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DiNapoli: Lockport Facing Severe Cash Flow Problems
… financial troubles stem from poor record keeping and a reliance on fund balance to finance operations. “The city … to address its financial woes. City officials need to get a handle on the city’s finances immediately and create a … in a timely manner so that the council and city officials can properly assess the magnitude of the city’s fiscal …
https://www.osc.ny.gov/press/releases/2014/08/dinapoli-lockport-facing-severe-cash-flow-problemsBorrowing Against Your Contributions – Article 14 Benefits
… If you meet eligibility requirements, you may take a loan from the Retirement System. Before you apply, you should … tax laws pertaining to Retirement System loans. Your loan will be taxable if: The loan amount exceeds federal limits. You have a loan with a …
https://www.osc.ny.gov/retirement/publications/1644/borrowing-against-your-contributionsDiNapoli: Local Sales Tax Growth Slows
… In 2013, the growth rate was 5.2 percent. New York’s 15-year annual average growth in sales taxes is 4.2 percent. … on their budgets now and in the future. As the 2015 fiscal year unfolds, I recommend local leaders continue their … of the total growth in local sales tax collections last year took place in New York City. The city’s sales tax …
https://www.osc.ny.gov/press/releases/2015/02/dinapoli-local-sales-tax-growth-slowsDiNapoli: Transparency Needed as NYC Moves Forward with Difficult Budget Choices
… New York City is planning significant steps to reduce city-funded … by escalating costs in the years ahead. However, the city’s ability to cut spending is limited to what it has … over the financial plan period to achieve structural balance. Report Nondiscretionary Spending and Budgetary …
https://www.osc.ny.gov/press/releases/2023/09/dinapoli-transparency-needed-nyc-moves-forward-difficult-budget-choicesDiNapoli: 27 NY Local Governments Persistently Delinquent in Filing Required Financial Data to the State
… as required, giving stakeholders information they can use to make financial decisions, a number do not,” DiNapoli said. … captures full valuation and levy information needed to calculate the tax limit. Three local governments – two … of Legally Required Local Government Reports Find out how your government money is spent at Open Book New York . …
https://www.osc.ny.gov/press/releases/2020/03/dinapoli-27-ny-local-governments-persistently-delinquent-filing-required-financial-data-stateDiNapoli: Fewer Counties Exceeding Tax Cap
… source of revenue for counties at 24 percent, DiNapoli found. Additional sources include sales and use taxes (33 …
https://www.osc.ny.gov/press/releases/2015/06/dinapoli-fewer-counties-exceeding-tax-capOversight of Registration, Licensing, and Inspection of Radioactive Materials Facilities and Radiation Equipment Facilities
… licensing and inspection records for the period of January 1, 2017 through February 28, 2020 and other information … duties include licensing and inspecting approximately 1,100 radioactive materials facilities (RAM facilities), as … completed 44% of those inspections beyond the established 1- to 5-year inspection time frames by relying on a buffer. …
https://www.osc.ny.gov/state-agencies/audits/2021/09/23/oversight-registration-licensing-and-inspection-radioactive-materials-facilities-andUnified Court System Bulletin No. UCS-292
… for tax withholding purposes, and reflected on the 2020 Form W-2 (Wage and Tax Statement). Effective Dates Effective … of the prepaid legal benefit, will not have their Form W-2 (Wage and Tax Statement) wages (Federal, State, and …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/unified-court-system/ucs-292-prepaid-legal-service-benefit-unified-court-system-ucsUnified Court System Bulletin No. UCS-280
… for tax withholding purposes, and reflected on the 2019 Form W-2 (Wage and Tax Statement). Effective Date Effective … application of the prepaid legal benefit, will have their Form W-2 (Wage and Tax Statement) wages (Federal, State, and …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/unified-court-system/ucs-280-prepaid-legal-service-benefit-unified-court-system-ucsOversight of Registration, Licensing, and Inspection of Radioactive Materials Facilities and Radiation Equipment Facilities (Follow-Up)
