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DiNapoli: Financial Plan Outlook Has Improved; State Should Now Commit to Further Increasing Reserves
… uses to capital projects related to state assets. In the near term, if state tax receipts continue to surpass …
https://www.osc.ny.gov/press/releases/2021/06/dinapoli-financial-plan-outlook-has-improved-state-should-now-commit-further-increasing-reservesDiNapoli: Lack of Oversight Delayed Access to Emergency Home Repairs for Elderly New Yorkers
… program contributed to delays in urgent home repairs for seniors. The audit found the agency needs to do more to … program. “The RESTORE program has been a vital resource for seniors across our state whose homes may be at risk if … program contributed to delays in urgent home repairs for seniors …
https://www.osc.ny.gov/press/releases/2021/07/dinapoli-lack-oversight-delayed-access-emergency-home-repairs-elderly-new-yorkersDiNapoli: New State Funds Open Door for MTA to Ease Debt, Build Stronger Future Budgets
… payments coming from its operating budget by a total of $1.5 billion from 2023 through 2026. The MTA can use these … in 2000 to $42.3 billion in 2022 and will reach $56.7 billion by 2028. By 2023, the MTA expects 17.9% of its … capital projects has vastly improved, with one-third ($18.6 billion) of its 2020-2024 program already committed. …
https://www.osc.ny.gov/press/releases/2023/05/dinapoli-new-state-funds-open-door-mta-ease-debt-build-stronger-future-budgetsDiNapoli: MTA Avoided A Fiscal Crisis, Now It Has To Convince Riders To Come Back
… recovery can be steep. Each drop of 5% in anticipated rider recovery means $325 million less in annual revenue. NYC Transit has set a target for 70% rider satisfaction by 2024, a metric that has improved since …
https://www.osc.ny.gov/press/releases/2023/10/dinapoli-mta-avoided-fiscal-crisis-now-it-has-convince-riders-come-backDiNapoli: 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 … burden of more than 50% of their income going to pay for housing, according to a report by State Comptroller Thomas P. … essentials, like food and health care. The consequences of housing insecurity are wide-ranging and while low-income …
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
… far exceeds this amount, and tens of billions of dollars in local projects remain in the pipeline, according to a report by State Comptroller … Facilities Corporation serves a critical role in financing improvements to New York’s water … it the largest revolving fund program to protect water in the nation but there is a daunting backlog of local water …
https://www.osc.ny.gov/press/releases/2024/04/dinapoli-environmental-facilities-corporation-faces-significant-funding-backlog-essential-waterDiNapoli: New York May Be Paying Medicaid Premiums for People Living Out-of-State
… those services. In exchange, DOH pays the plans a monthly premium for each enrolled member. Generally speaking, if a … in October 2019. The audit identified $1.5 billion in premium payments that were made from 2017 to 2019 for … in NY since February 2020, but Medicaid made 45 monthly premium payments totaling $100,859 from June 2020 through …
https://www.osc.ny.gov/press/releases/2025/09/dinapoli-new-york-may-be-paying-medicaid-premiums-people-living-out-stateDiNapoli Announces $2B Strategic Partnership With Goldman Sachs Asset Management For Global Equity Investments
… Fund) has created a $2 billion strategic partnership with Goldman Sachs Asset Management (GSAM) to invest in a diverse … global co-heads of the Investment Management Division at Goldman Sachs. “We are excited to provide customized access … Fund has created a $2 billion strategic partnership with Goldman Sachs Asset Management to invest in a diverse group …
https://www.osc.ny.gov/press/releases/2014/09/dinapoli-announces-2b-strategic-partnership-goldman-sachs-asset-management-global-equity-investmentsDiNapoli:Two Fortune 500 Retailers Agree to Increased Use of Renewable Energy
… and includes Johnson & Johnson, Starbucks, Wal-Mart and Goldman Sachs among its members. The Fund owns shares of Best Buy and …
https://www.osc.ny.gov/press/releases/2016/05/dinapolitwo-fortune-500-retailers-agree-increased-use-renewable-energyNYS 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-reviewPension Fund Makes Progress on Board Diversity
