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Schonowe Volunteer Fire Company, Inc. – Audit Follow-Up (2021M-185-F)

… The purpose of our review was to assess the Schonowe Volunteer Fire Company, Inc’s (Company’s) progress, as of April 2025, in implementing our recommendations in the audit report Schonowe Volunteer Fire Company, Inc. – Board Oversight (2021M-185), … The purpose of our review was to assess the Schonowe Volunteer Fire Company Incs Companys progress as of April …

https://www.osc.ny.gov/local-government/audits/fire-company-or-department/2025/10/10/schonowe-volunteer-fire-company-inc-audit-follow-2021m-185-f

Oversight of Homeless Shelters (Follow-Up)

… ( 2018-S-52 ). About the Program The Office of Temporary and Disability Assistance (OTDA) administers programs for the … 566 in 2023. Inspection components include checking for health and safety issues; general facility management and financial …

https://www.osc.ny.gov/state-agencies/audits/2025/07/14/oversight-homeless-shelters-follow

DiNapoli Releases Report on NYS Executive Budget

… COVID-19 pandemic, the state’s finances have stabilized, and the Division of Budget (DOB) is now forecasting reduced … positive developments, as well as risks, challenges, and concerns, including several new proposals that restrict … steps to stabilize its finances with higher reserves and lower projected budget gaps,” DiNapoli said. “Still, the …

https://www.osc.ny.gov/press/releases/2024/02/dinapoli-releases-report-nys-executive-budget

State Agencies Bulletin No. 1702

… York of 2015 amends the Retirement and Social Security Law in relation to the definition of wages earned from multiple … OSC Actions OSC will update the Retirement Plans Table in PayServ to reflect the $16,779 pensionable overtime …

https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1702-2019-tier-6-ot-limit-and-plan-year-changes-nyc-retirement-systems

DiNapoli: Proposed Budget Holds the Line on Spending, Gives Executive Wider Discretion

… Thomas P. DiNapoli. At the same time, the proposed budget increases potential out-year gaps and gives the Executive new … out-years remain a concern and there is a lack of clarity for some key spending areas. New York has made great strides … $62 billion in SFY 2015-16, an increase of 5.6 percent; Increases total spending for state economic development …

https://www.osc.ny.gov/press/releases/2015/02/dinapoli-proposed-budget-holds-line-spending-gives-executive-wider-discretion

State Comptroller DiNapoli Releases Municipal & School Audits

… or provide adequate financial reports to the board; take action to ensure electric fund revenues kept pace with … of these accounts have not been used in more than five years. Town of German – Supervisor’s Records and Reports … eight audit recommendations, officials did not actually take corrective actions. Of the eight audit recommendations, …

https://www.osc.ny.gov/press/releases/2023/07/state-comptroller-dinapoli-releases-municipal-school-audits-0

City of Troy – Budget Review (B20-5-11)

… [ read complete report ] Purpose of Budget Review The purpose of our budget review was to determine whether the significant … the 2021 fiscal year are reasonable. Background The City of Troy, located in Rensselaer County, is authorized to issue … The purpose of our budget review was to determine whether the significant …

https://www.osc.ny.gov/local-government/audits/city/2020/11/06/city-troy-budget-review-b20-5-11

State Comptroller DiNapoli Releases Municipal Audits

… Management Agency reimbursements. Although the budget does slightly raise taxes for all funds, town officials did …

https://www.osc.ny.gov/press/releases/2014/11/state-comptroller-dinapoli-releases-municipal-audits

State Comptroller DiNapoli Releases Year-End Accomplishments

… New York State Common Retirement Fund reached an all-time high of $160.7 billion in 2013, State Comptroller Thomas P. … closed the State Fiscal Year 2012-2013 at an all-time high value of $160.7 billion, with a 10.4 percent return. … of $29 million. Reported on the state’s increasingly high debt levels, shrinking debt capacity and continuing …

https://www.osc.ny.gov/press/releases/2014/01/state-comptroller-dinapoli-releases-year-end-accomplishments

DiNapoli: NYC Area Is Country's Second Largest Market for Venture Capital

… again spiked in late 2024. In the first quarter of 2025, the United States saw $92.9 billion in deal activity, … in 2015 (32.6% of total funding in the country) to $100 billion in 2024, accounting for nearly half of all investment that year. In the first half of 2025, the share jumped to 57.8%, with more than $94 billion …

https://www.osc.ny.gov/press/releases/2025/10/dinapoli-nyc-area-countrys-second-largest-market-venture-capital

DiNapoli Releases Executive Budget Report

… will present challenges to ongoing economic growth and fiscal stability. The state faces prolonged inflation, rising federal interest rates and the end of federal relief aid that was instrumental in … of $5.7 billion in SFY 2024-25, $9 billion in SFY 2025-26, and $7.5 billion in SFY 2026-27. The gaps result from reduced …

https://www.osc.ny.gov/press/releases/2023/03/dinapoli-releases-executive-budget-report

Opinion 2008-5

… You ask the following: (1) Is the village required to pay to the fire company any amount of the consideration paid … (3) May the fire protection contract provide that the town pay any consideration payable to the fire company directly to … Is the village required to pay to the fire company any amount of the consideration paid …

https://www.osc.ny.gov/legal-opinions/opinion-2008-5

CUNY Bulletin No. CU-568

… Laws of New York amends the Retirement and Social Security Law in relation to the definition of wages earned from …

https://www.osc.ny.gov/state-agencies/payroll-bulletins/city-university-new-york/cu-568-2017-tier-6-ot-limit-and-plan-year-changes-nyc-retirement

NYS Common Retirement Fund Announces Second Quarter Results

… York State Common Retirement Fund’s (Fund) overall return in the second quarter of the state fiscal year 2015 was -0.52 … maximize long-term value.” The Fund's positive performance in some markets during the three months ending Sept. 30 was … bank actions that triggered broad market volatility in the international markets. The Fund’s value was $176.8 …

https://www.osc.ny.gov/press/releases/2014/11/nys-common-retirement-fund-announces-second-quarter-results

Village of Village of the Branch – Internal Controls Over Financial Operations (2013M-43)

… basic services of $8,000 plus 50 percent of certain permit fees. This type of arrangement is usually indicative of an … Building Inspector receives an Internal Revenue Service Form 1099, and does not receive any fringe benefits. During … received $84,197, nearly $73,000 of which was based on fees collected for building permits. Because there is no cap …

https://www.osc.ny.gov/local-government/audits/village/2013/04/19/village-village-branch-internal-controls-over-financial-operations-2013m-43

Environment, Energy and Agriculture – 2023 Financial Condition Report

… source of primarily pay-as-you-go funding to address the State’s environmental needs. Appropriations to the EPF have … Supports an array of environmental programs, such as State and municipal open space conservation; municipal and … Act of 2022.” With nearly 68 percent of voters who voted on the ballot question supporting it, the Bond Act became the …

https://www.osc.ny.gov/reports/finance/2023-fcr/environment-energy-and-agriculture

About the Academy

… testing preliminary data for the Fiscal Stress Monitoring System (FSMS). Joe graduated from the State University of New …

https://www.osc.ny.gov/local-government/academy/about-academy

DiNapoli Issues Preliminary Analysis of 2021-22 Executive Budget

… Fiscal Year (SFY) 2021-22 relies on a range of actions to respond to the pandemic as well as eliminate a looming … the need for significant federal aid, according to an initial analysis by New York State Comptroller Thomas … State Fiscal Year SFY 202122 relies on a range of actions to respond to the pandemic as well as eliminate a looming gap …

https://www.osc.ny.gov/press/releases/2021/01/dinapoli-issues-preliminary-analysis-2021-22-executive-budget