For the week ending March 24, 2013


DiNapoli: PepsiCo to Disclose Lobbying and Trade Association Ties

PepsiCo, a global food and beverage company with annual revenues of $60 billion, has agreed to fully disclose all of its direct lobbying and contributions made to trade associations as well as funds paid to grassroots lobbying and tax-exempt organizations that write and endorse model legislation, according to New York State Comptroller Thomas P. DiNapoli. In response to the agreement, DiNapoli withdrew a shareholder resolution calling for disclosure of shareholder money spent on lobbying and other political spending.

SEC Action Puts Caterpillar Resolution on Sudan up for Shareholder Vote

The New York State Common Retirement Fund’s shareholder resolution calling upon Caterpillar Inc. to take steps to ensure that the company’s foreign subsidiaries are not doing business with the government of Sudan will go before shareholders on June 12, New York State Comptroller Thomas P. DiNapoli announced Thursday. Caterpillar had attempted to block the resolution from appearing on its shareholder proxy statement to be voted upon at its annual meeting by petitioning the Securities and Exchange Commission to allow its exclusion from the meeting agenda.

DiNapoli: Tax Collections Declined in February; Budget Must Reflect Realistic Revenue Expectations

Total tax collections trailed the latest projections in the amended Executive Budget Financial Plan released last month, according to the February cash report released Wednesday by State Comptroller Thomas P. DiNapoli. Tax collections through February totaled $59.9 billion, 2.6 percent higher than the same period a year ago although collections in the month of February were 5.6 percent lower than collections for the same period last year.

Comptroller DiNapoli Releases Municipal Audits

New York State Comptroller Thomas P. DiNapoli Thursday announced his office completed audits of the the Town of Deerfield; the Town of Newstead; and, the Town of Stratford..

Companies: Show Us the Money

Caterpillar Investors Will Vote on Sudan Sales, DiNapoli Says

Cuomo Plan to Curb Pension Costs Dropped Under Pressure