New York Reverts to Negative Balance of Payments with Federal Government, Reflecting End of Pandemic-Era Aid
With the historic, multi-year pandemic aid from the federal government mostly in the past, New York returned to a negative balance of payments with Washington for the first time since Federal Fiscal Year (FFY) 2019, according to a report by Comptroller DiNapoli. In FFY 2024, the state generated $353.5 billion in federal taxes and received $341.1 billion in federal spending. New York’s balance of payments amounted to a negative $12.4 billion. For every $1 in federal tax paid to Washington, the state received $0.97 in return, compared with a national level of $1.21.
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NYC Retail Recovery Uneven as Sales Increase, Job Growth Stalls
Retail spending in New York City bounced back quickly after the pandemic, but it has slowed and remains uneven, according to a report released by Comptroller DiNapoli. Clothing and food retailers saw modest employment gains, but other industries, especially furniture, electronics and general merchandise continue to shed jobs.
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Shareholder Proposal Presses Starbucks to Restore Independent Board Oversight of Labor Relations
Comptroller DiNapoli, New York City Comptroller Mark Levine and the Trillium Asset Management ESG Global Equity Fund have filed a shareholder proposal with Starbucks asking the Board of Directors to reestablish the Environmental, Partner, and Community Impact Committee — a standing committee of independent directors whose responsibilities would include overseeing policies and practices related to labor relations.
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Brothers Plead Guilty to Defrauding Medicaid
Comptroller DiNapoli, Albany County District Attorney Lee C. Kindlon, New York State Police Superintendent Steven G. James, and Acting Medicaid Inspector General Frank T. Walsh, Jr. announced that two brothers pleaded guilty to grand larceny in the second degree for using three Medicaid transportation companies to systematically defraud the program out of more than $1.6 million.
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Monterey Fire Department President and Daughter Indicted for Allegedly Stealing Department Funds
Comptroller DiNapoli, Schuyler County District Attorney Jeremy Hourihan, and New York State Police Superintendent Steven G. James announced that the president and interim treasurer of the Monterey Volunteer Fire Department and her daughter were indicted on charges of grand larceny in the third degree and official misconduct in relation to their alleged theft of $20,000 from the department.
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A G E N C Y A U D I T S
- New York City Department of Citywide Administrative Services – Actions to Reduce Carbon Emissions From City Government Operations
- Department of Health – Medicaid Program: Oversight of Electronic Transmitter Identification Numbers
- Metropolitan Transportation Authority – Selected Aspects of the Metropolitan Transportation Authority Small Business Development Program
- Division of Criminal Justice Services – Oversight of Adult Probation Services
- Department of Labor – Labor Investigations in New York City (Follow-Up)
M U N I C I P A L & S C H O O L A U D I T S
- Transparency of Fiscal Activities in Towns
- Big Indian-Oliverea Fire District – Board Oversight
- Broome County – Court and Trust
- City of Fulton – Clerk-Chamberlain’s Records and Reports
- Greene Central School District – Building Access
- Lawrence Union Free School District – Information Technology
- Town of Macedon – Ambulance Service Financial Operations
- Village of Moravia – Procurement
- City of Oneida – Bank and Receivable Control Account Reconciliations
- Town of Rotterdam – Transparency of Fiscal Activities
- Twin District Volunteer Fire Company – Credit Cards
- Town of Williamstown – Supervisor’s Records and Reports
- Woodhull Fire District – Financial Oversight
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