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NYS Common Retirement Fund Announces Second Quarter Results
… of the Fund’s 2015-2016 fiscal year was -4.13 percent for the three-month period ending Sept. 30, 2015, according … weather such ups and downs and provide retirement security for generations to come. While we’ve seen some recovery in … quarter, there is no question that this is a tough year for investors.” The Fund's estimated value reflects benefits …
https://www.osc.ny.gov/press/releases/2015/11/nys-common-retirement-fund-announces-second-quarter-resultsNYS Common Retirement Fund Reports Estimated First Quarter Results
… to increase accountability and transparency. Quarterly rates of return provide a snapshot of performance over three …
https://www.osc.ny.gov/press/releases/2022/08/nys-common-retirement-fund-reports-estimated-first-quarter-resultsDiNapoli: Audit Shows Health Department Overpaid Certain Medicaid Managed Care Premiums
… they updated the methodology. Auditors also reviewed the expenses submitted by one MCO to DOH and determined the MCO claimed certain non-allowable administrative expenses, which also contributed to the overpayments. DOH’s … provide clear and specific instructions for reporting some expenses, such as fines and penalties and certain legal …
https://www.osc.ny.gov/press/releases/2016/10/dinapoli-audit-shows-health-department-overpaid-certain-medicaid-managed-care-premiumsDiNapoli Releases August Cash Report
… tax collections were $355.6 million higher than the latest projections and $1.3 billion over initial projections … balance of just under $9.5 billion, $580 million over the latest Financial Plan projection. Other findings from the … from the previous year and $28.9 million higher than the latest projections. Business taxes and other tax receipts …
https://www.osc.ny.gov/press/releases/2015/09/dinapoli-releases-august-cash-reportDiNapoli Announces Decrease in Pension Contribution Rates for FY 2016-17; Lowers Assumed Rate of Return
… 24.3 percent, or about 2 percent. "For the third year in a row, there will be a decline in pension contribution rates as a result of solid investment …
https://www.osc.ny.gov/press/releases/2015/09/dinapoli-announces-decrease-pension-contribution-rates-fy-2016-17-lowers-assumed-rate-returnDiNapoli: Local Sales Tax Collection Growth Highest Since 2013
… Local sales tax collection growth accelerated in 2017, according to a report released today by State … as local revenues have been under significant pressure in recent years," DiNapoli said. "As 2018 unfolds, local … federal tax changes on this spending is the great unknown in this equation." DiNapoli's report found the increase in …
https://www.osc.ny.gov/press/releases/2018/01/dinapoli-local-sales-tax-collection-growth-highest-2013DiNapoli: Medicaid Costs for Diabetes Reach $1.2 Billion
… Comptroller Thomas P. DiNapoli detailing the statewide costs of the disease. “Millions of New Yorkers suffer from … that another 760,000 New Yorkers have the disease but do not know it. DOH also estimates that 5 million New Yorkers … I congratulate Comptroller DiNapoli on recognizing the impact of these disorders from both a medical and an economic …
https://www.osc.ny.gov/press/releases/2015/10/dinapoli-medicaid-costs-diabetes-reach-12-billionDiNapoli: MTA Financial Outlook Improved
… The outlook for the Metropolitan Transportation Authority’s (MTA) budget has improved considerably over the past year … years 2016 through 2020. The MTA projects a year-end cash balance of $200 million in 2016 (two-thirds higher than previously …
https://www.osc.ny.gov/press/releases/2016/09/dinapoli-mta-financial-outlook-improvedDiNapoli: Report Warns of Growing State Debt
… debt is projected to reach $63.7 billion at the end of the current fiscal year and to increase over the following … Secured Hospital program bonds for which the state is paying debt service on behalf of certain hospitals based on a …
https://www.osc.ny.gov/press/releases/2017/12/dinapoli-report-warns-growing-state-debtUnified Court System Bulletin No. UCS-333
… of the Unified Court System who are paid using the LEG Comp Rate Code are affected. Background: Pursuant to Article … on the following exception criteria. OSC will, however, calculate normal biweekly earnings for these employees. A … returned to the payroll using the Action Rehire or Return from Leave on 12/23/2022 or later. Judges or Justices who …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/unified-court-system/ucs-333-2023-year-end-adjustment-judges-and-justices-unified-courtDiNapoli: CDTA Overtime Expenses and Ridership Growing
