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DiNapoli: Wall St. Profits Return to Pre-Pandemic Levels

… Wall Street’s pandemic boom came to an end in 2022, with pretax, first half profits of $13.5 billion, down 56.3% from the $31 billion earned in the same period last year, according to State Comptroller … level since 2003, fueled by weaker initial and secondary public offerings. The Federal Reserve’s (Fed) multiple rate …

https://www.osc.ny.gov/press/releases/2022/10/dinapoli-wall-st-profits-return-pre-pandemic-levels

Medicaid Payments to Medicare Advantage Plan Providers (Follow-Up)

… Objective To determine the extent of implementation of the three recommendations made in our initial audit … Plan Providers (Report 2016-S-54 ). About the Program Many of the State’s Medicaid recipients are also enrolled in …

https://www.osc.ny.gov/state-agencies/audits/2019/10/15/medicaid-payments-medicare-advantage-plan-providers-follow

Managed Care Organizations – Payments to Ineligible Providers (Follow-Up)

… Objective To determine the extent of implementation of the eight recommendations made in our initial audit … audit objective was to determine whether the Department of Health (Department) and MCOs had adequate processes in …

https://www.osc.ny.gov/state-agencies/audits/2019/09/06/managed-care-organizations-payments-ineligible-providers-follow

DiNapoli: Safeway Supermarkets Commit to Sustainable Palm Oil

… to suppliers of 100% verified sustainable palm oil and set a goal of using only sustainable palm oil in all of … Rainforest Action Network , which has engaged with Safeway for several years with a goal of increasing the company’s use … human trafficking and poor working conditions. Complete an accounting of its palm oil and palm derivative usage for all …

https://www.osc.ny.gov/press/releases/2014/03/dinapoli-safeway-supermarkets-commit-sustainable-palm-oil

Medicaid Program – Managed Care Payments to Unenrolled Providers

… follows: We obtained PNDS submissions and encounter claims for a sample of five of the highest paid MCOs, which showed … Office of the Medicaid Inspector General, withdrawn by DOH for not meeting Medicaid program standards, or automatically … who were excluded from or otherwise ineligible for the Medicaid program. (Note: $548,184 of this was …

https://www.osc.ny.gov/state-agencies/audits/2024/06/04/medicaid-program-managed-care-payments-unenrolled-providers

Comptroller DiNapoli: IDA-Issued Tax Breaks Continue to Climb

… created by IDA-sponsored projects narrowed between upstate and downstate regions in 2017, according to the most recent … New Yorkers can examine if incentives given out to create and retain jobs in their communities are worth it.” The … payments in lieu of taxes (PILOTs). Both total exemptions and PILOTs increased, resulting in net exemptions of just …

https://www.osc.ny.gov/press/releases/2019/05/comptroller-dinapoli-ida-issued-tax-breaks-continue-climb

DiNapoli: Billions Needed for Repairs to Local Bridges

… need an estimated $27.4 billion in repairs, according to a report released today by New York State Comptroller … bridges has declined in recent years. But concerns about how local governments will find funding for repairs is growing as Washington considers changes to infrastructure aid. "Local communities are facing a big …

https://www.osc.ny.gov/press/releases/2017/10/dinapoli-billions-needed-repairs-local-bridges

DiNapoli: Major Retailers Agree to Stronger Supplier Oversight

… vice president position to oversee global sourcing and the administration of the company’s new auditing program. …

https://www.osc.ny.gov/press/releases/2014/04/dinapoli-major-retailers-agree-stronger-supplier-oversight

DiNapoli: Audits Recommend Fixes to Affordable Housing Programs

… The latest audit found that the state’s Office of Rent Administration (ORA), which handles tenant complaints for … of Housing and Community Renewal and its Office of Rent Administration (ORA). DiNapoli recommended that the … include: New York State Homes and Community Renewal: Administration of Tenant Complaints New York State Homes and …

https://www.osc.ny.gov/press/releases/2014/12/dinapoli-audits-recommend-fixes-affordable-housing-programs

Comptroller Authority to Audit Local Development Corporations (LDCs)

… Signed into law on December 20, 2019 as Chapter 710 of the Laws of 2019 – A.7476 (Magnarelli) / S.5445 (Skoufis) – Relates to audits by the State Comptroller of certain organizations controlled by municipal corporations …

https://www.osc.ny.gov/legislation/comptroller-authority-audit-local-development-corporations-ldcs-0

Physical Accessibility to Programs and Services (2025MS-1)

… and one Village (together “the Municipalities”), based on four categories of accessibility: Approach and Entrance … as the Office of the State Comptroller (OSC) opining on the legality of any of the Municipalities’ facilities … with, the ADA. See Appendix A for more information on the ADA Checklist for Existing Facilities. The selected …

https://www.osc.ny.gov/local-government/audits/city/2025/05/06/physical-accessibility-programs-and-services-2025ms-1

Implementation of Train Service to Grand Central Madison

… is responsible for developing and implementing a unified mass transportation policy for New York City and Dutchess, … in North America, LIRR reported carrying an average of 200,000 customers each weekday on 947 trains as of August 2024. It operates trains 24 hours a day, 7 days a …

https://www.osc.ny.gov/state-agencies/audits/2025/06/18/implementation-train-service-grand-central-madison

DiNapoli: Tax Breaks From IDAs Continue to Climb

… IDAs are tasked with generating economic development and job creation, but it can be difficult for taxpayers to follow the costs and benefits of these activities," DiNapoli said. "Our annual report tracks IDA performance and shows the costs associated with their decisions. Now, …

https://www.osc.ny.gov/press/releases/2017/03/dinapoli-tax-breaks-idas-continue-climb

Housing Trust Fund Corporation – Oversight of the Residential Emergency Services to Offer Home Repairs to the Elderly Program (Follow-Up)

… including the Housing Trust Fund Corporation (HTFC), which is responsible for community development through the … Within HTFC, the Office of Community Renewal (OCR) is responsible for administering the Residential Emergency …

https://www.osc.ny.gov/state-agencies/audits/2023/02/13/housing-trust-fund-corporation-oversight-residential-emergency-services-offer-home-repairs

DiNapoli: Mobile Sports Betting Adds to State Revenue, But Calls to Problem Gambling Hotline Rise as Gaming Expansion Continues

… State collections from the taxes on mobile sports betting totaled $727.4 … a tax rate of 51% on gross gaming revenues, New York joins Rhode Island and New Hampshire in levying the highest rate in the …

https://www.osc.ny.gov/press/releases/2023/10/dinapoli-mobile-sports-betting-adds-state-revenue-calls-problem-gambling-hotline-rise-gaming