| For the week ending September 29, 2013
DiNapoli: MTA Budget Outlook Improves
The Metropolitan Transportation Authority (MTA) is on stronger financial footing than seven months ago with $1.9 billion in unanticipated resources now expected to be available over the course of the financial plan period, yet it still plans to raise fares and tolls by 15 percent over a three–year period, according to an analysisof the MTA’s financial plan released Friday by New York State Comptroller Thomas P. DiNapoli. The MTA plans to use the bulk of the unanticipated resources to improve service and maintenance, reduce the size of projected budget gaps and help fund the next capital program.
A.G. Schneiderman Announces Arrest of Former Nonprofit Director For Involvement in Scheme to Steal More Than $5 Million
New York State Attorney General Eric T. Schneiderman announced Tuesday the arrest of William Rapfogel, former Executive Director and Chief Executive Officer of the Metropolitan Council on Jewish Poverty (“Met Council”), on felony charges of grand larceny, money laundering, criminal tax fraud, and conspiracy, among others. The Attorney General’s complaint charges Rapfogel with conspiring with others to inflate the rate of insurance policies paid by Met Council while pocketing the difference in cost, amounting to more than $5 million stolen from the organization over roughly 20 years. Rapfogel received payments on a regular basis in envelopes of cash and in the form of checks for personal expenses, such as payment for a home contractor.
DiNapoli: More Counties, Towns, Cities Identified in Fiscal Stress
Fourteen local governments, including Rockland, Suffolk, Nassau and Erie counties, have been designated as fiscally stressed in the latest update of State Comptroller Thomas P. DiNapoli’s Fiscal Stress Monitoring System. The update was issued in conjunction with a report highlighting the similarities among localities listed in fiscal stress.
DiNapoli: Audit Uncovers $55,000 in Suspicious Spending at West Seneca Fire District
Officials with the West Seneca Fire District #6 spent nearly $55,000 in public funds for personal meals, travel expenses, expensive jewelry and internet and cable service, according to an audit and investigation by State Comptroller Thomas P. DiNapoli. The case was referred to Erie County District Attorney Frank A. Sedita. Based on the Comptroller’s audit, Sedita’s office charged district treasurer Diane Nowicki with petit larceny. She appeared in Orchard Park town court on Sept. 26 where she pleaded guilty.
Statement of State Comptroller Thomas P. DiNapoli on Qualcomm leading CPA–Zicklin Index of Corporate Political Spending Disclosure
New York State Comptroller Thomas P. DiNapoli Wednesday applauded Qualcomm Inc. for achieving a top ranking in the 2013 CPA–Zicklin Index of Corporate Political Accountability and Disclosure. This new recognition comes after the New York State Common Retirement Fund and Qualcomm reached an agreement for the company to disclose how shareholder funds are used for political purposes.
Comptroller DiNapoli Releases School Audits
New York State Comptroller Thomas P. DiNapoli announced Thursday his office completed audits of theAndover Central School District, Gloversville Enlarged School District, Hancock Central School District, and theLaurens Central School District.
Comptroller DiNapoli Releases Municipal Audits
New York State Comptroller Thomas P. DiNapoli announced Thursday his office completed audits of theVillage of Keeseville, the Wantagh Fire District, and the Town of Wheatfield.
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