… Group Inc. 2015 eBay Inc. Garmin Ltd. Monster Beverage Corp. Standard Pacific Corp. Urban Outfitters 2014 NVR Inc. Meritage Homes 2013 Leucadia National Corp. QEP Resources Inc. Teradyne Inc. T-Mobile USA Inc. …
https://www.osc.ny.gov/press/releases/2017/03/pension-fund-makes-progress-board-diversityDiNapoli: Oil Spill Fund Reaches New Agreements With St. Lawrence County
… an agreement between the New York Environmental Protection and Spill Compensation Fund (Oil Spill Fund) and St. Lawrence County that will lead to the clean-up and redevelopment of contaminated commercial property in the … an agreement between the New York Environmental Protection and Spill Compensation Fund and St Lawrence County that will …
https://www.osc.ny.gov/press/releases/2018/08/dinapoli-oil-spill-fund-reaches-new-agreements-st-lawrence-countyState Pension Employer Contribution Rates Announced for 2020-21, Assumed Rate of Return Lowered
… System (PFRS). DiNapoli is also dropping the long-term assumed rate of return on investments from 7 percent to 6.8 … past, we’re taking the responsible action of lowering our assumed rate of return now so we can better weather market … time that DiNapoli has lowered the state pension fund’s assumed rate of return as economic and demographic conditions …
https://www.osc.ny.gov/press/releases/2019/08/state-pension-employer-contribution-rates-announced-2020-21-assumed-rate-return-loweredDiNapoli: State Tax Receipts Tracking Close to Projections Through First Half of the Year
… State tax receipts totaled $54.6 billion through the first six months of State Fiscal Year (SFY) 2024-25, $682.1 million higher than the state Division of the Budget (DOB) estimates in the First Quarterly Update to … State tax receipts totaled $546 billion through the first six months of State Fiscal Year SFY 202425 $6821 …
https://www.osc.ny.gov/press/releases/2024/10/dinapoli-state-tax-receipts-tracking-close-projections-through-first-half-yearDiNapoli: New York City's Budget Outlook Improves
… and planned cost savings benefited New York City’s budget outlook for Fiscal Year (FY) 2025, but funding for education and social services remain uncertain in … revenues and planned cost savings benefited New York Citys budget outlook for Fiscal Year FY 2025 but funding for …
https://www.osc.ny.gov/press/releases/2024/02/dinapoli-new-york-citys-budget-outlook-improvesPhysical and Financial Conditions at Selected Mitchell-Lama Developments
… by the New York City Department of Housing Preservation and Development are being maintained in a manner that protects the health and safety of residents and whether funds at these developments are being used for … by the New York City Department of Housing Preservation and Development are being maintained in a manner that …
https://www.osc.ny.gov/state-agencies/audits/2026/01/15/physical-and-financial-conditions-selected-mitchell-lama-developmentsCapital Asset Management (2022-S-32)
To determine whether the Office of General Services is adequately overseeing selected agencies and related entities to ensure that they have proper inventory controls in place to safeguard assets and that they are properly reporting capital assets.
https://www.osc.ny.gov/files/state-agencies/audits/pdf/2022-S-32.pdfOversight of the Early Intervention Program
To determine whether the Department of Health (Department) is effectively administering the Early Intervention Program (Program) in compliance with all applicable laws and regulations and ensuring equitable and timely access to services for children across the State.
https://www.osc.ny.gov/files/state-agencies/audits/pdf/sga-2023-21s25-response.pdfReview of the Financial Plan of the City of New York, August 2023
While May marked the end of the public health emergency in the United States, New York City continues to face the residual effects of the pandemic and the many unanticipated consequences on its finances, operations and economy.
https://www.osc.ny.gov/files/reports/osdc/pdf/report-6-2024.pdfUnitedHealthcare Insurance Company of New York: Improper Payments for Acupuncture and Acupuncture-Related Services (Follow-Up) (2023-F-14)
To determine the extent of implementation of the four recommendations included in our initial audit report, New York State Health Insurance Program – UnitedHealthcare Insurance Company of New York: Improper Payments for Acupuncture and Acupuncture-Related Services (Report 2020-S-7).
https://www.osc.ny.gov/files/state-agencies/audits/pdf/sga-2023-23f14.pdf