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Town of Hopewell – Fund Balance and Budget Monitoring (2013M-231)
… September 30, 2013. Background The Town of Hopewell is located in Ontario County. The Town is governed by the … water fund has retained excessive amounts of unexpended surplus fund balance. Unexpended surplus funds were … and $10,000 in 2012. Because the Board considered that the tax levies were no longer sustainable without significant …
https://www.osc.ny.gov/local-government/audits/town/2014/01/10/town-hopewell-fund-balance-and-budget-monitoring-2013m-231DiNapoli:Two Fortune 500 Retailers Agree to Increased Use of Renewable Energy
… P. DiNapoli today announced that Fortune 500 retailers Best Buy and Nordstrom have agreed to the New York State … Goldman Sachs among its members. The Fund owns shares of Best Buy and Nordstrom with estimated values of $32 million …
https://www.osc.ny.gov/press/releases/2016/05/dinapolitwo-fortune-500-retailers-agree-increased-use-renewable-energyHigher Education – 2023 Financial Condition Report
… Enrollment In academic year 2022-23, New York State public and private … (FTE) enrollment at public institutions decreased in 2022-23 by almost 17 percent compared to 2018-19 and by …
https://www.osc.ny.gov/reports/finance/2023-fcr/higher-educationCity of Lockport – Budget Review (B24-1-8)
… [ read complete report – pdf ] Purpose The purpose of our budget review was to provide an independent evaluation of the City’s proposed budget for 2025. Background Chapter 332 of … Chapter 147 of the Laws of 2015 (the Act), authorized the City to issue debt to liquidate the accumulated deficits in …
https://www.osc.ny.gov/local-government/audits/city/2024/11/08/city-lockport-budget-review-b24-1-8Minority- and Women-Owned Business Enterprises (MWBEs)
… with the intent to increase our annual participation. Get Certified In order to take advantage of the State’s MWBE program, you must first certify your business as a MWBE with the … Apply Online on the Empire State Development website. Do Business with New York State New York State offers many …
https://www.osc.ny.gov/state-vendors/resources/minority-and-women-owned-business-enterprises-mwbesDiNapoli: Local Sales Tax Collections Down 7.8 Percent in August
… tax revenue declined by 7.8 percent in August compared to the same period last year, according to State Comptroller … is similar to the decline in July of 8.2 percent, though much less extreme than the early months of the pandemic when … by Region (for detailed monthly breakdown) Find out how your government money is spent at Open Book New York . …
https://www.osc.ny.gov/press/releases/2020/09/dinapoli-local-sales-tax-collections-down-78-percent-augustOther Bulletin No. 17
… results in a salary below the Job Rate of the grade of the new position and has received an April 2013 LLS payment, the …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/suny-construction-fund/other-17-april-2013-state-university-construction-fund-scf-civilNew York City’s Uneven Recovery: An Analysis of Labor Force Trends
… from Home During COVID-19. Will a Vaccine End That?”, USA Today , December 16, 2020, at …
https://www.osc.ny.gov/reports/osdc/new-york-citys-uneven-recovery-analysis-labor-force-trendsLocal Sales Tax Collections Grew Over 12 Percent in the Second Quarter of 2022
Local government sales tax collections in New York State totaled over $5.5 billion in the second quarter of 2022, an increase of 12.2 percent, or nearly $604 million, compared to the same quarter last year. April and May collections grew by 15.7 percent and 16.7 percent, respectively, while June inc
https://www.osc.ny.gov/files/local-government/publications/pdf/local-sales-tax-collections-grew-over-12-percent-in-second-quarter-of-2022.pdfState Agencies Bulletin No. 1594
… 15-B , during 2017, an employer may exclude the value of employer provided transportation benefits from an … will have deductions taken from the first two pay checks of each month of participation. The total monthly pre-tax deduction for …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1594-new-control-d-report-pre-and-post-tax-transit-and-pre-and-post-taxState Agencies Bulletin No. 1010
