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Italian Heritage Month Reception

Each year State Comptroller Thomas P. DiNapoli commemorates Italian Heritage Month by honoring prominent members of the Italian-American community. In addition to this year's honorees, we will be joined by Joseph Sciame, President of IHCC-NY, INC, as our Emcee; Cav. Anthony Julian Tamburri, Ph.D., Dean of the John D. Calandra Italian American Institute (Queens College/CUNY), for reflections on Dante; and a musical performance by acclaimed Italian Tenor Luciano Lamonarca. 

The Securities Industry in New York City, October 2021

Wall Street’s run of prosperity extended into the first half of 2021 with $31 billion in pre-tax earnings, beating 2020’s outsized first half profits of $27.6 billion. Despite continued strong profitability, employment in the industry in New York City has sagged, even as it has ticked upward in the rest of the nation. Average salary, including bonuses, reached $438,000, the highest of any industry and nearly five times higher than the average in the rest of the private sector.

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NYC’s securities industry bringing in near record profits, but accelerating job losses and ongoing market volatility underscore the need for a continued equitable recovery that also includes Main St.

DiNapoli: Wall St. 2021 Profits near Record Levels

Wall Street’s run of prosperity extended into the first half of 2021 with $31 billion in pre-tax earnings, beating 2020’s outsized first half profits of $27.6 billion, even as job losses accelerated in New York City’s securities industry, according to State Comptroller Thomas P. DiNapoli’s annual report on Wall St.’s performance.

DiNapoli: ESD Falls Short in Evaluation of Nearly $2 Billion of Economic Development Programs

Empire State Development (ESD), the public authority responsible for administering many of New York state’s economic development programs, has failed to fully evaluate most of its programs to determine if they are boosting the state’s economy and promoting promised job and business growth, according to an audit released today by State Comptroller Thomas P. DiNapoli.

DiNapoli: State Tax Receipts Exceed Initial Projections By $7.2 Billion Through First Six Months

State tax receipts in State Fiscal Year (SFY) 2021-22 exceeded the Enacted Budget Financial Plan forecast (May estimates) by $7.2 billion through the end of September, according to the monthly State Cash Report released by New York State Comptroller Thomas P. DiNapoli. Tax collections were $1.8 billion greater than forecast by the Division of the Budget (DOB) in the First Quarter Update to the Financial Plan, released last month. Tax receipts through September 30th are $13.4 billion greater than they were through the same month in SFY 2020-21.

Auditors

Auditing is a critical function performed by Auditors/State Program Examiners. Our audits ensure government operations are run efficiently and effectively for the benefit of all New Yorkers. Auditors/Examiners use innovative, cutting-edge technologies to analyze organizations and programs that touch every aspect of our lives, including public health, education, the environment, State and local government budgets, and more. 

        

COVID-19 Relief Program Tracker, October 2021

Comptroller DiNapoli has launched his new online tool to monitor spending of federal recovery aid and COVID-19 relief programs in the State. The dashboard explains each federal and State program, and how much has been received and spent to date. The data will be updated monthly and New Yorkers can use the tool to understand how federal aid is used and to inform future conversations about budget priorities.