New York State Comptroller Thomas P. DiNapoli today issued a revenue projection for the 2020-2021 state budget that reflects an estimate of the economic impact and ongoing volatility stemming from the spread of the coronavirus (COVID-19). DiNapoli estimates tax revenue will be at least $4 billion below the projections in the Executive Budget of $87.9 […]
When I first took office in January of 2014, this county was on the verge of a financial disaster. We faced a $138 million deficit and were $42,000 away from insolvency. When we took out a bond to pay the deficit, everyone said we would need double digit tax increases to make our payments. We […]
By Kathy Kahn At 11:45p.m. on March 31, Albany lawmakers passed Gov. Andrew Cuomo’s $168.3 Billion NYS Budget for fiscal year 2018-2019, but no mention of how to address the $4 billion deficit the state faces were included. It is the fourth consecutive year the budget was passed “on time.” Among the positives: A uniform policy on sexual […]
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 […]
New York State Comptroller Thomas DiNapoli announced this week that overall local sales tax collections for calendar year 2017. Rockland County’s sales tax revenue increased 2 percent from $205 to $209 million. Sales tax totaled $16.6 billion across New York State, an increase of $620 million, or 3.9 percent over the previous year, marking the highest year-over-year growth statewide since 2013. New […]
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 […]