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DiNapoli: 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 … its transit assets (e.g. bridges, tunnels, commuter rail cars, subway cars, signals and stations) to determine their … Funding the capital program has been an ongoing challenge for the MTA. Consequently, transit assets that the MTA had …
https://www.osc.ny.gov/press/releases/2014/07/dinapoli-mta-capital-funding-gap-may-exceed-12-billionDiNapoli: $10 Million Ponzi Scheme Unraveled Following Nassau County District Attorney Investigation
… of the money in January 2017 but received a payment of only $26,699. At that time, the defendant allegedly claimed … case didn't have a lot of money to invest, and they were only hoping for a small return. Instead they lost what little …
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
… foreclosure proceedings. Before they can be sold at public auction and put back on the tax rolls, an environmental …
https://www.osc.ny.gov/press/releases/2018/08/dinapoli-oil-spill-fund-reaches-new-agreements-st-lawrence-countyDiNapoli: State Tax Collections Lagging Last Year by $1.2 Billion
… State tax collections totaled $18.6 billion in the first quarter of the new fiscal year, $1.2 billion less than the same period last year and … or 10.9 percent), but was partially offset by an increase in business tax collections (up $266.6 million or 16.5 … State tax collections totaled $186 billion in the first quarter of the new fiscal year $12 billion less …
https://www.osc.ny.gov/press/releases/2017/07/dinapoli-state-tax-collections-lagging-last-year-12-billionDiNapoli: School District Revenue Growth Slows
… New York’s school districts have faced major fluctuations in their federal and state aid over the last decade and revenue growth was nearly flat … to the financial pressures on local governments and school districts across the state. “School districts are … New Yorks school districts have faced major fluctuations in their …
https://www.osc.ny.gov/press/releases/2014/01/dinapoli-school-district-revenue-growth-slowsDiNapoli: State Contractor Failed to Pay Prevailing Wages
… and payroll vendor records show this worker was paid for only 22 hours at the prevailing wage rate and 12 hours at the …
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
… DiNapoli is also dropping the long-term assumed rate of return on investments from 7 percent to 6.8 percent, … we have kept the state pension fund strong and one of the best funded in the nation. The long-term outlook for … As in years past, we’re taking the responsible action of lowering our assumed rate of return now so we can better …
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 budget are prudent.” The city added a total of 820,400 jobs between 2009 and 2018, the largest and longest job … or to narrow the projected budget gaps. The most immediate risk to the city’s finances is the potential impact of the … of uncertainty in the city’s tax projections. The largest risk to the budget remains the potential for an economic …
https://www.osc.ny.gov/press/releases/2019/03/nyc-budget-balanced-risks-are-growingPension Fund Makes Progress on Board Diversity
… and Governance Committee Charter now states that "on an ongoing basis, the Committee will consider Board … responsibilities." Research shows that the ability to draw on a wide range of viewpoints, backgrounds, skills and … Fund currently has similar proposals requesting reports on efforts to increase board diversity pending at Dentsply …
https://www.osc.ny.gov/press/releases/2017/03/pension-fund-makes-progress-board-diversityState Agencies Bulletin No. 2271
… 3rd, 2025. Form AC3173, approved by OSC, is the only acceptable form that Agencies should submit. Agencies …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2271-procedures-reporting-taxable-value-personal-use-employer-providedDiNapoli: Coney Island and Brighton Beach Jobs Doubled Over Last Decade
… economic snapshot highlighted that these are not only famed tourist destinations, but hubs of job growth and … economic snapshot highlighted that these are not only famed tourist destinations, but hubs of job growth and …
https://www.osc.ny.gov/press/releases/2024/09/dinapoli-coney-island-and-brighton-beach-jobs-doubled-over-last-decadeHousing Trust Fund Corporation – Oversight of the Rural Rental Assistance Program
… through June 2024. About the Program HTFC, a component of Homes and Community Renewal, administers RRAP in … and subsidy amounts. USDA is required to provide the results of its supervisory reviews to HTFC. USDA is also … clarify language in the MOU to reflect current practices, including but not limited to, providing HTFC with the results …
https://www.osc.ny.gov/state-agencies/audits/2024/12/20/housing-trust-fund-corporation-oversight-rural-rental-assistance-programDiNapoli: More School Districts Take Initial Steps to Exceed Tax Cap
The percentage of school districts initially planning to override New Yorks property tax cap in 201617 has nearly doubled when compared to last year but still remains relatively small according to preliminary data filed with the office of State Comptroller Thomas P DiNapoli
https://www.osc.ny.gov/press/releases/2016/03/dinapoli-more-school-districts-take-initial-steps-exceed-tax-capDiNapoli: State Tax Receipts Tracking Close to Projections Through First Half of the Year
… the first six months of State Fiscal Year (SFY) 2024-25, $682.1 million higher than the state Division of the … totaled $28.9 billion and were $646.8 million above DOB’s financial plan projections and $2.9 billion higher than the … 2.4% or $265.3 million higher than the same period last year and $33.6 million higher than DOB estimated. Sales …
https://www.osc.ny.gov/press/releases/2024/10/dinapoli-state-tax-receipts-tracking-close-projections-through-first-half-yearDiNapoli: Improved Planning Needed for New York To Achieve Its Clean Energy Goals
… from 2005 to 2023. Of the remaining 202 projects, only 30% were completed, and on average it takes 5 years for …
https://www.osc.ny.gov/press/releases/2024/07/dinapoli-improved-planning-needed-new-york-achieve-its-clean-energy-goalsPhysical and Financial Conditions at Selected Mitchell-Lama Developments
… names. As salaries were listed with the employees’ titles only, we had no assurance as to whom salaries were paid. …
https://www.osc.ny.gov/state-agencies/audits/2024/09/30/physical-and-financial-conditions-selected-mitchell-lama-developmentsMontrose Fire District – Claims Auditing (2025M-53)
… (Board) properly audit claims? Audit Period January 1, 2023 – August 31, 2024 Understanding the Audit Area The … for a proper fire district purpose. Purchases made using credit cards are also subject to claims audit and approval. … included purchases totaling $32,896 made with District credit cards. Audit Summary We reviewed 166 claims totaling …
https://www.osc.ny.gov/local-government/audits/fire-district/2025/10/17/montrose-fire-district-claims-auditing-2025m-53DiNapoli: Former Durhamville Fire Department Treasurer Sentenced to Prison for Theft of Over $92K
… the former treasurer of the Durhamville Fire Department, Kimberly Simchik was sentenced to serve 1-3 years in state … the former treasurer of the Durhamville Fire Department Kimberly Simchik was sentenced to serve 13 years in state …
https://www.osc.ny.gov/press/releases/2025/11/dinapoli-former-durhamville-fire-department-treasurer-sentenced-prison-theft-over-92kOpinion 91-24
… subsequent court cases or statutory amendments that bear on the issues discussed in the opinion. SEWERS AND SEWER … §§198(1)(f), 202(5), 209; VILLAGE LAW, §14-1436: A town, on behalf of a town sewer district, may contract with a … in constructing the trunk line. You ask whether the town, on behalf of the town district, and the county, on behalf of …
https://www.osc.ny.gov/legal-opinions/opinion-91-24Opinion 91-21
… This opinion represents the views of the Office of the State Comptroller at the time it was rendered. The … Whether the chief fiscal officer of a county who serves as administrator of an estate pursuant to section 1219 of the Surrogates Court Procedure Act SCPA may retain the …
https://www.osc.ny.gov/legal-opinions/opinion-91-21