Tom DiNapoli

A dodgy year for sales tax collections

Sales tax collections are considered a go-to economic indicator, giving business and government leaders a quick look at local consumer spending and confidence. But the numbers don’t always tell the whole story. Take 2015, for example, during which statewide sales tax collections grew by $552 million, an increase of 3.6 percent. Pretty good, right? Actually no. $487 million of the increase occurred in New York City. Not counting NYC, the statewide increase was an anemic…


DiNapoli: Sloppy controls at Upstate IDAs

NY Comptroller Tom DiNapoli is keeping the heat on industrial development agencies around the state, this time with audits that suggest poor followups on approved projects in upstate Niagara, Tompkins and Wyoming counties. “When taxpayers and communities are helping to incentivize and assist local economic development efforts, there must be proper accountability,” DiNapoli said in releasing the audits. “IDAs are leveraging tax breaks in exchange for long-term jobs and future revenue for their communities, but without…