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DiNapoli: Wall St. First Half Profits Total $13 Billion, Down From 2022
… to pre-pandemic levels of revenue after record profits in 2020 and 2021, according to State Comptroller Thomas P. … of record profits helped stabilize New York’s economy in difficult times,” DiNapoli said. “Since then the industry … with pre-pandemic levels. But these are volatile times in America and globally, and Wall Street’s relatively stable …
https://www.osc.ny.gov/press/releases/2023/10/dinapoli-wall-st-first-half-profits-total-13-billion-down-2022DiNapoli: State Tax Receipts Outpaced Projections Through December
… (SFY) 2024-25, $1.2 billion higher than estimates released in the Division of the Budget’s (DOB) Mid-Year Update to the … December,” DiNapoli said. “However, recent volatility in the markets and persistent inflation are cause for concern. In addition, the direction of federal tax policy under the …
https://www.osc.ny.gov/press/releases/2025/01/dinapoli-state-tax-receipts-outpaced-projections-through-decemberState Agencies Bulletin No. 1852.1
… for tax year 2020. Due to the ongoing COVID-19 pandemic, IRS (Internal Revenue Service) Notice 2021-07 provides … are fringe benefits. Per the Internal Revenue Service (IRS) Rules and Regulations, most Fringe Benefits are taxable … gross wages. This income is reportable on the employee’s Form W-2 and is subject to income and employment taxes. …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/18521-procedures-reporting-taxable-value-personal-use-employer-providedDiNapoli: State Pension Fund Valued at $267.7 Billion at End of First Quarter
… sustainable investments that can weather such ups and downs and is one of the reasons we are one of the nation’s … As of June 30, the Fund had 42.32% of its assets invested in publicly traded equities. The remaining Fund assets by …
https://www.osc.ny.gov/press/releases/2024/08/dinapoli-state-pension-fund-valued-267-point-7-billion-end-first-quarterDiNapoli Announces Sale of $916 Million State of New York General Obligation Refunding Bonds
… Thomas P. DiNapoli today announced the details of the upcoming competitive sale scheduled for October 28 of State … Thomas P DiNapoli today announced the details of the upcoming competitive sale scheduled for October 28 of State …
https://www.osc.ny.gov/press/releases/2019/10/dinapoli-announces-sale-916-million-state-new-york-general-obligation-refunding-bondsOversight of Career and Technical Education Programs in New York State Schools (2019-S-29)
To determine whether current State Education Department (Department) career and technical education activities are sufficient to meet high-demand, high-growth, and high-salary job market needs; and what the Department, school districts, and Boards of Cooperative Educational Services can do to ...
https://www.osc.ny.gov/files/state-agencies/audits/pdf/sga-2021-19s29.pdfNY Common Retirement Fund Announces New Measures to Protect State Pension Fund From Climate Risk and Invest in Climate Solutions
… the growing low-carbon economy,” DiNapoli said. “Climate change is an increasingly urgent risk facing all investors, … our fund’s exposure to fossil fuels. Consistent with my fiduciary duty to maximize investment returns for the … Action Plan to mitigate investment risks posed by climate change and ultimately transition the Fund’s investment …
https://www.osc.ny.gov/press/releases/2024/02/ny-common-retirement-fund-announces-new-measures-protect-state-pension-fund-climate-risk-and-investDiNapoli: Medicaid Audits Find More Than $700 Million in Unnecessary Costs and Overpayments
… released five audits of the Department of Health’s (DOH) Medicaid program that identified approximately $706.6 million … better financial and management controls over the state’s Medicaid program. In recent years, my auditors have … do much more to save taxpayer dollars.” The New York State Medicaid program is a federal, state, and locally funded …
https://www.osc.ny.gov/press/releases/2020/09/dinapoli-medicaid-audits-find-more-700-million-unnecessary-costs-and-overpaymentsDiNapoli: Gen Z and Young Millennials in New York Struggle With Economic, Affordability Challenges
… mounting obstacles to achieving financial stability and independence,” DiNapoli said. “They face a shrinking pool of … and utilities and 13.4% spending 50% or more. In addition, home ownership by young adults has become increasingly … of Education’s pause on credit reporting for student loans in October 2024. Report Economic Challenges Facing New …
https://www.osc.ny.gov/press/releases/2025/12/dinapoli-gen-z-and-young-millennials-new-york-struggle-economic-affordability-challengesDiNapoli: State Pension Fund Value $178.1 Billion
