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DiNapoli Urges NYC to Shore Up Rainy-Day Fund
… Thomas P. DiNapoli urged New York City officials to better prepare for financial downturns by evaluating the … city’s rainy-day reserve fund, establishing targets for how much should go into the fund each year and setting the … for emergencies; Establishing targets for the amount of money to be set aside in the fund and setting forth a …
https://www.osc.ny.gov/press/releases/2021/11/dinapoli-urges-nyc-shore-rainy-day-fundDiNapoli: NYC's Finances Benefiting From Better Than Expected Revenues
… Stronger than anticipated revenues and lower costs for asylum seekers will help New York City balance its $118 … FY 2027) less than anticipated at that time. The asylum seeker population declined substantially at the beginning of …
https://www.osc.ny.gov/press/releases/2025/06/dinapoli-nycs-finances-benefiting-better-expected-revenuesMottville Fire District - Budgeting and Financial Recordkeeping (2020M-26)
… accounting and reporting manual for fire districts. District officials agreed with our recommendations and have …
https://www.osc.ny.gov/local-government/audits/fire-district/2020/05/15/mottville-fire-district-budgeting-and-financial-recordkeeping-2020m-26State Agencies Bulletin No. 1811
… reallocation. These employees require manual processing for payments such as performance advances or longevity. Going … effective dates and check date: Pay Cycle/Pay Period Type Effective Date Check Date Institution 23 Lag 01/30/2020 … Actions OSC has created NYS position numbers in PayServ for downward reallocated titles for each agency with …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1811-new-procedure-maintaining-job-data-information-employees-reallocatedNorth Babylon Union Free School District – Financial Condition (2016M-32)
… officials employed budgeting practices resulting in fund balance appropriations that were not needed. The Board …
https://www.osc.ny.gov/local-government/audits/school-district/2016/06/03/north-babylon-union-free-school-district-financial-condition-2016m-32Mount Markham Central School District – Reserve Funds (2016M-73)
… Purpose of Audit The purpose of our audit was to examine the District’s reserve funds for … Markham Central School District is located in a number of towns in Herkimer, Madison, Oneida and Otsego Counties. …
https://www.osc.ny.gov/local-government/audits/school-district/2016/06/24/mount-markham-central-school-district-reserve-funds-2016m-73Town of Tyre - Long-Term Planning (2019M-61)
… did not: Submit an annual inventory list and estimates of highway and bridge related expenditures to the Board, as … formal reserve plan that includes the accumulation and use of reserve funds, and analyze existing reserve fund levels … highway inventory list and agreement for the expenditure of highway money, including the anticipated costs. Town …
https://www.osc.ny.gov/local-government/audits/town/2019/05/29/town-tyre-long-term-planning-2019m-61DiNapoli Report Tracks MTA's Shifting Revenue Streams
… trips last year than in 2019, and paid ridership for NYC Transit buses was down 42% compared to 2019. Commuter … of an increase to the payroll mobility tax (PMT) rate in NYC in 2023. In 2024, 70% of the MTA’s revenue came from …
https://www.osc.ny.gov/press/releases/2025/05/dinapoli-report-tracks-mtas-shifting-revenue-streamsDiNapoli: NYC Remains on Solid Ground but Budget Risks Need to be Managed
… income tax withholding and estimated payments were $1.3 billion higher for December 2017 than in the prior year, … and its associated financial plan project a surplus of $26 billion in the current fiscal year ending on June 30 which …
https://www.osc.ny.gov/press/releases/2018/03/dinapoli-nyc-remains-solid-ground-budget-risks-need-be-managedSUNY Bulletin No. SU-318
… for their work location. Affected Employees SUNY employees in hourly or annual positions who meet the eligibility … increased the New York State minimum wage for employees in non-governmental positions. The Director of the Budget … approved as part of the 2016/17 enacted State budget. In addition , eligible full or part time annual employees …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-university-new-york/su-318-december-2021-increase-minimum-wage-employees-stateOpinion 89-37
