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DiNapoli: Oil Spill Fund Reaches New Agreements With St. Lawrence County
… County that will lead to the clean-up and redevelopment of contaminated commercial property in the villages of DeKalb … "By working hand-in-hand with local government officials, my office can help turn contaminated property and abandoned … (OAG), pays for the cleanup of petroleum contamination when the parties responsible either cannot be identified or …
https://www.osc.ny.gov/press/releases/2018/08/dinapoli-oil-spill-fund-reaches-new-agreements-st-lawrence-countyDiNapoli: 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 … debt capacity, according to a report issued today by New York State Comptroller Thomas P. DiNapoli. "Taxpayers … in good repair. Now, more than three-quarters of this money is siphoned off to pay for borrowing and operating …
https://www.osc.ny.gov/press/releases/2014/02/dinapoli-funds-dedicated-highway-bridge-capital-projects-continue-be-diverted-operating-and-debtDiNapoli: NYC Finances Strong But Slowing Economy Presents Risks
… DiNapoli said. “Still, there are reasons to be concerned about the economy given current developments. To their … the city’s costs by $985 million in FY 2017 and by about $1.2 billion in each subsequent year (a total of $4.8 … DiNapoli’s report notes several factors leading to concern about the economy: Economic growth in China has slowed, …
https://www.osc.ny.gov/press/releases/2016/02/dinapoli-nyc-finances-strong-slowing-economy-presents-risksState Pension Employer Contribution Rates Announced for 2020-21, Assumed Rate of Return Lowered
… Retirement System (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 increase in rates for the Police and Fire Retirement System (PFRS). DiNapoli is …
https://www.osc.ny.gov/press/releases/2019/08/state-pension-employer-contribution-rates-announced-2020-21-assumed-rate-return-loweredDiNapoli: Many SUNY Campus Foundations Operating Without Contracts or Proper Oversight
… are required to have with their campuses while overseeing and managing billions in donations and resources, according to a report released … the gap created by guidelines instituted in 2016, without success. DiNapoli's auditors noted that SUNY administration …
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
… (GSAM) to invest in a diverse group of global equity strategies viewed as having strong potential to enhance the … Management to invest in a diverse group of global equity strategies viewed as having strong potential to enhance the …
https://www.osc.ny.gov/press/releases/2014/09/dinapoli-announces-2b-strategic-partnership-goldman-sachs-asset-management-global-equity-investmentsDiNapoli: State Tax Collections Lagging Last Year by $1.2 Billion
… State tax collections totaled $18.6 billion in the first quarter of … months into New York's fiscal year and personal income tax collections are falling short of what was expected," … DiNapoli said. "Taxpayer anticipation of federal tax changes has contributed to the decline. Offsetting that, …
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 … property taxes.” From 2007-08 to 2012-13, total school district revenues grew by an average of 2.4 percent annually. … to schools in 2011-12 was $8 billion lower than what had been projected by the state in 2008-09. DiNapoli’s …
https://www.osc.ny.gov/press/releases/2014/01/dinapoli-school-district-revenue-growth-slowsDiNapoli: State Contractor Failed to Pay Prevailing Wages
… A state Office of Mental Health (OMH) contractor hired to provide janitorial services failed to pay its workers prevailing wage rates and tried to hide its non-compliance with state law by misrepresenting …
https://www.osc.ny.gov/press/releases/2014/10/dinapoli-state-contractor-failed-pay-prevailing-wagesNYC Budget Is Balanced but Risks Are Growing
… The New York City Mayor’s preliminary executive budget for FY … vulnerable than in recent years and a setback could make closing the out-year budget gaps more difficult. There is …
https://www.osc.ny.gov/press/releases/2019/03/nyc-budget-balanced-risks-are-growingDiNapoli: Former Morley Fire Company Treasurer Ordered to Pay $50,000 for Theft of Public Funds
… State Comptroller Thomas P. DiNapoli today announced that the former treasurer of the Morley Volunteer Fire Co., Cindi Perkins, was yesterday … Perkins was sentenced in St. Lawrence County Court by Judge Gregory P. Storie. Since taking office in 2007, …
https://www.osc.ny.gov/press/releases/2024/01/dinapoli-former-morley-fire-company-treasurer-ordered-pay-50000-theft-public-fundsDiNapoli: New State Funds Open Door for MTA to Ease Debt, Build Stronger Future Budgets
… the Metropolitan Transportation Authority an opportunity to ease the pressure that growing debt places on its … stronger finances down the road will depend in part on how the MTA chooses to manage debt in the coming years. “The … state actions, DiNapoli’s office projects the burden will be at about 16% through at least 2026, which is on par with …
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
… for that? Public-private partnerships are a good option to look at, but those partnerships don’t come risk-free. It … report on long-term capital planning, visit here . … As NYS grapples with costeffective solutions for its estimated …
https://www.osc.ny.gov/press/releases/2011/01/public-private-partnerships-potentially-good-option-financial-risks-taxpayers-must-be-addressedState Agencies Bulletin No. 2059
… of the agency, who attests that the valuation is, to the best of their knowledge, true and compliant with IRS …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2059-procedures-reporting-taxable-value-personal-use-employer-providedOpinion 92-46
… The purchase of kitchen utensils, furniture, books and sports equipment to be used at a village youth center need … or by local law adopted prior to September 1, 1953, all purchase contracts involving an expenditure of more than $10,000, and all contracts for public work involving an expenditure of …
https://www.osc.ny.gov/legal-opinions/opinion-92-46Former Head of Niagara Falls Housing Authority Pleads Guilty to Stealing Government Funds; Son and Daughter-in-Law Also Convicted
… today that Stephanie W. Cowart, 58, of Grand Island, NY, pleaded guilty to theft concerning programs receiving federal funds before … Allen, 31, and Fredia, 28, both of Niagara Falls, NY, pleaded guilty to a misdemeanor charge of theft of …
https://www.osc.ny.gov/press/releases/2017/12/former-head-niagara-falls-housing-authority-pleads-guilty-stealing-government-funds-son-and-daughterOpinion 92-33
… with chamber of commerce) PARK DISTRICTS -- Powers and Duties (expenditures for promotional services) LOCAL LAWS … services. LAWS OF 1928, CHAPTER 477, AS AMENDED; MUNICIPAL HOME RULE LAW, §10(1)(ii)(d)(3): A town on behalf of the park … alia , "its property, affairs or government" (Municipal Home Rule Law, §10[1][i]). In this instance, the park …
https://www.osc.ny.gov/legal-opinions/opinion-92-33DiNapoli: LIRR On-Time Performance Falls Short
… In 2016, the Long Island Rail Road (LIRR), the largest commuter railroad in the nation, did not meet on-time performance goals and had … million riders and cost more than an estimated $60 million in lost productivity. "Commuters count on the Long Island …
https://www.osc.ny.gov/press/releases/2017/04/dinapoli-lirr-time-performance-falls-shortDiNapoli Releases Analysis of State Financial Plan
… After two years of extraordinary volatility in state finances, the State Fiscal Year (SFY) 2022-23 … on or ahead of schedule may help prevent disruptions in critical programs and services.” Financial Plan Overview The DOB Financial Plan projects disbursements in SFY 2022-23 of $222.2 billion from All Funds, including …
https://www.osc.ny.gov/press/releases/2022/07/dinapoli-releases-analysis-state-financial-planXIV.5 Employee Award Programs – XIV. Special Procedures
… from qualified award programs exceeds the $1,600 limit by $100. Guide to Financial Operations REV. 10/27/2015 … The …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xiv/xiv5-employee-award-programs