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Message from the Comptroller – 2021 Financial Condition Report
… State Fiscal Year (SFY) 2020-21 will long be remembered for the disruption caused by the COVID-19 pandemic and for the resilience demonstrated by New Yorkers in responding … the ongoing risks and challenges, and opportunities for changes to improve the long-term outlook for State …
https://www.osc.ny.gov/reports/finance/2021-fcr/message-comptrollerState Comptroller Thomas P. DiNapoli Statement on Gov. Hochul's State of the State Address
… "Kathy Hochul took over as governor at a time of great challenge in New York state and immediately … leadership is crucial at this point in our history to beat back the virus and to safely get us back to a more normal way of life. Based on what I’ve seen in …
https://www.osc.ny.gov/press/releases/2022/01/state-comptroller-thomas-p-dinapoli-statement-gov-hochuls-state-state-addressDiNapoli: Federal Relief Funds Should Have Been Better Targeted to Communities Hardest Hit by COVID-19
… Coronavirus Relief Fund (CRF) could have been better aimed to the localities, especially New York City, that suffered … have not. “The formula used by the federal government to distribute the coronavirus funding, while … missed the mark,” DiNapoli said. “Targeting aid to the communities that suffered the worst from the outbreak …
https://www.osc.ny.gov/press/releases/2020/09/dinapoli-federal-relief-funds-should-have-been-better-targeted-communities-hardest-hit-covid-19DiNapoli: Contractor Failed to Turn Over $1.5 Million in Prescription Drug Rebates to NYS
… and other considerations. United was required to pass 100 percent of the resulting revenues back to the …
https://www.osc.ny.gov/press/releases/2016/11/dinapoli-contractor-failed-turn-over-15-million-prescription-drug-rebates-nysXII.6.N Paying the New York Independent Systems Operator – XII. Expenditures
… AND POLICIES This section advises Business Units how to process payments to the New York Independent Systems … weekly billing practice reduces the time Business Units have to process and audit the invoices. As a result, the … Operations – Non-Personal Services . Business Units should not use the account code used to set up the advance or sole …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xii/xii6n-paying-new-york-independent-systems-operatorDiNapoli: State Pension Fund Will Vote Against Board Members at Corporations With No Women Directors
… the New York State Common Retirement Fund (the Fund) plans to vote against all board directors standing for re-election … also announced agreements with four Fortune 500 companies to formally include gender and racial diversity in their … The Fund's fiscal year ends March 31, 2018. Find out how your government money is spent at Open Book New York . …
https://www.osc.ny.gov/press/releases/2018/03/dinapoli-state-pension-fund-will-vote-against-board-members-corporations-no-women-directorsNew York’s Economy and Finances in the COVID-19 Era
… Subscribe for Latest Updates The State Comptroller’s office is committed to keeping New Yorkers regularly updated on the state’s economy and finances. Subscribe to get the latest update. Subscribe Read Prior Editions …
https://www.osc.ny.gov/reports/covid-19-september-30-2020New York’s Balance of Payments in the Federal Budget: Federal Fiscal Year 2019
… November 2020 In the wake of the COVID-19 pandemic, New Yorkers have seen how the immense fiscal resources of the … This report, the fifth in a series by the Office of the State Comptroller, makes clear how the 50 states differ in … and how much they receive in federal spending. For New York, the numbers vary from year to year, but one key …
https://www.osc.ny.gov/reports/new-yorks-balance-payments-federal-budget-federal-fiscal-year-2019Calculating the Maximum Amount Eligible for Amortization or the Graded Payment – Contribution Stabilization Program
… First, the Retirement System’s Actuary determines the System average … rates are calculated based on a System average rate that does not include employer Group Term Life Insurance (GTLI) … costs and prior years’ adjustments. Rev. 12/23 … How the NYSLRS actuary calculates an employers maximum …
https://www.osc.ny.gov/retirement/employers/csp/calculating-maximum-amount-eligible-amortization-or-graded-paymentXIII.10.D Refunds Owed to the State by an Employee - Using a Due to State Offset – XIII. Employee Expense Reimbursement
