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DiNapoli: NYC's Miscellaneous Revenues Experience Slow Growth Post Pandemic
… reached an estimated $6.7 billion in fiscal year (FY) 2025, 11% higher than in FY 2019, and weaker than the 29% … in FY 2021, as the Federal Reserve began raising interest rates to curb high inflation. Looking Ahead Several risks on … Report Miscellaneous Revenues in New York City: What Has Changed? Related Reports Review of the Financial …
https://www.osc.ny.gov/press/releases/2025/09/dinapoli-nycs-miscellaneous-revenues-experience-slow-growth-post-pandemicDiNapoli: Federal Aid, Increasing Tax Revenues and Savings Boost New York City's Surplus
… restart of the city’s Program to Eliminate the Gap (PEG) will help produce significant recurring savings in the next … risks my office previously raised. Still, more can be done to prepare for unforeseen risks and to manage … situation is much improved since the pandemic started, there are likely to be significant fiscal challenges ahead …
https://www.osc.ny.gov/press/releases/2022/03/dinapoli-federal-aid-increasing-tax-revenues-and-savings-boost-new-york-citys-surplusDiNapoli: Wall St. Profits Return to Pre-Pandemic Levels
… with pretax, first half profits of $13.5 billion, down 56.3% from the $31 billion earned in the same period last year, … DiNapoli said. “The securities sector was a buffer for state and city revenues during the pandemic. As the … Although the financial services sector has led the return to the office, many firms are still partly working …
https://www.osc.ny.gov/press/releases/2022/10/dinapoli-wall-st-profits-return-pre-pandemic-levelsNew York City’s Uneven Recovery: Mothers in the Workforce
… Current Population Survey; OSC analysis Nine Percent of Black Mothers Still Unemployed in 2022 While mothers of all … . 5 U.S. Department of Agriculture, “Self-Employed Workers Are Less … Survey 1-year Estimates. 9 Ibid. 10 New York City Department of Social Services, Human Resources …
https://www.osc.ny.gov/reports/osdc/new-york-citys-uneven-recovery-mothers-workforceXI-A.9 Receiving – XI-A. Purchasing
… and in accordance with the terms and conditions of the purchase agreement. The agency must complete the receiving … which ideally should have been communicated in a purchase order. To document the act of acceptance, receivers …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xia/xi-a9-receivingState Comptroller DiNapoli Releases Audits
… the Gun Involved Violence Elimination (GIVE) and SNUG (“guns” spelled backward) grant program contracts reviewed to …
https://www.osc.ny.gov/press/releases/2021/11/state-comptroller-dinapoli-releases-audits-0DiNapoli Issues Report on Public-Private Partnerships
… for strong oversight provisions if New York broadens the authority of the state to enter into public-private partnership (P3) projects or goes forward with private financing of public projects. … options. In January 2011, DiNapoli issued his first report on the role that public-private partnerships might play in …
https://www.osc.ny.gov/press/releases/2013/06/dinapoli-issues-report-public-private-partnershipsCUNY Bulletin No. CU-659
… Purpose The purpose of this bulletin is to inform CUNY payroll staff of new PayServ codes to be … Affected Employees Active CUNY employees who are not in bargaining unit AJ or GA and who cover a domestic partner … amount paid for coverage on an after-tax basis) must be included in the employee’s taxable gross income, is subject …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/city-university-new-york/cu-659-new-additional-pay-earn-codes-cuny-imputed-incomeDiNapoli Reaches Agreement With Mattel Inc. on Political Spending Disclosure
… as of Jan. 31, 2018. Mattel's portfolio includes Barbie, Hot Wheels, American Girl and Fisher-Price brand products. …
https://www.osc.ny.gov/press/releases/2018/03/dinapoli-reaches-agreement-mattel-inc-political-spending-disclosureXI.11.D Equipment and Software Maintenance Contracts – XI. Procurement and Contract Management
… software maintenance means modifying software after an agency has purchased and installed it. It can include version … equipment preventive maintenance is appropriate when the agency does not have the personnel with the capability to … an obligation to exercise due diligence in negotiating pricing and determining price reasonableness. The best time …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xi/xi11d-equipment-and-software-maintenance-contractsState Comptroller DiNapoli Releases Municipal & School Audits
