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DiNapoli: MTA Budget Gaps Return
… predicted subway ridership will reach 80% by the end of 2026, a much slower return than the consultant’s July 2021 …
https://www.osc.ny.gov/press/releases/2024/10/dinapoli-mta-budget-gaps-returnDiNapoli Releases Report on Municipalities Close to Exceeding Tax Limits
… Comptroller Thomas P. DiNapoli. The CTL is the maximum amount of real property tax a local government can raise in a single year. In 2012, only seven … position.” New York has two primary mechanisms that limit how much a municipality can raise in property taxes. The …
https://www.osc.ny.gov/press/releases/2019/08/dinapoli-releases-report-municipalities-close-exceeding-tax-limitsSelected Aspects of Central Office Disbursements From the Tuition and Fees Refund Bank Account
… to students from the Tuition and Fees Refund bank account were appropriate and authorized. The audit scope … Central Office established a Tuition and Fees Refund bank account to reimburse students when the payments they make … covered by other sources, such as scholarships). The account is also used to issue book advance payments, enabling …
https://www.osc.ny.gov/state-agencies/audits/2018/10/19/selected-aspects-central-office-disbursements-tuition-and-fees-refund-bank-accountDiNapoli: Wall Street Bonuses Fell 44% in 2008
… in response to record losses suffered by the securities industry, according to an estimate released today by State … lose major tax revenues,” DiNapoli said. “The securities industry has already lost tens of thousands of jobs and the industry is still continuing to write off toxic assets. It’s …
https://www.osc.ny.gov/press/releases/2009/01/dinapoli-wall-street-bonuses-fell-44-2008Revenue Enhancement Ideas: Cash Management for Local Governments and School Districts
… reserves and other balances that could be invested longer term in investments allowable by law. Accelerate Collection … years to maximize interest and minimize fees. Legal Requirements Public moneys must be deposited and … and investment of public moneys. Please consult with your legal counsel for advice. Following are select General …
https://www.osc.ny.gov/local-government/publications/revenue-enhancement-ideas-cash-management-local-governments-and-school-districtsDiNapoli: IDA Audits Reveal Need For Improved Project Oversight
… failed to adequately monitor project approvals or results, according to audits issued today by New York State Comptroller Thomas P. DiNapoli. “When … counties failed to adequately monitor project approvals or results according to audits issued today by New York State …
https://www.osc.ny.gov/press/releases/2015/09/dinapoli-ida-audits-reveal-need-improved-project-oversightOpinion 98 - 19
… requirement for in fire district) REFERENDUM -- Mandatory (need for in fire district for installment purchase … purchase contract of a fire district is subject to a mandatory referendum. You ask whether an installment purchase contract of a fire district is subject to mandatory referendum. General Municipal Law, §109-b …
https://www.osc.ny.gov/legal-opinions/opinion-98-19DiNapoli: Corporations to Disclose Political Spending
… Fund (Fund), announced today that Goodyear Tire and Rubber Co. and Nisource Inc. have agreed to the Fund's request that … Energy Corp. (36.2%); Equifax Inc. (35.9%); Western Union Co. (35.1%); Wynn Resorts (29.7%); Aetna (26%); United … Healthcare Group (25%); Allstate (24.9%); Eli Lilly and Co. (24.8%); Textron Inc. (23.4%); Consol Energy Inc. …
https://www.osc.ny.gov/press/releases/2017/07/dinapoli-corporations-disclose-political-spendingState Agencies Bulletin No. 961
… who first join TRS on or after January 1, 2010 Effective Date(s) January 1, 2010 Background On December 10, 2009, the … to select a Contribution Status of “Contributing” and an Election Option Code of “SEO” (Standard Election Option), which will automatically default the …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/961-new-tier-5-benefit-structure-new-york-state-teachers-retirement-systemAwarding and Oversight of Statewide Interoperable Communications Grants
… evaluation methods, and distributed based on total score, highest to lowest; Round 3 eligibility was limited to … The Division also monitors counties’ activity through site visits, telephone calls, and Regional Consortiums to … meet to obtain contract extensions. Other Related Audit/Report of Interest New York State Homes and Community …
https://www.osc.ny.gov/state-agencies/audits/2017/07/18/awarding-and-oversight-statewide-interoperable-communications-grantsContract Advisory No. 4
