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DiNapoli Warns of ‘Triple Threat’ of Fiscal Risks
… collections totaled $36.1 billion through the first half of New York's 2017-18 fiscal year, $386.6 million below the latest projections, largely because of lower than expected personal income tax collections, … and cuts to federal programs combine for a triple threat of budgetary risks," DiNapoli said. "Any federal funding …
https://www.osc.ny.gov/press/releases/2017/10/dinapoli-warns-triple-threat-fiscal-risksDiNapoli: Wall St. Profits on Pace to Beat 2016
… Securities industry profits totaled $12.3 billion in the first half of 2017, one-third higher than the $9.3 billion earned in the same period last year, putting Wall St. on pace for a second consecutive … Securities industry profits totaled $123 billion in the first half of 2017 onethird higher than the $93 …
https://www.osc.ny.gov/press/releases/2017/10/dinapoli-wall-st-profits-pace-beat-2016Borrowing Against Your Contributions – State Police Plan
… when borrowing against your contributions: You must be in active service and have at least one year of member … service credit. You must repay each outstanding loan in an amount sufficient to repay the loan and interest within … through payroll deductions. You may borrow only once in any 90-day period. Prior to retirement, and 30 days after …
https://www.osc.ny.gov/retirement/publications/1518/borrowing-against-your-contributions-0DiNapoli: NYC Put Federal Funds to Work Quickly To Shore Up Budget and Drive Recovery
… New York City is using the federal funds it received in the wake of the COVID-19 pandemic to replace revenue losses and mitigate negative economic … New York City is using the federal funds it received in the wake of the COVID19 …
https://www.osc.ny.gov/press/releases/2022/09/dinapoli-nyc-put-federal-funds-work-quickly-shore-budget-and-drive-recoveryDiNapoli: MTA Budget Gaps Driven By Fare Revenue Drop
… The Metropolitan Transportation Authority’s (MTA) proposal to reduce budget gaps through 2028 by an average of $915 … million annually by paying down debt raises questions on how it will find additional savings and revenue to fund operations when federal aid runs out, according to a …
https://www.osc.ny.gov/press/releases/2022/11/dinapoli-mta-budget-gaps-driven-fare-revenue-dropDiNapoli: NYC Retail Sector Battered by Pandemic
… to help these stores survive into next year and beyond.” In 2019, the city’s retail sector had 32,600 businesses that provided 344,600 jobs, paid $16 billion in total wages citywide, and contributed $55 billion in taxable sales to the city’s economy, according to …
https://www.osc.ny.gov/press/releases/2020/12/dinapoli-nyc-retail-sector-battered-pandemicDiNapoli: Medicaid Audits Find More Than $700 Million in Unnecessary Costs and Overpayments
… program that identified approximately $706.6 million in unnecessary, improper or questionable payments and made … and management controls over the state’s Medicaid program. In recent years, my auditors have identified billions of dollars in waste in the program. Our oversight of the program will …
https://www.osc.ny.gov/press/releases/2020/09/dinapoli-medicaid-audits-find-more-700-million-unnecessary-costs-and-overpaymentsDiNapoli: NYC Department of Education is Not Doing Enough to Prepare Students for Higher Education
… The NYC Department of Education (DOE) needs to step up its efforts to prepare students for their next steps after high school, according to an audit released today by State … The NYC Department of Education DOE needs to step up its efforts to prepare students for their next …
https://www.osc.ny.gov/press/releases/2022/10/dinapoli-nyc-department-education-not-doing-enough-prepare-students-higher-educationDiNapoli: State Should Improve Financial Literacy Efforts
… New York State Comptroller Thomas P. DiNapoli. The audit of five agencies, including the Department of Financial Services (DFS), the Department of State (DOS), the NYS Office for the Aging (NYSOFA), the Office of Temporary …
https://www.osc.ny.gov/press/releases/2022/09/dinapoli-state-should-improve-financial-literacy-effortsXII.8.B Matching – XII. Expenditures
… OVERVIEW AND POLICIES Matching is an automated process in the Statewide Financial System (SFS) that compares a … will help to ensure vouchers are appropriate for payment. In addition, the Office of the State Comptroller approved the use of payment tolerances in the SFS for select items to allow for slight variations in …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xii/xii8b-matchingXI-A.8 Payment Tolerances – XI-A. Purchasing
