Local government sales tax collections declined by 10 percent overall in 2020, or $1.8 billion, compared to the previous year, according to a report issued today by State Comptroller Thomas P. DiNapoli. This decline was steeper than the drop during the Great Recession, when local sales tax collections fell 6 percent statewide in 2009 compared to 2008.
Over the last decade, important new laws have expanded the state Department of Environmental Conservation’s (DEC) mission to address the urgent threat of climate change and other pressing issues, but spending to support the agency’s operations declined by 10 percent, according to a report released today by New York State Comptroller Thomas P. DiNapoli.
The Executive Budget for State Fiscal Year (SFY) 2021-22 relies on a range of actions to respond to the pandemic as well as eliminate a looming gap — spending cuts, new revenues, use of fund balances and increased borrowing — demonstrating the need for significant federal aid, according to an initial analysis by New York State Comptroller Thomas P. DiNapoli.
New York State Comptroller Thomas P. DiNapoli today announced the following school district audits were issued.
Thirty-one school districts statewide were designated in fiscal stress under New York State Comptroller Thomas P. DiNapoli’s Fiscal Stress Monitoring System for the school year ending on June 30, 2020.
The State Education Department’s (SED) weak enforcement of licensing requirements for non-degree proprietary schools let many continue to operate and collect tuition even though they faced financial uncertainty that put their students’ education — and tuition investments — at risk, an audit released today by State Comptroller DiNapoli found.
New York State Comptroller Thomas P. DiNapoli today announced the following local government audits have been issued.
New York State Comptroller Thomas P. DiNapoli today announced the following school district audit was issued.
“Gov. Cuomo put forward a state budget proposal during one of the most difficult times faced by our state. The pandemic is far from over, and it continues to have damaging effects on our revenues and spending. While our state economy has improved, state tax receipts are still $2.5 billion below the same point last year.
State tax receipts through the first nine months of the state fiscal year were $2.5 billion lower than last year, but were $1.8 billion higher than anticipated by the state Division of the Budget (DOB), according to the monthly State Cash Report released by New York State Comptroller Thomas P. DiNapoli.
Tax receipts in the month of December totaled $8.4 billion, $422.5 million above last year, and $1.4 billion above DOB’s latest projections.
