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DiNapoli: NYC Financial Plan Improved From June
… to rise to $109.4 billion (adjusted from $104 billion after surplus transfers), reflecting continued improvement in … delivery amid changing staffing trends, and building up reserves should enable the city to better insulate itself … due to unanticipated federal grant funds. The plan also does not yet include more than $1.4 billion in already …
https://www.osc.ny.gov/press/releases/2022/12/dinapoli-nyc-financial-plan-improved-juneDiNapoli: Financial Plan Outlook Has Improved; State Should Now Commit to Further Increasing Reserves
… transparent and timely detailed reporting of the use and administration of federal funds is necessary. Closely monitor …
https://www.osc.ny.gov/press/releases/2021/06/dinapoli-financial-plan-outlook-has-improved-state-should-now-commit-further-increasing-reservesDiNapoli: Identity Theft Cases Surged in New York in 2020
… Identity thefts in New York surged during the pandemic with more than 67,000 … a decade earlier, according to a report released today by New York State Comptroller Thomas P. DiNapoli. The New York …
https://www.osc.ny.gov/press/releases/2021/05/dinapoli-identity-theft-cases-surged-new-york-2020DiNapoli: 33.55 Percent Annual Investment Return for New York State Pension Fund Is Largest in Its History
… percent). The Fund’s long-term expected rate of return is 6.8 percent. Historic Fund Returns and Value Fund’s value … Retirement Fund The New York State Common Retirement Fund is the third largest public pension fund in the United …
https://www.osc.ny.gov/press/releases/2021/05/dinapoli-33-point-55-percent-annual-investment-return-new-york-state-pension-fund-largest-its-historyDiNapoli: State Tax Collections Continue to Exceed Projections
… State tax receipts exceeded the Enacted Budget Financial Plan forecast by $4.8 billion from April through June, the first three months of the … State Fiscal Year 2021-22 Find out how your government money is spent at Open Book New York . Track municipal …
https://www.osc.ny.gov/press/releases/2021/07/dinapoli-state-tax-collections-continue-exceed-projectionsDiNapoli Releases State Cash Report
… higher than projections from the Enacted Budget, according to the monthly state cash report issued today by New York … General Fund and All Governmental Funds. The General Fund is the major operating fund of the state. All Governmental … as well as funds from the federal government. The report is now accessible in Excel and Adobe formats. Since becoming …
https://www.osc.ny.gov/press/releases/2015/06/dinapoli-releases-state-cash-reportDiNapoli: Audit Finds Poor Financial Management by Central New York Regional Market Authority Board
… needs $3.2 million in work. Unrealistic Budgets and Poor Payroll Monitoring: From FY 2020-21 through FY 2022-23, the … in commercial lease revenue that never materialized. Payroll expenses were 20% higher, or $369,144, over budget estimates during the period. Payroll was significantly higher than budgeted for because …
https://www.osc.ny.gov/press/releases/2024/05/dinapoli-audit-finds-poor-financial-management-central-new-york-regional-market-authority-boardDiNapoli: NYC Projects Budget Surplus For 2017, But Faces Risks With Federal Budget Cuts
… come under pressure to offset the impact with its own funds rather than allowing vital services to be cut. These estimates exclude most federal Medicaid funds, which do not flow through the city's budget. …
https://www.osc.ny.gov/press/releases/2017/05/dinapoli-nyc-projects-budget-surplus-2017-faces-risks-federal-budget-cutsDiNapoli: More School Districts Take Initial Steps to Exceed Tax Cap
… plans to override the tax cap. Property tax levy growth for school districts is capped at 0.12 percent above current levels for the 2016-17 fiscal year. “School districts are feeling … see additional districts deciding to seek voter approval for an override.” The tax cap, which first applied to local …
https://www.osc.ny.gov/press/releases/2016/03/dinapoli-more-school-districts-take-initial-steps-exceed-tax-capDiNapoli: Daughter Allegedly Stole Over $240K in Deceased Father's NYS Pension Payments
… cease upon his death. The father died in Georgia on Jan. 24, 2014, at the age of 69. His daughter did not notify the … before Judge John Reilly, and is due back in court on April 14, 2023. The charges filed in this case are merely … by filing a complaint online at https://www.osc.state.ny.us/investigations , or by mailing a complaint to: Office …
