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Tax Cap Compliance
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https://www.osc.ny.gov/local-government/property-tax-cap/tax-cap-complianceOpinion 92-32
… society for restoration and preservation. The town, by local law, may authorize the purchase price to be paid to the town on an installment basis, secured by a purchase-money mortgage. You inquire about the propriety … Thus, as a general rule, unless otherwise authorized by statute, a town may not purchase real property for the …
https://www.osc.ny.gov/legal-opinions/opinion-92-32State Comptroller DiNapoli Releases Municipal Audits
… Town of Aurora – Real Property Acquisition and Sale (Erie County) Auditors estimate the town sold the Southside … price. Town of Roseboom – Long-Term Planning (Schoharie County) The town's major pieces of equipment are beyond their … on equipment repairs. Town of Stafford – Procurement (Genesee County) Officials did not always obtain quotes in …
https://www.osc.ny.gov/press/releases/2018/09/state-comptroller-dinapoli-releases-municipal-audits-0Baldwinsville Central School District – Financial Management (2016M-65)
… of Audit The purpose of our audit was to examine the District’s financial management practices for the period July 1, 2014 through October 31, 2015. Background The Baldwinsville Central School District is located in the Towns of Clay, Lysander and …
https://www.osc.ny.gov/local-government/audits/school-district/2016/06/17/baldwinsville-central-school-district-financial-management-2016m-65Opinion 96-19
… (joint acquisition of real property by town and fire district for construction purposes) TOWNS -- Powers and Duties (joint purchase with fire district of real property and construction of building for … LAW, §§64(2), 81(1)(c), 176(14), 220(3): A town and a fire district located therein may, pursuant to General Municipal …
https://www.osc.ny.gov/legal-opinions/opinion-96-19Opinion 93-4
… be authorized by a two-thirds vote of the town board and is neither subject to mandatory referendum nor is the town board authorized to provide for a referendum on … tax certiorari judgment and, if so, whether the resolution is subject to referendum or a super-majority vote of the …
https://www.osc.ny.gov/legal-opinions/opinion-93-4Selected Controls Over the Property Tax Assessment Process
… more than three units, Market Value (MV) is determined by using income and expense data reported by those or similar rental properties. DOF acquires income … to capture market conditions, and the MV is determined by applying a capitalization rate (expected rate of return …
https://www.osc.ny.gov/state-agencies/audits/2017/07/11/selected-controls-over-property-tax-assessment-processFare Revenue Considerations for the Metropolitan Transportation Authority
… its projected budget gaps. These gaps were exacerbated by the pandemic, which took a substantial toll on ridership … and economic risks, detailed in an October 2022 report by the Office of the State Comptroller (OSC) . The forecasted … eventually require the MTA to balance its budget either by raising revenue or reducing expenses. Current MTA …
https://www.osc.ny.gov/reports/osdc/fare-revenue-considerations-metropolitan-transportation-authorityNYS Common Retirement Fund Announces Third Quarter Results
… March 31, 2015. … The New York State Common Retirement Funds Fund overall return in the third quarter of the state … the threemonth period ending December 31 2014 bringing the Funds estimated value to $1817 billion according to New York …
https://www.osc.ny.gov/press/releases/2015/02/nys-common-retirement-fund-announces-third-quarter-resultsNYS Common Retirement Fund Announces Third Quarter Results
… international public equities. The remaining Fund assets by allocation are invested in cash, bonds and mortgages (27.6 … 2009, DiNapoli initiated quarterly performance reporting by the Fund as part of his on-going efforts to increase … 80 percent of the cost of benefit payments has been funded by investment returns. The Fund’s fiscal year ends March 31, …
https://www.osc.ny.gov/press/releases/2014/02/nys-common-retirement-fund-announces-third-quarter-resultsNYS Common Retirement Fund Announces First Quarter Results
… international public equities. The remaining Fund assets by allocation are invested in cash (1.5 percent), Treasury … DiNapoli initiated quarterly performance reporting by the Fund in 2009 as part of his on-going efforts to …
