Admin

Subscribe to Admin

NYS Comptroller DiNapoli Statement on MTA's July Financial Plan

New York State Comptroller Thomas P. DiNapoli released the following statement today on the MTA's July financial plan:

“The Metropolitan Transportation Authority (MTA) has a duty to be clear with riders and toll payers on how the $15 billion hole in its 2020-2024 capital program will impact services. The presentation of the July plan makes clear that hundreds of millions of dollars in operational risks have been created by the funding hole, but we still do not yet know if or when critical capital upgrades and maintenance will happen.

Local Sales Tax Collections Increase by 2.2 Percent in the Second Quarter of 2024

Local government sales tax collections in New York State totaled $5.83 billion in the second calendar quarter of 2024, up 2.2 percent (or $127 million) compared to the same quarter last year. While year-over-year growth in the second quarter was slightly stronger than the 1.6 percent increase seen in the first quarter, it still lagged growth rates realized after the first quarter in 2021. However, it was not unusual to see collections increase around (or under) 2 percent, year over year, in the decade before the pandemic.

DiNapoli: Local Sales Tax Collections Up 2.2% in Second Quarter

Local government sales tax collections totaled $5.83 billion in the second calendar quarter (April-June) of 2024, an increase of 2.2%, or $127 million, compared to the same quarter last year, according to a report released today by State Comptroller Thomas P. DiNapoli. While this growth was largely driven by New York City, all other regions of the state also saw increases.

New York State’s Clean Energy Fund, July 2024

New York’s Clean Energy Fund (CEF), established in 2016 to help New York reach its clean energy goals, has made good progress on reaching its goals for distributed solar capacity and leveraged funds, but is behind in meeting its energy efficiency targets for 2025. Since 2016, the CEF spent $3.4 billion through 2023 and has achieved 45% of its total efficiency goals.

DiNapoli: Town of Alexander Clerk Arrested for Allegedly Stealing Nearly $3,000 of Taxpayer Funds

New York State Comptroller Thomas P. DiNapoli, Genesee County District Attorney Kevin T. Finnell, and the New York State Police announced the arrest of Shannon Tiede, the clerk of the Town of Alexander, for allegedly stealing nearly $3,000 from the town and altering town records to cover her theft.

DiNapoli: Former Chief of Border City Hose Company Pleads Guilty to Stealing Company Funds and Repays More Than $18,000

New York State Comptroller Thomas P. DiNapoli, Ontario County District Attorney James Ritts, and the New York State Police announced the guilty plea of John Morabito, former chief of the Border City Hose Company, for theft of $18,772 from the company.

“Mr. Morabito’s theft of money meant to protect his community was a violation of the public’s trust and a betrayal of his office,” DiNapoli said. “I thank District Attorney Ritts and the New York State Police for partnering with my office to hold him accountable and make the company whole.”

DiNapoli: NYC Contract Spending Rises $7 Billion Since FY 2019

New York City’s contract spending (excluding capital projects) has grown significantly in recent years, rising to $24.3 billion in fiscal year (FY) 2023, an increase of nearly $7 billion from FY 2019, representing an outsized share (41%) of total citywide operating spending growth in this period, according to a report released today by State Comptroller Thomas P. DiNapoli.

New York City Contract Spending Trends

New York City’s contract spending (excluding capital projects) has grown significantly in recent years, rising to $24.3 billion in fiscal year (FY) 2023, an increase of nearly $7 billion from FY 2019, representing an outsized share (41%) of total citywide operating spending growth in this period. Total contract spending for goods and services represented nearly 22% of operating spending in FY 2023, compared to 16% in FY 2010.