Search
DiNapoli: NYC Finances Gain Stronger Footing
… April, New York City released its $98.6 billion executive budget for the fiscal year beginning July 1, 2021 (FY 2022), … The Comptroller’s report notes the city plans to provide a general reserve of $300 million in FY 2022, about 0.4 percent … purpose, could reduce gaps to less than 4 percent of city-fund revenues, absent the budget risks. DiNapoli’s report …
https://www.osc.ny.gov/press/releases/2021/06/dinapoli-nyc-finances-gain-stronger-footingDiNapoli Op-Ed in Newsday Urges Washington to Help Governments Hurt by COVID-19
… government to do more to help state and local governments hit hard by the coronavirus. The full op-ed is below: State, … economic devastation. New York and other hard hit areas need money to balance their books and that cash … government to do more to help state and local governments hit hard by the coronavirus …
https://www.osc.ny.gov/press/releases/2020/04/dinapoli-op-ed-newsday-urges-washington-help-governments-hurt-covid-19Federal Relief Aid Temporarily Reverses Trend of NY Sending More to Washington Than It Gets Back
… funds from the federal government, provided in response to the COVID-19 pandemic, boosted New York’s per capita balance of payments from Washington from second-to-last in federal fiscal year (FFY) 2019 to 40th in FFY 2020 among states, according to a report …
https://www.osc.ny.gov/press/releases/2022/03/federal-relief-aid-temporarily-reverses-trend-ny-sending-more-washington-it-gets-backOpinion 2000-19
… Comptroller at the time it was rendered. The opinion may no longer represent those views if, among other things, there … anticipated that the elevator will be used to significant degree by other than disabled association members, only that … prescribed by the special act (see 1999 Opns St Comp No. 99-3, p 5; 1997 Opns St Comp No. 97-4, p 8; 1995 Opns St …
https://www.osc.ny.gov/legal-opinions/opinion-2000-19DiNapoli: State's Fiscal Picture Has Improved, but Impact of Pandemic Revenue Losses Will Linger
… aid from the federal government, in his review of the Executive Budget for State Fiscal Year (SFY) 2021-22, as … later.” DiNapoli released a preliminary analysis of the Executive Budget in January. His full analysis of the Executive Budget released today, which includes a review of …
https://www.osc.ny.gov/press/releases/2021/03/dinapoli-states-fiscal-picture-has-improved-impact-pandemic-revenue-losses-will-lingerOpinion 95-22
… discussed in the opinion. FOREIGN FIRE INSURANCE TAXES -- Exempt Volunteer Firemen's Benevolent Association (use of tax … equipment) INSURANCE LAW, §§9104, 9105: The Fishkill Exempt Firemen's Benevolent Association may not expend … of the fire department. You ask whether the Fishkill Exempt Firemen's Benevolent Association may expend foreign …
https://www.osc.ny.gov/legal-opinions/opinion-95-22Town of Lenox - Real Property Tax Exemption Administration (2018M-242)
… Town Assessor properly administered select real property tax exemptions. Key Finding We reviewed 101 properties with … Town Assessor properly administered select real property tax exemptions …
https://www.osc.ny.gov/local-government/audits/town/2019/02/15/town-lenox-real-property-tax-exemption-administration-2018m-242Accounting for the State TAx Relief (STAR) Program
Accounting for the State TAx Relief (STAR) Program
https://www.osc.ny.gov/files/local-government/publications/pdf/star.pdfTown of Owasco – Real Property Tax Exemptions Administration (2020M-102)
… (Assessor) properly administered select real property tax exemptions. Key Finding The Assessor did not properly administer select real property tax exemptions. Granted property exemptions were not always properly applied for or supported. … Assessor properly administered select real property tax exemptions …
https://www.osc.ny.gov/local-government/audits/town/2021/01/29/town-owasco-real-property-tax-exemptions-administration-2020m-102Real Property Tax Levies, Taxable Full Value and Full Value Tax Rates - Tax Levies and Tax Rates for 2012 and Prior Years (overlapping real property tax tables)
Tax Levies and Tax Rates for 2012 and Prior Years overlapping real property tax tables
https://www.osc.ny.gov/local-government/data/real-property-tax-levies-taxable-full-value-and-full-value-tax-rates-tax-levies-and-tax-rates-2012-andSelected Controls Over the Property Tax Assessment Process
… Purpose To determine if the New York City Department of Finance has sufficient controls to ensure the accurate determination of property tax valuations and … To determine if the New York City Department of Finance has sufficient controls to ensure the accurate …
https://www.osc.ny.gov/state-agencies/audits/2017/07/11/selected-controls-over-property-tax-assessment-processReal Property Tax Cap Information - Glossary
… that year, but not more than 1.5% of that limit. (Starts in second year of limit.) Coming Fiscal Year (CFY) - The … local law (by a 60 percent vote of the governing body, or in the case of school districts, 60 percent popular vote) … taxes more than the allowable levy growth factor. Payments in Lieu of Taxation (PILOTs) - Often used by tax-exempt …
https://www.osc.ny.gov/local-government/property-tax-cap/real-property-tax-cap-information-glossaryOpinion 91-29
… bear on the issues discussed in the opinion. FOREIGN FIRE INSURANCE TAXES -- Exempt Volunteer Firemen's Benevolent … -- Treasurer's Powers (liability for tax moneys) INSURANCE LAW, §§9104, 9105; NOT-FOR-PROFIT CORPORATION LAW, … Association of Lakeview may not expend foreign fire insurance tax moneys to pay for an eye care plan, hospital …
https://www.osc.ny.gov/legal-opinions/opinion-91-29Property Tax Cap: Local Government Property Tax Cap Formula Presentation
Property Tax Cap Local Government Property Tax Cap Formula Presentation
https://www.osc.ny.gov/files/local-government/property-tax-cap/pdf/formula.pdfProperty Tax Cap Property Tax Cap Instructions
Detailed instructions are found in this document.
https://www.osc.ny.gov/files/local-government/property-tax-cap/pdf/instructions.pdfNew York’s Economy and Finances in the COVID-19 Era (March 18, 2021)
… to Report a Negative Overall Impact From COVID-19 One year since the onset of the COVID-19 pandemic, New York’s small … Economic Injury Disaster Loans are available for a 30-year term with payments deferred for one year. The Paycheck … One year since the onset of the COVID19 pandemic New Yorks small …
https://www.osc.ny.gov/reports/impact-covid-19-march-18-2021Opinion 91-59
Whether the Volunteer and Exempt Firemens Benevolent Association of Hicksville may establish an annuity program to provide retirement and death benefits to all members of the Association or their beneficiaries on a pro rata basis
https://www.osc.ny.gov/legal-opinions/opinion-91-59Property Tax Exemptions
Property Tax Exemptions
https://www.osc.ny.gov/files/local-government/publications/pdf/propertytax_exemptions.pdfReal Property Tax Exemptions Administration (2017-MR-4)
… granted exemptions that lacked applications, renewal forms or supporting documentation. Assessors misclassified or …
https://www.osc.ny.gov/local-government/audits/statewide-audit/2018/04/13/real-property-tax-exemptions-administration-2017-mr-4Real Property Tax Cap - School Districts Guidance
… property owned by LIPA. In these instances, the first line of the 2016-2017 tax cap form (prior year levy: Tax Levy … Public Authorities Law § 1020-q [1]) should be included on the fifth line: PILOTs receivable FYE 6/30/2016. As we … year (PILOTs receivable FYE 6/30/2017), the amount entered on the form should be based on a good faith estimate of the …
https://www.osc.ny.gov/local-government/property-tax-cap/real-property-tax-cap-school-districts-guidance