State Comptroller Tom DiNapoli is warning that some municipalities in New York State are facing a “financial fiscal cliff.” A report released by DiNapoli on Friday said the expiration of one-time federal pandemic aid, combined with state aid that … [Read more...]
Employer Contributions to NYS Retirement System Increasing in 2025
New York taxpayers will be hit with a higher bill for state and local employee pensions starting in 2025. State Comptroller Tom DiNapoli announced employer's average contribution rates for the New York State and Local Retirement System (NYSLRS) … [Read more...]
State Comptroller Report Warns of State’s Fiscal Outlook Being In Decline
State Comptroller Tom DiNapoli warns of the State's fiscal outlook being in decline. In a report released by the State Comptroller's Office, DiNapoli said the 2023-24 budget plan shows looming gaps cumulatively totaling $36.4 billion through … [Read more...]
NYS Collected $2.9 Billion More in Tax Income in 2022 Than Forecasted
New York State collected $2.9 billion more in tax income in 2022 than forecasted, but still made less than in 2021. State Comptroller Tom DiNapoli released a report Monday that had tax collections for the last fiscal year totaling $111.7 billion. … [Read more...]
NYS Legislature Likely to Pass Second Budget Extender
New York State is still without a budget as the State Legislature is expected to reconvene today to pass another budget extender. State Comptroller Tom DiNapoli sent a letter to Governor Kathy Hochul on Thursday saying that a budget extender … [Read more...]
Kathy Hochul Sworn In as New York State’s First Elected Female Governor
Kathy Hochul was inaugurated Sunday as New York State's first elected female governor. Hochul took office in August 2021 after then-Governor Andrew Cuomo resigned amid allegations of sexual harassment and inappropriate behavior. She was elected … [Read more...]
Gov. Hochul, State Legislators Miss Deadline for On-Time State Budget
Governor Kathy Hochul and State Legislators have missed the deadline for an on-time state budget. WXXI News reports the Senate and Assembly adjourned until Monday, when they say they will try again to reach an accord. The next hard deadline for … [Read more...]
NYS Comptroller DiNapoli Releases Review of Hochul’s Executive Budget
State Comptroller Tom DiNapoli, in review of Governor Kathy Hochul's executive budget, states concerns about how the Pandemic, inflation, and supply chain issues will affect the state's economic recovery and financial plan. DiNapoli also has … [Read more...]
A Record Number of New Yorkers Enrolled in Medicaid Between 2008 and 2019
A record number of New Yorkers applied for the Medicaid program between 2008 and 2019. State Comptroller Tom DiNapoli's office issued a report saying the increased enrollment has contributed to a steep decline in the number of New York residents … [Read more...]
Comptroller’s Annual Report Sheds Light on Performance of Chautauqua County IDA
ALBANY – A recent report by the New York State Comptrollers Office is providing some details into how the Chautauqua County Industrial Development Agency (CCIDA) performed when compared to other county IDAs from around the state. In June, State … [Read more...]
