Thomas DiNapoli http://wrvo.org en Comptroller opts out of public campaign finance pilot, says program is flawed http://wrvo.org/post/comptroller-opts-out-public-campaign-finance-pilot-says-program-flawed <p></p> Tue, 08 Apr 2014 10:45:32 +0000 Karen DeWitt 53916 at http://wrvo.org State lawmakers pass budget before deadline http://wrvo.org/post/state-lawmakers-pass-budget-deadline <p></p> Tue, 01 Apr 2014 11:40:45 +0000 Karen DeWitt 53565 at http://wrvo.org State lawmakers pass budget before deadline Comptroller says public financing plan has serious flaws http://wrvo.org/post/comptroller-says-public-financing-plan-has-serious-flaws <div><p>The state’s top accountant says a test public campaign finance plan that would apply only to his office is seriously flawed, and might even be unworkable.&nbsp;</p><p><span style="line-height: 1.5;">The budget provision, which first surfaced late Friday, would enact a pilot public campaign finance program limited to the comptroller’s office. </span></p> Mon, 31 Mar 2014 19:02:35 +0000 Karen DeWitt 53522 at http://wrvo.org Comptroller says public financing plan has serious flaws Comptroller reports state spent record amount on overtime http://wrvo.org/post/comptroller-reports-state-spent-record-amount-overtime <p></p><p>New York's state comptroller says the Cuomo administration racked up a record $611 million in overtime payments over the past year.</p><p>State Comptroller Thomas DiNapoli says the 16 percent increase in overtime payments between 2012 and 2013 comes mostly from employees in institutional settings, like prisons and psychiatric centers. The state police also paid troopers $35 million in overtime payments, at an average of over $74 an hour. &nbsp;</p><p>DiNapoli says the uptick comes at a time when state government has been downsizing employees.</p> Wed, 29 Jan 2014 04:25:00 +0000 Karen DeWitt 50544 at http://wrvo.org Comptroller reports state spent record amount on overtime Comptroller says state probably can afford tax cuts, but just barely http://wrvo.org/post/comptroller-says-state-probably-can-afford-tax-cuts-just-barely <p>State Comptroller Tom DiNapoli says he’ll need to see more details and end of the calendar year state revenue figures before deciding whether the state can afford $2 billion in new tax cuts that Gov. Andrew Cuomo is likely to propose.</p><p>Governor Cuomo says he thinks if state spending is held to a 2 percent growth rate next year, there will be enough money in the state budget to finance $2 billion worth of property and business tax cuts.</p><p>Comptroller DiNapoli says he’s not so sure it will all add up.</p> Fri, 20 Dec 2013 19:19:00 +0000 Karen DeWitt 48866 at http://wrvo.org State comptroller's audit finds double dipping at state agencies http://wrvo.org/post/state-comptrollers-audit-finds-double-dipping-state-agencies <p></p> Fri, 20 Dec 2013 13:21:27 +0000 Karen DeWitt 48862 at http://wrvo.org State comptroller's audit finds double dipping at state agencies Despite projected budget gap, Cuomo seeking tax cuts http://wrvo.org/post/despite-projected-budget-gap-cuomo-seeking-tax-cuts <p></p> Mon, 11 Nov 2013 12:37:24 +0000 Karen DeWitt 46960 at http://wrvo.org Despite projected budget gap, Cuomo seeking tax cuts Off the rolls: 27% of land in New York is tax exempt http://wrvo.org/post/rolls-27-land-new-york-tax-exempt <p></p><p>More than a quarter of all property in New York state is off the tax rolls, according to figures compiled by the state comptroller, who said it's a burden on local finances.</p><p>The 27 percent of un-taxed land in the state adds up to $680 billion in property value not being collected on, which is mostly concentrated in urban areas. The city with the most property off-limits is Rensselaer, with 65 percent.</p> Thu, 24 Oct 2013 14:22:59 +0000 Ryan Delaney 46073 at http://wrvo.org Off the rolls: 27% of land in New York is tax exempt Report shows DC dysfunction may decrease Wall Street profits http://wrvo.org/post/report-shows-dc-dysfunction-may-decrease-wall-street-profits <p></p><p>A report by the state’s comptroller finds that the dysfunction in Washington may take a bite out of Wall Street profits for the remainder of this year.</p><p>The analysis by New York state Comptroller Tom DiNapoli finds the recent gridlock in Congress, higher interest rates, and the JP Morgan $13 billion settlement over bad mortgages is contributing to lower earnings and profits for New York’s financial industry.</p> Wed, 23 Oct 2013 11:37:53 +0000 Karen DeWitt 46015 at http://wrvo.org DiNapoli wants to invest into more NY-based companies http://wrvo.org/post/dinapoli-wants-invest-more-ny-based-companies <p>The state comptroller says he’s looking for more start up companies and entrepreneurs to invest in, as part of a partnership between the state’s pension fund and private equity managers.