State Comptroller DiNapoli Releases Audits
New York State Comptroller Thomas P. DiNapoli announced today the following audits have been issued.
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New York’s Balance of Payments in the Federal Budget - Federal Fiscal Year 2020
Historic relief funds from the federal government, provided in response to the COVID-19 pandemic, boosted New York’s per capita balance of payments from Washington from second-to-last in federal fiscal year 2019 to 40th in 2020. During this period, New York received $1.59 for every tax dollar paid to Washington, an increase from 91 cents from the prior year, but still below the national average of $1.92.
Hero Banner - NYC Dashboards to Track NYC’s Economic Recovery
See how the COVID-19 pandemic has impacted key industries in NYC.
New York’s Balance of Payments in the Federal Budget: Fiscal Year 2020 - Interactive Map
State Comptroller DiNapoli Releases Audits
New York State Comptroller Thomas P. DiNapoli today announced the following audits were issued.
Town of Hempstead – Budgeting (Nassau County)
The board did not adopt realistic and appropriate budgets, and the town’s preliminary budgets for 2017-2020 fiscal years did not include the fund balance estimates required by Town Law.
Federal Relief Aid Temporarily Reverses Trend of NY Sending More to Washington Than It Gets Back
Historic relief funds from the federal government, provided in response to the COVID-19 pandemic, boosted New York’s per capita balance of payments from Washington from second-to-last in federal fiscal year (FFY) 2019 to 40th in FFY 2020 among states, according to a report released by New York State Comptroller Thomas P. DiNapoli. New York received $146 billion, or $7,236 per capita, more in federal spending than residents paid in total taxes to the federal government in FFY 2020.
New York City Industry Sector Dashboards
The COVID-19 pandemic hit New York City particularly hard, causing massive job losses at major employers such as restaurants, hotels and retail stores. These dashboards follow a series of reports released over the past two years tracking economic data and the effect of the pandemic on these critical sectors and will help identify areas of weakness as well as positive developments.
NYS Comptroller DiNapoli Prohibits New Russian Investments and Directs Investment Review
New York State Comptroller Thomas P. DiNapoli has directed staff to prohibit all new investments in Russian companies and to review the New York State Common Retirement Fund’s (Fund) current investments and assess whether they present financial risks that warrant further restrictions or divestment. He is also reaching out to the Fund’s investment managers to urge them to conduct a similar examination to mitigate investment risk and minimize market impact.
New York’s Balance of Payments in the Federal Budget: Federal Fiscal Year 2020
State Contract and Payment Actions in January
In January, the Office of the State Comptroller approved 1,323 contracts for state agencies and public authorities valued at $3.3 billion and nearly 1.9 million payments worth nearly $11 billion. The office rejected 69 contracts and related transactions valued at $109.5 million and more than 3,400 payments valued at nearly $7.6 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.