… payments accounted for 20 percent of the authority’s total employee compensation in the 2015 fiscal year, more than … authorities, ranking third in terms of total revenues and expenses. CDTA’s salaries and wages for the year ended March … earning more than $50,000 in overtime, which exceeded the employee’s annualized salary. Since 2010 CDTA ridership has …
https://www.osc.ny.gov/press/releases/2016/06/dinapoli-cdta-overtime-expenses-and-ridership-growingFederal Relief Aid Temporarily Reverses Trend of NY Sending More to Washington Than It Gets Back
… Historic relief funds from the federal government, provided in response to … among states, according to a report released by New York State Comptroller Thomas P. DiNapoli. New York received $146 … federal taxes were 27.6% higher than the national average, ranking it fourth behind New Jersey, Massachusetts and …
https://www.osc.ny.gov/press/releases/2022/03/federal-relief-aid-temporarily-reverses-trend-ny-sending-more-washington-it-gets-backDiNapoli: Tax Revenues Through May $4 Billion Over Enacted Budget Projections
… through the first two months of State Fiscal Year (SFY) 2021-22 were $4 billion higher than forecast in the Enacted … of the state fiscal year is good news and gives reason for optimism about the economic recovery. The state is … was $4.8 billion, or 38.8 percent, higher than last year for the same period, primarily due to higher Medicaid costs …
https://www.osc.ny.gov/press/releases/2021/06/dinapoli-tax-revenues-through-may-4-billion-over-enacted-budget-projectionsState Comptroller Releases Municipal Audits
… financial operations while developing their 2021 fiscal year budgets. Below are the findings of some of the … financial operations while developing their 2021 fiscal year budgets …
https://www.osc.ny.gov/press/releases/2021/06/state-comptroller-releases-municipal-auditsCity of Long Beach – Budget Review (B21-7-6)
Determine whether the significant revenue and expenditure projections in the Citys proposed budget for the 202122 fiscal year are reasonable and whether the City took appropriate action to implement or resolve recommendations from our budget review issued in May 2020
https://www.osc.ny.gov/local-government/audits/city/2021/05/12/city-long-beach-budget-review-b21-7-6DiNapoli: State Tax Receipts Exceed Initial Projections By $7.2 Billion Through First Six Months
… State tax receipts in State Fiscal Year (SFY) 2021-22 exceeded the Enacted … by $7.2 billion through the end of September, according to the monthly State Cash Report released by New York State … Division of the Budget (DOB) in the First Quarter Update to the Financial Plan, released last month. Tax receipts …
https://www.osc.ny.gov/press/releases/2021/10/dinapoli-state-tax-receipts-exceed-initial-projections-72-billion-through-first-six-monthsDiNapoli Releases April State Cash Report
… for the same period, primarily because of a $1.8 billion pension payment made this year that was paid after April last …
https://www.osc.ny.gov/press/releases/2016/05/dinapoli-releases-april-state-cash-reportUnified Court System Bulletin No. UCS-312
… of the Unified Court System who are paid using the LEG Comp Rate Code are affected. Background Pursuant to Article … on the following exception criteria. OSC will, however, calculate normal biweekly earnings for these employees. A … returned to the payroll using the Action Rehire or Return from Leave on 12/24/2021 or later Judges or Justices who have …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/unified-court-system/ucs-312-2022-year-end-adjustment-judges-and-justices-unified-courtDiNapoli: Local Sales Tax Collections Up 2.2% in Second Quarter
… government sales tax collections totaled $5.83 billion in the second calendar quarter (April-June) of 2024, an … all other regions of the state also saw increases. “Growth in local sales tax collections has moderated, as both … to local sales tax growth, and its moderate increase in collections reflects in part a tourism industry that …
https://www.osc.ny.gov/press/releases/2024/07/dinapoli-local-sales-tax-collections-22-second-quarterDiNapoli Releases Annual IDA Report
… is constructing Two Manhattan West, a commercial office tower that is part of the Hudson Yards development. The …
https://www.osc.ny.gov/press/releases/2022/06/dinapoli-releases-annual-ida-report