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NYC Finances Remain Strong But Out-Year Budget Gaps Have Grown
… percent, the lowest level in 42 years, but financial risks for the city persist, according to a report released today by … health insurance savings. While the potential budget gap for FY 2020 is sizable, the city has a year to close it. In … The financial plan also does not reflect the potential for future federal or state budget cuts. Growing federal …
https://www.osc.ny.gov/press/releases/2018/07/nyc-finances-remain-strong-out-year-budget-gaps-have-grownDiNapoli: Brooklyn Economy Sets Records
… Employment grew faster in Brooklyn since the end of the recession than in the rest … the fastest-growing and highest paying employment sectors in Brooklyn. Since 2009, employment has grown by 57 percent, … Employment grew faster in Brooklyn since the end of the recession than in the rest …
https://www.osc.ny.gov/press/releases/2018/06/dinapoli-brooklyn-economy-sets-recordsDiNapoli: Tax Collector Sentenced for Dodging Her Own Tax Bills
… Former DePeyster Town Clerk Michelle Sheppard was sentenced to five years probation and paid a total of $4,303 in … sentenced Sheppard based on her August guilty plea to two counts of attempted tampering with public records, an … years ago if the Town Board inspected the books. Thanks to our partnership with St. Lawrence County District Attorney …
https://www.osc.ny.gov/press/releases/2015/10/dinapoli-tax-collector-sentenced-dodging-her-own-tax-billsOpinion 90-40
… trustee) VILLAGE LAW, §4-400(1)(a): A village trustee who is also deputy mayor does not vote both in his or her … mayor, "during the absence or inability of the mayor, is vested with all the powers and may perform all the duties … added]). The quoted paragraph from section 4-400(1)(a) is identical to language in section 88 of the former Village …
https://www.osc.ny.gov/legal-opinions/opinion-90-40DiNapoli Releases April State Cash Report
… a decline of $1.1 billion or 13.1 percent from the same period last year, largely driven by a decline in personal … or 10.9 percent, higher than last year for the same period. Significant increases include spending for Medicaid … year a decline of $11 billion or 131 percent from the same period last year largely driven by a decline in personal …
https://www.osc.ny.gov/press/releases/2017/05/dinapoli-releases-april-state-cash-reportNew York's 529 College Savings Program Delivers $287 Million to College Students Since January
… Program, designed to help parents save for college, is tax-advantaged and has been available since 1997. The … as one of the best in the nation by savingforcollege.com. For more information about the program, click here or … Plan disclosure booklet or go to: http://cdn.unite529.com/jcdn/files/NYD/pdfs/DisclosureBooklet.pdf. …
https://www.osc.ny.gov/press/releases/2016/05/new-yorks-529-college-savings-program-delivers-287-million-college-students-januaryDiNapoli: Wall St. Profits on Pace to Beat 2016
… the broker/dealer operations of New York Stock Exchange (NYSE) member firms. There are now about 130 firms, down from …
https://www.osc.ny.gov/press/releases/2017/10/dinapoli-wall-st-profits-pace-beat-2016DiNapoli: State Fiscal Year 2021-22 Tax Revenues $3.3 Billion Over Final Projections
… from May 2021. “The state ended the fiscal year in a good position due to higher than projected receipts and lower …
https://www.osc.ny.gov/press/releases/2022/04/dinapoli-state-fiscal-year-2021-22-tax-revenues-33-billion-over-final-projectionsDiNapoli Releases Executive Budget Report
… this fiscal year to 3.4 percent next fiscal year. By March 31, 2017, the General Fund balance is projected to be … statutory debt limit will drop to $189 million as of March 31, 2020 in the Updated Financial Plan. State-supported …
https://www.osc.ny.gov/press/releases/2016/02/dinapoli-releases-executive-budget-reportTown of Lee – Financial Management (2025M-63)
… or revenue shortfalls, enabling town officials to continue providing necessary services during times of … uncertainty. It is a town board’s (board) responsibility to determine what is a reasonable level after considering … of reserve funds. The board should manage fund balance to help ensure levels do not exceed a reasonable amount and …
https://www.osc.ny.gov/local-government/audits/town/2025/09/12/town-lee-financial-management-2025m-63DiNapoli: Stable Government Funding Needed for NYC Health + Hospitals to Provide Essential Care
