The MTA Capital Plan Review Board is scheduled to vote on the authority’s $51.5 billion Capital Plan for 2020-2014 next Wednesday, Sept. 25, but good government groups and others have concerns about the spending plan — a brief overview of which wasn’t made public until this Monday, Sept. 16.
New York is seeking to secure $2 billion in restitution from opioid manufacturers, distributors and pharmacy benefit managers that the state Department of Financial Services determined has been overcharged — as a result of misinformation — over the last decade.
Gov. Andrew Cuomo fired a shot across the bow of yet another utility company this week, when he sent a letter to the state Department of Public Service, directing the agency to broaden its investigation into a moratorium on natural gas imposed by National Grid after the energy provider failed to get approval for a hotly contested pipeline in May.
New York paid more than $102 million in duplicate payments to managed care organizations for health premiums over a more than four year period, according to an audit released this month by State Comptroller Thomas DiNapoli. The Office of the State Comptroller has identified billions in erroneous payments to managed care organizations since 2005.
New York state expects to spend an average of $13.4 billion in each of the next five years on capital projects, but the state comptroller says it would benefit from a more comprehensive assessment of its capital assets and needs.
State enacts legislation Monday increasing New York's capacity to prosecute financial fraud relating to stocks, bonds and other securities. The measure restores the six-year statute of limitations under the Martin Act, allowing New York to better protect investors and consumers, prevent bad practices and hold companies accountable for fraudulent activity and conduct.
Gov. Andrew Cuomo signed legislation on Thursday to protect veterans from scammers and unethical businesses who attempt to sell unnecessary, potentially damaging financial products or services to veterans for a commission or fee.