Search
DiNapoli: State Tax Collections Lagging Last Year by $1.2 Billion
… three months into New York's fiscal year and personal income tax collections are falling short of what was expected," DiNapoli said. "Taxpayer anticipation of …
https://www.osc.ny.gov/press/releases/2017/07/dinapoli-state-tax-collections-lagging-last-year-12-billionDiNapoli: School District Revenue Growth Slows
… are caught in a financial bind and are struggling for a way out,” said DiNapoli. “State and federal aid have … these revenues increased by nearly 7 percent per year. For the 2012-13 school year, school district revenues in the … totaled $60.1 billion. Of that total, state aid accounted for 34 percent ($20 billion), federal aid 5 percent ($3 …
https://www.osc.ny.gov/press/releases/2014/01/dinapoli-school-district-revenue-growth-slowsDiNapoli: State Contractor Failed to Pay Prevailing Wages
… hide its non-compliance with state law by misrepresenting hours worked and rates paid in certified payrolls it … found the contractor was also paying employees for fewer hours than they actually worked and told employees to submit … believe that employees may have been paid for fewer hours than they actually worked January 20, to March 14 this …
https://www.osc.ny.gov/press/releases/2014/10/dinapoli-state-contractor-failed-pay-prevailing-wagesState Pension Employer Contribution Rates Announced for 2020-21, Assumed Rate of Return Lowered
… (NYSLRS) employer contribution rates for State Fiscal Year 2020-21 will remain the same as the previous year for the Employees’ Retirement System (ERS) with a small … System NYSLRS employer contribution rates for State Fiscal Year 202021 will remain the same as the previous year for the …
https://www.osc.ny.gov/press/releases/2019/08/state-pension-employer-contribution-rates-announced-2020-21-assumed-rate-return-loweredNYC Budget Is Balanced but Risks Are Growing
… The New York City Mayor’s preliminary executive budget for FY 2020 is balanced, but there are risks, including proposed drops in … City’s coffers,” DiNapoli said. “Still, there are risks on the horizon, and Mayor de Blasio’s efforts to find additional … The New York City Mayors preliminary executive budget for FY …
https://www.osc.ny.gov/press/releases/2019/03/nyc-budget-balanced-risks-are-growingDiNapoli: NYC Finances Strong But Slowing Economy Presents Risks
… leading to concern about the economy: Economic growth in China has slowed, affecting economies around the globe and …
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 … recommended by the MTA in its needs assessment. The MTA's latest assessment found that it will need to invest $105.7 …
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
… P. DiNapoli today announced that the New York State Common Retirement Fund (CRF or the Fund) has created a $2 billion strategic partnership with Goldman Sachs Asset Management (GSAM) to invest in a diverse … innovative partnership gives the New York State Common Retirement Fund full access to world class global equity …
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
… Money in the Dedicated Highway and Bridge Trust Fund continues to be diverted for non-capital purposes, leaving critical highway and bridge projects at increased risk as the state faces fiscal … Money in the Dedicated Highway and Bridge Trust Fund continues to be diverted for noncapital …
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
… U.S. Attorney James P. Kennedy, Jr. announced today that Stephanie W. Cowart, 58, of Grand Island, NY, pleaded … Russell T. Ippolito, who is handling the case, stated that between 1997 and July 21, 2016, Stephanie Cowart served … Niagara Falls Housing Authority (NFHA), an organization that has received federal funding. Between October 2013 and …
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
Comptroller DiNapoli and Nassau County District Attorney Singas announced the arrest of a financial advisor from Pennsylvania and the rearrest of his alleged collaborator a financial advisor from Syosset for allegedly scamming at least 40 people out of more than $10 million in a Ponzi scheme
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
… DiNapoli today announced an agreement between the New York Environmental Protection and Spill Compensation Fund (Oil … sold at public auction and put back on the tax rolls, an environmental remediation must occur. "By working … development efforts in places like Massena and DeKalb. The environmental and financial benefits of these agreements …
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
… canceled or terminated, according to a report released today by New York State Comptroller Thomas P. DiNapoli. LIRR … late canceled or terminated according to a report released today by New York State Comptroller Thomas P DiNapoli …
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
… York school districts had inappropriate computer access to sensitive student data and were able to change student grades and attendance records without … York school districts had inappropriate computer access to sensitive student data and were able to change 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
… were operating without the contracts they are required to have with their campuses while overseeing and managing … Thomas P. DiNapoli. More than half of the foundations have not been audited by SUNY in at least 10 years. "We found … foundation assets. Auditors also determined 16 foundations have not been audited by the SUNY administration since at …
https://www.osc.ny.gov/press/releases/2018/02/dinapoli-many-suny-campus-foundations-operating-without-contracts-or-proper-oversightOpinion 92-46
… This opinion represents the views of the Office of the State Comptroller at the time … youth center) GENERAL MUNICIPAL LAW, §103: The purchase of kitchen utensils, furniture, books and sports equipment to be … be exceeded. You ask whether purchases by a village of kitchen utensils, furniture, books and sports equipment to be …
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
… and render such commission payable to the estate" ( in re Hammersdorf's Will , 125 NYS2d 276, at 277, n.o.r.; see also, in re Fewer's Estate , 177 Misc 788, 31 NYS2d 810; Matter of …
https://www.osc.ny.gov/legal-opinions/opinion-91-21Opinion 95-8
Whether moneys realized through forfeiture and paid are distributable to and held in the custody of the district attorney as the claiming authority and police department as the claiming agent or whether the funds are to be treated as a county general fund revenue
https://www.osc.ny.gov/legal-opinions/opinion-95-8