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DiNapoli Proposes Reforms to Bolster State's Rainy Day Reserves
… Despite a now decade-long economic expansion in the country, New York still lags behind other states when … as a percentage of General Fund spending, at 2.8 percent in state fiscal year (SFY) 2018-19, are well under the … resources to these funds, which can limit their value in the event of a financial emergency. More recently, in …
https://www.osc.ny.gov/press/releases/2019/12/dinapoli-proposes-reforms-bolster-states-rainy-day-reservesDiNapoli: NYC IDA Needs To Improve Its Administration of Business Tax Breaks and Monitoring of Job Creation
… by waiving city and state sales tax, providing local property tax abatements, and lowering their mortgage …
https://www.osc.ny.gov/press/releases/2024/06/dinapoli-nyc-ida-needs-improve-its-administration-business-tax-breaks-and-monitoring-job-creationStart Saving for Retirement
… for their retirement income. If you’re just starting out in your career, you may want to pick a savings amount (or … of a dollar over time, meaning that the money you withdraw in the future may not have the same value that it has today. …
https://www.osc.ny.gov/retirement/members/saving-for-retirementDiNapoli Op-Ed in Times Union
… decision points have become increasingly common in the last decade, making federal spending and debt front-page news. In contrast, state and local finances, and particularly debt, … Many states, including New York, have debt limits in place on state bonds. However, the structure and efficacy …
https://www.osc.ny.gov/press/releases/2023/02/dinapoli-op-ed-times-unionDiNapoli Audit: ESD Needs To Increase Transparency of Its Real Estate Holdings and Sales of Properties Below Fair Market Value
… to be more transparent about the real estate transactions it makes,” DiNapoli said. “That should start with an accurate … in New York. The Public Authorities Law (PAL) requires it to publish, at least annually, a report listing all real property it holds and full descriptions of properties that were …
https://www.osc.ny.gov/press/releases/2024/08/dinapoli-audit-esd-needs-increase-transparency-its-real-estate-holdings-and-sales-properties-belowDiNapoli Report Highlights Where New Yorkers Work
… DiNapoli shows the state’s employment picture has changed in significant ways since 2000 with the health care and … manufacturing and financial activities shrank. Employment in health care and social assistance had the greatest increase in jobs since 2019, with the sector now comprising nearly one …
https://www.osc.ny.gov/press/releases/2024/10/dinapoli-report-highlights-where-new-yorkers-workDiNapoli Issues Report on Transparency of Village Fiscal Activities
… State Comptroller Thomas P. DiNapoli’s office released a report and series of audits today reviewing compliance by … records. One village did not record $2.2 million in payroll expenditures in its accounting records along with $2 … 10%. Village boards are also required to annually audit or cause to be audited the village’s AFR and supporting …
https://www.osc.ny.gov/press/releases/2024/12/dinapoli-issues-report-transparency-village-fiscal-activitiesTown of Wawayanda – Financial Operations (2024M-160)
… [read complete report - pdf] Audit Objective Did the Town of Wawayanda (Town) Town Board (Board) and officials properly … Town’s 2023 appropriations totaled $5.9 million for all funds and the surplus fund balance at the end of 2023 totaled $7.7 million. Audit …
https://www.osc.ny.gov/local-government/audits/town/2025/04/25/town-wawayanda-financial-operations-2024m-160Oversight of Sex Offenders Subject to Strict and Intensive Supervision and Treatment (Follow-Up) (2018-F-21)
To determine the extent of implementation of the five recommendations included in our initial audit report, Oversight of Sex Offenders Subject to Strict and Int
https://www.osc.ny.gov/files/state-agencies/audits/pdf/sga-2019-18f21.pdfWall Street Profits for 2014 May Not Reach 2013 Level
… period last year. This suggests that full year profits for the broker/dealer operations of New York Stock Exchange … may be constrained this year as the industry pays a price for behavior that contributed to the financial … little more than half of the rules required by Dodd-Frank, for example, have been completed, and many have not yet taken …
https://www.osc.ny.gov/press/releases/2014/10/wall-street-profits-2014-may-not-reach-2013-levelDiNapoli: New York on Better Financial Footing