… Tax Rates Changes have been made to the calculation of federal withholding taxes for nonresident Aliens. IRS Notice 1036 and IRS Publication 15 (2010), which went into effect January 1, 2010, require these modifications. A new … the end of the year. Employees may want to increase their Federal Tax Withholding amount to offset these taxes. Changes …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1010-implementation-oraclepeoplesoft-tax-updates-and-maintenance-packsDiNapoli: NYC's Fiscal Picture Improves Short Term, but Significant Risks Lie Ahead
… preliminary fiscal year (FY) 2024 budget has benefitted from better-than-projected revenue collections, the … FY 2027 (18% of city-fund revenues), even when adjusting for stronger revenue collections. “The city’s steps to close … . Under State Comptroller DiNapoli’s open data initiative, search millions of state and local government financial …
https://www.osc.ny.gov/press/releases/2023/02/dinapoli-nycs-fiscal-picture-improves-short-term-significant-risks-lie-aheadDiNapoli: New York City's Budget Outlook Improves
… benefited New York City’s budget outlook for Fiscal Year (FY) 2025, but funding for education and social services … Plan enabled the city to increase current year (FY 2024) spending to $115.8 billion (adjusted for prepayments), …
https://www.osc.ny.gov/press/releases/2024/02/dinapoli-new-york-citys-budget-outlook-improvesDiNapoli: NYC's 2024 Budget Balanced, but Risks Loom
… A $5.5 billion surplus from last fiscal year and $1.7 billion in savings from the … helped New York City balance its $112.6 billion budget for city fiscal year (FY) 2024, despite $2.9 billion in costs … The city expects its $5.1 billion budget shortfall in FY 2025 to reach $7.9 billion in FY 2027, with cumulative gaps …
https://www.osc.ny.gov/press/releases/2023/08/dinapoli-nycs-2024-budget-balanced-risks-loomDiNapoli: MTA Financial Outlook in Precarious Balance
… DiNapoli said. “It has so far survived the worst crisis in its history by covering budgets with massive federal aid. … extreme weather and maximizing new sources of revenue are all challenges the MTA needs to address before emergency … average of 4.2%, higher than projected inflation. In 2025, when federal aid runs out, the MTA plans to balance its …
https://www.osc.ny.gov/press/releases/2021/09/dinapoli-mta-financial-outlook-precarious-balanceDiNapoli: New Yorkers Could Lose $72B in Reported State and Local Tax Deductions Under Trump Plan
… downstate counties reported high average deductions in this category, including New York County at $60,384, …
https://www.osc.ny.gov/press/releases/2017/10/dinapoli-new-yorkers-could-lose-72b-reported-state-and-local-tax-deductions-under-trump-planDiNapoli Calls for NYC to Bolster Reserves as Economy Rebounds Amid Rising Spending
… city’s expired labor contracts remains a question in the near future. Coupled with a target of $1 billion in labor … spending risks still exceed $600 million in FY 2023, and near $1 billion in FY 2025. In order to achieve long-term …
https://www.osc.ny.gov/press/releases/2021/08/dinapoli-calls-nyc-bolster-reserves-economy-rebounds-amid-rising-spendingDiNapoli: Percentage of New Yorkers With Mental Illness Rose as Available Psychiatric Beds Declined
… The mental health needs of New Yorkers have greatly increased, with 21.1% of adults struggling with mental Illness and 5.1% with a severe mental illness in …
https://www.osc.ny.gov/press/releases/2024/03/dinapoli-percentage-new-yorkers-mental-illness-rose-available-psychiatric-beds-declinedRetiree Annual Statement
… when your Statement is available. Use Retirement Online to Get Your Statement To view, save or print your Statement: Sign in to Retirement Online . Look under My Account Summary . Click View My Retiree Annual Statement … by State law. For information about COLA eligibility and how it’s calculated, visit our Cost-of-Living Adjustment …
https://www.osc.ny.gov/retirement/retirees/retiree-annual-statementDiNapoli: Recently Enacted Federal Tax Provisions Disproportionately Benefit Those With Higher Incomes
… under Public Law No: 119-21 at the beginning of July and how they may impact New Yorkers. While the bill made … on Taxation (JCT) estimates that under the new law, over one-third of the net tax reductions in calendar year … interest on new car loans are in effect only for tax years 2025 to 2028, and limited to taxpayers with Social Security …
https://www.osc.ny.gov/press/releases/2025/09/dinapoli-recently-enacted-federal-tax-provisions-disproportionately-benefit-those-higher-incomes