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DiNapoli: Brooklyn Economy Sets Records
… what Brooklynites have long known. There’s no doubt about it — Brooklyn is booming," said Senator Brian Kavanagh … in restaurants and bars. Manufacturing has stabilized at about 20,000 jobs, but food and beverage manufacturing has …
https://www.osc.ny.gov/press/releases/2018/06/dinapoli-brooklyn-economy-sets-recordsOpinion 90-40
… or statutory amendments that bear on the issues discussed in the opinion. VILLAGE MAYOR -- Deputy (right to vote as … trustee who is also deputy mayor does not vote both in his or her capacities as trustee and deputy mayor during … meeting of the board of trustees, may cast two votes, one in his or her capacity as trustee and the other in his or her …
https://www.osc.ny.gov/legal-opinions/opinion-90-40DiNapoli Analysis Finds Worrisome, Uneven Economic Recovery Among NYC's Labor Force
… behind the rest of the state and nation in regaining the jobs lost from the onset of the pandemic in March and April … today. By March 2022, the city recovered just under 71% of jobs lost, while the rest of New York state has regained 82% … level in a decade, potentially stemming from the shift to remote work. While the share of people with disabilities in …
https://www.osc.ny.gov/press/releases/2022/05/dinapoli-analysis-finds-worrisome-uneven-economic-recovery-among-nycs-labor-forceDiNapoli Releases April State Cash Report
State tax collections totaled $71 billion in the first month of the new fiscal year a decline of $11 billion or 131 percent from the same period last year largely driven by a decline in personal income tax collections according to the state cash report issued by Comptroller DiNapoli
https://www.osc.ny.gov/press/releases/2017/05/dinapoli-releases-april-state-cash-reportNew York's 529 College Savings Program Delivers $287 Million to College Students Since January
… as one of the best in the nation by savingforcollege.com. For more information about the program, click here or … Plan disclosure booklet or go to: http://cdn.unite529.com/jcdn/files/NYD/pdfs/DisclosureBooklet.pdf. … New Yorks …
https://www.osc.ny.gov/press/releases/2016/05/new-yorks-529-college-savings-program-delivers-287-million-college-students-januaryDiNapoli: State Fiscal Year 2021-22 Tax Revenues $3.3 Billion Over Final Projections
… or 21.7%. Collections were $363.3 million higher than the latest projections and just under $1.5 billion higher than … or 28.5%. Total business tax collections exceeded the latest projections by $5.6 million and initial projections by … the PTET, business tax collections would have exceeded the latest projections by $285 million and initial projections by …
https://www.osc.ny.gov/press/releases/2022/04/dinapoli-state-fiscal-year-2021-22-tax-revenues-33-billion-over-final-projectionsDiNapoli: Stable Government Funding Needed for NYC Health + Hospitals to Provide Essential Care
… critical financial support to New York City Health and Hospitals (H+H), but reliable funding and timely payments … from all levels of government to stay solvent and prepare for future emergencies.” The challenges facing H+H are … unfolded, H+H assumed a significant role in planning for and responding to the city’s public health emergency. H+H …
https://www.osc.ny.gov/press/releases/2021/09/dinapoli-stable-government-funding-needed-nyc-health-hospitals-provide-essential-careDiNapoli: Wall St. Profits on Pace to Beat 2016
… Securities industry profits totaled $12.3 billion in the first half of 2017, one-third higher than the $9.3 billion earned in the same period last year, putting Wall St. on pace for a … and put everyday Americans and the broader economy in harm's way." Industry performance is traditionally …
https://www.osc.ny.gov/press/releases/2017/10/dinapoli-wall-st-profits-pace-beat-2016DiNapoli: NYC Put Federal Funds to Work Quickly To Shore Up Budget and Drive Recovery
… New York City is using the federal funds it received in the wake of the COVID-19 pandemic to replace revenue … negative economic impacts, similar to other major cities in the country, but it has used them at a faster pace than … the shifting fiscal environment to use any remaining funds in ways that continue to boost recovery and avoid spending …
https://www.osc.ny.gov/press/releases/2022/09/dinapoli-nyc-put-federal-funds-work-quickly-shore-budget-and-drive-recoveryDiNapoli: As NYC Budget Stabilizes, New Risks Emerge
… increased its expectations for its surplus in fiscal year (FY) 2025 to $2.34 billion, largely as a result of stronger … seekers, which will help balance its $116.9 billion FY 2026 budget, according to a report released today by State Comptroller Thomas P. DiNapoli. “Improved fiscal …
https://www.osc.ny.gov/press/releases/2025/02/dinapoli-nyc-budget-stabilizes-new-risks-emergeOversight of the Clean Water State Revolving Fund (2020-S-64) 180-Day Response
To determine if the Environmental Facilities Corporation is adequately overseeing the Clean Water State Revolving Fund (CWSRF) to ensure funds are being awarded, used, and collected in accordance with requirements and in support of CWSRF goals, including ensuring projects meet their ...
