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Comptroller DiNapoli and A.G. Schneiderman Announce Sentencing of Former Met Council Insurance Brokers
… Council on Jewish Poverty (“Met Council”), each have been sentenced to five years of probation and will each pay $1.5 million in … stole $1.5 million each from Met Council. To date, they have each paid back $1 million to Met Council. "This broad … Metropolitan Council on Jewish Poverty Met Council each have been sentenced to five years of probation and will each …
https://www.osc.ny.gov/press/releases/2015/02/comptroller-dinapoli-and-ag-schneiderman-announce-sentencing-former-met-council-insurance-brokersDiNapoli: Many SUNY Campus Foundations Operating Without Contracts or Proper Oversight
… operating without the contracts they are required to have with their campuses while overseeing and managing billions in … by SUNY in at least 10 years. "We found numerous problems with SUNY's oversight of its campus foundations. SUNY does … State-operated campuses are authorized to contract with foundations, which are private, not-for-profit …
https://www.osc.ny.gov/press/releases/2018/02/dinapoli-many-suny-campus-foundations-operating-without-contracts-or-proper-oversightDiNapoli Announces $2B Strategic Partnership With Goldman Sachs Asset Management For Global Equity Investments
… equities, fixed income, real estate and alternative instruments. …
https://www.osc.ny.gov/press/releases/2014/09/dinapoli-announces-2b-strategic-partnership-goldman-sachs-asset-management-global-equity-investmentsDiNapoli: Funds Dedicated for Highway & Bridge Capital Projects Continue to be Diverted for Operating and Debt Costs
… Money in the Dedicated Highway and Bridge Trust Fund continues to be diverted for non-capital purposes, leaving critical highway and bridge projects at increased risk as the state faces fiscal … Money in the Dedicated Highway and Bridge Trust Fund continues to be diverted for noncapital …
https://www.osc.ny.gov/press/releases/2014/02/dinapoli-funds-dedicated-highway-bridge-capital-projects-continue-be-diverted-operating-and-debtDiNapoli: MTA Capital Funding Gap May Exceed $12 Billion
… modernizing the regional transit system, but a great deal of work remains and financing these capital investments over … by New York State Comptroller Thomas DiNapoli. “Millions of New Yorkers rely on the MTA transit system and while it is … MTA has not restored the entire transit system to a state of good repair because it has not received all of the funding …
https://www.osc.ny.gov/press/releases/2014/07/dinapoli-mta-capital-funding-gap-may-exceed-12-billionDiNapoli: $10 Million Ponzi Scheme Unraveled Following Nassau County District Attorney Investigation
… Nassau County District Attorney Madeline Singas announced the arrest of a financial advisor from Pennsylvania and the re-arrest of his alleged collaborator, a financial … said State Comptroller Thomas P. DiNapoli. "I commend the work of District Attorney Singas, the Federal Bureau of …
https://www.osc.ny.gov/press/releases/2018/09/dinapoli-10-million-ponzi-scheme-unraveled-following-nassau-county-district-attorney-investigationDiNapoli: Oil Spill Fund Reaches New Agreements With St. Lawrence County
… and Spill Compensation Fund (Oil Spill Fund) and St. Lawrence County that will lead to the clean-up and … said DiNapoli. "Thanks to our ongoing partnership with St. Lawrence County, we are able to lend support to the … properties to beneficial use. "This collaboration between St. Lawrence County and the New York State Environmental and …
https://www.osc.ny.gov/press/releases/2018/08/dinapoli-oil-spill-fund-reaches-new-agreements-st-lawrence-countyDiNapoli: State Tax Collections Lagging Last Year by $1.2 Billion
… tax collections totaled $18.6 billion in the first quarter of the new fiscal year, $1.2 billion less than the same … year and personal income tax collections are falling short of what was expected," DiNapoli said. "Taxpayer anticipation of federal tax changes has contributed to the decline. …
https://www.osc.ny.gov/press/releases/2017/07/dinapoli-state-tax-collections-lagging-last-year-12-billionDiNapoli: School District Revenue Growth Slows
… New York’s school districts have faced major fluctuations in their federal and state aid … last three years, averaging only 1.3 percent, according to a report issued today by State Comptroller Thomas P. … for a way out,” said DiNapoli. “State and federal aid have noticeably slowed, local property tax revenues are …
https://www.osc.ny.gov/press/releases/2014/01/dinapoli-school-district-revenue-growth-slowsDiNapoli: State Contractor Failed to Pay Prevailing Wages
… A state Office of Mental Health (OMH) contractor hired to provide janitorial services failed to pay … the Shorefront Mental Health Board,” DiNapoli said. “This contractor unconscionably cheated disabled employees out of … wage rates. However, further investigation found the contractor was also paying employees for fewer hours than …
