The city of Mount Vernon faced financial uncertainty and problems because it lacked critical operational controls over finances, electronic banking, purchasing goods and services and segregating financial duties, according to an audit released today by New York State Comptroller Thomas P. DiNapoli.

State Comptroller Thomas P. DiNapoli today announced the following local government audits were issued.

Twenty-three school districts statewide were designated in some level of fiscal stress under New York State Comptroller Thomas P. DiNapoli’s Fiscal Stress Monitoring System for the school year (SY) ending on June 30, 2021, down from 31 school districts in fiscal stress the prior year.

New York State Comptroller Thomas P. DiNapoli today announced the following school district audits have been issued.

The New York State Office for the Aging (NYSOFA) failed to spend millions of dollars on programs geared to support senior citizens, even during the COVID-19 pandemic when the need was greater, according to an audit released today by State Comptroller Thomas P. DiNapoli.

New York State Comptroller Thomas P. DiNapoli and the state’s pension fund today announced the filing of shareholder proposals seeking an independent audit of companies’ practices related to racial equity.

New York State Comptroller Thomas P. DiNapoli today released the following statement on New York City’s property tax assessments:

“The release of New York City’s tentative property assessment roll suggests a bright spot for New York City’s finances entering fiscal year (FY) 2023, amid uncertainty in the city's economic recovery and its impact on city property taxes, the largest source of city revenues.

New York State Comptroller Thomas P. DiNapoli released the following statement on Governor Hochul’s executive budget proposal:

“Governor Hochul introduced an executive budget proposal at a critical moment in our state’s history. As we continue our recovery we are faced with many challenges, but the proposed budget sets forth the Governor’s priorities to address them while also recognizing the importance of achieving and maintaining long-term structural budget balance.

Tax receipts for the first nine months of State Fiscal Year (SFY) 2021-22 continue to exceed projections, totaling $84.4 billion. This amount is significantly higher than the most recent forecast by the Division of the Budget contained in the Mid-Year Update to the Financial Plan. While tax collections have exceeded forecast throughout the current fiscal year, December results are also affected by a newly established tax structure, the Pass Through Entity Tax (PTET).

New York State Comptroller Thomas P. DiNapoli, Cattaraugus County District Attorney Lori Pettit Rieman and the New York State Police announced the arrest of Terry Gaylor Jr., for allegedly stealing over $116,000 from the City of Olean Fire Department (COFD). Gaylor Jr., a former trustee and current firefighter with COFD, was arrested after a joint investigation by the Comptroller, District Attorney and State Police.