… These select items typically have contractually volatile prices, such as fuel and milk products, or slight variances … Units may not be able to accurately anticipate the prices or quantities when creating the PO. Tolerance values … made to the Director of the Bureau of State Expenditures at [email protected] . The Business Unit should provide the …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xia/xi-a8-payment-tolerancesXII.9.H Audit Recoveries – XII. Expenditures
… will continue to receive contract payments from the State in an amount sufficient to recover the alleged amount due and … the Business Unit should send notice to the contractor in the form of written correspondence that describes the … is sound and can be executed as seamlessly as possible. In addition to the consequences of offsetting contract …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xii/xii9h-audit-recoveriesDiNapoli: New York City Workforce Down Over 19,000, Largest Decline Since Great Recession
… Attrition outpaces hiring among New York City’s municipal workforce, which could have an … Recession of 2008. Despite the city hiring over 40,000 new employees in the last fiscal year, city job vacancies … service which followed. In September, the Mayor ordered New York City agencies to cut spending by 3% in FY 2023 and …
https://www.osc.ny.gov/press/releases/2022/11/dinapoli-new-york-city-workforce-down-over-19000-largest-decline-great-recessionManagement of Indoor Air Quality for Individuals With Asthma
… asthma. The COVID-19 pandemic has had significant impacts on those living with chronic diseases such as asthma. … evaluate impacts in reducing the levels of asthma in the State. The Department has not conducted an overall evaluation … assess the impact of the HNP on the asthma burden in the State. Develop an evaluation to determine the overall …
https://www.osc.ny.gov/state-agencies/audits/2022/08/02/management-indoor-air-quality-individuals-asthmaState Comptroller DiNapoli Releases Audits
… owned sewer systems that were not registered with a state alert program and were not reporting overflow events. DEC had … identified in the original audit enroll in the alert program. Department of Motor Vehicles (DMV): Assessable … Expenses of Administering the Motor Vehicles Financial Security Act and the Motor Vehicle Safety Responsibility Act …
https://www.osc.ny.gov/press/releases/2022/06/state-comptroller-dinapoli-releases-auditsComptroller DiNapoli and A.G. Schneiderman Announce Guilty Plea by Former Met Council CFO in $9M Kickback Scheme
… residents,” Attorney General Schneiderman said. “As this case has shown as much as any other, those who rip off taxpayers and … assigned to the case. Supervising Investigator Michael Ward of the Investigations Bureau is also working on the …
https://www.osc.ny.gov/press/releases/2014/05/comptroller-dinapoli-and-ag-schneiderman-announce-guilty-plea-former-met-council-cfo-9m-kickbackLinkNYC Program Revenues and Monitoring
… (DoITT) monitored the contract to ensure that Links (technologically advanced telecommunication structures) … advanced telecommunication structures, otherwise known as Links, that offer free, high-speed Internet access as well as … to the PPT rules with the same force and effect as a PPT. Links were to be built at no cost to the City and were …
https://www.osc.ny.gov/state-agencies/audits/2021/07/30/linknyc-program-revenues-and-monitoringDiNapoli: State Must Consider Pros and Cons of Gaming Revenues, Problem Gambling
… from gaming activities and problem gambling. “The lottery generates billions of dollars each year for New … for its budget and for localities through traditional lottery games, video lottery terminals (VLTs), racetrack wagering, casinos, sports …
https://www.osc.ny.gov/press/releases/2020/11/dinapoli-state-must-consider-pros-and-cons-gaming-revenues-problem-gamblingOversight of the Home Delivered Meals Program
… in that, during the face-to-face transaction with the client, providers are able to assess the client’s overall wellness and condition. Specifically, … or the provider. DFTA has a performance measure to address client complaints within 14 days of the complaint. DFTA …
https://www.osc.ny.gov/state-agencies/audits/2022/01/20/oversight-home-delivered-meals-programOpen Book New York
… Chief Financial Officer, Comptroller DiNapoli believes New Yorkers deserve to know how their tax dollars are spent. … spending priorities using the Comptroller's Open Book New York. Also see Additional Financial Information . State … state since April 1, 2012, which now includes about 17,000 new payments each day, and contains the agency submitting the …
https://www.osc.ny.gov/open-book-new-york