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IRS Pension Limitation – Non-Contributory Plan with Guaranteed Benefits
… amount is set by federal law and is periodically adjusted for inflation. …
https://www.osc.ny.gov/retirement/publications/1513/irs-pension-limitationIRS Pension Limitation – Basic Plan with Increased-Take-Home-Pay (ITHP)
… 401(a)(17) limits the amount of salary that qualified pension plans, including the New York State and Local …
https://www.osc.ny.gov/retirement/publications/1511/irs-pension-limitationLocal Sales Tax Collections Grew by Over 9% in January Compared to Last Year
… billion, up $159 million compared to the same time last year. “As we head into a new year, local sales tax growth remains quite strong,” DiNapoli … over January of 2022. Every county experienced some year-over-year growth in January collections, with Delaware …
https://www.osc.ny.gov/press/releases/2023/02/dinapoli-local-sales-tax-collections-grew-over-9-percent-january-compared-last-yearUtica City School District – Financial Condition (2013M-341)
… our audit was to assess the District’s financial condition for the period July 1, 2011 through March 31, 2013. … members. The District’s general fund budgeted expenditures for the 2013-14 fiscal year are $138.8 million. Key Findings … from the prior year, the District has very little cushion for managing unforeseen events. To meet short-term cash flow …
https://www.osc.ny.gov/local-government/audits/school-district/2014/02/28/utica-city-school-district-financial-condition-2013m-341DiNapoli: Local Sales Tax Collections Up More Than 17% in November
… The next reconciliation will be reported in mid-January 2022 and will provide more information on the regional …
https://www.osc.ny.gov/press/releases/2021/12/dinapoli-local-sales-tax-collections-more-17-novemberDiNapoli: Local Sales Tax Collections in October Up Nearly 13% From 2020
… for all localities totaled more than $1.5 billion, up $175 million from October 2020. This growth continues the … increase also surpassed pre-pandemic levels and was up 7% (or nearly $101 million) over October of 2019. “Sales … consistent growth over the last few months is a positive sign of our economic recovery and life moving forward as we …
https://www.osc.ny.gov/press/releases/2021/11/dinapoli-local-sales-tax-collections-october-nearly-13-2020Capital – 2022 Financial Condition Report
… accounted for 56 percent of all capital projects spending in SFY 2021-22, up from 49.4 percent five years earlier. The … the end of SFY 2021-22, the State reported $112.2 billion in capital assets, an increase of $1.2 billion (1.1 percent) from the prior year. * Actual spending figures in this section do not include off-budget spending by public …
https://www.osc.ny.gov/reports/finance/2022-fcr/capitalIV.4.A Department Operations – Personal Service – IV. Accounting Codes - Uses and Descriptions
… pay, longevity payments, supplemental location pay, pay differentials and other negotiated payments. Temporary … pay, longevity payments, supplemental location pay, pay differentials and other negotiated payments. 50301 211/212 … pay, longevity payments, supplemental location pay, pay differentials and other negotiated payments. 50401 Student …
https://www.osc.ny.gov/state-agencies/gfo/chapter-iv/iv4a-department-operations-personal-serviceDiNapoli: Queens Economy Takes Off
… most overcrowded in the city during the 2016-2017 school year, operating at 116 percent of capacity. The Flushing area …
https://www.osc.ny.gov/press/releases/2018/05/dinapoli-queens-economy-takes-offNew York City Budget Balanced But Economic Risks Have Grown
… New York City ended fiscal year (FY) 2019 with a surplus of … in FY 2021, $2.9 billion in FY 2022 and $3.1 billion in FY 2023. The budgets for these years includes reserves of …
https://www.osc.ny.gov/press/releases/2019/08/new-york-city-budget-balanced-economic-risks-have-grownCity of Yonkers - Budget Review (B19-6-5)
… of Budget Review The purpose of our budget review was to determine whether the significant revenue and expenditure … reasonable. Background The City of Yonkers is authorized to issue debt not to exceed $45 million to liquidate current deficits in the …
