ALBANY, N.Y. â Tax collections for State Fiscal Year (SFY) 2020-21 totaled $82.4 billion ââ â$3 billion higher than forecast by the state Division of the Budget (DOB) in the Amended Executive Budget Financial Plan in February (latest projections), and $6.8 billion higher than forecast in May 2020 (initial projections), according to the March State Cash Report released recently by New York State Comptroller Thomas P. DiNapoli.
Total tax collections for SFY 2020-21 were $513.3 million lower than the previous year.
âThe stateâs year-end financial position was significantly better than anticipated,â DiNapoli said.
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âWe face a long road to recovery, and the stateâs economy still faces serious challenges, both in the short-term and long-term. Better-than-anticipated tax collections, federal resources and new revenues in the recently adopted budget allow for important investments in critical programs and services, but state p
N Y Comptroller DiNapoli grants AG James power to launch probe into Cuomo COVID book
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N Y Comptroller DiNapoli grants AG James authority to launch probe into Cuomo COVID book
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SEC backs Amazon proposal from New York State Common
Bloomberg
The SEC has backed New York State Common Retirement Fund s bid to have Amazon.com conduct an independent racial-equity audit.
Officials at the Securities and Exchange Commission denied the online retailer s request to keep the proposal off the ballot at its annual meeting.
In December, New York State Comptroller Thomas P. DiNapoli, trustee of the $247.7 billion pension fund, announced the shareholder proposal that Amazon undergo an independent audit to assess the company s policies and practices on civil rights, equity, diversity and inclusion, and how those affect the company s business. Amazon says it stands alongside those fighting systemic racism, yet we continue to see reports of workers facing racial discrimination, accusations of discriminatory wages, and the sale of products that promote hatred, Mr. DiNapoli said in a December statement.