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DiNapoli: More School Districts Take Initial Steps to Exceed Tax Cap

… indicated plans to override the tax cap. Property tax levy growth for school districts is capped at 0.12 percent above … districts) will have about $308 million less in levy growth compared to what they had in 2015-16 when the allowable growth factor was 1.62 percent. For access to state and local …

https://www.osc.ny.gov/press/releases/2016/03/dinapoli-more-school-districts-take-initial-steps-exceed-tax-cap

Pension Fund Makes Progress on Board Diversity

… Retirement Fund (Fund) has reached agreement with GoPro Inc. to formally include sexual orientation and gender … As of Feb. 28, the Fund held 104,500 shares of GoPro Inc. worth $982,300. The Fund currently has similar proposals … to increase board diversity pending at Dentsply Sirona Inc. and FleetCor Technologies Inc. and has filed similar …

https://www.osc.ny.gov/press/releases/2017/03/pension-fund-makes-progress-board-diversity

DiNapoli: New State Funds Open Door for MTA to Ease Debt, Build Stronger Future Budgets

… New sources of recurring revenue in the state’s final budget and other aid, including expected revenue from congestion pricing, give the Metropolitan Transportation Authority an … New sources of recurring revenue in the states final budget and other aid including expected …

https://www.osc.ny.gov/press/releases/2023/05/dinapoli-new-state-funds-open-door-mta-ease-debt-build-stronger-future-budgets

Public-Private Partnerships Potentially a "Good Option" but Financial Risks for Taxpayers Must Be Addressed

… grapples with cost-effective solutions for its estimated $250 billion in infrastructure needs over the next 20 years, … “Our public infrastructure needs a lot of improvements - $250 billion in improvements over the next 20 years,” DiNapoli … grapples with costeffective solutions for its estimated $250 billion in infrastructure needs over the next 20 years …

https://www.osc.ny.gov/press/releases/2011/01/public-private-partnerships-potentially-good-option-financial-risks-taxpayers-must-be-addressed

DiNapoli Releases Analysis of State Financial Plan

… State Fiscal Year (SFY) 2022-23 Enacted Budget Financial Plan from the Division of the Budget (DOB) projects fiscal … and sustainability risks that could disrupt the Financial Plan that should be monitored closely. “Amidst tremendous … not be lost,” DiNapoli said. “While the state Financial Plan expects revenue growth to continue, economic risks are …

https://www.osc.ny.gov/press/releases/2022/07/dinapoli-releases-analysis-state-financial-plan

XIV.5 Employee Award Programs – XIV. Special Procedures

… of programs. This section addresses Cash and Non-Cash awards associated with all merit award programs including longevity awards, performance awards, recognition awards and achievement awards. In …

https://www.osc.ny.gov/state-agencies/gfo/chapter-xiv/xiv5-employee-award-programs

DiNapoli: Federal Aid, Increasing Tax Revenues and Savings Boost New York City's Surplus

… from the prior year, an increase of $848 million from the November plan projection, with an anticipated increase in … than expected. Budget gaps during FY 2024 through FY 2026 will average about $2.7 billion, an amount that has … growth is expected to average 2.4% from FY 2024 to FY 2026, but an unexpected decline would require at least a …

https://www.osc.ny.gov/press/releases/2022/03/dinapoli-federal-aid-increasing-tax-revenues-and-savings-boost-new-york-citys-surplus

XI.2.K Authorized Signatures – XI. Procurement and Contract Management

… to the comptroller for audit, shall be made by the head of the department, or by such authority or authorities … in the department as shall be designated by the head of the department by a rule or written directive filed … for the agency’s contractors. The department head of an administrative agency is the Commissioner; for a …

https://www.osc.ny.gov/state-agencies/gfo/chapter-xi/xi2k-authorized-signatures

XII.3 Record Retention – Accounts Payable Vouchers and Land Claims – XII. Expenditures

… section is to provide guidance to agencies about record retention requirements to ensure documentation supporting … payments, and (iii) comply with relevant records retention requirements. For more information regarding the … section is to provide guidance to agencies about record retention requirements to ensure documentation supporting …

https://www.osc.ny.gov/state-agencies/gfo/chapter-xii/xii3-record-retention-accounts-payable-vouchers-and-land-claims

Oversight of New York State Forest Tax Programs

To determine if the Department of Environmental Conservation is adequately monitoring the 480480a private forest programs to ensure forest land is appropriately enrolled and landowners are adhering to requirements to assist in the protection of the environmental benefits of the States forest

https://www.osc.ny.gov/state-agencies/audits/2022/04/20/oversight-new-york-state-forest-tax-programs

