Page 22 - Comptroller Thomas News Today

View Comments ALBANY - Overtime costs at state agencies in New York increased 5.5% last year as COVID-19 put some departments into high gear to address the pandemic, records showed. Overtime surged in particular at the state Department of Labor as it grappled with an unprecedented rise in unemployment claims last year. Overtime jumped nearly $25 million in 2020 at the labor department compared to 2019, accounting for 56% of the total overtime increase at state agencies last year. Additionall...

ALBANY - Overtime costs at state agencies in New York increased 5.5% last year as COVID-19 put some departments into high gear to address the pandemic, records showed. Overtime surged in particular at the state Department of Labor as it grappled with an unprecedented rise in unemployment claims last year. Overtime jumped nearly $25 million in 2020 at the labor department compared to 2019, accounting for 56% of the total overtime increase at state agencies last year. Additionally, 15 state wo...

Press-Republican SARANAC — Saranac Town Clerk Mary L. Bell, 54, is accused of falsifying records and faces multiple felony counts. State Comptroller Thomas P. DiNapoli and Clinton County District Attorney Andrew Wylie announced the Redford woman was arrested Thursday for allegedly hiding her failure to deposit more than $800 in cash payments to the town that she had collected as clerk between April and August 2017. “Ms. Bell, as an elected official, swore to act with honesty and integrit...

The Pros and Cons of Privatizing Government Functions Outsourcing may seem like a perfect solution for deficit-plagued governments, but the morning after can bring some unpleasant surprises. November 29, 2010 •  Last summer, residents of Maywood, Calif., woke up one morning to find the government as they knew it gone. After years of corruption and mismanagement, the small, blue-collar city south of Los Angeles fired almost all of its employees, dismantled...

by Steve Bittenbender, The Center Square contributor  | April 30, 2021 06:00 PM Print this article The record $212 billion budget New York lawmakers passed earlier this month includes an estimated $26.7 billion in revenues from new resources. That’s according to an analysis released Thursday by Comptroller Thomas DiNapoli. The new resources include federal aid tied to COVID-19 legislation, tax increases and the creation of new initiatives – including the legalization...

WATERTOWN — Sales tax revenue recovered considerably across the north country in March compared to the same month last year when businesses began shutting down due to the COVID-19 pandemic. For the north country region consisting of Clinton, Essex, Franklin, Jefferson, Lewis and St. Lawrence counties, revenue increased by a total of 31.7%, or $7.5 million, according to a report released Friday by state Comptroller Thomas P. DiNapoli. Revenue grew from $23.6 million in March 2020 to $31.1 m...

Exclusive-New York state pension fund backs activist nominees in Exxon proxy fight By Jennifer Hiller Reuters HOUSTON (Reuters) -New York states pension fund on Friday threw its support behind an activist funds slate of nominees to Exxon Mobil Corps board, heating up a proxy fight for the companys future. The biggest U.S. oil producer Exxon and activist hedge fund Engine No. 1 are battling over board seats following Exxons historic net annual loss of $22.4 billion for 2020. The fund has critici...

EnergyEXCLUSIVE New York state pension fund backs activist nominees in Exxon proxy fight ReutersJennifer Hiller 1/4 An Exxon sign is seen at a gas station in the Chicago suburb of Norridge, Illinois, U.S., October 27, 2016. REUTERS/Jim Young Read More New York states pension fund on Friday threw its support behind an activist funds slate of nominees to Exxon Mobil Corps (XOM.N) board, heating up a proxy fight for the companys future. The biggest U.S. oil producer Exxon and activist hedge fund E...

by Steve Bittenbender, The Center Square contributor  | April 19, 2021 07:00 PM Print this article New York state collected $3 billion more in tax revenue than anticipated during the 2020-21 fiscal year, according to Comptroller Thomas DiNapoli. In all, the state received $82.4 billion, according to the comptroller’s statement. While it was still more than $513 million less than what the state collected for the 2019-20 fiscal year, it not only beat the state...

New York will continue to apply state income tax to 2020 unemployment benefits in full despite the federal government exempting the first $10,200. Gov. Andrew Cuomos administration confirmed the decision Wednesday during a news conference on the new $212 billion state budget. The decision came almost a month after the federal government, in the most recent stimulus package, opted against taxing the first $10,200 of unemployment benefits received by individuals with an adjusted gross income o...