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Office of the New York State Comptroller
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School Tax Dollars - Every Dime Counts

DiNapoli’s audit of 733 schools reveals $880 million in questionable school tax spending.

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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

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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.,”

Contact

Albany Press Office:
P (518) 474-4015
F (518) 473-8940

NYC Press Office:
P (212) 681-4840
F (212) 681-4468

press@osc.state.ny.us

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