thomas dinapoli

4:08pm

Tue May 6, 2014
Financial Stress

Your town or school's fiscal stress score, mapped

Credit http://osc.state.ny.us/localgov/fiscalmonitoring/pdf/stress_list.pdf

How stressed out is the checkbook in your hometown or school district? The New York comptroller's office recently finished scoring nearly 2,300 governments and school districts and tabulated their fiscal stress levels.

There are 142 municipalities in some level of fiscal stress, according to Comptroller Thomas DiNapoli.

The comptroller says the percentage score, with 100 percent being as stressed out as a municipality can get, is an 'early warning system.'

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11:26am

Thu October 24, 2013
Money

Off the rolls: 27% of land in New York is tax exempt

Comptroller Thomas DiNapoli, left, talks with Syracuse Mayor Stephanie Miner.
Ryan Delaney WRVO

More than a quarter of all property in New York state is off the tax rolls, according to figures compiled by the state comptroller, who said it's a burden on local finances.

The 27 percent of un-taxed land in the state adds up to $680 billion in property value not being collected on, which is mostly concentrated in urban areas. The city with the most property off-limits is Rensselaer, with 65 percent.

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6:30am

Wed May 8, 2013

3:50pm

Mon May 14, 2012
Tech

Movie stars rely on Albany startup to hone their online images

A small Albany startup helps Hollywood stars manage their images through social media.
Xurble via Flickr

A small startup based in Albany has managed to help some of Hollywood's biggest celebrities protect and promote their own online images.

And New York State is banking on the company's success - by investing in it through the state pension fund.

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5:20pm

Wed May 2, 2012
Economic development

DiNapoli: IDAs not delivering on job creation promises

Comptroller Thomas DiNapoli says "taxpayers are not getting enough bang for their buck when it comes to IDAs."
Matt Ryan WMHT

More tax breaks does not equal more jobs.

That's according to State Comptroller Thomas DiNapoli's latest report on New York's industrial development agencies (IDAs).

In his fifth report on IDAs [PDF], DiNapoli says the number of jobs created by the local economic development engines dropped by 22,000 from the year before.

DiNapoli also cites a $483 million gap in what IDAs gave out in tax breaks and how much they took in via payments-in-lieu-of-taxes (PILOTs).

That breaks down, the report finds, to a $2,659 cost per job - up 9 percent from the year before.

"Taxpayers are not getting enough bang for their buck when it comes to IDAs," DiNapoli said in a statement.

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