New York state has the lowest homeownership rate in the nation, driven by low rates in New York City, according to a report released today by State Comptroller Thomas P. DiNapoli. Only 53.6% of New York households owned a home in the second quarter of 2022, compared to 65.8% nationally. New York also has a racial and ethnic ownership disparity that is higher than the rest of the country.
New York State Comptroller Thomas P. DiNapoli released a report today that explains how employee ownership models, which give workers a stake in the companies that employ them, not only help stabilize companies’ bottom lines, but can increase employees’ income levels and improve their retirement security.
State tax receipts totaled $58.4 billion through the first half of State Fiscal Year (SFY) 2022-23, exceeding the latest projections from the First Quarterly Update by $2.4 billion, according to the September State Cash Report released by State Comptroller Thomas P. DiNapoli.
New York State Comptroller Thomas P. DiNapoli announced today the following audits have been issued.
New York State Comptroller Thomas P. DiNapoli, Allegany County District Attorney Keith Slep and the New York State Police today announced the arrests of Ronda (Brundage) Kish and Marion Brundage for allegedly stealing $11,276 from the Oramel Fire Department.
Jobs in New York City’s technology sector grew over the course of the COVID-19 pandemic, while most other economic sectors suffered job losses, according to a report released today by State Comptroller Thomas P. DiNapoli. The report found that tech sector employment in New York City increased by 33.6% (43,430 jobs) from 2016 to 2021 to reach a record high of 172,570 jobs. The city’s private sector lost 3.3% of jobs during this same period.
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 2022.
The planned sales of $5.65 billion include $5.43 billion of new money and $216 million of refundings and reofferings as follows:
The Metropolitan Transportation Authority (MTA) has two years to bring back riders and rebuild fare revenue before federal relief aid runs out, but in that time, it must develop plans to cover budget gaps that start at $2.5 billion in 2025 and grow in the outyears, according to a report on MTA’s financial outlook released today by New York State Comptroller Thomas P. DiNapoli.
State Comptroller Thomas P. DiNapoli, St. Lawrence County District Attorney Gary Pasqua and the New York State Police today announced that Nancy Berger, 55, formerly the Clerk/Treasurer of the Village of Norwood, was arrested for allegedly stealing $73,725 from the Village.
In August, the Office of the State Comptroller approved 1,555 contracts for state agencies and public authorities valued at $2.7 billion and approved more than 2 million payments worth nearly $10.3 billion. The office rejected 133 contracts and related transactions valued at $727.8 million and nearly 2,800 payments valued at more than $14.3 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.
