State Comptroller DiNapoli Releases Municipal & School Audits
New York State Comptroller Thomas P. DiNapoli today announced the following local government and school audits were issued.
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DiNapoli: State Tax Receipts Higher Than Updated Projections Through the First Half of the Year
State tax receipts totaled $51.5 billion through the first six months of State Fiscal Year (SFY) 2023-24, $1.7 billion higher than estimates released in the Division of the Budget’s (DOB) July Update to the Enacted Budget Financial Plan. However, tax receipts were $6.9 billion lower than the first half of SFY 2022-23, according to the monthly State Cash Report released today by New York State Comptroller Thomas P. DiNapoli.
DiNapoli: NY State Pension Fund Purchases $20 Million in State of Israel Bonds
The New York State Common Retirement Fund has purchased an additional $20 million in Israel bonds offered by Development Corporation for Israel, New York State Comptroller Thomas P. DiNapoli announced today. The purchase brings the state pension fund’s holdings in Israel bonds to $267.8 million.
DiNapoli: Huntington Man Charged With Stealing Over $56,000 in State Pension Payments
New York State Comptroller Thomas P. DiNapoli and Suffolk County District Attorney Raymond A. Tierney today announced the arrest of former Town of Huntington employee Moses K. Johnson, 63, of Huntington, for allegedly stealing his mother’s public pension payments following her death in April of 2021.
DiNapoli: Wall St. First Half Profits Total $13 Billion, Down From 2022
Wall Street’s 2023 first half profits of $13 billion were down 4.3% from the same period last year but tracked the industry’s return to pre-pandemic levels of revenue after record profits in 2020 and 2021, according to State Comptroller Thomas P. DiNapoli’s annual report on the performance of New York City’s securities industry.
DiNapoli: Mobile Sports Betting Adds to State Revenue, But Calls to Problem Gambling Hotline Rise as Gaming Expansion Continues
State collections from the taxes on mobile sports betting totaled $727.4 million in State Fiscal Year (SFY) 2022-2023 and have continued to grow in the first quarter of the current fiscal year, according to a report by State Comptroller Thomas P. DiNapoli. With the legalization of mobile sports betting, the New York State Gaming Commission noted a 26% increase in problem gambling-related calls to the Office of Addiction Services and Supports (OASAS) from 2021 to 2022.
DiNapoli: MTA Avoided A Fiscal Crisis, Now It Has To Convince Riders To Come Back
In a turnaround from the fiscal crisis it faced a year ago, the Metropolitan Transportation Authority (MTA) today stands on firmer financial ground, largely because the state budget provided dedicated sources of revenue to close projected budget gaps, according to New York State Comptroller Thomas P. DiNapoli’s annual report on the MTA’s fiscal outlook.
State Comptroller DiNapoli Releases Audits
State Comptroller Thomas P. DiNapoli announced today the following audits have been issued.
DiNapoli Releases Bond Calendar for Fourth Quarter
New York State Comptroller Thomas P. DiNapoli today announced a tentative schedule of planned bond sales for New York state, New York City and their major public authorities during the fourth quarter of 2023.
The planned sales of $9.11 billion include $6.43 billion of new money and $2.68 billion of refundings as follows:
DiNapoli: Cyberattack Complaints in New York Rise 53%
Cyberattack complaints in New York state increased 53% between 2016 and 2022, jumping from 16,426 incidents in 2016 to 25,112 in 2022, according to the FBI. The number of attacks targeting critical infrastructure in New York state nearly doubled to 83 in the first half of 2023 compared to 48 during the entirety of last year, according to a report released today by State Comptroller Thomas P. DiNapoli.