… government in order to carry on the business of collateral loan broker. In addition, a licensed collateral loan broker must file a registration statement with the State … would constitute the conduct of business as a collateral loan broker within the meaning of article 5 of the General …
https://www.osc.ny.gov/legal-opinions/opinion-89-37DiNapoli: NYC Tourism Approaches Full Recovery, Still Top Major U.S. Tourist Destination
… levels and welcome a record 68 million visitors by 2025. “The number of tourists is nearly back to pre-pandemic … down with over 39 million overnight visitors projected in 2025, compared to Las Vegas and Los Angeles at just over 29 … city are expected to increase by 12.9 percent from 2023 to 2025, the strongest growth among other major U.S. tourist …
https://www.osc.ny.gov/press/releases/2024/05/dinapoli-nyc-tourism-approaches-full-recovery-still-top-major-us-tourist-destinationDiNapoli: MTA Budget Gaps Return
… budget gaps could again be on the horizon. This is a very real and troubling possibility.” The MTA’s recovery from the … Plan to its July Plan is the projected collection of real estate-related taxes, which are expected to be $790 … lower over the next four years due to lower commercial real estate activity in New York City. As revenue growth is …
https://www.osc.ny.gov/press/releases/2024/10/dinapoli-mta-budget-gaps-returnDiNapoli: State Needs To Do More for Growing Mental Health Crisis in Schools
… Too many of New York school districts’ mental health teams are … many students in New York, but not enough is being done to make sure they are getting the information and support … and staff can recognize warning signs of distress and know how to get help. I’m encouraged that the department responded …
https://www.osc.ny.gov/press/releases/2022/04/dinapoli-state-needs-do-more-growing-mental-health-crisis-schoolsOpinion 2006-1
… bargaining agreement, could constitute a gift or loan of town monies in contravention of article VIII, §1 of … on the last payroll day would contravene the gift and loan prohibition of article VIII, §1 of the State … would not be violative of the constitutional gift and loan prohibition. With respect to such payment under a …
https://www.osc.ny.gov/legal-opinions/opinion-2006-1Unified Court System Bulletin No. UCS-180
… Purpose To inform agencies of OSC’s automatic processing. Affected … Judges and Justices of the UCS in Bargaining Unit 86 whose Pay Basis Code is LEG with an Employee Status of Active (A) … with an Effective Date of 3/29/2012. If the employee does not meet the eligibility criteria on 3/29/2012 but becomes …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/unified-court-system/ucs-180-april-2012-salary-increase-judges-and-justices-unified-courtCity of Lockport – Budget Review (B20-1-9)
… independent evaluation of the City’s proposed budget for 2021. Background Chapter 332 of the Laws of 2014, as amended … us they will hire four new firefighters each year from 2021 through 2023, but have not documented this in a written … are nearing settlement and will likely be in place in 2021. The City has 29 retirement eligible employees and, if …
https://www.osc.ny.gov/local-government/audits/city/2020/11/06/city-lockport-budget-review-b20-1-9Update on New York’s Unemployment Insurance Trust Fund: Challenges Continue
… claims are part of the safety net, and are financed with federal and state payroll taxes collected from employers. As detailed by the Office of … of Labor; U.S. Department of Treasury Interest due on New York’s advance has been limited to date because of …
https://www.osc.ny.gov/reports/update-new-yorks-unemployment-insurance-trust-fund-challenges-continueSherrill City School District – Reserve Funds (2017M-247)
… reserve funds and maintained them at reasonable levels for the period July 1, 2015 through July 31, 2017. … that address the purpose of each reserve, optimal funding levels and conditions under which the reserves will be used. …
https://www.osc.ny.gov/local-government/audits/school-district/2018/02/02/sherrill-city-school-district-reserve-funds-2017m-247Town of Freedom – Financial Management (2021M-191)
… report - pdf ] Audit Objective Determine whether the Town of Freedom (Town) Board (Board) adopted realistic budgets and maintained reasonable levels of fund balance. Key Findings The Board did not develop and … during the past three years to approximately $735,000 as of December 31, 2020, or 69 percent of the 2021 fund …
https://www.osc.ny.gov/local-government/audits/town/2022/02/11/town-freedom-financial-management-2021m-191