For the first time since the Great Recession, more than 9.1 million New Yorkers were working in 2016, according to a report released today by State Comptroller Thomas P. DiNapoli. But regional growth remained uneven, with downstate regions experiencing the highest employment growth while most upstate regions saw declines.
New York State Comptroller Thomas P. DiNapoli announced today the following audits and examinations have been issued:
The New York State Common Retirement Fund’s (CRF) overall return in the third quarter of state fiscal year 2016-2017 was 1.11 percent for the three-month period ending Dec. 31, 2016, with an estimated value of $186 billion, according to New York State Comptroller Thomas P. DiNapoli.
Employer contribution rates for the New York State and Local Retirement System (NYSLRS) in State Fiscal Year 2018-19 will decrease from State Fiscal Year 2017-18, New York State Comptroller Thomas P. DiNapoli announced today.
The estimated average contribution rate for the Employees’ Retirement System (ERS) will decrease from 15.3 percent of payroll to 14.9 percent of payroll. The estimated average contribution rate for the Police and Fire Retirement System (PFRS) will decrease from 24.4 percent to 23.5 percent of payroll.
State Comptroller Thomas P. DiNapoli announced today his office approved 1,468 contracts valued at $2.28 billion and approved nearly 1.8 million payments worth nearly $6.3 billion in July. His office also rejected 142 contracts and related transactions valued at $254 million and more than 800 payments valued at more than $2.7 million due to concerns about fraud, waste or other improprieties.
State income tax collections increased $88.2 million in July from a year earlier, helping lift the state’s total tax collections slightly above updated projections this month, according to the state cash report issued today by State Comptroller Thomas P. DiNapoli.
"July was the first month in this fiscal year that personal income tax collections outpaced those from last year, which is a positive development," DiNapoli said. "Federal receipts have grown, but that may change depending upon developments in Washington."
The Department of Motor Vehicles (DMV) has not done enough to prevent automotive repair shops and inspection stations from operating without valid registrations, putting consumers at an increased risk to be scammed by dishonest businesses, according to an audit issued today by New York State Comptroller Thomas P. DiNapoli.
New York State Comptroller Thomas P. DiNapoli released the following statement in response to events in Charlottesville.
"The chaos and tragic loss of life in Charlottesville are a warning and a wake-up call. Violence and intolerance are taking the place of discourse in our nation. All leaders, particularly the White House, must call out domestic terrorism and white supremacist hatred by name. Failure to confront and condemn the disease only helps it grow."
The New York State Common Retirement Fund's (Fund) overall return in the first quarter of the state fiscal year 2017-2018 was 2.9 percent for the period ending June 30, 2017, with an estimated value of $197.1 billion, according to New York State Comptroller Thomas P. DiNapoli.
"Strong domestic stock market returns continued to buoy our investments through the opening months of the state fiscal year," DiNapoli said. "As a long term investor, the fund's performance is best measured by its success over a period of years if not decades, but we always welcome a strong quarter."
New York State Comptroller Thomas P. DiNapoli announced today the following audits and examinations have been issued:
