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DiNapoli Releases Analysis of State Financial Plan, Warns of Federal Risks
… reductions in federal aid. However, it is unclear how this provision would impact the state budget as well as … certain program restructurings which result in costs being reflected as reduced receipts rather than … projected to decline to $82 million in SFY 2020-21, before rising to $490 million the following year. State-Funded debt …
https://www.osc.ny.gov/press/releases/2017/07/dinapoli-releases-analysis-state-financial-plan-warns-federal-risksDiNapoli Releases Analysis of 2023-24 Enacted State Budget
… The $229 billion Enacted Budget for State Fiscal Year (SFY) … a projected drop in revenues and as temporary federal aid is spent down, according to an analysis by State Comptroller … SFY 2023-24 General Fund spending. However, it is unclear what the state’s plans are for additional contributions to …
https://www.osc.ny.gov/press/releases/2023/05/dinapoli-releases-analysis-2023-24-enacted-state-budgetCity of Lockport – Budget Review (B20-1-9)
… firefighters. City officials told us they will hire four new firefighters each year from 2021 through 2023, but have …
https://www.osc.ny.gov/local-government/audits/city/2020/11/06/city-lockport-budget-review-b20-1-9Opinion 95-6
… This opinion represents the views of the Office of the State Comptroller at the time it was rendered. The … subsequent court cases or statutory amendments that bear on the issues discussed in the opinion. FINES AND PENALTIES …
https://www.osc.ny.gov/legal-opinions/opinion-95-6DiNapoli: Audit Shows Health Department Overpaid Certain Medicaid Managed Care Premiums
… Medicaid managed care. Medicaid pays MCOs a monthly premium payment for each enrolled Medicaid recipient and the MCOs … also contributed to the overpayments. DOH’s cost reporting instructions failed to provide clear and specific …
https://www.osc.ny.gov/press/releases/2016/10/dinapoli-audit-shows-health-department-overpaid-certain-medicaid-managed-care-premiumsDiNapoli: 82 School Districts in Fiscal Stress
… the monitoring system creates an overall fiscal stress score which classifies whether a district is in “significant … with the State Education Department as of Dec. 31, 2015. Today’s announcement does not include scores for the … (Westchester). According to a research report issued today with the fiscal stress scores, school districts found …
https://www.osc.ny.gov/press/releases/2016/01/dinapoli-82-school-districts-fiscal-stressCity of Lockport – Budget Review (B21-1-9)
… independent evaluation of the City’s proposed budget for 2022. Background Chapter 332 of the Laws of 2014, as amended … City appropriated $583,113 as a financing source in the 2022 general fund budget. For 2021, City officials project … million as of December 31, 2021, which is 27.8 percent of 2022 general fund appropriations included in the proposed …
https://www.osc.ny.gov/local-government/audits/city/2021/11/05/city-lockport-budget-review-b21-1-9DiNapoli: Municipal Spending on Infrastructure Declines While Needs Go Unmet
… well as spending restraints from the state’s property tax cap. Municipal infrastructure spending in recent years has … 50,000 state contracts, visit http://www.openbooknewyork.com/ . The easy-to-use website was created by Comptroller …
https://www.osc.ny.gov/press/releases/2014/09/dinapoli-municipal-spending-infrastructure-declines-while-needs-go-unmetDiNapoli Releases Analysis of SFY 2024-25 State Budget
… new funding and policy changes to spur the creation of much needed housing, but the state’s financial outlook … 2024-25 are projected to total $227.2 billion, a decline of $7.3 billion, or 3.1%, from the prior year. The decrease … revenue fund receipts, as well as the expected depletion of funds from the federal American Rescue Plan. In addition, …
https://www.osc.ny.gov/press/releases/2024/05/dinapoli-releases-analysis-sfy-2024-25-state-budgetDiNapoli Releases Review of Executive Budget
