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Administration of the CityFHEPS Program for Department of Homeless Services Shelter Residents
… Objective To determine whether the New York City Department of Social Services is administering the City Fighting … to the rules and regulations, thereby assisting Department of Homeless Services shelter residents in securing permanent … Program New York City has long been plagued by a shortage of affordable housing and a homelessness crisis. In October …
https://www.osc.ny.gov/state-agencies/audits/2024/10/30/administration-cityfheps-program-department-homeless-services-shelter-residentsAllocation, Billing, and Collection of Expenses of Administering the Motor Vehicle Financial Security Act and the Motor Vehicle Safety Responsibility Act (Follow-Up)
… to the Acts fall into three program areas: the Dedicated Bridge and Highway Safety Program, the Compulsory Insurance … the Department was appropriately allocating, billing, and collecting the expenses of administering the Acts. We found … the Department was appropriately allocating, billing, and collecting nearly all expenses related to administering the …
https://www.osc.ny.gov/state-agencies/audits/2021/05/27/allocation-billing-and-collection-expenses-administering-motor-vehicle-financial-securityGrand Gorge Fire District – Conflict of Interest and Claims Auditing (2020M-151)
… report - pdf ] Audit Objective Determine whether the Grand Gorge Fire District’s (District) Board of Fire … Determine whether the Grand Gorge Fire Districts District Board of Fire …
https://www.osc.ny.gov/local-government/audits/fire-district/2021/04/01/grand-gorge-fire-district-conflict-interest-and-claims-auditing-2020m-151DiNapoli: Money Earmarked for Highway and Bridge Infrastructure Siphoned Off
… shows the problems have gotten worse. DHBTF spending for capital projects declined between state fiscal year (SFY) … 17 cents of every dollar spent from DHBTF supported a new capital investment. “New York is at a crossroads. Far too … on operational costs. There are four major sources of revenue in the DHBTF: taxes and fees, bond proceeds, …
https://www.osc.ny.gov/press/releases/2022/01/dinapoli-money-earmarked-highway-and-bridge-infrastructure-siphoned-offNYS Comptroller DiNapoli: Wall Street’s 2021 Bonuses Set a New Record
… to employees in New York City’s securities industry for 2021 grew to $257,500, a 20% jump over the previous year’s record high, according to annual estimates released today by New York State Comptroller … Street’s soaring profits continued to beat expectations in 2021 and drove record bonuses,” DiNapoli said. “But recent …
https://www.osc.ny.gov/press/releases/2022/03/nys-comptroller-dinapoli-wall-streets-2021-bonuses-set-new-recordDiNapoli: Public Authority Debt Ballooned to $329 Billion
… 32,103 active competitive and non-competitive contracts worth $111.8 billion. Of these, nearly 16% were awarded … Summary Financial Information (from the statement of net assets and the statement of revenues, expenses, and change in net assets) and Debt (public authorities’ debt outstanding, …
https://www.osc.ny.gov/press/releases/2022/12/dinapoli-public-authority-debt-ballooned-329-billionDiNapoli Report Highlights Where New Yorkers Work
… 2019 levels. Only New York City, Long Island, and the Hudson Valley had employment above 2019 levels in August 2024. Three … three downstate regions (New York City, Long Island, and Hudson Valley) in 2023, the concentration of industries …
https://www.osc.ny.gov/press/releases/2024/10/dinapoli-report-highlights-where-new-yorkers-workDiNapoli: State Tax Receipts Higher Than Updated Projections Through the First Half of the Year
… released in the Division of the Budget’s (DOB) July Update to the Enacted Budget Financial Plan. However, tax receipts … lower than the first half of SFY 2022-23, according to the monthly State Cash Report released today by New York … growth, and easing inflation were all contributing factors to higher-than-expected tax receipts. However, global unrest, …
https://www.osc.ny.gov/press/releases/2023/10/dinapoli-state-tax-receipts-higher-updated-projections-through-first-half-yearNYS Common Retirement Fund Announces Third Quarter Results
… The New York State Common Retirement Fund’s overall return in the third quarter of the Fund’s 2015-2016 fiscal year was … of its third quarter. “The Fund experienced some recovery in the third quarter as markets continued to challenge … long term investor, however, the Fund measures its success in years and decades, not months. We’re focused on prudent …
https://www.osc.ny.gov/press/releases/2016/02/nys-common-retirement-fund-announces-third-quarter-resultsDiNapoli Announces New Technology Investment Through Contour Venture Partners
