Search
DiNapoli Calls for NYC to Bolster Reserves as Economy Rebounds Amid Rising Spending
… relief, will mostly be used to fund new spending, with a smaller portion set aside to build up reserves, according … planned in the proposed executive budget in April. This is significantly higher than traditional spending increases … $1 billion in recurring costs for proposed new services that are supported with nonrecurring federal resources. …
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
… S. Berman announced that Gregory Bayard was sentenced to 24 months in prison in White Plains federal court for … an attorney and filed a motion in the Surrogate’s Court to remove Bayard as the administrator of his father’s estate. … Division. Assistant U.S. Attorney James McMahon is in charge of the prosecution. … Gregory Bayard was sentenced to …
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
… District Attorney Mary Pat Donnelly and the New York State Police today announced the arrests of Amber Diacetis, a … over $200,000 from an elderly victim. “Exploiting a vulnerable senior citizen to enrich yourself is a heinous … to my partnership with Rensselaer DA Donnelly, the State Police, and the Schodack Police Department they will be held …
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
… “The Fund is dedicated to championing workforce management best practices because they have the ability to enhance the … builds on the Fund’s commitment to workforce and labor best practices across its portfolios which includes the … It has consistently been ranked as one of the best managed and best funded plans in the nation. … New York …
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
… provided financing for over 2,000 essential local water infrastructure projects totaling more than $23.7 billion … role in financing improvements to New York’s water infrastructure,” DiNapoli said. “New York has spent more on … Major programs include the Clean Water State Revolving Fund (CWSRF) and the Drinking Water State Revolving Fund …
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
… The two principles of Phinaliz Communications LLC, Philip Mtui and Mbaga Kaiza, … Comptroller Thomas P. DiNapoli announced today on behalf of the joint state, local and federal investigating agencies. … alleged Medicaid fraud tried to undermine the integrity of a vital program,” DiNapoli said. “It also diverted funds …
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
… and causing billions of dollars in damage, the city needs to be better prepared for another catastrophic event, … continuity plans and evacuation plans. The audit is the first of four that DiNapoli has engaged with a focus on resiliency planning in New York City. “It is not a matter of if, but when, another massive storm …
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
… and Farebox Revenue Change, 2019 vs. 2020 Sources: National Transit Database; OSC analysis Even as ridership … includes the use of debt to borrow for operating costs in 2025, a stopgap measure that will not be paid until after … MTA could lose $500 million per year if regular commuting days range between one and two days per week. Tax revenues, …
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
… The Metropolitan Transportation Authority (MTA) has two years … that time, it must develop plans to cover budget gaps that start at $2.5 billion in 2025 and grow in the outyears, … is clearer. Gaps are forecast at $2.5 billion in 2025 and 2026 as spending outpaces inflation projections, but could be …
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 … of office buildings in New York City is tied to demand for space that comes from new and expanding businesses hiring workers,” DiNapoli …
https://www.osc.ny.gov/press/releases/2024/08/dinapoli-nyc-office-building-market-values-rise-amid-shift-demand-spaceDiNapoli: Former Citizens Hose Fire Company Treasurer Arrested for Stealing More Than $100,000
… A former treasurer of an Ontario County fire company was arrested for allegedly … a four-year period, State Comptroller Thomas P. DiNapoli, Ontario County District Attorney James Ritts, and Ontario County Sheriff David Cirencione announced today. The …
https://www.osc.ny.gov/press/releases/2024/09/dinapoli-former-citizens-hose-fire-company-treasurer-arrested-stealing-more-100000DiNapoli: Former Hannibal Fire Chief and Father Indicted for Allegedly Stealing Go-Kart Proceeds
… announced the indictment of former Hannibal Fire Chief Chris Emmons and his father Carl Emmons Sr., a volunteer … in combating these crimes.” In February 2016, then-Chief Chris Emmons convinced the Hannibal Fire Company to pay for … The Kartway was in operation from 2017 to 2022 and run by Chris Emmons, his family members and others. Proceeds from …
https://www.osc.ny.gov/press/releases/2024/07/dinapoli-former-hannibal-fire-chief-and-father-indicted-allegedly-stealing-go-kart-proceedsDiNapoli Announces Lowered Fees for New York State's 529 College Savings Direct Plan
… Program has provided more than $524 million to help parents across the state pay for college this year,” said … fees means that more money will be available to help parents plan ahead for college. As the price of higher … as little $25 to begin saving for college costs including tuition, certain room-and-board expenses, books, and …
https://www.osc.ny.gov/press/releases/2014/10/dinapoli-announces-lowered-fees-new-york-states-529-college-savings-direct-planDiNapoli: Improved Planning Needed for New York To Achieve Its Clean Energy Goals
… (NYSERDA) have taken considerable steps in planning for New York State’s transition to renewable energy but must … reach 70% renewably sourced electricity by 2030. The PSC did not update their calculations based on new laws and … have taken considerable steps in planning for New York States transition to renewable energy but must take stronger …
https://www.osc.ny.gov/press/releases/2024/07/dinapoli-improved-planning-needed-new-york-achieve-its-clean-energy-goalsDiNapoli: Archer Daniels Midland Co. Agrees to Shareholders' Request For 'No Deforestation' Policy
… one of the world’s leading suppliers of agricultural products to food companies, has agreed to use only sustainably-sourced palm and soy products that are certified free of any link to … commitment to using only sustainably-sourced palm and soy products validates our message that strong environmental …
https://www.osc.ny.gov/press/releases/2015/03/dinapoli-archer-daniels-midland-co-agrees-shareholders-request-no-deforestation-policyDiNapoli: Five Major Companies Adopt Pension Fund's Call for Transparency on Political Contributions
… proposals filed with Eastman Chemical , Marathon Oil and Valero Energy . Two other companies, Dean Foods and H&R Block , … The $176.8 billion New York State Common Retirement Fund is the third largest public pension fund in the United …
https://www.osc.ny.gov/press/releases/2015/02/dinapoli-five-major-companies-adopt-pension-funds-call-transparency-political-contributionsDiNapoli: State Paid $14.5 Billion for Medicaid Home Care Services That Lacked Verification
… Billions of dollars have been spent on Medicaid home care services for … without the required verification that the services took place, according to a new audit from State Comptroller Thomas … visit verification record. $11.6 million in claims for visits that lasted less than eight minutes —too short to be …
https://www.osc.ny.gov/press/releases/2024/11/dinapoli-state-paid-145-billion-medicaid-home-care-services-lacked-verificationDiNapoli: Homeless New Yorkers Relying on CityFHEPS Face Significant Delays for Permanent Housing
… rental assistance program is leading to significant delays in finding permanent housing for homeless people and those at … taken any steps to investigate why delays are occurring or how to fix them. Subsidy Payment Delays Auditors requested … claiming shopping letters aren’t delayed and many of the issues identified with Subchapter B units are the …
https://www.osc.ny.gov/press/releases/2024/10/dinapoli-homeless-new-yorkers-relying-cityfheps-face-significant-delays-permanent-housingDiNapoli: Allegany County Woman Arrested for Theft of Nearly $30,000 in Pension Checks
… Attorney’s Office in making this arrest.” Burrows’ mother retired as a custodian for the Yorkshire Pioneer … State and Local Retirement System (NYSLRS). When Burrow’s mother passed away in 2019, her pension went to her …
https://www.osc.ny.gov/press/releases/2024/11/dinapoli-allegany-county-woman-arrested-theft-nearly-30000-pension-checks