… Objective To determine the extent of the four recommendations included in our initial audit report, Oversight of Registration, Licensing, and Inspection of Radioactive … that DOH completed 94% of RAM facility inspections on time. However, it completed 44% of those inspections beyond …
https://www.osc.ny.gov/state-agencies/audits/2024/04/10/oversight-registration-licensing-and-inspection-radioactive-materials-facilities-andNY Received More From Washington Than It Sent Due to Federal Relief
… relief funds, though being spent down, continued to boost New York’s balance of payments with Washington, according to a report …
https://www.osc.ny.gov/press/releases/2024/04/ny-received-more-washington-it-sent-due-federal-reliefSUNY Bulletin No. SU-368
… employees who were part-time during the 1996 academic year may receive Discretionary Lump Sum Payments. Effective … Employees who were part-time during the 1996 academic year and have since become full-time. Employees anticipated … Employees who were full-time during the 1996 academic year and have since become part-time. Agency Actions: To pay …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-university-new-york/su-368-suny-discretionary-lump-sum-payments-dlp-and-dls-fall-2024Annual Report on Local Governments for FYE 2021
This report provides a summary analysis of the financial state of the local governments outside of New York City for local fiscal years ending in 2021. Year two of the COVID-19 pandemic continued to present local officials with financial and operational challenges. In this report, we summarize these
https://www.osc.ny.gov/files/local-government/publications/pdf/annual-report-on-local-governments-for-fye-2021.pdfFirst Quarter 2022 Local Sales Tax Collections Up 21 Percent
Local government sales tax collections totaled nearly $5.2 billion in the first quarter of 2022, an increase of 21.1 percent, or $901 million, compared to the same quarter the previous year. This growth was at least partially driven by inflation, which hit a 40-year-high in March, most notably for g
https://www.osc.ny.gov/files/local-government/publications/2022/pdf/2022-sales-taxes-first-quarter.pdfFirst Quarter 2022 Local Sales Tax Collections Up 21 Percent
Local government sales tax collections totaled nearly $5.2 billion in the first quarter of 2022, an increase of 21.1 percent, or $901 million, compared to the same quarter the previous year. This growth was at least partially driven by inflation, which hit a 40-year-high in March, most notably for g
DiNapoli: Audits Find Certain IDAs Lack Job Creation Data
… in the audit reports. “These audits highlighted what is both right and wrong with IDAs in our state,” said … so that residents can better determine if their local IDA is fulfilling its mission.” The Comptroller’s audits, which … $9.6 million that were financed by its own funds. There is no formal process to compare current and projected jobs at …
https://www.osc.ny.gov/press/releases/2015/04/dinapoli-audits-find-certain-idas-lack-job-creation-dataState Agencies Bulletin No. 2002
… codes in Administration Pay Period 24L, checks dated 03/16/2022. Eligibility Criteria: The annual canine handler … to the current pay period begin date. Earnings: Non-leap year amount: $210.96 Leap year amount: $210.38 End Date: Leave blank unless the …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2002-annual-stipend-canine-handlers-represented-public-employees-federationLocal Government – 2022 Financial Condition Report
… been since the tax cap was first implemented and more than triple the 2.3 percent inflation factor from the prior year. …
https://www.osc.ny.gov/reports/finance/2022-fcr/local-governmentComparison of ERS Benefits
… Below is a comparison of Employees’ Retirement System (ERS) benefits by … subject to limitations. FAE Limitation The earnings in any year cannot exceed the average of the previous two years by … FAE calculation. The limit increases by 3% each calendar year (January 1 – December 31). See Overtime Limits for Tier …
https://www.osc.ny.gov/retirement/employers/comparison-ers-benefitsState Comptroller DiNapoli Releases Year-End Accomplishments
… The New York State Common Retirement Fund reached an all-time high of … DiNapoli noted today in a release summarizing his office’s major accomplishments in 2013. Other notable highlights … and continuing challenges to achieving structural budget balance. Warned of weaknesses in the legislation to …
https://www.osc.ny.gov/press/releases/2014/01/state-comptroller-dinapoli-releases-year-end-accomplishments