… Fund (Fund) earned a 0.19 percent return on investments in the state fiscal year that ended on March 31, 2016. The Fund’s performance mirrored results in the broader markets during a volatile year. The Fund has … return,” DiNapoli said. “We continue to have confidence in our asset allocation for the long term. Our investment …
https://www.osc.ny.gov/press/releases/2016/06/dinapoli-state-pension-fund-value-1781-billionDiNapoli: State's Fiscal Outlook Declines
… forecast fiscal stability and no projected budget gaps in the State Fiscal Year (SFY) 2022-23 Enacted Budget … for the deteriorating fiscal outlook include declines in revenue from a weaker economic forecast, stock market volatility, and increases in recurring spending, according to a report by State …
https://www.osc.ny.gov/press/releases/2023/07/dinapoli-states-fiscal-outlook-declinesNYS Common Retirement Fund Reports First Quarter Results
… The New York State Common Retirement Fund’s (Fund) estimated return in the first quarter of the State Fiscal Year (SFY) 2020-21 was 10.35 percent for … The New York State Common Retirement Funds Fund estimated return in the first quarter of the State Fiscal Year SFY 202021 was …
https://www.osc.ny.gov/press/releases/2020/08/nys-common-retirement-fund-reports-first-quarter-resultsDiNapoli: New York City Projects Surplus in 2017 Despite Slower Tax Collections
… is strong, but job growth and tax collections in the near future are unlikely to be as robust as they have been in … also replenished the Retiree Health Benefits Trust, which now has a record balance of $4 billion. Read the report , or …
https://www.osc.ny.gov/press/releases/2016/12/dinapoli-new-york-city-projects-surplus-2017-despite-slower-tax-collectionsDiNapoli: NYC Forecasts $965 Million Surplus Fueled by Federal Aid
… which averaged $4 billion annually from FY 2023 through FY 2025 in the adopted budget in June 2021, were narrowed … in FY 2023, $3 billion in FY 2024, and $3.3 billion in FY 2025, fueling gaps that could total more than $5 billion … that could add costs of more than $1 billion in FY 2026, outside of the financial plan period. Even during the …
https://www.osc.ny.gov/press/releases/2021/12/dinapoli-nyc-forecasts-965-million-surplus-fueled-federal-aidOversight of Career and Technical Education Programs in New York State Schools (2019-S-29) 180-Day Response
To determine whether current State Education Department (Department) career and technical education (CTE) activities are sufficient to meet high-demand, high-growth, and high-salary job market needs; and what the Department, school districts, and Boards of Cooperative Educational Services ...
https://www.osc.ny.gov/files/state-agencies/audits/pdf/sga-2021-19s29-response.pdfState Comptroller DiNapoli Releases Municipal Audits
… also did not update the sale price of millings in accordance with the current average market price. As a … based on average market prices at the time of the sale. In addition, because millings are a lower-cost alternative to … or establish adequate controls to safeguard IT systems. In addition, the board did not adopt an IT contingency plan …
https://www.osc.ny.gov/press/releases/2025/12/state-comptroller-dinapoli-releases-municipal-auditsSelected Management and Operations Practices (Follow-Up)
… During the 2013 State of the State Address, the Charge NY program was unveiled, with the goal to increase sales of … up to 3,000 public and workplace charging stations. Charge NY is a collaboration among the New York State Energy … private partners to place DCFCs in strategic locations to drive market adoption of EVs and test business models. Since …
https://www.osc.ny.gov/state-agencies/audits/2025/10/03/selected-management-and-operations-practices-followDiNapoli Releases April Cash Report
… totaled $8.6 billion, an increase of 21.4 percent from last April, primarily due to an increase in Personal Income … April totaled $6.7 billion, 25.5 percent higher than last year for the same period, which was $11.6 million lower … totaled $314.7 million, an increase of 15.2 percent from last year, but $6.3 million below the projections. All Funds …
https://www.osc.ny.gov/press/releases/2015/05/dinapoli-releases-april-cash-reportMWBE Report 2020-2021 Fiscal Year
In the 2020-21 fiscal year, market disruptions from the global pandemic gradually turned to optimism that the race against the COVID-19 virus would be won, ushering in a return to “normal” times.
https://www.osc.ny.gov/files/reports/special-topics/pdf/mwbe-fiscal-2020-21.pdfDiNapoli: State Pension Fund Valued at $273.4 Billion at End of Third Quarter
… “Although 2024 was generally positive, markets fell in December. Investors will face continued uncertainty in the months ahead with the potential for tariffs and … As of Dec. 31, the Fund had 40.94% of its assets invested in publicly traded equities. The remaining Fund assets by …
https://www.osc.ny.gov/press/releases/2025/02/dinapoli-state-pension-fund-valued-2734-billion-end-third-quarter