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NYS Common Retirement Fund Announces Second Quarter Results
… mortgages (26.7 percent), private equity (7.6 percent), real estate (6.9 percent), absolute return strategies (3.2 percent) and opportunistic alternatives and real assets (1.3 percent). DiNapoli initiated quarterly …
https://www.osc.ny.gov/press/releases/2016/11/nys-common-retirement-fund-announces-second-quarter-resultsOpinion 91-31
… we have concluded that this authorization is sufficiently broad to encompass costs and expenses incurred in the … rabies for the purpose of suppressing the disease (11 Opns St Comp, 1955, p 250; 2 Opns St Comp, 1946, p 133; 1 Opns St Comp, 1945, p 189). Claims …
https://www.osc.ny.gov/legal-opinions/opinion-91-31Opinion 89-45
… expressed the opinion that section 267(1) is sufficiently broad to authorize either appointing an attorney as an … contractor to assist the zoning board of appeals (24 Opns St Comp, 1968, p 109; 19 Opns St Comp, 1963, pps 108 and 182). The word "compensation" as …
https://www.osc.ny.gov/legal-opinions/opinion-89-45Opinion 88-8
… also the president and chief stockholder of an automotive dealership would have a conflict of interest if fire district … which pertains to contracts made prior to the officer's or employee's election or appointment, we note that this provision would …
https://www.osc.ny.gov/legal-opinions/opinion-88-8DiNapoli: NYC Fiscal Year 2024 Budget Balanced, but Out Year Gaps Continue to Grow
… decline slightly in the coming years ($6.5 billion in FY 2026 and $6.4 billion in FY 2027) mostly due to savings … positions by the end of FY 2025. The city increased the forecast for total tax collections by $592 million for FY … to $71.7 billion in FY 2024. DiNapoli’s report notes that revenue may exceed the city’s projections by an average of …
https://www.osc.ny.gov/press/releases/2023/12/dinapoli-nyc-fiscal-year-2024-budget-balanced-out-year-gaps-continue-growDiNapoli: Taxpayers Moving Out of State Spiked in 2020, Led by Those Leaving NYC
… all New Yorkers.” Taxpayer Filings in 2020 and 2021 PIT is New York’s largest revenue source, with $60 billion in tax … PIT returns filed since 2009. This “churn” of taxpayers is important to closely examine and monitor. Nearly … accounted for over half of the net out-migration in 2020. Married and head of household taxpayers (families) also left …
https://www.osc.ny.gov/press/releases/2023/12/dinapoli-taxpayers-moving-out-state-spiked-2020-led-those-leaving-nycDiNapoli: Problems Persist at Many Hotels and Motels Used to House Homeless
… State auditors examining hotels and motels used to house the homeless found poor conditions still exist at many … and collaboration on the audit of the use of motels to house the homeless,"said Albany County Comptroller Michael F. … and inspecting temporary residences (facilities that house individuals for less than 180 consecutive days), …
https://www.osc.ny.gov/press/releases/2017/06/dinapoli-problems-persist-many-hotels-and-motels-used-house-homelessDiNapoli: State Missing Out on Millions in Medicare Payments for Kidney Patients
… of Health (DOH) could have saved the Medicaid program as much as $146 million over a six-year period if it had helped … Medicaid recipients with ESRD and helps guide them on how to apply for and enroll in Medicare. In response to the … in applying for Medicare; Follow up with recipients who do not apply for Medicare by implementing a process that …
https://www.osc.ny.gov/press/releases/2017/03/dinapoli-state-missing-out-millions-medicare-payments-kidney-patientsDiNapoli: Localities Spending More to Address Climate Change Hazards
… a 10-year period, with about 55% of the total in response to climate-related hazards such as increased flooding and … today by State Comptroller Thomas P. DiNapoli. “Climate change poses significant threats to communities in New York. … to climate change, with flooding and increased storm activity far outweighing other issues. Respondents reported …
https://www.osc.ny.gov/press/releases/2023/04/dinapoli-localities-spending-more-address-climate-change-hazardsDiNapoli: NYC’s Restaurant, Retail and Recreation Sectors Continue to Struggle During Pandemic
… New York City’s restaurant, retail and recreation (RRR) sectors continued to … the nation felt the impacts of the pandemic on their restaurant, retail and recreation sectors, New York City was … in vacancies across premier shopping corridors over the first half of 2021 alone. Even with the numerous programs and …
