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DiNapoli: MTA Faces Its Greatest Challenges in Decades
… 53 percent since 2007, nearly three times faster than the rate of inflation. Fares and tolls are scheduled to rise 4 … employees. Read the report , or go to: https://osc.state.ny.us/osdc/rpt8-2019-mta-financial-outlook.pdf Find out how …
https://www.osc.ny.gov/press/releases/2018/10/dinapoli-mta-faces-its-greatest-challenges-decadesDiNapoli Releases Executive Budget Report
… Governor and the Legislature, legal settlements and robust tax revenues this year,” DiNapoli said. “Yet structural … on campaign contributions. Fiscal Position Growth in tax collections and lower-than-anticipated spending through … percent increase that would be allowed under a statutory cap linked to growth of personal income in the state. …
https://www.osc.ny.gov/press/releases/2016/02/dinapoli-releases-executive-budget-reportOpinion 99-16
… Conditions (indemnification provision in custodial bank agreement) TOWNS -- Powers and Duties (authority to indemnify … of 1992 (see Office of the State Comptroller's Financial Management Guide, Cash Management and Investment Policies and … for damages sustained through the town's use of the leased property as a town garbage dump. We indicated that the …
https://www.osc.ny.gov/legal-opinions/opinion-99-16Opinion 90-1
… of Senate Bill No. 8895, enacted as L 1986 ch 812, New York StateLegislative Annual, 1986, pp 339-340). In view of …
https://www.osc.ny.gov/legal-opinions/opinion-90-1Opinion 89-53
… control of the fire department (Insurance Law, §§9104[a][1]-[3]; 9105[d][2][B]-[D]). In a multi-company fire … department of which it is part (Insurance Law, §9104[f][1]; 9105[d][3][A]). Insurance Law, §§9104 and 9105, however, …
https://www.osc.ny.gov/legal-opinions/opinion-89-53Opinion 90-54
… other person. We have been asked to discuss the procedures for the equitable distribution of retirement benefits payable … (ERISA) and the Internal Revenue Code (IRC) which provide for Qualified Domestic Relations Orders (QDRO's) (see ERISA, … Retirement System will not establish a separate account for an alternate payee. The pension funds payable to a member …
https://www.osc.ny.gov/legal-opinions/opinion-90-54XIV.2 Obligation, Accounting and Budget Dates – XIV. Special Procedures
… operational advisories regarding open accounting periods. Obligation Date – The Obligation Date is the date goods were received or … maintenance, contracts, and rent are generally made based on contractual or other types of agreements. The obligation …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xiv/xiv2-obligation-accounting-and-budget-datesState Comptroller DiNapoli Releases State Revenue Projection to Reflect Coronavirus Impact
… a more severe recession or sharper declines in the stock market occur, which could lower tax revenues by more than $7 … to rule out a more severe recession or sharper stock market declines; if either occurs, the revenue outlook could …
https://www.osc.ny.gov/press/releases/2020/03/state-comptroller-dinapoli-releases-state-revenue-projection-reflect-coronavirus-impactDiNapoli: Thruway Authority Toll Increases Should Be Last Option
… schedule of systemwide toll increases to begin in 2024, but a new report from State Comptroller Thomas P. … for higher toll rates that would take effect on Jan. 1, 2024, and again on Jan. 1, 2027, for the highway system and barriers, and annually over four years beginning in 2024 for the Governor Mario M. Cuomo (Cuomo) Bridge. It also …
https://www.osc.ny.gov/press/releases/2023/02/dinapoli-thruway-authority-toll-increases-should-be-last-optionDiNapoli Calls for Long-Needed State Debt Reform
… debt levels, largely because measures to restrict the excessive use of debt have been circumvented over the years … translates into higher borrowing costs for the state. Excessive debt is costly to residents and misuse of debt can … All state debt should be required to be issued with a level or declining debt service structure, be limited to a …
https://www.osc.ny.gov/press/releases/2023/01/dinapoli-calls-long-needed-state-debt-reformVII.3 AP Adjustment Voucher Overview – VII. State Revenues and Appropriated Loan Receivables
… returns of original purchases made on State issued Procurement cards (PCards)). Reductions and/or close out of … The refund is from a vendor for items purchased with a procurement card. For example, the original voucher was paid to the …
https://www.osc.ny.gov/state-agencies/gfo/chapter-vii/vii3-ap-adjustment-voucher-overviewState Comptroller DiNapoli Releases Municipal & School Audits
… earnings. Village officials did not: solicit interest rate quotes or prepare monthly cash flow forecasts, or; …
https://www.osc.ny.gov/press/releases/2024/04/state-comptroller-dinapoli-releases-municipal-school-auditsOpinion 88-62
… (creation of capital reserve fund to finance) REFUSE AND GARBAGE -- Solid Waste Facility (creation of capital … a capital reserve fund to finance the cost of closing and capping a landfill owned by the town and may pay into … landfill will provide environmental and public health benefits into the future as well as in the present (see …
https://www.osc.ny.gov/legal-opinions/opinion-88-62DiNapoli and William Glasgall Op-Ed
… important questions: How have these funds been used? How do state and local finances look in the aftermath of the …
https://www.osc.ny.gov/press/releases/2023/08/dinapoli-and-william-glasgall-op-edDiNapoli: Some Affordable Apartments for Seniors Left Vacant for Years
… the audit found that there is more they can do to make sure those next in line are not passed over and …
https://www.osc.ny.gov/press/releases/2023/07/dinapoli-some-affordable-apartments-seniors-left-vacant-yearsState Comptroller DiNapoli Releases Municipal Audits
… of unrestricted fund balance. As a result, real property tax obligations for town residents were likely higher than …
https://www.osc.ny.gov/press/releases/2025/05/state-comptroller-dinapoli-releases-municipal-auditsReal Property Tax Cap Information - Glossary
… amount local governments are permitted to increase their real property tax levies. Either two percent or inflation, … a local law (by a 60 percent vote of the governing body, or in the case of school districts, 60 percent popular … determination of “quantity change.” Never negative. … Real Property Tax Cap Information Glossary …
https://www.osc.ny.gov/local-government/property-tax-cap/real-property-tax-cap-information-glossaryJune 2002: GASB Statement 34
… Standards Board (GASB) has been working to create a new financial reporting model. The objective of the project …
https://www.osc.ny.gov/local-government/publications/june-2002-gasb-statement-34SUNY Maritime College Review of PCard Transactions and TCard Expenses
… select purchases made on State-issued Procurement and Travel credit cards, along with travel expenses made by SUNY … and the Office of the State Comptroller (OSC) Travel Manual guidelines. Background Certain Maritime employees are …
https://www.osc.ny.gov/state-agencies/audits/2019/06/07/suny-maritime-college-review-pcard-transactions-and-tcard-expensesState Comptroller DiNapoli Releases Municipal Audits
… P. DiNapoli today announced his office completed audits of the Village of Ballston Spa , Town of Schroon , St. Paul … and seek competition for professional services. Find out how your government money is spent at Open Book New York . …
https://www.osc.ny.gov/press/releases/2018/10/state-comptroller-dinapoli-releases-municipal-audits