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DiNapoli: More School Districts Take Initial Steps to Exceed Tax Cap
… plans to override the tax cap. Property tax levy growth for school districts is capped at 0.12 percent above current levels for the 2016-17 fiscal year. “School districts are feeling … see additional districts deciding to seek voter approval for an override.” The tax cap, which first applied to 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
… request that they increase the use of renewable energy in their operations and supply chain. “More Fortune 500 … competitively priced and will provide them with options in times of volatile fossil fuel prices. This commitment to … Retirement Fund is the third largest public pension fund in the United States, with estimated assets of $178.3 billion …
https://www.osc.ny.gov/press/releases/2016/05/dinapolitwo-fortune-500-retailers-agree-increased-use-renewable-energyPension Fund Makes Progress on Board Diversity
… New York State Comptroller Thomas P. DiNapoli today announced that the New York State Common Retirement Fund (Fund) has reached …
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
… operations and stabilize its future finances, according to a report released today by State Comptroller Thomas P. … finances down the road will depend in part on how the MTA chooses to manage debt in the coming years. “The MTA … transit system.” The state’s increase in the payroll mobility tax will provide the MTA with $1.1 billion annually. …
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
… As New York state grapples with cost-effective solutions for its estimated $250 billion in infrastructure needs over … over the next 20 years,” DiNapoli said. “The big question is, how are we going to pay for that? Public-private partnerships are a good option to look at, but those partnerships don’t come …
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
… New York State Comptroller Thomas P. DiNapoli has directed staff to … further restrictions or divestment. He is also reaching out to the Fund’s investment managers to urge them to conduct … assets of the New York State and Local Retirement System on behalf of more than one million state and local government …
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
… previously raised. Still, more can be done to prepare for unforeseen risks and to manage challenges as increased … plan. The restart of the PEG, fueled by reducing vacancies for aggressive hiring targets, is projected to create $866 … year. The updated financial plan balances the budget for FY 2023 as the city moves closer to economic and …
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
… services, maintenance and operation, for submission to the comptroller for audit, shall be made by the head of … to verify authorized signatures on contracts, amendments, change orders, purchase authorizations, and vendor … signatures on file with OSC’s BOC are accurate and up-to-date, and that the correct forms are used. Incorrect, …
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 Overview and Policies: The purpose of this section is to provide … documentation supporting payments for Accounts Payable and Land Claims processed in the Statewide Financial System … applicable) Contractual agreements for salary rates and/or benefits payable Personal activity reports or certifications …
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
… a tax break, they must submit an annual commitment form recommitting their land for the next succeeding 10 …
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
… by business unit. Where transactions entered by users do not balance by Fund, system-generated entries will be … five numeric characters in length. ChartField attributes have been assigned to Funds to establish which Funds are …
https://www.osc.ny.gov/state-agencies/gfo/chapter-v/v3c-funds-and-fund-accountingDiNapoli Urges NYC to Shore Up Rainy-Day Fund
… In a report released today , New York State Comptroller Thomas P. DiNapoli urged New York City officials to better prepare for financial downturns by evaluating the … unrestricted reserves over time. Cities including San Antonio, Dallas and San Jose report unrestricted fund …
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
… Staff's determination that it was unable to agree with Amazon Inc.’s request to keep the New York State Common … about racial inequity in corporate America. Companies like Amazon need to show they are doing more than just talking the …
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
New York State Comptroller Thomas P DiNapoli today announced that the former treasurer of the Morley Volunteer Fire Co Cindi Perkins was yesterday ordered to pay $50000 in restitution and sentenced to serve five years of probation for stealing from the fire company
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
… than expected tax revenue, supporting upward revisions in spending. The Fiscal Year 2025 budget is now expected to … a number of other budgetary risks my office has raised in the past remain in the financial plan and the city continues to charge water …
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 funding …
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
Almost three million New York households are dealing with housing 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
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
… in local projects remain in the pipeline, according to a report by State Comptroller Thomas P. DiNapoli. “The … serves a critical role in financing improvements to New York’s water infrastructure,” DiNapoli said. “New York … should investigate why some spending has lagged and assess how to encourage more communities to apply for project …
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
… of municipalities from across New York reveals gaps in the review of fire safety plans or evacuation procedures … reviewed enforcement of the state’s Uniform Fire Code in seven cities and three villages. “Local officials must do … the hazards of fire, explosion and dangerous conditions in new and existing buildings. It also provides for safety to …
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
… In a turnaround from the fiscal crisis it faced a year ago, the Metropolitan Transportation Authority (MTA) today stands on firmer financial ground, largely because …
https://www.osc.ny.gov/press/releases/2023/10/dinapoli-mta-avoided-fiscal-crisis-now-it-has-convince-riders-come-back