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Abandoned Property
… To include unclaimed virtual currency within the scope of property covered under the abandoned property law, shorten the dormancy period for wages, and … To include unclaimed virtual currency within the scope of property covered under the abandoned property law shorten the …
https://www.osc.ny.gov/legislation/abandoned-propertyDiNapoli Report Finds Big Five School Districts' Use of Pandemic Aid Reflects Different Priorities
… school districts received $8.6 billion in federal pandemic relief funds, and analysis by New York State Comptroller … and funded the Elementary and Secondary School Emergency Relief Fund (ESSER). The three rounds of funding are referred … a total of more than $14 billion from the Coronavirus Aid, Relief and Economic Security (CARES) Act, the Coronavirus …
https://www.osc.ny.gov/press/releases/2022/11/dinapoli-report-finds-big-five-school-districts-use-pandemic-aid-reflects-different-prioritiesDiNapoli: School District Tax Levy Cap Below 2 Percent for Second Straight Year
… Property tax levy growth for school districts will be capped … tax levy growth factors for all local governments Property Tax Cap: Inflation and Allowable Levy Growth Factors … Property tax levy growth for school districts will be capped …
https://www.osc.ny.gov/press/releases/2021/01/dinapoli-school-district-tax-levy-cap-below-2-percent-second-straight-yearOpinion 92-18
… (imposition of solid waste generation fee by town) REAL PROPERTY TAXES AND ASSESSMENTS -- Assessments (imposition of … fee would be charged annually to all owners of improved property within the town and establishes a fee schedule … be billed annually as a separate line on the real property tax bill, except that for 1992 the fee would be billed at a …
https://www.osc.ny.gov/legal-opinions/opinion-92-18COVID-19 Causes Big Financial Hit to NYC Arts, Entertainment and Recreation Industry
… A joint partnership better facilitates the flow of federal relief and healthcare supplies to individuals and businesses. … and pushed businesses to the brink of collapse. Direct relief from the federal government, and state and local … pandemic. These actions include: Extending unemployment relief commensurate with need, including extended relief for …
https://www.osc.ny.gov/press/releases/2021/02/covid-19-causes-big-financial-hit-nyc-arts-entertainment-and-recreation-industryOpinion 88-2
… that bear on the issues discussed in the opinion. REAL PROPERTY TAXES AND ASSESSMENTS -- Assessments (special … be based upon a service which enhances the value of the property in the benefited area. Therefore, if the village … the assessment with penalties is levied with the annual tax (section 5-518[5]). It is our opinion that special …
https://www.osc.ny.gov/legal-opinions/opinion-88-2New York’s Economy and Finances in the COVID-19 Era
… Drop in New York Business applications for federal tax identification numbers, which provide an early look at … the economic impact of the pandemic and the shift in the tax filing deadline from April 15 to July 15. Despite such … has received $5.1 billion from the federal Coronavirus Relief Fund, which was created by the CARES Act enacted by …
https://www.osc.ny.gov/reports/covid-19-july-22-2020Town of Milton – Financial Records and Reports and Sales Tax Revenues (2014M-357)
… The Town improperly budgeted and allocated sales tax revenue, resulting in Town taxpayers with real property located in the Village of Ballston Spa receiving an … sales tax revenues at the expense of Town taxpayers with property located outside the Village. Key Recommendations …
https://www.osc.ny.gov/local-government/audits/town/2015/03/20/town-milton-financial-records-and-reports-and-sales-tax-revenues-2014m-357Town of Covington – Tax Collection Remittance (P1-24-24)
… Objective Determine whether the Town of Covington (Town) Tax Collector remitted all collections as required by New York State Town Law (Town Law). Key Findings The Tax Collector did not remit collections to the Town … finance Town and County operations in a timely manner. The Tax Collector did not remit taxes to the Supervisor at least …
https://www.osc.ny.gov/local-government/audits/town/2025/01/03/town-covington-tax-collection-remittance-p1-24-24-0New York City Tourism Industry Hit Hard by Pandemic, Visitor Spending Drops by 73%
