NY's Balance of Payments With Washington Remains Positive for Now
Federal pandemic relief funds resulted in New York having a positive balance of payments with Washington, with the state ranking 42nd in federal fiscal year (FFY) 2023 on a per capita basis, according to a report issued by Comptroller DiNapoli.
This is the fourth year in a row that New York has had a positive balance of payments, after a long history of sending more tax dollars to Washington than it receives back. For every tax dollar paid to Washington in FFY 2023, the state received $1.06 in return; the national average was $1.32.
Albany Man Pleads Guilty to Stealing More Than $230,000 From Elderly State Pensioner
Comptroller DiNapoli, Rensselaer County District Attorney Mary Pat Donnelly, and New York State Police Superintendent Steven G. James announced the guilty plea of a man for stealing over $230,000 from an elderly victim. His co-defendant in this caretaker scheme pleaded guilty to grand larceny in the third degree last year.
NYS Pension Fund Commits an Additional $2.4 Billion Through Sustainable Investment Program
The New York State Common Retirement Fund committed an additional $2.4 billion to three funds as part of its Sustainable Investments and Climate Solutions Program, Comptroller DiNapoli, trustee of the Fund, announced.
ALSO IN THE NEWS THIS WEEK
Note: Some news links may require a paid subscription.
Post of the Week
Office of the NYS Comptroller Thomas P. DiNapoli