… section provides Online Agencies with information related to refunds owed to the State by an employee using the Due to State …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xiii/xiii10d-refunds-owed-state-employee-using-due-state-offsetInvestors Renew Call on Exxon to Address Climate Risk
… York State Comptroller Thomas P. DiNapoli, as trustee of the New York State Common Retirement Fund (CRF), and the … of England investment fund, have again asked ExxonMobil to report how its business will be impacted by global efforts to …
https://www.osc.ny.gov/press/releases/2017/02/investors-renew-call-exxon-address-climate-riskDiNapoli: NYC Budget Faces Uncertainty Without More Federal Relief
… York City’s finances have remained resilient so far during the COVID-19 pandemic, largely as a result of tax revenue … 2021 if the federal government does not deliver direct aid to state and local governments soon, according to a budget … from Past Recessions: Borrowing for Operations Find out how your government money is spent at Open Book New York . …
https://www.osc.ny.gov/press/releases/2020/12/dinapoli-nyc-budget-faces-uncertainty-without-more-federal-reliefSelected Aspects of Supporting Small Businesses
… Objectives To determine whether the New York City Department of Small Business Services … licenses and permits. SB1 also recommended the development of a comprehensive online business portal with … 2017-210, which required SBS to prepare and disseminate a survey to small business owners, the results of which would …
https://www.osc.ny.gov/state-agencies/audits/2022/10/20/selected-aspects-supporting-small-businessesDiNapoli & Lander’s Proposal Calling on Wells Fargo Board to Report on Efforts to Prevent Discrimination and Harassment Wins Majority Support From Shareholders
… of New York is investigating possible violations of federal laws by the bank after those allegations surfaced. …
https://www.osc.ny.gov/press/releases/2023/05/dinapoli-landers-proposal-calling-wells-fargo-board-report-efforts-prevent-discrimination-andTips to Help You Keep Your Money
… Keep your accounts active. More than half of unclaimed accounts are dormant savings accounts — accounts …
https://www.osc.ny.gov/unclaimed-funds/claimants/tips-help-you-keep-your-moneyDiNapoli: CUNY Students Need Better Access to Required Courses to Help Improve Graduation Rates
… prior semesters. In addition, 13 of 25 officials said they do not offer online or hybrid courses (courses encompassing … not properly advised may be registering for courses they do not need to graduate or failing to enroll in enough …
https://www.osc.ny.gov/press/releases/2020/09/dinapoli-cuny-students-need-better-access-required-courses-help-improve-graduation-ratesHow Contribution Rates Are Determined – What Every Employer Should Know
… Actuary ensures that adequate assets are being accumulated to pay benefits as they become due using demographic (rates … rates, inflation and salary growth) assumptions. At the beginning of each fiscal year (April 1), the Actuary … First, the Actuary determines the dollar amount needed to pay all current and future benefits (actuarial …
https://www.osc.ny.gov/retirement/employers/partnership/how-contribution-rates-are-determinedHow To Retrieve a .txt file from NYSLRS using the OSC Secure File Transfer Services Interface
This job aid shows you (a participating organization) how to use the OSC Secure File Transfer Services Interface in order to properly retrieve an outbound .txt file from NYSLRS.
https://www.osc.ny.gov/files/retirement/third-party-organizations/pdf/vcdp-retrieve-outbound-files.pdfFare Revenue Considerations for the Metropolitan Transportation Authority
… 73 percent and 88 percent of pre-pandemic levels by 2026. Bolstering ridership and the revenue it generates by … of growth among all revenue sources between 2022 and 2026, rising by 29 percent. The MTA expects fare revenue … and 2025) to rebound to 32.2 percent of total revenue in 2026, but that remains 10 percentage points lower than its …
https://www.osc.ny.gov/reports/osdc/fare-revenue-considerations-metropolitan-transportation-authorityNew York’s Balance of Payments in the Federal Budget: Federal Fiscal Year 2020
… March 2022 Since the onset of the COVID-19 pandemic, New Yorkers have seen how the fiscal and policy resources of … financial support for individuals, businesses and state and local governments, will continue to impact our … for the first time in the history of this report. For New York, funding levels for unemployment benefits, Medicaid, …
https://www.osc.ny.gov/reports/new-yorks-balance-payments-federal-budget-federal-fiscal-year-2020