School Tax Dollars - Every Dime Counts
DiNapoli’s audit of 733 schools reveals $880 million in questionable school tax spending.
For Release: Immediately, February 9, 2010
DiNapoli: Five Years of School Audits Identify $880 Million in Excess Funds, Missed Cost Savings & Questionable Payments
DiNapoli Proposes Legislation to Increase Transparency & Provide Mandate Relief to Schools
State Comptroller Thomas P. DiNapoli’s office identified $880 million in excess funds unnecessarily held in reserve accounts, missed cost savings and questionable payments by school districts across the state, according to a report DiNapoli released today. DiNapoli’s office completed 733 audits of all of the state’s public schools and Boards of Cooperative Educational Services from August 2005 through February 2010, before the statutory deadline of March 31, 2010.
“Taxpayers have the right to know if the school districts are managing their money the right way and we found a majority are trying to do this,” DiNapoli said. “Our audits have increased transparency by giving taxpayers an objective look into school district finances. We’re holding school officials accountable. And we’ve protected taxpayers’ money,”.
“Over the last five years, my auditors identified $615 million that districts unnecessarily set aside at taxpayers’ expense. That’s money that could have been used to lower property taxes. Now more than ever, every dime counts. Our audits are helping protect those dimes for taxpayers.,”