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DiNapoli: NYC's Property Tax Bills Rise Along With Burden on Working- and Middle-Class Homeowners
… five-year caps that differ based on property type. As a result of these caps, a decline in market value on … the median tax bill increased by 5.8% from fiscal years 2021 to 2023. For rentals, tax bills grew 9.6% in the same period, despite a market value decline of …
https://www.osc.ny.gov/press/releases/2023/09/dinapoli-nycs-property-tax-bills-rise-along-burden-working-and-middle-class-homeownersStatewide Compliance With Administrative Requirements for Retail Liquor License Approvals, Renewals, and Enforcement Actions
… Purpose To determine whether the New York State Liquor Authority (Authority) appropriately approved new and renewed licenses in accordance with the State’s …
https://www.osc.ny.gov/state-agencies/audits/2017/06/21/statewide-compliance-administrative-requirements-retail-liquor-license-approvals-renewalsState Comptroller DiNapoli Releases Municipal Audits
… and does not provide specific guidelines on how the membership should exercise its decision-making power. As a … Cards (Suffolk County) The board has adopted a credit card policy, but it did not establish written policies and procedures for gasoline credit card use and monitoring. As a result, accountability over …
https://www.osc.ny.gov/press/releases/2017/04/state-comptroller-dinapoli-releases-municipal-auditsComptroller DiNapoli Releases Municipal Audits
… , Nanticoke Volunteer Fire Department and Oswego County . “In today’s fiscal climate, budget transparency and … a potential revenue shortfall of approximately $15,000 in the first year of operation. Town of Busti – Taxpayer … did not properly budget or allocate approximately $135,000 in highway equipment purchases between the town-wide and …
https://www.osc.ny.gov/press/releases/2016/03/comptroller-dinapoli-releases-municipal-audits-1New York’s Economy and Finances in the COVID-19 Era
… the historic loss of 1.9 million jobs in March and April, with a limited employment rebound in May and June. While … the prior year’s second quarter. Other New York industries with large declines in wages included construction, retail … and recreation sector (see nearby table). In three sectors with comparatively higher compensation—finance and insurance, …
https://www.osc.ny.gov/reports/covid-19-december-16-2020Opinion 92-1
… (3) Certificates of participation ("COPs") in connection with installment purchase contracts entered into by political … to the municipality, or the obligations, together with an assignment in blank, should be delivered to the … the responsibility of municipal officials in connection with withdrawal of amounts retained from payments to …
https://www.osc.ny.gov/legal-opinions/opinion-92-1Selected Controls Over the Property Tax Assessment Process (Follow-Up)
… New York City Department of Finance (DOF) is responsible for assessing all real property throughout the City – … properties every five years. There are four tax classes for property in New York City: Class 1 covers one- to … uses the Computer-Assisted Mass Appraisal system (CAMA) for property tax valuations. Assessors determine parcel …
https://www.osc.ny.gov/state-agencies/audits/2020/01/06/selected-controls-over-property-tax-assessment-process-followDiNapoli: NYC Office Jobs and Space Growing Amid Record Economic Expansion
… in New York City reached a record of 1.5 million in 2016 with office space reaching 550 million square feet amid the … 2001, 38 million square feet of space have been added with more than half added in the past five years alone, … in New York City reached a record of 15 million in 2016 with office space reaching 550 million square feet amid the …
https://www.osc.ny.gov/press/releases/2017/02/dinapoli-nyc-office-jobs-and-space-growing-amid-record-economic-expansionState Contract and Payment Actions in November
… on these contracts and payments is available at Open Book New York . Major Contracts Approved Department of … Group Corp. for building reconstruction work at the New York Psychiatric Institute in New York County. $2.9 … gaming revenue distributions for the del Lago Resort and Casino, Rivers Casino and Resort, Tioga Downs Casino, and …
https://www.osc.ny.gov/press/releases/2025/01/state-contract-and-payment-actions-novemberDiNapoli: MWBE Participation in the State’s Pension Fund Rose to All-Time High in State Fiscal Year 2020-21
