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DiNapoli Urges NYC to Shore Up Rainy-Day Fund
… DiNapoli urged New York City officials to better prepare for financial downturns by evaluating the city’s rainy-day reserve fund, establishing targets for how much should go into the fund each year and setting the conditions for withdrawals. His report found the city’s reserve policies …
https://www.osc.ny.gov/press/releases/2021/11/dinapoli-urges-nyc-shore-rainy-day-fundDiNapoli: Federal Aid, Increasing Tax Revenues and Savings Boost New York City's Surplus
… than expected. Budget gaps during FY 2024 through FY 2026 will average about $2.7 billion, an amount that has … growth is expected to average 2.4% from FY 2024 to FY 2026, but an unexpected decline would require at least a … programs, risks total more than $3 billion annually by FY 2026, with tax offsets bringing the net risk to about $2.1 …
https://www.osc.ny.gov/press/releases/2022/03/dinapoli-federal-aid-increasing-tax-revenues-and-savings-boost-new-york-citys-surplusDiNapoli Releases Analysis of State Financial Plan
… SFY 2023-24. If Medicaid enrollment declines at a slower rate than projected or fails to decline as much as projected, … and provided 38.2% of PIT liability. The temporary PIT rate increase results in the state being more dependent on … in. Over the life of the Financial Plan, temporary tax rate increases in PIT and corporate franchise taxes and …
https://www.osc.ny.gov/press/releases/2022/07/dinapoli-releases-analysis-state-financial-planDiNapoli: NYC Financial Plan Improved From June
… amid a slowing economic recovery and an increase in demand for city services, according to State Comptroller Thomas P. … savings of $1.1 billion by the end of the plan period (FY 2026), but this will not be enough to counter an increase in pension contributions, as anticipated by DiNapoli’s office in …
https://www.osc.ny.gov/press/releases/2022/12/dinapoli-nyc-financial-plan-improved-juneDiNapoli: Improved Planning Needed for New York To Achieve Its Clean Energy Goals
… which may drive clean energy demand and supply up, like electric vehicles, new green buildings, or electric cooling and heating. PSC also did not fully account for other potential …
https://www.osc.ny.gov/press/releases/2024/07/dinapoli-improved-planning-needed-new-york-achieve-its-clean-energy-goalsDiNapoli: Coney Island and Brighton Beach Jobs Doubled Over Last Decade
… have earned global reputations, but the dramatic rise in jobs over the past decade may be less well known. “Coney … fun there every year, but for the people who live and work in the area, its strong economic growth is tempered by … proud to see that jobs have doubled over the last decade in Coney Island and Brighton Beach, and I am committed to …
https://www.osc.ny.gov/press/releases/2024/09/dinapoli-coney-island-and-brighton-beach-jobs-doubled-over-last-decadeDiNapoli: State Tax Receipts Tracking Close to Projections Through First Half of the Year
… to the SFY 2024-25 Enacted Budget Financial Plan. On a year-over-year basis, tax collections were $3.1 billion … expectations,” DiNapoli said. “While economic expansion is expected to continue through the remainder of the year, … estimates. The state’s General Fund ended September with a balance of $52.4 billion, $3.2 billion higher than DOB …
https://www.osc.ny.gov/press/releases/2024/10/dinapoli-state-tax-receipts-tracking-close-projections-through-first-half-yearDiNapoli: Public Must Be Alerted to Sewer Overflow Problems
… in New York state were not reporting overflow events or registered with the electronic notification system (NY-Alert) … found that 83 (22 percent) of the 371 systems were not registered for the NY-Alert notification system and were not … in New York state were not reporting overflow events or registered with the electronic notification system NYAlert …
https://www.osc.ny.gov/press/releases/2020/10/dinapoli-public-must-be-alerted-sewer-overflow-problemsDiNapoli: Financial Plan Outlook Has Improved; State Should Now Commit to Further Increasing Reserves
… SFY 2021-22 disbursements, or less than 14 days of average daily disbursements. Risks The report identifies several …
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
… go toward debt payments and peak around 19.5% in 2024 and 2025 before declining slightly. However, after adjusting for …
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
… will achieve all of the $500 million in annual savings by 2025 that is built into its budget. DiNapoli’s report urges … and Debt It is currently uncertain how large the MTA’s 2025-2029 capital program will be or how it will be funded. … the assessment to inform the selection of projects in the 2025-2029 capital program and its progress toward improving …
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
… actions to provide incentives to certified “pro-housing” communities. Community control and input into development is … state should provide planning and logistical support to communities willing to take action and approve statutory …
https://www.osc.ny.gov/press/releases/2024/02/dinapoli-housing-cost-burdens-new-yorkers-among-nations-highestDiNapoli: New York City's Budget Outlook Improves
… cost savings benefited New York City’s budget outlook for Fiscal Year (FY) 2025, but funding for education and social services remain uncertain in the … cost savings benefited New York Citys budget outlook for Fiscal Year FY 2025 but funding for education and social …
https://www.osc.ny.gov/press/releases/2024/02/dinapoli-new-york-citys-budget-outlook-improvesDiNapoli: Environmental Facilities Corporation Faces Significant Funding Backlog for Essential Water Infrastructure Projects
… has provided financing for over 2,000 essential local water infrastructure projects totaling more than $23.7 … 1990, but the estimated capital improvement needs for water and sewer projects far exceeds this amount, and tens of … a critical role in financing improvements to New York’s water infrastructure,” DiNapoli said. “New York has spent …
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
… members, and found close to $1.2 billion in managed care premiums that were paid for members who may have resided outside of New York. … one state at the same time, both states may end up paying premiums to his or her managed care plans. Responsibility for … members and found close to $12 billion in managed care premiums that were paid for members who may have resided …
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
… partnership to our specific requirements to diversify our holdings given our notable jump in value in recent years,” …
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
… (Fund) request that they increase the use of renewable energy in their operations and supply chain. “More Fortune 500 companies are shifting to renewable energy, not just because it helps reduce greenhouse gas … protecting their long term value by committing to diverse energy sources that are competitively priced and will provide …
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
… review the New York State Common Retirement Fund’s (Fund) current investments and assess whether they present financial … to review the New York State Common Retirement Funds Fund current investments and assess whether they present financial …
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
… New York State Comptroller Thomas P. DiNapoli today announced that the New York State Common Retirement Fund (Fund) has reached … 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-diversity