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DiNapoli: NYC Office Jobs and Space Growing Amid Record Economic Expansion
… The demand for office space has lowered the vacancy rate in Manhattan from 12.8 percent at the end of the recession (2009) to 9.7 percent in 2015. The vacancy rate edged up to 10.1 percent in 2016 as new space came on the market at a faster rate than it could be leased. Rental rates have risen …
https://www.osc.ny.gov/press/releases/2017/02/dinapoli-nyc-office-jobs-and-space-growing-amid-record-economic-expansionOversight of Sidewalk Sheds (Follow-Up)
… of more than 1 million buildings and construction sites in NYC. This includes enforcing provisions of the NYC Administrative and Building Codes, the Rules of the City of New York, and NYC Local Laws in order to promote the safety of all people …
https://www.osc.ny.gov/state-agencies/audits/2023/07/06/oversight-sidewalk-sheds-followDiNapoli: NYC Office Market Will Take Years to Recover From Pandemic
… The COVID-19 pandemic wiped out years of growth in New York City’s office sector, erasing nearly $28.6 billion in … options, according to a report released today by State Comptroller Thomas P. DiNapoli. “Midtown and the …
https://www.osc.ny.gov/press/releases/2021/10/dinapoli-nyc-office-market-will-take-years-recover-pandemicEfficiency of Warehouse Space
… during our audit scope and a reduction of 434,266 square feet. However, we also found: We could not determine the …
https://www.osc.ny.gov/state-agencies/audits/2020/01/03/efficiency-warehouse-spaceEfficiency of Warehouse Space (Follow-Up)
… OGS had reduced leased warehouse space by 434,266 square feet and realized a cost savings of $1,699,020; however, OGS …
https://www.osc.ny.gov/state-agencies/audits/2022/05/25/efficiency-warehouse-space-followWyoming County Industrial Development Agency – Project Management (2015M-62)
… Purpose of Audit The purpose of our audit was to review the IDA’s process for evaluating, approving and … approximately $873 million. Key Findings WCIDA did not adequately evaluate, approve or monitor projects, and did … fees; did not consistently follow criteria established in the Uniform Tax Exemption Policy (UTEP); and did not …
https://www.osc.ny.gov/local-government/audits/industrial-development-agency/2015/09/11/wyoming-county-industrial-development-agency-projectCompliance With Executive Order 88 – Energy Efficiency in State Buildings
… installing more meters than required. In addition, a major design change was made after the contract was awarded, …
https://www.osc.ny.gov/state-agencies/audits/2020/01/30/compliance-executive-order-88-energy-efficiency-state-buildingsDiNapoli: NYC Dept. of Buildings Is Not Doing Enough to Improve Construction Site Safety
… The New York City Department of Buildings (DOB) is not doing enough … DiNapoli . The audit found DOB needs to be more aggressive in its oversight, inspections and use of enforcement powers … immediate hazards because DOB does not officially define how quickly these hazards have to be corrected. City rules …
https://www.osc.ny.gov/press/releases/2022/09/dinapoli-nyc-dept-buildings-not-doing-enough-improve-construction-site-safetyDiNapoli Releases Annual IDA Report
… Development Agencies (IDAs) reported $784 million in net tax exemptions in 2018, up 4.4 percent from 2017, according … get back on their feet, with careful review of the tax breaks they offer and the impact on local government … active IDAs provided approximately $1.5 billion in total tax exemptions in 2018 and reported 4,289 active projects …
https://www.osc.ny.gov/press/releases/2020/07/dinapoli-releases-annual-ida-reportCompliance With Executive Order 88 – Energy Efficiency of State Buildings (Follow-Up)
… associated with approximately 14.5 million square feet of OGS-owned office space in the Capital Region. OGS is …
https://www.osc.ny.gov/state-agencies/audits/2020/10/15/compliance-executive-order-88-energy-efficiency-state-buildings-followDiNapoli: Jackson Heights Economy Energized By Immigrants and Small Businesses
