thomas dinapoli

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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4:21pm

Tue February 28, 2012
Misdeeds

Audit slams New York IT agency for 'flagrant misconduct'

The audit charges the state's Information Technology agency with wasting taxpayer money.
photosteve101 via Flickr

The State Comptroller’s office has released a harshly-worded audit of the state Office for Technology (OFT), slamming the agency for favoritism and conflicts-of-interest in the awarding of state contracts.

Auditors say the abuses were, “flagrant, significant, and not well-hidden.”

OFT is responsible for handling the state government’s IT services.

Much of the audit focuses on OFT’s former deputy chief information officer, Rico Singleton, who’s accused of mishandling a state contract with the computer security company, McAfee, and wasting $1.5 million in taxpayer funds.

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