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Opinion 93-8
… Rate Obligations (propriety of including a provision to increase the interest rate due to change in law) LOCAL … new rate. You have asked whether a variable rate bond or note issued pursuant to Local Finance Law, §54.90 may provide … an amount that varies from holder to holder according to how the change in Federal or State law affects the holder's …
https://www.osc.ny.gov/legal-opinions/opinion-93-8DiNapoli: NYC Financial Plan Improved From June
… New York City’s fiscal year (FY) 2023 budget is projected to rise to $109.4 billion … also took steps to manage expenses in the current fiscal year, adding just $205 million in new needs and implementing … anticipates setting aside a surplus of $705 million this year to use for prepayments of liabilities in FY 2024. The …
https://www.osc.ny.gov/press/releases/2022/12/dinapoli-nyc-financial-plan-improved-juneDebt – 2022 Financial Condition Report
… These ratings are one to two steps below the highest investment grade ratings. In April 2022, Moody’s upgraded the … pricing. Higher ratings provide greater confidence to the investment community that the issuer is willing and able to …
https://www.osc.ny.gov/reports/finance/2022-fcr/debtDiNapoli: Monster Beverage Needs To Diversify Board
… on plans to increase diversity, which was also filed last year, asks that the board describe what steps it has taken or … – urged shareholders to support DiNapoli’s proposal last year and weighed in on the lack of diversity at Monster …
https://www.osc.ny.gov/press/releases/2015/01/dinapoli-monster-beverage-needs-diversify-boardHow Contribution Rates Are Determined – What Every Employer Should Know
… pay benefits as they become due using demographic (rates of employee mortality, disability, turnover and retirement) … all current and future benefits (actuarial liabilities). Some of the factors used to determine the value of future … salary and service amounts Probabilities of disability, withdrawal and retirement Life expectancies Inflation for …
https://www.osc.ny.gov/retirement/employers/partnership/how-contribution-rates-are-determinedRochester City School District – Budget Review (B20-2-5)
Provide an independent evaluation of the Rochester City School Districts District proposed budget for the 202021 fiscal year
https://www.osc.ny.gov/local-government/audits/school-district/2020/06/05/rochester-city-school-district-budget-review-b20-2-5NYSLRS Fact Sheet
… on the payroll of a participating employer as of fiscal year end) 677,604 (95%) of members are ERS (73% of ERS … PFRS. Benefits Paid and Contributions (for State fiscal year end March 31, 2024) Benefits paid out: $16.1 billion Employer contributions: $5.1 billion State …
https://www.osc.ny.gov/retirement/resources/nyslrs-fact-sheetState Police Bulletin No. SP-193
… Purpose To notify agencies of an increase in dues for PBA of the NYS Troopers, Inc. Affected Employees Employees in Bargaining Units 07 and 17 represented by the PBA of the … At the request of the PBA, OSC has implemented a change in dues for employees in Bargaining Units 07 and 17. The new …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-police/sp-193-police-benevolent-association-pba-new-york-state-troopers-inc-duesLeaves of Absence – En-Con Police Officers Plan
… service is usually not credited for any period of time you do not receive a salary, credit is not given for: Leaves of …
https://www.osc.ny.gov/retirement/publications/1822/leaves-absenceCity of Lockport -- Budget Review (B1-15-20)
… City to issue debt to liquidate the accumulated deficits in the City’s general, water and sewer funds as of December … found the significant revenue and expenditure projections in the preliminary budget are reasonable. The proposed budget … not include a tax overlay, which could create a shortfall in 2016. The overtime appropriation in the proposed budget is …
https://www.osc.ny.gov/local-government/audits/city/2015/11/04/city-lockport-budget-review-b1-15-20State Comptroller Thomas P. DiNapoli Statement on State Budget for State Fiscal Year 2023-24
… Operating Funds, consistent with recommendations I have long advocated. The budget also makes statutory changes that … statutory, rather than informal, reserves. This will help New York catch up with other states in preparing for economic and …
https://www.osc.ny.gov/press/releases/2023/05/state-comptroller-thomas-p-dinapoli-statement-state-budget-state-fiscal-year-2023-24Central Islip Union Free School District – Financial Management (2013M-380)
… realistic estimates for revenues and expenditures based on all information available at the time the budget is …
https://www.osc.ny.gov/local-government/audits/school-district/2014/03/21/central-islip-union-free-school-district-financial-management-2013m-380CUNY Bulletin No. CU-782
… updated as provided below. Job Title Bargaining Unit New Biweekly Rate Assistant Chief Architect TG $37.01 …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/city-university-new-york/cu-782-district-council-37-dc37-local-375-dues-increaseDivision of Housing and Community Renewal Bulletin No. DH-53
… Employees in graded positions (Grades 001-032) and NS (Grade 600) positions which are equated to grade are eligible … (5) or more years of continuous service* at a base annual salary equal to or greater than the Job Rate for the … a position that has been previously reallocated, whose salary was equal to or greater than the Job Rate of the lower …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/housing-and-community-renewal/dh-53-october-2011-rent-regulation-services-unit-rrsuLeaves of Absence – Regional State Park Police Plan
… Act. Workers’ Compensation You will usually receive up to one year of service credit per incident for time spent on …
https://www.osc.ny.gov/retirement/publications/1867/leaves-absenceDiNapoli Releases October State Cash Report
… Total state receipts through the first seven months of the fiscal … percent or $204.9 million from the previous year. Business taxes totaled $3.9 billion through Oct. 31 and were 1.7 … from the prior month. The cash report focuses primarily on the General Fund and All Governmental Funds. The General …
https://www.osc.ny.gov/press/releases/2015/11/dinapoli-releases-october-state-cash-reportCity of Yonkers – Budget Review (B20-6-4)
… sales, utilities gross receipts and consumer protection bureau may not be achievable. The City will incur additional … sales, utilities gross receipts and consumer protection bureau and amend as necessary. Adjust the appropriation for …
https://www.osc.ny.gov/local-government/audits/city/2020/05/21/city-yonkers-budget-review-b20-6-4DiNapoli Releases April State Cash Report
… "The fiscal year is off to a rocky start. Tax collections for the first month of the fiscal year were nearly $1 billion … from payments made with annual tax returns and requests for filing extensions as well as an increase in refunds. The … $1.1 billion, or 10.9 percent, higher than last year for the same period. Significant increases include spending …
https://www.osc.ny.gov/press/releases/2017/05/dinapoli-releases-april-state-cash-reportDiNapoli: NYC Budget Benefits From Stronger Economy
… budget gap and narrow the out-year budget gaps, according to an analysis of the city’s financial plan released today by … setback increases with each year,” DiNapoli said. “To his credit, Mayor de Blasio has taken steps to increase the city’s reserves, which would cushion the …
https://www.osc.ny.gov/press/releases/2015/03/dinapoli-nyc-budget-benefits-stronger-economyDiNapoli: Nurse Hiring Improves but Temp Staff Costs Remain Elevated at NYC Health + Hospitals
… staff, despite hiring over 1,660 new nurses in city fiscal year (CFY) 2024, according to a new report released today by … workforce growth projections of 195,000 new positions a year. One factor impacting the number of nursing school … than any other health system in New York City. This year, CUNY unveiled a new Nursing Education, Research and …
https://www.osc.ny.gov/press/releases/2024/11/dinapoli-nurse-hiring-improves-temp-staff-costs-remain-elevated-nyc-health-hospitals