Thomas DiNapoli

9:06am

Thu May 30, 2013
Politics and Government

Hundreds rally for stalled public campaign finance bill

Fair elections rally at the Capitol in Albany Wednesday
Karen DeWitt/WRVO

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.

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.

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4:48pm

Wed May 8, 2013
Business

IDAs need to be more transparent, accountable, says comptroller

New York State Comptroller's Office

The New York state comptroller’s office has released its annual report on New York’s 113 Industrial Development Agencies (IDAs), with concerns raised about the effectiveness and transparency of the organizations.

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5:10am

Tue April 9, 2013
Politics and Government

Comptroller warns local governments that fixing fiscal crises won't be easy

State Comptroller Tom DiNapoli speaks with reporters after an address at SUNY's Rockefeller Institute on the financial plight of local governments
Credit Karen DeWitt/NY State Public Radio

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. 

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9:30am

Fri March 29, 2013
Regional Coverage

State pension funds invests in central New York business

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.

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5:11pm

Mon February 25, 2013
Politics and Government

Budget watchdog group urges rejection of Cuomo's pension bailout plan

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.

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9:02am

Thu February 21, 2013
Business

DiNapoli says Syracuse's finances suffer from "systemic problems"

New York State's financial overseer is warning Syracuse's finances face "systemic problems."

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2:19pm

Wed January 30, 2013
Regional Coverage

State report shows Utica in fiscal decline

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.

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8:31am

Wed January 30, 2013
Politics and Government

Assembly Speaker Silver waiting for comptroller's view of pension plan

Gov. Andrew Cuomo’s pension stabilization plan could face some obstacles in the legislature.  Assembly Speaker Sheldon Silver says he wants to know what the state comptroller thinks of the idea first.

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2:24pm

Tue January 29, 2013
Politics and Government

Local governments will be graded on fiscal health

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.

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6:22am

Tue January 22, 2013
Politics and Government

Cuomo to deliver budget address

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.   

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5:21pm

Fri November 2, 2012
Regional Coverage

Comptroller: Hurricane Sandy could cost state $18 billion

The State Comptroller estimates that Hurricane Sandy and its aftermath will cost the state as much as $18 billion.

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9:39am

Wed October 10, 2012
Politics and Government

State comptroller predicts Wall Street profits up in volatile economic climate

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.

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9:17am

Wed October 3, 2012
Politics and Government

State officials predict tight budget

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.

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8:44am

Mon September 10, 2012
Politics and Government

"Super control board" idea to help struggling municipalities still possible

New York State continues looking for ways to help local governments on the edge of fiscal collapse.  And, the idea of a "super control board" is still a possibility.

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10:02am

Fri August 31, 2012
Politics and Government

State's finances deemed to be improving

401(K) 2012 Flickr

There are signs that the New York state’s finances are getting healthier, but local governments in New York continue to flounder.

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8:38am

Tue August 28, 2012
Regional Coverage

Agriculture still big business in New York state

Butter from Ronnybrook Farm in Ancramdale, New York.
Garrett Ziegler Flickr

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.

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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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