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NYS Comptroller DiNapoli Statement on Major Support for Racial Equity Audit at Amazon
… disclosure of vote results from its annual meeting on Wednesday. DiNapoli and the New York State Common … from 44.18% of Amazon shareholders, an immense success for a first-time proposal. If CEO Jeff Bezos’ shares (70,616,270 … State Common Retirement Fund is the third largest public pension fund in the United States with estimated assets of …
https://www.osc.ny.gov/press/releases/2021/05/nys-comptroller-dinapoli-statement-major-support-racial-equity-audit-amazonMount Sinai Fire District - Financial Condition and Price Quotations for Purchases (2019M-83)
… Determine if the District is seeking competition for purchases that are under the bidding threshold. Key … balance. District officials did not always seek quotations for purchases under the bidding threshold. Key Recommendations Adopt financial plans for the maintenance of a reasonable level of fund balance, …
https://www.osc.ny.gov/local-government/audits/fire-district/2019/08/23/mount-sinai-fire-district-financial-condition-and-price-quotationsTown of Charlton – Internal Controls Over Billed Receivables for Water Operations (2014M-28)
… through August 31, 2013. Background The Town of Charlton is located in Saratoga County and is governed by an elected five-member Town Board and has a …
https://www.osc.ny.gov/local-government/audits/town/2014/05/09/town-charlton-internal-controls-over-billed-receivables-water-operations-2014m-28UnitedHealthcare – Overpayments for Out-of-Network Anesthesia Services Provided at In-Network Ambulatory Surgery Centers (Follow-Up)
… Centers (Report 2017-S-35 ). About the Program The New York State Health Insurance Program (NYSHIP) covers over 1.2 …
https://www.osc.ny.gov/state-agencies/audits/2019/11/18/unitedhealthcare-overpayments-out-network-anesthesia-services-provided-network-ambulatoryDiNapoli: Local Sales Tax Collections Down 3.9 Percent for First Quarter of 2021
… Sales tax revenue for local governments in New York State declined by 3.9 … many people stayed home to avoid infection. Collections for the first quarter of 2021 increased compared to the first … payments and public authority data. Visit the Reading Room for contract FOIL requests, bid protest decisions and …
https://www.osc.ny.gov/press/releases/2021/04/dinapoli-local-sales-tax-collections-down-3-point-9-percent-first-quarter-2021DiNapoli: Finger Lakes Group Homes Overpaid for Food and Supplies, Wasting Taxpayer Money
… The state’s Office for People with Developmental Disabilities’ Finger Lakes … Office (DDSO) skirted state procurement laws for more than 1,400 purchases worth more than $1 million, gave one vendor … with developmental disabilities living in 150 group homes across eight counties. Employees at each group home …
https://www.osc.ny.gov/press/releases/2015/06/dinapoli-finger-lakes-group-homes-overpaid-food-and-supplies-wasting-taxpayer-moneyDiNapoli: Waiving Waiting Period for Public Workers' Retirement Protects Families During Pandemic Crisis
… Order waiving the statutory 15-day waiting period before a public employee’s service retirement can take effect. … state's 170,000 contracts, billions in state payments and public authority data. Visit the Reading Room for contract … Executive Order waiving the 15day waiting period before a public employees service retirement can take effect …
https://www.osc.ny.gov/press/releases/2020/04/dinapoli-waiving-waiting-period-public-workers-retirement-protects-families-during-pandemic-crisisDiNapoli: NYC Tax Collections Expected to Fall for First Time Since Great Recession
… The city now forecasts its economy will shrink by 12.9 percent in 2020, according to a report released today by … Mayor de Blasio released his executive budget for FY 2021 and a revised financial plan. The plan assumes that the … $4.7 billion in the Retiree Health Benefits Trust. In January the city drew down its reserves by $1.1 billion, and …
https://www.osc.ny.gov/press/releases/2020/05/dinapoli-nyc-tax-collections-expected-fall-first-time-great-recessionDiNapoli: Unrestricted State Aid for Local Governments Failed to Keep Up With Inflation
… Unrestricted state aid for cities, towns and villages has remained flat or declined … the state’s real property tax cap was enacted. Because this aid can be used by municipalities for any governmental … 2012, AIM funding was held flat for most municipalities. In SFY 2020, funding was eliminated for most towns and …
https://www.osc.ny.gov/press/releases/2022/02/dinapoli-unrestricted-state-aid-local-governments-failed-keep-inflationDiNapoli Calls for NYC to Bolster Reserves as Economy Rebounds Amid Rising Spending
… will fund about $2 billion more in spending (excluding funds set aside for reserves) than was planned in the …
https://www.osc.ny.gov/press/releases/2021/08/dinapoli-calls-nyc-bolster-reserves-economy-rebounds-amid-rising-spendingCourt-Appointed Executor of Decedent’s Estate Sentenced to Two Years in Prison for Embezzlement
