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DiNapoli: NYC Finances Strong But Slowing Economy Presents Risks
… Mayor de Blasio released his preliminary executive budget for fiscal year (FY) 2017 and a financial plan for FY 2016 through FY 2020. The city projects a $2.3 billion surplus for FY 2016, which will be used to balance the FY 2017 …
https://www.osc.ny.gov/press/releases/2016/02/dinapoli-nyc-finances-strong-slowing-economy-presents-risksDiNapoli: MTA Capital Funding Gap May Exceed $12 Billion
… that could have been used to modernize the system. For example, East Side Access is now projected to cost $10.7 … Funding the capital program has been an ongoing challenge for the MTA. Consequently, transit assets that the MTA had … committee is expected to examine priorities and financing for the next capital program. The federal government is the …
https://www.osc.ny.gov/press/releases/2014/07/dinapoli-mta-capital-funding-gap-may-exceed-12-billionDiNapoli Announces $2B Strategic Partnership With Goldman Sachs Asset Management For Global Equity Investments
… Fund’s return. The partnership is the first of its kind for the Fund. “This innovative partnership gives the New York … Strategic Partnership with CRF is a landmark assignment for GSAM and we appreciate the confidence CRF has placed in …
https://www.osc.ny.gov/press/releases/2014/09/dinapoli-announces-2b-strategic-partnership-goldman-sachs-asset-management-global-equity-investmentsDiNapoli: Funds Dedicated for Highway & Bridge Capital Projects Continue to be Diverted for Operating and Debt Costs
… Highway and Bridge Trust Fund continues to be diverted for non-capital purposes, leaving critical highway and bridge … than three-quarters of this money is siphoned off to pay for borrowing and operating costs of state agencies, leaving fewer dollars for improving our infrastructure,”DiNapoli said. “While the …
https://www.osc.ny.gov/press/releases/2014/02/dinapoli-funds-dedicated-highway-bridge-capital-projects-continue-be-diverted-operating-and-debtFormer Head of Niagara Falls Housing Authority Pleads Guilty to Stealing Government Funds; Son and Daughter-in-Law Also Convicted
… and Urban Development's Inspector General, and the FBI for their diligent work in the fight against public … support and charity-oriented philanthropic initiatives for residents in Niagara County. Allen and Fredia Cowart, on … October 1, 2013 for the duration of the school year. The salary associated with this appointment was $23 an hour. …
https://www.osc.ny.gov/press/releases/2017/12/former-head-niagara-falls-housing-authority-pleads-guilty-stealing-government-funds-son-and-daughterDiNapoli: $10 Million Ponzi Scheme Unraveled Following Nassau County District Attorney Investigation
… alleged collaborator, a financial advisor from Syosset, for allegedly scamming at least 40 people – many seniors – … and the United States Postal Inspection Service for their continued partnership and diligence in exposing … said that beginning in January 2015, an elderly victim for whom Eckstein worked as a personal accountant and …
https://www.osc.ny.gov/press/releases/2018/09/dinapoli-10-million-ponzi-scheme-unraveled-following-nassau-county-district-attorney-investigationDiNapoli: Oil Spill Fund Reaches New Agreements With St. Lawrence County
… of these agreements continue to pay long-term dividends for residents of the North Country." The Oil Spill Fund, … (DEC) and the Office of the Attorney General (OAG), pays for the cleanup of petroleum contamination when the parties … and Spill Compensation Fund is reaping great benefits for our communities," said St. Lawrence County Board of …
https://www.osc.ny.gov/press/releases/2018/08/dinapoli-oil-spill-fund-reaches-new-agreements-st-lawrence-countyDiNapoli: LIRR On-Time Performance Falls Short
… to the role played by Amtrak, which is responsible for properly maintaining Penn Station and the four East River … from 95.1 percent to 94 percent in 2015. Preliminary data for the first quarter of 2017 show that on-time performance … but this estimate excludes canceled or terminated trains. For that reason, this measure does not capture the experience …
https://www.osc.ny.gov/press/releases/2017/04/dinapoli-lirr-time-performance-falls-shortComptroller DiNapoli: Schools Must Do More to Limit Access to Sensitive Student Databases
… steps to: Establish written policies and procedures for student information system administration including a … or change user accounts and rights and procedures for monitoring user access; Ensure that individuals are … to show who authorized the grade change and the reason for the change; Remove all unknown/generic or shared student …
https://www.osc.ny.gov/press/releases/2014/08/comptroller-dinapoli-schools-must-do-more-limit-access-sensitive-student-databasesDiNapoli: Many SUNY Campus Foundations Operating Without Contracts or Proper Oversight