https://www.osc.ny.gov/press/releases/2014/10/dinapoli-state-contractor-failed-pay-prevailing-wagesState Pension Employer Contribution Rates Announced for 2020-21, Assumed Rate of Return Lowered
… the long-term assumed rate of return on investments from 7 percent to 6.8 percent, anticipating a lower return … rate for PFRS will increase by 0.9 percent, from 23.5 percent to 24.4 percent of payroll. NYSLRS is made up of … changed. In 2010, he decreased the rate from 8 percent to 7.5 percent, and in 2015 to 7 percent. The median assumed …
https://www.osc.ny.gov/press/releases/2019/08/state-pension-employer-contribution-rates-announced-2020-21-assumed-rate-return-loweredNYC Budget Is Balanced but Risks Are Growing
… The New York City Mayor’s preliminary executive budget for FY 2020 is balanced, but there are risks, including proposed drops in … City’s coffers,” DiNapoli said. “Still, there are risks on the horizon, and Mayor de Blasio’s efforts to find additional … The New York City Mayors preliminary executive budget for FY …
https://www.osc.ny.gov/press/releases/2019/03/nyc-budget-balanced-risks-are-growingPension Fund Makes Progress on Board Diversity
… Group Inc. 2015 eBay Inc. Garmin Ltd. Monster Beverage Corp. Standard Pacific Corp. Urban Outfitters 2014 NVR Inc. Meritage Homes 2013 Leucadia National Corp. QEP Resources Inc. Teradyne Inc. T-Mobile USA Inc. …
https://www.osc.ny.gov/press/releases/2017/03/pension-fund-makes-progress-board-diversityDiNapoli: Coney Island and Brighton Beach Jobs Doubled Over Last Decade
… Thomas P. DiNapoli released an economic snapshot today of Brooklyn’s Coney Island and Brighton Beach, where the amusement parks, boardwalk and “Little … decade may be less well known. “Coney Island and Brighton Beach have undergone robust economic growth led by rapid job …
https://www.osc.ny.gov/press/releases/2024/09/dinapoli-coney-island-and-brighton-beach-jobs-doubled-over-last-decadeHousing Trust Fund Corporation – Oversight of the Rural Rental Assistance Program
… To determine whether project owners are receiving Rural Rental Assistance Program (RRAP) payments only for eligible … the Housing Trust Fund Corporation (HTFC) is engaging in adequate outreach activities to make sure the program is … States Department of Agriculture (USDA). RRAP provides rental subsidies for low-income elderly and family tenants …
https://www.osc.ny.gov/state-agencies/audits/2024/12/20/housing-trust-fund-corporation-oversight-rural-rental-assistance-programDiNapoli: More School Districts Take Initial Steps to Exceed Tax Cap
… initially planning to override New York’s property tax cap in 2016-17 has nearly doubled when compared to last year, … indicated that they will seek an override of the tax cap. Last year, 3.5 percent, indicated plans to override the tax cap. Property tax levy growth for school districts is capped …
https://www.osc.ny.gov/press/releases/2016/03/dinapoli-more-school-districts-take-initial-steps-exceed-tax-capDiNapoli: State Tax Receipts Tracking Close to Projections Through First Half of the Year
… which was $2 billion, or 1.8%, higher than last year for the same period, primarily due to higher education costs. …
https://www.osc.ny.gov/press/releases/2024/10/dinapoli-state-tax-receipts-tracking-close-projections-through-first-half-yearDiNapoli: Improved Planning Needed for New York To Achieve Its Clean Energy Goals
… Authority (NYSERDA) have taken considerable steps in planning for New York State’s transition to renewable energy but must … monitoring and assessment of risks and challenges in the PSC’s efforts to help the state meet the Climate … Authority NYSERDA have taken considerable steps in planning for New York States transition to renewable …
https://www.osc.ny.gov/press/releases/2024/07/dinapoli-improved-planning-needed-new-york-achieve-its-clean-energy-goalsPhysical and Financial Conditions at Selected Mitchell-Lama Developments
… determine whether Mitchell-Lama developments supervised by the New York City Department of Housing Preservation and Development are being maintained … the health and safety of residents, and whether funds at these developments are being used for intended purposes. …
https://www.osc.ny.gov/state-agencies/audits/2024/09/30/physical-and-financial-conditions-selected-mitchell-lama-developmentsDiNapoli: Former Durhamville Fire Department Treasurer Sentenced to Prison for Theft of Over $92K
… checks meant for the department into her own bank account, spending the money on travel and spa treatments. … When the fire department noticed problems in its account it contacted the New York State Police. The ensuing …
https://www.osc.ny.gov/press/releases/2025/11/dinapoli-former-durhamville-fire-department-treasurer-sentenced-prison-theft-over-92k