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City of Yonkers - Budget Review (B19-6-5)
… and expenditure projections in the City’s proposed budget for the 2019-20 fiscal year are reasonable. Background The … of 2014 requires the City to submit its proposed budgets for the next fiscal year to the State Comptroller and the Commissioner of Education for review while the deficit obligations are outstanding. Key …
https://www.osc.ny.gov/local-government/audits/city/2019/05/17/city-yonkers-budget-review-b19-6-5City of Yonkers – Budget Review (B21-6-8)
… and $587.9 million for the City. The 2021-22 budget is $16.7 million more than the City’s budget for 2020-21, an …
https://www.osc.ny.gov/local-government/audits/city/2021/07/02/city-yonkers-budget-review-b21-6-8DiNapoli: New York Jobs Top 9 Million, New Statewide High
… New York reached its highest employment level ever of more … steady gains. Job growth was uneven across the state, with New York City gaining three out of four new statewide jobs …
https://www.osc.ny.gov/press/releases/2015/08/dinapoli-new-york-jobs-top-9-million-new-statewide-highDiNapoli: Audit Finds $6.8 Million in Medicaid Overpayments
… New York state’s Medicaid system made approximately $6.8 million in …
https://www.osc.ny.gov/press/releases/2016/11/dinapoli-audit-finds-68-million-medicaid-overpaymentsDiNapoli: Coronavirus Will Cause Multi-Year Hit to State Finances
… state received almost $3.8 billion in Coronavirus Relief Fund resources earlier this month, the total amount of …
https://www.osc.ny.gov/press/releases/2020/04/dinapoli-coronavirus-will-cause-multi-year-hit-state-financesDiNapoli: 16 School Districts Designated in Fiscal Stress
… designated in some level of fiscal stress under New York State Comptroller Thomas P. DiNapoli’s Fiscal Stress … the current and future budget cycles as one-time federal funds are depleted and state aid is uncertain.” In response …
https://www.osc.ny.gov/press/releases/2024/01/dinapoli-16-school-districts-designated-fiscal-stressDiNapoli: MTA Faces Worst Financial Crisis in History
… and long-lasting damage that could impair regional transit for decades, according to New York State Comptroller Thomas … as parts of the economy reopen, fare and toll revenues for 2020 through 2023 are projected to be $10.3 billion lower … commuter railroad service by 50 percent. Fares and toll increases may rise beyond the 4 percent hikes already planned …
https://www.osc.ny.gov/press/releases/2020/10/dinapoli-mta-faces-worst-financial-crisis-historyDiNapoli: Comprehensive Planning Needed for Billions in State Infrastructure Spending
… five years on capital projects, but would benefit from a more comprehensive assessment of its capital assets and … needs to develop a better strategy and a clear roadmap for its infrastructure investments.” The State Fiscal Year … is incorporated into the Capital Plan. However, five years does not provide an adequate planning window for assets that …
https://www.osc.ny.gov/press/releases/2019/08/dinapoli-comprehensive-planning-needed-billions-state-infrastructure-spendingCity of Yonkers – Budget Review (B20-6-6)
… [ read complete report - pdf ] Purpose of Budget Review The purpose of our budget review was to identify issues which impact the … taxes may be limited in future years if property values do not increase. Key Recommendations Replace nonrecurring …
https://www.osc.ny.gov/local-government/audits/city/2020/06/24/city-yonkers-budget-review-b20-6-6DiNapoli: Contribute to 529 College Savings Account by Dec. 31 for Tax Benefits
… lower fees, higher maximum balances and the elimination of the $25 minimum contribution fees make it easier to save … to $10,000 each year.* "Now's the time to take advantage of the improvements we're making to New York's 529 College … https://www.nysaves.org/nytpl/literatureforms/getPDFForm.do?cmsPDF=DisclosureBooklet.pdf . No guarantee: None of the …
https://www.osc.ny.gov/press/releases/2017/12/dinapoli-contribute-529-college-savings-account-dec-31-tax-benefitsIX.8.C Payments to the U.S. Treasury and U.S. Department of Education – IX. Federal Grants
