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DiNapoli Releases Report on NYS Executive Budget
… the disruption caused by the COVID-19 pandemic, the state’s finances have stabilized, and the Division of Budget (DOB) … budget gaps. In his annual report assessing the proposed Executive Budget, State Comptroller Thomas P. DiNapoli … to restrict my office’s approval of certain state bond issuances. This independent oversight protects taxpayers …
https://www.osc.ny.gov/press/releases/2024/02/dinapoli-releases-report-nys-executive-budgetNew Funding Needed for MTA Improvements to Prevent Unplanned Fare and Toll Hikes
… Authority (MTA) are not identified, the authority may have to raise fares and tolls faster than planned to improve a … one-third of the subway fleet is now more than 30 years old and about 40 percent of the signals in the system are … 1 by the end of 2018. The MTA still has not explained how the cost of increased subway maintenance will be funded …
https://www.osc.ny.gov/press/releases/2017/11/new-funding-needed-mta-improvements-prevent-unplanned-fare-and-toll-hikesLehman College – Controls Over Bank Accounts (Follow-Up)
… the four recommendations included in our initial report, Lehman College: Controls Over Bank Accounts ( 2014-S-69 ). … two accounts that were not on CUNY Central’s list that Lehman opened prior to the implementation of the 2008 banking …
https://www.osc.ny.gov/state-agencies/audits/2017/12/21/lehman-college-controls-over-bank-accounts-followOtego-Unadilla Central School District – Financial Condition (2013M-84)
… Purpose of Audit The purpose of our audit was to examine the District’s financial condition for the period … The Otego-Unadilla Central School District is located in the Towns of Otego, Unadilla, Laurens, Oneonta, … with public disclosure. Such uses could include, but are not limited to, reducing District property taxes, funding …
https://www.osc.ny.gov/local-government/audits/school-district/2013/06/14/otego-unadilla-central-school-district-financial-condition-2013m-84Horseheads Central School District – Financial Condition (2016M-138)
… it appeared that the District needed to both increase its tax levy and use fund balance to close projected …
https://www.osc.ny.gov/local-government/audits/school-district/2016/08/19/horseheads-central-school-district-financial-condition-2016m-138Normal Retirement – Article 14 Benefits
… You can choose normal retirement or early retirement, but must be separated … With at least 22 years of service credit, you can apply for normal retirement regardless of your age. The normal …
https://www.osc.ny.gov/retirement/publications/1644/normal-retirementDiNapoli: Local Sales Tax Collections Up 1.5% in April Compared to Last Year
… Local sales tax collections in New York state increased by 1.5% in April compared to the same month in 2023, according to data released today … reporting to help local officials better understand how sales tax is performing in their part of the state.” In …
https://www.osc.ny.gov/press/releases/2024/05/dinapoli-local-sales-tax-collections-15-april-compared-last-yearDiNapoli: Local Sales Tax Collections Up Slightly in May
… Local sales tax collections in New York state increased by 1.1% in May compared to the same month in 2022, according to … City’s collections totaled $744 million, an increase of 3.3%, or $23.5 million. County and city collections in the … decline. Franklin County had the largest decline at 11.4%. Rockland County experienced the strongest growth at …
https://www.osc.ny.gov/press/releases/2023/06/dinapoli-local-sales-tax-collections-slightly-mayVillage of Suffern – Budget Review (B21-6-2)
… mindful of the legal requirement to maintain the tax levy increase to no more than the tax levy limit as permitted by …
https://www.osc.ny.gov/local-government/audits/village/2021/04/16/village-suffern-budget-review-b21-6-2Campbell-Savona Central School District -- Budget Review (B2-14-11)
… Reduce appropriations to more realistic levels. Increase the State aid estimate in the tentative budget to a …
https://www.osc.ny.gov/local-government/audits/school-district/2014/04/24/campbell-savona-central-school-district-budget-review-b2-14-11DiNapoli: Local Sales Tax Collections Up 1.6% in February Compared to Last Year
