Thomas DiNapoli

8:01am

Sat August 11, 2012
Politics and Government

Public nursing homes face potential crisis

County-run nursing homes across New York state face growing crises as county governments, strapped for cash, consider ending their historical role as providers of inpatient care to the elderly.

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9:37am

Thu August 2, 2012
Politics and Government

Comptroller: Local governments face grim fiscal reality

A report from the state comptroller finds local governments in New York are struggling financially. Around 10 percent are running deficits or suffering from cash flow problems, and there is no end in sight.

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4:22pm

Thu June 21, 2012
Politics and Government

DiNapoli wants Local Development Corporations held accountable

New York's fiscal watchdog wants lawmakers to give his office more power  over economic development organizations that he says are being misused in some cases, by local governments in New York state. Comptroller Thomas DiNapoli has his eye on Local Development Corporations.

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10:06am

Thu June 21, 2012
Politics and Government

Local governments struggle; tax cap presents new challenges

New York state Comptroller Thomas DiNapoli at a Local Government Leadership Institute meeting in Syracuse
Ellen Abbott WRVO file photo

Local governments continue struggling in the wake of the recession. At a Local Government Leadership Institute meeting in Syracuse Wednesday, officials looked for answers to  some of the problems they still face following the Wall Street meltdown.

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9:07am

Thu May 3, 2012
The Upstate Economy

DiNapoli: IDAs not delivering on job creation promises

Comptroller Thomas DiNapoli says "taxpayers are not getting enough bang for their buck when it comes to IDAs."
Matt Ryan WMHT

More tax breaks does not equal more jobs.

That's according to State Comptroller Thomas DiNapoli's latest report on New York's industrial development agencies (IDAs).

In his fifth report on IDAs [PDF], DiNapoli says the number of jobs created by the local economic development engines dropped by 22,000 from the year before.

DiNapoli also cites a $483 million gap in what IDAs gave out in tax breaks and how much they took in via payments-in-lieu-of-taxes (PILOTs).

That breaks down, the report finds, to a $2,659 cost per job - up 9 percent from the year before.

"Taxpayers are not getting enough bang for their buck when it comes to IDAs," DiNapoli said in a statement.

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11:45am

Fri November 11, 2011
Politics and Government

Governor Cuomo is late with the mid year financial report

The governor says he’s waiting for some uncertainties in the world markets to stabilize before updating the state’s financial picture, and has delayed releasing the state’s mid year budget report, which was due in late October.

Cuomo budget officials have said they are also waiting to count some tax collections delayed by the hurricanes. They’ve also post poned some scheduled budget hearings that have been part of an effort in recent years to jump start the budget process.

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7:47am

Wed October 12, 2011
Politics and Government

Bad year on Wall St. could have negative impact on state budget

The State Comptroller finds that Wall Street is having another bad year, and that could have a negative impact on New York State's budget.

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