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NYC Finances Remain Strong But Out-Year Budget Gaps Have Grown
… and higher tax revenues. Tax receipts exceeded the city's forecast at the beginning of FY 2018 by $2.2 billion, driven … years. If unneeded, these resources could be used to help close the projected gaps. Since the release of its … insurance savings during the financial plan period to help fund the 2017-2021 round of bargaining. If the economic …
https://www.osc.ny.gov/press/releases/2018/07/nyc-finances-remain-strong-out-year-budget-gaps-have-grownDiNapoli: Tax Collector Sentenced for Dodging Her Own Tax Bills
… to five years probation and paid a total of $4,303 in restitution for falsifying her own tax payments for at least three years until her crimes were exposed in an audit and investigation by State Comptroller Thomas P. … to five years probation and paid a total of $4303 in restitution for falsifying her own tax payments for at …
https://www.osc.ny.gov/press/releases/2015/10/dinapoli-tax-collector-sentenced-dodging-her-own-tax-billsOpinion 90-40
… as "deputy village mayor" by chapter 60 of the Laws of 1966. Accordingly, based on the foregoing, we conclude that a …
https://www.osc.ny.gov/legal-opinions/opinion-90-40DiNapoli Releases April State Cash Report
… the financial plan going forward. Through April 30, All Funds receipts totaled $12.1 billion, a decline of $845.1 … the filing of their federal and state tax returns. All Funds spending totaled $11.7 billion through the first month, … focuses primarily on the General Fund and All Governmental Funds. The General Fund is the major operating fund of the …
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
… 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 recognition of 529 College Savings Day to be celebrated on … helped New York students and families pay for more than $287 million in collegerelated expenses this year New York …
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 … profits are being driven by higher revenues. Revenue from trading and underwriting rose 29 percent in the first half of …
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
… $3.3 billion higher than forecast by the Division of the Budget (DOB) in the Amended Executive Budget financial … projections. PTET proceeds are expected by the Division of the Budget to be offset by lower personal income tax (PIT) … were made to the rainy-day fund reserves to set aside some of the state’s gains. Following through with plans to …
https://www.osc.ny.gov/press/releases/2022/04/dinapoli-state-fiscal-year-2021-22-tax-revenues-33-billion-over-final-projectionsTown of Lee – Financial Management (2025M-63)
… Town Board (Board) effectively manage the general and highway fund balances? Audit Period December 31, 2021 – April … being withheld from productive use. The Town’s general and highway funds had a total of $8.3 million in fund balance as … 2024 ($8 million in the general fund and $300,000 in the highway fund). Appropriations in the Town’s 2025 budget …
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
… through its transformation plan. Since 2015, H+H has been introducing initiatives as part of this plan to reduce costs … response will reach $2 billion through fiscal year (FY) 2022, excluding $3 billion in costs for the Test & Trace … support to H+H is projected to exceed $2 billion in FYs 2022 through 2025, as compared to $1.3 billion annually …
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
… vs. 54.5%) as more women sought employment. Female and male workers with children each dropped over 1 point in their … employed (up 1.7 points to 64%) from 2019 to 2021 than male workers (down 4.2 points to 87.5%). The unemployment rate for Black male workers in the city increased in the two years prior to …
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
… City is using the federal funds it received in the wake of the COVID-19 pandemic to replace revenue losses and … increase budgetary gaps.” The American Rescue Plan Act of 2021 (ARPA) provided $350 billion in Coronavirus State and … other local governments across the country used the first of two partial payments of these funds, totaling nearly $224 …
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
… City increased its expectations for its surplus in fiscal year (FY) 2025 to $2.34 billion, largely as a result of … seekers, which will help balance its $116.9 billion FY 2026 budget, according to a report released today by State … its finances and close a budget gap for the coming fiscal year,” DiNapoli said. “However, given recent uncertainty …
https://www.osc.ny.gov/press/releases/2025/02/dinapoli-nyc-budget-stabilizes-new-risks-emergeDiNapoli Releases Executive Budget Report
… Governor and the Legislature, legal settlements and robust tax revenues this year,” DiNapoli said. “Yet structural … on campaign contributions. Fiscal Position Growth in tax collections and lower-than-anticipated spending through … The Division of the Budget (DOB) projects that growth in tax receipts will slow from 5.7 percent this fiscal year to …
https://www.osc.ny.gov/press/releases/2016/02/dinapoli-releases-executive-budget-reportComptroller 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
… benefits until 2012, despite her mother’s death in 2006. Linda Miller pleaded guilty to 3rd degree Grand … Port Authority of New York & New Jersey. Miller died in 2006, with no survivor designated to receive benefits. … years in state prison when she is sentenced on October 14, 2015. The Joint Task Force on Public Integrity is a …
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
… Pearlann MacVittie, was the widow of Buffalo fireman William J. Martin. After her husband's death, Lola Martin was … under the supervision of Supervising Investigator Richard Doyle and Deputy Bureau Chief Antoine Karam. The …
https://www.osc.ny.gov/press/releases/2017/04/comptroller-dinapoli-and-ag-schneiderman-announce-felony-conviction-woman-who-stole-over-290000New York State Comptroller DiNapoli and New York City Retirement Systems and Pension Funds Announce Appointment as Lead Plaintiffs in Wynn Resorts Shareholder Lawsuit
… have been appointed co-lead plaintiffs in a derivative lawsuit filed against certain officers and directors of Wynn … have been appointed colead plaintiffs in a derivative lawsuit filed against certain officers and directors of Wynn …
https://www.osc.ny.gov/press/releases/2018/05/new-york-state-comptroller-dinapoli-and-new-york-city-retirement-systems-and-pension-funds-announceState 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