The Metropolitan Transportation Authority (MTA) has been slow to reverse the deterioration in service and its financial plan entails considerable risk, according to an analysis released today by New York State Comptroller Thomas P. DiNapoli. The Comptroller's annual report on the MTA's financial outlook highlights the challenges facing the MTA.
New York City is projecting a surplus of $3.5 billion in fiscal year (FY) 2019, which it plans to use to help balance the $92.5 billion proposed 2020 budget, but tax collections continue to exceed expectations. The surplus results mostly from resources from the citywide savings program, a reduction in unneeded reserves in the current fiscal year and higher-than-expected revenues, according to a report released today by State Comptroller Thomas P. DiNapoli.
The construction industry in New York state has set employment records for four consecutive years with New York City accounting for half of the state’s construction job gains since 2010, according to a report released today by State Comptroller Thomas P. DiNapoli.
Many of Long Island’s 2.8 million residents enjoy a high quality of life, marked by low unemployment, low crime rates, strong public schools and infrastructure improvements, but they also contend with high taxes and home prices, and challenging commutes, according to a report on the Island’s economy released today by New York State Comptroller Thomas P. DiNapoli.
New York City employment reached 4.55 million jobs in 2018, the highest level ever recorded, according to a report released today by State Comptroller Thomas P. DiNapoli.
“New York City is experiencing its largest and longest job expansion since the end of World War II and the city has been the driving force behind the state’s employment gains,” DiNapoli said. “While job growth remains strong, there are national and global risks that could affect the pace of future growth.”
The New York City Mayor’s preliminary executive budget for FY 2020 is balanced, but there are risks, including proposed drops in state assistance, potential federal budget cuts and slower economic growth, according to a report released today by New York State Comptroller Thomas P. DiNapoli.
An audit released today by New York State Comptroller Thomas P. DiNapoli found the NYC Department of Education (DoE) was not doing enough to report incidents of bullying, harassment and discrimination as required by the state’s Dignity for All Students Act (DASA).
Securities industry profits in 2018 were 11 percent higher than the previous year, but the average bonus paid to industry employees in New York City declined by almost 17 percent to $153,700, according to an estimate released today by New York State Comptroller Thomas P. DiNapoli.
New York State Comptroller Thomas P. DiNapoli and Bronx District Attorney Darcel D. Clark today announced the guilty plea of Earnestine Russell to grand larceny in the third degree for stealing grant money from a state-administered, federally-funded grant to support after-school programs for middle school children. Russell was sentenced to one year in jail and must pay back $61,098.
New York State Comptroller Thomas P. DiNapoli announced the following local government audits have been completed.
Auditors reviewed 184 tax payments totaling $237,500 and found they were recorded properly and deposited intact but were not always remitted to the appropriate parties in a timely manner.
