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Review of the Financial Plan of the City of New York, February 2024

Better-than-projected revenues and planned cost savings benefited New York City’s budget outlook for Fiscal Year 2025, but outyear budget gaps remain large due to the end of federal pandemic aid and a lack of federal funding to support asylum seeker costs. Additional City funding for education and social services programs that support working-class families may be needed if those programs will be maintained at current levels in the future.  

Comptroller DiNapoli, Manhattan D.A. Bragg Announce Guilty Plea of Former NYU Director of Finance for Major Fraud

New York State Comptroller Thomas DiNapoli and Manhattan District Attorney Alvin L. Bragg Jr. today announced the guilty plea of CINDY TAPPE, 57, for orchestrating an approximately $3.5 million 6-year fraud relating to two New York University (“NYU”) programs. TAPPE used her position as the Director of Finance and Administration for NYU’s Metropolitan Center for Research on Equity and Transformation of Schools (the “Metro Center”) to divert approximately $3.5 million intended for minority and women owned businesses.

DiNapoli: Former Hannibal Fire Chief and Father Arrested

New York State Comptroller Thomas P. DiNapoli, Oswego County District Attorney Anthony J. DiMartino, Jr., and the New York State Police today announced the arrest of former Hannibal Fire Chief Chris Emmons for allegedly stealing $18,000, and Carl Emmons Sr., Chris Emmons’ father and a volunteer firefighter, for stealing over $2,500 from the fire company.

DiNapoli: Former Throop Supervisor Pays Full Restitution After Pleading Guilty to Felony for Stealing $11,000 from Town

The former Town of Throop Supervisor, William Tarby, paid full restitution as part of his sentencing after pleading guilty to stealing $11,000 from the town, State Comptroller Thomas P. DiNapoli, Attorney General Letitia James, and the New York State Police announced today. William Tarby pleaded guilty to grand larceny and official misconduct in January, and as part of his plea agreement, cannot seek public office again.

DiNapoli Releases Report on NYS Executive Budget

After the disruption caused by the COVID-19 pandemic, the state’s finances have stabilized, and the Division of Budget (DOB) is now forecasting reduced budget gaps. In his annual report assessing the proposed Executive Budget, State Comptroller Thomas P. DiNapoli identifies positive developments, as well as risks, challenges, and concerns, including several new proposals that restrict independent oversight by his office.

Report on the State Fiscal Year 2024-25 Executive Budget

After the disruption caused by the COVID-19 pandemic, the State’s finances have stabilized, and the Division of the Budget is now forecasting reduced budget gaps. In addition, the Executive Budget includes a new proposal to severely restrict the State Comptroller’s terms and conditions approval of certain State bond issuances. This critical oversight and approval role protects taxpayers from short-sighted financing decisions that too often burden taxpayers with debt that is risky and costly.