https://www.osc.ny.gov/local-government/audits/city/2019/05/17/city-yonkers-budget-review-b19-6-5DiNapoli Releases Analysis of State Budget Financial and Capital Plans
… Financial Plan projects healthy growth in tax receipts and federal aid for the current fiscal year, but raises concerns … long-term balance, increasing debt and the impacts of federal policies, according to a report released today by … plan addresses risks such as downturns in tax receipts and federal aid, but other, more unpredictable impacts on state …
https://www.osc.ny.gov/press/releases/2019/07/dinapoli-releases-analysis-state-budget-financial-and-capital-plansCost-Saving Ideas: Overtime Planning and Management
… costs. Fair Labor Standards Act and the New York State Taylor Law In implementing actions relating to overtime, keep … well as collective bargaining principles under the State's Taylor Law (Civil Service Law article 14). Resources Local …
https://www.osc.ny.gov/local-government/publications/cost-saving-ideas-overtime-planning-and-managementDiNapoli: NYC Office Jobs and Space Growing Amid Record Economic Expansion
… advertising, media and information (TAMI) sector accounted for 87 percent of the growth in office jobs. Office jobs now account for 1.5 million, or approximately one-third, of the city's … (which is ranked second internationally). The demand for office space has lowered the vacancy rate in Manhattan …
https://www.osc.ny.gov/press/releases/2017/02/dinapoli-nyc-office-jobs-and-space-growing-amid-record-economic-expansionDiNapoli: Fiscal Stress Remains Low in Villages
… Stress Monitoring System has identified 22 villages in New York in some level of fiscal stress . DiNapoli’s office … grapple with the same financial pressures as our larger municipalities,” said DiNapoli. “By continuing to focus on … one village in fiscal stress in 2014; the Finger Lakes region was the only region without a village in fiscal …
https://www.osc.ny.gov/press/releases/2015/02/dinapoli-fiscal-stress-remains-low-villagesOpinion 90-26
… Opns St Comp, 1955, p 22; 13 Opns St Comp, 1957, p 160; 16 Opns St Comp 1960, p 300; 22 Opns St Comp 1966, pp 581 and …
https://www.osc.ny.gov/legal-opinions/opinion-90-26DiNapoli: Tax Exemptions Jump While Job Gains Slow for IDA Projects
… were nearly 23,000 lower than the previous year, according to a report issued today by State Comptroller Thomas P. … state's IDAs and how these entities fulfill their mission to attract, retain and expand business within their … “Although the amount of tax breaks IDAs provided to private companies noticeably increased, job gains did not …
https://www.osc.ny.gov/press/releases/2015/05/dinapoli-tax-exemptions-jump-while-job-gains-slow-ida-projectsDiNapoli Releases State Cash Report
… more than $1.5 billion in settlement dollars that are not yet appropriated. These funds should be used to fix … spending, contracts and other fiscal issues. These are easily accessible on his transparency website called Open …
https://www.osc.ny.gov/press/releases/2015/06/dinapoli-releases-state-cash-reportDiNapoli: Lack of Oversight Delayed Access to Emergency Home Repairs for Elderly New Yorkers
… program contributed to delays in urgent home repairs for seniors. The audit found the agency needs to do more to … program. “The RESTORE program has been a vital resource for seniors across our state whose homes may be at risk if … receiving no service through the program. LPAs (not-for-profit organizations and municipalities) apply to the …
https://www.osc.ny.gov/press/releases/2021/07/dinapoli-lack-oversight-delayed-access-emergency-home-repairs-elderly-new-yorkersLocal Sales Tax Collections up 10.2% in Third Quarter of 2022
… the third quarter of 2022 compared to the same period last year, mostly driven by double digit growth in New York City. … P. DiNapoli. This is the second straight quarter that year-over-year growth did not keep pace with inflation for … York City’s third quarter collections this year grew by 16.8% to $2.4 billion. Several of the city’s major service …
https://www.osc.ny.gov/press/releases/2022/10/local-sales-tax-collections-up-10-point-2-percent-in-third-quarter-2022