https://www.osc.ny.gov/press/releases/2015/08/nys-common-retirement-fund-announces-first-quarter-resultsDiNapoli: NYS Common Retirement Fund Rises to Estimated $180.7 Billion
… of the fund reflects earnings over the quarter, offset by benefit payments. “The New York State Common Retirement … in non-U.S. and global equities. The remaining Fund assets by allocation are invested in cash, bonds and mortgages (26.6 … DiNapoli initiated quarterly performance reporting by the Fund in 2009 as part of his on-going efforts to …
https://www.osc.ny.gov/press/releases/2014/08/dinapoli-nys-common-retirement-fund-rises-estimated-1807-billionNYS Common Retirement Fund Announces First Quarter Results
… quarter of the state fiscal year 2017-2018 was 2.9 percent for the period ending June 30, 2017, with an estimated value … said. "As a long term investor, the fund's performance is best measured by its success over a period of years if not … The Fund has consistently been ranked as one of the best managed and best funded plans in the nation. The Fund's …
https://www.osc.ny.gov/press/releases/2017/08/nys-common-retirement-fund-announces-first-quarter-resultsNYS Common Retirement Fund Announces Second Quarter Results
… of the Fund’s 2015-2016 fiscal year was -4.13 percent for the three-month period ending Sept. 30, 2015, according … weather such ups and downs and provide retirement security for generations to come. While we’ve seen some recovery in … quarter, there is no question that this is a tough year for investors.” The Fund's estimated value reflects benefits …
https://www.osc.ny.gov/press/releases/2015/11/nys-common-retirement-fund-announces-second-quarter-resultsDiNapoli: State Pension Fund Valued at $242.3 Billion at End of Third Quarter
… P. DiNapoli today announced that the estimated value of the New York State Common Retirement Fund (Fund) was … (6.24%). The Fund’s long-term expected rate of return is 5.9%. DiNapoli initiated quarterly performance reporting by the Fund in 2009 as part of his on-going efforts to increase accountability and …
https://www.osc.ny.gov/press/releases/2023/02/dinapoli-state-pension-fund-valued-2423-billion-end-third-quarterNYS Common Retirement Fund Reports Third Quarter Results
… quarter of the State Fiscal Year (SFY) 2021-22 was 4.74% for the three-month period ending Dec. 31, 2021, according to … and their beneficiaries continue to have secure pensions for generations to come.” The Fund's estimated value reflects … third quarter of the State Fiscal Year SFY 202122 was 474 for the threemonth period ending Dec 31 2021 according to New …
https://www.osc.ny.gov/press/releases/2022/02/nys-common-retirement-fund-reports-third-quarter-resultsDiNapoli: State Pension Fund Reaches Record High of $183.5 Billion
… State Comptroller Thomas P. DiNapoli today announced that the New York State Common Retirement Fund (Fund) reached a record estimated value of $183.5 billion as of the close of the state fiscal year on …
https://www.osc.ny.gov/press/releases/2015/05/dinapoli-state-pension-fund-reaches-record-high-1835-billionDiNapoli: State Pension Fund Valued at $259.9 Billion at End of Third Quarter
… State Comptroller Thomas P. DiNapoli today announced that the estimated value of the New York State Common Retirement Fund (Fund) was …
https://www.osc.ny.gov/press/releases/2024/02/dinapoli-state-pension-fund-valued-259.9-billion-end-third-quarterWainscott Common School District – Financial Condition (2013M-268)
… For the same time period, the District increased the real property tax levy by more than $325,000. The District … unexpended surplus fund balance is in compliance with Real Property Tax Law statutory limits. Develop a multiyear …
https://www.osc.ny.gov/local-government/audits/school-district/2013/12/20/wainscott-common-school-district-financial-condition-2013m-268DiNapoli: State Pension Fund Valued at $254.1 Billion at End of First Quarter
… in publicly traded equities. The remaining Fund assets by allocation are invested in cash, bonds, and mortgages … 5.9%. DiNapoli initiated quarterly performance reporting by the Fund in 2009 as part of his on-going efforts to …
https://www.osc.ny.gov/press/releases/2023/08/dinapoli-state-pension-fund-valued-2541-billion-end-first-quarter