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Focus on Identity Theft
Identity theft is skyrocketing. The consequences are real.
https://www.osc.ny.gov/files/reports/pdf/focus-on-identity-theft.pdfOpinion 88-11
… issues discussed in the opinion. PARKS AND RECREATION -- Park Land (conveyance of lands subject to reversionary … §1-102(1): When land is conveyed to a village for use as a park, subject to a private reversionary right, the land, upon its discontinuance as a park, may be re-conveyed to the original grantor or his …
https://www.osc.ny.gov/legal-opinions/opinion-88-11Opinion 92-32
… about the propriety of the use of surplus town funds to purchase an historical railroad depot located within the … and maintain the depot. The society, however, is unable to purchase the depot outright at this time. You propose, … a town is authorized, after due notice and public hearing, to purchase historical or cultural property in order to …
https://www.osc.ny.gov/legal-opinions/opinion-92-32Eastchester Union Free School District – Financial Management (2016M-59)
Eastchester Union Free School District Financial Management 2016M59
https://www.osc.ny.gov/local-government/audits/school-district/2016/06/24/eastchester-union-free-school-district-financial-management-2016m-59Town of Athens - Town Clerk/Tax Collector (2018M-41)
… adequate records and properly deposited and remitted money in a timely manner. Key Findings Real property taxes totaling nearly $2.2 million in 2016 and $1.3 million in 2017 were not always remitted to the Supervisor and County …
https://www.osc.ny.gov/local-government/audits/town/2018/06/08/town-athens-town-clerktax-collector-2018m-41Review of the Financial Plan of the City of New York - March 2007
A resilient real estate market and record Wall Street profits and bonuses continue to push tax collections far beyond the City’s expectations.
https://www.osc.ny.gov/files/reports/osdc/pdf/report-12-2007.pdfOpinion 94-26
… Comptroller at the time it was rendered. The opinion may no longer represent those views if, among other things, there … of villages within the town (see, e.g., 1994 Opns St Comp No. 94-10, p ___; 1989 Opns St Comp No. 89-61, p 135; 1980 Opns St Comp No. 80-334, p 98; Village …
https://www.osc.ny.gov/legal-opinions/opinion-94-26Town of Westfield - Real Property Acquisition (2019M-119)
… the time of purchase, the property had an estimated full market value of $243,000. Key Recommendations Use a thorough …
https://www.osc.ny.gov/local-government/audits/town/2019/11/22/town-westfield-real-property-acquisition-2019m-119Village of Delanson – Internal Controls Over Selected Financial Operations (2012M-232)
… not maintain appropriate, complete and accurate records to detail real property tax and water rent billings and …
https://www.osc.ny.gov/local-government/audits/village/2013/03/29/village-delanson-internal-controls-over-selected-financial-operations-2012m-232DiNapoli: Capital Planning Problems Persist at NYRA
… Problems with capital planning remain for the New York Racing Association (NYRA) years after a … seeing to its most pressing capital needs.” NYRA is a not-for-profit corporation that operates New York State’s three … in the racetrack properties to New York State in return for a financial assistance package. As part of this package, …
https://www.osc.ny.gov/press/releases/2015/10/dinapoli-capital-planning-problems-persist-nyraCity of Oswego – Community Development (2015M-108)
… showing the number of jobs created by its revolving loan program and does not actively enforce the repayment of loans that become delinquent. The Department … entity. Key Recommendations Follow the Department’s loan guidelines for monitoring job creation and enforcing …
https://www.osc.ny.gov/local-government/audits/city/2015/11/20/city-oswego-community-development-2015m-108Upstate New York Company Delivers $450,000 Investment Gain To The State Pension Fund
… The New York State Common Retirement Fund"™s (Fund) investment in Canandaigua-based ClearMomentum has generated a $450,000 investment gain, New York State Comptroller Thomas P. … the Fund invests in through its In-State Private Equity Investment Program. Since its inception, the program has …
https://www.osc.ny.gov/press/releases/2015/02/upstate-new-york-company-delivers-450000-investment-gain-state-pension-fundComptroller DiNapoli Releases Municipal Audits
… York State Comptroller Thomas P. DiNapoli today announced the following local government audits have been issued. Islip Fire District – Financial Condition (Suffolk County) The board did not effectively monitor expenditures and fund balance. As a result, the unrestricted fund balance deficit increased to as much as …
https://www.osc.ny.gov/press/releases/2020/06/comptroller-dinapoli-releases-municipal-auditsOpinion 2002-15
… subsequent court cases or statutory amendments that bear on the issues discussed in the opinion. MUNICIPAL FUNDS -- Town Charges (street lighting and maintenance of town hall as townwide charges) STREETS AND HIGHWAYS -- … Whether the cost for street lighting in a town and maintaining a building used as town hall are raised …
https://www.osc.ny.gov/legal-opinions/opinion-2002-15DiNapoli: State Pension Fund Value $192 Billion
… performing pension plans in the nation and that’s great news for the more than one million men and women who …
https://www.osc.ny.gov/press/releases/2017/05/dinapoli-state-pension-fund-value-192-billionFinancial Condition and Selected Expenses
… on NYRA races (e.g., on-track, simulcast) totals about $2.3 billion. In November 2006, NYRA filed for bankruptcy due to its poor financial condition, including … obligations. In addition, a Franchise Oversight Board (FOB) was formed to oversee NYRA’s financial operations. In …
https://www.osc.ny.gov/state-agencies/audits/2016/06/10/financial-condition-and-selected-expensesOpinion 2001-15
… This opinion represents the views of the Office of the State Comptroller at the time it was rendered. The … to dissolve district when assets are sold to town) -- Property (meaning of for purpose of Town Law §198[12]) … Whether a lighting district comprised wholly of corporate and nonresidentowned property and for which …
https://www.osc.ny.gov/legal-opinions/opinion-2001-15Comptroller DiNapoli Releases Municipal Audits
… Deerpark – Budget Review (Orange County) The significant revenue and expenditure projections in the preliminary budget … Hampton – Budget Review (Suffolk County) The significant revenue and expenditure projections in the tentative budget … officials will either have to find another revenue sources or reduce appropriations accordingly. The county’s …
https://www.osc.ny.gov/press/releases/2015/11/comptroller-dinapoli-releases-municipal-audits-0Opinion 2007-4
… general fund (see Village Law §5-506[1][b]; 1996 Opns St Comp No. 96-4, p 7; 9 Opns St Comp, 1953, p 374; 5 Op St Comp, 1949, p 500; see also 1982 Opns St Comp No. 82-238, …
https://www.osc.ny.gov/legal-opinions/opinion-2007-4Hitting the Limit: The Constitutional Tax Limit and its Implications for Local Governments
New York State’s Constitutional Tax Limit (CTL) restricts the amounts local governments may raise by taxing real estate in any fiscal year.
https://www.osc.ny.gov/files/local-government/publications/pdf/ctl-implications-for-local-governments.pdf