State Comptroller Thomas P. DiNapoli's Weekly News - Federal Funding Uncertainty Jeopardizes Inflation Reduction Act Impact for New Yorkers

Federal Funding Uncertainty Jeopardizes Impact of Inflation Reduction Act for New Yorkers

A report by Comptroller DiNapoli details New York’s financial impact from the 2022 Inflation Reduction Act, including close to $2 billion in funds for environmental and energy purposes that could help lower costs to consumers during New York’s transition to clean energy. Comptroller DiNapoli warns there is now significant uncertainty about whether this funding will continue after a new executive order issued by President Trump.

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Comptroller DiNapoli and Department of Financial Services Superintendent Harris Designate New Banking Development District Branch to Support Community Banking in Red Hook

Comptroller DiNapoli and Department of Financial Services Superintendent Adrienne A. Harris announced the approval of Spring Bank’s Red Hook Branch as a Banking Development District and deposited $10 million in public funds to the bank.

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Comptroller DiNapoli Announces Scheduled Sale of $541M State of New York General Obligation Bonds

Comptroller DiNapoli announced the details of the upcoming New York State General Obligation bond issue totaling $541.1 million. A competitive sale of tax-exempt and taxable bonds is scheduled for March 18. The state expects to sell $347.8 million of new money for transportation, education and environmental purposes and, depending on market conditions, $193.3 million to refund a portion of certain outstanding General Obligation bonds to reduce the state’s debt service costs.

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Municipal Audits

• Rensselaer County Capital Resource Corporation
• Village of Penn Yan
• Town of Colonie
• Town of Grand Island
• Town of Brookhaven
• City of North Tonawanda
• City of Rome
• Town of Tonawanda

ALSO IN THE NEWS THIS WEEK

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• Funding freeze puts ratepayer relief programs at risk, comptroller says
  
  
• Top Law Firms Defend Overhaul of America’s Business Court
  
  
• DiNapoli Report Looks At New York City Metro Area’s Import & Export Economies
  
  
• Red Hook's Spring Bank becomes designated Banking Development District
  
  
• NYS Comptroller DiNapoli seeks political spending information from six companies
  
  
• Sending off Hazel Dukes

Post of the Week
Thomas P. DiNapoli

DHS Launches International Ad Campaign Warning Illegal Aliens to Self-Deport and Stay Out

 

“Under President Trump, America’s borders are closed to lawbreakers.” - Secretary Noem  

The Department of Homeland Security is launching its international, multimillion-dollar ad campaign warning illegal aliens to not to come to America and break its laws or they will be hunted down and deported.  

This series of ads will run on radio, broadcast, and digital, in multiple countries and regions in various dialects. Ads will be hyper-targeted, including through social media, text message and digital to reach international audiences. 

“Thank you, President Donald J. Trump, for securing our border and putting America first. President Trump has a clear message: if you are here illegally, we will find you and deport you. You will never return. But if you leave now, you may have an opportunity to return and enjoy our freedom and live the American Dream,” said Secretary Kristi Noem. “If you are a criminal alien considering entering America illegally: Don’t even think about it.  If you come here and break our laws, we will hunt you down. Criminals are not welcome in the United States.” 

Statement from Attorney General Pamela Bondi on Federal Judge Blocking Deportations

 

“A, DC trial judge supported Tren de Aragua terrorists over the safety of Americans. TdA is represented by the ACLU. This order disregards well-established authority regarding President Trump’s power, and it puts the public and law enforcement at risk. The Department of Justice is undeterred in its efforts to work with the White House, the Department of Homeland Security, and all of our partners to stop this invasion and Make America Safe Again.”

Attorney General James Releases Statement on President Trump’s Bigoted Invocation of the Alien Enemies Act

 

New York Attorney General Letitia James released the following statement after President Trump invoked the Alien Enemies Act:

“Invoking the Alien Enemies Act, an extraordinary wartime power with a shameful history, to arbitrarily detain and deport immigrants is bigoted, dangerous, and profoundly unjust. This nation is built on the hard work and determination of generations of immigrants, who work each and every day to serve our communities. We must respect their fundamental rights and dignity. The Trump administration’s attacks on immigrants are causing fear and chaos, devastating families, and hurting local economies. My office will continue to use every tool at our disposal to fight back and protect the rights of immigrants in New York and across our country.”

Governor Hochul Directs Flags to Half-staff to Honor Former Congresswoman Nita Lowey

Flags To Be Flown at Half-Staff Through March 17

Governor Kathy Hochul today announced that flags will be flown at half-staff in honor of former Congresswoman Nita Lowey beginning immediately and through sunset on March 17, 2025.

“I’m deeply saddened by the passing of my friend, former Representative Nita Lowey,” Governor Hochul said. “As a freshman member of Congress, Nita helped show me ropes as I was learning how to navigate Washington. She was a tireless fighter for the State of New York and never stopped working to deliver for the people of Westchester and Rockland.”

Former Congresswoman Lowey served for 32 years in the House of Representatives, representing parts of the Hudson Valley. She died on March 15 in Harrison, New York, and is survived by her husband of 64 years, Stephen Lowey; her children Dana, Jackie and Douglas; and eight grandchildren.

 

New York City Hispanic Chamber of Commerce - Women in Business Luncheon 2025 - Honorees - Last Call

 

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Housing Lottery Ends Next Week for 3641 Johnson Avenue in Riverdale, The Bronx

 

The affordable housing lottery has launched for 3641 Johnson Avenue, an eight-story residential building in Riverdale, The Bronx. Designed by Michael Kang Architect and developed by C&Z Realty Development, the structure yields 26 residences. Available on NYC Housing Connect are eight units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $81,429 to $218,010.

Amenities include pet-friendly policies, bike storage lockers, a shared laundry room, on-site resident manager, and rooftop terrace. Residences come equipped with air conditioning, fireplaces, hardwood floors, charging outlets with USB ports, smart controls for heating and cooling, and name-brand kitchen appliances, countertops, and finishes. Tenants are responsible for electricity.

At 130 percent of the AMI, there are four one-bedrooms with a monthly rent of $2,375 for incomes ranging from $81,429 to $181,740, and four two-bedrooms with a monthly rent of $2,650 for incomes ranging from $90,858 to $218,010.

Prospective renters must meet income and household size requirements to apply for these apartments. Applications must be postmarked or submitted online no later than March 24, 2025.

Riverdale Main Streets Alliance Upcoming Local Events

Comedy Night: Ticket Link Our first volunteer event of the season is this Sunday, March 16! Join us at 10:30am on Riverdale Avenue & West 258th Street. All are welcome Questions? Email us at rmsabx@gmail.com