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DiNapoli: Inflation in NYC Metro Area Up 6.1% in March, Growing at Highest Rate in 30 Years
… year ago, driven by double-digit increases in the costs of energy and transportation. Despite lagging inflation growth … nationally and in other large metro areas, NYC metro area price increases appear poised to outstrip earnings growth. … costs in the NYC metro area have grown most steeply for energy, transportation, recreation and food. While some price …
https://www.osc.ny.gov/press/releases/2022/04/dinapoli-inflation-nyc-metro-area-march-growing-highest-rate-30-yearsDual Membership in NYSLRS – Divorce and Your Benefits
… Retirement System. If a member has a membership in one of the above Systems, the Domestic Relations Order (DRO) may … “New York State and Local Retirement System” regardless of the system membership. If a member has dual membership and … the appropriate system. If a DRO is drafted against one of NYSLRS’ Retirement Systems and the member transfers to the …
https://www.osc.ny.gov/retirement/members/divorce/dual-membership-nyslrs2022 Year in Review
… the Office of the State Comptrollers Achievements in 2022 …
https://www.osc.ny.gov/reports/2022-year-reviewParticipation in the Program – Contribution Stabilization Program
… Joining the Program Employers are eligible to participate in the CSP … are treated separately. Please read the information on the How the Program Works page carefully before you submit a form … – March 31, 2024), you will begin paying the normal rate (not the graded rate) in fiscal year 2025 (for your bill that …
https://www.osc.ny.gov/retirement/employers/csp/participation-programInvesting in New York
… possible, the Comptroller guides the Fund to invest in New York-based business ventures, companies and other … that spur economic growth and create and retain jobs. In-State Private Equity Investment Program This program invests in private equity funds that target technology-based startups …
https://www.osc.ny.gov/common-retirement-fund/investing-new-yorkDiNapoli Calls for NYC to Bolster Reserves as Economy Rebounds Amid Rising Spending
Strongerthanprojected yearend budgetary results fueled by extraordinary onetime federal relief will mostly be used to fund new spending with a smaller portion set aside to build up reserves according to an analysis of New York Citys financial plan released by State Comptroller DiNapoli
https://www.osc.ny.gov/press/releases/2021/08/dinapoli-calls-nyc-bolster-reserves-economy-rebounds-amid-rising-spendingImplications for the Future – 2022 Financial Condition Report
… The Economic Outlook: Uncertainty Remains As the world faced … and continued volatility in the financial markets all impact whether the trajectory and pace of the economic … Income Tax (PIT), which produces almost 60 percent of all State tax revenues. The SFY 2021-22 Enacted Budget …
https://www.osc.ny.gov/reports/finance/2022-fcr/implications-futureDiNapoli Releases Executive Budget Report
… In his annual report assessing the proposed Executive Budget, State Comptroller Thomas P. DiNapoli identifies risks … orders with implications for federal funding. As Congress works on the federal budget, there may be additional and …
https://www.osc.ny.gov/press/releases/2025/02/dinapoli-releases-executive-budget-reportDiNapoli Announces State Contract & Payment Actions for July 2014
… of applicants to develop and operate casinos in New York. Local Government Assistance $13.9 million to six counties and … moneys associated with revenues from the Seneca Allegany Casino, Seneca Buffalo Creek Casino and the Seneca Niagara … New York For access to billions of dollars in state and local government spending and nearly 50,000 state contracts, …
https://www.osc.ny.gov/press/releases/2014/08/dinapoli-announces-state-contract-payment-actions-july-2014Local Sales Tax Growth in 2017 Highest in Four Years
Local Sales Tax Growth in 2017 Highest in Four Years
https://www.osc.ny.gov/files/local-government/publications/pdf/local-sales-tax-growth-2017-highest-in-four-years.pdfDiNapoli Analysis Finds Sharp Decline in Homeless Veterans in New York
… New York state made substantial progress in reducing homelessness for veterans between 2010 and 2022 … 83% (from 5,857 to 990), the largest percentage decline in the nation, according to an analysis by State Comptroller … of homeless adults that are veterans was reduced from 9% in 2010 to just 1% in 2022. “Veterans answered the call to …
https://www.osc.ny.gov/press/releases/2023/11/dinapoli-analysis-finds-sharp-decline-homeless-veterans-new-yorkDiNapoli: Expansion of Farm-to-School Programs Depends on Innovation and Collaboration
… Hundreds of New York school districts are increasing children’s consumption of fresh fruits and vegetables and helping students learn … production through farm-to-school programs, but the growth of these programs may be limited by various challenges, …
https://www.osc.ny.gov/press/releases/2016/10/dinapoli-expansion-farm-school-programs-depends-innovation-and-collaborationOversight of the Title Insurance Industry
… Objective To determine if the Department of Financial Services (DFS) adequately … 2018. About the Program DFS is responsible for regulating all insurance in New York State, including title insurance. … insurer losses, as well as expenses and revenues for all title insurance companies in the State. As a rate service …
https://www.osc.ny.gov/state-agencies/audits/2019/03/21/oversight-title-insurance-industryState Comptroller DiNapoli Releases Audits
… since the initial audit, Medicaid improperly paid another $11 million for drugs dispensed after their termination date, …
https://www.osc.ny.gov/press/releases/2022/10/state-comptroller-dinapoli-releases-auditsOpinion 98-8
… or statutory amendments that bear on the issues discussed in the opinion. PUBLIC CONTRACTS -- Preferred Source … required to procure microfilming services, when available in the form, function and utility required by the political … the Office of General Services is required to maintain a list of available preferred source commodities and services …
https://www.osc.ny.gov/legal-opinions/opinion-98-8XIV.14.F Valuation of Capital Assets – XIV. Special Procedures
… asset (such cost is considered a part of the cost of the new capital project). The cost of relocating a facility …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xiv/xiv14f-valuation-capital-assetsNew Yorkers in Need
The Office of the State Comptroller issued three major reports examining “New Yorkers in Need.” The first described poverty trends in New York State; the second examined food insecurity; and the last covered the crisis of housing insecurity.
https://www.osc.ny.gov/files/reports/pdf/new-yorkers-in-need.pdf2022 Munis in Stess
FSMS - 2022 Munis in Stess
https://www.osc.ny.gov/files/local-government/fiscal-monitoring/2022/pdf/2022-munis-stressed.pdfSeeking Competition in Procurement
The Office of the State Comptroller's Legal Division will discuss legal requirements for competitive bidding, including statutory amendments to the General Municipal Law § 103 and various exceptions to the bidding requirements.
https://www.osc.ny.gov/files/local-government/academy/pdf/seeking-competition-in-procurement-062223.pdf2022 Year in Review
The Office of the New York State Comptroller is proud of our 2022 achievements and continued dedication to serving New Yorkers statewide.
https://www.osc.ny.gov/files/reports/pdf/2022-year-in-review.pdf