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Message from the Comptroller – 2022 Financial Condition Report
… and accompanying volatility in the State’s finances, New York ended the State Fiscal Year (SFY) 2021-22 budget on … supply chain disruptions, and high rates of inflation. My hope is that this Financial Condition Report can serve as a …
https://www.osc.ny.gov/reports/finance/2022-fcr/message-comptrollerXII.8.F Changes to Vouchers After Submission to OSC – XII. Expenditures
… by ACH, this is the date that funds are made available in the vendor’s bank account, which is two business days …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xii/xii8f-changes-vouchers-after-submission-oscDiNapoli: New State Funds Open Door for MTA to Ease Debt, Build Stronger Future Budgets
… the Metropolitan Transportation Authority an opportunity to ease the pressure that growing debt places on its … stronger finances down the road will depend in part on how the MTA chooses to manage debt in the coming years. “The … to sound debt repayment practices without obscuring how debt is contributing to its budget deficits. However, …
https://www.osc.ny.gov/press/releases/2023/05/dinapoli-new-state-funds-open-door-mta-ease-debt-build-stronger-future-budgetsNew York’s Economy and Finances in the COVID-19 Era (April 16, 2021)
… to the economic hardships faced by small businesses and not-for-profit organizations due to the pandemic. It provides low-interest loans for payroll and other qualified expenses, such as rent and utility payments. The loan can be forgiven if the …
https://www.osc.ny.gov/reports/new-yorks-economy-and-finances-covid-19-era-april-16-2021DiNapoli Announces Fiscal Stress Scores
… calendar year basis (Jan. 1 – Dec. 31) for 2020 and covers all counties and towns, 44 cities, and 10 villages. In April, … Designated Inconclusive Excel Spreadsheet Detailed List of All Municipalities in State and Fiscal Stress Scores Report …
https://www.osc.ny.gov/press/releases/2021/09/dinapoli-announces-fiscal-stress-scoresXI.8.A Centralized Contracts – XI. Procurement and Contract Management
… A centralized contract is a contract let by the Office of General Services (OGS) for use … from centralized contracts are provided by OGS in the contract award notices available on the OGS website. Agencies …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xi/xi8a-centralized-contractsControls Over Transportation Services and Transportation-Related Expenses
… Our audit objective was to determine whether the Office for People With Developmental Disabilities (OPWDD) has established adequate controls to effectively monitor and ensure accountability over transportation expenses and … OPWDD transportation expenses (outside New York City) for the period April 1, 2016 through March 31, 2019 and …
https://www.osc.ny.gov/state-agencies/audits/2020/07/28/controls-over-transportation-services-and-transportation-related-expensesDiNapoli: Statewide Local Sales Tax Collections Declined 10 Percent in 2020
… by 10 percent overall in 2020, or $1.8 billion, compared to the previous year, according to a report issued today by State Comptroller Thomas P. … tax collections fell 6 percent statewide in 2009 compared to 2008. New York City’s sales tax collections were impacted …
https://www.osc.ny.gov/press/releases/2021/02/dinapoli-statewide-local-sales-tax-collections-declined-10-percent-2020Comptroller DiNapoli and Mayor Brown Urge Buffalo Residents to Claim $88 Million in Lost Money
… Byron Brown today urged local residents to search for unclaimed funds during a news conference at City Hall. DiNapoli said …
https://www.osc.ny.gov/press/releases/2017/03/comptroller-dinapoli-and-mayor-brown-urge-buffalo-residents-claim-88-million-lost-moneyState Comptroller DiNapoli Releases Audits
… the cost per child on five contracts ranged from $1,981 to $5,332. Auditors also identified $38,514 paid to six providers for program expenses that could not be … job title of special assistant to the president. Find out how your government money is spent at Open Book New York . …
https://www.osc.ny.gov/press/releases/2019/10/state-comptroller-dinapoli-releases-auditsDiNapoli Releases Report on Municipalities Close to Exceeding Tax Limits