… to contract with foundations, which are private, not-for-profit corporations, to support fundraising efforts, real … that ends June 30 and found that in addition to a state salary, 20 were paid nearly $1.8 million by UBF. Four of … and UBF. For example, one individual received a state salary of $351,438 while also receiving $308,453 from the …
https://www.osc.ny.gov/press/releases/2018/02/dinapoli-many-suny-campus-foundations-operating-without-contracts-or-proper-oversightOpinion 92-46
… CONTRACTS -- Bidding Monetary Threshold (computation of for various items used at youth center) GENERAL MUNICIPAL … youth center need not be aggregated with each other for the purpose of determining whether the competitive … village youth center should be considered in the aggregate for purposes of determining the competitive bidding monetary …
https://www.osc.ny.gov/legal-opinions/opinion-92-46Opinion 92-33
… PARK DISTRICTS -- Powers and Duties (expenditures for promotional services) LOCAL LAWS -- Pre-emption (special … Services (promotional and publicity services); (procedures for obtaining) -- Contracts Not Requiring Bidding (promotional and publicity services); (procedures for obtaining) TOWN LAW, §64(14)(a): A town board by …
https://www.osc.ny.gov/legal-opinions/opinion-92-33Opinion 91-24
… and the manner in which the outside users may be charged for that service. You indicate that, some years ago, a trunk … or village or with one or more corporations or individuals for the joint disposal of sewage, and the expense of such … of a county sewer district, is authorized to contract "... for the collection, conveyance, treatment or disposal of …
https://www.osc.ny.gov/legal-opinions/opinion-91-24Opinion 91-21
… views if, among other things, there have been subsequent court cases or statutory amendments that bear on the issues … or to waive) COUNTY LAW, §§201, 215(3); SURROGATE'S COURT PROCEDURE ACT, §1219: A county chief fiscal officer is … Estate of Mary Ellen Fraad , NYLJ, March 29, 1990, p. 30, col. 5; County Law, §215[3]). Alternatively, the chief …
https://www.osc.ny.gov/legal-opinions/opinion-91-21Opinion 95-8
… These moneys constitute dedicated general fund revenues for use only for purposes of the claiming authority or claiming agent. … services" subaccount of the general fund, and used only for law enforcement purposes in the investigation of penal …
https://www.osc.ny.gov/legal-opinions/opinion-95-8DiNapoli Releases Analysis of State Financial Plan
… the Division of the Budget (DOB) projects fiscal stability for the next five years and includes plans to bolster rainy … actions, including temporary personal income tax (PIT) increases on high earners, creates additional risk. In 2019, … Over the life of the Financial Plan, temporary tax rate increases in PIT and corporate franchise taxes and largely …
https://www.osc.ny.gov/press/releases/2022/07/dinapoli-releases-analysis-state-financial-planDiNapoli: NYC Financial Plan Improved From June
… amid a slowing economic recovery and an increase in demand for city services, according to State Comptroller Thomas P. … revenue collections as well as an increase in demand for services needed to support the local economy and help … by an estimated $1.7 billion in FY 2023 (including retroactive pay) and grow to $4.6 billion in FY 2026, with …
https://www.osc.ny.gov/press/releases/2022/12/dinapoli-nyc-financial-plan-improved-juneXIV.5 Employee Award Programs – XIV. Special Procedures
… Business Unit personnel should be aware of in planning for employee award programs and the requirements of the Office of the State Comptroller (OSC) for approving payment for these types of programs. This section addresses Cash and …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xiv/xiv5-employee-award-programsDiNapoli: Orange County Resident Arrested for Stealing Her Late Mother’s Pension Benefits
… with grand larceny in the second degree (Class C Felony) for allegedly stealing $51,532.64 of her late mother’s … District Attorney Hoovler and the New York State Police for their partnership and sending the message that those who … pension benefits will be caught and will face consequences for their criminal actions.” “The theft of public funds is …
https://www.osc.ny.gov/press/releases/2021/06/dinapoli-orange-county-resident-arrested-stealing-her-late-mothers-pension-benefitsDiNapoli: Financial Plan Outlook Has Improved; State Should Now Commit to Further Increasing Reserves
… It is essential that additional resources are used for critical infrastructure projects to reduce debt issued … billion in the current fiscal year with little planned for subsequent years. However, significant new recurring … established in the budget to support pandemic recovery for New York’s struggling individuals, families and …
https://www.osc.ny.gov/press/releases/2021/06/dinapoli-financial-plan-outlook-has-improved-state-should-now-commit-further-increasing-reserves