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NYS Common Retirement Fund Reports First Quarter Results
… State Common Retirement Fund’s (Fund) estimated return in the first quarter of the State Fiscal Year (SFY) 2020-21 … Thomas P. DiNapoli. “One of the strongest rebounds in modern history lifted the Fund’s value well above what it … 30, 2020, the Fund had 53.0 percent of its assets invested in publicly traded equities. The remaining Fund assets by …
https://www.osc.ny.gov/press/releases/2020/08/nys-common-retirement-fund-reports-first-quarter-resultsDiNapoli: As Drug Overdoses Climbed the State Failed to Inspect Residential Drug Treatment Programs
… New Yorkers in residential drug treatment programs have been poorly … Thomas P. DiNapoli. “The COVID pandemic wreaked havoc in the lives of many New Yorkers, including those vulnerable … and providing the best care possible to all New Yorkers in need of their help.” In a letter to the federal Department …
https://www.osc.ny.gov/press/releases/2021/12/dinapoli-drug-overdoses-climbed-state-failed-inspect-residential-drug-treatment-programsDiNapoli: Chipotle Needs to Address Concerns Over Racial Equity and Inclusion
… (Fund) to fellow Chipotle Mexican Grill Inc. shareholders in advance of the company’s annual meeting on May 18 seeking … have an independent review led by auditors with experience in rooting out discrimination. Failure to assess the risks … they would be conducting such audits. DiNapoli noted: In April 2020, the U.S. Court of Appeals allowed a collective …
https://www.osc.ny.gov/press/releases/2022/05/dinapoli-chipotle-needs-address-concerns-over-racial-equity-and-inclusionDiNapoli: NYC Emergency Management Failing to Ensure the City is Prepared for Disasters
… killing dozens of people and causing billions of dollars in damage, the city needs to be better prepared for another … DiNapoli has engaged with a focus on resiliency planning in New York City. “It is not a matter of if, but when, … said Assemblymember Khaleel M. Anderson (31 st Dist.). “In the decade since Sandy, it seems the city has fallen on …
https://www.osc.ny.gov/press/releases/2022/10/dinapoli-nyc-emergency-management-failing-ensure-city-prepared-disastersDiNapoli: Unsafe Conditions, Questionable Spending Found at Affordable NYC Housing Complexes
… Here Unsafe conditions and over $1 million dollars in questionable spending at three affordable housing … infestations among other unsafe conditions at developments in Manhattan, Queens and on Staten Island. “Every New Yorker … housing,” DiNapoli said. “The conditions identified in this audit are unacceptable. The city needs to do a much …
https://www.osc.ny.gov/press/releases/2024/10/dinapoli-unsafe-conditions-questionable-spending-found-affordable-nyc-housing-complexesDiNapoli: State Pension Fund Value $194.3 Billion
… Fund (Fund) had a -2.68 percent return on investments in the state fiscal year (SFY) that ended on March 31, 2020, … its fiscal year during the early outbreak of the pandemic in the United States with a value of $194.3 billion. Globally, assets swiftly recovered in the second quarter of 2020. “Despite very solid returns …
https://www.osc.ny.gov/press/releases/2020/07/dinapoli-state-pension-fund-value-1943-billionDiNapoli: SED Oversight of Career Training Programs Falling Short
… are often failing to ready students for jobs that are in demand, are fast-growing, or pay higher wages, according … supposed to teach students the skills needed to succeed in future jobs by providing hands-on learning in high school,” DiNapoli said. “Unfortunately, these …
https://www.osc.ny.gov/press/releases/2020/12/dinapoli-sed-oversight-career-training-programs-falling-shortDiNapoli: State's Fiscal Picture Has Improved, but Impact of Pandemic Revenue Losses Will Linger
… prospect of significant aid from the federal government, in his review of the Executive Budget for State Fiscal Year … “One year after the first case of COVID-19 was confirmed in New York, we continue to suffer unimaginable losses. Too … released a preliminary analysis of the Executive Budget in January. His full analysis of the Executive Budget …
https://www.osc.ny.gov/press/releases/2021/03/dinapoli-states-fiscal-picture-has-improved-impact-pandemic-revenue-losses-will-lingerDiNapoli: Thousands of Young Children With Disabilities Not Receiving Early Intervention Services
… young children did not receive services or faced delays in care. The audit recommended the New York State Department … delays, and the need for more special education services in the future,” DiNapoli said. “The Department of Health … program but were not evaluated or why they faced delays in care. Officials in 10 municipalities told auditors that …
https://www.osc.ny.gov/press/releases/2023/02/dinapoli-thousands-young-children-disabilities-not-receiving-early-intervention-servicesDiNapoli: Federal Funding Uncertainty Jeopardizes Impact of Inflation Reduction Act for New Yorkers
… Reduction Act (IRA), including close to $2 billion in funds for environmental and energy purposes that could … issued by President Trump. “The possible policy changes in Washington could lead to delays or cuts to the remaining … tax credits,” DiNapoli said. “Given the strong interest in improving affordability for consumers, small businesses, …
