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NYC Finances Remain Strong But Out-Year Budget Gaps Have Grown
… economy is on pace to add more than 72,000 jobs in 2018 and the unemployment rate has fallen to 4.2 percent, the … Thomas P. DiNapoli. "New York City's economy is robust and the fiscal year 2019 budget is balanced under current … DiNapoli said. "However, the out-year gaps have grown and there are risks that could make closing them more …
https://www.osc.ny.gov/press/releases/2018/07/nyc-finances-remain-strong-out-year-budget-gaps-have-grownDiNapoli: Brooklyn Economy Sets Records
… Employment grew faster in Brooklyn since the end of the recession than in the rest of … Comptroller Thomas P. DiNapoli. "It’s an exciting time for Brooklyn with record employment, business growth, and a budding tech sector," DiNapoli said. "Brooklyn is also home to world-class cultural and academic …
https://www.osc.ny.gov/press/releases/2018/06/dinapoli-brooklyn-economy-sets-recordsDiNapoli: Tax Collector Sentenced for Dodging Her Own Tax Bills
… a total of $4,303 in restitution for falsifying her own tax payments for at least three years until her crimes were … meanwhile, failed to pay her taxes, track other residents’ tax payments, balance the bank account or even deposit cash … monitoring of the clerk’s activities to ensure that tax collections are promptly deposited and accurately …
https://www.osc.ny.gov/press/releases/2015/10/dinapoli-tax-collector-sentenced-dodging-her-own-tax-billsOpinion 90-40
… mayor to attend a meeting of the board of trustees, may cast two votes, one in his or her capacity as trustee and the … whether voluntarily or by mandate, he has only one vote to cast. (101 NYS2d at 949-950). The court held, therefore, that … the mayor to attend a meeting of the board of trustees may cast two votes one in his or her capacity as trustee and the …
https://www.osc.ny.gov/legal-opinions/opinion-90-40DiNapoli Releases April State Cash Report
… State tax collections totaled $7.1 billion in the first month of … last year, largely driven by a decline in personal income tax (PIT) collections, according to the state cash report … P. DiNapoli. "The fiscal year is off to a rocky start. Tax collections for the first month of the fiscal year were …
https://www.osc.ny.gov/press/releases/2017/05/dinapoli-releases-april-state-cash-reportNew York's 529 College Savings Program Delivers $287 Million to College Students Since January
… New York’s 529 College Saving Program has helped New York students and families pay for more than $287 million in college-related expenses this year, New York State Comptroller Thomas P. DiNapoli said today in … New Yorks 529 College Saving Program has helped New York students and families pay for more than $287 million …
https://www.osc.ny.gov/press/releases/2016/05/new-yorks-529-college-savings-program-delivers-287-million-college-students-januaryDiNapoli: Wall St. Profits on Pace to Beat 2016
… the broker/dealer operations of New York Stock Exchange (NYSE) member firms. There are now about 130 firms, down from …
https://www.osc.ny.gov/press/releases/2017/10/dinapoli-wall-st-profits-pace-beat-2016DiNapoli: State Fiscal Year 2021-22 Tax Revenues $3.3 Billion Over Final Projections
… However, receipts in SFY 2021-22 include $16.4 billion in business tax collections from the new Pass-Through Entity Tax … in PTET proceeds. March Cash Report Track state and local government spending at Open Book New York . Under State …
https://www.osc.ny.gov/press/releases/2022/04/dinapoli-state-fiscal-year-2021-22-tax-revenues-33-billion-over-final-projectionsDiNapoli Releases Executive Budget Report
… challenges in coming years as revenue growth is expected to slow and billions of dollars in settlement money are spent, according to an analysis of the $154.6 billion Executive Budget released today by State Comptroller … The states fiscal position has improved but the state may face …
https://www.osc.ny.gov/press/releases/2016/02/dinapoli-releases-executive-budget-reportTown of Lee – Financial Management (2025M-63)
… complete report – pdf] Audit Objective Did the Town of Lee (Town) Town Board (Board) effectively manage the general …
https://www.osc.ny.gov/local-government/audits/town/2025/09/12/town-lee-financial-management-2025m-63DiNapoli: Stable Government Funding Needed for NYC Health + Hospitals to Provide Essential Care
… to New York City Health and Hospitals (H+H), but reliable funding and timely payments from all government sources is … taken steps to shore up the system’s finances, and federal funding provided critical relief when COVID first hit New … including the declining use of services, reduced federal funding and a large share of uninsured and Medicaid-insured …
