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DiNapoli 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-spendingCity of Sherrill – Payroll and Community Activity Center Cash Receipts (2017M-228)
… March 31, 2017. Background The City of Sherrill is located in Oneida County and has a population of approximately 3,070. The City is governed by …
https://www.osc.ny.gov/local-government/audits/city/2017/12/22/city-sherrill-payroll-and-community-activity-center-cash-receipts-2017m-228DiNapoli: Wall St. on Track for Higher Profits
… The securities industry earned profits of $9.3 billion in the first half of 2016, which puts it on course for higher … surpass last year,” DiNapoli said. “While the securities industry in New York City is smaller than before the …
https://www.osc.ny.gov/press/releases/2016/10/dinapoli-wall-st-track-higher-profitsWall Street Profits Up in 2016
… up for the continued decline in revenues," DiNapoli said. "Bonuses were up only slightly in New York City as the … in the city are either directly or indirectly associated with the securities industry. DiNapoli’s office releases an … employees in the city earned more than $250,000, compared with 2 percent in the rest of the city’s workforce. …
https://www.osc.ny.gov/press/releases/2017/03/wall-street-profits-2016DiNapoli: More New Yorkers Facing Food Insecurity, Tariffs and Federal Funding Cuts Could Worsen Problem
… City metropolitan area have risen 25.2% since 2019 and low-income households are paying substantially more toward food than before the pandemic, according to a report released today by State Comptroller Thomas P. …
https://www.osc.ny.gov/press/releases/2025/04/dinapoli-more-new-yorkers-facing-food-insecurity-tariffs-and-federal-funding-cuts-could-worsenDiNapoli: NYC Spending Priorities Shifted During Pandemic
… for low-income New Yorkers ($75 million) and expanded slots for the Summer Youth Employment Program ($57 million). …
https://www.osc.ny.gov/press/releases/2023/02/dinapoli-nyc-spending-priorities-shifted-during-pandemicDiNapoli: NYC Needs to Develop Comprehensive Plan to Manage Pandemic-Battered Finances
New York City facing significant uncertainty in its economic and financial outlook should develop a comprehensive plan to lay out its options before resorting to longterm borrowing to fund operations according to a report released today by State Comptroller Thomas P DiNapoli
https://www.osc.ny.gov/press/releases/2020/10/dinapoli-nyc-needs-develop-comprehensive-plan-manage-pandemic-battered-financesOversight of Certified Homeless Shelter Food Services
… Purpose To determine whether the Office of Temporary and Disability Assistance (OTDA), New York City Department of Homeless Services (DHS), and New York City Department of Health and Mental Hygiene (DOHMH) are adequately …
https://www.osc.ny.gov/state-agencies/audits/2018/10/29/oversight-certified-homeless-shelter-food-servicesDiNapoli: NYC Sales Tax Collections Strong Due to Tourism and Commuter Return, Fueling Statewide Strength
… growth rates following the next two fiscal years. Report NYC Taxable Sales and Purchases: Resilient Amid Economic …
https://www.osc.ny.gov/press/releases/2023/04/dinapoli-nyc-sales-tax-collections-strong-due-tourism-and-commuter-return-fueling-statewide-strengthControls Over Capital Improvements at City-Owned Homeless Shelters
… City-owned homeless shelters. Our audit covered the period from July 1, 2013 through December 16, 2019. About the … Once a capital project is added to the DHS capital plan, it first goes through a design phase and then a … five projects were not completed on time, ranging from 6 months to 4½ years late. Six projects exceeded their …
https://www.osc.ny.gov/state-agencies/audits/2020/08/25/controls-over-capital-improvements-city-owned-homeless-sheltersDiNapoli Tracks NYC Agency Performance, Recommends Greater Transparency
… resulting in critical services being impacted, according to a new report released today by New York State Comptroller … Services Monitoring Tool , which launched in November 2023 to help the public and lawmakers better evaluate agency … the quality of the data it collects by ensuring agencies have reported in a timely, accurate and complete manner. …
