Local governments’ 113 active industrial development agencies—IDAs—gave out $1.5 billion in tax exemptions to 4,486 projects in 2011, according to a report today from state Comptroller Thomas DiNapoli’s office. Of the total, $680 million was for local property taxes and $439 million for school property-tax breaks. The balance was for… Read More →
Mount Kisco and Eastchester have high parking ticket collection rates, but Mount Kisco had $1.17 million in cumulative unpaid parking tickets between the June 1, 2011 and May 31, 2012 and Eastchester had $1.89 million in cumulative unpaid parking tickets as of May 31, 2012, according to new audits released… Read More →
Rockland County’s budget this year has “unreasonable revenue and spending projections that could increase the county’s deficit,” state Comptroller Thomas DiNapoli warned in a budget review. The county’s deficit is about $96 million and could increase to $110 million or more, according to the comptroller. The comptroller said the county may be “too optimistic”... Read More →
A new audit of the state Health Department’s Bureau of Narcotic Enforcement found that there were poor controls over unused prescription forms, significant variations in drug investigation practices across the state, and hundreds of thousands of prescriptions that may have been abused. The bureau is in charge of combating illegal… Read More →
New York’s tax collections continue to lag behind what is predicted in the budget, state Comptroller Thomas DiNapoli announced today. Through October, the state received $35.9 billion, $170.8 million below what was estimated in July and $259.8 million less than initial estimates, he said. “Tax revenue estimates should be revised downward. Adjustments… Read More →
State Comptroller Thomas DiNapoli announced today that his office stopped $1.4 million in unemployment payments to recipients who were either employed, dead or unauthorized to work in this country. Nearly $1 million for such claims already had been paid out. Auditors, who examined state Department of Labor payments during 2011, learned… Read More →
The state’s bill for interest on late payments in the 2011-12 fiscal year was $1.9 million, 38 percent higher than the previous year, according to state Comptroller Thomas DiNapoli. The Health Department was at the top of the list of late-paying state agencies with interest payments totaling $1.3 million, 130 percent… Read More →
An ongoing review of the state’s $2 billion special-education program by Comptroller Thomas DiNapoli’s office so far has found that three private contractors used public money for “inappropriate and unallowable expenses.” That includes improper staff bonuses, billing for no-show jobs and spending public money on landscaping services and flooring for… Read More →
While the state has made progress in balancing its budget for the long term, but the current spending plan leaves projected gaps of $3.4 billion and $4.1 billion in out-years, according to a new report from state Comptroller Thomas DiNapoli. DiNapoli’s analysis of the 2012-13 enacted budget, which took effect April 1, said… Read More →
The state pension fund ended the 2011-12 fiscal year March 31 with a return of 5.96 percent, New York Comptroller Thomas DiNapoli announced this afternoon. The value as of that time was $150.3 billion. “It represents the highest level that the funds have been valued at since the market meltdown… Read More →
