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Implications for the Future – 2023 Financial Condition Report
… recovery relative to the nation will heighten those risks. For example, nearly three years after the end of … services and other essential programs. In recent years, for example, new federal funding has helped to extend health … COVID-19 recovery funding helped support State spending for both pandemic needs and new initiatives. However, that …
https://www.osc.ny.gov/reports/finance/2023-fcr/implications-futureDiNapoli: Independent Review Finds State Pension Fund Operates at Highest Ethical and Professional Standards
… Thomas P. DiNapoli, the review concluded the Fund operates with the highest ethical standards, is in full compliance … year-out,” DiNapoli said. “This report confirms that we are meeting and exceeding standards and safeguarding the … possible. Weaver also highlighted that the Fund’s high-funded status and conservative assumed rate of return puts it …
https://www.osc.ny.gov/press/releases/2026/01/dinapoli-independent-review-finds-state-pension-fund-operates-highest-ethical-and-professionalState Comptroller DiNapoli Releases Municipal & School Audits
… funds and could not demonstrate that $8 million held in seven of these reserves was reasonable or needed. In addition, the board and district officials did not adopt a … exceeded the 4% statutory limit by $1.4 to $2.1 million. In addition, a tax certiorari reserve was improperly funded …
https://www.osc.ny.gov/press/releases/2023/06/state-comptroller-dinapoli-releases-municipal-school-audits-0DiNapoli: NYC Parks Can Do More to Correct Barriers to People With Disabilities
… we found hundreds of barriers to people with disabilities in our city parks, playgrounds and beaches,” DiNapoli said. … have been addressed long ago.” Nearly two decades ago, in December 2005, a State Comptroller’s Office audit found … did not identify and address obstacles to accessibility. In response, Parks surveyed 2,745 facilities and found …
https://www.osc.ny.gov/press/releases/2023/03/dinapoli-nyc-parks-can-do-more-correct-barriers-people-disabilitiesState Comptroller DiNapoli Releases Municipal Audits
… County) The supervisor did not maintain the town’s accounting records and reports in a complete, accurate, up-to-date or timely manner. The town’s accounting records were not reliable and $2,082,924 in … unauthorized non-revenue (lost) water, 12 percentage points above the national average. Sullivan County Funding …
https://www.osc.ny.gov/press/releases/2022/04/state-comptroller-dinapoli-releases-municipal-auditsNYS Comptroller DiNapoli: Wall Street’s 2021 Bonuses Set a New Record
… Thomas P. DiNapoli. The estimated bonuses paid out on Wall Street are higher than the city’s most recent 15.7% growth … city exceed its expected revenue from income taxes. “Wall Street’s soaring profits continued to beat expectations in … makes up three-quarters of the statewide bonus pool, Wall Street record bonuses will likely increase state tax …
https://www.osc.ny.gov/press/releases/2022/03/nys-comptroller-dinapoli-wall-streets-2021-bonuses-set-new-recordDiNapoli: Administrative Streamlining Can Strengthen Fragmented NYC Child Care Programs
… New York City’s child care services for those under the age of five, including the demand for these programs and current measures of … report analyzes NYCs child care services for those under the age of 5 including the demand for these programs + current …
https://www.osc.ny.gov/press/releases/2026/01/draft-dinapoli-administrative-streamlining-can-strengthen-fragmented-nyc-child-care-programsOversight of Adult Protective Services Programs
… Adult Protective Services activities to protect vulnerable adults. The audit covered referrals received for the period … Protective Services (APS) program to assist vulnerable adults. APS is a program of State-mandated services for adults (over age 18) who, because of mental or physical …
https://www.osc.ny.gov/state-agencies/audits/2021/11/17/oversight-adult-protective-services-programsState Agencies Bulletin No. 1945
… Compensation Cases Employees with a Workers’ Compensation injury related to an assault are entitled to two years of … absence is due to an assault-related Workers’ Compensation injury and the employee is moved to LOA/SKL after the first … Teachers still absent due to a Workers’ Compensation injury at the end of their contract year must be returned …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1945-process-changes-workers-compensation-leave-payservDebt – 2021 Financial Condition Report
… debt burden of a governmental entity creates fixed costs that directly affect its ability to provide current services, … State’s debt burden, which includes certain obligations that are not recognized within the measure of State-Supported … Five-Year Capital Program and Financing Plan projects that the State will issue 221 percent more debt than it will …
https://www.osc.ny.gov/reports/finance/2021-fcr/debtLocal Government – 2021 Financial Condition Report
… Real Property Taxes and Sales Taxes Are Major Local Revenue Sources Real property taxes remain the single largest source of local government revenue in the State, accounting for $36.6 … or 43 percent, of the $85 billion in total revenue from local fiscal years ending in 2019 (not including New York …
https://www.osc.ny.gov/reports/finance/2021-fcr/local-governmentDiNapoli: Wall Street 2022 Bonuses Fell 26% From Previous Year, Return to Pre-Pandemic Levels
… to fall as several factors weighed on the securities’ industry profitability in 2022,” DiNapoli said. “A 26% … pandemic. While lower bonuses affect income tax revenues for the state and city, our economic recovery does not depend … in leisure and hospitality, retail, restaurants and construction must continue to improve for the city and state …
https://www.osc.ny.gov/press/releases/2023/03/dinapoli-wall-street-2022-bonuses-fell-26-previous-year-return-pre-pandemic-levelsDiNapoli Expands State Pension Fund's In-State Investment Program
… an in-state-focused fund. The new fund will be managed by Hamilton Lane. Additional investors in the SBIC fund are TD … move to the next level,” said DiNapoli. “By working with Hamilton Lane, we’ve joined with five major banks to bridge … million to the program, which, combined with funding from Hamilton Lane and participating banks, will deliver $200 …
https://www.osc.ny.gov/press/releases/2015/11/dinapoli-expands-state-pension-funds-state-investment-programDiNapoli Announces State Contract and Payment Actions for April 2014
… with April Holdings LLC for the sale of 350 Carleton Ave. in the Town of Islip. Office of Parks and Recreation and …
https://www.osc.ny.gov/press/releases/2014/05/dinapoli-announces-state-contract-and-payment-actions-april-2014Employee Qualifications, Hiring, and Promotions (Follow-Up)
… on-time, reliable, and clean transportation services. Transit, an agency of the MTA, provides subway and bus … to New York City (NYC). Manhattan and Bronx Surface Transit Operation Authority (MaBSTOA), a subsidiary of Transit, operates buses in upper Manhattan and the Bronx. MTA …
https://www.osc.ny.gov/state-agencies/audits/2022/09/26/employee-qualifications-hiring-and-promotions-followDiNapoli: State is Slow in Disbursing Some Federal Relief Funds for Housing
… relief funds earmarked to alleviate the state’s affordable housing crisis, according to an audit released today by New … COVID-19 funds, delays in allocating it to specific housing projects or housing relief programs could result in funds being lost. … relief funds earmarked to alleviate the states affordable housing crisis according to an audit released today by New …
https://www.osc.ny.gov/press/releases/2022/09/dinapoli-state-slow-disbursing-some-federal-relief-funds-housingDiNapoli: Positive Fiscal Outlook for Plattsburgh
… values. From 2002 through 2008, the city’s taxable full value increased slower than other cities in New York – …
https://www.osc.ny.gov/press/releases/2014/05/dinapoli-positive-fiscal-outlook-plattsburghXVI.4.D Receivables Other Than Income Taxes and Federal Grants – XVI. Financial Reporting
… sources of State tax revenues which include personal income taxes, corporate income taxes, sales taxes and other … are recorded based on revenue the State expects to collect as a result of revenue lease contracts the State has entered … loan receivables certain factors are considered such as: What, if any, repayment agreement is on file? Are repayment …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xvi/xvi4d-receivables-other-income-taxes-and-federal-grantsState Comptroller DiNapoli Releases Municipal Audits
… interest existed. Auditors found no competition was sought for professional services. Officials paid the 12 providers … contracting with the company for about 10 years. City of Glen Cove Industrial Development Agency – Project Approval and …
https://www.osc.ny.gov/press/releases/2021/07/state-comptroller-dinapoli-releases-municipal-audits-2Oversight of Selected Aspects of Traffic Controls
… Objectives To determine whether the New York City Department of Transportation (Department) is monitoring and evaluating traffic flow at intersections and whether the Department took action to improve safe traffic and pedestrian … To determine whether the New York City Department of Transportation Department is monitoring and …
https://www.osc.ny.gov/state-agencies/audits/2020/09/30/oversight-selected-aspects-traffic-controls