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Wall Street Profits for 2014 May Not Reach 2013 Level
… other noncompensation expenses in its public reports so it is not clear exactly how much they impacted profits. … York City. DiNapoli estimates that the securities industry is 15 percent smaller in New York City than before the … Six years after the financial crisis Wall Street is still dealing with the fallout. Besides the cost of legal …
https://www.osc.ny.gov/press/releases/2014/10/wall-street-profits-2014-may-not-reach-2013-levelFormer Treasurer of Putnam Engine & Hose Co. of the Port Chester Volunteer Fire Dept. Pleads Guilty to Embezzling More Than $38,000
… of 10 years in prison. The maximum potential sentence is prescribed by Congress and is provided here for informational purposes only, as the sentence will be determined by the court. Gerardi is scheduled to be sentenced on March 8, 2019. Mr. Berman …
https://www.osc.ny.gov/press/releases/2018/12/former-treasurer-putnam-engine-hose-co-port-chester-volunteer-fire-dept-pleads-guilty-embezzling-moreMedicaid Program – Oversight of Localities' Efforts to Coordinate Veterans' Health Care Benefits Under Medicaid and the U.S. Department of Veterans Affairs
… Medicaid and the U.S. Department of Veterans Affairs (VA). The audit covers the period April 1, 2008 through … are also entitled to health care benefits through the VA. While it is a veteran's choice to use a VA health care benefit or a Medicaid benefit, the Department …
https://www.osc.ny.gov/state-agencies/audits/2014/03/19/medicaid-program-oversight-localities-efforts-coordinate-veterans-health-care-benefitsDiNapoli: Some Bright Spots for NYC Finances in FY21, but Long-Term Challenges Looming
… 2021 because of better-than-projected revenues from income and corporate taxes, debt service savings from lower interest rates and a deferral of labor costs to FY 2022, but the city will … by the pandemic, but strength in the securities industry and other sectors have boosted personal income and business …
https://www.osc.ny.gov/press/releases/2021/02/dinapoli-some-bright-spots-nyc-finances-fy21-long-term-challenges-loomingDiNapoli: More School Districts Take Initial Steps to Exceed Tax Cap
… The percentage of school districts initially planning to override New York’s property tax cap in 2016-17 … left some districts with limited options. As school budget planning continues over the next few weeks, we may see … The percentage of school districts initially planning to override New Yorks property tax cap in 201617 has …
https://www.osc.ny.gov/press/releases/2016/03/dinapoli-more-school-districts-take-initial-steps-exceed-tax-capDiNapoli Audit Finds MTA Needs to Strengthen Extreme Weather Preparations
… (B&T), NYC Transit Department of Buses (Transit Bus), and MTA Bus Company (MTA Bus) need to improve their … Comptroller Thomas P. DiNapoli found a lack of maintenance and inspections of resiliency equipment, and a failure to follow weather alert procedures. “While the …
https://www.osc.ny.gov/press/releases/2025/01/dinapoli-audit-finds-mta-needs-strengthen-extreme-weather-preparationsHiring Public Retirees – When Employees Retire
… Before you hire a public retiree, you should be aware of the laws governing how … without affecting their pension. Earnings Limits For all public retirees, earnings are limited if they are returning to public employment in New York State. Public employment … Summary of laws governing postretirement public employment Sections 211 and 212 retiree earnings …
https://www.osc.ny.gov/retirement/employers/when-employees-retire/hiring-public-retireesLegal and Regulatory Authority To Do Business
… Services Administration US Department of the Treasury Not-for-Profit/Charities Registration NYS Office of Attorney … Online resources for state agencies researching a prospective vendors legal …
https://www.osc.ny.gov/state-vendors/vendrep/legal-and-regulatory-authority-do-businessDiNapoli: Tax Exemptions Jump While Job Gains Slow for IDA Projects
… issued today by State Comptroller Thomas P. DiNapoli. This is DiNapoli's eighth annual report examining the performance … over projects so that taxpayers know if their community is receiving promised jobs and economic benefits.” In 2013, … 50,000 state contracts, visit http://www.openbooknewyork.com/ . The easy-to-use website was created by DiNapoli to …