<br> Wed, 18 Sep 2013 10:50:14 +0000 Karen DeWitt 44333 at http://wrvo.org DiNapoli discusses upcoming pension rate numbers, impact on municipalities http://wrvo.org/post/dinapoli-discusses-upcoming-pension-rate-numbers-impact-municipalities <p></p> Tue, 27 Aug 2013 11:55:07 +0000 Ellen Abbott 43241 at http://wrvo.org DiNapoli discusses upcoming pension rate numbers, impact on municipalities Comptroller DiNapoli: We can't let NY cities go bankrupt like Detroit http://wrvo.org/post/comptroller-dinapoli-we-cant-let-ny-cities-go-bankrupt-detroit <p>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.</p><p>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.</p><p>DiNapoli say he hopes they can avoid the fate of Detroit.</p> Fri, 26 Jul 2013 17:38:02 +0000 Karen DeWitt 41702 at http://wrvo.org Comptroller DiNapoli: I can work with Spitzer if he wins http://wrvo.org/post/comptroller-dinapoli-i-can-work-spitzer-if-he-wins <p>State Comptroller Thomas DiNapoli says he thinks he can work with Eliot Spitzer, should the former governor win the post of New York City comptroller, even though he is supporting his opponent in the contest.</p><p>DiNapoli says his endorsement of former Assemblyman and Manhattan Borough President Scott Stringer still stands.</p><p>“I can work with just about anybody,” DiNapoli said.</p><p>Though he qualified that assessment, saying he’ll have to see “how that plays out.”</p> Tue, 23 Jul 2013 12:38:37 +0000 Karen DeWitt 41498 at http://wrvo.org DiNapoli calls for changes to federal government rules for same sex couples http://wrvo.org/post/dinapoli-calls-changes-federal-government-rules-same-sex-couples <p>Comptroller Tom DiNapoli is trying to use the power of the pension fund to increase equal rights for same sex married couples, and has written a letter to President Obama.<p>DiNapoli is asking Obama to add a “place of celebration” clause to federal government rules and regulations that define benefits for married couples. Tue, 23 Jul 2013 12:05:52 +0000 Karen DeWitt 41495 at http://wrvo.org Comptroller DiNapoli: Watertown in good fiscal health http://wrvo.org/post/comptroller-dinapoli-watertown-good-fiscal-health <p>State Comptroller Tom DiNapoli came to Watertown on Wednesday to commend the city's leadership on its sound financial stewardship. DiNapoli's office is rolling out a program of annual fiscal “stress tests” for municipalities and school districts. And the comptroller said Watertown sets an example for prudent financial planning.&nbsp;</p><p> Thu, 13 Jun 2013 12:49:45 +0000 Joanna Richards 39455 at http://wrvo.org Comptroller DiNapoli: Watertown in good fiscal health Hundreds rally for stalled public campaign finance bill http://wrvo.org/post/hundreds-rally-stalled-public-campaign-finance-bill <p>Hundreds gathered at the state Capitol to rally for public financing of political campaigns. The measure remains in limbo in the state Senate and Gov. Andrew Cuomo faces questions on whether he’s working hard enough for the proposal to pass.<br><br>They came in buses from all over New York to give state lawmakers their message -- big money is corrupting politics. They say the state should adopt New York City’s public campaign finance system, which allows candidates to match every dollar they collect in small donations with seven dollars of government funds. Thu, 30 May 2013 13:06:39 +0000 Karen DeWitt 38681 at http://wrvo.org Hundreds rally for stalled public campaign finance bill IDAs need to be more transparent, accountable, says comptroller http://wrvo.org/post/idas-need-be-more-transparent-accountable-says-comptroller <div class="card-content"><div class="field field-name-body field-type-text-with-summary field-label-hidden "><div class="field-items"><div class="field-item even"><p>The New York state comptroller’s office has released its<a href="http://www.osc.state.ny.us/localgov/pubs/research/ida_reports/2013/idaperformance2013.pdf" target="_blank"> annual report</a> on New York’s 113 Industrial Development Agencies (IDAs), with concerns raised about the effectiveness and transparency of the organizations. Wed, 08 May 2013 20:48:22 +0000 Kate O'Connell 37465 at http://wrvo.org IDAs need to be more transparent, accountable, says comptroller Comptroller warns local governments that fixing fiscal crises won't be easy http://wrvo.org/post/comptroller-warns-local-governments-fixing-fiscal-crises-wont-be-easy <p>New York state’s comptroller kicked off a week long forum at SUNY’s Rockefeller Institute to examine the plight of economically stressed local governments and school districts across the state.