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Property Tax Credits
The objective of our examination was to determine whether Property Tax Freeze, Property Tax Relief, and STAR credits processed by the Department during the peri
https://www.osc.ny.gov/files/state-agencies/audits/pdf/bse-2018-04-12.pdfDiNapoli: Some Bright Spots for NYC Finances in FY21, but Long-Term Challenges Looming
… from. Unanticipated spending also presents risks that are likely to balloon the city’s budget gaps if left … enabled by one-shot actions, such as the use of retiree health reserves, and spending cuts. The city also included a … city-funded revenue, adjusted down by $2.5 billion. They are not expected to return to pre-pandemic levels until FY …
https://www.osc.ny.gov/press/releases/2021/02/dinapoli-some-bright-spots-nyc-finances-fy21-long-term-challenges-loomingDiNapoli Releases Report on Municipalities Close to Exceeding Tax Limits
… a single year. In 2012, only seven municipalities had used 80 percent or more of their CTL. By 2018, that number had … was available, 10 were found to have exhausted at least 80 percent of their CTL, or nearly 17 percent. Eight of the … (3.5 percent) were also found to have exhausted at least 80 percent of their available limit. The cities of Jamestown …
https://www.osc.ny.gov/press/releases/2019/08/dinapoli-releases-report-municipalities-close-exceeding-tax-limitsCounty Medicaid Costs
… more than doubled in the last decade from $1.1 billion in 1993 to $2.3 billion in 2003, an average annual growth rate … of local tax levy to support rising Medicaid costs. In 1993, county Medicaid costs represented 13.5 percent of … levy. By 2003, county Medicaid expenditures accounted for 19.1 percent of county general fund expenditures and 73.2 …
https://www.osc.ny.gov/local-government/publications/county-medicaid-costsDiNapoli: NYC's Fiscal Picture Improves Short Term, but Significant Risks Lie Ahead
… preliminary fiscal year (FY) 2024 budget has benefitted from better-than-projected revenue collections, the … FY 2027 (18% of city-fund revenues), even when adjusting for stronger revenue collections. “The city’s steps to close … . Under State Comptroller DiNapoli’s open data initiative, search millions of state and local government financial …
https://www.osc.ny.gov/press/releases/2023/02/dinapoli-nycs-fiscal-picture-improves-short-term-significant-risks-lie-aheadState Comptroller DiNapoli Releases Municipal Audits
… Services (Albany County) District officials did not obtain quotes or requests for proposals for most professional …
https://www.osc.ny.gov/press/releases/2014/11/state-comptroller-dinapoli-releases-municipal-auditsOpen Book New York
… Comptroller DiNapoli believes New Yorkers deserve to know how their tax dollars are spent. Without transparency in … a commitment to this belief. If you've ever wondered how much it costs to run your fire department or how much your … city spends on education, you can easily track where money is going and how it's being reflected in the State's spending …
https://www.osc.ny.gov/open-book-new-yorkOpinion 99-3
… of deceased firefighter) INSURANCE LAW, §§9104, 9105: A benevolent association that is authorized to use foreign … insurance tax moneys, except as otherwise provided in any special law. Therefore, when an exempt firefighters' … or judicial construction, we have suggested that the word "'relief' signifies the 'removal in whole or in part of …
https://www.osc.ny.gov/legal-opinions/opinion-99-3DiNapoli: State Tax Receipts Exceed Latest Projections by $7.7 Billion
… Budget’s (DOB) Mid-Year Update to the State Financial Plan by nearly $7.7 billion, according to the monthly State Cash … were 4.6% or $679.5 million higher than the same period last year, and $85.7 million higher than anticipated by DOB. …
https://www.osc.ny.gov/press/releases/2023/01/dinapoli-state-tax-receipts-exceed-latest-projections-7-point-7-billionDiNapoli: New York on Stronger Financial Footing
… New York state ended the 2013-14 fiscal year in the strongest fiscal … funds spending was not held to 2 percent. Preliminary legislative estimates based on the Enacted Budget show more … For a copy of the report visit: http://www.osc.state.ny.us/reports/budget/2014/2014-15_prelim_enacted_budget.pdf … …
