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June 2002: Advance Refunding Bonds
… redemption and placed in an escrow account pending the call date or maturity date of the old debt. Why do a debt … bonds, if they are callable, are subsequently (on their call date) "called" for early maturity prior to their stated … bonds on each bond maturity date rather than an earlier "call date". How is an advance refunding reported in financial …
https://www.osc.ny.gov/local-government/publications/june-2002-advance-refunding-bondsDiNapoli: Economic Snapshot Shows The Bronx Making Impressive Gains in Addressing Challenges
… said Bronx Community Board 7 Manager Ischia Bravo . "Most importantly, it puts a bullseye on the challenges we …
https://www.osc.ny.gov/press/releases/2018/07/dinapoli-economic-snapshot-shows-bronx-making-impressive-gains-addressing-challengesOpinion 88-2
… If any assessment is not paid within that thirty-day period, however, payments thereafter are subject to penalties …
https://www.osc.ny.gov/legal-opinions/opinion-88-2Existential Questions Facing National Public Transit Systems Create New Fiscal Pressures for MTA
… 3.8 billion trips across its subway, bus, and commuter railroad services. The pandemic led to a dramatic drop in … supported a relatively high farebox operating ratio – the amount that fares cover operating expenses, excluding … buses but for the Long Island Rail Road and Metro-North Railroad as well, is a challenge that will dictate the …
https://www.osc.ny.gov/reports/osdc/existential-questions-facing-national-public-transit-systems-create-new-fiscal-pressures-mtaDespite Progress, Pay Gap for Women Persists
… equal what men earned the previous year, typically falls. (In 2022, Equal Pay Day was on March 15.) In 2020, women earned 83 cents to every dollar earned by men, … data published by the U.S. Census Bureau are for 2019. 2 In that year, median earnings for men in New York working …
https://www.osc.ny.gov/reports/despite-progress-pay-gap-women-persistsOpinion 2024-1
… This opinion represents the views of the Office of the State Comptroller at the time it was rendered. The … TOWN LAW, § 198; VILLAGE LAW, § 11-1112. We are in receipt of the City of Troy’s (“City”) resolution no. 2024-127, … We are in receipt of the City of Troys City resolution no 2024127 adopted by …
https://www.osc.ny.gov/legal-opinions/opinion-2024-1Oversight of Security Expenses in Single Adult and Adult Family Homeless Shelters
To determine whether the New York City Department of Homeless Services is adequately monitoring the security expenses at single adult and adult family homeless shelters and
https://www.osc.ny.gov/state-agencies/audits/2018/05/07/oversight-security-expenses-single-adult-and-adult-family-homeless-sheltersDiNapoli: NYC Facing Larger Budget Gaps Amid Slowing Economic Growth and Rising Costs
… economic growth, rising costs and the restructuring of the funding relationship between the federal government, … at adoption. However, this total excludes $3.8 billion of FY 2026 expenses that were prepaid in FY 2025. After … on the fiscal challenges it faces nearing the middle of the fiscal year – electing not to set aside additional …
https://www.osc.ny.gov/press/releases/2025/12/dinapoli-nyc-facing-larger-budget-gaps-amid-slowing-economic-growth-and-rising-costsComptroller DiNapoli and Attorney General Underwood Announce Sentencing of Queens Pharmacy Owner for Stealing More than $1.5 Million from Medicaid
… false claims to the Medicaid program for medications that it never dispensed. The investigation uncovered that from …
https://www.osc.ny.gov/press/releases/2018/07/comptroller-dinapoli-and-attorney-general-underwood-announce-sentencing-queens-pharmacy-ownerComptroller DiNapoli and A.G. Underwood Announce Guilty Plea of Queens Pharmacy Owner for $1.5 Million Medicaid Fraud Scheme
… Pharmacy, Inc. ("Value") — a pharmacy formerly located in Corona, Queens before re-locating to its current location in Lynbrook, NY — entered felony guilty pleas in Supreme Court, Queens County admitting to defrauding the … Goldin and Value Pharmacy Inc entered felony guilty pleas in Supreme Court Queens County admitting to defrauding the …
https://www.osc.ny.gov/press/releases/2018/06/comptroller-dinapoli-and-ag-underwood-announce-guilty-plea-queens-pharmacy-owner-15-million-medicaidNYS Comptroller DiNapoli: Wall Street Profits and Bonuses Up Sharply in 2017
… rose dramatically in 2017 for the second consecutive year and the average bonus paid to industry employees in New … tax trends and includes cash bonuses for the current year and bonuses deferred from prior years that have been … rose dramatically in 2017 for the second consecutive year and the average bonus paid to industry employees in New …