https://www.osc.ny.gov/press/releases/2022/01/dinapoli-nycs-restaurant-retail-and-recreation-sectors-continue-struggle-during-pandemicNYS Comptroller DiNapoli: Wall Street's 2020 Bonuses Rose Amid Volatility
… industries, but it comes with a caution. New York benefits when Wall Street succeeds, but our economy won’t fully … $31.7 billion during the traditional December-March bonus season, up from $29.7 billion in 2019. The growth of the bonus pool is unique after a recessionary event. Bonuses fell by 33 …
https://www.osc.ny.gov/press/releases/2021/03/nys-comptroller-dinapoli-wall-streets-2020-bonuses-rose-amid-volatilityDiNapoli: Wall St. 2021 Profits near Record Levels
… in New York City’s securities industry, according to State Comptroller Thomas P. DiNapoli’s annual report on … and securities industry workers have been among the first to return to the office,” DiNapoli said. “Financial markets move in …
https://www.osc.ny.gov/press/releases/2021/10/dinapoli-wall-st-2021-profits-near-record-levelsNYS Common Retirement Fund Reports First Quarter Results
… The New York State Common Retirement Fund’s (Fund) estimated return in the first quarter of the … Fund is the third largest public pension fund in the United States. The Fund holds and invests the assets of the …
https://www.osc.ny.gov/press/releases/2020/08/nys-common-retirement-fund-reports-first-quarter-resultsDiNapoli: Number of New Yorkers Going Hungry Increases Despite Improving Economy
… one-in-nine households (11.3% or 875,000 families) unable to get enough food at some point during 2020 through 2022 … because they lacked money or other resources, according to a follow-up analysis released today by State Comptroller … leave far too many New York households with too little to eat. I urge the federal government to expand eligibility for …
https://www.osc.ny.gov/press/releases/2024/05/dinapoli-number-new-yorkers-going-hungry-increases-despite-improving-economyDiNapoli: Audit Questions Payments Made to Supportive Housing Provider
… OMH and the New York City Department of Health and Mental Hygiene (DOHMH) to individuals who have a serious mental …
https://www.osc.ny.gov/press/releases/2017/05/dinapoli-audit-questions-payments-made-supportive-housing-providerDiNapoli Calls for Improvements to Capital Planning Process
… Over the past 10 years, New York spent an estimated $81.7 billion – including tax … dollars, federal aid and long-term borrowing proceeds – to support its capital program, with another $9.6 billion … plan included minimal detail about individual projects, existing assets and their condition, and potential financing …
https://www.osc.ny.gov/press/releases/2014/03/dinapoli-calls-improvements-capital-planning-processDiNapoli: Wall St. Profits Return to Pre-Pandemic Levels
… underwriting and securities activities, which were at, or near, record levels last year. Equity offerings in 2022 were … offerings. The Federal Reserve’s (Fed) multiple rate hikes beginning in March of this year to ease decades-high …
https://www.osc.ny.gov/press/releases/2022/10/dinapoli-wall-st-profits-return-pre-pandemic-levelsState Agencies Bulletin No. 2060
… Purpose The purpose of this bulletin is to reconcile employee Social Security Numbers and names in … nonresident alien employees. To ensure this requirement is met prior to the generation of 2022 Form W-2 Wage and Tax … of $280 per infraction for every information return that is filed with a missing/incorrect taxpayer identification …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2060-verification-employees-social-security-number-ssn-and-name-be-reportedDiNapoli: State Should Improve Financial Literacy Efforts
… of Financial Services (DFS), the Department of State (DOS), the NYS Office for the Aging (NYSOFA), the Office of … although DFS did link to its website. Only three — SUNY, DOS and OTDA — make efforts to identify and reach vulnerable … Literacy Track state and local government spending at Open Book New York . Under State Comptroller DiNapoli’s open data …
https://www.osc.ny.gov/press/releases/2022/09/dinapoli-state-should-improve-financial-literacy-effortsCitywide Payment Services and Standards – Controls Over Payments
… 2019 through November 2022. About the Program DOF is a revenue service, taxation, and recording agency. Its mission is to administer the tax and revenue laws of the City of New York fairly, efficiently, and …
https://www.osc.ny.gov/state-agencies/audits/2024/08/01/citywide-payment-services-and-standards-controls-over-payments