The retail sector, one of New York City’s biggest employers, is having an uneven recovery from the COVID-19 pandemic, with “non-essential” retailers struggling but online sellers booming, according to a report released today by State Comptroller Thomas P. DiNapoli.
New York State Comptroller Thomas P. DiNapoli released the following statement today in response to the Metropolitan Transportation Authority’s release of its November budget and financial plan:
“Our regional transit system is on the edge of a precipice. Without a significant infusion of federal funds, the region faces service cuts in 2021 that would change public transit as we know it. It’s too late for federal help to assist the MTA this year, forcing it to borrow almost $3 billion to get through 2020 and saddling it with even more debt in the coming years.
New York City, facing significant uncertainty in its economic and financial outlook, should develop a comprehensive plan to lay out its options before resorting to long-term borrowing to fund operations, according to a report released today by State Comptroller Thomas P. DiNapoli. DiNapoli urged the federal government to provide relief, as it has after each of the last two recessions.
Amidst the economic tumult brought on by the COVID-19 pandemic, the securities industry saw its pretax profits reach $27.6 billion in the first six months of 2020, an 82 percent increase over the same period last year, according to State Comptroller Thomas P. DiNapoli’s annual report on Wall St.’s performance.
The Metropolitan Transportation Authority (MTA) is facing the greatest crisis in its long history, with few viable options without federal funding to avoid cuts in service and staff, additional fare hikes and long-lasting damage that could impair regional transit for decades, according to New York State Comptroller Thomas P. DiNapoli’s annual report on the MTA’s finances.
Having no heat or hot water is a hazard that is supposed to be addressed in 24 hours, but the city’s Department of Housing Preservation and Development (HPD) has likely missed numerous complaints because it wrongly thought they were duplicates, according to an audit released today by New York State Comptroller Thomas P. DiNapoli.
New York City’s restaurant industry had 23,650 establishments in 2019, provided 317,800 jobs, paid $10.7 billion in total wages citywide and delivered nearly $27 billion in taxable sales, but many restaurants and bars have closed or significantly reduced their operations because of the COVID-19 pandemic, leaving tens of thousands unemployed, according to a report released today by State Comptroller Thomas P. DiNapoli.
Limited course offerings and lack of access to advisors may be keeping students at the City University of New York (CUNY) from graduating within four years, according to an audit released today by State Comptroller Thomas P. DiNapoli.
New York State Comptroller Thomas P. DiNapoli released the following statement in response to the Metropolitan Transportation Authority's announcement of its plans for severe cuts and other measures, if it does not receive needed federal assistance:
New York State Comptroller Thomas P. DiNapoli today released an audit of the New York City Department of Homeless Services’ (DHS) efforts to make capital improvements to shelters. The audit found that badly-needed shelter repairs are too often delayed with little or no explanation, allowing conditions to deteriorate further and, in some cases, forcing residents to relocate.