… Department of Education due to: Excessive cash balances on deposit that are not needed for program purposes; Unspent … award is open in the federal draw system, and OSC draws on your behalf, this return will be processed through the … a refund check was deposited via Refund of Appropriation (ROA) OR the corresponding chartstring where expenditures have …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix8c-payments-us-treasuryDiNapoli Releases Year-End State Cash Report
… billion in State Fiscal Year (SFY) 2016-17, a decline of $300.1 million or 0.4 percent from last fiscal year, … tax receipts exceeded the latest projections at the end of the fiscal year, they were more than offset by lower … strong cash position starting the new fiscal year, because of factors including General Fund spending that was well …
https://www.osc.ny.gov/press/releases/2017/04/dinapoli-releases-year-end-state-cash-reportDiNapoli: Environmental Protection Fund Spending Reflects Historic State Commitment
… Disbursements from New York's Environmental Protection Fund (EPF), one of … Historically, the EPF's cash disbursements have lagged behind authorized spending levels. Over its life, more than $953 million has been diverted from the EPF to the General Fund for budget relief. While …
https://www.osc.ny.gov/press/releases/2018/03/dinapoli-environmental-protection-fund-spending-reflects-historic-state-commitmentNew York City’s Uneven Recovery: Mothers in the Workforce
… Office of Performance Management and Data Analytics, HRA Program Facts and Reports, https://www.nyc.gov/assets/hra/downloads/pdf/facts/hra_facts/2023/hra_facts_2023_01.pdf . 11 Office of the …
https://www.osc.ny.gov/reports/osdc/new-york-citys-uneven-recovery-mothers-workforceDiNapoli: Tax Revenues Through May $4 Billion Over Enacted Budget Projections
… State tax receipts through the first two months of State Fiscal Year (SFY) 2021-22 were $4 billion higher … “The strong tax collections through the first two months of the state fiscal year is good news and gives reason for … year from final returns and extension requests. Year-to-date, consumption and use tax collections were $2.9 billion, …
https://www.osc.ny.gov/press/releases/2021/06/dinapoli-tax-revenues-through-may-4-billion-over-enacted-budget-projectionsThe Construction Industry in New York City: Recent Trends and Impact of COVID-19
… 2021 PDF Version En Español Highlights In 2020, New York State had the fourth-largest construction sector in the … State’s worst annual decline in more than 25 years. New York City accounted for more than half the industry’s …
https://www.osc.ny.gov/reports/osdc/construction-industry-new-york-city-recent-trends-and-impact-covid-19East Ramapo Central School District – Budget Review (B25-5-2)
… 89 of the Laws of 2016, as amended, the New York State (NYS) Department of Education (SED) is required to appoint up … settled. Our review of District records, as of January 31, 2025, indicates the District will not use the $19.2 million …
https://www.osc.ny.gov/local-government/audits/school-district/2025/04/03/east-ramapo-central-school-district-budget-review-b25-5-2City of Yonkers – Budget Review (B23-6-6)
… which impact the City of Yonkers’ financial condition in the current and future years. Background The Office of … year 2023-24 and the related justification documents are in material compliance with the requirements of the Fiscal … to borrow up to $15 million for tax certiorari settlements in the 2023-24 fiscal year. Tax certiorari is the legal …
https://www.osc.ny.gov/local-government/audits/city/2023/07/07/city-yonkers-budget-review-b23-6-6DiNapoli: Statewide Local Sales Tax Collections Surge Nearly 58 Percent in May
… in 2020, the highest one month increase in recent history, State Comptroller Thomas P. DiNapoli announced today. … of the COVID-19 pandemic and the standstill it created in New York state in March 2020,” DiNapoli said. “Combined with …
https://www.osc.ny.gov/press/releases/2021/06/dinapoli-statewide-local-sales-tax-collections-surge-nearly-58-percent-mayUpdate on New York’s Unemployment Insurance Trust Fund: Challenges Continue
The devastating job losses caused by the COVID-19 pandemic led to a record number of unemployment insurance (UI) claims in New York, necessitating borrowing from the federal government beginning in May 2020.
https://www.osc.ny.gov/files/reports/pdf/update-unemployment-insurance-trust-fund.pdf