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DiNapoli: Brooklyn Economy Sets Records

… and the nation, and its unemployment rate has fallen to a record low, according to an economic report released today … am proud of Brooklyn because we are teaching the country how to create the 21st century economy.” "It is no surprise … that rewards creativity and innovation — and Brooklyn does just that." "It’s no surprise that Brooklyn is thriving …

https://www.osc.ny.gov/press/releases/2018/06/dinapoli-brooklyn-economy-sets-records

DiNapoli 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 … the release of the Executive Budget, provides information to assist in the evaluation of the 2016-17 proposal. “The …

https://www.osc.ny.gov/press/releases/2016/02/dinapoli-releases-executive-budget-report

NYC Finances Remain Strong But Out-Year Budget Gaps Have Grown

… New York City's economy is on pace to add more than 72,000 jobs in 2018 and the unemployment rate has fallen to 4.2 percent, the lowest level in 42 years, but financial … New York Citys economy is on pace to add more than 72000 jobs in 2018 and the unemployment rate …

https://www.osc.ny.gov/press/releases/2018/07/nyc-finances-remain-strong-out-year-budget-gaps-have-grown

Opinion 90-40

Whether a village trustee when serving as deputy mayor during the absence or inability of 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 other in his or her capacity as deputy mayor

https://www.osc.ny.gov/legal-opinions/opinion-90-40

DiNapoli Analysis Finds Worrisome, Uneven Economic Recovery Among NYC's Labor Force

… New York City lags behind the rest of the state and nation in regaining the jobs lost from … the city recovered just under 71% of jobs lost, while the rest of New York state has regained 82% of jobs. By April … unemployment rate remains substantially higher than the rest of the state and nation and higher than its pre-pandemic …

https://www.osc.ny.gov/press/releases/2022/05/dinapoli-analysis-finds-worrisome-uneven-economic-recovery-among-nycs-labor-force

DiNapoli: State Fiscal Year 2021-22 Tax Revenues $3.3 Billion Over Final Projections

… billion, exceeding prior year collections by $15.7 billion or 28.5%. PIT collections exceeded February Financial Plan … billion, exceeding the prior year total by $3.5 billion or 21.7%. Collections were $363.3 million higher than the … the PTET, annual growth would have been $2.5 billion or 28.5%. Total business tax collections exceeded the latest …

https://www.osc.ny.gov/press/releases/2022/04/dinapoli-state-fiscal-year-2021-22-tax-revenues-33-billion-over-final-projections

DiNapoli: Stable Government Funding Needed for NYC Health + Hospitals to Provide Essential Care

… provided critical financial support to New York City Health and Hospitals (H+H), but reliable funding and timely payments … provided critical financial support to New York City Health and Hospitals but reliable funding and timely payments from …

https://www.osc.ny.gov/press/releases/2021/09/dinapoli-stable-government-funding-needed-nyc-health-hospitals-provide-essential-care

DiNapoli: Wall St. Profits on Pace to Beat 2016

… Securities industry profits totaled $12.3 billion in the first half of … everyday Americans and the broader economy in harm's way." Industry performance is traditionally measured by the pretax … from wealth management was up 20 percent. The securities industry added 11,100 jobs in New York City during the past …

https://www.osc.ny.gov/press/releases/2017/10/dinapoli-wall-st-profits-pace-beat-2016

DiNapoli Releases April State Cash Report

… Thomas P. DiNapoli. "The fiscal year is off to a rocky start. Tax collections for the first month of the …

https://www.osc.ny.gov/press/releases/2017/05/dinapoli-releases-april-state-cash-report

New York's 529 College Savings Program Delivers $287 Million to College Students Since January

… since 1997. The program is overseen by DiNapoli’s office and the New York State Higher Education Services … board for students enrolled at least half time, books and supplies. There are more than 911,000 college savings …

https://www.osc.ny.gov/press/releases/2016/05/new-yorks-529-college-savings-program-delivers-287-million-college-students-january

DiNapoli: NYC Put Federal Funds to Work Quickly To Shore Up Budget and Drive Recovery

… avoid spending choices that increase budgetary gaps.” The American Rescue Plan Act of 2021 (ARPA) provided $350 billion … As noted in the Biden Administration’s May 2022 American Rescue Plan Equity Report, the prior COVID-19 relief …

https://www.osc.ny.gov/press/releases/2022/09/dinapoli-nyc-put-federal-funds-work-quickly-shore-budget-and-drive-recovery

DiNapoli: As NYC Budget Stabilizes, New Risks Emerge

… in the cost of providing services to asylum seekers, which will help balance its $116.9 billion FY 2026 budget, according to a report released today by State … million for new agency needs in FY 2026, suggesting it will again have to identify additional resources to fund …

https://www.osc.ny.gov/press/releases/2025/02/dinapoli-nyc-budget-stabilizes-new-risks-emerge

Town of Lee – Financial Management (2025M-63)

… [read complete report – pdf] Audit Objective Did the Town of Lee (Town) Town Board (Board) effectively manage the … April 25, 2025 Understanding the Audit Area A key measure of a town’s financial condition is its level of fund balance, which represents the difference between …

https://www.osc.ny.gov/local-government/audits/town/2025/09/12/town-lee-financial-management-2025m-63

DiNapoli: Tax Collector Sentenced for Dodging Her Own Tax Bills

… found that the Town Board failed to oversee the clerk’s operation by conducting annual audits. Sheppard, meanwhile, … Their response is included in the final audit report, which can be viewed here: … the public to help fight fraud and abuse. New Yorkers can report allegations of fraud involving taxpayer money by …

https://www.osc.ny.gov/press/releases/2015/10/dinapoli-tax-collector-sentenced-dodging-her-own-tax-bills

The 80/20 Housing Program (Follow-Up)

… Purpose To determine the extent of implementation of the recommendation in our initial audit report, The 80/20 … To determine the extent of implementation of the recommendation in our initial audit …

https://www.osc.ny.gov/state-agencies/audits/2018/11/13/8020-housing-program-follow

Signal Maintenance, Inspections, and Testing

… NYCT) the value of this equipment to be approximately $235 million. For example, signal relays, which are reported …

https://www.osc.ny.gov/state-agencies/audits/2018/10/17/signal-maintenance-inspections-and-testing

Selected Management and Operations Practices (Follow-Up)

… Law requires NYPA to prepare a report, at least annually, listing all personal property valued in excess of $5,000 … its government customers in New York City and Westchester County in 1990. The programs were expanded to State-operated … but not the power they actually accept. NYPA also reported job commitments and included businesses that were awarded a …

https://www.osc.ny.gov/state-agencies/audits/2018/12/11/selected-management-and-operations-practices-follow

Purchasing Practices at the Linden Plaza Mitchell-Lama Housing Development

… accordance with applicable requirements. Our audit covered the period January 1, 2016 through August 31, 2017. … 10.5 percent rent increase at Linden Plaza to be phased in over a three-year period. On June 29, 2018, management … The proposed rent increase, which would be phased in over a three-year period, is reportedly needed due to …

https://www.osc.ny.gov/state-agencies/audits/2018/09/06/purchasing-practices-linden-plaza-mitchell-lama-housing-development