https://www.osc.ny.gov/press/releases/2021/09/dinapoli-stable-government-funding-needed-nyc-health-hospitals-provide-essential-careDiNapoli Analysis Finds Worrisome, Uneven Economic Recovery Among NYC's Labor Force
… onset of the pandemic in March and April 2020, according to an analysis on the city’s labor force released by New York … intensified pre-existing inequities that left many unable to work. These issues are complex and will not be easily … study and require strong workforce development efforts to assist those disproportionally impacted by the pandemic …
https://www.osc.ny.gov/press/releases/2022/05/dinapoli-analysis-finds-worrisome-uneven-economic-recovery-among-nycs-labor-forceDiNapoli: NYC Put Federal Funds to Work Quickly To Shore Up Budget and Drive Recovery
… Coronavirus State and Local Fiscal Recovery Funds (SLFRF) for states, local and tribal governments with resources to … The U.S. Treasury Department has praised recipients for recovery strategies that prioritize urgent needs but has … investments have already begun and there is still time for recipients who have not already spent all of their funds …
https://www.osc.ny.gov/press/releases/2022/09/dinapoli-nyc-put-federal-funds-work-quickly-shore-budget-and-drive-recoveryDiNapoli: As NYC Budget Stabilizes, New Risks Emerge
… its expectations for its surplus in fiscal year (FY) 2025 to $2.34 billion, largely as a result of stronger tax … which will help balance its $116.9 billion FY 2026 budget, according to a report released today by State … Grants. Since budget adoption, the city has updated its FY 2025 projections to include $1.4 billion in higher revenues, …
https://www.osc.ny.gov/press/releases/2025/02/dinapoli-nyc-budget-stabilizes-new-risks-emergeComptroller DiNapoli and A.G. Schneiderman Announce Guilty Plea by New Jersey Woman Over Theft of More Than $162,000 in New York State Pension Benefits
… Miller, continued to cash her mother Josephine Miller’s retirement benefits until 2012, despite her mother’s death … years in state prison when she is sentenced on October 14, 2015. The Joint Task Force on Public Integrity is a … by filing a complaint online at [email protected].ny.us , or by mailing a complaint to: Office of the State …
https://www.osc.ny.gov/press/releases/2015/07/comptroller-dinapoli-and-ag-schneiderman-announce-guilty-plea-new-jersey-woman-over-theft-more-162000Comptroller DiNapoli and A.G. Schneiderman Announce Felony Conviction of Woman Who Stole over $290,000 in Deceased Mother's Benefits from the Buffalo Firemen's Pension Fund
… Pension Fund that were intended for her late mother, who died in 1983. "From the day her mother died, Pearlann MacVittie tarnished her memory by stealing … New York State and Local Retirement System. Lola Martin died on September 10, 1983. MacVittie failed to notify the …
https://www.osc.ny.gov/press/releases/2017/04/comptroller-dinapoli-and-ag-schneiderman-announce-felony-conviction-woman-who-stole-over-290000State Fiscal Year 2021-2022 Report on Preschool Special Education
The State Education Department (SED) oversees special education programs in New York State that provide services to students with a disability between the ages of 3 and 21. While most school-age students with a disability in New York receive their educational services from public school ...
https://www.osc.ny.gov/files/state-agencies/audits/pdf/seit-annual-report-2021-2022.pdfEnacted Budget Report State Fiscal Year 2023-24
Based upon the most recent Financial Plan released in conjunction with 30-Day Amendments to the Executive Budget, as well as public estimates for revenue actions included in the Enacted Budget, All Funds revenue for SFY 2023-24 is projected to total $223.9 billion.
https://www.osc.ny.gov/files/reports/budget/pdf/enacted-budget-report-2023-24.pdfAdministration and Monitoring of Financial Assistance to New York City Businesses (2021-N-6)
To determine whether the New York City Industrial Development Agency (NYCIDA) has policies and procedures in place to approve, monitor, and measure project performance and whether they were followed. We also determined whether NYCIDA recaptured public benefits in accordance with the project ...
https://www.osc.ny.gov/files/state-agencies/audits/pdf/sga-2024-21n6.pdfEnacted Budget Report State Fiscal Year 2024-25
Based upon the most recent Financial Plan released in conjunction with 30-Day Amendments to the Executive Budget, as well as public estimates for revenue actions included in the Enacted Budget, All Funds revenue for SFY 2024-25 is projected to total $227.2 billion.
https://www.osc.ny.gov/files/reports/budget/pdf/enacted-budget-report-2024-25.pdf