October is Italian-American Culture
and Heritage Month
Join State Comptroller DiNapoli for a personal conversation about his rich Italian heritage. “Like my ancestors before me, I hold my Italian culture and heritage dear and am proud to be an American of Italian descent. In this conversation I discuss my family’s story of coming to the United States and growing up on Long Island."
State Comptroller DiNapoli Announces New $50 Million Investment in Northern Ireland
State Comptroller DiNapoli was joined in Belfast by Joseph Kennedy III, U.S. Department of State Special Envoy for Northern Ireland Economic Affairs and Bernard McGuire, Managing Director of 57 Stars, an international private equity investor, to announce a new $50 million commitment to invest in Northern Ireland companies from the New York State Common Retirement Fund. The investment from the State pension fund’s private equity program will be managed by 57 Stars, a Washington D.C. based investment manager.
Local Sales Tax Collections Increase by 3.6% in Third Quarter Over Last Year
Local government sales tax collections in New York State totaled $5.9 billion in the third calendar quarter of 2023 (July - September), an increase of 3.6%, or more than $205 million, compared to the same period last year, according to a report released by State Comptroller DiNapoli. This marks the second consecutive quarter of collections returning to lower pre-pandemic year-over-year growth rates.
New York City Continues to Rebound and Regain Share of State Economic Activity
Economic indicators show New York City’s economy is recovering from the depths of the pandemic, with the City accounting for three-fifths of the State’s total wages and its sales tax collections rising to 43% of total Statewide collections, nearing pre-pandemic levels, according to a report released by State Comptroller DiNapoli. Even with these and other positive developments, more people and jobs need to return to the City to fuel economic growth for the City and the State.
DiNapoli Tracks State and City Spending Related to Asylum Seekers
State Comptroller DiNapoli launched a new online tool to monitor emergency spending related to assistance for asylum seekers by New York State and New York City. State agencies have spent $316.2 million in State Fiscal Year 2023-24 on resources for asylum seekers through Sept. 30. New York City’s estimated total spending from Fiscal Year (FY) 2023 and FY 2024 through Sept. 30 is $1.89 billion.
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