New York State

DiNapoli: Tax Cap Remains at Two Percent for 2020

Property tax levy growth for local governments with fiscal years that close on Dec. 31 will be capped at 2 percent for the 2020 fiscal year, according to State Comptroller Thomas P. DiNapoli. This figure affects the tax cap calculations for all counties, towns, fire districts, 44 cities and 10 villages.

"The allowable levy growth will be 2 percent for the second year in a row, however, mixed economic signals may require local governments to respond to changing financial conditions,” DiNapoli said. “Local officials should remain vigilant when crafting their budgets.”

DiNapoli Releases Analysis of State Budget Financial and Capital Plans

The state’s fiscal year (SFY) 2019-20 Enacted Budget Financial Plan projects healthy growth in tax receipts and federal aid for the current fiscal year, but raises concerns about long-term balance, increasing debt and the impacts of federal policies, according to a report released today by State Comptroller Thomas P. DiNapoli. The $177 billion spending plan for SFY 2019-20 is up $6.2 billion from SFY 2018-19.

State Contract and Payment Actions in May

In May, the Office of the State Comptroller approved 1,872 contracts for state agencies and public authorities valued at $3.9 billion and approved nearly 2.2 million payments worth nearly $14.8 billion. The office rejected 164 contracts and related transactions valued at $310 million and more than 3,600 payments valued at more than $28.5 million. More information on these contracts and payments is available at www.openbooknewyork.com.

DiNapoli: Lax Oversight of Summer Jobs and After School Programs Provider Led to Contract Violations

A non-profit, paid millions by New York City to provide summer jobs and after school programs for youth, violated its contract by charging parents “enrollment fees” and hiring its own executives’ children, among other troubling findings, according to an audit released today by New York State Comptroller Thomas P. DiNapoli.

DiNapoli Releases Climate Action Plan

New York State Comptroller Thomas P. DiNapoli today released a Climate Action Plan to protect and invest the assets of the $210 billion New York State Common Retirement Fund (Fund). The plan lays out a path for the Fund to further address climate risk in its portfolio. Subject to fiduciary analysis, the Fund may divest from companies that fail to meet minimum standards.

Many New Yorkers Struggle to Pay for Housing

Too many New Yorkers are burdened by high housing costs, according to a report released today by State Comptroller Thomas P. DiNapoli. Nearly 1.4 million households paid half or more of their income in 2017 towards housing costs.

State Medicaid Bought Erectile Dysfunction Drugs for Sex Offenders

The state’s Medicaid program paid more than $60,000 for sexual and erectile dysfunction (ED) drugs and treatments for 47 sex offenders, according to an audit released today by State Comptroller Thomas P. DiNapoli.

In total, Medicaid made more than $930,000 in payments for ED drugs and treatments for recipients, including sex offenders, that are barred under Medicaid.

State Contract and Payment Actions in April

In April, the Office of the State Comptroller approved 1,361 contracts for state agencies and public authorities valued at $4 billion and approved nearly 5.2 million payments worth more than $11 billion. The office rejected 116 contracts and related transactions valued at $950 million and nearly 5,400 payments valued at nearly $75 million. More information on these contracts and payments is available at www.openbooknewyork.com.