NYS Comptroller DiNapoli Prohibits New Russian Investments and Directs Investment Review

… unlawful invasion of Ukraine has led to unprecedented sanctions against Russian companies and individuals,” DiNapoli said. “While American sanctions already prohibit investments in many Russian … Putin’s unhinged, tyrannical foreign policy, leading to sanctions that have significantly hobbled Russia’s already …

https://www.osc.ny.gov/press/releases/2022/03/nys-comptroller-dinapoli-prohibits-new-russian-investments-and-directs-investment-review

DiNapoli: Orange County Resident Arrested for Stealing Her Late Mother’s Pension Benefits

… Thomas P. DiNapoli, Orange County District Attorney David M. Hoovler, and the New York State Police today … protecting public funds,” Orange County District Attorney David Hoovler said. Betty James died on April 11, 2017, but … Comptroller DiNapoli Orange County District Attorney David M Hoovler and New York State Police announced that …

https://www.osc.ny.gov/press/releases/2021/06/dinapoli-orange-county-resident-arrested-stealing-her-late-mothers-pension-benefits

DiNapoli: Financial Plan Outlook Has Improved; State Should Now Commit to Further Increasing Reserves

… bolster reserve funds beyond planned levels to help us to weather the next crisis or recession.” Financial Plan … only $825 million in total deposits to the rainy day fund reserves are planned in SFY 2021-22, bringing total … is statutorily authorized. If collections remain above forecast and are not needed to cover unanticipated expenses, …

https://www.osc.ny.gov/press/releases/2021/06/dinapoli-financial-plan-outlook-has-improved-state-should-now-commit-further-increasing-reserves

Compliance With Executive Order 95 (Open Data)

… of the order have not been fully addressed. DEC was not in compliance with EO 95’s requirements regarding the …

https://www.osc.ny.gov/state-agencies/audits/2021/05/27/compliance-executive-order-95-open-data

Ordinary Death Benefit

… the age at which the ordinary death benefit commences to be reduced while a member of the New York State and Local … York State Teachers' Retirement System (TRS) is in service to the full retirement age. Memo Bill Text Status … the age at which the ordinary death benefit commences to be reduced while a member of the New York State and Local …

https://www.osc.ny.gov/legislation/ordinary-death-benefit

NYS Comptroller DiNapoli: SEC Upholds Shareholders' Right to Seek Racial Equity Audit

… New York State Comptroller Thomas P. DiNapoli made the following statement today in response to the U.S. Securities and Exchange Commission Staff's … it was unable to agree with Amazon Inc.’s request to keep the New York State Common Retirement Fund’s shareholder …

https://www.osc.ny.gov/press/releases/2021/04/nys-comptroller-dinapoli-sec-upholds-shareholders-right-seek-racial-equity-audit

DiNapoli Releases Upper Manhattan Economic Snapshot

… as State Comptroller DiNapoli’s report highlights, so many young people are making Northern Manhattan their home … States. While immigrants have come from more than 55 countries, two thirds of the immigrants in this area are from … those providing health care and business services. Healthcare, the area’s largest employment sector, accounts …

https://www.osc.ny.gov/press/releases/2015/06/dinapoli-releases-upper-manhattan-economic-snapshot

DiNapoli Releases State Cash Report

Tax revenues of $39 billion in May were stronger than projected with collections for the fiscal year now $1423 million higher than projections from the Enacted Budget according to the monthly state cash report issued today by New York State Comptroller Thomas P DiNapoli

https://www.osc.ny.gov/press/releases/2015/06/dinapoli-releases-state-cash-report

V.3.C Funds and Fund Accounting – V. Chart of Accounts (COA) Governance

… for recording cash and other financial resources, which are segregated for the purpose of carrying on specific … have been assigned to Funds to establish which Funds are classified as STIP eligible, what Business Unit is the … after logging in with your SFS user ID and password. There are two Statewide Fund Reporting Trees on the SFS Program …

https://www.osc.ny.gov/state-agencies/gfo/chapter-v/v3c-funds-and-fund-accounting

DiNapoli Urges NYC to Shore Up Rainy-Day Fund

… the city’s reserve policies are not as robust as other large U.S. cities, and with recent changes in state and local … to about 8% of expenditures. The review found that other large cities typically: Publish a statement of the reserve …

https://www.osc.ny.gov/press/releases/2021/11/dinapoli-urges-nyc-shore-rainy-day-fund