DiNapoli: Dunkin’ Donuts Agrees to Run on Sustainable Palm Oil
New York State Comptroller Thomas P. DiNapoli announced Thursday that Dunkin’ Brands Group, owner of Dunkin’ Donuts, has agreed to set a date for sourcing 100 percent of the palm oil used to make its products from sustainable sources.
DiNapoli: State and Local Public Authority Debt Nears $250 Billion
Public authority debt increased to nearly a quarter of a trillion dollars in the latest reported fiscal year, according to a reportreleased Tuesday by State Comptroller Thomas P. DiNapoli. New York relies on authorities to undertake most borrowing on its behalf, and routinely uses authority resources to plug state budget gaps.
MTA’s East Side Access Project 10 Years Late and $4.4 Billion Over Budget
The Metropolitan Transportation Authority’s (MTA’s) East Side Access project, which will bring Long Island Rail Road service to Grand Central Terminal for the first time, is expected to cost nearly $9 billion when finished in 2019, more than twice the MTA’s initial cost estimate and a decade later than expected, according to a reportreleased Wednesday by New York State Comptroller Thomas P. DiNapoli.
DiNapoli Announces Results of General Obligation Bond Sale: $566,560,000 Awarded
State Comptroller Thomas P. DiNapoli Thursday awarded three series of New York State General Obligation Bonds, totaling $566,560,000, through a competitive sale. Specifically, the sales were $348,065,000 of Series 2013A Tax–Exempt Bonds, $47,810,000 of Series 2013B Taxable Bonds and $170,685,000 of Series 2013C Tax–Exempt Refunding Bonds. The bonds are scheduled to be delivered on March 19, 2013.
DiNapoli Urges Caution as Budget Progresses
The amendments to the Executive Budget for state fiscal year 2013–14 curtailed some risks contained in the originally proposed budget, but the impact from federal sequester cuts represent a risk to the Financial Plan according to a reportreleased by Comptroller Thomas P. DiNapoli.
DiNapoli: Rochester Faces Serious Fiscal and Demographic Challenges
The city of Rochester, hampered by increasing budget gaps and the highest percentage of families living in poverty of any city in New York, is expected to face heightened fiscal stress in coming years, according to a reportreleased Monday by State Comptroller Thomas P. DiNapoli. The city’s revenues have grown at a higher rate than other cities, giving it some flexibility that other cities do not have. The report is the latest in a series of fiscal profiles DiNapoli will issue on cities across the state.
Comptroller DiNapoli Releases Municipal Audits
New York State Comptroller Thomas P. DiNapoli Thursday announced his office completed the following audits: