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New York State Comptroller DiNapoli: Wall Street Profits Rose in 2018, But Bonuses Fell
… 11 percent higher than the previous year, but the average bonus paid to industry employees in New York City declined by almost 17 percent to $153,700, …
https://www.osc.ny.gov/press/releases/2019/03/new-york-state-comptroller-dinapoli-wall-street-profits-rose-2018-bonuses-fellDiNapoli: Taxpayers Moving Out of State Spiked in 2020, Led by Those Leaving NYC
… caused a significant shift in taxpayer movement, with net out-migration quadrupling in 2020 compared to the prior year. … the pre-pandemic average. The report examines PIT filings for the pandemic years of 2020 and 2021 and follows up on … 28,700 taxpayers during this period. In 2020, the number moving out of state increased dramatically, resulting in a …
https://www.osc.ny.gov/press/releases/2023/12/dinapoli-taxpayers-moving-out-state-spiked-2020-led-those-leaving-nycOversight 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.pdfTown of Homer – Conflict of Interest (2022M-148)
… Town of Homer (Town) officials had prohibited interests in Town contracts. Key Findings One Board member is the … and owner of a welding company which provided repair work to the Town, totaling $8,571, during our audit period. As … in the welding company’s contracts with the Town pursuant to New York State General Municipal Law Article 18. We also …
https://www.osc.ny.gov/local-government/audits/town/2022/12/23/town-homer-conflict-interest-2022m-148Tompkins County Industrial Development Agency – Project Approval and Monitoring (2021M-143)
… Board of Directors (Board) evaluated projects prior to approval and subsequently monitored the performance of … Key Findings While the Board evaluated projects prior to their approval, Board members should improve TCIDA’s … information is accurate. The Board did not ensure payments in lieu of taxes (PILOTs) were billed and paid in accordance …
https://www.osc.ny.gov/local-government/audits/county/2021/12/17/tompkins-county-industrial-development-agency-project-approval-and-monitoringSelected Controls Over the Property Tax Assessment Process
… were authorized. This audit focused on Tax Class 2 properties that are valued as income producing, based on … New York City Department of Finance (DOF) is responsible for assessing all real property throughout the City – … using income and expense data reported by those or similar rental properties. DOF acquires income (e.g., rent from …
https://www.osc.ny.gov/state-agencies/audits/2017/07/11/selected-controls-over-property-tax-assessment-processMWBE 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.pdfTown of Catskill – Internal Controls Over Selected Financial Operations (2014M-165)
… procedures for cash receipts for the senior center or the Receiver of Taxes. The Board did not review the Receiver of Taxes’ bank reconciliations and the Receiver had accumulated approximately $66,000 in taxpayer …
https://www.osc.ny.gov/local-government/audits/town/2014/10/03/town-catskill-internal-controls-over-selected-financial-operations-2014m-165DiNapoli: SFY 2022-23 Tax Collections Outperform Projections; Fall Below Previous Year
… Tax collections for State Fiscal Year (SFY) 2022-23 totaled $111.7 billion, $2.9 … phase-in of the middle-class tax rate cuts, and financial market volatility over the course of 2022. “The financial position of the state remains on a solid footing, for now,” DiNapoli said. “While tax …
https://www.osc.ny.gov/press/releases/2023/04/dinapoli-sfy-2022-23-tax-collections-outperform-projections-fall-below-previous-yearMWBE Report 2019-2020 Fiscal Year
Due to the disruption in the market as a result of the global pandemic caused by COVID-19, the value of the Fund as a whole has been impacted.
https://www.osc.ny.gov/files/reports/special-topics/pdf/mwbe-fiscal-2019-20.pdfNYS Comptroller DiNapoli: Wall Street's 2020 Bonuses Rose Amid Volatility
… The average bonus paid to employees in New York City’s securities industry grew by 10 percent in … reversed by a boom in underwriting activity, historically low interest rates, and surges in trading spurred by volatile … from prior years that have been cashed in. The estimate does not include stock options or other forms of deferred …
https://www.osc.ny.gov/press/releases/2021/03/nys-comptroller-dinapoli-wall-streets-2020-bonuses-rose-amid-volatilityDiNapoli Op-Ed in the NY Daily News Cautions NYC Leaders to Prepare for Challenging Fiscal Times Ahead
… know the shape of the economic recovery and what it holds for the city’s quality of life, economic competitiveness and … resilience amid questions over lingering inflation. COVID-19 variants still plague the globe and vaccination rates have slowed, risking a resurgence of the …
https://www.osc.ny.gov/press/releases/2021/09/dinapoli-op-ed-ny-daily-news-cautions-nyc-leaders-prepare-challenging-fiscal-times-aheadDiNapoli: State Pension Fund Valued at $242.3 Billion at End of Third Quarter
… the end of the third quarter of state fiscal year 2022-23. For the three-month period ending Dec. 31, 2022, Fund … times in 2022, but the Fund posted positive results for the quarter,” DiNapoli said. “Market volatility may … Fund remains well-diversified and built to handle these ups and downs. Our pensioners and members can remain …
https://www.osc.ny.gov/press/releases/2023/02/dinapoli-state-pension-fund-valued-2423-billion-end-third-quarterDiNapoli: State Pension Fund Reaches Record High of $183.5 Billion
… State Comptroller Thomas P. DiNapoli today announced that the New York State Common Retirement Fund (Fund) reached a … staff and our diversified asset allocation.” The Fund is the third-largest public pension fund in the country and … Core Fixed Income 5.5% 22.2% Non-US Equities -0.5% 11.2% Private Equity 9.2% 7.5% Real Estate 10.4% 6.4% TIPS* 3.3% …
https://www.osc.ny.gov/press/releases/2015/05/dinapoli-state-pension-fund-reaches-record-high-1835-billionDiNapoli: State Pension Fund Valued at $254.1 Billion at End of First Quarter
… Thomas P. DiNapoli today announced that the estimated value of the New York State Common Retirement Fund (Fund) was … diversified portfolio is well-positioned to handle any market fluctuations. Our pensioners, members and … prudent management and long-term perspective.” The Fund's value reflects retirement and death benefits of $4.09 billion …
https://www.osc.ny.gov/press/releases/2023/08/dinapoli-state-pension-fund-valued-2541-billion-end-first-quarterDiNapoli: State Pension Fund Valued at $283.9 Billion at End of First Quarter
… Common Retirement Fund (Fund) was $283.9 billion at the end of the first quarter of State Fiscal Year 2025-26, New … tariffs and a slowing job market,” DiNapoli said. “Thanks to our diverse portfolio and a long-term approach, the Fund … and local government employees have earned.” The Fund's audited value was $273.1 billion as of March 31, 2025, the …
https://www.osc.ny.gov/press/releases/2025/08/dinapoli-state-pension-fund-valued-283-point-9-billion-end-first-quarterDiNapoli Announces Sale of General Obligation Bonds
… announced the details of the competitive sale scheduled for March 10, 2015 of tax-exempt and taxable New York State … 2015C Tax-Exempt Refunding Bonds would provide funds to refund certain outstanding general obligation bonds of the … dated the date of delivery, expected to be March 19, 2015. A copy of the Preliminary Official Statement which contains …
https://www.osc.ny.gov/press/releases/2015/03/dinapoli-announces-sale-general-obligation-bondsDiNapoli Announces Sale of General Obligation Bonds
… Quality (1986), Clean Water/Clean Air (1996), Rebuild and Renew New York Transportation (2005) and Smart Schools … Quality (1986), Clean Water/Clean Air (1996), Rebuild and Renew New York Transportation (2005) and Smart Schools …
https://www.osc.ny.gov/press/releases/2018/03/dinapoli-announces-sale-general-obligation-bondsApproved State Contracts and Payments
… Department of Economic Development $1.4 million to Icahn School of Medicine at Mount Sinai for the High Technology … concrete repair design at the Conklingville Dam, Saratoga County. Department of Labor $220,000 with Fried Frank Harris … to DMV data. $1.8 million revenue agreement with R. L. Polk & Co. for shared access to DMV data. $432,000 revenue …
https://www.osc.ny.gov/press/releases/2018/01/approved-state-contracts-and-paymentsDiNapoli Releases Bond Calendar for March and April
… Comptroller’s office chairs the Securities Coordinating Committee, which was created by Gubernatorial Executive Order … Metropolitan Transportation Authority, the New York City Housing Development Corporation, the New York City Municipal Water Finance Authority, the New York State Housing Finance Agency, and the Triborough Bridge and Tunnel …
https://www.osc.ny.gov/press/releases/2024/03/dinapoli-releases-bond-calendar-march-and-april