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.
New York State Comptroller Thomas DiNapoli is out with his first set of municipal fiscal stress scores based on his office’s new Fiscal Stress Monitoring System. The numbers were revealed during a teleconference today.
New York state Comptroller Thomas DiNapoli unveiled a new plan to overhaul the state’s brownfields program today. A Democrat, DiNapoli crafted the original brownfields bill when he was still in the state Assembly. Speaking with WAMC’s Alan Chartock on the Capitol Connection program, DiNapoli says tax loopholes within the program should be closed.
An outside review of New York's $150 billion pension fund for public workers shows it fixed ethical problems that led to a "pay-for-play" scandal.
The three-year review by Michigan-based Funston Advisory Services says the Common Retirement Fund's 2009 decision to ban paid placement agents used by other pension funds does not appear to have kept it from accessing qualified outside investment managers.
Host Alan Chartock is joined by New York state Comptroller Tom DiNapoli, a Democrat who has held office since 2007 after two decades in the Assembly. They discuss firearm investments in the state pension fund, political spending by corporations, and the Tappan Zee project.
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.