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DiNapoli: State Tax Collections Lagging Last Year by $1.2 Billion
… personal income tax collections are falling short of what was expected," DiNapoli said. "Taxpayer anticipation of … million or 1.8 percent from a year earlier. The drop was primarily due to the personal income tax (down $1.5 … receipts (down $640.8 million or 10.9 percent), but was partially offset by an increase in business tax …
https://www.osc.ny.gov/press/releases/2017/07/dinapoli-state-tax-collections-lagging-last-year-12-billionDiNapoli: School District Revenue Growth Slows
… and state aid over the last decade and revenue growth was nearly flat the last three years, averaging only 1.3 … the impact of the state’s reduction in school aid when it was dealing with its deficit problems. New York’s schools … The total amount of aid appropriated to schools in 2011-12 was $8 billion lower than what had been projected by the …
https://www.osc.ny.gov/press/releases/2014/01/dinapoli-school-district-revenue-growth-slowsDiNapoli: MTA Capital Funding Gap May Exceed $12 Billion
… progress in repairing and modernizing the regional transit system, but a great deal of work remains and financing these … DiNapoli. “Millions of New Yorkers rely on the MTA transit system and while it is in far better condition than it was 30 … since 1982, the MTA has not restored the entire transit system to a state of good repair because it has not received …
https://www.osc.ny.gov/press/releases/2014/07/dinapoli-mta-capital-funding-gap-may-exceed-12-billionOpinion 92-46
… CONTRACTS -- Bidding Monetary Threshold (computation of for various items used at youth center) GENERAL MUNICIPAL … The purchase of kitchen utensils, furniture, books and sports equipment to be used at a village youth center need … by a village of kitchen utensils, furniture, books and sports equipment to be used at a village youth center should …
https://www.osc.ny.gov/legal-opinions/opinion-92-46Opinion 92-33
… (expenditures to fund contract with chamber of commerce) PARK DISTRICTS -- Powers and Duties (expenditures for promotional services) LOCAL LAWS … PUBLIC CONTRACTS -- Professional Services (promotional and publicity services); (procedures for obtaining) -- … in excess of $10000 for publicity promotional and other related services to be rendered by a chamber of …
https://www.osc.ny.gov/legal-opinions/opinion-92-33Opinion 95-8
… These moneys constitute dedicated general fund revenues for use only for purposes of the claiming authority or … Finally, you ask for clarification of the phrase " ... all costs and disbursements taxable under the provisions of … of the general fund of the state where the claiming agent is an agency of the state or the political subdivision or …
https://www.osc.ny.gov/legal-opinions/opinion-95-8NYC Budget Is Balanced but Risks Are Growing
… budget cuts and slower economic growth, according to a report released today by New York State Comptroller Thomas P. … the MTA has large unfunded capital needs. Read the report , or go to: https://osc.state.ny.us/osdc/report-10-2019.pdf Find out how your government money is …
https://www.osc.ny.gov/press/releases/2019/03/nyc-budget-balanced-risks-are-growingDiNapoli: NYC Finances Strong But Slowing Economy Presents Risks
… with record numbers of tourists and a robust real estate market, has pushed tax collections to record levels and … City set a record in 2014 with the addition of 120,000 jobs. In 2015, the city added more than 100,000 jobs, the … in January 2016; Oil prices have fallen to the lowest level in more than a decade, providing relief to consumers …
https://www.osc.ny.gov/press/releases/2016/02/dinapoli-nyc-finances-strong-slowing-economy-presents-risksDiNapoli: $10 Million Ponzi Scheme Unraveled Following Nassau County District Attorney Investigation
… of Investigation and the United States Postal Inspection Service for their continued partnership and diligence in … (a C felony) Scheme to Defraud in the First Degree (an E felony) Two counts of Conspiracy in the Fourth Degree (an E … in an elaborate Ponzi scheme that included a bogus online portal showing fabricated investment growth," DA Singas said. …
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
… and Massena. The seven properties that are part of the latest agreement are tax-delinquent parcels that are being …
https://www.osc.ny.gov/press/releases/2018/08/dinapoli-oil-spill-fund-reaches-new-agreements-st-lawrence-countyFormer Head of Niagara Falls Housing Authority Pleads Guilty to Stealing Government Funds; Son and Daughter-in-Law Also Convicted
… Kennedy, Jr. announced today that Stephanie W. Cowart, 58, of Grand Island, NY, pleaded guilty to theft concerning … Richard J. Arcara. The charge carries a maximum penalty of 10 years in prison and a $250,000 fine. In addition, … son and daughter-in-law, Allen, 31, and Fredia, 28, both of Niagara Falls, NY, pleaded guilty to a misdemeanor charge …
https://www.osc.ny.gov/press/releases/2017/12/former-head-niagara-falls-housing-authority-pleads-guilty-stealing-government-funds-son-and-daughterDiNapoli: LIRR On-Time Performance Falls Short
… performance improved in 2016 to reach 92.7 percent, it was still below the 94 percent target set by the LIRR. The … the time; The 6:05 p.m. train from Penn Station to Wantagh was the most frequently canceled train during the past three years. In 2016, this train was canceled 10.6 percent of the time, 21 times more often …
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
… be protected by school districts,” said DiNapoli. “Each of the districts identified in this audit should take the … I have directed my audit division to expand the scope of this audit and begin examining school districts from every … 50,000 state contracts, visit http://www.openbooknewyork.com/ . The easy-to-use website was created by Comptroller …
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
… 30 State University of New York (SUNY) campus foundations were operating without the contracts they are required to … funds. DiNapoli's auditors found 10 of the 30 foundations were operating without contracts with campuses, including the … included provisions to ensure the compensation they were funding was justified or benefited the campus. Auditors …
https://www.osc.ny.gov/press/releases/2018/02/dinapoli-many-suny-campus-foundations-operating-without-contracts-or-proper-oversightDiNapoli Announces $2B Strategic Partnership With Goldman Sachs Asset Management For Global Equity Investments
… in its Alternative Investments & Manager Selection (AIMS) Group will augment the CRF Global Equity Team, which …
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
… the Dedicated Highway and Bridge Trust Fund continues to be diverted for non-capital purposes, leaving critical … expenses. PAYGO is an alternative to debt, which must be repaid over time with interest. PAYGO levels have declined … the Dedicated Highway and Bridge Trust Fund continues to be diverted for noncapital purposes leaving critical highway …
https://www.osc.ny.gov/press/releases/2014/02/dinapoli-funds-dedicated-highway-bridge-capital-projects-continue-be-diverted-operating-and-debtOpinion 91-24
… subsequent court cases or statutory amendments that bear on the issues discussed in the opinion. SEWERS AND SEWER SYSTEMS -- Contracts (to provide service outside town district) SEWER DISTRICTS -- Contracts (between town and … of sewage ... with any public corporation or any county or town on behalf of any improvement district and also with any …
https://www.osc.ny.gov/legal-opinions/opinion-91-24Opinion 91-21
… (administrator of estates - county chief fiscal officer's right to fees and commissions); (fees and commissions - right of county chief fiscal officer to remit to county, or … commissions shall be in addition to the salary and fees now allowed by law to such chief fiscal officer". This Office …
https://www.osc.ny.gov/legal-opinions/opinion-91-21DiNapoli: NYC Financial Plan Improved From June
… 2023. The city now anticipates setting aside a surplus of $705 million this year to use for prepayments of liabilities …
https://www.osc.ny.gov/press/releases/2022/12/dinapoli-nyc-financial-plan-improved-juneDiNapoli: Former Morley Fire Company Treasurer Ordered to Pay $50,000 for Theft of Public Funds
… Fire Co., Cindi Perkins, was yesterday ordered to pay $50,000 in restitution and sentenced to serve five years … Volunteer Fire Co Cindi Perkins was yesterday ordered to pay $50000 in restitution and sentenced to serve five years …
https://www.osc.ny.gov/press/releases/2024/01/dinapoli-former-morley-fire-company-treasurer-ordered-pay-50000-theft-public-funds