https://www.osc.ny.gov/press/releases/2014/04/dinapoli-new-york-stronger-financial-footingCOVID-19 Relief Program Tracker
… assistance to New Yorkers most severely impacted by the COVID-19 pandemic. The tracker explains when each funding stream … assistance to New Yorkers most severely impacted by the COVID19 pandemic …
https://www.osc.ny.gov/reports/covid-relief-program-trackerReview of the Enacted Budget: State Fiscal Year 2021-22
… Fiscal Year 2021-22 April 2021 PDF Version Message from the Comptroller More than a year after the onset of the COVID-19 pandemic in New York, our State continues to … to set aside new revenues in the State’s statutory rainy day funds, which will remain at $2.5 billion. Bolstering …
https://www.osc.ny.gov/reports/budget/review-enacted-budget-state-fiscal-year-2021-22Opinion 93-9
… insurance tax moneys, except as otherwise provided in any special law. Therefore, when an exempt firemen's benevolent … interest earned thereon, only for the care and relief of a disabled or indigent volunteer firefighter and his or her … however, that at least one court has observed that the word "'relief' signifies the 'removal in whole or in part of …
https://www.osc.ny.gov/legal-opinions/opinion-93-9DiNapoli Issues Analysis of 2021-22 Enacted State Budget
… by SFY 2024-25. Increases to the corporate franchise rates expire after 2023 while higher personal income tax rates will expire after 2027. The new resources provide substantial …
https://www.osc.ny.gov/press/releases/2021/04/dinapoli-issues-analysis-2021-22-enacted-state-budgetDiNapoli: Rise in NYC Metro Area Housing Costs Outpaces Other U.S. Cities
… the surrounding suburbs have grown more than 68% over the last decade, the largest increase among selected major … risen dramatically over the last decade,” DiNapoli said. “When we look at other major U.S. metropolitan areas, we see … furnishings reached an all-time high in the New York City metro area, which includes the city as well as Nassau, …
https://www.osc.ny.gov/press/releases/2024/01/dinapoli-rise-nyc-metro-area-housing-costs-outpaces-other-us-citiesDiNapoli Report Analyzes Regional Trends in Education for School Districts Outside New York City
… must navigate a complex set of state rules and local needs to determine how to best educate our children and pay for it,” DiNapoli … state and federal aid, the School Tax Relief program (STAR), and local property tax revenue. Property taxes made up …
https://www.osc.ny.gov/press/releases/2020/03/dinapoli-report-analyzes-regional-trends-education-school-districts-outside-new-york-cityProperty Tax Freeze Credit
… Purpose The objective of our examination was to determine whether the Property Tax Freeze Credit (PTF … PTF Credit for tax year 2015, homeowners must receive the STAR property tax exemption (i.e., the property must be the … complete, and accurate. For the 2016 tax year, use relevant Department data to ensure only eligible …
https://www.osc.ny.gov/state-agencies/audits/2016/11/08/property-tax-freeze-creditProperty Tax Freeze Credit
… the PTF Credit in 2014, homeowners must receive the STAR property tax exemption (i.e., the property must be the … either the homeowner or property was not eligible for the STAR property tax exemption. This includes out-of-state …
https://www.osc.ny.gov/state-agencies/audits/2015/07/22/property-tax-freeze-creditDiNapoli Announces State Contract and Payment Actions for April 2014
… contracts valued at $1 billion and approved more than 4.5 million payments worth nearly $8.5 billion in April. His … 89 in City of Geneva and Town of Tyre. Office of General Services Sale of Surplus Property Approved a $5 million … Grants Approved a $2.2 million Office of Temporary and Disability grant to Assistance Neighborhood Housing Services …
https://www.osc.ny.gov/press/releases/2014/05/dinapoli-announces-state-contract-and-payment-actions-april-2014State Comptroller Thomas P. DiNapoli Statement on New York State Budget for SFY 2022-23
… good news the budget maintains a commitment to building up reserves, many new programs will add recurring spending, … enacted budget and release a detailed analysis in the coming weeks." Track state and local government spending at Open Book New York . Under State …
https://www.osc.ny.gov/press/releases/2022/04/state-comptroller-thomas-p-dinapoli-statement-new-york-state-budget-sfy-2022-23