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DiNapoli Releases Executive Budget Report
… billion, or 3.6%, compared to updated projections for SFY 2024-25. State Operating Funds (SOF) spending is expected to … General Fund surpluses are anticipated currently for SFY 2024-25 and SFY 2025-26, these are projected to give way to … Census estimates, there were over 336,500 fewer people in 2024 than in 2020. Between 2020 and 2024, New York benefitted …
https://www.osc.ny.gov/press/releases/2025/02/dinapoli-releases-executive-budget-reportCapital Asset Management
… certify the value of their capital assets in SFS AM on March 31 as part of the State’s annual statewide financial … in capital assets, totaling $112.2 billion as of March 31, 2022 with the Office's reporting obligation at $18.6 billion. Capital assets include land, land improvements …
https://www.osc.ny.gov/state-agencies/audits/2024/02/12/capital-asset-managementTown of Sherburne – Budgeting (2025M-3)
… [read complete report - pdf] Audit Objective Did the Town of Sherburne (Town) Board … budgets? Audit Period December 31, 2020 – December 31, 2023. We extended our audit period to November 12, 2024 to … on preparing and filing your CAP, please refer to our brochure, Responding to an OSC Audit Report , which you …
https://www.osc.ny.gov/local-government/audits/town/2025/04/18/town-sherburne-budgeting-2025m-3DiNapoli: City of Kingston Is Addressing Infrastructure and Affordable Housing Needs While Maintaining Fiscal Stability
… economic and community well-being,” said Ulster County Executive Jen Metzger . “As a county government, we’ve been … County Industrial Development Agency,” Ulster County IDA Director Hillary Nichols said . “Together, we look forward to … needed affordable housing units,” Family of Woodstock Executive Director Michael Berg said . “However, this is just …
https://www.osc.ny.gov/press/releases/2025/05/dinapoli-city-kingston-addressing-infrastructure-and-affordable-housing-needs-while-maintainingTemporary Assistance – Federal Funding and New York
… is limited to 60 months for any adult. In January 2025, 204,974 people received federally funded Temporary … for Needy Families Recipients, January 2015 – January 2025 Note: Temporary Assistance includes Family Assistance … for Needy Families Expenditures, January 2015 – January 2025 Note: Temporary Assistance includes Family Assistance …
https://www.osc.ny.gov/reports/budget/fed-funding-ny/temporary-assistanceDiNapoli: More New Yorkers Facing Food Insecurity, Tariffs and Federal Funding Cuts Could Worsen Problem
… than $15,000 spent almost 70% of their income on food, a 16-point jump in just four years compared to a 0.7-point rise …
https://www.osc.ny.gov/press/releases/2025/04/dinapoli-more-new-yorkers-facing-food-insecurity-tariffs-and-federal-funding-cuts-could-worsenIncorrect Payments by CVS Caremark for Medicare Rx Drug Claims That Were Improperly Paid Under the Commercial Plan (Follow-up)
… data, no additional controls had been evaluated or put in place to prevent claims from being inappropriately …
https://www.osc.ny.gov/state-agencies/audits/2025/06/18/incorrect-payments-cvs-caremark-medicare-rx-drug-claims-were-improperly-paid-underDiNapoli Announces New Technology Investment Through Contour Venture Partners
… program is a win for the Fund and a win for companies in communities around the state.” "This partnership with the New …
https://www.osc.ny.gov/press/releases/2014/01/dinapoli-announces-new-technology-investment-through-contour-venture-partnersDiNapoli Releases Analysis of State Budget Financial and Capital Plans
… Financial Plan projects healthy growth in tax receipts and federal aid for the current fiscal year, but raises concerns … long-term balance, increasing debt and the impacts of federal policies, according to a report released today by … plan addresses risks such as downturns in tax receipts and federal aid, but other, more unpredictable impacts on state …
https://www.osc.ny.gov/press/releases/2019/07/dinapoli-releases-analysis-state-budget-financial-and-capital-plansDiNapoli: Special Education Contractor Convicted for $2 Million Fraud
… unsupported or inappropriate charges. There are currently 18 additional audits of preschool special education providers … education providers in this $1.4 billion program by March 31, 2018. … The former owner of a Queensbased special …
https://www.osc.ny.gov/press/releases/2014/09/dinapoli-special-education-contractor-convicted-2-million-fraudNYS Common Retirement Fund Announces First Quarter Results
