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New York’s Economy and Finances in the COVID-19 Era
… Budget: Budgeting in a Time of Crisis Subscribe for Latest News and Updates … Nearly 30 percent of all New York …
https://www.osc.ny.gov/reports/covid-19-september-16-2020DiNapoli: 82 School Districts in Fiscal Stress
… Eighty-two school districts have been designated as fiscally stressed under New York State Comptroller Thomas P. DiNapoli’s Fiscal Stress … fiscal years ending on June 30, 2015. This is the third year DiNapoli’s office has assessed and scored the financial …
https://www.osc.ny.gov/press/releases/2016/01/dinapoli-82-school-districts-fiscal-stressDiNapoli: New York City Job Growth Continues to Set Records
… New York City has added more than 900,000 jobs over the past ten years and its 24 percent rate of … “New York City’s unemployment rate is at a historic low and job growth over the past decade has been … since 1976. The unemployment rate remained at its historic low of 4.1 percent in 2019. While the unemployment rate for …
https://www.osc.ny.gov/press/releases/2020/02/dinapoli-new-york-city-job-growth-continues-set-recordsDiNapoli Releases Review of City's Proposed Budget and Financial Plan
… according to a review of New York City’s financial plan released today by New York State Comptroller Thomas P. … during fiscal years 2015 through 2017 and whether the Health and Hospitals Corporation will require additional … be known about the cost of these initiatives and funding source by the time the Mayor presents his executive budget in …
https://www.osc.ny.gov/press/releases/2014/03/dinapoli-releases-review-citys-proposed-budget-and-financial-planState Comptroller DiNapoli Releases Audits
… Learning – Compliance With the Reimbursable Cost Manual (2022-S-7) Cantalician, a not-for-profit special education … to provide Preschool Special Class (over 2.5 hours per day) and Preschool Integrated Special Class (over 2.5 hours per day) to children with disabilities who are between the …
https://www.osc.ny.gov/press/releases/2023/02/state-comptroller-dinapoli-releases-auditsDiNapoli: Strong Tax Collections and New Savings Initiatives Boost NYC's Short-Term Finances
… will allow New York City to maintain budget balance in the coming fiscal year, but the city faces significant … DiNapoli’s report notes that FY 2024 budget balance is projected as the city is returning to a revenue composition that more closely …
https://www.osc.ny.gov/press/releases/2023/06/dinapoli-strong-tax-collections-and-new-savings-initiatives-boost-nycs-short-term-financesNY State Comptroller DiNapoli Calls on Companies to Adopt Better Workers' Rights Policies
… spill into the press, violate labor laws, or contradict a company’s own policies can pose reputational and financial … the long-term value is dependent on the wellbeing of a company’s workforce, and we expect portfolio companies to act … unionized newsrooms and not bargaining in good faith. Amid news that additional employees have considered organizing …
https://www.osc.ny.gov/press/releases/2023/02/ny-state-comptroller-dinapoli-calls-companies-adopt-better-workers-rights-policiesDiNapoli Releases Fiscal Stress Scores for Villages and Some Cities
… Bay (Suffolk County), and Mohawk (Herkimer County). No municipalities were designated in the highest category of … did not file their data in time to receive a FSMS score, a date that is at least three months past their statutory … for school districts . In September, his office will release scores for municipalities with a calendar-year fiscal …
https://www.osc.ny.gov/press/releases/2023/03/dinapoli-releases-fiscal-stress-scores-villages-and-some-citiesFederal Relief Aid Temporarily Reverses Trend of NY Sending More to Washington Than It Gets Back
… figure of $18,599 per capita. New York's ranking rose to 17th in federal spending among the states in FFY 2020 from …
https://www.osc.ny.gov/press/releases/2022/03/federal-relief-aid-temporarily-reverses-trend-ny-sending-more-washington-it-gets-backDiNapoli: NYC Forecasts $965 Million Surplus Fueled by Federal Aid
… which averaged $4 billion annually from FY 2023 through FY 2025 in the adopted budget in June 2021, were narrowed … in FY 2023, $3 billion in FY 2024, and $3.3 billion in FY 2025, fueling gaps that could total more than $5 billion … in advancing fiscal discipline in the face of potential resource constraints. The city has budgeted for the use of …
