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NEWS from the Office of the New York State Comptroller
Contact: Press Office 518-474-4015

DiNapoli: City Property Tax Assessments Show Return to Pre-Pandemic Levels Ahead of Schedule

New York State Comptroller Thomas P. DiNapoli today released the following statement on New York City’s property tax assessments:

“The release of New York City’s tentative property assessment roll suggests a bright spot for New York City’s finances entering fiscal year (FY) 2023, amid uncertainty in the city's economic recovery and its impact on city property taxes, the largest source of city revenues.

New York State Comptroller Thomas P. DiNapoli Statement on State Executive Budget Proposal

New York State Comptroller Thomas P. DiNapoli released the following statement on Governor Hochul’s executive budget proposal:

“Governor Hochul introduced an executive budget proposal at a critical moment in our state’s history. As we continue our recovery we are faced with many challenges, but the proposed budget sets forth the Governor’s priorities to address them while also recognizing the importance of achieving and maintaining long-term structural budget balance.

DiNapoli: State Ends Third Quarter of State Fiscal Year on Solid Financial Footing

Tax receipts for the first nine months of State Fiscal Year (SFY) 2021-22 continue to exceed projections, totaling $84.4 billion. This amount is significantly higher than the most recent forecast by the Division of the Budget contained in the Mid-Year Update to the Financial Plan. While tax collections have exceeded forecast throughout the current fiscal year, December results are also affected by a newly established tax structure, the Pass Through Entity Tax (PTET).

Olean Firefighter Charged With Stealing Over $116,000 From City's Fire Department

New York State Comptroller Thomas P. DiNapoli, Cattaraugus County District Attorney Lori Pettit Rieman and the New York State Police announced the arrest of Terry Gaylor Jr., for allegedly stealing over $116,000 from the City of Olean Fire Department (COFD). Gaylor Jr., a former trustee and current firefighter with COFD, was arrested after a joint investigation by the Comptroller, District Attorney and State Police. 

DiNapoli Releases Bond Calendar for First Quarter

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 first quarter of 2022.

The planned sales of $6.91 billion include $6.28 billion of new money and $630 million of refundings and reofferings as follows: