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DiNapoli: Coronavirus Will Cause Multi-Year Hit to State Finances
… ultimate price of the coronavirus remains undetermined. What is clear is that Washington must do more to help stabilize … make broad reductions in most local assistance spending as needed to maintain budget balance. Separate provisions …
https://www.osc.ny.gov/press/releases/2020/04/dinapoli-coronavirus-will-cause-multi-year-hit-state-financesCity of Yonkers – Budget Review (B23-6-5)
… and expenditure projections in the City’s proposed budget for the 2023-24 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. …
https://www.osc.ny.gov/local-government/audits/city/2023/05/16/city-yonkers-budget-review-b23-6-5DiNapoli: Comprehensive Planning Needed for Billions in State Infrastructure Spending
… not provide an adequate planning window for assets that have significantly longer useful lives, such as bridges, … plan. As noted in the report, billions of dollars of debt have been issued to finance capital spending that will not …
https://www.osc.ny.gov/press/releases/2019/08/dinapoli-comprehensive-planning-needed-billions-state-infrastructure-spendingThe Construction Industry in New York City: Recent Trends and Impact of COVID-19
… of COVID-19 June 2021 PDF Version En Español Highlights In 2020, New York State had the fourth-largest construction … spending in the City fell from a record high in 2019 to $55.5 billion, an 8.5 percent decline. Construction firms … economic output. The COVID-19 pandemic brought a halt to the growth of the construction industry nationwide which, …
https://www.osc.ny.gov/reports/osdc/construction-industry-new-york-city-recent-trends-and-impact-covid-19DiNapoli: Audit Finds $6.8 Million in Medicaid Overpayments
… auditors found several cases in which the Department of Health’s eMedNY system failed to catch millions in … Medicaid program, administered by the state Department of Health (DOH), is a federal, state, and locally funded program … $3,521,562 in overpayments for 14,983 fee-for-service clinic claims that were inappropriate. The claims were …
https://www.osc.ny.gov/press/releases/2016/11/dinapoli-audit-finds-68-million-medicaid-overpaymentsCity of Yonkers – Budget Review (B20-6-6)
… $15.6 million more than the City’s budget for 2019-20, an increase of 1.3 percent. Key Findings The 2020-21 budget … such as fund balance, one-time State funding and sale of property, to balance its budget. Firefighting overtime costs … costs. The City plans to borrow up to $15 million for tax certiorari settlements in the 2020-21 fiscal year. Over …
https://www.osc.ny.gov/local-government/audits/city/2020/06/24/city-yonkers-budget-review-b20-6-6DiNapoli: 16 School Districts Designated in Fiscal Stress
… by school districts (excluding New York City and the Big Four) increased from $15.1 billion in SY 2021-22, to … release of scores, which excludes New York City and the “Big Four” City School Districts of Buffalo, Rochester, …
https://www.osc.ny.gov/press/releases/2024/01/dinapoli-16-school-districts-designated-fiscal-stressDiNapoli Report Highlights Local Government Reliance on Federal Aid
… New York's local governments received in 2015 supported a broad range of purposes, which includes social services, …
https://www.osc.ny.gov/press/releases/2017/07/dinapoli-report-highlights-local-government-reliance-federal-aidDiNapoli: Environmental Protection Fund Spending Reflects Historic State Commitment
… other state lands; and provided aid to zoos, aquaria and botanical gardens. Read the report , or go to: …
https://www.osc.ny.gov/press/releases/2018/03/dinapoli-environmental-protection-fund-spending-reflects-historic-state-commitmentDiNapoli: Tax Revenues Through May $4 Billion Over Enacted Budget Projections
… the first two months of the state fiscal year is good news and gives reason for optimism about the economic recovery. … billion year-to-year increase in personal income tax (PIT) receipts. Much of this change is attributable to delays … Cash Report Find out how your government money is spent at Open Book New York . Track municipal spending, the state's …
https://www.osc.ny.gov/press/releases/2021/06/dinapoli-tax-revenues-through-may-4-billion-over-enacted-budget-projectionsDiNapoli: MTA Faces Worst Financial Crisis in History
