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Opinion 92-1
… substituted for) GENERAL MUNICIPAL LAW, §§106, 109-b: (1) A municipality does not have discretion to refuse to permit … retained percentages when proper securities of sufficient market value are submitted. (2) In addition to the securities … obligations for retained percentages, in the case of U.S. government obligations, the obligations must be credited …
https://www.osc.ny.gov/legal-opinions/opinion-92-1Small Business in New York State: An Economic Snapshot, March 2019
From mom-and-pop corner stores to medical practices to computer software start-ups, small businesses play a vital role in New York’s economy
https://www.osc.ny.gov/files/reports/special-topics/pdf/small-business-nys-2019.pdfDiNapoli: State Missing Out on Millions in Medicare Payments for Kidney Patients
… disease (ESRD) who meet certain eligibility requirements get the Medicare benefits to which they are entitled, according to an audit released … their entitlement to Medicare and taken steps to help get them enrolled, the Medicaid program could have saved as … renal disease who meet certain eligibility requirements get the Medicare benefits to which they are entitled …
https://www.osc.ny.gov/press/releases/2017/03/dinapoli-state-missing-out-millions-medicare-payments-kidney-patientsXI-A.6 Auto-Sourcing Purchase Orders – XI-A. Purchasing
… a PO, which are: Sourcing POs from staged contract releases on an approved agency contract in the Procurement … Transaction Preparation: Staged Contract Purchase Order Releases Online Agencies Agencies’ Contract Processors can … for contracts. The process is known as “staging contract releases” and can be used to schedule one or more POs for a …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xia/xi-a6-auto-sourcing-purchase-ordersThe Transportation and Warehousing Sector in New York City
… June 2022 PDF Version Highlights As of April 2022, the transportation and warehousing sector in … transportation lost the most employment from 2019 to 2021, declining by 34 percent to 22,472 jobs. More than one-half of sector workers are … From moving people into and around New York City to delivering food and storing goods the transportation and …
https://www.osc.ny.gov/reports/osdc/transportation-and-warehousing-sector-new-york-cityOpinion 97-21
… or statutory amendments that bear on the issues discussed in the opinion. LIBRARIES -- Finances (filing of annual … to section 30 of the General Municipal Law. This is in response to your inquiry concerning the filing of annual … of the General Construction Law, the term "now," as used in a statute referring to other laws in force, "relates to …
https://www.osc.ny.gov/legal-opinions/opinion-97-21Comptroller DiNapoli & A.G. Schneiderman Announce Arrest of Arizona Man For Theft of Over $100,000 in NYS Pension Benefits
… General Eric T. Schneiderman today announced the unsealing of an indictment charging John H. Eydeler III, 66, a resident of Glendale, Arizona, with grand larceny in the second … Dorothy Eydeler, a retired nurse who died in October of 1998. “After his mother passed away, Mr. Eydeler hid her …
https://www.osc.ny.gov/press/releases/2016/08/comptroller-dinapoli-ag-schneiderman-announce-arrest-arizona-man-theft-over-100000-nys-pensionDiNapoli: Potential Changes in Federal Policies Pose Risks for New York City's Budget
… growth in tax collections and job creation, according to a report released today by State Comptroller Thomas P. … policies present the greatest and most imminent risk to New York City’s financial outlook. The city faces the … of millions of dollars in federal funding and cuts to Medicaid," DiNapoli said. "With these risks in mind, Mayor …
https://www.osc.ny.gov/press/releases/2017/08/dinapoli-potential-changes-federal-policies-pose-risks-new-york-citys-budgetDiNapoli and Montgomery County DA Pearson: Former Executive Director of the Fulton-Montgomery County Chamber of Commerce Arrested for Embezzling Over $440K
… Police Superintendent Steven G. James announced the arrest of MaryBeth Shults, the former Executive Director of the Fulton-Montgomery County Chamber of Commerce, for allegedly stealing $440,351 from the …
https://www.osc.ny.gov/press/releases/2026/03/dinapoli-and-montgomery-county-da-pearson-former-executive-director-fulton-montgomery-county-chamberLinkNYC Program Revenues and Monitoring (Follow-Up)
… after the issuance of this report to provide information on any action planned to address the unresolved issues …
https://www.osc.ny.gov/state-agencies/audits/2023/09/26/linknyc-program-revenues-and-monitoring-followDiNapoli Announces $1.2 Billion in New Commitments to State Pension Fund's Emerging Manager Program
… an additional $500 million allocation to Artemis Real Estate Partners for real estate investments, an additional $300 million allocation to … commitment to Leading Edge Investment Advisors for a new small capitalization equity investment platform. The Fund is …
https://www.osc.ny.gov/press/releases/2015/02/dinapoli-announces-12-billion-new-commitments-state-pension-funds-emerging-manager-programSection 21 (L) Election Form (RS5379)
For NYSLRS Tier 1 & 2 members (and Tier 3 & 5 PFRS members who are non-contributory) to request to make voluntary contributions to NYSLRS for an annuity.
