Monitoring Financial Operations of
Local Governments Across New York
Holding local governments accountable and helping them obtain the knowledge and tools necessary to do their job is a critical responsibility of the Office of the State Comptroller. In 2023, State Comptroller DiNapoli's office audited hundreds of local governments and schools, trained thousands of local officials, and examined financial data. The office also streamlined financial reporting and created an easier way for local officials to submit information. This new system improves data quality and fosters more transparency in the use of taxpayers’ dollars.
Sixteen School Districts
Designated in Fiscal Stress
Sixteen school districts were designated in some level of fiscal stress for the school year ending June 30, 2023. This is up from 14 districts the prior year, but still well below the 33 designated in stress in 2019. A boost in temporary federal aid and growth in State aid have helped shore up school districts’ finances.
“Although federal relief packages and State aid provided much needed assistance, school officials should remain diligent and closely monitor their financial condition in the current and future budget cycles as one-time federal funds are depleted and State aid is uncertain,” DiNapoli said.
DiNapoli Files Shareholder Proposals with Six Companies on Political Spending
State Comptroller DiNapoli, trustee of the New York State Common Retirement Fund, announced the filing of shareholder proposals at six portfolio companies requesting they comprehensively disclose their political spending. DiNapoli filed the disclosure proposals with Airbnb Inc., DoorDash Inc., Caesars Entertainment Inc., SoFi Technologies Inc., Charter Communications Inc., and DraftKings Inc.
Livingston County Woman Arrested for Theft of Deceased Mother's Pension Payments
State Comptroller DiNapoli, Livingston County District Attorney Gregory J. McCaffrey, and the New York State Police announced the arrest of Patricia Chatley, 59, of Nunda, New York for allegedly stealing over $34,500 of her mother’s public pension payments after she died in January of 2020.
State Comptroller DiNapoli Statement on New York City Mayor's 2024 State of the City Address
State Comptroller DiNapoli said, “Public safety, affordability, and economic growth must guide future investments for New York, but the City is facing serious challenges, including unsustainable spending on the migrant crisis, growing housing costs and federal pandemic aid coming to an end."
Internship Opportunities for College Students
Do you know a college student completing their sophomore, junior or senior year looking for a summer internship in Albany? Applications for the Office of the State Comptroller’s 2024 Future Forward Internship Academy are open now through Friday, Feb. 16! Paid internships at the Office of the State Comptroller offer an opportunity to gain hands-on experience and the ability to earn up to 13 semester credit hours. Students can choose from a range of career tracks, and may be eligible to pursue full-time opportunities down the road with the State Comptroller's office.
ALSO IN THE NEWS THIS WEEK
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Tom DiNapoli @NYSComptroller
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