… usage billed to Chadwick Bay Intermunicipal Water Works (CBI), resulting in a balance owed of $1.4 million; spent $5.2 … that created the Chadwick Bay Intermunicipal Water Works (CBI). Because the board did not monitor the IMA’s operations … Officials also did not collect about $21,000 from the CBI for town office space the group uses. In addition, the …
https://www.osc.ny.gov/press/releases/2024/01/state-comptroller-dinapoli-releases-municipal-school-auditsSEC Municipal Advisor Rule Letter
The following information is being provided by the Office of the State Comptroller (“OSC”) so that market participants may provide advice on the issuance of mun
https://www.osc.ny.gov/files/debt/pdf/municipal-advisor-rule-letter.pdfDiNapoli Report Examines Troubling Child Poverty Trends
… or household is considered to be in poverty when they do not have the financial resources to meet basic needs such … by 54% in the nation and 51% in New York, indicative of how meaningful the COVID relief benefits were to households … recommendations to cut child poverty in half in 10 years . I hope our lawmakers will lean into the findings of the …
https://www.osc.ny.gov/press/releases/2024/05/dinapoli-report-examines-troubling-child-poverty-trendsDiNapoli: Buffalo's Financial Condition Improves
… The city of Buffalo’s finances have stabilized in recent years because of … also noted that Buffalo is one of four cities in New York with a dependent school district – which means the city must … Tax Limit as of 2012. This is similar to the other cities with dependent school districts – Rochester, Syracuse and …
https://www.osc.ny.gov/press/releases/2014/01/dinapoli-buffalos-financial-condition-improvesDiNapoli: One in Ten New York Households Suffer From Food Insecurity
… State Comptroller Thomas P. DiNapoli. The report found that the number of households facing food insecurity declined … but some relief programs are ending as inflation and other pressures are pushing household budgets to their … his latest report and urging an expansion of programs and look forward to working closely with his team on this issue …
https://www.osc.ny.gov/press/releases/2023/03/dinapoli-one-ten-new-york-households-suffer-food-insecurityOpinion 92-52
… and public authorities) MUNICIPAL COOPERATION -- Municipal Funds (joint investments with public authorities) MUNICIPAL FUNDS -- Deposits and Investments (joint investment with … a cooperative agreement for the joint investment of its funds with the funds of other public authorities and …
https://www.osc.ny.gov/legal-opinions/opinion-92-52DiNapoli: SED Oversight of Career Training Programs Falling Short
… Career and Technical Education (CTE) programs that are supposed to prepare high school students for future … the jobs that are most needed or pay the best. My auditors found numerous ways in which the State Education Department … may be required depending on the school district or BOCES where the student takes the CTE program. SED is unable to …
https://www.osc.ny.gov/press/releases/2020/12/dinapoli-sed-oversight-career-training-programs-falling-shortCity of Poughkeepsie Industrial Development Agency – Project Approval and Monitoring (2021M-168)
… and calculated revenues upon which their payments in lieu of taxes (PILOTs) are based on. These projects have … monitor projects’ progress and document findings in writing. Require the City or one of the taxing …
https://www.osc.ny.gov/local-government/audits/industrial-development-agency/2022/07/08/city-poughkeepsie-industrial-development-agency-projectDiNapoli: NYC FY 2025 Budget Balanced With Strong Revenues and Cost Savings
… of $3.9 billion that will be used to prepay expenses for the next fiscal year, helping the city balance its FY 2025 executive budget, according to a report released today … reserves in the future. “New York City has rebounded from the fiscal challenges it faced last year thanks to …
https://www.osc.ny.gov/press/releases/2024/05/dinapoli-nyc-fy-2025-budget-balanced-strong-revenues-and-cost-savingsSection 8 Housing Choice Vouchers – Federal Funding and New York
… by NYCHA. Because HUD payments were delayed in February of 2025, NYCHA announced they will be withholding future … fourth largest source of direct federal funding in FY 2025. As of the FY 2026 preliminary budget, the City anticipates receiving $649.6 million in FY 2025 and $605.7 million in FY 2026 for HCV, all allocated to …
https://www.osc.ny.gov/reports/budget/fed-funding-ny/section-8-housing-choice-vouchers