https://www.osc.ny.gov/press/releases/2024/12/dinapoli-tracks-nyc-agency-performance-recommends-greater-transparencyNew York City Budget Balanced But Economic Risks Have Grown
… local economy has made balancing the city’s budget easier. Since 2009, the city has added 820,400 jobs, bringing … in FY 2021, $2.9 billion in FY 2022 and $3.1 billion in FY 2023. The budgets for these years includes reserves of … budget cuts during the financial plan period ending in FY 2023. Although the immediate risk of federal budget cuts has …
https://www.osc.ny.gov/press/releases/2019/08/new-york-city-budget-balanced-economic-risks-have-grownDiNapoli: Lockport Facing Severe Cash Flow Problems
… The city of Lockport will run out of cash to pay for operations … to nearly $4.6 million by Dec. 31. Cash shortfalls occur when bills must be paid before revenue is received to pay … balances that were materially misstated, leaving the city council and the mayor’s office without reliable financial …
https://www.osc.ny.gov/press/releases/2014/08/dinapoli-lockport-facing-severe-cash-flow-problemsDiNapoli Releases Interactive Map of Local Census Results
… York State Comptroller Thomas P. DiNapoli today released a report tracking New York’s local demographic changes based … respectively. Overall, cities outside New York City grew for the first time since 1960, up 2% to total 2.3 million … living in villages also grew, but only by 1.1%, due in part to the dissolution of 22 villages between 2010 and 2020. …
https://www.osc.ny.gov/press/releases/2021/11/dinapoli-releases-interactive-map-local-census-resultsDiNapoli: NYC Faces Unprecedented Fiscal and Economic Challenges
… need to make hard choices to ensure budget balance in the current fiscal year and to close next year’s budget gap.” … start of the fiscal year. Despite a balanced budget in the current fiscal year, the city projects a budget gap of … Comptroller has quantified risks of $1.8 billion in the current fiscal year and more than $2.3 billion in subsequent …
https://www.osc.ny.gov/press/releases/2020/08/dinapoli-nyc-faces-unprecedented-fiscal-and-economic-challengesCity of Long Beach – Budget Review (B21-7-6)
… of Budget Review The purpose of our budget review was to determine whether the significant revenue and expenditure … reasonable, and whether the City took appropriate action to implement or resolve recommendations from our budget … Long Beach, located in Nassau County, has been authorized to issue debt not to exceed $12,000,000 to liquidate the …
https://www.osc.ny.gov/local-government/audits/city/2021/05/12/city-long-beach-budget-review-b21-7-6City of Binghamton – Apparent Misappropriation of Parks and Recreation Department Funds (2013M-169)
… of January 1, 2007, to January 5, 2013. Background The City of Binghamton is located in Broome County and has 47,400 residents. The seven-member Common Council is the City’s legislative branch. John Whalen was a City employee …
https://www.osc.ny.gov/local-government/audits/city/2013/10/03/city-binghamton-apparent-misappropriation-parks-and-recreation-department-fundsCity of Yonkers – Budget Review (B22-6-6)
… Background The Office of the State Comptroller, as Fiscal Agent for the City of Yonkers (City), determined that the … are in compliance with the requirements of the Fiscal Agent Act (Chapter 488 of the Laws of 1976). The City’s …
https://www.osc.ny.gov/local-government/audits/city/2022/06/10/city-yonkers-budget-review-b22-6-6City of Yonkers – Budget Review (B19-6-6)
… Background The Office of the State Comptroller, as Fiscal Agent for the City of Yonkers (City), determined that the … are in compliance with the requirements of the Fiscal Agent Act (Chapter 488 of the Laws of 1976). The City’s …
https://www.osc.ny.gov/local-government/audits/city/2019/07/10/city-yonkers-budget-review-b19-6-6City of Troy – Budget Review (B19-5-8)
… of Budget Review The purpose of our budget review was to determine whether the significant revenue and expenditure … located in Rensselaer County, is authorized to issue debt not to exceed $24,706,000 to liquidate cumulative deficits in … State Local Finance Law requires all municipalities that have been authorized to issue obligations to fund operating …
https://www.osc.ny.gov/local-government/audits/city/2019/11/07/city-troy-budget-review-b19-5-8