… Subject: Corrective Action for Contract Transactions Created in the Statewide Financial … Subject to OSC Approval OSC will not approve any new contract where the SFS Audit ID includes a Business … Unit/Department ID combination other than those valid for contract transactions. If an invalid Business Unit/Department …
https://www.osc.ny.gov/state-agencies/advisories/contract-advisory/4-business-unit-and-department-id-combinations-used-create-contracts-statewideDiNapoli: College Student Loan Debt Doubled in New York Over Last Decade
… Comptroller Thomas P. DiNapoli today released a report on student loan debt which found the average New Yorker with college loans owed $32,200 in 2015, higher than the national average of $29,700. In New York, student loan debt more than doubled during the last decade, …
https://www.osc.ny.gov/press/releases/2016/09/dinapoli-college-student-loan-debt-doubled-new-york-over-last-decadeLehman College – Controls Over Bank Accounts
… 1, 2013 through December 4, 2014, CUNY reported 336 active or closed bank accounts, including 14 at Lehman. In addition, … notify the UC by completing a “Bank Account Notification Form.” The UC notifies the college within five business days … affiliated entities. Six of Lehman’s accounts were opened or closed after CUNY’s bank authorization policy was …
https://www.osc.ny.gov/state-agencies/audits/2016/04/21/lehman-college-controls-over-bank-accountsPension Funds Break New Ground on Board Diversity
… with Monster Beverage Corp. and Standard Pacific Corp. to formally include sexual orientation and gender identity in … Pacific, a California-based homebuilder, is believed to be the first U.S. corporation to include these provisions in its board nominating charter. …
https://www.osc.ny.gov/press/releases/2015/04/pension-funds-break-new-ground-board-diversityDiNapoli Op-Ed: We Should Be Teaching Financial Literacy in NY's High Schools
… Newsday on Monday published an op-ed from New York State Comptroller Thomas P. DiNapoli … Newsday on Monday published an oped from New York State Comptroller Thomas P DiNapoli and …
https://www.osc.ny.gov/press/releases/2024/02/dinapoli-op-ed-we-should-be-teaching-financial-literacy-nys-high-schoolsCity of Newburgh – Budget Review (B23-6-9)
… our budget review was to determine whether the significant revenue and expenditure projections in the City’s 2023 … The City should refrain from including the $1.5 million revenue and corresponding expenditures in their 2024 adopted … The City could potentially face shortfalls based on revenue estimates for sewer usage and sale of metered water. …
https://www.osc.ny.gov/local-government/audits/city/2023/11/17/city-newburgh-budget-review-b23-6-9Language Access Services
… Proficiency including complying with Executive Order 261 and New York State Executive Law Chapter 18 Article 10 …
https://www.osc.ny.gov/state-agencies/audits/2023/10/26/language-access-servicesControls Over Capital Improvements at City-Owned Homeless Shelters
… of the homeless shelters. Governed by a "right to shelter" mandate, the City provides temporary emergency shelter to every eligible person who requests services. Over … DHS lacks the necessary controls over City-owned homeless shelter capital improvement projects to ensure urgently …
https://www.osc.ny.gov/state-agencies/audits/2020/08/25/controls-over-capital-improvements-city-owned-homeless-sheltersDiNapoli: Environmental Facilities Corporation Faces Significant Funding Backlog for Essential Water Infrastructure Projects
… to ensure the success of these programs continues.” EFC is a public benefit corporation that provides financing … The federal Infrastructure Investment and Jobs Act of 2021 is estimated to make $2.5 billion available for these … totaling $26.1 billion. DiNapoli said more transparency is necessary on the state’s water infrastructure programs. …
https://www.osc.ny.gov/press/releases/2024/04/dinapoli-environmental-facilities-corporation-faces-significant-funding-backlog-essential-waterDiNapoli Bolsters State Pension Fund Support of LGBTQIA+ Equity & Inclusion at Portfolio Companies
… management strategy. Specifically, they ask how the company supports its LGBTQIA+ employees through … workforce management. This latest request follows ongoing engagement with Best Buy Co., questioning whether the company has retreated from its longtime commitment to …
https://www.osc.ny.gov/press/releases/2024/06/dinapoli-bolsters-state-pension-fund-support-lgbtqia-equity-inclusion-portfolio-companies