Page 24 - Comptroller Thomas News Today

New York fund wins political disclosure from FirstEnergy Bloomberg A continuing push by New York State Common Retirement Fund, Albany, to have companies disclose political spending and lobbying activity resulted in an agreement with FirstEnergy Corp. In return for the Akron, Ohio-based utilitys agreement to post semi-annual comprehensive reports for corporate spending on candidates, political parties, ballot measures and trade association payments over $25,000, the pension fund will withdraw a ...

State audit dings Duanesburg for sloppy accounting records FacebookTwitterEmail New York state Comptroller Thomas P.  DiNapoliTimes Union file photo DUANESBURG — Due to the lack of financial record keeping, the Duanesburg Town Board resorted to asking the town bookkeeper for verbal updates on cash balances to ensure funds were available to make purchases, according to an audit by the state Comptrollers Office. And because the bookkeeper failed to make timely transfers for disbursements, the ...

Given the economic downturn resulting from the novel coronavirus pandemic, the trend for many counties last year was a loss of sales taxes. State Comptroller Thomas P. DiNapoli released a report Feb. 2 showing how the health care crisis affected different areas. It showed that 27 of the 57 counties outside New York City had less sales tax revenue in 2020 than they did in 2019. “This report shows how deeply the [coronavirus] pandemic cut into municipal finances,” DiNapoli said in a new...

WATERTOWN — While sales tax revenue dropped statewide in 2020, Jefferson, Lewis and St. Lawrence counties bucked the trend and reported positive growth. A report from state Comptroller Thomas P. DiNapoli released Tuesday shows that statewide sales tax collections dropped by about 10% when compared to 2019. “This report shows how deeply the COVID-19 pandemic cut into municipal finances,” Mr. DiNapoli said in a statement released alongside Tuesday’s report. “Local governm...

New York State Team ALBANY - Democratic lawmakers are pressing New York leaders to raise as much as $7 billion a year by raising taxes on investment sales. As the home to Wall Street, New York could see a windfall if it boosts taxes on capital gains as the state grapples with a $15 billion budget gap over the next two years, supporters said. Progressive Democrats are seeking a whole suite of tax increases on the rich to raise new revenue for the state amid the COVID-19 pandemic to stave off cu...

Mayor Bill de Blasio said the industry was both bad for the planet and "a bad investment." Jan 27th, 2021 AP file NEW YORK (AP) — New York City officials announced this week that two pension funds for city workers will divest an estimated $4 billion in securities related to fossil fuel companies in order to promote clean energy use. “The divestment from fossil fuels is possible and necessary,” said City Comptroller Scott Stringer, who joined Mayor Bill de Blasio at a video briefing o...

Investors called on major social media companies to address the "urgent threat" of violence leading up to the presidential inauguration.

Andrew Yang officially announces candidacy for NYC mayor By Shelly Banjo Bloomberg,Updated January 14, 2021, 12:04 a.m. Email to a Friend Andrew Yang.Michael Short/Bloomberg Tech entrepreneur Andrew Yang, a former presidential contender, officially declared his run for New York City mayor on Wednesday. “I moved to New York City 25 years ago,” he said in a campaign video released Wednesday. “I came of age, fell in love, and became a father here. Seeing our City in so much pain bre...

The tech entrepreneur and vocal advocate of universal basic income officially declared his run for New York City mayor.

Andrew Yang Starts NYC Mayoral Run With Guaranteed-Income Pledge Bloomberg 1/14/2021 Shelly Banjo (Bloomberg) -- Tech entrepreneur Andrew Yang, a former presidential contender, officially declared his run for New York City mayor. In a campaign video released late Wednesday on Twitter, Yang put forth an agenda that included a guaranteed minimum income, bringing universal high-speed Internet, starting a “people’s bank” and reopening New York City “intelligently” from t...