https://www.osc.ny.gov/press/releases/2023/03/dinapoli-daughter-allegedly-stole-over-240k-deceased-fathers-nys-pension-paymentsDiNapoli: Federal Aid, Increasing Tax Revenues and Savings Boost New York City's Surplus
… due to federal aid, better-than-projected tax revenues, and planned savings, according to a report released today by … The surplus could reach at least $4.5 billion if revenue and spending remain on their current tracks, according to … spending, enhance its rainy-day fund or retiree health benefits trust, or reduce future expenses in other ways. The …
https://www.osc.ny.gov/press/releases/2022/03/dinapoli-federal-aid-increasing-tax-revenues-and-savings-boost-new-york-citys-surplusDiNapoli Urges NYC to Shore Up Rainy-Day Fund
… DiNapoli urged New York City officials to better prepare for financial downturns by evaluating the city’s rainy-day reserve fund, establishing targets for how much should go into the fund each year and setting the conditions for withdrawals. His report found the city’s reserve policies …
https://www.osc.ny.gov/press/releases/2021/11/dinapoli-urges-nyc-shore-rainy-day-fundDiNapoli: Local Sales Tax Collections Up 20% in Third Quarter
… DiNapoli said. “This growth is an indicator that New York is experiencing an economic recovery, but local … such as gas stations (38%), clothing stores (35%), and restaurants and bars (34%). Increased costs for goods also …
https://www.osc.ny.gov/press/releases/2021/10/dinapoli-local-sales-tax-collections-20-third-quarterDiNapoli Issues Preliminary Analysis of 2021-22 Executive Budget
… total $5.1 billion below receipts in the previous year. All Funds disbursements would increase by $213 million (0.1 … this year, covered largely by one-time federal aid. All Funds receipts are expected to decline in the coming year …
https://www.osc.ny.gov/press/releases/2021/01/dinapoli-issues-preliminary-analysis-2021-22-executive-budgetDiNapoli: Tax Exemptions Jump While Job Gains Slow for IDA Projects
… Development Agencies (IDAs) provided $660 million in net tax exemptions in 2013, up $105 million from 2012 but estimated job gains … can be an important catalyst for economic development in our state, but I urge local officials to improve their …
https://www.osc.ny.gov/press/releases/2015/05/dinapoli-tax-exemptions-jump-while-job-gains-slow-ida-projectsDiNapoli: New York City's Budget Outlook Improves
… cost savings benefited New York City’s budget outlook for Fiscal Year (FY) 2025, but funding for education and social services remain … The January Financial Plan identified increased revenue from business, personal income, and property taxes. Tax …
https://www.osc.ny.gov/press/releases/2024/02/dinapoli-new-york-citys-budget-outlook-improvesState Agencies Bulletin No. 2159.1
… No. 2159 . Purpose: The purpose of this bulletin is to inform agencies of the procedures and provide instructions … is reportable on the employee’s Form W-2 and is subject to income and employment taxes. Effective Dates: Effective … is not considered salary for the purposes of computing retirement benefits. Employee’s Paycheck/Advice: Earnings …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/21591-procedures-reporting-taxable-value-personal-use-employer-providedDiNapoli: Local Sales Tax Collections Up 3% in Second Quarter
… compared to the same period last year, according to a report released today by State Comptroller Thomas P. … collections in June of 5.8% after April and May grew by a more modest 1.5% and 1.1%. Modest Increase for NYC: New York City’s collections moderated in the second …
https://www.osc.ny.gov/press/releases/2023/08/dinapoli-local-sales-tax-collections-3-percent-second-quarterState Agencies Bulletin No. 2159
… This bulletin is superseded by Payroll Bulletin No. 2159.1 . Purpose: The purpose of this … agencies and Pay Periods 18-Lag and 19-Current for Administration agencies to ensure the appropriate taxes are …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2159-procedures-reporting-taxable-value-personal-use-employer-providedState Agencies Bulletin No. 2059
… vehicle and chauffeur services in the New York State Payroll System (PayServ) for tax year 2022. Affected … agencies and Pay Periods 18-Lag and 19-Current for Administration agencies to ensure the appropriate taxes are …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2059-procedures-reporting-taxable-value-personal-use-employer-provided