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Hero Banner September 11
Twenty-two years later we remember those lost and pay tribute to the heroism and sacrifices of the 9/11 first responders. We come together again, as a nation, to mark this tragic event.
DiNapoli: NYC's Property Tax Bills Rise Along With Burden on Working- and Middle-Class Homeowners
The COVID-19 pandemic has caused property tax disparity to worsen in New York City, driving housing costs higher for many, according to a report released today by New York State Comptroller Thomas P. DiNapoli. Property tax disparities have been well documented for decades by advocates, fiscal monitors and the city, but the report found even when property values declined for many condos, co-ops and rental apartments due to the pandemic, property tax bills continued to rise.
State Comptroller DiNapoli Releases Audits
New York State Comptroller Thomas P. DiNapoli announced today the following audits have been issued.
State Comptroller Thomas P. DiNapoli Statement on NYC Finances
New York State Comptroller Thomas P. DiNapoli issued the following statement after giving remarks at New York City Financial Control Board’s annual meeting today:
“New York City’s 2024 budget increased spending to address growing demand for services using stronger than expected revenues and remaining federal pandemic aid.
“Significant risks are on the horizon, however. Unbudgeted costs for housing asylum seekers and other humanitarian efforts will quickly exceed the city’s resources. Federal aid and policy guidance are needed to assist the growing burden on the city.
State Comptroller DiNapoli Releases Municipal & School Audits
New York State Comptroller Thomas P. DiNapoli today announced the following local government audits were issued.
Enterprise Fraud, Waste and Abuse Prevention and Detection, September 1, 2023
The New York State Legislature amended the State Finance Law in 2015 by adding a new Section 8-c providing for the establishment of a statewide electronic system to help detect and prevent fraud, waste and abuse in government spending and to help avoid improper payment of public funds.
New York State Fair - 3
State Comptroller DiNapoli returns unclaimed funds to New Yorkers at the state fair.
NYSLRS Announces Employer Contribution Rates for 2024-25
New York State Comptroller Thomas P. DiNapoli today announced employer contribution rates for the New York State and Local Retirement System (NYSLRS) for State Fiscal Year (SFY) 2024-25. Employers’ average contribution rates will increase from 13.1% to 15.2% of payroll for the Employees’ Retirement System (ERS) and from 27.8% to 31.2% of payroll for the Police and Fire Retirement System (PFRS).
State Contract and Payment Actions in July
In July, the Office of the State Comptroller approved 1,580 contracts for state agencies and public authorities valued at $2.7 billion and approved nearly 1.8 million payments worth more than $9.1 billion.
The office rejected 209 contracts and related transactions valued at $2.4 billion and nearly 1,600 payments valued at nearly $12.5 million, primarily for mistakes, insufficient support for charges, and improper payments. More information on these contracts and payments is available at Open Book New York.