Search
Comptroller DiNapoli Releases School Audits
… . State Comptroller DiNapoli has made it a priority to audit school district and charter school finances and … (Onondaga County) The board and district officials did not develop reasonable budgets or effectively manage the … its claims auditing process to ensure that all claims have been audited and approved by the claims auditor before …
https://www.osc.ny.gov/press/releases/2016/06/comptroller-dinapoli-releases-school-audits-0DiNapoli: Governor Cuomo's Proposed Budget Continues Fiscal Progress
… budget relies on approximately $4.6 billion in temporary funds, not including an additional $2.7 billion in temporary … state fiscal year 2015-16 if spending from State Operating Funds is held to 2 percent growth. However, meeting the … that account for more than half of State Operating Funds spending may be difficult to adjust and are projected …
https://www.osc.ny.gov/press/releases/2014/02/dinapoli-governor-cuomos-proposed-budget-continues-fiscal-progressDiNapoli: Contribute to 529 College Savings Account by Dec. 31 for Tax Benefits
… lower fees, higher maximum balances and the elimination of the $25 minimum contribution fees make it easier to save … to $10,000 each year.* "Now's the time to take advantage of the improvements we're making to New York's 529 College … https://www.nysaves.org/nytpl/literatureforms/getPDFForm.do?cmsPDF=DisclosureBooklet.pdf . No guarantee: None of the …
https://www.osc.ny.gov/press/releases/2017/12/dinapoli-contribute-529-college-savings-account-dec-31-tax-benefitsDiNapoli Releases July State Cash Report
… Budget Financial Plan. The General Fund ended July with a balance of $6.8 billion, which was $23.3 million over the …
https://www.osc.ny.gov/press/releases/2016/08/dinapoli-releases-july-state-cash-reportDiNapoli Report Highlights Local Government Reliance on Federal Aid
… the city's public schools. "Local governments receive much-needed federal aid that supports our schools, fixes our … political climate, it's important for New Yorkers to get a sense of how much funding is at stake and what programs might be at …
https://www.osc.ny.gov/press/releases/2017/07/dinapoli-report-highlights-local-government-reliance-federal-aidDiNapoli Releases Analysis of Enacted State Budget
… proposal. The largest change from the Executive proposal is a $398.5 million increase in borrowing authority for SAM. … employment compensation expense tax (or payroll tax) that is intended for employers to use to help employees offset … savings these new mechanisms may generate for New Yorkers is unclear. DiNapoli's report also identifies actions to …
https://www.osc.ny.gov/press/releases/2018/04/dinapoli-releases-analysis-enacted-state-budgetDiNapoli: New York Jobs Top 9 Million, New Statewide High
… New York reached its highest employment level ever of more … steady gains. Job growth was uneven across the state, with New York City gaining three out of four new statewide jobs …
https://www.osc.ny.gov/press/releases/2015/08/dinapoli-new-york-jobs-top-9-million-new-statewide-highDiNapoli: MTA Faces Worst Financial Crisis in History
… and long-lasting damage that could impair regional transit for decades, according to New York State Comptroller Thomas … as parts of the economy reopen, fare and toll revenues for 2020 through 2023 are projected to be $10.3 billion lower … commuter railroad service by 50 percent. Fares and toll increases may rise beyond the 4 percent hikes already planned …
https://www.osc.ny.gov/press/releases/2020/10/dinapoli-mta-faces-worst-financial-crisis-historyDiNapoli: External Risks Threaten NYC Budget
… present potential risks to the city's budget, according to a report released today by New York State Comptroller Thomas … fiscal year that will be used to balance the budget for fiscal year 2018. The surplus was generated almost … Capital Stabilization Reserve. It has also replenished the Retiree Health Benefits Trust, which now has a balance of $4 …
https://www.osc.ny.gov/press/releases/2017/03/dinapoli-external-risks-threaten-nyc-budgetIX.8.C Payments to the U.S. Treasury and U.S. Department of Education – IX. Federal Grants
… Department of Education due to: Excessive cash balances on deposit that are not needed for program purposes; Unspent … award is open in the federal draw system, and OSC draws on your behalf, this return will be processed through the … a refund check was deposited via Refund of Appropriation (ROA) OR the corresponding chartstring where expenditures have …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix8c-payments-us-treasuryDiNapoli Releases April State Cash Report
