A quote from State Comptroller Thomas P. DiNapoli: "My office is committed to full transparency in government spending. New York is seeing an historic level of federal funding right now and our job is to follow the money and ensure funds are used wisely and administrated efficiently." End of quote.
New York State Comptroller Thomas P. DiNapoli today announced a tentative schedule for the planned bond sales for New York State, New York City and their major public authorities during the fourth quarter of 2021.
The planned sales of $5.05 billion include $3.06 billion of new money and $1.99 billion of refundings and reofferings as follows:
The Comprehensive Annual Financial Report for the New York State and Local Retirement System (the System or NYSLRS) for the fiscal year ended March 31, 2021.
State Comptroller Thomas P. DiNapoli, Madison County District Attorney William Gabor and New York State Police Superintendent Kevin P. Bruen today announced that former state police mechanic Jeffrey Rapasadi has pleaded guilty to corrupting the government in the third degree, a felony, and petit larceny, a misdemeanor. At the time of his plea, he paid back $12,865 in restitution and was placed on interim probation.
This is the second guilty plea that has resulted from their joint investigation.
In August, the Office of the State Comptroller approved 1,439 contracts for state agencies and public authorities valued at $1.4 billion and approved more than 18.9 million payments worth more than $14.7 billion. The office rejected 137 contracts and related transactions valued at $149.5 million and more than 14,800 payments valued at more than $8.9 million, primarily for mistakes, insufficient support for charges, and improper payments. More information on these contracts and payments is available at www.openbooknewyork.com.
New York State Comptroller Thomas P. DiNapoli today announced the following local government audits were issued.
NYC’s regional transit system averted a pandemic disaster with $10.5 billion in federal aid. In 2025, that money runs out. Looming challenges may create new emergencies if not addressed quickly.
The Metropolitan Transportation Authority (MTA) has fended off fiscal disaster brought on by the COVID-pandemic, but it is not out of the woods yet, according to a report released today by New York State Comptroller Thomas P. DiNapoli.
Since the start of the COVID-19 pandemic, the MTA has been in a state of existential crisis. The Comptroller’s annual report on the MTA’s finances details how the combination of higher spending, the winding down of federal aid, the risk of lower ridership levels, increased impact from extreme weather, potential service reductions and other factors put the MTA in danger starting in 2025.
