State Comptroller Thomas P. DiNapoli today announced the details of the competitive sale scheduled for March 13 of tax-exempt New York State General Obligation bonds. The state expects to sell $115.7 million for new money transportation, education and environmental purposes.
New York State Comptroller Thomas P. DiNapoli announced today the following audits and examinations have been issued.
Mortgage foreclosure filings across New York dropped 46 percent between 2013 and 2018, from 46,696 to 25,334, according to a report issued today by New York State Comptroller Thomas P. DiNapoli.
State Comptroller Thomas P. DiNapoli today awarded $114.04 million of New York State Series 2019A Tax-Exempt General Obligation Bonds to Wells Fargo Bank, National Association, which submitted the lowest true interest cost bid of 1.668079 percent in the competitive sale. The bonds are scheduled to be delivered on March 21, 2019.
New York State Comptroller Thomas P. DiNapoli today announced that he has filed shareholder proposals at four portfolio companies — Gaming and Leisure Properties, New Residential Investment Corp., Sinclair Broadcast Group and Trip Advisor — seeking increased board diversity, inclusive of sex, race, ethnicity, age, gender identity and sexual orientation. The companies are among hundreds with no women directors that DiNapoli has contacted as trustee of the New York State Common Retirement Fund in recent months.
The Office of New York State Comptroller Thomas P. DiNapoli released the following letter today from Robert Ward, deputy comptroller for the Division of Budget and Policy Analysis, providing a state budget revenue forecast, as required by state law.
Read the letter: https://osc.state.ny.us/sites/default/files/other/documents/pdf/2019-04/budget-letter-2019.pdf
In January, the Office of the State Comptroller approved 1,732 contracts for state agencies and public authorities valued at $21 billion and approved more than 1.8 million payments worth nearly $10.2 billion. The office rejected 168 contracts and related transactions valued at $290 million and more than 2,400 payments valued at more than $4.7 million. More information on these contracts and payments is available at www.openbooknewyork.com.
The $175.1 billion State Fiscal Year (SFY) 2019-20 Executive Budget advances several measures to reduce the financial risks posed to New York by unpredictable tax revenues and federal funding, according to a report released today by State Comptroller Thomas P. DiNapoli. Still, larger-than-expected declines in current fiscal year tax collections leave uncertainty that may not be fully clarified before the April 1 start of the new fiscal year.
"New York's revenue picture is increasingly challenged. The final January revenue numbers for the state released by my office today confirm the substantial shortfall the Governor and I announced earlier this month. In addition, the Division of the Budget's updated financial plan reduces projected tax receipts in the coming years by billions of dollars.
New York State Comptroller Thomas P. DiNapoli, Trustee of the New York State Common Retirement Fund (Fund), today announced that the Fund has reached an agreement with Hilton Worldwide Holdings Inc. to fully disclose its political spending and has filed shareholder proposals seeking the same disclosure from eight more of the Fund’s portfolio companies, including Duke Energy Corp. and Wynn Resorts Ltd.