… request for $12 billion from the federal government to balance its budget through 2021, but it remains uncertain …
https://www.osc.ny.gov/press/releases/2020/10/dinapoli-mta-faces-worst-financial-crisis-historyEast Ramapo Central School District – Budget Review (B25-5-2)
… and expenditure projections in the Districts adopted 202425 budget were reasonable …
https://www.osc.ny.gov/local-government/audits/school-district/2025/04/03/east-ramapo-central-school-district-budget-review-b25-5-2DiNapoli: Contribute to 529 College Savings Account by Dec. 31 for Tax Benefits
… that not only are contributions to New York's 529 College Savings Program accounts tax deductible* but now lower fees, … for continuing higher education. New York's 529 College Savings Program is an investment tool designed to help … of the improvements we're making to New York's 529 College Savings Program and give the gift of savings for higher …
https://www.osc.ny.gov/press/releases/2017/12/dinapoli-contribute-529-college-savings-account-dec-31-tax-benefitsDiNapoli Releases Year-End State Cash Report
… million or 0.4 percent from last fiscal year, according to the state cash report issued today by State Comptroller … with the Executive Budget in February, primarily due to lower than anticipated business tax collections in March. … $2.2 billion largely because of federally funded payments to the Essential Plan Program) and Medicaid (up $2.8 billion …
https://www.osc.ny.gov/press/releases/2017/04/dinapoli-releases-year-end-state-cash-reportChanges in Federal Policies Pose Significant Risks for New York City's Budget
… the amount of aid the city receives from Albany. The Governor is scheduled to release his executive budget for FY 2019 in mid-January 2018. In the past, the Governor has proposed gap-closing actions that would have had …
https://www.osc.ny.gov/press/releases/2017/12/changes-federal-policies-pose-significant-risks-new-york-citys-budgetNew York State’s Aging Prison Population: Share of Older Adults Keeps Rising
… Share of Older Adults Keeps Rising January 2022 PDF Version Message … from the Comptroller The safe and efficient operation of the corrections system in New York State is critically … to find success upon release, and ensuring the wise use of public resources. In 2017, the Office of the State …
https://www.osc.ny.gov/reports/new-york-states-aging-prison-population-share-older-adults-keeps-risingDiNapoli: NYC Finances Gain Stronger Footing
… recovering, largely due to unprecedented federal economic stimulus for businesses and individuals, and direct federal … limitations are rolled back and federal relief and stimulus funds make their way through the region,” DiNapoli … recovering largely due to unprecedented federal economic stimulus for businesses and individuals and direct federal …
https://www.osc.ny.gov/press/releases/2021/06/dinapoli-nyc-finances-gain-stronger-footingNew York State Comptroller Thomas P. DiNapoli Statement on Moody's Upgrade of New York State General Obligation Bonds
… “Today’s announcement by Moody’s Investors Service brings New York’s … of the highest attainable bond rating, Aaa. “The Moody’s announcement is a clear signal to investors that New York is … Todays announcement by Moodys Investors Service brings New Yorks …
https://www.osc.ny.gov/press/releases/2014/06/new-york-state-comptroller-thomas-p-dinapoli-statement-moodys-upgrade-new-york-state-generalDiNapoli: Statewide Local Sales Tax Collections Surge Nearly 58 Percent in May
… economy continues to improve as spending rebounds from the effects of the COVID-19 pandemic and the standstill it … will help New York’s local governments rebound from the effects of last year’s revenue shortfalls.” The extraordinary …
https://www.osc.ny.gov/press/releases/2021/06/dinapoli-statewide-local-sales-tax-collections-surge-nearly-58-percent-mayDiNapoli Releases Analysis of Federal Funding for New York City
… Year (FY) 2026 operating budget relies on $7.4 billion in federal government funding, accounting for 6.4% of total … P. DiNapoli. DiNapoli’s office estimates that recent federal government actions to cut grant programs could jeopardize at least $535 million of federal aid in FY 2025 and FY 2026, but notes that nearly all …
https://www.osc.ny.gov/press/releases/2025/04/dinapoli-releases-analysis-federal-funding-new-york-city