… economy, according to a report released today by New York State Comptroller Thomas P. DiNapoli. “Jackson Heights’ … and economically,” said Alexandria Ocasio-Cortez (D-NY) . “We must continue to invest in ourselves — our housing, … percent. Read the report , or go to: https://osc.state.ny.us/osdc/rpt8-2020.pdf The report is also available in the …
https://www.osc.ny.gov/press/releases/2019/10/dinapoli-jackson-heights-economy-energized-immigrants-and-small-businessesDiNapoli: Homeless Families, Adults Living in Squalid Shelters Due to Oversight Failure
… found at www.osc.state.ny.us/audits/allaudits/093016/15s23.pdf … A state agencys failure to adequately monitor and …
https://www.osc.ny.gov/press/releases/2016/02/dinapoli-homeless-families-adults-living-squalid-shelters-due-oversight-failureDiNapoli: NYC Health + Hospitals Struggles With Temporary Staffing Costs
… a public health system struggling to get fully back on its feet after the stress of the pandemic,” DiNapoli said. …
https://www.osc.ny.gov/press/releases/2023/05/dinapoli-nyc-health-hospitals-struggles-temporary-staffing-costsSelected Aspects of Leasing Practices for Real Estate Department, Aviation, World Trade Center, and Leasing of Properties
… of over 12,000 acres of land and 45 million square feet of office, industrial, retail, and technical space, and …
https://www.osc.ny.gov/state-agencies/audits/2021/05/04/selected-aspects-leasing-practices-real-estate-department-aviation-world-trade-center-andEnvironment, Energy and Agriculture – 2021 Financial Condition Report
… Emissions Trend report showed estimated total emissions in New York from certain criteria pollutants covered by the … projects, including those projects authorized by the New York State Water Infrastructure Improvement and Clean … of harmful algal blooms (HAB) on 184 bodies of water in New York State, a decrease of four from the prior year. HABs …
https://www.osc.ny.gov/reports/finance/2021-fcr/environment-energy-and-agricultureReal Property Dispositions
… New York and New Jersey (Port Authority) was established in 1921 with a wide-ranging mission that includes the … region’s people, businesses and visitors by providing the highest-quality and most-efficient transportation and port … within the region, provide access to the nation and the world, and promote the region’s economic development.” The …
https://www.osc.ny.gov/state-agencies/audits/2017/07/28/real-property-dispositionsDiNapoli: Wall Street Bonus Pool Reaches Record High of $47.5 Billion in 2024
… The average bonus paid to employees in New York City’s securities industry for 2024 reached … reached its highest annual level in at least three decades with 201,500 employees, up from 198,400 the year prior and … in City Fiscal Year (FY) 2024. DiNapoli estimates the 2024 bonuses will generate $600 million more in state income tax …
https://www.osc.ny.gov/press/releases/2025/03/dinapoli-wall-street-bonus-pool-reaches-record-high-475-billion-2024DiNapoli Releases Economic Report on Greater Flushing Area
… the city, driven by small businesses with fewer than five employees. Among the pre-pandemic highlights: From 2000 to … grew 81.8% to 9,250, faster than Queens (44%) or NYC (29.6%). In 2019, 87.4% were microbusinesses with fewer … in Queens (32.4%) or NYC (28.1%). Jobs grew, but wages only rose 46% since 2010 — a lower rate than Queens (79.1%) …
https://www.osc.ny.gov/press/releases/2021/12/dinapoli-releases-economic-report-greater-flushing-areaDiNapoli: OTDA Needs to Improve Oversight of Services Provided to Those in Homeless Shelters
… to help this vulnerable population get back on their feet.” Homeless shelters across the state provide various …
https://www.osc.ny.gov/press/releases/2023/08/dinapoli-otda-needs-improve-oversight-services-provided-those-homeless-sheltersState Comptroller DiNapoli Releases Audits
… publicly owned sewer systems that were not registered with a state alert program and were not reporting overflow events. … facilities or verified whether events were reported in a timely manner. In a follow up, auditors found DEC made … square feet and realized a cost savings of $1,699,020 from Jan. 1, 2014 through March 29, 2019 as part of the …
https://www.osc.ny.gov/press/releases/2022/06/state-comptroller-dinapoli-releases-audits