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.
Troy is wrestling with a proposed $66.1 million spending plan for 2015. The Collar City is trying to keep the books from falling in the red.
The State Comptroller's Office advised the city last Friday that a 2014 budget deficit could lead to the return of a financial control board, which would assume oversight of the city's spending. Officials say such an oversight could occur in 2015 once the city closes its books for 2014.
According to a news release from New York Comptroller Thomas DiNapoli, the former clerk of the town of Rosendale justice court stole nearly $6,000 in cash from collections without detection.
The findings were uncovered in an audit by the Comptroller’s office.
The clerk, Trudy Harper, was arrested in June and charged by Ulster County District Attorney D. Holley Carnright with third degree grand larceny, a class D felony. Harper is due back in Saugerties Town Court on Dec. 10.
An experimental public campaign finance system for the state Comptroller’s race has fizzled, after the lone candidate who applied for the program failed to meet the minimum threshold to obtain the public monies.
The pilot public campaign financing program was limited to just the state Comptroller’s race as part of a state budget deal.
It was widely condemned at the time by reform groups as fatally flawed. Blair Horner of the New York Public Interest Research Group called it “cynical.”
The test of public campaign financing in the New York comptroller race has proved ineffective, with the incumbent declining to participate and the challenger falling short of the thresholds that would parlay his $200,000 into $1.2 million.
Republican Robert Antonacci has raised more than $200,000 so far, meeting the minimum required to receive 6-to-1 state funding for his bid to become the state's chief financial officer.
But about $50,000 of that comes from donations greater than $175, too large to be counted.
With election day approaching, Andrew Cuomo maintains his strong lead over Republican challenger Rob Astorino in the race for governor of New York. Comptroller Tom DiNapoli, a narrow winner four years ago, appears to be coasting to re-election against Bob Antonacci. But according to the latest poll, Attorney General Eric Schneiderman is losing ground to challenger John Cahill.