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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-capDiNapoli:Two Fortune 500 Retailers Agree to Increased Use of Renewable Energy
New York State Comptroller Thomas P DiNapoli today announced that Fortune 500 retailers Best Buy and Nordstrom have agreed to the New York State Common Retirement Funds Fund request that they increase the use of renewable energy in their operations and supply chain
https://www.osc.ny.gov/press/releases/2016/05/dinapolitwo-fortune-500-retailers-agree-increased-use-renewable-energyPension 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-diversityDiNapoli: 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-budgetsPublic-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-addressedNYS 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-reviewDiNapoli: 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-surplusXI.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-signaturesXII.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-claimsOversight 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-programsV.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-accountingDiNapoli 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-fundNYS 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-auditDiNapoli: Former Morley Fire Company Treasurer Ordered to Pay $50,000 for Theft of Public Funds
… restitution and sentenced to serve five years of probation for stealing from the fire company. Perkins, 58, previously … During the last three years that she was treasurer for the fire company, from 2016 to 2019, investigators found … amounts that had been paid to the fire company. She paid for groceries and other personal expenses with the money. …
https://www.osc.ny.gov/press/releases/2024/01/dinapoli-former-morley-fire-company-treasurer-ordered-pay-50000-theft-public-fundsState Comptroller Thomas P. DiNapoli Statement on Mayor's Executive Budget Update
… supporting upward revisions in spending. The Fiscal Year 2025 budget is now expected to exceed $115 billion, up from … new highlight of budgetary efforts to manage inclement weather and climate change are also welcome additions to its …
https://www.osc.ny.gov/press/releases/2024/04/state-comptroller-thomas-p-dinapoli-statement-mayors-executive-budget-updateDiNapoli: New York City's Budget Outlook Improves
… revenues and planned cost savings benefited New York City’s budget outlook for Fiscal Year (FY) 2025, but … DiNapoli’s analysis of the city’s latest financial plan . “New York City’s finances were boosted by … track. Report Review of the Financial Plan of the City of New York (2024) Related Reports and Analysis Review of the …
https://www.osc.ny.gov/press/releases/2024/02/dinapoli-new-york-citys-budget-outlook-improvesDiNapoli: Housing Cost Burdens for New Yorkers Among Nation's Highest
… costs that consume more than 30% of their household income, with 1 in 5 households experiencing a severe cost burden of more than 50% of their income going to pay for housing, according to a report by … of housing insecurity are wide-ranging and while low-income renters are the most cost-burdened, these financial …
https://www.osc.ny.gov/press/releases/2024/02/dinapoli-housing-cost-burdens-new-yorkers-among-nations-highestDiNapoli: Environmental Facilities Corporation Faces Significant Funding Backlog for Essential Water Infrastructure Projects
… fund programs have financed many vital projects, EFC’s 2024 Intended Use Plan shows a CWSRF backlog of 876 projects … projects are listed in EFC’s Intended Use Plan, and awards are announced, EFC does not report on completed projects and no list is publicly available to track project spending and the …
https://www.osc.ny.gov/press/releases/2024/04/dinapoli-environmental-facilities-corporation-faces-significant-funding-backlog-essential-waterDiNapoli: Local Governments Should Improve Enforcement of State Fire Code Regulations
… code outlines the minimum requirements needed to establish good practices for protecting people and property from the … the fire code and maintain documented evidence of these reviews. The municipalities included in the audit sample were …
https://www.osc.ny.gov/press/releases/2015/05/dinapoli-local-governments-should-improve-enforcement-state-fire-code-regulationsDiNapoli: MTA Avoided A Fiscal Crisis, Now It Has To Convince Riders To Come Back
… annually from an increase in the Payroll Mobility Tax on large New York City employers, the MTA has balanced budgets … rider recovery means $325 million less in annual revenue. NYC Transit has set a target for 70% rider satisfaction by … the system. Capital and Debt It is currently uncertain how large the MTA’s 2025-2029 capital program will be or how it …
https://www.osc.ny.gov/press/releases/2023/10/dinapoli-mta-avoided-fiscal-crisis-now-it-has-convince-riders-come-back