New York State Comptroller Thomas P. DiNapoli’s annual report on the Metropolitan Transportation Authority’s debt levels found the MTA does not have the resources to fully fund its $54.8 billion 2020-2024 capital program, which is vital to improving riders’ experience and bringing them back to the transit system.
New York State Comptroller Thomas P. DiNapoli announced today the following audits have been issued.
New York State Comptroller Thomas P. DiNapoli today announced the following local government audit was issued.
New York State Comptroller Thomas P. DiNapoli today announced the following school district audits were issued.
Tax collections for State Fiscal Year (SFY) 2020-21 totaled $82.4 billion — $3 billion higher than forecast by the state Division of the Budget (DOB) in the Amended Executive Budget Financial Plan in February (latest projections), and $6.8 billion higher than forecast in May 2020 (initial projections), according to the March State Cash Report released today by New York State Comptroller Thomas P. DiNapoli. Total tax collections for SFY 2020-21 were $513.3 million lower than the previous year.
State Comptroller Thomas P. DiNapoli announced James “Jay” Spina was sentenced in federal court for running a large-scale health care insurance fraud scheme. Spina and three co-conspirators systematically double-billed insurers, charged for services never rendered, created shell companies and falsified records to hide their crimes.
Spina pled guilty to one count of conspiracy to commit health care fraud and today was sentenced to serve 108 months (nine years) in federal prison, plus three years of probation and pay $9.7 million in restitution and forfeit $9.1 million.
The New York State Common Retirement Fund (Fund) has committed approximately $400 million to two funds as part of its Sustainable Investments and Climate Solutions (SICS) Program, State Comptroller Thomas P. DiNapoli, trustee of the Fund, announced today.
New York State Comptroller Thomas P. DiNapoli today announced the following school district audits were issued.
New York State Comptroller Thomas P. DiNapoli today announced the following local government audits have been issued.
“The state Legislature and Governor agreed on a new state budget as the state is struggling to recover from the economic devastation caused by COVID-19. More than a year into the pandemic, the number of cases remains high in New York but the accelerated pace of vaccinations and job growth in many sectors indicate an improving economic outlook. We are not out of the woods, and we must remain cautious as there is still uncertainty about the epidemic and the trajectory and equity of the recovery.
