New York State Association of Black, Puerto Rican, Hispanic & Asian Legislators Caucus Weekend Recap
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State's Tuition Assistance Program Not Keeping Up With Inflation and Tuition Costs
A new report from Comptroller DiNapoli finds that New York’s Tuition Assistance Program (TAP), the state’s primary need-based grant program for college students, has not kept pace with inflation or rising tuition costs since the 2008-09 academic year. Undergraduate TAP recipients dropped by 77,000 (21%), with steep declines among two-year programs (45%), private-sector schools (40%), and lowest-income households (38%).
“TAP has helped generations of New Yorkers attend college, but it’s falling behind the realities of today’s costs,” DiNapoli said. “Updating award criteria so that TAP continues to be a useful support for families is needed to help New York retain talent and ensure students have the resources they need to succeed.”
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Stronger Oversight Needed for Social Adult Day Care Programs
An audit of the Department of Health's oversight of Social Adult Day Care programs found questionable Medicaid payments, safety risks and compliance problems, according to Comptroller DiNapoli. On Feb. 9, the U.S. Department of Justice announced the arrest of two Queens men. They were charged with allegedly defrauding Medicare and Medicaid of $120 million by paying illegal kickbacks and bribes and submitting claims for services that were never provided. DiNapoli’s office had referred its audit findings and worked with law enforcement on the investigation.
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Comptroller DiNapoli Releases Report on FY 2027 Executive Budget
Comptroller DiNapoli’s report examining the proposed State Fiscal Year (SFY) 2027 Executive Budget warns that the trajectory of projected state spending is estimated to increase at a rate faster than expected revenues, creating cumulative outyear budget gaps estimated by the Division of Budget to total $27.5 billion through SFY 2030. Actions taken in Washington, including reductions in federal aid, create increased fiscal strains that are likely to affect the state’s economy, finances and safety net.
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New Banking Development District to Support Community Banking in the Butternut Valley
Comptroller DiNapoli and Acting Superintendent of the Department of Financial Services Kaitlin Asrow announced the approval of the Butternut Valley Banking Development District (BDD) as a participant in the BDD program and deposited $35 million in New York State funds to Sidney Federal Credit Union’s Morris Branch. The BDD program was created to encourage and incentivize qualified banks and credit unions to open or maintain bank branches in underserved areas.
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Comptroller DiNapoli's Statement on New York City's Fiscal Year 2027 Preliminary Budget
“The $127 billion Fiscal Year (FY) 2027 preliminary budget marks a substantial shift in the city’s approach to budgeting, incorporating chronically underbudgeted expenses and new spending risks. I commend Mayor Mamdani for recognizing the fiscal risks ahead and I urge caution in tracking revenue and making swift adjustments if needed.”
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M U N I C I P A L & S C H O O L A U D I T S
- Newburgh Enlarged City School District – Financial Management
- Caneadea Fire District – Treasurer’s Records and Reports
- Town of Palermo – Transparency of Fiscal Activities
- Beekmantown Fire District No. 1 – Investment Program
- Beekmantown Fire District No. 1 – Board Oversight
- Village of Churchville – Financial Management
A L S O I N T H E N E W S
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