https://www.osc.ny.gov/files/state-agencies/audits/pdf/sga-2022-20s64-response.pdfCity of Long Beach – Budget Review (B21-7-6)
Determine whether the significant revenue and expenditure projections in the City’s proposed budget for the 2021-22 fiscal year are reasonable, and whether the City took appropriate action to implement or resolve recommendations from our budget review issued in May 2020.
https://www.osc.ny.gov/files/local-government/audits/2021/pdf/long-beach-budget-review-b21-7-6.pdfOversight of the Clean Water State Revolving Fund (2020-S-64)
To determine if the Environmental Facilities Corporation is adequately overseeing the Clean Water State Revolving Fund (CWSRF) to ensure funds are being awarded, used, and collected in accordance with requirements and in support of CWSRF goals, including ensuring projects meet their...
https://www.osc.ny.gov/files/state-agencies/audits/pdf/sga-2022-20s64.pdf2020 Annual Report on Preschool Special Education
In 2020, OSC completed 10 audits of preschool special education providers' expenses submitted to SED. These audits cumulatively identified over $4.4 million in recommended disallowances, or more than 3 percent of the total claimed expenses of $139.3 million for the audit period.
https://www.osc.ny.gov/files/state-agencies/audits/pdf/seit-annual-report-2020.pdfTuckahoe Common School District - Extra-Classroom Activity (ECA) Funds (2018M-229)
… complete report - pdf] Audit Objective Determine whether all extra-classroom activity (ECA) funds were deposited … and whether all disbursements were properly supported and for legitimate ECA purposes. Key Findings The Board did not … as required. The Central Treasurer recorded receipts for three clubs totaling $37,911. However, none of these …
https://www.osc.ny.gov/local-government/audits/school-district/2019/01/25/tuckahoe-common-school-district-extra-classroom-activity-eca-funds-2018mReal Estate Portfolio (Follow-Up)
… the Legislature of its intentions and to provide details about the transaction, including a justification for …
https://www.osc.ny.gov/state-agencies/audits/2018/12/28/real-estate-portfolio-followEnforcement of the Mitchell-Lama Surcharge Provisions (Follow-Up)
… used. We found that only 30 percent of the required income verification audits for our sample had been done. We … a certified tax return to substantiate self-reported income. Additionally, DHCR is several years behind in … that tenants whose income exceeds the maximum income limit by 25 percent or more require DHCR’s approval to remain …
https://www.osc.ny.gov/state-agencies/audits/2019/09/06/enforcement-mitchell-lama-surcharge-provisions-followState Agencies Bulletin No. 1761
… to position pools in PayServ will be lapsing and will no longer be available for use in PayServ. OSC will provide a … string scheduled to lapse on 09/13/2019 or 09/27/2019. A link will be posted on the PayServ bulletin board as well as … Payroll files can be successfully processed in SFS . If no action is taken by the agency before the above mentioned …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1761-sfs-chartfield-strings-payserv-09132019-09272019-lapse-datesCity of Yonkers - Budget Review (B19-6-5)
… in the City’s proposed budget for the 2019-20 fiscal year are reasonable. Background The City of Yonkers is authorized … of Education for review while the deficit obligations are outstanding. Key Findings The Yonkers Public School … includes up to $4.6 million for this acquisition. These are recurring District expenditures and should be included as …
https://www.osc.ny.gov/local-government/audits/city/2019/05/17/city-yonkers-budget-review-b19-6-5The 80/20 Housing Program (Follow-Up)
… Purpose To determine the extent of implementation of the recommendation in our initial audit … at least 20 percent of a development's units to low-income individuals and families. The federal government …
https://www.osc.ny.gov/state-agencies/audits/2018/11/13/8020-housing-program-follow