… The New York State Common Retirement Fund's (Fund) overall estimated value … in the first quarter," DiNapoli said. "New York state's pension fund is designed and prudently managed to provide … requested data. … The New York State Common Retirement Funds Fund overall estimated value in the first quarter of …
https://www.osc.ny.gov/press/releases/2018/08/nys-common-retirement-fund-announces-first-quarter-resultsNYS Common Retirement Fund Announces Third Quarter Results
… The New York State Common Retirement Fund’s overall return in the third quarter of the Fund’s 2015-2016 fiscal year was … traded domestic equities and 15.3 percent in international public equities. The remaining Fund assets by allocation are invested in cash (2.3 percent), Treasury …
https://www.osc.ny.gov/press/releases/2016/02/nys-common-retirement-fund-announces-third-quarter-resultsDiNapoli Releases July State Cash Report
… in July from a year earlier, helping lift the state’s total tax collections slightly above updated projections … easily accessible on his transparency website Open Book New York . … State income tax collections increased $882 million …
https://www.osc.ny.gov/press/releases/2017/08/dinapoli-releases-july-state-cash-reportOpinion 94-2
… or statutory amendments that bear on the issues discussed in the opinion. CITIES--Fees (exemption from parking meter … applicable, any tax, fee, license or permit in the use of public highways, or excluding any such owner, operator or … fees for parking on public highways is defined exclusively by the Vehicle and Traffic Law. Pursuant to Vehicle and …
https://www.osc.ny.gov/legal-opinions/opinion-94-2DiNapoli: Public Authority Debt Ballooned to $329 Billion
… All Funds expenditures of $209.3 billion in State Fiscal Year (SFY) 2021-22. While state and local public authorities … contracts worth $111.8 billion. Of these, nearly 16% were awarded non-competitively. State and local public … part-time employees for the most recently reported fiscal year. Total compensation totaled over $13.2 billion, and over …
https://www.osc.ny.gov/press/releases/2022/12/dinapoli-public-authority-debt-ballooned-329-billionXI-A.8 Payment Tolerances – XI-A. Purchasing
… to create a change order for the PO to correct the voucher match exception. As a result of establishing tolerances, … PO change orders for variances that result in small dollar match exceptions. For select items, tolerances allow for … applied during the matching process to allow a voucher to match a purchase order when there is a minimal difference …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xia/xi-a8-payment-tolerancesAllocation, Billing, and Collection of Expenses of Administering the Motor Vehicle Financial Security Act and the Motor Vehicle Safety Responsibility Act (Follow-Up)
… to its practice of not adjusting its billing to account for amended premiums reported by insurance carriers. The Department also lacked a method for carrying prior period balances forward to subsequent …
https://www.osc.ny.gov/state-agencies/audits/2021/05/27/allocation-billing-and-collection-expenses-administering-motor-vehicle-financial-securityState Agencies Bulletin No. 1857
… changed his or her name and has not yet obtained a new card from the SSA, provide the employee with Form SS-5 …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1857-verification-employees-social-security-number-ssn-and-name-be-reportedDiNapoli: Money Earmarked for Highway and Bridge Infrastructure Siphoned Off
… SFY 2020-21 from $665 million to $594 million, a decrease of nearly 11%. In SFY 2020-21, only 17 cents of every dollar spent from DHBTF supported a new capital … roughly level. In total, $5.3 billion has been spent on transportation capital projects since SFY 2012-13, while …
https://www.osc.ny.gov/press/releases/2022/01/dinapoli-money-earmarked-highway-and-bridge-infrastructure-siphoned-offNYS Comptroller DiNapoli: Wall Street’s 2021 Bonuses Set a New Record
… to employees in New York City’s securities industry for 2021 grew to $257,500, a 20% jump over the previous year’s … billion in 2020. The 2020 bonus pool itself reflected 25% growth over the previous year, an increase that was … sector will increase by 16.2% in SFY 2022, ending March 31. Because the city’s securities industry makes up …
https://www.osc.ny.gov/press/releases/2022/03/nys-comptroller-dinapoli-wall-streets-2021-bonuses-set-new-record