Admin

DiNapoli: $2.9 Billion Hole Threatens MTA’s Capital Program

New York State Comptroller Thomas P. DiNapoli’s annual report on the Metropolitan Transportation Authority’s debt levels found the MTA does not have the resources to fully fund its $54.8 billion 2020-2024 capital program, which is vital to improving riders’ experience and bringing them back to the transit system.

How to Obtain Your Personal Records Under the Personal Privacy Protection Law

The New York State Personal Privacy Protection Law (PPPL), which is set forth in Article 6-A of the Public Officers Law (§§91-99), is intended to protect your privacy by regulating the manner in which State agencies collect, maintain and disseminate personal information about you. The PPPL also enables you to access and/or correct information the Office of the State Comptroller (OSC) has on file which pertains to you.

New York’s Economy and Finances in the COVID-19 Era (April 16, 2021)

To date, New York businesses and not-for-profits have received $51.0 billion of federal Paycheck Protection Program (PPP) loans, low-interest loans first authorized in March 2020 in response to economic hardships faced by these entities due to the pandemic. This report provides a profile of PPP loans by county, industry, and business size.

DiNapoli: 2020-21 Tax Revenues $3 Billion Over Projections

Tax collections for State Fiscal Year (SFY) 2020-21 totaled $82.4 billion — $3 billion higher than forecast by the state Division of the Budget (DOB) in the Amended Executive Budget Financial Plan in February (latest projections), and $6.8 billion higher than forecast in May 2020 (initial projections), according to the March State Cash Report released today by New York State Comptroller Thomas P. DiNapoli. Total tax collections for SFY 2020-21 were $513.3 million lower than the previous year.

DiNapoli: Middletown Chiropractor Sentenced to Nine Years for Insurance Fraud

State Comptroller Thomas P. DiNapoli announced James “Jay” Spina was sentenced in federal court for running a large-scale health care insurance fraud scheme. Spina and three co-conspirators systematically double-billed insurers, charged for services never rendered, created shell companies and falsified records to hide their crimes.

Spina pled guilty to one count of conspiracy to commit health care fraud and today was sentenced to serve 108 months (nine years) in federal prison, plus three years of probation and pay $9.7 million in restitution and forfeit $9.1 million.