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DiNapoli: Former NYU Finance Director Pays Over $660,000 in Restitution for Role in Multi-Million Dollar Fraud

A former director of finance and administration at New York University paid full restitution of $663,209 after pleading guilty to grand larceny for orchestrating a $3.5 million, 6-year fraud relating to two NYU programs, State Comptroller Thomas P. DiNapoli and Manhattan District Attorney Alvin L. Bragg Jr. announced today.

Local Sales Tax Collections Increase by 1.6 Percent in the First Quarter of 2024

Local government sales tax collections in New York State totaled $5.6 billion in the first calendar quarter of 2024, up 1.6 percent (or $87.3 million) compared to the same quarter last year. While this marked the lowest rate of growth since the same quarter in 2021, it is important to note that where were several quarters of under 2 percent growth in the two decades prior to the pandemic. New York City’s 3.2 percent increase in first quarter collections was responsible for nearly all statewide growth.

DiNapoli: Local Sales Tax Collections Up 1.6% in First Quarter

Local government sales tax collections totaled $5.6 billion in the first calendar quarter (January-March) of 2024, an increase of 1.6%, or $87.3 million, compared to the same quarter last year, the lowest rate of growth since the first quarter in 2021, according to a report released today by State Comptroller Thomas P. DiNapoli. This growth was largely driven by New York City, with several upstate regions experiencing a year-over-year decline for the quarter.