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Comptroller DiNapoli: NYS economic situation grows worse

According to a report today by New York State Comptroller Thomas DiNapoli, the state's tax receipts in May were down $766.9 million or 19.7%...

New York state April sales tax collections down 24.4%, nearly 9%...

At the same time, however, the Mid-Hudson region showed the least severe decline of 21.5%.

Mount Vernon mayor pleads guilty to taking campaign funds; will resign...

Mayor Richard Thomas pleaded guilty to third-degree attempted grand larceny and second-degree offering a false instrument for filing. Both are misdemeanors.

Bottini Fuel skim scam costs $3.3M in criminal, civil penalties

The outcome was the first time the New York False Claims Act has led to a criminal conviction and restitution for victims, according to the whistleblower’s law firm, Getnick & Getnick.

Middletown chiropractors accused of massive health care insurance scheme

James and Jeffrey Spina “routinely showed little, if any, regard for which medical services or treatments were medically necessary," according to the federal indictment.

NY Comptroller: Sales tax collections highest in 8 years

This was the highest half-year increase since 2010 and the fourth consecutive period of strengthening local sales tax collections.

Westchester residents are owed $272M in unclaimed funds

The comptroller’s office set up a searchable online database to assist residents in claiming those funds.

Wall Street reversed declining profits last year, DiNapoli reports

The securities industry paid $13.5 billion to New York State in the past fiscal year, contributing 18 percent of state tax revenues.

State: Three governments in region under major fiscal stress

Three municipalities in the Hudson Valley are under significant financial stress, according to data and analysis released by the state comptroller’s office.

Comptroller: State worker overtime on pace for new record

New York state public employees are on pace to set new records for overtime costs and overtime hours this year.

Moody’s upgrades New York state’s bond rating

The upgrade to Aa1 marks the highest rating the state’s debt has held since the financial crisis of the 1970s.

DiNapoli to speak in Tarrytown on affordable housing crisis

New York State Comptroller Thomas P. DiNapoli will be the featured speaker at a Community Housing Innovations breakfast Monday in Tarrytown.

Comptroller stops $21 million in faulty tax refunds

State Comptroller Thomas DiNapoli announced last week that his office has halted $21.2 million in questionable tax refunds after finding 6,353 improper filings.

Report: Municipalities struggling to meet fiscal demands

State Comptroller Thomas DiNapoli recently released his annual report on local governments and expressed concern about New York’s municipalities ability to meet their respective fiscal challenges.

Report: Securities industry recovering

The securities industry is on pace to net more than $15 billion in profits in 2012, but firms have yet to recover most jobs that were lost in the aftermath of the financial crisis, according to an Oct. 9 report.