https://www.osc.ny.gov/press/releases/2018/03/nys-comptroller-dinapoli-wall-street-profits-and-bonuses-sharply-2017DiNapoli: Environmental Protection Fund Spending Reflects Historic State Commitment
… oversight could be depriving the EPF of funds to which it is entitled. Improved efforts to collect the state's share …
https://www.osc.ny.gov/press/releases/2018/03/dinapoli-environmental-protection-fund-spending-reflects-historic-state-commitmentState Agencies Bulletin No. 1640
… Employees. Affected Employees Seasonal hourly employees of the Department of Environmental Conservation and the … contained in the 2016-2021 Agreements between the State of New York and the Civil Service Employees Association (CSEA) … of the fiscal year to employees who have at least 1500 hours in pay status in seasonal positions during each of the …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1640-april-2018-longevity-payment-long-term-seasonal-employeesState Agencies Bulletin No. 1508
… Purpose To provide agency instructions for processing the April 2016 Longevity Payment for Long-Term Seasonal Employees represented by the Public Employees’ Federation (PEF). Affected Employees Seasonal hourly employees of the Department of Environmental Conservation and the Office …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1508-april-2016-public-employees-federation-pef-longevity-payment-long-termWestchester Attorney Indicted for Fraud and False Statement Charges Arising From His Attempt to Embezzle From a Decedent's Estate for Which He Was Court-Appointed Administrator
… jury in White Plains, New York, returned an Indictment yesterday charging GUY PARISI, a Westchester attorney, with … as a court-appointed administrator. PARISI was arrested yesterday morning and was presented before the United States … grand jury in White Plains New York returned an Indictment yesterday charging Guy Parisi a Westchester attorney with …
https://www.osc.ny.gov/press/releases/2018/08/westchester-attorney-indicted-fraud-and-false-statement-charges-arising-his-attempt-embezzleDiNapoli: State Missing Nearly $2.4 Million in Uncollected Tolls
… to ensure that those using our bridges and tunnels are paying the required tolls and that the TBTA is collecting the … 20, 2017, found that TBTA did not maximize toll collection for a variety of reasons, including license plate images that … obtain addresses for some out-of-state drivers, resulting in potential lost revenue of $2.4 million. The lost revenue …
https://www.osc.ny.gov/press/releases/2018/07/dinapoli-state-missing-nearly-24-million-uncollected-tollsComptroller DiNapoli, A.G. Schneiderman & Acting Tax Commissioner Manion Announce $4.3 Million Settlement With Owners of For-Profit School Network for Overcharging State; Failing To Pay Taxes
… Inc.) and its president and owner Michael C. Koffler, together with his sons, Brian and Daniel Koffler, and his … Inc and its president and owner Michael C Koffler together with his sons and Sunshine Development School …
https://www.osc.ny.gov/press/releases/2016/10/comptroller-dinapoli-ag-schneiderman-acting-tax-commissioner-manion-announce-43-million-settlementState Agencies Bulletin No. 1753
… Purpose To inform agencies of OSC’s automatic processing of the new Pre-Shift Briefing calculation and the retroactive payment of Pre-Shift Briefing as a part of the 2016-2019 Retroactive Salary Increases and to provide … To inform agencies of OSCs automatic processing of the new PreShift Briefing calculation and the retroactive …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1753-changes-calculation-and-retroactive-payment-pre-shift-briefingDiNapoli: Lax Oversight of Summer Jobs and After School Programs Provider Led to Contract Violations
… Thomas P. DiNapoli. The New York City Department of Youth and Community Development (DYCD) contracted with the … (SYEP) and Comprehensive Afterschool System Program (COMPASS). Ridgewood had 27 contracts with DYCD worth $13.9 … 153 (Queens) and a $1.9 million COMPASS contract at I.S. 77 (Queens). DiNapoli’s audit found: Ridgewood repeatedly …
https://www.osc.ny.gov/press/releases/2019/06/dinapoli-lax-oversight-summer-jobs-and-after-school-programs-provider-led-contract-violationsSelected Aspects of Capital Program Project Management
… non-conformance. Insufficient contractor personnel on site: On four of our sampled projects, we determined that the … scheduled personnel were not always present at the site, with an average attendance rate as low as 52 percent on … any reason. We received no explanation for the remaining 26 missing Assessments. As a result of these deficiencies and …
https://www.osc.ny.gov/state-agencies/audits/2019/07/29/selected-aspects-capital-program-project-management