… activity, received venture funding through Contour Venture Partners, an investment partner of the New York State Common … Common Retirement Fund has partnered with Contour Venture Partners for a total of twenty investments through the … New York State Common Retirement Fund and Contour Venture Partners provides us exceptional flexibility to grow the …
https://www.osc.ny.gov/press/releases/2014/01/dinapoli-announces-new-technology-investment-through-contour-venture-partnersDiNapoli: Timely Remediation Essential for Success of State's Brownfield Cleanup Program
… cleanup program, the Inactive Hazardous Waste Disposal Site Program, or Superfund, which was created to address the … risk contaminated sites. Timelines for cleanup of a BCP site can vary depending on the severity of the contamination. … exposures to people who may live or work near the site. DiNapoli’s auditors found that DEC did not have …
https://www.osc.ny.gov/press/releases/2025/06/dinapoli-timely-remediation-essential-success-states-brownfield-cleanup-programNYS Common Retirement Fund Announces First Quarter Results
… State Common Retirement Fund's (Fund) overall estimated value in the first quarter of the State Fiscal Year 2018-2019 … even when markets are uncertain." The Fund's estimated value reflects benefits of $2.8 billion paid out during the first quarter. The Fund's audited value as of the March 31, 2018 end of fiscal year 2017-2018 …
https://www.osc.ny.gov/press/releases/2018/08/nys-common-retirement-fund-announces-first-quarter-resultsDiNapoli Releases Analysis of Federal Funding for New York City
… New York City’s proposed Fiscal Year (FY) 2026 operating budget relies on $7.4 billion in federal … at least $535 million of federal aid in FY 2025 and FY 2026, but notes that nearly all federal operating aid that … to nearly $400 million in FY 2025 and $135 million in FY 2026. However, this only considers budgeted amounts as of the …
https://www.osc.ny.gov/press/releases/2025/04/dinapoli-releases-analysis-federal-funding-new-york-cityDiNapoli: State Tax Receipts Outpaced Projections Through December
… (SFY) 2024-25, $1.2 billion higher than estimates released in the Division of the Budget’s (DOB) Mid-Year Update to the … December,” DiNapoli said. “However, recent volatility in the markets and persistent inflation are cause for concern. In addition, the direction of federal tax policy under the …
https://www.osc.ny.gov/press/releases/2025/01/dinapoli-state-tax-receipts-outpaced-projections-through-decemberDiNapoli Audit: Drivers for Disabled New Yorkers Drove with Suspended Licenses; Racked up Hundreds of Violations, Including Speeding Through School Zones
… clients in NYC drive safely and have valid driver's licenses, according to an audit released today by New York … more needs to be done to ensure the safety of the agency's disabled clients," DiNapoli said. "The disregard for safe driving is troubling, both for the clients and the general …
https://www.osc.ny.gov/press/releases/2018/10/dinapoli-audit-drivers-disabled-new-yorkers-drove-suspended-licenses-racked-hundreds-violationsDiNapoli: NYC Remains on Solid Ground but Budget Risks Need to be Managed
… state education aid to New York City by $248 million in FY 2019, but this is less than assumed in the city’s February … in prior years that are scheduled to take effect in FY 2019. State actions could increase the city’s costs by a net of $502 million in FY 2019. The proposed state budget also includes proposals …
https://www.osc.ny.gov/press/releases/2018/03/dinapoli-nyc-remains-solid-ground-budget-risks-need-be-managedDiNapoli Announces $114 Million of G.O. Bonds Awarded
… Obligation Bond sale . The Series 2019A Bonds are rated AA+ by S&P Global Ratings, Aa1 by Moody’s Investors Service Inc. and AA+ by Fitch Ratings. …
https://www.osc.ny.gov/press/releases/2019/03/dinapoli-announces-114-million-go-bonds-awardedOpinion 91-15
… PLANNING -- Park Lands (authority of newly incorporated village to assess park land fee upon subdivision plat already so assessed by town) TOWN LAW, §277(1); VILLAGE LAW, §7-730(1): When a town has approved a … and the area then becomes part of a newly incorporated village before development of the plat is completed, the …
https://www.osc.ny.gov/legal-opinions/opinion-91-15Opinion 90-57
… that bear on the issues discussed in the opinion. FIRE DISTRICTS -- Powers and Duties (need for referendum on contract to receive fire protection from village with service award program) FIRE PROTECTION AND PREVENTION -- Contracts (cost of service … award program for the volunteer firefighters of a village fire department is subject to mandatory referendum in one or …
https://www.osc.ny.gov/legal-opinions/opinion-90-57Opinion 92-48
… establish a mandatory reserve fund if the proceeds of the sale of the improvement are used to pay or provide for the … districts and school districts in connection with the cash sale of capital improvements financed by obligations which are outstanding at the time of the sale. Prior to the enactment of chapter 413 of the Laws of …
https://www.osc.ny.gov/legal-opinions/opinion-92-48