https://www.osc.ny.gov/press/releases/2015/05/dinapoli-tax-exemptions-jump-while-job-gains-slow-ida-projectsReporting Unclaimed Funds to New York State
… securities to the New York State Comptroller’s Office of Unclaimed Funds. Entities required to report and remit unclaimed funds include, for example, banks, insurance …
https://www.osc.ny.gov/unclaimed-funds/reportersIX.12.E Specific Programs Subject to CMIA – IX. Federal Grants
… subject to Subpart A (interest calculations) of the Treasury-State Agreement (TSA) that governs the State’s cash management of Federal funds. Federal Funds – …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix12e-specific-programs-subject-cmiaDiNapoli: Comcast Agrees To Disclose Political Spending
… disclosure agreements with 21 of them including Qualcomm Inc., Marriot International Inc. and PepsiCo Inc. Below is a complete listing of the companies with whom …
https://www.osc.ny.gov/press/releases/2014/04/dinapoli-comcast-agrees-disclose-political-spendingDiNapoli: Monster Beverage Needs To Diversify Board
… and racial diversity on its board. The Fund's proposal is co-sponsored by the Connecticut Retirement Plans and Trust … a board fails to be responsive to its shareholders, it is often symptomatic of larger, systemic problems in the … one diverse candidate to serve on the board since then. It is past time for Monster Beverage to follow through on its …
https://www.osc.ny.gov/press/releases/2015/01/dinapoli-monster-beverage-needs-diversify-boardGrowing Cracks in the Foundation: Local Governments Still Challenged to Keep Up with Vital Infrastructure Needs
This follow-up report expands the analysis of the previous report; updating annual local government financial data and contrasting that to the associated local
https://www.osc.ny.gov/files/local-government/publications/pdf/infrastructure2014.pdfMedicaid Program – Improper Payments to a Physical Therapist
… 1, 2010 through September 30, 2013. Background Mark Amir is a physical therapist who owns and operates Madison … Medicare and Medicaid. Under this arrangement, Medicare is the primary payer and Medicaid pays beneficiaries’ … Medicaid payments (totaling $158,990) to Mr. Amir is questionable. Key Recommendations Recover Medicaid …
https://www.osc.ny.gov/state-agencies/audits/2014/12/15/medicaid-program-improper-payments-physical-therapistDiNapoli: School District Revenue Growth Slows
… stress initiative which is focusing greater attention on the issues that contribute to the financial pressures on local governments and school districts across the state. “School districts are caught in a financial bind and are struggling for a way out,” …
https://www.osc.ny.gov/press/releases/2014/01/dinapoli-school-district-revenue-growth-slowsOther Places to Search for Unclaimed Funds
… about refunds on retirement accounts. National Registry of Unclaimed Retirement Benefits For information on unclaimed retirement account balances. Internal Revenue … of Veterans Affairs For information on insurance funds owed to certain current and former policyholders or …
https://www.osc.ny.gov/unclaimed-funds/resources/other-places-search-unclaimed-fundsImproper Medicaid Payments to Eye Care Providers
… Purpose To determine (1) whether certain eye care providers who appeared to be affiliated complied with Medicaid provider enrollment rules and (2) if Medicaid paid for improper claims billed by the eye care providers. This audit covered the period January 1, 2010 …
https://www.osc.ny.gov/state-agencies/audits/2017/10/06/improper-medicaid-payments-eye-care-providersDiNapoli: 14 School Districts Designated in Fiscal Stress
… Thomas P. DiNapoli’s Fiscal Stress Monitoring System for the school year (SY) ending on June 30, 2022, down from … This is the lowest incidence of fiscal stress recorded for schools since the system’s inception (2012-13 school … expenses. The Comptroller releases fiscal stress scores for the various categories of government three times a year. …
https://www.osc.ny.gov/press/releases/2023/01/dinapoli-14-school-districts-designated-fiscal-stressRetirement Estimates – Divorce and Your Benefits
… to: NYSLRS Equitable Distribution Estimates Unit 110 State Street Mail Drop 6-2 Albany, NY 12244-0001 Estimates for …
https://www.osc.ny.gov/retirement/members/divorce/retirement-estimates