In a May 16 announcement, Governor Andrew Cuomo announced the release of proposed regulations to limit spending for administrative costs and executive compensation at state-funded not-for-profit and for-profit service providers.

The New York Stock Exchange is getting a glamorous visitor: Sean Connery, the Scottish actor who became famous playing James Bond, will be ringing the opening bell on May 17. He'll be joined by Louise Richardson, principal of the University of St Andrews, Scotland.

New York state voters approved 96.4 percent of school district budgets on May 15, according to a statement from the New York State School Boards Association (NYSSBA), a membership organization of public school boards.

The House approved H.R. 1864, the "Mobile Workforce State Income Tax Simplification Act," on May 15. The law would limit state taxation of the wages or other remuneration of any employee who performs duties in more than one state to the state of the employee’s residence, and the state in which the employee is present and performing employment duties for more than 30 days, according to the bill’s official summary.

An overwhelming number of New Yorkers want to see the New York state minimum wage raised from $7.25 to $8.50, according to a May 14 Siena Research Institute poll. Support crosses party and geographic lines.

Nancy R. Hernandez has been appointed Deputy Comptroller for Diversity Programs in the New York State Comptroller's Office, effective April 26. Previously, she was  a councilwoman and deputy supervisor for the Town of Colonie.

PCAOB Chair James R. Doty this week expressed optimism about ongoing efforts to open Chinese accounting firms to inspections from U.S.

In a May 9 announcement, New York State Comptroller Thomas P. DiNapoli touted the New York State Common Retirement Fund's In-State Private Equity Program. Through this initiative, the state partners with investment managers "who invest in companies in New York state and consistently deliver top-quartile returns," according to the program's website.

NYSSCPA members are used to seeing their names in top New York and national publications voicing insights on a variety of tax and accounting topics. But recently, CPAs broke new ground by getting into Women's Wear Daily, when that leading fashion publication printed an article about the May 1 NYSSCPA panel "Mergers and Acquisitions for the Fashion Industry."

The state Department of Taxation and Finance has published interest rates for refunds and for late payments and assessments for the quarter running from July 1 through Sept. 30.