… State tax collections totaled $7.1 billion in the first month of the new fiscal year, a decline of $1.1 … in personal income tax (PIT) collections, according to the state cash report issued today by State Comptroller … projections released in February," DiNapoli said. "It’s not clear whether this is the result of underlying economic …
https://www.osc.ny.gov/press/releases/2017/05/dinapoli-releases-april-state-cash-reportDiNapoli: 16 School Districts Designated in Fiscal Stress
… designated in some level of fiscal stress under New York State Comptroller Thomas P. DiNapoli’s Fiscal Stress … the current and future budget cycles as one-time federal funds are depleted and state aid is uncertain.” In response …
https://www.osc.ny.gov/press/releases/2024/01/dinapoli-16-school-districts-designated-fiscal-stressDiNapoli: Proposed Budget Holds the Line on Spending, Gives Executive Wider Discretion
… out-years remain a concern and there is a lack of clarity for some key spending areas. New York has made great strides … 2014-15. Based on these projections, and after adjusting for prepayments and other proposed changes, DiNapoli … into the Rainy Day Reserve Fund and allocates $315 million for the Rainy Day Reserve Fund and the Tax Stabilization …
https://www.osc.ny.gov/press/releases/2015/02/dinapoli-proposed-budget-holds-line-spending-gives-executive-wider-discretionDiNapoli Calls for NYC to Bolster Reserves as Economy Rebounds Amid Rising Spending
… extraordinary one-time federal relief, will mostly be used to fund new spending, with a smaller portion set aside to … Review of the Financial Plan of the City of New York Find out how your government money is spent at Open Book New York . Track municipal …
https://www.osc.ny.gov/press/releases/2021/08/dinapoli-calls-nyc-bolster-reserves-economy-rebounds-amid-rising-spendingState Comptroller DiNapoli Releases Municipal Audits
… government audits were issued. Auditors conducted reviews of 20 adopted budgets of various counties, cities, towns and villages across the … whether local officials adequately considered the impact of the pandemic on their financial operations while …
https://www.osc.ny.gov/press/releases/2021/05/state-comptroller-dinapoli-releases-municipal-audits-1DiNapoli: Comprehensive Planning Needed for Billions in State Infrastructure Spending
… five years on capital projects, but would benefit from a more comprehensive assessment of its capital assets and … needs to develop a better strategy and a clear roadmap for its infrastructure investments.” The State Fiscal Year … is incorporated into the Capital Plan. However, five years does not provide an adequate planning window for assets that …
https://www.osc.ny.gov/press/releases/2019/08/dinapoli-comprehensive-planning-needed-billions-state-infrastructure-spendingChanges in Federal Policies Pose Significant Risks for New York City's Budget
… difficult times may lie ahead, depending on the effects of what happens in Washington." The November update to the … fiscal years 2018 through 2021 projects budget gaps of $3.2 billion in fiscal year (FY) 2019, $2.3 billion in FY … than those projected in June, reflecting the impact of a citywide savings program and better-than-expected …
https://www.osc.ny.gov/press/releases/2017/12/changes-federal-policies-pose-significant-risks-new-york-citys-budgetNew York’s Economy and Finances in the COVID-19 Era (June 24, 2021)
… Beneficiaries in New York The COVID-19 pandemic prompted many changes in the ways New Yorkers conducted daily … across the country. The pandemic also spurred a change in how people sought and received medical care; rather than … services as “the exchange of medical information from one site to another through electronic communication to …
https://www.osc.ny.gov/reports/new-yorks-economy-and-finances-covid-19-era-june-24-2021Improper Medicaid Payments for Claims Not in Compliance With Ordering, Prescribing, Referring, and Attending Requirements (Follow-Up)
… Program The Department of Health (Department) administers New York’s Medicaid program. Physicians and other health care …
https://www.osc.ny.gov/state-agencies/audits/2023/09/13/improper-medicaid-payments-claims-not-compliance-ordering-prescribing-referring-andDiNapoli Releases Year-End State Cash Report
… billion in State Fiscal Year (SFY) 2016-17, a decline of $300.1 million or 0.4 percent from last fiscal year, … tax receipts exceeded the latest projections at the end of the fiscal year, they were more than offset by lower … strong cash position starting the new fiscal year, because of factors including General Fund spending that was well …
https://www.osc.ny.gov/press/releases/2017/04/dinapoli-releases-year-end-state-cash-report