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DiNapoli Op-Ed: Act on Proposal to Help State & Local Governments Pay for Retiree Health Care
… are mounting. While public employers in New York annually pay contributions to pre-fund pensions, the same does not … retiree health insurance. The state and local governments pay the bill for health insurance every year on a … a mandate, to help fund these future benefits for present day employees. Under my proposal, public employers could set …
https://www.osc.ny.gov/press/releases/2015/06/dinapoli-op-ed-act-proposal-help-state-local-governments-pay-retiree-health-careControls Over Capital Improvements at City-Owned Homeless Shelters
… built up over many years. Capital investment includes new construction, renovations, and purchases of furnishings or … plan, it first goes through a design phase and then a construction phase. As of April 2019, there were 415 homeless … DHS had a total of 21 capital improvement contracts (17 construction and 4 design) with 69 projects (one contract can …
https://www.osc.ny.gov/state-agencies/audits/2020/08/25/controls-over-capital-improvements-city-owned-homeless-sheltersDebt – 2023 Financial Condition Report
… future borrowing. Limit the capacity to finance future capital assets and grants. New York State Ranks Second … debt was equivalent to 3.6 percent of State personal income. State-Supported debt outstanding is … Standard & Poor’s (S&P) Rating Services. These ratings are one step below the highest investment grade ratings. Ratings …
https://www.osc.ny.gov/reports/finance/2023-fcr/debtNYS and NYC Pension Funds To SEC: Greater Disclosure Needed On Risks Faced By Fossil Fuel Industry
… have explained how they will address the risks that rising sea levels and extreme weather pose to coastal refineries, …
https://www.osc.ny.gov/press/releases/2015/04/nys-and-nyc-pension-funds-sec-greater-disclosure-needed-risks-faced-fossil-fuel-industryDiNapoli: IDA Audits Reveal Need For Improved Project Oversight
… the community is getting an appropriate return on its investment and whether the projects should continue to … or made reasonable progress toward, targeted capital investment, employment projections or other goals stated in …
https://www.osc.ny.gov/press/releases/2015/09/dinapoli-ida-audits-reveal-need-improved-project-oversighteBay Publicly Commits to Gender and Racial Diversity in Search for Board Members
… proposal they filed at eBay Inc. after the company agreed to revise its Governance Guidelines to include gender and racial diversity among the qualities … just one woman on its board, lagged its peers when it came to board diversity and had no stated policy that it made …
https://www.osc.ny.gov/press/releases/2015/03/ebay-publicly-commits-gender-and-racial-diversity-search-board-membersNYS Comptroller DiNapoli: One of Largest U.S. Carbon Emitters Commits to Lower GHG Emissions
… Thomas P. DiNapoli today announced that American Electric Power (AEP), one of the largest carbon emitters in the … Despite President Trump's plan to rescind the Clean Power Plan, corporations know a transition to a lower carbon … renewable resources and advanced technologies to make its power grid more efficient and decentralized. In its American …
https://www.osc.ny.gov/press/releases/2018/02/nys-comptroller-dinapoli-one-largest-us-carbon-emitters-commits-lower-ghg-emissionsDiNapoli Announces Unprecedented Support for Climate Actions During 2021 Proxy Season
… Based Targets initiative (SBTi), which are considered a best practice in reducing greenhouse gas (GHG) emissions. … clarifying how the Fund reviews companies’ preparedness for the transition to a low-carbon economy, and delineating … The Fund has consistently been ranked as one of the best managed and best funded plans in the nation. …
https://www.osc.ny.gov/press/releases/2021/07/dinapoli-announces-unprecedented-support-climate-actions-during-2021-proxy-seasonDiNapoli Announces Reduction in Employer Contribution Rates for Retirement System
… to the New York State and Local Retirement System (NYSLRS) for both of its systems – the Employees’ Retirement System … ability to weather volatile markets. Our prudent strategy for long-term, steady returns helps ensure our state’s … reduction in employer contribution rates is welcome news for taxpayers, our investment decisions are always made based …
https://www.osc.ny.gov/press/releases/2021/08/dinapoli-announces-reduction-employer-contribution-rates-retirement-systemDiNapoli: Money Earmarked for Highway and Bridge Infrastructure Siphoned Off
… Highway and bridge projects have been shortchanged because the state continues to use money in the Dedicated Highway and Bridge Trust Fund (DHBTF) to pay down debt from past projects … Highway and bridge projects have been shortchanged because the state continues to use money in the Dedicated Highway and Bridge Trust Fund …
https://www.osc.ny.gov/press/releases/2022/01/dinapoli-money-earmarked-highway-and-bridge-infrastructure-siphoned-offDiNapoli: Amid Federal Funding Uncertainty, State Must Focus on Programs To Aid Seniors
… has increased, thousands remain on waitlists for in-home care, meals and other essential support, and data reporting … DiNapoli said. “These critical services provide necessary care and help people remain in their homes and communities, while preventing more expensive institutional care. The Legislature has stepped up with more funding for …
https://www.osc.ny.gov/press/releases/2025/08/dinapoli-amid-federal-funding-uncertainty-state-must-focus-programs-aid-seniorsNew York State Comptroller DiNapoli Statement on Win at SEC
… proposal from a shareholders' vote at its annual meeting. Today, the SEC rejected that request. “This is a … our proposal to fellow shareholders at ExxonMobil’s annual meeting.” Edward Mason, Head of Responsible Investment for …
https://www.osc.ny.gov/press/releases/2016/03/new-york-state-comptroller-dinapoli-statement-win-secControls and Accountability of Court, Trust and Bail Funds (Follow-up)
… ( 2013-N-1 ). Background Our initial audit issued on April 16, 2014, determined that NYC Department of Finance’s …
https://www.osc.ny.gov/state-agencies/audits/2015/12/03/controls-and-accountability-court-trust-and-bail-funds-followJefferson County Industrial Development Agency (JCIDA) – Project Approval and Monitoring (2020M-70)
… benefits. Officials did not: Verify an applicant’s project information or complete adequate cost-benefit … for proposed projects before approving them. Charge some project applicants fees in accordance with the Board-approved … information for reliability or compare it to estimates in project applications. Key Recommendations The Board should: …
https://www.osc.ny.gov/local-government/audits/industrial-development-agency/2020/10/02/jefferson-county-industrial-development-agency-jcidaHammond Fire District – Board Oversight (2024M-151)
… whether the Hammond Fire District (District) Board of Fire Commissioners (Board) adequately monitored the District’s financial activities, adopted required policies and completed … Reports (AFRs) were filed timely. Conduct an annual audit of the Secretary- Treasurer’s financial records. As a result, …
https://www.osc.ny.gov/local-government/audits/fire-district/2025/02/21/hammond-fire-district-board-oversight-2024m-151Opinion 91-36
… does not have unlimited authority to impose a park land fee upon a developer of a subdivision; that is, a village may not routinely impose such a fee. In analyzing the park-land-or-fee enabling provision in … acquisition within the municipality, need not be a rigid, mandatory prerequisite in order to achieve the purposes of …
https://www.osc.ny.gov/legal-opinions/opinion-91-36DiNapoli: The South Bronx Sees Economic Growth Despite Pandemic Challenges
… and the resiliency of our community, we were able to weather the worst of the storm together,” said New York City …
https://www.osc.ny.gov/press/releases/2023/11/dinapoli-south-bronx-sees-economic-growth-despite-pandemic-challengesGeneral Investment Policy for the New York State Common Retirement Fund
Intended to provide a framework for the operation of the Fund and to reflect the strategies and principles adopted by the Comptroller.
https://www.osc.ny.gov/files/common-retirement-fund/pdf/general-investment-policy.pdfPlanning and Financing New York State's Capital Investments, March 2014
Investment in capital assets is essential to New York’s economy and its quality of life.
https://www.osc.ny.gov/files/reports/budget/pdf/budget-capital-investments-2014.pdfExamples from GASB Statement 34 - Statement of Revenues, Expenses and changes in Net Assets
… Expenses, and Changes in Fund Net Assets Proprietary Funds For the Year Ended December 31, 2002 Business-Type … Enterprise Funds Governmental Activities Water and Sewer Parking Facilities Totals Internal Service Funds Operating revnues: Charges for services $11,329,883 $1,340,261 $12,670,144 $15,256,164 …
https://www.osc.ny.gov/local-government/publications/examples-gasb-statement-34-statement-revenues-expenses-and-changes-net-assets