New York leads the nation in what it pays to the federal government compared to what it gets back from Washington, according to a report released today by New York State Comptroller Thomas P. DiNapoli. New York taxpayers paid $23.7 billion more in federal taxes than the state received in federal spending in federal fiscal year 2019.
State tax revenues through October totaled $43.8 billion, $3 billion lower than the same period in the previous fiscal year, according to the monthly State Cash Report released today by New York State Comptroller Thomas P. DiNapoli.
As policymakers consider possible expansion of revenue streams from gaming, New York State Comptroller Thomas P. DiNapoli released a report today on the industry in the state that calls for improvements in finding an appropriate balance between reliance on revenue generated from gaming activities and problem gambling.
The New York State Common Retirement Fund’s (Fund) estimated return in the second quarter of the State Fiscal Year (SFY) 2020-21 was 6.24 percent for the three-month period ending Sept. 30, 2020, and ended the quarter with an estimated value of $226.4 billion, according to New York State Comptroller Thomas P. DiNapoli.
In September, the Office of the State Comptroller approved 1,185 contracts for state agencies and public authorities valued at $48.9 billion and approved more than 27.1 million payments worth more than $25.9 billion. The office rejected 109 contracts and related transactions valued at $580 million and more than 9,900 payments valued at nearly $39.8 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 Thomas P. DiNapoli announced today the following audits have been issued.
Halfway through the state’s fiscal year, state tax receipts are trailing last year by $2.8 billion, according to the September State Cash Report released by New York State Comptroller Thomas P. DiNapoli.
At least 20 percent of the publicly owned sewer systems in New York state were not reporting overflow events or registered with the electronic notification system (NY-Alert) that tracks those events, potentially putting the public at risk, according to an audit of the Department of Environmental Conservation (DEC) released today by State Comptroller Thomas P. DiNapoli.
"New York lost an icon today with the passing of Former Senate Majority Leader Joe Bruno. The senator served his community for over three decades, the last fourteen as majority leader where he led the state through difficult times. A tough negotiator and straight-talker, he was also beloved by so many for his kindness and great sense of humor. He was dedicated to the Capital Region and always 100 percent behind efforts to position this area for a better future. I send my condolences to Joe’s family and his many friends from across the state of New York."
New York State Comptroller Thomas P. DiNapoli and Rockland County District Attorney Thomas E. Walsh II announced that Ricardy Cesar, 54, of Middletown, N.Y., pleaded guilty in Rockland County Court before Judge Larry J. Schwartz to petit larceny for stealing nearly $4,000 from the New York State & Local Retirement System (NYSLRS).
Cesar was sentenced to a one year conditional discharge and 75 hours of community service, and was ordered to pay back the money.
