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NYS 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 Releases Analysis of State Budget Financial and Capital Plans
… projects healthy growth in tax receipts and federal aid for the current fiscal year, but raises concerns about … Thomas P. DiNapoli. The $177 billion spending plan for SFY 2019-20 is up $6.2 billion from SFY 2018-19. “While … savings might be achieved. PIT receipts, which account for 64 percent of all taxes anticipated to be received this …
https://www.osc.ny.gov/press/releases/2019/07/dinapoli-releases-analysis-state-budget-financial-and-capital-plansDiNapoli: Special Education Contractor Convicted for $2 Million Fraud
… guilty to fraud charges earlier this year following a joint investigation by New York State Comptroller Thomas P. … guilty to fraud charges earlier this year following a joint investigation was sentenced today to 24 months …
https://www.osc.ny.gov/press/releases/2014/09/dinapoli-special-education-contractor-convicted-2-million-fraudDiNapoli Announces New Technology Investment Through Contour Venture Partners
… employment opportunities are proof that the program is a win for the Fund and a win for companies in communities around the state.” "This … For more information, visit: http://www.contourventures.com/ … Bounce Exchange a New York Citybased technology …
https://www.osc.ny.gov/press/releases/2014/01/dinapoli-announces-new-technology-investment-through-contour-venture-partnersAudit of ESDC Finds Few Measurable Results for $211 Million State Advertising Contract
… (ESDC) spent $211 million on an advertising contract to promote economic development and tourism in New York state with no tangible results, according to an audit released today by State Comptroller Thomas P. … government spends hundreds of millions of taxpayer dollars to send a message that New York is a place to visit and open …
https://www.osc.ny.gov/press/releases/2015/05/audit-esdc-finds-few-measurable-results-211-million-state-advertising-contractDiNapoli Releases July State Cash Report
… to year increase was primarily due to federal receipts (up $1.3 billion or 7.9 percent), miscellaneous receipts (up $488.3 million or 6.6 percent) and business tax receipts (up $245.9 million or 13.5 percent), and was partially offset …
https://www.osc.ny.gov/press/releases/2017/08/dinapoli-releases-july-state-cash-reportDiNapoli: State Tax Receipts Higher Than Updated Projections Through the First Half of the Year
… $51.5 billion through the first six months of State Fiscal Year (SFY) 2023-24, $1.7 billion higher than estimates … “The economy exhibited resilience in the first half of the year,” DiNapoli said. “Continued job gains, wage growth, and …
https://www.osc.ny.gov/press/releases/2023/10/dinapoli-state-tax-receipts-higher-updated-projections-through-first-half-yearDiNapoli: Public Authority Debt Ballooned to $329 Billion
… on their finances and operations. However, as my audits have shown, New York’s public authorities must do more to improve their transparency and accountability to … authorities. Public authorities generally are not subject to many of the oversight and transparency …
https://www.osc.ny.gov/press/releases/2022/12/dinapoli-public-authority-debt-ballooned-329-billionAllocation, Billing, and Collection of Expenses of Administering the Motor Vehicle Financial Security Act and the Motor Vehicle Safety Responsibility Act (Follow-Up)
… to its practice of not adjusting its billing to account for amended premiums reported by insurance carriers. The Department also lacked a method for carrying prior period balances forward to subsequent …
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)
… District purposes and audited and approved prior to payment. Key Findings The Board did not ensure there were … no prohibited conflicts of interest and allowed claims to be paid prior to audit and approval. The Board did not adopt a code of …
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
… the operating costs for state agencies, according to a report by New York State Comptroller Thomas P. DiNapoli. … SFY 2020-21 from $665 million to $594 million, a decrease of nearly 11%. In SFY 2020-21, only 17 cents of every dollar … projects at risk because these transfers are made on an annual basis and can be unpredictable based on changing …
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 … billion in 2020. The 2020 bonus pool itself reflected 25% growth over the previous year, an increase that was … sector will increase by 16.2% in SFY 2022, ending March 31. Because the city’s securities industry makes up …
https://www.osc.ny.gov/press/releases/2022/03/nys-comptroller-dinapoli-wall-streets-2021-bonuses-set-new-recordXI.4 Overview – XI. Procurement and Contract Management
… as service agreements that support the mission of an agency by ensuring that critical services are provided. … has been enacted to facilitate timely review and approval of these agreements, including delineation of requirements for the assessment, suspension or waiver of …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xi/xi4-overviewXI-A.8 Payment Tolerances – XI-A. Purchasing
… (tolerances) in the Statewide Financial System (SFS) for preferred source, centralized contract, and discretionary … required Business Unit staff to create a change order for the PO to correct the voucher match exception. As a … in SFS without having to process as many PO change orders for variances that result in small dollar match exceptions. …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xia/xi-a8-payment-tolerancesOpinion 94-2
… Regulations (exemption from meter fees for city officials) VEHICLE AND TRAFFIC LAW, §§1200, 1600, 1604, 1640: In the … rule or regulation requiring from any owner of a motor vehicle, or from any operator or chauffeur to whom this … are hereby superseded to the extent inconsistent. March 18, 1994 William M. Kavanaugh, Esq., Corporation Counsel City …
https://www.osc.ny.gov/legal-opinions/opinion-94-2Opinion 88-64
… or statutory amendments that bear on the issues discussed in the opinion. PUBLIC HOUSING AUTHORITIES -- Officers and … to its employees by participating in a self-insured plan operated jointly by the city for which the authority was … to its employees by participating in a selfinsured plan operated jointly by the city …
https://www.osc.ny.gov/legal-opinions/opinion-88-64Opinion 90-15
… law, should be commensurate with the duties of the office. You ask whether a town board of a town which has established … town offices; also see Public Officers Law, §9, which does not authorize the creation of deputy positions, but does … the newly created position of deputy police commissioner do not include acting in the stead of the commissioner, a …
https://www.osc.ny.gov/legal-opinions/opinion-90-15Huntington Man Pleads Guilty to Grand Larceny
… former employee of the Town of Huntington, pleaded guilty to Grand Larceny in the Fourth Degree for stealing more than … 2021. “Mr. Johnson callously exploited his mother’s death to line his own pockets,” said State Comptroller DiNapoli . … Johnson to pay restitution in the amount of $56,411. He is due back in court on Dec. 10, 2024. … New York State …
https://www.osc.ny.gov/press/releases/2024/09/huntington-man-pleads-guilty-grand-larcenyAdministration of the CityFHEPS Program for Department of Homeless Services Shelter Residents
… the Welfare Management System, the system of record for various social services programs in New York. For example, data shared between the two systems helps identify households who are potentially eligible for CityFHEPS. Households who are identified from the match …
https://www.osc.ny.gov/state-agencies/audits/2024/10/30/administration-cityfheps-program-department-homeless-services-shelter-residentsDiNapoli Report Highlights Where New Yorkers Work
… and some regions are still struggling. This report focuses on how employment has changed across the state, and provides …
https://www.osc.ny.gov/press/releases/2024/10/dinapoli-report-highlights-where-new-yorkers-work