Employee ownership (EO) arrangements provide employees with a defined stake in the companies they work for and can impact business owners and individual workers positively. This report examines the prevalence of employee-owned firms in New York and provides options for policymakers to consider for educating businesses, workers, and communities on the benefits and drawbacks associated with EO.
New York State Comptroller Thomas P. DiNapoli released a report today that explains how employee ownership models, which give workers a stake in the companies that employ them, not only help stabilize companies’ bottom lines, but can increase employees’ income levels and improve their retirement security.
New York State Comptroller Thomas P. DiNapoli announced today the following audits have been issued.
New York State Comptroller Thomas P. DiNapoli today announced a tentative schedule of planned bond sales for New York State, New York City and their major public authorities during the fourth quarter of 2022.
The planned sales of $5.65 billion include $5.43 billion of new money and $216 million of refundings and reofferings as follows:
In August, the Office of the State Comptroller approved 1,555 contracts for state agencies and public authorities valued at $2.7 billion and approved more than 2 million payments worth nearly $10.3 billion. The office rejected 133 contracts and related transactions valued at $727.8 million and nearly 2,800 payments valued at more than $14.3 million, primarily for mistakes, insufficient support for charges, and improper payments. More information on these contracts and payments is available at Open Book New York.
New Yorkers and consumers across the nation are experiencing growing household debt. The average household debt in New York climbed to a new high of $53,830 at the end of 2021. While New Yorkers trail the national average debt burden ($55,810), student loan and credit card debt per capita were well above the national average, with student loan balances 335% higher than they were in 2003.
New York State Comptroller Thomas P. DiNapoli announced today the following audits have been issued.
New York has been slow when it comes to using some federal relief funds earmarked to alleviate the state’s affordable housing crisis, according to an audit released today by New York State Comptroller Thomas P. DiNapoli. The audit found that, under the management of Homes and Community Renewal (HCR) and its local program administrators, the distribution of funds has been delayed, putting some of the funding at risk.
New York state should improve its track record when it comes to promoting financial literacy and providing New Yorkers with access to information and tools to build their financial knowledge and skills, according to an audit released today by New York State Comptroller Thomas P. DiNapoli.
The average household debt in New York climbed to a new high of $53,830 at the end of 2021. While New Yorkers trail the national average debt burden ($55,810), student loan and credit card debt per capita were well above the national average, with student loan balances 335% higher than they were in 2003, according to a report released today by State Comptroller Thomas P. DiNapoli.