… we have built new opportunities for asset management with Emerging Managers and Minority- and Women-Owned Business … $700 million. The Fund makes a portion of its investments with MWBE firms through its Emerging Manager program, which … main portfolio. The program leverages the Fund’s resources with the help of 11 program partners and currently works with …
https://www.osc.ny.gov/press/releases/2021/07/dinapoli-mwbe-participation-states-pension-fund-rose-all-time-high-state-fiscal-year-2020-21DiNapoli Highlights Investment in Rochester Region Through State Pension Fund
… made by the New York State Common Retirement Fund’s (Fund) In-State Private Equity Program. The Fund recently invested in Ambrell through the Hamilton Lane’s Hudson River … of industry sectors and businesses. www.trillium-group.com … State Comptroller Thomas P DiNapoli today toured …
https://www.osc.ny.gov/press/releases/2014/06/dinapoli-highlights-investment-rochester-region-through-state-pension-fundNew York’s Economy and Finances in the COVID-19 Era (March 30, 2021)
… ensuing economic shutdown were swift and deep: employment in New York declined by nearly 2 million jobs from February … more than 1 million jobs below its pre-pandemic levels. In February 2021, total non-farm employment in New York increased only slightly, by a net of 3,700 jobs, …
https://www.osc.ny.gov/reports/new-yorks-economy-and-finances-covid-19-era-march-30-2021NYS Common Retirement Fund Reports Third Quarter Results
… estate and real assets (8.6 percent) and absolute return strategies and opportunistic alternatives (4.1 percent). …
https://www.osc.ny.gov/press/releases/2019/02/nys-common-retirement-fund-reports-third-quarter-resultsNYS Common Retirement Fund Reports Second Quarter Results
… estate and real assets (7.6 percent) and absolute return strategies and opportunistic alternatives (4.0 percent). …
https://www.osc.ny.gov/press/releases/2018/11/nys-common-retirement-fund-reports-second-quarter-results2024 Year in Review: Fiscal Responsibility, Stewardship and Transparency
… 2024 Year In Review FISCAL RESPONSIBILITY STEWARDSHIP … of the Office of the New York State Comptroller in 2024 …
https://www.osc.ny.gov/reports/2024-year-in-reviewDiNapoli: Surge in Tourism Bolsters NYC Hotel Industry
… the industry's long-term prospects remain strong." With more than 210,000 hotel rooms, New York is the … in 2015, a 33 percent increase since 2006. To keep pace with demand, the number of hotel rooms in New York City … in 2013 and 2014. The increase in occupancy has coincided with increased visitor spending, which totaled $41.2 billion …
https://www.osc.ny.gov/press/releases/2016/06/dinapoli-surge-tourism-bolsters-nyc-hotel-industryComptroller DiNapoli Releases State Audits
… 2014 (2014-S-58) The department has adequate procedures in place to ensure that it accurately reports its assessable expenses in all material aspects. However, the department needs to … March 31, 2014. Auditors identified about $3.3 million in inappropriate Medicaid payments, including $1,335,151 in …
https://www.osc.ny.gov/press/releases/2015/05/comptroller-dinapoli-releases-state-auditsRockland County - Sale of Estate Real Property (2019M-233)
… Engage a professional appraisal service prior to listing estate real property for sale. County officials … and have initiated or indicated they planned to initiate corrective action. … Determine whether the Acting …
https://www.osc.ny.gov/local-government/audits/county/2020/05/15/rockland-county-sale-estate-real-property-2019m-233DiNapoli Audit: ESD Needs To Increase Transparency of Its Real Estate Holdings and Sales of Properties Below Fair Market Value
… estate holdings, and has sold several for as little as $1 with insufficient information about the economic benefits of … transactions it makes,” DiNapoli said. “That should start with an accurate accounting of its real estate portfolio and … to dispose of properties for fair market value, with exceptions. When proposing below-market transfers, …
https://www.osc.ny.gov/press/releases/2024/08/dinapoli-audit-esd-needs-increase-transparency-its-real-estate-holdings-and-sales-properties-belowOversight of Career and Technical Education Programs in New York State Schools (Follow-Up)
… of implementation of the seven recommendations included in our initial audit report, Oversight of Career and Technical Education Programs in New York State Schools (Report 2019-S-29 ). About the … Career and technical education (CTE) programs (referred to in the past as vocational, occupational, or practical arts …
https://www.osc.ny.gov/state-agencies/audits/2023/01/18/oversight-career-and-technical-education-programs-new-york-state-schools-follow