Office of the New York State Comptroller DiNapoli - This Week: Business Costs in New York City

Business Costs in New York City

According to a new report released by Comptroller DiNapoli, New York City remains one of the nation’s most expensive places to start or operate a business, but several major business expenses have grown at a slower rate than in competing metropolitan areas over the past decade. Understanding where costs are rising more quickly can help inform policies that support both economic growth and affordability.

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Audit Reveals More Than $460K Owed to Vehicle Owners

An audit released by Comptroller DiNapoli found that NYC’s Department of Finance (DOF) failed to return over $460,000 to owners of seized vehicles that were auctioned due to a lack of financial controls and training. The lack of internal controls shortchanged vehicle owners of money that was rightfully theirs. The DOF generally agreed with the audit's findings and is acting to implement its recommendations.

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Former Hoosick Falls Police Chief Pleads Guilty to Official Misconduct

The former officer in charge of the Village of Hoosick Falls Police Department and former chief of the Town of Hoosick Rescue Squad, pleaded guilty to official misconduct, in relation to using rescue squad funds to purchase over a thousand dollars in tires for his personal vehicle, Comptroller DiNapoli, Rensselaer County District Attorney Mary Pat Donnelly, and New York State Police Superintendent Steven G. James announced.

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S T A T E   A G E N C Y   A U D I T S

• Department of Health – Medicaid Program: Improper Medicaid Payments to Hospitals for Outpatient Services Billed as Inpatient Services for Recipients Enrolled in Managed Care
• Department of Health – Medicaid Program: Improper Payments for Laboratory and Related Services
• Office for People With Developmental Disabilities – Incentives for Non-Profit Service Providers’ Recruiting and Retention Efforts
• Department of Motor Vehicles – Assessable Expenses of Administering the Motor Vehicle Financial Security Act and the Motor Vehicle Safety Responsibility Act for the State Fiscal Year Ended March 31, 2025
• Nelson A. Rockefeller Empire State Plaza Performing Arts Center Corporation – Security Over Critical Systems

A L S O  I N  T H E  N E W S

•  Why does it cost so much to run a business in NYC?

•  N.Y. comptroller audit finds nearly two-thirds of funds for  homeless veterans went  unspent

•  Floyd Memorial Library Podcast: Episode 241 with Tom DiNapoli, New York State   Comptroller

•  Audit finds issues with N.Y.'s domestic violence hotline

•  Homelessness proving to be an intractable problem

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