State and local public authorities reported debt outstanding totaling more than $329 billion in their most recently reported fiscal years, an increase of 23% ($61.5 billion) since 2017, according to a report released today by State Comptroller Thomas P. DiNapoli.
New York State Comptroller Thomas P. DiNapoli is urging New Yorkers to make sure they spend any gift cards they received this holiday season. Unused gift card balances can eventually be turned over to his Office of Unclaimed Funds (OUF), which took in a record $48 million from them in 2022.
New York City’s fiscal year (FY) 2023 budget is projected to rise to $109.4 billion (adjusted from $104 billion after surplus transfers), reflecting continued improvement in the city’s fiscal position since June, but city finances could come under pressure amid a slowing economic recovery and an increase in demand for city services, according to State Comptroller Thomas P. DiNapoli’s analysis of the city’s November financial plan update.
Manhattan District Attorney Alvin Bragg and New York State Comptroller Thomas DiNapoli today announced the indictment of CINDY TAPPE, 57, for orchestrating an approximately $3.5 million 6-year fraud relating to two New York University (“NYU”) programs. TAPPE used her position as the Director of Finance and Administration for NYU’s Metropolitan Center for Research on Equity and Transformation of Schools (the “Metro Center”) to divert approximately $3.5 million intended for minority and women owned businesses.
New York State Comptroller Thomas P. DiNapoli today announced the following local government audits were issued.
Local sales tax collections in New York state increased by 8.8% in November compared to the same month in 2021, according to an analysis released today by State Comptroller Thomas P. DiNapoli. Overall, local collections totaled $1.72 billion, up $139 million compared to the same time last year.
More than two years after the height of the COVID-19 pandemic, young people in New York City continue to face double-digit unemployment, with young men experiencing the greatest challenges in finding work, according to a report released today by State Comptroller Thomas P. DiNapoli. Unemployment among 16- to 24-year-olds stands at nearly 18% in the city, as compared to about 9% in the rest of New York state and 8% nationally.
New York State Comptroller Thomas P. DiNapoli, Tioga County District Attorney Kirk Martin and the New York State Police, today announced that David Shaw, the former parks and recreation director of the Village of Waverly pleaded guilty to official misconduct for destroying and altering Village of Waverly Recreation League records. Shaw was sentenced to one year conditional discharge and paid full restitution of $16,525 in connection with his crimes. This plea was a result of a joint investigation between DiNapoli’s Office, Tioga County D.A. and the New York State Police.
New York State Comptroller Thomas P. DiNapoli announced today the following audits have been issued.
The former clerk did not properly account for, report, deposit, record and remit all collections to the appropriate parties in a timely and accurate manner. As a result of the audit and investigation, the former clerk pleaded guilty to third-degree grand larceny and first-degree tampering with public records, and she agreed to pay $21,296 in restitution before sentencing.
