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DiNapoli Urges NYC to Continue to Prepare for Shifting Fiscal Landscape
… Total revenue for New York City’s budget is expected to drop by 9.4% to $101.1 billion in Fiscal Year … risks means the city should continue to identify areas for savings, track how its services are delivered amid … Total revenue for New York Citys budget is expected to drop by 94 to $1011 …
https://www.osc.ny.gov/press/releases/2022/08/dinapoli-urges-nyc-continue-prepare-shifting-fiscal-landscapeXII.2 Expenditure Policies – XII. Expenditures
… the State Comptroller audit all payments and refunds made by the State and its departments prior to payment in order to … the State Comptroller audit all payments and refunds made by the State and its departments prior to payment in order to …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xii/xii2-expenditure-policiesDiNapoli: Jobs in NYC Construction Industry Took Huge Hit During Pandemic, Over 14% Decline
… 25 years, with more than half the losses coming from New York City, according to a report released today by State … a devastating impact on the construction industry in New York City,” DiNapoli said. “The sector started back up last … said Carlo A. Scissura, president and CEO of the New York Building Congress. “Comptroller DiNapoli’s report …
https://www.osc.ny.gov/press/releases/2021/06/dinapoli-jobs-nyc-construction-industry-took-huge-hit-during-pandemic-over-14-declineDiNapoli: Local Sales Taxes Jump 49.2 Percent in Second Quarter
… the COVID-19 pandemic,” said DiNapoli. “While this is good news, local leaders are advised to budget carefully. If this …
https://www.osc.ny.gov/press/releases/2021/07/dinapoli-local-sales-taxes-jump-49-point-2-percent-second-quarterDiNapoli: Wall St. Profits Soared in First Half of 2020
… pretax profits reach $27.6 billion in the first six months of 2020, an 82 percent increase over the same period last … annual report on Wall St.’s performance . “An injection of federal stimulus money, plummeting interest rates and … the securities industry provides an outsized source of revenue, but the rising profits on Wall Street are …
https://www.osc.ny.gov/press/releases/2020/10/dinapoli-wall-st-profits-soared-first-half-2020Comptroller DiNapoli and A.G. Schneiderman Announce Sentencing of Former City of Rensselaer Department of Public Works Commissioner on Felony Charges For Stealing Scrap Metal Proceeds
… Eric T. Schneiderman today announced the sentencing of Thomas Capuano, the former Commissioner of the Department of Public Works (DPW) of the city of Rensselaer, for his role … Comptroller DiNapoli announced the sentencing of Thomas Capuano the former Commissioner of the Dept of …
https://www.osc.ny.gov/press/releases/2015/06/comptroller-dinapoli-and-ag-schneiderman-announce-sentencing-former-city-rensselaer-department-publicMotor Vehicle Theft and Insurance Fraud Prevention Program (2022-M-2)
To determine whether the Division of Criminal Justice Services (DCJS) has complied with Article 36-A of the State Executive Law for revenues received by and expenditures made from the Motor Vehicle Theft and Insurance Fraud Prevention Fund and from any other source for purposes of the Motor ...
https://www.osc.ny.gov/files/state-agencies/audits/pdf/sga-2024-22m2.pdfEconomic and Policy Insight: New York State’s Clean Energy Fund
Between 2016 and 2032, the CEF is approved to collect $7.5 billion. Review of CEF-supported programs indicates some have exceeded the goals set out by the New York State Public Service Commission (PSC), while others appear not to be on track to reach their 2025 targets.
https://www.osc.ny.gov/files/reports/pdf/clean-energy-fund.pdfCommon Reporting Errors: From AUD to AFR
In this session, you will learn about common reporting errors made by local governments when completing annual reports and our staff will explain how to correctly report the underlying transactions. The presenters will provide examples of these errors as made in the Annual Update Document (AUD) and
https://www.osc.ny.gov/files/local-government/academy/pdf/common-reporting-errors-aud-afr-12-7-22.pdfThe Economic Impact of the Great Outdoors
Outdoor recreation in New York provided $21.1 billion in economic activity in 2020 and supported over 241,000 jobs. While New York ranks fourth in the nation on GDP generated by outdoor recreation, outdoor recreation represents a more significant part of the economy in nearly every other state.