https://www.osc.ny.gov/press/releases/2021/12/dinapoli-nyc-forecasts-965-million-surplus-fueled-federal-aidDiNapoli: DOH Needs to Step Up Enforcement of Patient Safety Violations
… Health (DOH) has failed to hold accountable certain health care providers including hospitals, nursing homes and individual nurses, for patient safety violations and use its power under the law to … Thomas P. DiNapoli. “Lisa’s Law was created to make health care in New York safer and give patients the knowledge they …
https://www.osc.ny.gov/press/releases/2021/03/dinapoli-doh-needs-step-enforcement-patient-safety-violationsSelected Aspects of Collecting Outstanding Amounts Due for Parking Violations
… $2.8 billion that were issued to vehicles for parking, red light camera, bus lane camera, and school zone camera …
https://www.osc.ny.gov/state-agencies/audits/2021/03/23/selected-aspects-collecting-outstanding-amounts-due-parking-violationsOversight of the Home Delivered Meals Program (Follow-up)
… audit report, Oversight of the Home Delivered Meals Program (Report 2020-N-5 ). About the Program The New York City (City) Department for the Aging (DFTA) is the City agency primarily responsible for addressing … to make voluntary contributions at the time of meal delivery, to be used to benefit the providers’ HDML programs. …
https://www.osc.ny.gov/state-agencies/audits/2024/04/10/oversight-home-delivered-meals-program-followDiNapoli Releases Profile of New York's Small Business Owners
… Even as many small businesses shuttered their doors or struggled through … female and minority-owned; however, they continue to represent less than one-quarter of all owners in New York state. “New Yorkers have always had a great entrepreneurial spirit and drive, and that was no …
https://www.osc.ny.gov/press/releases/2024/03/dinapoli-releases-profile-new-yorks-small-business-ownersDiNapoli: More State Involvement Needed to Address Local Emergency Medical Services Challenges
… services (EMS), amid a drop in EMS workers and inadequate funding, but more state action is needed to ensure localities are able to provide dependable … reported that they intend to increase service levels from what they currently offer. None reported planning to reduce …
https://www.osc.ny.gov/press/releases/2024/03/dinapoli-more-state-involvement-needed-address-local-emergency-medical-services-challengesControls Over the Empire State Supportive Housing Initiative
… 2016, ESSHI is part of the Executive’s comprehensive plan for affordable and supportive housing to ensure all New … process of becoming active and are in various stages of construction. Key Findings We found significant deficiencies … visits were not conducted 38% of the initial support plans were not developed within 30 days 38% of the annual …
https://www.osc.ny.gov/state-agencies/audits/2023/12/21/controls-over-empire-state-supportive-housing-initiativeDiNapoli Proposes Reforms to Bolster State's Rainy Day Reserves
… in the country, New York still lags behind other states when it comes to its rainy day reserves, according to a report released today by New … DiNapoli. “The time to prepare for serious fiscal problems is before they arrive,” DiNapoli said. “The need for a …
https://www.osc.ny.gov/press/releases/2019/12/dinapoli-proposes-reforms-bolster-states-rainy-day-reservesDiNapoli: LIRR Ridership Is Recovering but Service Improvement Must Remain a Priority
… than in 2019. Still, the LIRR had 31% more delays from train car problems last year than in 2019, showing there are … transportation system,” DiNapoli said. “The recent rise in train delays and cancellations, especially from train … in 2013 to 18 in 2022 as delivery has been delayed. The MTA recently announced it would have to reduce the size of …
https://www.osc.ny.gov/press/releases/2024/07/dinapoli-lirr-ridership-recovering-service-improvement-must-remain-priorityDiNapoli Op-Ed in Times Union
… as having the second-largest debt burden in the nation. Rating agencies have consistently cited our high and growing …
https://www.osc.ny.gov/press/releases/2023/02/dinapoli-op-ed-times-unionXIV.14.L Asset Retirement Obligations – XIV. Special Procedures
… Statement No. 83 (GASBS 83) – Certain Asset Retirement Obligations ASSET RETIREMENT OBLIGATION DEFINITION An asset … scope: Obligations that arise solely from a plan to sell or dispose of a tangible capital asset Obligations resulting … reference (if the external obligating event is a law or regulation) Asset’s remaining useful life Estimated ARO …
https://www.osc.ny.gov/state-agencies/chapter-xiv/xiv14l-asset-retirement-obligations