The average bonus paid to employees in New York City’s securities industry increased by 3 percent in 2019 to $164,100, but it is likely to fall sharply in 2020 as the coronavirus crisis strains industry profitability, according to annual estimates released this week by New York State Comptroller Thomas P. DiNapoli. “The securities industry had […]
From the Office of State Comptroller Thomas P. DiNapoli New York State Comptroller Thomas P. DiNapoli on Wednesday announced that the New York State Common Retirement Fund (the Fund) plans to vote against all board directors standing for re-election at companies that have no women on their boards. In situations where a company has just one woman […]
By Kathy Kahn During the Roaring 20s, New York created its first public authority—The Port Authority of New York. Since then, that bloated agency has been joined by over 600 “authorities” – a swamp where funding allocated to a specific authority often ends up underwriting unrelated state projects outside its purview. With New York’s state-funded debt […]
State tax collections totaled $18.6 billion in the first quarter of the new fiscal year, $1.2 billion less than the same period last year and $315.7 million below projections, according to the state cash report issued Tuesday by State Comptroller Thomas P. DiNapoli. “We’re three months into New York’s fiscal year and personal income tax collections are […]
Goodyear and Nisource Inc. Join Nearly Three Dozen Other Corporations That Have Reached Disclosure Agreements New York State Comptroller Thomas P. DiNapoli, as trustee of the New York State Common Retirement Fund (Fund), announced last Friday that Goodyear Tire and Rubber Co. and Nisource Inc. have agreed to the Fund’s request that they publicly report […]
More than 25 percent of real property value in New York is exempt from county, city and town property taxes, according to a report issued Wednesday by State Comptroller Thomas P. DiNapoli. The total value of these exempt properties is $680 billion. The value increases to $826 billion for properties exempt from more than one […]