https://www.osc.ny.gov/press/releases/2025/03/dinapoli-federal-funding-uncertainty-jeopardizes-impact-inflation-reduction-act-new-yorkersDiNapoli: State Must Improve Management of Medical Equipment Stockpile After Spending Millions During the COVID-19 Pandemic
… ventilators and x-ray machines, that now sits unused in storage facilities across the state, missing recommended … from the 247,343 DME purchased during COVID-19. DME now in storage includes CPAP/BiPAP machines, ventilators, oxygen … oximeters (which measure the saturation of oxygen carried in red blood cells), oxygen concentrators, and infusion …
https://www.osc.ny.gov/press/releases/2025/04/dinapoli-state-must-improve-management-medical-equipment-stockpile-after-spending-millions-duringDiNapoli Releases Report on State Spending to Implement Raise the Age Law
… the provisions of the “Raise the Age” (RTA) law enacted in 2017, with $658.8 million disbursed so far, according to a … as an adult from 16- to 18-years-old. The law was phased in over two years. As a result, most 16- and 17-year-old … offenders are now adjudicated through procedures in family court, rather than the adult criminal justice …
https://www.osc.ny.gov/press/releases/2025/05/dinapoli-releases-report-state-spending-implement-raise-age-lawDiNapoli: SFY 2022-23 Tax Collections Outperform Projections; Fall Below Previous Year
… the forecast released by the Division of the Budget (DOB) in the Amended Executive Budget financial plan at the … The year over year decline was primarily due to a decline in Personal Income Tax (PIT) receipts resulting from a variety of factors including: a decline in year-end bonuses in the financial services industry, …
https://www.osc.ny.gov/press/releases/2023/04/dinapoli-sfy-2022-23-tax-collections-outperform-projections-fall-below-previous-yearDiNapoli: Problems Caused by Outdated System Left State's Unemployment Insurance Program Vulnerable to Fraud
… ultimately contributed to an estimated billions of dollars in improper payments during the COVID-19 pandemic, according … was out of date, nor did it address issues identified in a 2015 State Comptroller’s audit. The system lacked the … requirements, contributed to a dramatic increase in UI claims. Even before the pandemic, the U.S. DOL reported …
https://www.osc.ny.gov/press/releases/2022/11/dinapoli-problems-caused-outdated-system-left-states-unemployment-insurance-program-vulnerable-fraudDiNapoli: Number of New Yorkers Going Hungry Increases Despite Improving Economy
… Food insecurity is increasing in New York, with one-in-nine households (11.3% or 875,000 families) unable to get … Thomas P. DiNapoli. A report released last year found one-in-10 New York households (800,000 families) experienced food … Food insecurity is increasing in New York with oneinnine households 113 or 875000 families …
https://www.osc.ny.gov/press/releases/2024/05/dinapoli-number-new-yorkers-going-hungry-increases-despite-improving-economyOversight of the Practice of Funeral Directing
… effectively overseeing the practice of funeral directing in accordance with relevant law and regulation and if the New … practice of funeral directing, undertaking, and embalming in New York State. The Law defines funeral directing as the … funeral services, transportation, and burial or cremation. In New York State, only a licensed and registered funeral …
https://www.osc.ny.gov/state-agencies/audits/2025/11/26/oversight-practice-funeral-directingHousing Trust Fund Corporation: Internal Controls and Maximization of Federal Funding for CDBG and HOME (Follow-Up) (2023-F-42)
To determine the extent of implementation of the recommendation included in our initial audit report, Housing Trust Fund Corporation: Internal Controls Over and Maximization of Federal Funding for Community Development Block Grant & HOME Investment Partnerships Programs (Report 2021-S-10).
https://www.osc.ny.gov/files/state-agencies/audits/pdf/sga-2024-23f42.pdfFederal funds to New York City: National School Lunch, Breakfast Programs
The National School Lunch Program (NSLP) (Assistance Listing Number 10.555) and the School Breakfast Program (SBP) (Assistance Living Number 10.553) provide low-cost or free breakfast and lunch to students in public and non-profit private schools across the United States.
https://www.osc.ny.gov/files/reports/pdf/federal-funds-to-nyc-national-school-lunch-breakfast-programs.pdfAdministration of the CityFHEPS Program for Department of Homeless Services Shelter Residents (2023-N-1)
To determine whether the New York City Department of Social Services is administering the City Fighting Homelessness and Eviction Prevention Supplement (CityFHEPS) program according to the rules and regulations, thereby assisting Department of Homeless Services shelter residents in securing ...
https://www.osc.ny.gov/files/state-agencies/audits/pdf/sga-2025-23n1.pdfManagement of Capital Projects (2018-S-70) 180-Day Response
To determine whether Metropolitan Transportation Authority’s Long Island Rail Road (LIRR) has a formal capital project management process that its employees and contractors/consultants are required to follow; and whether LIRR followed the capital project management process and was successful in ...
https://www.osc.ny.gov/files/state-agencies/audits/pdf/sga-2021-18s70-response.pdf