https://www.osc.ny.gov/files/reports/pdf/economic-impact-great-outdoors.pdfLocal Sales Taxes Surge 49.2 Percent in April-June 2021 Over Same Quarter in 2020: Statewide Collections Strong Even Compared to Pre-Pandemic Period
Local sales tax collections in New York State grew by 49.2 percent, or just over $1.6 billion, in the second quarter of 2021 compared to the same period last year, a dramatic increase from last year’s weak collections during the first wave of the COVID-19 pandemic.
https://www.osc.ny.gov/files/local-government/publications/pdf/local-sales-taxes-surge-in-april-june-2021.pdfDiNapoli: NYC Facing Larger Budget Gaps Amid Slowing Economic Growth and Rising Costs
… economic growth, rising costs and the restructuring of the funding relationship between the federal government, states … the need arises, as well as prepare for potential federal funding cuts down the road.” Uncertainty from Washington New … Authority (MTA) subsidies, and overtime costs. Trends in the provision of social services, such as public …
https://www.osc.ny.gov/press/releases/2025/12/dinapoli-nyc-facing-larger-budget-gaps-amid-slowing-economic-growth-and-rising-costsDiNapoli: Former Le Roy Fire Department Treasurer Stole Nearly $50,000 in Public Funds
… records in the first degree (class E Felony). “This official blatantly took advantage of his position to enrich … has control of the purse strings, it can be too easy for the misuse of public money to go undetected. I want to thank Genesee County District Attorney Lawrence …
https://www.osc.ny.gov/press/releases/2014/10/dinapoli-former-le-roy-fire-department-treasurer-stole-nearly-50000-public-fundsDiNapoli Releases February State Cash Report
… New York state is on target to reach year-end revenue projections with collections of $67.8 billion in taxes through the first … hit the Division of the Budget’s (DOB) projections, which is expected. “New York’s improved fiscal position, thanks to … New York state is on target to reach yearend revenue projections with …
https://www.osc.ny.gov/press/releases/2016/03/dinapoli-releases-february-state-cash-reportInvestors: Exxon Needs to Step Up on Climate Change
… the rising tide of investor concern over climate change, is shortsighted and puts shareholders’ investments in … how the Paris commitment will affect its bottom line." "I am looking forward to being at the ExxonMobil AGM in Dallas tomorrow to make the case for this resolution in person," said Edward Mason, the Head …
https://www.osc.ny.gov/press/releases/2017/05/investors-exxon-needs-step-climate-changeDiNapoli: New York on Stronger Financial Footing
… able to deposit $175 million in the Rainy Day Reserve Fund for the first time since 2008, according to a report on the … to less than 2 percent while providing increased aid for schools and tax cuts. Past budget practices that had … appeared in this year’s budget. My concern continues to be for New York to achieve long-term structural budget balance. …
https://www.osc.ny.gov/press/releases/2014/04/dinapoli-new-york-stronger-financial-footingDiNapoli High-Tech is on the Rise in NYC
… High-tech is one of the fastest growing industries in New York City, growing four times faster than the rate of job growth in the rest of the city’s economy, with annual salaries that are well … Hightech is one of the fastest growing industries in New York City growing …
https://www.osc.ny.gov/press/releases/2014/04/dinapoli-high-tech-rise-nycOpinion 93-8
… Finance Law, §54.90 may provide at the time of original issuance that the interest rate payable under the obligation … Finance Law, §54.90 may provide at the time of original issuance that the interest rate payable on such obligation … ... set forth or referred to in the bonds or notes". The issuance of variable rate bonds or notes, however, is subject …
https://www.osc.ny.gov/legal-opinions/opinion-93-8DiNapoli: As Share of New Yorkers Without Health Insurance Reached New Low, Disparities Persisted Among Black, Asian, and Latino Populations
… available). Coverage disparities persist among the state’s Black, Asian and Latino populations and higher uninsured … not have insurance, compared to 10% of Hispanic and 6% of Black and Asian New Yorkers. The highest uninsurance rates …
https://www.osc.ny.gov/press/releases/2023/08/dinapoli-share-new-yorkers-without-health-insurance-reached-new-low-disparities-persisted-among-blackMotor Vehicle Theft and Insurance Fraud Prevention Program (2022-M-2) 180-Day Response
To determine whether the Division of Criminal Justice Services (DCJS) has complied with Article 36-A of the State Executive Law for revenues received by and expenditures made from the Motor Vehicle Theft and Insurance Fraud Prevention Fund and from any other source for purposes of the Motor Vehicle
https://www.osc.ny.gov/files/state-agencies/audits/pdf/sga-2024-22m2-response.pdf