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DiNapoli: NYC Budget Benefiting From Strong Economy
… and $2.9 billion, respectively. These gaps are relatively small (ranging from 2.1 percent to 4.6 percent of city fund … based on current revenue trends. Personal income and real estate tax collections have been strong so far this year, … and a stronger dollar could affect tourism and the real estate markets in New York City. To protect itself in the …
https://www.osc.ny.gov/press/releases/2015/12/dinapoli-nyc-budget-benefiting-strong-economyExxon's Investors Call for Meaningful Climate Risk Plan
… of carbon emission restrictions and lower demand for fossil fuels. The company's assessment of any impact those …
https://www.osc.ny.gov/press/releases/2017/04/exxons-investors-call-meaningful-climate-risk-planNYS and NYC Pension Funds To SEC: Greater Disclosure Needed On Risks Faced By Fossil Fuel Industry
… that many fossil fuel companies are responding to global warming’s unprecedented challenge with a … participating in a study, conducted by Mercer with other global institutional investors, to study the impact that …
https://www.osc.ny.gov/press/releases/2015/04/nys-and-nyc-pension-funds-sec-greater-disclosure-needed-risks-faced-fossil-fuel-industryOpinion 89-48
… "Undertaking for Discharge of Mechanic's Lien". You ask (i) where and how the bonds are to be indexed on your records, (ii) who physically holds the bonds and (iii) whether the bonds can be returned. Pursuant to section 37 of the Lien Law, a …
https://www.osc.ny.gov/legal-opinions/opinion-89-48DiNapoli: NY's Homeownership Rate Lowest in the Nation
… nation, driven by low rates in New York City, according to a report released today by State Comptroller Thomas P. DiNapoli. Only 53.6% of New York households owned a home in the second quarter of … the national Hispanic gap compared to White households. “Owning a home is the ‘American Dream,’ but for too many New …
https://www.osc.ny.gov/press/releases/2022/10/dinapoli-nys-homeownership-rate-lowest-nationDiNapoli: NYC Office Building Market Values Rise Amid Shift in Demand for Space
… Hudson Yards, Chelsea, Union Square, Soho, Downtown Brooklyn and Long Island City. “The value of office buildings … office buildings are concentrated in Manhattan below 59 th street, which still makes up nearly 90% of office market …
https://www.osc.ny.gov/press/releases/2024/08/dinapoli-nyc-office-building-market-values-rise-amid-shift-demand-spaceState Comptroller DiNapoli Releases Municipal and School Audits
… 4% limit in three of the four years reviewed by as much as 5 percentage points. The district transferred a total of $17.3 million of … at the end of two of the four fiscal years reviewed to the capital projects fund. Prior to the fiscal year-end …
https://www.osc.ny.gov/press/releases/2024/08/state-comptroller-dinapoli-releases-municipal-and-school-auditsState Comptroller DiNapoli Releases Municipal & School Audits
… four fiscal years and the current AFR was overdue as of Aug. 9, 2024. The clerk-treasurers also did not file payroll … and officials are also projecting deficits in 2024. The 2025 proposed budget includes a planned deficit in water, … liabilities totaled more than $20.5 million and the 2025 proposed budget does not provide for satisfying these …
https://www.osc.ny.gov/press/releases/2024/12/state-comptroller-dinapoli-releases-municipal-school-audits-0State Comptroller DiNapoli Releases Municipal Audits
… reviewed were inaccurate because the county’s director of real property tax either used incorrect assessment values or … budgets were significant, such as a $32,471 difference in real property taxes, auditors chose to rely on the proposed …
https://www.osc.ny.gov/press/releases/2025/01/state-comptroller-dinapoli-releases-municipal-auditsFinancial Reporting and Asset Allocation
… These reports provide the public with a clear view of New York State Common … the Fund's estimated value and performance. 1st Quarter, FY 2025-26 Year End Value, FY 2024-25 3rd Quarter, FY 2024-25 …
https://www.osc.ny.gov/common-retirement-fund/resources/financial-reporting-and-asset-allocationSeized Assets Program (Follow-Up)
… or other items that are suspected of being used to conduct criminal activity, are the proceeds from a criminal activity, or were purchased with the proceeds of a criminal activity. As of October 2017, the Division was …
https://www.osc.ny.gov/state-agencies/audits/2017/11/28/seized-assets-program-followSayville Union Free School District – Financial Condition and Cellular Telephones (2015M-86)
… 2014. Background The Sayville Union Free School District is located in the Town of Islip, Suffolk County. The District, which is governed by an elected seven-member Board of Education, … Network Systems Administrator did not properly review cell phone invoices, and the claims auditor did not properly …
https://www.osc.ny.gov/local-government/audits/school-district/2015/08/14/sayville-union-free-school-district-financial-condition-and-cellularChester Union Free School District – Financial Management and Board Oversight (2016M-95)
… controls. Provide the claim auditor with procedures, a checklist and report format to perform a proper audit of …
https://www.osc.ny.gov/local-government/audits/school-district/2016/07/22/chester-union-free-school-district-financial-management-and-boardHarpursville Central School District – Financial Management (2013M-261)
… unexpended surplus fund balance is in compliance with Real Property Tax Law statutory limits and reduce the amount …
https://www.osc.ny.gov/local-government/audits/school-district/2014/01/03/harpursville-central-school-district-financial-management-2013m-261Eldred Central School District – Budget Review (B4-15-3)
… Department. The proposed budget includes $9,845,752 in real property taxes, which complies with the tax cap limits …
https://www.osc.ny.gov/local-government/audits/school-district/2015/04/08/eldred-central-school-district-budget-review-b4-15-3Monticello Central School District – Budgeting (2014M-97)
… Purpose of Audit The purpose of our audit was to evaluate the … The Monticello Central School District is located in the Towns of Bethel, Fallsburgh, Forestburgh, Mamakating … Reduce the amount of unexpended surplus fund balance in a manner that benefits District taxpayers and ensure that the …
https://www.osc.ny.gov/local-government/audits/school-district/2014/09/05/monticello-central-school-district-budgeting-2014m-97Village of Hempstead – Budget Review (B17-7-6)
… Purpose of Audit The purpose of our budget review was to provide an independent evaluation … to rely on real property taxes as an increased revenue source in the future is limited. Key Recommendations This …
https://www.osc.ny.gov/local-government/audits/village/2017/04/14/village-hempstead-budget-review-b17-7-6Groton Central School District – Financial Management (2014M-288)
… maintained in compliance with statutes. Stop raising more real property taxes than necessary. … Groton Central School …
https://www.osc.ny.gov/local-government/audits/school-district/2015/01/09/groton-central-school-district-financial-management-2014m-288Town of Webb Union Free School District – Financial Management (2022M-53)
… excess surplus fund balance, the Board increased the real property tax levy by 6.8 percent from 2017-18 through …
https://www.osc.ny.gov/local-government/audits/school-district/2022/07/08/town-webb-union-free-school-district-financial-management-2022m-53Wilson Central School District - Financial Management (2022M-22)
… (Board) and District officials properly managed fund balance and reserves. Key Findings The Board and District officials did not properly manage fund balance and reserves. As of June 30, 2021: The recalculated … exceeds the 4 percent statutory limit by 8 percentage points. District officials improperly restricted more than …
https://www.osc.ny.gov/local-government/audits/school-district/2022/04/01/wilson-central-school-district-financial-management-2022m-22