… prior year, which will cost the city $1.2 billion in lost tax revenues in City Fiscal Year (CFY) 2021. “The tourism … and state must help with safe reopening, while targeting relief funds to workers and to hotels, venues, restaurants … driver for tourism industry employment, wages and city tax revenues. DiNapoli estimates after reaching a record high …
https://www.osc.ny.gov/press/releases/2021/04/new-york-city-tourism-industry-hit-hard-pandemic-visitor-spending-drops-73Opinion 89-16
… of each company, must determine how foreign fire insurance tax moneys are to be used for the benefit of the department … for that purpose. You ask whether foreign fire insurance tax moneys may be expended to pay for the publication of a … the Laws of 1988, govern the use of foreign fire insurance tax moneys except as otherwise provided in any special law. …
https://www.osc.ny.gov/legal-opinions/opinion-89-16Town of Mentz – Board Oversight (2016M-403)
… for the town-outside-village highway fund, and the 2016 tax levy exceeded the property tax cap for that year by $4,260. The Board did not … and that comply with, or properly override, the property tax cap. Conduct annual audits of the records and …
https://www.osc.ny.gov/local-government/audits/town/2017/11/22/town-mentz-board-oversight-2016m-403Local Government – 2023 Financial Condition Report
… Major Local Revenue Sources Remain in Strong Condition Real property tax revenues are the largest source of revenue for … followed by cities at 19.4 percent ($1 billion). Property Tax – Inflation Far Outpaced Allowable Levy Growth … Real property tax revenues are the largest source of revenue for …
https://www.osc.ny.gov/reports/finance/2023-fcr/local-governmentTown of Nichols – Town Supervisor's Records and Reports (2022M-185)
… because the Board consistently levied the majority of property taxes in the town-wide (TW) funds, where additional … due to the casino revenues and did not levy the necessary property taxes in the town-outside-village (TOV) funds. The … Adopt balanced budgets with appropriate real property tax levies that ensure equity among tax bases. Town officials …
https://www.osc.ny.gov/local-government/audits/town/2023/03/24/town-nichols-town-supervisors-records-and-reports-2022m-185Medina Central School District - Tax Collection (2019M-151)
Determine whether the Tax Collector (Collector) received, recorded, deposited and reported real property tax collections in an accurate and timely manner.
https://www.osc.ny.gov/files/local-government/audits/pdf/medina-2019-151.pdfExamination of Superstorm Sandy Expenses
… to additional locations (e.g., firehouses) for other Sandy relief efforts. Key Findings We found DHSES did not maintain … if DHSES received all of the lights purchased for Sandy relief efforts. Recoup all payments made for lights not …
https://www.osc.ny.gov/state-agencies/audits/2014/03/21/examination-superstorm-sandy-expensesEast Ramapo Central School District – Budget Review (B21-5-4)
… planned federal aid including (CARES – Coronavirus AID, Relief, and Economic Security Act; CRRSA – Coronavirus Response and Relief Supplemental Act; and ARP – American Rescue Plan). We …
https://www.osc.ny.gov/local-government/audits/school-district/2021/05/05/east-ramapo-central-school-district-budget-review-b21-5-4DiNapoli: Number of New Yorkers Behind on Utility Bills Soared During Pandemic
… Public Service Commission have acted to provide meaningful relief to low-income customers through the Utility Arrears Relief Program and the Phase 1 Arrears Reduction Program, and …
https://www.osc.ny.gov/press/releases/2022/07/dinapoli-number-new-yorkers-behind-utility-bills-soared-during-pandemicCity of Glen Cove – Budget Review (B7-15-17)
… in the 2016 proposed budget from the sale of waterfront property and City officials were unable to provide any … insufficient appropriation of $315,000 for the payment of tax certiorari refunds, which have averaged $848,000 over the … realizes the $4.6 million in revenues associated with the property sale and waterfront development project, it should …
https://www.osc.ny.gov/local-government/audits/city/2015/10/16/city-glen-cove-budget-review-b7-15-17Comptroller DiNapoli Releases Municipal Audits
… the clerk did not retain source documents to support property tax payments received and did not always issue duplicate … sales tax revenue, resulting in town taxpayers with real property located in the village of Ballston Spa receiving an …
https://www.osc.ny.gov/press/releases/2015/04/comptroller-dinapoli-releases-municipal-audits