Stronger-than-anticipated revenue and savings initiatives will allow New York City to maintain budget balance in the coming fiscal year, but the city faces significant financial pressures that are likely to exacerbate already large out-year budget gaps, according to a report on the city Fiscal Year (FY) 2024 Executive Budget released today by State Comptroller Thomas P. DiNapoli.
The number of New Yorkers earning less than $20,000 with a broadband subscription rose from 64% to 76% between 2019 and 2021 thanks in large part to two federal programs created to address disparities in access to high-speed internet. More than 1.3 million New York households are receiving affordable broadband subscriptions with federal support, according to a new analysis released by State Comptroller Thomas P. DiNapoli.
New sources of recurring revenue in the state’s final budget and other aid, including expected revenue from congestion pricing, give the Metropolitan Transportation Authority an opportunity to ease the pressure that growing debt places on its operations and stabilize its future finances, according to a report released today by State Comptroller Thomas P. DiNapoli. Ensuring stronger finances down the road will depend in part on how the MTA chooses to manage debt in the coming years.
New York State Comptroller Thomas P. DiNapoli today announced the following local government audits were issued.
New York State Comptroller Thomas P. DiNapoli today announced the following local government audits were issued.
New York State Comptroller Thomas P. DiNapoli today announced a tentative schedule for the planned bond sales for New York state, New York City and their major public authorities during the months of June and July of 2023.
The planned sales of $6.06 billion include $2.64 billion of new money and $3.42 billion of refundings and reofferings as follows:
New York State Comptroller Thomas P. DiNapoli today announced the following audits were issued:
The state’s Thruway Authority has to do a better job of identifying, billing, and collecting tolls and related fees, including $276.3 million it has a collection agency seeking as of March 2023, according to a new audit from State Comptroller Thomas P. DiNapoli.
"This audit has identified ways in which the Thruway can improve its collection of tolls and fees,” DiNapoli said. “Based on the Authority’s response, I’m hopeful action will be taken to implement our recommendations to maximize revenue for the Thruway.”
In April, the Office of the State Comptroller approved 1,580 contracts for state agencies and public authorities valued at $1.3 billion and approved nearly 4.2 million payments worth nearly $13.7 billion. The office rejected 115 contracts and related transactions valued at $255.5 million and nearly 6,200 payments valued at nearly $28.2 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.
State Comptroller Thomas P. DiNapoli and Chautauqua County District Attorney Jason Schmidt today announced the indictment of former City of Dunkirk Festivals Coordinator Hector Rosas for using his public position to pilfer more than $50,000 through several schemes.