… New York state is in a stronger financial position, reflecting better budgeting … that the state’s fiscal condition is the best it has been in years. Still, some budgetary challenges persist," DiNapoli … gaps to manageable levels, but efforts to keep spending in line with revenues must continue along with addressing our …
https://www.osc.ny.gov/press/releases/2014/07/dinapoli-new-york-better-financial-footingDiNapoli: Limited Regulation of Adult Day Care Programs Poses Potential Risks to Vulnerable Adults
… Many social adult day services programs (SADS) in New York operate without regulations or licenses, leaving … Comptroller Thomas P. DiNapoli. The audit is the first in a series looking at issues affecting the elderly in New York. “Absent a universal licensing or registration …
https://www.osc.ny.gov/press/releases/2015/12/dinapoli-limited-regulation-adult-day-care-programs-poses-potential-risks-vulnerable-adultsDiNapoli: $1 Million in License Plate Contributions Sit Unused by State
… The state Department of Health (DOH) has never put to use any of the money generated through distinctive license plates and a license application check-off box to support New York’s organ donation campaign, according to an audit issued today by State Comptroller Thomas P. …
https://www.osc.ny.gov/press/releases/2016/08/dinapoli-1-million-license-plate-contributions-sit-unused-stateDiNapoli Recommends Ways For LIRR To Get Back On Track
… on the Port Jefferson Branch. Communications to passengers in four incidents were not made or were late. For example, … "Lessons Learned" meeting was held for the sampled events, in response to the two-day snow event on January 4-5, 2018. … information regarding where passengers can reasonably go in the event service is interrupted. Ensure customers are …
https://www.osc.ny.gov/press/releases/2018/08/dinapoli-recommends-ways-lirr-get-back-trackDiNapoli Proposes Option to Help State & Local Governments Pay for Retiree Health Care
… this issue. More than thirty states have already put rules in place that allow public employers to set aside money today … and plugging the hole before we reach a crisis moment.” In state fiscal year (SFY) 2013-14, the state’s total … and SUNY paid $1.5 billion for retiree health insurance in SFY 2013-14, which is half of what is needed to fully fund …
https://www.osc.ny.gov/press/releases/2015/04/dinapoli-proposes-option-help-state-local-governments-pay-retiree-health-careOpinion 2006-6
… creates a vacancy (see Public Officers Law §30[1], [3]; NY Const, art. XIII, §6; Bookhout , supra ). Based on these …
https://www.osc.ny.gov/legal-opinions/opinion-2006-6State Comptroller DiNapoli Releases State Audits
… (2015-S-92) CUNY officials provided auditors with a list of 24 bank accounts at Medgar Evers. Fourteen accounts … after CUNY’s bank authorization policy was established in 2008. However, CUNY did not have any of the required … found an additional two accounts that were not on the list. These findings point to weaknesses in the monitoring of …
https://www.osc.ny.gov/press/releases/2016/06/state-comptroller-dinapoli-releases-state-auditsDiNapoli: State Needs to Better Protect Water Supply Infrastructure Against Natural Disasters, Cyberattacks and Terrorism
… water systems supplying drinking water but, as we’ve seen in other states, this critical infrastructure is increasingly … up to date.” There are nearly 9,000 public water systems in New York, including more than 2,800 community water … whether DOH and DHSES are effectively collaborating in sharing information about risks identified by VAs. Attacks …
https://www.osc.ny.gov/press/releases/2023/06/dinapoli-state-needs-better-protect-water-supply-infrastructure-against-natural-disastersCustodial Service Contract Procurement and Oversight
… Department of Education contracting practice was effective in procuring the custodial service contracts it has in effect for the 2017–2020 and 2021–2028 fiscal years at the … than 1,800 elementary, middle, and high schools located in over 1,300 buildings (some buildings house multiple …
https://www.osc.ny.gov/state-agencies/audits/2022/04/08/custodial-service-contract-procurement-and-oversightDiNapoli Urges Changes to Protect Children Placed in Custody of Relatives or Guardians
… is not doing enough to ensure adequate protections are in place for children who are placed in the custody of relatives or another suitable person … oversight and uniform standards to ensure children in direct placement are not put into another bad situation …
https://www.osc.ny.gov/press/releases/2020/03/dinapoli-urges-changes-protect-children-placed-custody-relatives-or-guardians