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State Comptroller DiNapoli Releases Municipal Audits
New York State Comptroller Thomas P. DiNapoli today announced the following local government audits were issued.
Auditors conducted reviews of 20 adopted budgets of various counties, cities, towns and villages across the state to assess whether local officials adequately considered the impact of the pandemic on their financial operations while developing their 2021 fiscal year budgets. Below are the findings of some of the communities reviewed:
New York’s Economy and Finances in the COVID-19 Era (June 3, 2021)
The COVID-19 pandemic and resulting economic shutdown quickly led to soaring unemployment rates in New York; those rates subsequently declined slowly but steadily. However, for New Yorkers who face unique challenges due to a disability, unemployment rates increased more quickly and have remained stubbornly high, disrupting progress that had been made leading up to the pandemic.
New York’s Economy and Finances in the COVID-19 Era (June 3, 2021)
June 3, 2021 Edition
MWBE 2020-2021 Fiscal Year Report
The New York State Minority- and Women-Owned Business Enterprise (MWBE) Asset Management and Financial Institution Strategy (Chapter 171, Laws of 2010) was enacted to codify and replicate best practices for providing MWBEs that are asset managers, investment banks and financial and professional service providers with the opportunity to offer services to fiduciary-controlled entities established by New York State law.
The Construction Industry in New York City: Recent Trends and Impact of COVID-19
The COVID-19 pandemic brought a halt to the growth of the construction industry nationwide which, prior to the pandemic, had been growing strongly. This was especially true in New York State and New York City.
NYS Comptroller DiNapoli Statement on Major Support for Racial Equity Audit at Amazon
New York State Comptroller Thomas P. DiNapoli released the following statement in response to Amazon’s disclosure of vote results from its annual meeting on Wednesday. DiNapoli and the New York State Common Retirement Fund’s request for an independent review of the company’s policies and practices related to racial diversity, equity and inclusion won support from 44.18% of Amazon shareholders, an immense success for a first-time proposal.
NYS Comptroller DiNapoli: Beware Text Message Scam Targeting Retirees
New York State Comptroller Thomas P. DiNapoli today warned retirees not to be fooled if they received text messages or other communications that purport to come from the state’s retirement fund and the Office of the State Comptroller, asking for a payment to “upgrade” the retirement fund. It’s a scam. Report the message to the Federal Bureau of Investigation’s Internet Crime Complaint Center at www.ic3.gov or by calling the Albany FBI Field Office at 518-465-7551 or 1-800-CALLFBI.
Construction Workers Industry Hero Banner
More than half of losses coming in New York City, which saw employment fall for first time in nine years.
DiNapoli: Jobs in NYC Construction Industry Took Huge Hit During Pandemic, Over 14% Decline
The loss of 44,400 construction jobs due to the COVID-19 pandemic in 2020 was the state’s worst annual decline in the industry in more than 25 years, with more than half the losses coming from New York City, according to a report released today by State Comptroller Thomas P. DiNapoli. Construction was the city’s fastest-growing sector from 2011 to 2019, rising by 43.5 percent, until it was brought to a halt by the pandemic.