State Comptroller DiNapoli Releases Municipal & School Audits
New York State Comptroller Thomas P. DiNapoli today announced the following local government and school audits were issued.
New York State
DiNapoli: Local Sales Tax Collections Near Flat in January Compared to Last Year
Local sales tax collections in New York state increased by 0.3% in January compared to the same month in 2023, according to data released today by State Comptroller Thomas P. DiNapoli. Overall, local collections totaled nearly $1.9 billion, up $4.8 million from the same time last year.
DiNapoli: Former Throop Supervisor Pays Full Restitution After Pleading Guilty to Felony for Stealing $11,000 from Town
The former Town of Throop Supervisor, William Tarby, paid full restitution as part of his sentencing after pleading guilty to stealing $11,000 from the town, State Comptroller Thomas P. DiNapoli, Attorney General Letitia James, and the New York State Police announced today. William Tarby pleaded guilty to grand larceny and official misconduct in January, and as part of his plea agreement, cannot seek public office again.
DiNapoli Releases Report on NYS Executive Budget
After the disruption caused by the COVID-19 pandemic, the state’s finances have stabilized, and the Division of Budget (DOB) is now forecasting reduced budget gaps. In his annual report assessing the proposed Executive Budget, State Comptroller Thomas P. DiNapoli identifies positive developments, as well as risks, challenges, and concerns, including several new proposals that restrict independent oversight by his office.
Report on the State Fiscal Year 2024-25 Executive Budget
After the disruption caused by the COVID-19 pandemic, the State’s finances have stabilized, and the Division of the Budget is now forecasting reduced budget gaps. In addition, the Executive Budget includes a new proposal to severely restrict the State Comptroller’s terms and conditions approval of certain State bond issuances. This critical oversight and approval role protects taxpayers from short-sighted financing decisions that too often burden taxpayers with debt that is risky and costly.
NY Common Retirement Fund Announces New Measures to Protect State Pension Fund From Climate Risk and Invest in Climate Solutions
The New York State Common Retirement Fund (Fund) will restrict its investments in eight integrated oil and gas companies, including Exxon Mobil Corp., after a review of the companies’ readiness to transition to a low-carbon economy, State Comptroller Thomas P. DiNapoli, trustee of the Fund, announced today.
DiNapoli: Pennsylvania Man Who Impersonated Deceased Father to Steal $194K in NYS Pension and Social Security Payments Sentenced to 5 Years in Prison
A Pennsylvania man who stole $194,000 of retirement benefits paid to his deceased father was sentenced today to five years in prison and ordered to pay full restitution, New York State Comptroller Thomas P. DiNapoli, the United States Attorney for the Eastern District of Pennsylvania Jacqueline C. Romero, the Inspector General for the Social Security Administration Gail S. Ennis, the United States Postal Inspection Service and the Federal Bureau of Investigation announced.
DiNapoli: State Pension Fund Valued at $259.9 Billion at End of Third Quarter
New York State Comptroller Thomas P. DiNapoli today announced that the estimated value of the New York State Common Retirement Fund (Fund) was $259.9 billion at the end of the third quarter of state fiscal year 2023-24. For the three-month period ending Dec. 31, 2023, Fund investments returned an estimated 6.18%.
New Yorkers in Need: The Housing Insecurity Crisis
For almost 3 million New Yorkers, housing costs constitute more than 30 percent of household income, with 1 in 5 households experiencing a severe cost burden of more than 50 percent of their income going to pay for housing. This report is the third and final report in the “New Yorkers in Need” series. It examines three categories of housing insecurity: high housing costs; physical inadequacy, including overcrowding and substandard conditions; and housing stress, including evictions and foreclosures, which may result in homelessness.
DiNapoli: Housing Cost Burdens for New Yorkers Among Nation's Highest
Almost three million New York households are dealing with housing costs that consume more than 30% of their household income, with 1 in 5 households experiencing a severe cost burden of more than 50% of their income going to pay for housing, according to a report by State Comptroller Thomas P. DiNapoli. This is the third report in the State Comptroller’s “New Yorkers in Need” series. Previous reports focused on poverty and food insecurity.