Page 47 - Comptroller Thomas News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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 utility's 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 related shareholder resolution, New York state Comptroller Thomas P. DiNapoli, sole trustee of the ...

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 Comptroller's Office. And because the bookkeeper failed to make timely transfers for disbursements, the audit found, the town’s bank account had a negative balance, prompting the bank to notify the tow...

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 news release that accompanied the report. “Local governments depend heavily on sales taxes as a ma...

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 governments depend heavily on sales taxes as a major source of revenue, but as New Yorkers stayed home and ...

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 cuts in aid for schools and services. “Billionaires and millionaires in our state have become wealth...