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DiNapoli: 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 … Ensuring stronger finances down the road will depend in part on how the MTA chooses to manage debt in the coming … 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-budgets

DiNapoli: NYC Financial Plan Improved From June

… New York City’s fiscal year (FY) 2023 budget is projected to rise to $109.4 billion (adjusted from … FY 2023. Some items not reflected in the city’s projected budget gaps are also notable. For example, the city assumes … These costs will build over time, contributing to larger budget gaps in FY 2025 ($4.6 billion) and FY 2026 ($5.9 …

https://www.osc.ny.gov/press/releases/2022/12/dinapoli-nyc-financial-plan-improved-june

Physical and Financial Conditions at Selected Mitchell-Lama Developments

… developments supervised by the New York City Department of Housing Preservation and Development are being maintained in … through April 2025. About the Program The Mitchell-Lama Housing Program (Program) was created in 1955 to provide affordable rental and cooperative (co-op) housing to middle-income families. The New York City (City) …

https://www.osc.ny.gov/state-agencies/audits/2026/01/15/physical-and-financial-conditions-selected-mitchell-lama-developments

XI.2.K Authorized Signatures – XI. Procurement and Contract Management

… internal controls, individuals may be limited to signing only certain types of transactions. For example, an …

https://www.osc.ny.gov/state-agencies/gfo/chapter-xi/xi2k-authorized-signatures

NYS Comptroller DiNapoli Prohibits New Russian Investments and Directs Investment Review

… Russian companies and to review the New York State Common Retirement Funds Fund current investments and assess whether …

https://www.osc.ny.gov/press/releases/2022/03/nys-comptroller-dinapoli-prohibits-new-russian-investments-and-directs-investment-review

DiNapoli: Federal Aid, Increasing Tax Revenues and Savings Boost New York City's Surplus

… year (FY) 2022 due to federal aid, better-than-projected tax revenues, and planned savings, according to a report … expected to provide $1.7 billion in better-than-projected tax revenues in FY 2022, according to its February plan. The … returning to its 10-year pre-pandemic average. Property tax revenues are now expected to rise in FY 2023 by $1.5 …

https://www.osc.ny.gov/press/releases/2022/03/dinapoli-federal-aid-increasing-tax-revenues-and-savings-boost-new-york-citys-surplus

V.3.C Funds and Fund Accounting – V. Chart of Accounts (COA) Governance

… Fund captures a fiscal and accounting entity with a self-balancing set of accounts (real and nominal) for … The Trees are organized as follows: BUDGETARY BASIS FUND TREE Level 1: Total Funds Level 2: Fund Category Level 3: … Fund captures a fiscal and accounting entity with a selfbalancing set of …

https://www.osc.ny.gov/state-agencies/gfo/chapter-v/v3c-funds-and-fund-accounting

DiNapoli Urges NYC to Shore Up Rainy-Day Fund

… In a report released today , New York State Comptroller Thomas … and the city council not only have an opportunity to build these reserves in the near term, but also to shape the … the presentation of the city’s budget. The city’s plan to build up the fund so soon after its creation is prudent. …

https://www.osc.ny.gov/press/releases/2021/11/dinapoli-urges-nyc-shore-rainy-day-fund

State Agencies Bulletin No. 2059

… January 4th, 2023. 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/2059-procedures-reporting-taxable-value-personal-use-employer-provided

Public-Private Partnerships Potentially a "Good Option" but Financial Risks for Taxpayers Must Be Addressed

… its estimated $250 billion in infrastructure needs over the next 20 years, the state should examine both the opportunities that public-private partnerships offer as … its estimated $250 billion in infrastructure needs over the next 20 years the state should examine both the …

https://www.osc.ny.gov/press/releases/2011/01/public-private-partnerships-potentially-good-option-financial-risks-taxpayers-must-be-addressed

State Agencies Bulletin No. 1852

… Agencies should have an established process in place requiring employees to substantiate their business use … 31, 2017 and before January 1, 2026), the maximum fair market value of a vehicle (automobiles, vans, trucks) made … is the most restrictive and cannot be used if the fair market value exceeds set amounts in the year the vehicle was …

https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1852-procedures-reporting-taxable-value-personal-use-employer-provided

Oversight of New York State Forest Tax Programs

… and environmental resource of major importance and that only eligible properties are receiving local tax exemptions. …

https://www.osc.ny.gov/state-agencies/audits/2022/04/20/oversight-new-york-state-forest-tax-programs

XII.3 Record Retention – Accounts Payable Vouchers and Land Claims – XII. Expenditures

… scanned images may be used as the sole documents of record only when the Business Unit has complied with the State’s …

https://www.osc.ny.gov/state-agencies/gfo/chapter-xii/xii3-record-retention-accounts-payable-vouchers-and-land-claims

DiNapoli: Orange County Resident Arrested for Stealing Her Late Mother’s Pension Benefits

… mother’s pension payments. “Ms. White thought she could get away with hiding her mother’s death from the retirement … wrong and now will be held accountable,” DiNapoli said. “I am grateful to Orange County District Attorney Hoovler and … the public to help fight fraud and abuse. New Yorkers can report allegations of fraud involving taxpayer money by …

https://www.osc.ny.gov/press/releases/2021/06/dinapoli-orange-county-resident-arrested-stealing-her-late-mothers-pension-benefits

DiNapoli: Financial Plan Outlook Has Improved; State Should Now Commit to Further Increasing Reserves

… 2021-22 Find out how your government money is spent at Open Book New York . Track municipal spending, the state's …

https://www.osc.ny.gov/press/releases/2021/06/dinapoli-financial-plan-outlook-has-improved-state-should-now-commit-further-increasing-reserves

Compliance With Executive Order 95 (Open Data)

… whether the Department of Environmental Conservation (DEC) is complying with Executive Order 95 (EO 95), including … steward of New York’s natural resources and environment, DEC is responsible for managing water, land, and air … overall economic and social well-being. As of March 2021, DEC had published 147 data items on Open Data. Key Findings …

https://www.osc.ny.gov/state-agencies/audits/2021/05/27/compliance-executive-order-95-open-data

Ordinary Death Benefit

… to be reduced while a member of the New York State and Local Retirement System (NYSLRS) and the New York State Teachers' Retirement System (TRS) is … to be reduced while a member of the New York State and Local Retirement System NYSLRS and the New York State …

https://www.osc.ny.gov/legislation/ordinary-death-benefit

NYS Comptroller DiNapoli: SEC Upholds Shareholders' Right to Seek Racial Equity Audit

… America. Companies like Amazon need to show they are doing more than just talking the talk when it comes to taking a stand against systemic racism. An independent examination of just … in the wages it pays and in the products it sells, will help ensure the company is confronting institutionalized …

https://www.osc.ny.gov/press/releases/2021/04/nys-comptroller-dinapoli-sec-upholds-shareholders-right-seek-racial-equity-audit