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Abandoned Property
… Session 2019-2020: A.8314 (Weinstein) – To include unclaimed virtual currency within the scope of property covered under the abandoned property law, shorten … as written consent. Memo Bill Text Status … To include unclaimed virtual currency within the scope of property …
https://www.osc.ny.gov/legislation/abandoned-propertyAbandoned Property
… – Signed into law on November 22, 2022 as Chapter 640 of the Laws of 2022 – A.7742-A/S.9360 (Lavine/Thomas) – Provides coverage for … electronic communications, and recognizes the death of an owner as a trigger for dormancy. Memo Bill Text Status … …
https://www.osc.ny.gov/legislation/abandoned-property-0Sales Tax Vendor Registration Practices (Follow-Up)
… Objective To determine the extent of implementation of the recommendation included in our initial audit report, Sales Tax Vendor Registration Practices (Report 2020-S-40 ). About … to 4.875%, and in the Metropolitan Commuter Transportation District at 0.375%. The use tax is imposed on taxable items …
https://www.osc.ny.gov/state-agencies/audits/2023/06/21/sales-tax-vendor-registration-practices-followTown of Athens - Town Clerk/Tax Collector (2018M-41)
… and remitted money in a timely manner. Key Findings Real property taxes totaling nearly $2.2 million in 2016 and $1.3 … between four to six weeks later. Clerk fees and real property taxes were not always deposited within the required … receipt. In 2016, the Clerk deposited $37,036 in real property taxes from between one to 24 days after receipt. …
https://www.osc.ny.gov/local-government/audits/town/2018/06/08/town-athens-town-clerktax-collector-2018m-41City of Troy – Budget Review (B5-15-22)
… includes estimated revenues related to the sale of real property, franchise fees, sales tax and advanced life support charges which may not be … City should review revenue estimates for the sale of real property, franchise fees, sales tax and advanced life support …
https://www.osc.ny.gov/local-government/audits/city/2015/11/10/city-troy-budget-review-b5-15-22DiNapoli: Tax Cap Remains at Two Percent for 2020
… for local governments with fiscal years that close on Dec. 31 will be capped at 2 percent for the 2020 fiscal year, … had their levy growth capped at less than 2 percent. For a list of allowable levy growth factors for all local …
https://www.osc.ny.gov/press/releases/2019/07/dinapoli-tax-cap-remains-two-percent-2020Medicaid Program – Improper Payments of Medicare Buy-in Premiums for Ineligible Recipients
… by the Centers for Medicare & Medicaid Services (CMS), Medicaid pays Medicare premiums for individuals who … and process enrollment in the Buy-in Program. In addition, CMS automatically enrolls certain individuals. Medicaid … for 282 individuals identified as deceased. According to CMS, improper premium payments beyond two months for reasons …
https://www.osc.ny.gov/state-agencies/audits/2021/11/29/medicaid-program-improper-payments-medicare-buy-premiums-ineligible-recipientsPersonal Income Tax Refunds and Property Tax Credits-Final Report 2019-BSE08-01
We examined personal income tax refunds (refunds) approved by the Department of Tax and Finance between January 1, 2018 through December 31, 2018.
https://www.osc.ny.gov/files/state-agencies/audits/pdf/bse-2019-09-12.pdfState Comptroller DiNapoli Releases Municipal Audits
… Misappropriation of Funds (Steuben County) After a referral from Steuben County District Attorney Brooks Baker, … pay all bills and report the department’s financial status at regular department meetings; however, they do not …
https://www.osc.ny.gov/press/releases/2016/12/state-comptroller-dinapoli-releases-municipal-auditsDiNapoli: State’s Financial Plan Reflects a Bleak Economic Outlook
… Budget Financial Plan anticipates a dire fiscal outlook in State Fiscal Year (SFY) 2020-21 and projects sweeping budget cuts that could affect essential services provided by the … to Localities spending, while large reductions in funding for State Operations are also planned. School children and …
https://www.osc.ny.gov/press/releases/2020/05/dinapoli-states-financial-plan-reflects-bleak-economic-outlookSchroon Lake Central School District – Financial Condition (2014M-145)
… 2013. Background The Schroon Lake Central School District is located in the Towns of Schroon Lake and North Hudson in Essex County … that may be carried over into the next school year. As a result, real property taxes have been significantly higher …
https://www.osc.ny.gov/local-government/audits/school-district/2015/02/20/schroon-lake-central-school-district-financial-condition-2014m-145DiNapoli: More School Districts Take Initial Steps to Exceed Tax Cap
… of State Comptroller Thomas P. DiNapoli. As of March 2nd, 6 percent, or 36, of the 601 school districts that … some districts whose 2016-17 tax levy limit will drop from what was levied in 2015-16. According to initial reports, … have about $308 million less in levy growth compared to what they had in 2015-16 when the allowable growth factor was …
https://www.osc.ny.gov/press/releases/2016/03/dinapoli-more-school-districts-take-initial-steps-exceed-tax-capVillage of Monticello – Financial Condition (2020M-107)
… multiyear capital plan that provides sufficient resources for necessary capital improvements. Village officials …
https://www.osc.ny.gov/local-government/audits/village/2020/12/23/village-monticello-financial-condition-2020m-107Property Tax Cap for School Districts Webinar Presentation
Please join us as we provide an overview of the Property Tax Cap Program for School Districts. Presenters will discuss the Property Tax Cap Legislation, highlight some common reporting errors, and review reporting requirements. We will also demonstrate the online reporting system.
https://www.osc.ny.gov/files/local-government/academy/pdf/property-tax-cap-for-school-districts-02-09-2022.pdfProperty Tax Cap Reporting for School Districts Presentation
Please print out the Property Tax Cap Reporting for School Districts presentation to follow along with webinar.
https://www.osc.ny.gov/files/local-government/academy/pdf/property-tax-cap-reporting-for-school-districts-presentation.pdfProperty Tax Cap for Local Governments Webinar Presentation
This webinar will provide a general overview of the Property Tax Cap for Local Governments.
https://www.osc.ny.gov/files/local-government/academy/pdf/property-tax-cap-for-local-governments-10-07-21.pdfProperty Tax Cap for Local Governments Webinar Presentation
Print out the Property Tax Cap for Local Governments Presentation to follow along with the webinar.
https://www.osc.ny.gov/files/local-government/academy/2020/pdf/property-tax-cap-local-governments-10-08-20.pdfProperty Tax Cap How to Calculate Retirement Exclusions
Learn How to Calculate Retirement Exclusions From Example
https://www.osc.ny.gov/files/local-government/property-tax-cap/pdf/exclusion_example.pdfDiNapoli: Temporary Federal Spending Drives Up NY’s National Ranking in States’ Balance of Payments
… The surge in federal spending in response to the COVID-19 pandemic significantly improved New York’s per … for fiscal recovery, economic support, Medicaid and vaccine manufacturing contracts,” DiNapoli said. “This …
https://www.osc.ny.gov/press/releases/2023/04/dinapoli-temporary-federal-spending-drives-nys-national-ranking-states-balance-paymentsDiNapoli: School District Tax Levy Growth to Remain Below Two Percent
… Comptroller Thomas P. DiNapoli. The latest calculation affects the tax cap calculations for 677 school districts as … the “Big Four”cities of Buffalo, Rochester, Syracuse and Yonkers. “For the fourth consecutive year, school and … be able to rely on ample rainy day funds to offset the low growth in revenue, but others must examine their budgets …
https://www.osc.ny.gov/press/releases/2017/01/dinapoli-school-district-tax-levy-growth-remain-below-two-percent