… Local sales tax collections in New York state increased by … Overall, local collections totaled $1.67 billion, up $26.8 million from the same time last year. “February’s … collections grew at a modest pace, year over year, after coming in nearly flat in January,” DiNapoli said. “But this …
https://www.osc.ny.gov/press/releases/2024/03/dinapoli-local-sales-tax-collections-16-february-compared-last-yearAvon Central School District – Financial Management (2024M-75)
… report – pdf] Audit Objective Determine whether the Avon Central School District (District) Board of Education … in the District’s response. … Determine whether the Avon Central School District District Board of Education …
https://www.osc.ny.gov/local-government/audits/school-district/2024/10/25/avon-central-school-district-financial-management-2024m-75DiNapoli: State Pension Fund Valued at $273.4 Billion at End of Third Quarter
… State Common Retirement Fund (Fund) was $273.4 billion at the end of the third quarter of State Fiscal Year 2024-25. … and geopolitical issues raising concerns even as the U.S. economy continues to show strength,” DiNapoli said. … by allocation are invested in cash, bonds, and mortgages at 22.16%, private equity at 14.58%, real estate and real …
https://www.osc.ny.gov/press/releases/2025/02/dinapoli-state-pension-fund-valued-2734-billion-end-third-quarterVillage of Suffern – Budget Review (B25-6-4)
… mindful of the legal requirement to maintain the tax levy increase to no more than the tax levy limit as permitted by …
https://www.osc.ny.gov/local-government/audits/village/2025/04/11/village-suffern-budget-review-b25-6-4SUNY Bulletin No. SU-196
… have received the $500 one time advance to basic annual salary are not eligible for the $500 lump sum payment. New … Information The $500 lump sum payment is included as salary for retirement purposes and must be included in the …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-university-new-york/su-196-500-service-award-part-time-psnu-employees-representedState Agencies Bulletin No. 290
… included in the W-2 statements. As instructed in Bulletin No. 274 dated October 10, 2001, in order for refund checks … must be processed by the dates provided in Bulletin No. 274 . The remaining submission dates are as follows: … UTA Uniform/Tool allowance EXP Taxable expense - This code is used for payments of "lieu of expenses", non …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/290-2001-w-2-year-end-processingDiNapoli Finds Slow Property Tax Growth for Local Governments
… past several years, from a peak increase of 7.7 percent in 2003 to a 2 percent increase in the fiscal year ending (FYE) in 2013. Much of this occurred even before the enactment of …
https://www.osc.ny.gov/press/releases/2015/01/dinapoli-finds-slow-property-tax-growth-local-governmentsDiNapoli: New York City's Finances on Solid Footing
… New York City projects a balanced budget for fiscal year 2015 … with the remaining municipal unions, obtain planned health insurance savings and narrow its projected budget gaps.” In … and the unions have agreed to work together to reduce the cost of health insurance to the city by $3.4 billion, …
https://www.osc.ny.gov/press/releases/2014/07/dinapoli-new-york-citys-finances-solid-footingOversight and Enforcement of the Rechargeable Battery Law
… Objective To determine whether the Department of Environmental Conservation (Department) has … compliance with the New York State Rechargeable Battery Law to promote the proper disposal of lithium-ion and other …
https://www.osc.ny.gov/state-agencies/audits/2022/06/29/oversight-and-enforcement-rechargeable-battery-lawDiNapoli Report Analyzes Regional Trends in Education for School Districts Outside New York City
… must navigate a complex set of state rules and local needs to determine how to best educate our children and pay for it,” DiNapoli … state and federal aid, the School Tax Relief program (STAR), and local property tax revenue. Property taxes made up …
https://www.osc.ny.gov/press/releases/2020/03/dinapoli-report-analyzes-regional-trends-education-school-districts-outside-new-york-city