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DiNapoli believes there is an opportunity to set aside the new revenues to make sure the state is in a good position in case of an emergency, such as another lockdown.
“We are part of a very small number of states that are net donors to the federal government. A little fairness would be nice,”
“It clearly is a step forward. It increases accountability and decreases corruption risk.”
ALBANY (WSKG) – Wall Street profits are up by one third over the same period last year, says the New York State Comptroller. Comptroller Tom DiNapoli says the gain of $12.3 billion dollars is good news for New Yorkers with retirement accounts invested in the market, as well as the state’s pension fund. The Comptroller’s report finds traders, and security underwriters made 29 percent more in profits in the first half of 2017 than they did in 2016. Wealth management firms saw their profits increase by 20 percent from the same time period last year. Comptroller DiNapoli says employment in the securities industry also increased, by 11,000 jobs from last year, to a total of around 178,000 positions.