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NEWS from the Office of the New York State Comptroller
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DiNapoli: Local Tax Cap Will Be Two Percent in 2022

Property tax levy growth will be capped at 2% for 2022 for local governments that operate on a calendar-based fiscal year, State Comptroller Thomas P. DiNapoli announced today. This figure affects tax cap calculations for all counties, towns, and fire districts, as well as 44 cities and 13 villages. 

DiNapoli Announces Unprecedented Support for Climate Actions During 2021 Proxy Season

The New York State Common Retirement Fund reached agreements with all seven portfolio companies where it filed climate-related shareholder proposals during the 2021 proxy season, State Comptroller Thomas P. DiNapoli, trustee of the Fund, announced today. This was the first proxy season the Fund achieved agreements on all of its climate-related shareholder proposals.

DiNapoli Releases Bond Calendar for Third Quarter

New York State Comptroller Thomas P. DiNapoli today announced a tentative schedule for the planned bond sales for New York State, New York City and their major public authorities during the third quarter of 2021.

The planned sales of $6.75 billion include $4.25 billion of new money and $2.5 billion of refundings and reofferings as follows:

State Contract and Payment Actions in May

In May, the Office of the State Comptroller approved 1,325 contracts for state agencies and public authorities valued at $1.3 billion and approved nearly 18.9 million payments worth more than $19.1 billion. The office rejected 132 contracts and related transactions valued at $900 million and more than 8,300 payments valued at nearly $26 million, primarily for mistakes, insufficient support for charges, and improper payments. More information on these contracts and payments is available at www.openbooknewyork.com. 

New York State Comptroller DiNapoli Statement on New York City's Adopted Budget

New York City’s adopted $98.7 billion FY 2022 budget, beginning July 1, 2021, highlights the critical role a continued economic recovery and sound fiscal management will play in enabling long-term budget balance for the city. Fueled by a record level of personal income taxes ($14.9 billion) and corporate taxes in FY 2021, in addition to federal aid, the adopted budget takes important steps to increase reserves, including a $500 million deposit into the Rainy Day Fund, a first of its kind.

DiNapoli: Ontario County Resident Pleads Guilty to Stealing Funds From New York State Retirement System

New York State Comptroller Thomas P. DiNapoli and Ontario County District Attorney James Ritts announced today that Becky Smith Shaver pleaded guilty to grand larceny for stealing over $2,000 in pension payments from the New York State and Local Retirement System (NYSLRS) intended for retiree Gary Banas.