… Thomas P. DiNapoli. The CTL is the maximum amount of real property tax a local government can raise in a single … are in a challenging financial position and have no room for error,” said DiNapoli. “The municipalities in danger of … real property values, such as a rapid increase in real estate prices or an economic downturn, can affect the limit. …
https://www.osc.ny.gov/press/releases/2019/08/dinapoli-releases-report-municipalities-close-exceeding-tax-limitsDiNapoli Announces More Climate Actions; NYS Pension Fund Launches Evaluation of Shale Oil and Gas Companies
… oil and gas companies to determine if they are prepared for the transition to a low-carbon economy, New York State … becoming a reality and companies that aren’t prepared for it could pay a heavy financial cost,” DiNapoli said. … in 2007, DiNapoli has been recognized as a global leader for his efforts to protect the Fund’s investments, address …
https://www.osc.ny.gov/press/releases/2021/08/dinapoli-announces-more-climate-actions-nys-pension-fund-launches-evaluation-shale-oil-and-gasXI.14.B Publication of Grants Opportunities – XI. Procurement and Contract Management
… Development (DED) will publish grant opportunities in the Contract Reporter. In addition, publication of grant opportunities in the State Register will also constitute “substantial …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xi/xi14b-publication-grants-opportunitiesDiNapoli: MTA Budget Continues to Face Serious Risks
… billion cost. While it is the largest capital program in the MTA’s history (costing 62 percent more than the … 2015-2019 program), not all sources of capital funding are in place. The federal government, for example, will need to approve congestion pricing, which is expected to begin in early 2021 and generate $15 billion for the capital …
https://www.osc.ny.gov/press/releases/2020/03/dinapoli-mta-budget-continues-face-serious-risksChild Care Stabilization Grants
… Objective To determine whether the Office of Children and Family … has established and maintained adequate internal controls to enable it to oversee and monitor child care stabilization … these benefits but could provide no further explanation on how the funds were spent. $51,517 in expenses claimed by two …
https://www.osc.ny.gov/state-agencies/audits/2024/11/07/child-care-stabilization-grantsDiNapoli: New York City Job Growth Continues to Set Records
… 900,000 jobs over the past ten years and its 24 percent rate of growth outpaced the nation and New York state, … York City’s unemployment rate is at a historic low and job growth over the past decade has been unprecedented,” … New York City is benefiting from the longest and largest job expansion since the end of World War II. The 907,600 jobs …
https://www.osc.ny.gov/press/releases/2020/02/dinapoli-new-york-city-job-growth-continues-set-recordsDiNapoli: NYC IDA Needs To Improve Its Administration of Business Tax Breaks and Monitoring of Job Creation
… breaks. Two other projects were terminated with the same number of employees as when they started but received …
https://www.osc.ny.gov/press/releases/2024/06/dinapoli-nyc-ida-needs-improve-its-administration-business-tax-breaks-and-monitoring-job-creationDiNapoli Proposes Reforms to Bolster State's Rainy Day Reserves
… The state’s two statutory rainy day reserve funds, the Tax Stabilization Reserve Fund (TSRF) and the Rainy Day …
https://www.osc.ny.gov/press/releases/2019/12/dinapoli-proposes-reforms-bolster-states-rainy-day-reservesNew York State Comptroller DiNapoli and California Controller Yee Urge S.E.C. to Mandate Climate Change Disclosures
… private sector is increasingly aware of the urgent need for climate risk disclosure. For example, a 2019 survey of 215 of the world's 500 largest … that they identified climate change as being material for 72 out of 79 industry sectors. As part of the letter …
https://www.osc.ny.gov/press/releases/2021/06/new-york-state-comptroller-dinapoli-and-california-controller-yee-urge-sec-mandate-climate-changeNYS Comptroller DiNapoli: Wall Street’s 2021 Bonuses Set a New Record
… by 19.6% to $44.9 billion. While fourth quarter results have not yet been released, they are expected to show … in 2021 and bonuses deferred from prior years that have been cashed in. The estimate does not include stock options or other forms of deferred …
https://www.osc.ny.gov/press/releases/2022/03/nys-comptroller-dinapoli-wall-streets-2021-bonuses-set-new-record