The Office of the State Comptroller estimates that the State’s tax revenues will decline by 5.6 percent or $4.7 billion in SFY 2020-21 compared to the previous year. Such revenues are projected to grow by 1.6 percent in SFY 2021-22, and to increase by 4.3 percent in SFY 2022- 23
In October, the Office of the State Comptroller approved 1,469 contracts for state agencies and public authorities valued at $44.7 billion and approved nearly 12.4 million payments worth nearly $12.4 billion. The office rejected 112 contracts and related transactions valued at $2.2 billion and nearly 7,800 payments valued at more than $21.7 million, primarily for mistakes, insufficient support for charges, and improper payments. More information on these contracts and payments is available at www.openbooknewyork.com.
Career and Technical Education (CTE) programs that are supposed to prepare high school students for future employment are often failing to ready students for jobs that are in demand, are fast-growing, or pay higher wages, according to an audit released today by State Comptroller Thomas P. DiNapoli.
New York leads the nation in what it pays to the federal government compared to what it gets back from Washington, according to a report released today by New York State Comptroller Thomas P. DiNapoli. New York taxpayers paid $23.7 billion more in federal taxes than the state received in federal spending in federal fiscal year 2019.
State tax revenues through October totaled $43.8 billion, $3 billion lower than the same period in the previous fiscal year, according to the monthly State Cash Report released today by New York State Comptroller Thomas P. DiNapoli.
As policymakers consider possible expansion of revenue streams from gaming, New York State Comptroller Thomas P. DiNapoli released a report today on the industry in the state that calls for improvements in finding an appropriate balance between reliance on revenue generated from gaming activities and problem gambling.
The New York State Common Retirement Fund’s (Fund) estimated return in the second quarter of the State Fiscal Year (SFY) 2020-21 was 6.24 percent for the three-month period ending Sept. 30, 2020, and ended the quarter with an estimated value of $226.4 billion, according to New York State Comptroller Thomas P. DiNapoli.
In September, the Office of the State Comptroller approved 1,185 contracts for state agencies and public authorities valued at $48.9 billion and approved more than 27.1 million payments worth more than $25.9 billion. The office rejected 109 contracts and related transactions valued at $580 million and more than 9,900 payments valued at nearly $39.8 million primarily for mistakes, insufficient support for charges, and improper payments. More information on these contracts and payments is available at www.openbooknewyork.com.
New York State Comptroller Thomas P. DiNapoli announced today the following audits have been issued.
Halfway through the state’s fiscal year, state tax receipts are trailing last year by $2.8 billion, according to the September State Cash Report released by New York State Comptroller Thomas P. DiNapoli.