… Division of the Budget (DOB) forecasts in the State Fiscal Year (SFY) 2022-23 Executive Budget that the budget will … Budget has a significantly improved outlook from last year. General Fund budget gaps forecast by DOB just one year …
https://www.osc.ny.gov/press/releases/2022/02/dinapoli-releases-review-executive-budgetOpinion 88-62
… bear on the issues discussed in the opinion. MUNICIPAL FUNDS -- Capital Reserve Fund (creation of by town to finance … §6-c authorizes town boards to establish capital reserve funds for the purpose of financing all or part of the cost of …
https://www.osc.ny.gov/legal-opinions/opinion-88-62Wyandanch Union Free School District – Budget Review (B21-7-1)
… deficit in the District’s general fund as of June 30, 2019. Under Local Finance Law Section 10.10(d), when a …
https://www.osc.ny.gov/local-government/audits/school-district/2021/04/09/wyandanch-union-free-school-district-budget-review-b21-7-1State Agencies Bulletin No. 1795
… regarding the calculation process can be directed to the Payroll Retirement mailbox. … The purpose of this bulletin is …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1795-2020-tier-6-ot-limit-and-plan-year-changes-nyc-retirement-systemsCity of Troy – Budget Review (B21-5-10)
… of Troy, located in Rensselaer County, is authorized to issue debt not to exceed $24,706,000 to liquidate cumulative … requires all municipalities that have been authorized to issue obligations to fund operating deficits to submit their …
https://www.osc.ny.gov/local-government/audits/city/2021/11/04/city-troy-budget-review-b21-5-10State Comptroller DiNapoli Releases Municipal Audits
… City of Troy and the West Ghent Volunteer Fire Company . "In today's fiscal climate, budget transparency and … that the significant revenue and expenditure projections in the tentative budget were reasonable and the town's 2018 … or services that may not be for valid authority purposes. In addition, the account clerk is authorized to use their …
https://www.osc.ny.gov/press/releases/2017/11/state-comptroller-dinapoli-releases-municipal-auditsState Agencies Bulletin No. 1702
… operate on the New York State Fiscal Year (April 1st to March 31st) but should instead have a plan year that operates …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1702-2019-tier-6-ot-limit-and-plan-year-changes-nyc-retirement-systemsDiNapoli Releases Report on NYS Executive Budget
… Stronger growth is forecasted for the second half of the year, but at rates below 2023 levels. DOB projects economic … with a slight increase of 1.9% in 2025. For State Fiscal Year (SFY) 2024-25, All Funds revenues exclusive of federal … to rapidly outpace receipts throughout the five-year Financial Plan period. Over this period, General Fund …
https://www.osc.ny.gov/press/releases/2024/02/dinapoli-releases-report-nys-executive-budgetDiNapoli: Proposed Budget Holds the Line on Spending, Gives Executive Wider Discretion
… The Executive Budget holds down spending and boosts state … Nevertheless, the out-years remain a concern and there is a lack of clarity for some key spending areas. New York … few years to get its financial house in order, but there is still work to be done." The General Fund is projected to …
https://www.osc.ny.gov/press/releases/2015/02/dinapoli-proposed-budget-holds-line-spending-gives-executive-wider-discretionState Comptroller DiNapoli Releases Municipal Audits
… funds’ estimates generally varied from actual results. For example, the general town-wide and highway part-town funds …
https://www.osc.ny.gov/press/releases/2014/11/state-comptroller-dinapoli-releases-municipal-auditsCity of Olean – Budget Review (B17-1-3)
… projections in the City's preliminary budget for the 2017-18 fiscal year are reasonable, and whether the City took … our recommendations in the budget review letter issued in March 2016. Background The City of Olean, located in … fund balance to offset general fund expenditures in 2017-18, all of which will be used for recurring expenditures. …
https://www.osc.ny.gov/local-government/audits/city/2017/03/17/city-olean-budget-review-b17-1-3