Local government sales tax collections totaled $5.6 billion in the first calendar quarter (January-March) of 2024, an increase of 1.6%, or $87.3 million, compared to the same quarter last year, the lowest rate of growth since the first quarter in 2021, according to a report released today by State Comptroller Thomas P. DiNapoli. This growth was largely driven by New York City, with several upstate regions experiencing a year-over-year decline for the quarter.

New York State Comptroller Thomas P. DiNapoli today announced the following local government and school audits were issued.

New York State Comptroller Thomas P. DiNapoli, trustee of the New York State Common Retirement Fund (Fund), today announced the Fund’s adoption of its Responsible Workforce Management Policy and Principles (Policy). As part of the Fund’s investment due diligence of new investments within its $38 billion private equity asset class, the new Policy will require an evaluation of relevant workforce management policies and practices.

“After a lengthy process, the state budget includes increased spending and policy changes on issues of importance to New Yorkers, including housing, health care, mental health and education. While year-over-year spending growth appears to be significant, reserves are to be maintained at 15% of spending, consistent with recommendations I have long advocated. Adequate reserve levels are critical, as out year budget gaps and an uncertain economy create future fiscal pressure.

State Comptroller Thomas P. DiNapoli, Oneida County District Attorney Todd Carville, and the New York State Police today announced that Bruce Karam, the former long-time superintendent of the Utica City School District (UCSD), was sentenced to pay the UCSD restitution of $11,549 for the resources improperly diverted, serve five years’ probation and perform 250 hours of community service. Karam was also ordered to pay UCSD $150,000 by May 17, representing a reduction in his pension earnings from the date of his crime until his termination.