https://www.osc.ny.gov/files/retirement/forms/pdf/rs5379.pdfDiNapoli: MTA Must Prioritize Safety and Service to Win Riders Back
… a positive experience and continuing to focus on improving public safety and service. Riders and taxpayers, who are … nearly twice as often as they blamed service. Among bus riders the predominant causes for riding less were … because subway ridership has declined. That, along with the increase in violent incidents, influences riders’ …
https://www.osc.ny.gov/press/releases/2023/03/dinapoli-mta-must-prioritize-safety-and-service-win-riders-backDiNapoli: Brooklyn is King of NYC Economic Growth
… Brooklyn’s economy is expanding, adding jobs and businesses … decades of losses, according to an economic snapshot of Brooklyn released today by New York State Comptroller Thomas P. DiNapoli. "Business in Brooklyn is booming and people want to live there because of …
https://www.osc.ny.gov/press/releases/2014/05/dinapoli-brooklyn-king-nyc-economic-growthOpinion 92-2
… to pay amounts due under contract for hydrants serving a zone) FIRE HYDRANTS -- Fire Districts (authority to use … to pay amounts due under contract for hydrants serving a zone); (authority to budget amounts due for preceding and … made in the current year, there is no legal impediment to raising the necessary amount in the current year's fire …
https://www.osc.ny.gov/legal-opinions/opinion-92-2What is a Defined Benefit Plan?
… by many private employers. Perhaps the greatest benefit is that, once you meet the minimum age and service … However, the biggest contributor to your pension plan is the New York State Common Retirement Fund . Over the past … may pay a set amount; or they may “match” all or part of what an employee contributes. Investments Contributions from …
https://www.osc.ny.gov/retirement/members/defined-benefit-planState Agencies Bulletin No. 2432
… The purpose of this bulletin is to inform agencies of limit changes implemented as part of the Federal SECURE 2.0 … of the SECURE 2.0 Act increases the catch-up contribution limit for eligible participants attaining 60, 61, 62, or 63 … or 50% more than the applicable catch-up contribution limit. Pursuant to IRS IR-2025-67, released on November 13, …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2432-403b-and-457-plan-contribution-changes-resulting-federal-secure-20-actDiNapoli: Many SUNY Campus Foundations Operating Without Contracts or Proper Oversight
… A third of the 30 State University of New York (SUNY) campus foundations were operating without the contracts … More than half of the foundations have not been audited by SUNY in at least 10 years. "We found numerous problems with SUNY's oversight of its campus foundations. SUNY does not …
https://www.osc.ny.gov/press/releases/2018/02/dinapoli-many-suny-campus-foundations-operating-without-contracts-or-proper-oversightDiNapoli: Wall Street Bonuses Rose Sharply in 2009
… the previous all-time record. In 2008, the industry lost a record $42.6 billion. “Wall Street is vital to New York’s … a much lower share of net revenue to compensation compared with past years. DiNapoli also reported that: Broker-dealer … at Goldman Sachs, Morgan Stanley, and JPMorgan Chase Investment Bank, which are more diversified than …
https://www.osc.ny.gov/press/releases/2010/02/dinapoli-wall-street-bonuses-rose-sharply-2009Opinion 97-20
… bear on the issues discussed in the opinion. FOREIGN FIRE INSURANCE TAXES -- Particular Uses (remodeling and purchasing appliances for firehouse kitchen) INSURANCE LAW, §§9104, 9105: Unless otherwise provided by … fire department may determine to use foreign fire insurance tax moneys to make reasonable expenditures to …
https://www.osc.ny.gov/legal-opinions/opinion-97-20