… Bayard was appointed administrator of the estate of a former resident of Mt. Vernon by the Surrogate’s Court in … duty to the estate and to the decedent’s son, the sole beneficiary of his father’s will. New York law provides for a …
https://www.osc.ny.gov/press/releases/2019/10/court-appointed-executor-decedents-estate-sentenced-two-years-prison-embezzlementDiNapoli: Two Arrested for Stealing More Than $200,000 From 86-Year-Old State Pensioner
… aware of suspicious financial transactions in the victim’s account, the victim’s son and daughter-in-law reached out to … Security Income (SSI) were deposited into the victim’s account. The investigation revealed that the defendants … than $200,000 in cash withdrawals. In addition, a CashApp account was opened in the victim’s name without the victim’s …
https://www.osc.ny.gov/press/releases/2024/05/dinapoli-two-arrested-stealing-more-200000-86-year-old-state-pensionerNY State Comptroller DiNapoli Announces Responsible Workforce Management Policy for Private Equity Investments
… fair compensation, and skills development and training. A diverse, reasonably compensated, and well-trained workforce … of limited partners in private equity funds, including pension funds, endowments, and multiemployer benefit trust … the policy with existing managers and engage with them on these important principles. The Fund’s due diligence …
https://www.osc.ny.gov/press/releases/2024/04/ny-state-comptroller-dinapoli-announces-responsible-workforce-management-policy-private-equityDiNapoli: Environmental Facilities Corporation Faces Significant Funding Backlog for Essential Water Infrastructure Projects
… New York State’s Environmental Facilities Corporation (EFC) has … serves a critical role in financing improvements to New York’s water infrastructure,” DiNapoli said. “New York …
https://www.osc.ny.gov/press/releases/2024/04/dinapoli-environmental-facilities-corporation-faces-significant-funding-backlog-essential-waterDiNapoli: Two Capital Region Residents Indicted for $1 Million Medicaid Transportation Fraud Scheme
… LLC, Philip Mtui and Mbaga Kaiza, were indicted for their alleged role in a scheme to steal more than $1 … from Medicaid by filing false and inflated reimbursements for transportation services, New York State Comptroller … have gone to legitimate health care needs and services for vulnerable New Yorkers. Our joint investigation will …
https://www.osc.ny.gov/press/releases/2024/03/dinapoli-two-capital-region-residents-indicted-1-million-medicaid-transportation-fraud-schemeDiNapoli: NYC Emergency Management Failing to Ensure the City is Prepared for Disasters
… that it and other city agencies have taken. As of March 10, 2022, NYCEM had 755 hazard mitigation actions listed as … looked at 14 mitigation actions — four led by NYCEM and 10 led by other agencies to check if the reported data was … NYCEM officials reached out at the request of auditors to 10 city agencies for documentation to support their …
https://www.osc.ny.gov/press/releases/2022/10/dinapoli-nyc-emergency-management-failing-ensure-city-prepared-disastersDiNapoli: Three Arrested for Scheme to Steal Unclaimed Funds from New York State
… charges arising out of their scheme to fraudulently obtain unclaimed funds held by the New York State Comptroller’s Office of …
https://www.osc.ny.gov/press/releases/2022/07/dinapoli-three-arrested-scheme-steal-unclaimed-funds-new-york-stateExistential Questions Facing National Public Transit Systems Create New Fiscal Pressures for MTA
… in the nation, providing nearly 40 percent of the nation’s public transit trips. In 2019, the MTA provided 3.8 billion … and its residents. More than half of City residents used public transit to commute to work in 2019. The New York City … metro area also had the largest share of commuters who use public transit among comparable metro areas served by …
https://www.osc.ny.gov/reports/osdc/existential-questions-facing-national-public-transit-systems-create-new-fiscal-pressures-mtaDiNapoli: MTA Outlook Shows Growing Need for New Funding as Budget Gaps Widen
… is clearer. Gaps are forecast at $2.5 billion in 2025 and 2026 as spending outpaces inflation projections, but could be as high as $4.6 billion in 2026 if the MTA’s unspecified gap-closing program falls short … will reach a “new normal” of 1.3 billion trips in 2026, which is 23% fewer than 2019. To date, however, …
https://www.osc.ny.gov/press/releases/2022/10/dinapoli-mta-outlook-shows-growing-need-new-funding-budget-gaps-widenDiNapoli: NYC Office Building Market Values Rise Amid Shift in Demand for Space
… values reached nearly $205 billion in fiscal year (FY) 2025, surpassing pre-pandemic levels, according to a report … space use by businesses in the information, financial activities, and professional and business services sectors … The citywide peak-day occupancy rate was 64.2% as of July, according to Kastle Systems, which remains well below …
https://www.osc.ny.gov/press/releases/2024/08/dinapoli-nyc-office-building-market-values-rise-amid-shift-demand-space