State Comptroller DiNapoli Releases Municipal Audits
New York State Comptroller Thomas P. DiNapoli today announced the following local government audits have been issued.
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DiNapoli: NYC's Shelter Repair Process Needs Its Own Fix
New York State Comptroller Thomas P. DiNapoli today released an audit of the New York City Department of Homeless Services’ (DHS) efforts to make capital improvements to shelters. The audit found that badly-needed shelter repairs are too often delayed with little or no explanation, allowing conditions to deteriorate further and, in some cases, forcing residents to relocate.
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State Comptroller DiNapoli Releases Audits
New York State Comptroller Thomas P. DiNapoli announced today the following audits have been issued.
DiNapoli Appoints Navyug Patel Deputy Chief Investment Officer of the New York State Common Retirement Fund
New York State Comptroller Thomas P. DiNapoli today announced his appointment of Navyug “Nav” Patel as deputy chief investment officer of the New York State Common Retirement Fund. Patel has served as the Fund’s interim deputy CIO since July 2018.
DiNapoli: New York State Common Retirement Fund Reaches Agreements With Portfolio Companies on Political Spending
Three major U.S. companies have agreed to fully disclose their political spending under agreements reached with the New York State Common Retirement Fund (Fund), New York State Comptroller Thomas P. DiNapoli announced today.
DiNapoli: State Tax Revenues Down $3 Billion Through July
State tax receipts of $26.4 billion through the first four months of the state fiscal year were $3 billion, or 10.2 percent, below the same period last year, according to the July cash report issued today by State Comptroller Thomas P. DiNapoli.
New York’s Economy and Finances in the COVID-19 Era
Local Sales Tax Collections
Sales tax collections continue decline due to COVID-19 pandemic.
DiNapoli: Local Sales Tax Collections Drop 8.2 Percent in July
Sales tax revenue for local governments in July fell 8.2 percent compared to the same period last year, according to New York State Comptroller Thomas P. DiNapoli. Collections for counties and cities in July totaled $1.3 billion, or $116 million less than in July 2019. Although revenue is still down compared to July 2019, the decline is less steep than any month since March, when the COVID-19 pandemic began to affect sales tax collections.