55% of the total in response to climate-related hazards such as increased flooding and storm damage, according to a report released today by State Comptroller Thomas P. DiNapoli.
DiNapoli: SFY 2022-23 Tax Collections Outperform Projections; Fall Below Previous Year
Tax collections for State Fiscal Year (SFY) 2022-23 totaled $111.7 billion, $2.9 billion higher than the forecast released by the Division of the Budget (DOB) in the Amended Executive Budget financial plan at the beginning of March but $9.5 billion lower than the previous year, according to the March State Cash Report released today by New York State Comptroller Thomas P. DiNapoli.
DiNapoli: Temporary Federal Spending Drives Up NY’s National Ranking in States’ Balance of Payments
The surge in federal spending in response to the COVID-19 pandemic significantly improved New York’s per capita ranking in the federal balance of payments from 49th in 2019 to 30th in Federal Fiscal Year (FFY) 2021, according to a report released by State Comptroller Thomas P. DiNapoli. For every dollar New York sent to the federal government in tax receipts, it received $1.51 back in federal spending, as compared to a national average of $1.70.
State Comptroller DiNapoli Releases School & Municipal Audits
New York State Comptroller Thomas P. DiNapoli today announced the following local government and school audits were issued.
Public-Private Partnerships Potentially a "Good Option" but Financial Risks for Taxpayers Must Be Addressed
As New York state grapples with cost-effective solutions for its estimated $250 billion in infrastructure needs over the next 20 years, the state should examine both the opportunities that public-private partnerships offer as well as the underlying financial risks associated with forming those partnerships, according to a report released today by State Comptroller Thomas P. DiNapoli.
DiNapoli Issues Report on Public-Private Partnerships
New York State Comptroller Thomas P. DiNapoli called for strong oversight provisions if New York broadens the authority of the state to enter into public-private partnership (P3) projects or goes forward with private financing of public projects. DiNapoli’s recommendations follow the release of a report today examining the benefits and problems that have plagued P3 projects elsewhere in the country.
DiNapoli: Value of IDA Projects Grew 10% in 2021 to $126 Billion
New York’s 107 local Industrial Development Authorities (IDAs) reported 4,324 active projects with an aggregate value of $126 billion in 2021, a 10.4%, or $11.9 billion, increase compared to 2020, according to a report released today by State Comptroller Thomas P. DiNapoli. The number of IDA projects increased by 1.5%.
State Comptroller DiNapoli Releases Municipal & School Audits
New York State Comptroller Thomas P. DiNapoli today announced the following local government and school audits were issued.
DiNapoli: Employment Recovery for New Yorkers with Disabilities Lags Nation
A new report released today by State Comptroller Thomas P. DiNapoli finds that after a nationwide spike in unemployment, New Yorkers with disabilities continue to face a higher unemployment rate than the national average for those with disabilities. In 2020, unemployment rates for working-aged people with a disability soared in both New York and the nation, reaching 13.9% and 13.4%, respectively. The national rate dropped to 8.2% in 2022, but in New York it was 11.9%.