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DiNapoli: State's Fiscal Outlook Declines
… Just a year after the Division of the Budget forecast fiscal stability and no projected … and increases in recurring spending, according to a report by State Comptroller Thomas P. DiNapoli. “The state’s fiscal … spending could help preserve the economic competitiveness of our state and avoid cuts to critical programs New Yorkers …
https://www.osc.ny.gov/press/releases/2023/07/dinapoli-states-fiscal-outlook-declinesState Comptroller DiNapoli Releases Municipal & School Audits
… include: $134,742 from a home improvement store; $25,140 from an online retailer; and $23,242 for furniture and … Dec. 31, 2021, recalculated unrestricted fund balance was $1.8 million, which was unreasonable and sufficient to cover … that the city’s adopted budget for fiscal year 2023-24 and the related justification documents are in material …
https://www.osc.ny.gov/press/releases/2023/07/state-comptroller-dinapoli-releases-municipal-school-auditsState Comptroller DiNapoli Releases Audits
… State Education Department, which oversees more than 700 school districts with 2.4 million students, did not take …
https://www.osc.ny.gov/press/releases/2023/07/state-comptroller-dinapoli-releases-auditsXVI.4.A Cash and Investments – XVI. Financial Reporting
… and Finance; and funds of the Division of the Lottery. The New York State and Local Retirement System as well as various …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xvi/xvi4a-cash-and-investmentsDiNapoli Releases Report on NYS Executive Budget
… After the disruption caused by the COVID-19 pandemic, the state’s … critical needs while improving the state’s affordability. I’m also concerned this budget again advances provisions that … growing debt burden and poor debt practices demonstrate how the state’s current statutory debt limits are too easily …
https://www.osc.ny.gov/press/releases/2024/02/dinapoli-releases-report-nys-executive-budgetDiNapoli Seeks Increased Diversity at Pension Fund's Portfolio Companies
New York State Comptroller Thomas P DiNapoli today announced a series of shareholder proposals and other initiatives as part of the New York State Common Retirement Funds Fund ongoing efforts to increase corporate accountability for progress on diversity equity and inclusion DEI issues
https://www.osc.ny.gov/press/releases/2023/02/dinapoli-seeks-increased-diversity-pension-funds-portfolio-companiesDiNapoli: Thruway Authority Toll Increases Should Be Last Option
… has proposed a multi-year schedule of systemwide toll increases to begin in 2024, but a new report from State … proposal comes at a time of extraordinary challenges for New Yorkers who are faced with rising costs for … of cashless tolling was completed in November 2020. In 2022, Thruway leadership reported this modernization …
https://www.osc.ny.gov/press/releases/2023/02/dinapoli-thruway-authority-toll-increases-should-be-last-optionDiNapoli: Problems Plague State's Rent Relief Program; Federal Funds To Help Renters at Risk
… track program progress and manage outreach. As of Aug. 12, 2021, $108.8 million has been disbursed from the Emergency … York City close to double the national average, 10.1% in June of 2021 according to the Department of Labor compared to … 30% were Hispanic, 27% were White, 20% Black and 18% Asian. The poorest households (those that earned 30% of …
https://www.osc.ny.gov/press/releases/2021/08/dinapoli-problems-plague-states-rent-relief-program-federal-funds-help-renters-riskDiNapoli: NYC DOE Faces Significant Challenges in Closing COVID Achievement Gap
… funding sources dry up at the end of fiscal year (FY) 2025. If revenues do not trend better than projected, the city may be forced to cut services or find new revenue sources or … in emergency federal funding between fiscal years 2021 and 2025, including $6.96 billion in education-related emergency …
https://www.osc.ny.gov/press/releases/2021/09/dinapoli-nyc-doe-faces-significant-challenges-closing-covid-achievement-gapCUNY Bulletin No. CU-710
… cancelled by OSC with the exception of percentage bases dues and the following: Code Description 403 CUNY 403(b) 406 …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/city-university-new-york/cu-710-cuny-2020-retroactive-2-pay-rate-increases-new-york-stateCUNY Bulletin No. CU-709
… ensure the Job Data record is updated correctly for each employee, the agency must submit all Job Action requests in … supplemental taxable income and will be included in the employee’s taxable gross subject to all employment and income … Code and the amount paid and will be displayed on the employee’s paycheck stub or direct deposit advice using the …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/city-university-new-york/cu-709-cuny-2020-retroactive-2-pay-rate-increases-internationalDiNapoli Releases Review of Executive Budget
… Although the state Division of the Budget (DOB) forecasts in the State Fiscal Year (SFY) 2022-23 Executive Budget that the budget will remain in balance for the next five years, the direction of the … P. DiNapoli. The budget also proposes billions of dollars in spending that would bypass critical oversight if enacted. …
https://www.osc.ny.gov/press/releases/2022/02/dinapoli-releases-review-executive-budgetGreen Economy Boosts Job Growth in New York
… Iwanowicz, executive director of Environmental Advocates NY . “Our laws will zero-out climate pollution, improve …
https://www.osc.ny.gov/press/releases/2022/02/green-economy-boosts-job-growth-new-yorkState Comptroller DiNapoli Releases Municipal Audits
… New York State Comptroller Thomas P. DiNapoli today announced the … two purchases totaling $175,000 were not competitively bid as required. They also determined that out of 55 …
https://www.osc.ny.gov/press/releases/2020/06/state-comptroller-dinapoli-releases-municipal-auditsDiNapoli: NYC Budget Faces Uncertainty Without More Federal Relief
… November budget update projects employment to return to 2019 levels by 2024. The projected budget gaps in fiscal … 82 percent in the first half of 2020 to $27.6 billion, the best first half since 2009. The city estimates securities … tourism is projected to decline in 2020 by two-thirds from 2019 levels, and will not fully rebound until 2024. …
https://www.osc.ny.gov/press/releases/2020/12/dinapoli-nyc-budget-faces-uncertainty-without-more-federal-reliefOpinion 2004-7
… pursuant to Village Law §§11-1116 and 11-1120, a village has several options available, including requiring outside …
https://www.osc.ny.gov/legal-opinions/opinion-2004-7DiNapoli: New York on Stronger Financial Footing
… in the strongest fiscal position in years and was able to deposit $175 million in the Rainy Day Reserve Fund for the … large sums of money outside of the budget process, have once again appeared in this year’s budget. My concern … budget balance. When the Financial Plan is updated I hope there will be more definition on how that goal will be …
https://www.osc.ny.gov/press/releases/2014/04/dinapoli-new-york-stronger-financial-footingDiNapoli Releases Analysis of SFY 2024-25 State Budget
… state services like Medicaid and school aid and includes new funding and policy changes to spur the creation of much … million comprised 1.6% of the PIT filers but paid 44.5% of New York’s PIT. They also comprised nearly three-quarters of the …
https://www.osc.ny.gov/press/releases/2024/05/dinapoli-releases-analysis-sfy-2024-25-state-budgetState Agencies Bulletin No. 2325
… inform agencies of OSC’s automatic processing of the April 2025 increases to Premium Overtime, Administrative Maintenance Pay, and Command Payment and to provide agencies instructions …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2325-april-2025-increases-premium-overtime-administrative-maintenance-payState Comptroller DiNapoli Releases Municipal Audits
… In addition, officials appropriated fund balance to balance the budgets because purported revenues were not … increase in fund balance. Furthermore, the board did not have written multiyear capital or financial plans or a … and reserve fund levels. As a result, more taxes may have been levied than were needed to fund the town’s …
https://www.osc.ny.gov/press/releases/2025/05/state-comptroller-dinapoli-releases-municipal-audits