The state comptroller says the $5 billion in extra money that New York is reaping from the bank settlements should not be viewed as a surplus, and should not be spent as though there will be more money coming in the future.
New York Comptroller Thomas DiNapoli was in Plattsburgh today. He met with business leaders during a breakfast forum to discuss the region’s economic status and introduce a seminar on venture capital investment. He then met with the mayor to unveil a positive fiscal report for the city.
A new audit by the New York State Comptroller finds that out of a sample of state workers at state agencies and authorities, more than a fifth were double dipping, being paid for two jobs while doing only one.
The City of Detroit’s declaration of bankruptcy has left some in New York wondering whether any upstate cities will be next. State officials say they are trying to help with financial planning guidance, but local governments say more needs to be done.
State Comptroller Tom DiNapoli has created a fiscal stress monitoring system that measures the financial health of New York’s local governments. A preliminary report found two dozen cities, counties and villages are moderately to severely fiscally stressed. DiNapoli say he hopes they can avoid the fate of Detroit.
With the state anxious to begin construction on a new Tappan Zee Bridge, New York Comptroller Tom DiNapoli says his office will be keeping a close eye on the financing of the more than three billion dollar project. DiNapoli spoke on WAMC’s Capitol Connection program.
Just two days after New York legislators passed first-in-the-nation gun law reforms in response to the Sandy Hook Elementary School shootings, the state’s chief financial officer says pension fund investments in firearm companies have been frozen. Comptroller Thomas DiNapoli spoke on WAMC’s Capitol Connection program.