&nbsp; Tue, 09 Apr 2013 09:10:00 +0000 Karen DeWitt 35926 at http://wrvo.org Comptroller warns local governments that fixing fiscal crises won't be easy State pension funds invests in central New York business http://wrvo.org/post/state-pension-funds-invests-central-new-york-business <p>Money from a state pension fund is flooding into an Auburn company that manufactures, distributes and services electrical products. It's one way the state is trying to encourage economic growth in upstate New York. Fri, 29 Mar 2013 13:30:06 +0000 Ellen Abbott 35488 at http://wrvo.org Budget watchdog group urges rejection of Cuomo's pension bailout plan http://wrvo.org/post/budget-watchdog-group-urges-rejection-cuomos-pension-bailout-plan <p>A leading budget watchdog group is urging rejection of a key component of Gov. Andrew Cuomo’s budget plan. It would allow cities and schools to put off some payments to their pension funds. Mon, 25 Feb 2013 22:11:00 +0000 Karen DeWitt 33866 at http://wrvo.org DiNapoli says Syracuse's finances suffer from "systemic problems" http://wrvo.org/post/dinapoli-says-syracuses-finances-suffer-systemic-problems <p>New York State's financial overseer is warning Syracuse's finances face "systemic problems." Thu, 21 Feb 2013 14:02:18 +0000 Ryan Delaney 33648 at http://wrvo.org State report shows Utica in fiscal decline http://wrvo.org/post/state-report-shows-utica-fiscal-decline <p>A new state report describes the city of Utica as a city in fiscal decline. The state Comptroller's office has released a fiscal snapshot of the city as part of its new fiscal monitoring system. Wed, 30 Jan 2013 19:19:31 +0000 Ellen Abbott 32610 at http://wrvo.org Assembly Speaker Silver waiting for comptroller's view of pension plan http://wrvo.org/post/assembly-speaker-silver-waiting-comptrollers-view-pension-plan <p>Gov. Andrew Cuomo’s pension stabilization plan could face some obstacles in the legislature.&nbsp; Assembly Speaker Sheldon Silver says he wants to know what the state comptroller thinks of the idea first. Wed, 30 Jan 2013 13:31:32 +0000 Karen DeWitt 32584 at http://wrvo.org Local governments will be graded on fiscal health http://wrvo.org/post/local-governments-will-be-graded-fiscal-health <p>Municipalities and school districts in New York state will soon get graded on their fiscal health. A fiscal monitoring system run by the state comptroller's office will publicly identify local governments that may be heading towards a fiscal cliff. Tue, 29 Jan 2013 19:24:20 +0000 Ellen Abbott 32547 at http://wrvo.org Cuomo to deliver budget address http://wrvo.org/post/cuomo-deliver-budget-address <p>Governor Andrew Cuomo’s annual budget presentation is slated for Tuesday afternoon. It comes as the state’s comptroller, Tom DiNapoli, finds revenues are not coming to New York in quite the amount anticipated.&nbsp;&nbsp;&nbsp; Tue, 22 Jan 2013 11:22:35 +0000 Karen DeWitt 32192 at http://wrvo.org State comptroller predicts Wall Street profits up in volatile economic climate http://wrvo.org/post/state-comptroller-predicts-wall-street-profits-volatile-economic-climate <p>Profits on Wall Street are going to be up this year, according to a new report from the New York state comptroller, but are still below their pre-recession highs. The report also finds fewer job losses in the securities industry, and many economic uncertainties ahead. Wed, 10 Oct 2012 13:39:56 +0000 Karen DeWitt 27275 at http://wrvo.org State officials predict tight budget http://wrvo.org/post/state-officials-predict-tight-budget <p>Top state officials say it is going to be another difficult year for the state budget. Governor Andrew Cuomo has already told state agencies to keep spending flat, and those that depend on state programs are not counting on big increases. Wed, 03 Oct 2012 13:17:11 +0000 Karen DeWitt 26953 at http://wrvo.org "Super control board" idea to help struggling municipalities still possible http://wrvo.org/post/super-control-board-idea-help-struggling-municipalities-still-possible <p>New York State continues looking for ways to help local governments on the edge of fiscal collapse.&nbsp; And, the idea of a "super control board" is still a possibility. Mon, 10 Sep 2012 12:44:45 +0000 Ellen Abbott 25744 at http://wrvo.org State's finances deemed to be improving http://wrvo.org/post/states-finances-deemed-be-improving <p>There are signs that the New York state’s finances are getting healthier, but local governments in New York continue to flounder. Fri, 31 Aug 2012 14:02:35 +0000 Karen DeWitt 25268 at http://wrvo.org State's finances deemed to be improving Agriculture still big business in New York state http://wrvo.org/post/agriculture-still-big-business-new-york-state <p>Farms still drive New York state's economy, according to a report from the New York State Comptroller's office, which outlines just how important agriculture is to the state's economy.<br> Tue, 28 Aug 2012 12:38:52 +0000 Ellen Abbott 25031 at http://wrvo.org Agriculture still big business in New York state