A rush of New Yorkers paying personal income taxes last December is being credited as one reasons state tax receipts increased in the recently-ended fiscal year.
The State Attorney’s Office announced Tuesday the arrest of William Rapfogel, former executive director and CEO of the Metropolitan Council on Jewish Poverty, on felony charges of grand larceny, money laundering, criminal tax fraud, conspiracy and other charges.
State Comptroller Thomas DiNapoli found during an audit of the University at Albany that some hard drives about to be discarded still contained personal information.
New York State Comptroller Thomas DiNapoli announced that nearly $400 million is available for investing in New York-based companies through the New York State Common Retirement Fund’s In-State Private Equity Program.
New York State was able to recover $46 million in over payments to nursing homes after an audit by State Comptroller Thomas DiNapoli found the Department of Health’s computer system failed to deduct payments some nursing home residents are required to pay for their care.
According to an audit released by State Comptroller Thomas DiNapoli, the state Department of Health made as much as $31 million in excessive Medicaid payments for patients who died within 24 hours of being admitted to a hospital after a new method of calculating hospital payments went into effect.
State Comptroller Thomas DiNapoli says a record amount of unclaimed funds, totaling $347 million, were paid out to individuals and organizations in the state’s last fiscal year. This new record surpasses the previous year by $33 million.
Currently, there is $12.5 billion in lost or forgotten money that is still waiting to be claimed.
State tax collections of $12.6 billion through May rose 25.8 percent from collections during the same period last year primarily due to non-recurring estimated Personal Income Tax (PIT) payments made in April, according to the May Cash Report released Thursday by State Comptroller Thomas DiNapoli.
State Comptroller Thomas DiNapoli will examine payments made by the state in response to Superstorm Sandy to make sure state agencies received goods and services at the appropriate price.