… most vulnerable, puts the system under constant financial pressure. The pandemic has only added to that challenge,” … and attracting and keeping patients. The pandemic put more pressure than ever on H+H and strained physical and staff … $590 million in FEMA reimbursement have created financial pressure. While these funds have received preliminary …
https://www.osc.ny.gov/press/releases/2021/09/dinapoli-stable-government-funding-needed-nyc-health-hospitals-provide-essential-careDiNapoli Analysis Finds Worrisome, Uneven Economic Recovery Among NYC's Labor Force
… New York City lags behind the rest of the state and nation in … to an analysis on the city’s labor force released by New York State Comptroller Thomas P. DiNapoli today. By March … recovered just under 71% of jobs lost, while the rest of New York state has regained 82% of jobs. By April 2022, the …
https://www.osc.ny.gov/press/releases/2022/05/dinapoli-analysis-finds-worrisome-uneven-economic-recovery-among-nycs-labor-forceDiNapoli: NYC Put Federal Funds to Work Quickly To Shore Up Budget and Drive Recovery
… New York City is using the federal funds it received in the wake of the COVID-19 pandemic to … the shifting fiscal environment to use any remaining funds in ways that continue to boost recovery and avoid … billion in Coronavirus State and Local Fiscal Recovery Funds (SLFRF) for states, local and tribal governments with …
https://www.osc.ny.gov/press/releases/2022/09/dinapoli-nyc-put-federal-funds-work-quickly-shore-budget-and-drive-recoveryDiNapoli: As NYC Budget Stabilizes, New Risks Emerge
… New York City increased its expectations for its surplus in fiscal year (FY) 2025 to $2.34 billion, … seekers, which will help balance its $116.9 billion FY 2026 budget, according to a report released today by State … New York City shore up its finances and close a budget gap for the coming fiscal year,” DiNapoli said. “However, given …
https://www.osc.ny.gov/press/releases/2025/02/dinapoli-nyc-budget-stabilizes-new-risks-emergeState Fiscal Year 2021-2022 Report on Preschool Special Education
The State Education Department (SED) oversees special education programs in New York State that provide services to students with a disability between the ages of 3 and 21. While most school-age students with a disability in New York receive their educational services from public school ...
https://www.osc.ny.gov/files/state-agencies/audits/pdf/seit-annual-report-2021-2022.pdfEnacted Budget Report State Fiscal Year 2023-24
Based upon the most recent Financial Plan released in conjunction with 30-Day Amendments to the Executive Budget, as well as public estimates for revenue actions included in the Enacted Budget, All Funds revenue for SFY 2023-24 is projected to total $223.9 billion.
https://www.osc.ny.gov/files/reports/budget/pdf/enacted-budget-report-2023-24.pdfAdministration and Monitoring of Financial Assistance to New York City Businesses (2021-N-6)
To determine whether the New York City Industrial Development Agency (NYCIDA) has policies and procedures in place to approve, monitor, and measure project performance and whether they were followed. We also determined whether NYCIDA recaptured public benefits in accordance with the project ...
https://www.osc.ny.gov/files/state-agencies/audits/pdf/sga-2024-21n6.pdfEnacted Budget Report State Fiscal Year 2024-25
Based upon the most recent Financial Plan released in conjunction with 30-Day Amendments to the Executive Budget, as well as public estimates for revenue actions included in the Enacted Budget, All Funds revenue for SFY 2024-25 is projected to total $227.2 billion.
https://www.osc.ny.gov/files/reports/budget/pdf/enacted-budget-report-2024-25.pdfCustodial Service Contract Procurement and Oversight (2020-N-8) 180-Day Response
To determine whether the selected New York City Department of Education contracting practice was effective in procuring the custodial service contracts it has in effect for the 2017–2020 and 2021–2028 fiscal years at the lowest available price, while maintaining the quality of service.
https://www.osc.ny.gov/files/state-agencies/audits/pdf/sga-2022-20n8-response.pdfCustodial Service Contract Procurement and Oversight (2020-N-8)
To determine whether the selected New York City Department of Education contracting practice was effective in procuring the custodial service contracts it has in effect for the 2017–2020 and 2021–2028 fiscal years at the lowest available price, while maintaining the quality of service.
https://www.osc.ny.gov/files/state-agencies/audits/pdf/sga-2022-20n8.pdf