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DiNapoli: NYC Projects $3 Billion Surplus for 2015, Balanced Budget Next Year
… New York City is projecting a surplus of $3 billion for fiscal year (FY) 2015 and a balanced budget for FY 2016 … collections are now expected to exceed the city’s original forecast by $2.4 billion to reach $51 billion, 32 percent … billion annually. The city has taken a number of steps to increase its reserves. It has increased the annual general …
https://www.osc.ny.gov/press/releases/2015/06/dinapoli-nyc-projects-3-billion-surplus-2015-balanced-budget-next-yearDiNapoli: Lack of Oversight Hinders Home Meal Delivery Program for Vulnerable Seniors
… audit released today by New York State Comptroller Thomas P. DiNapoli. The agency’s failure to adequately monitor the … audit released today by New York State Comptroller Thomas P DiNapoli …
https://www.osc.ny.gov/press/releases/2022/01/dinapoli-lack-oversight-hinders-home-meal-delivery-program-vulnerable-seniorsState Comptroller DiNapoli Releases State Audits
… initial audit report issued in May 2015, concluded that, while the Canal Corp. performs routine operational and … Moving forward, additional actions should be taken to ensure all high- and intermediate-importance structures … certifications include four students who received awards but did not meet the requirements for full-time status and …
https://www.osc.ny.gov/press/releases/2017/01/state-comptroller-dinapoli-releases-state-audits-0DiNapoli: Chatham Police Chief Sentenced for Pension Double-Dipping
… us bring justice to this case.” “Mr. Volkmann stole funds from the citizens he was sworn to protect and serve as … addiction. With his conviction before Judge Koweek, those funds were returned in full to the Village of Chatham and the … by circumventing retirement laws and stealing from village funds,” said State Police Superintendent Kevin P. Bruen. “We …
https://www.osc.ny.gov/press/releases/2021/07/dinapoli-chatham-police-chief-sentenced-pension-double-dippingTechnology Transfer Program and Royalty Payments
… to receive royalty payments based on executed agreements with the licensee. Key Findings The Research Foundation has … and dedicated resources to monitor payments and compliance with licensing agreements creates the risk that SUNY and IP … assurance that the royalty payments received comply with licensing agreements. Work with Downstate to develop …
https://www.osc.ny.gov/state-agencies/audits/2020/01/17/technology-transfer-program-and-royalty-paymentsDiNapoli: Chipotle Needs to Address Concerns Over Racial Equity and Inclusion
… Retirement Fund is one of the largest public pension funds in the United States with assets of approximately … annual meeting on May 18 seeking their support for the Funds shareholder proposal …
https://www.osc.ny.gov/press/releases/2022/05/dinapoli-chipotle-needs-address-concerns-over-racial-equity-and-inclusionDiNapoli: State Pension Fund Value $194.3 Billion
… early outbreak of the pandemic in the United States with a value of $194.3 billion. Globally, assets swiftly recovered … employees, retirees and their beneficiaries. The Fund's value reflects retirement and death benefits of $13.25 … expected rate of return is 6.8 percent. The Fund’s value and rate of return in prior years is available online: …
https://www.osc.ny.gov/press/releases/2020/07/dinapoli-state-pension-fund-value-1943-billionNYS Common Retirement Fund Reports First Quarter Results
… of the State Fiscal Year (SFY) 2020-21 was 10.35 percent for the three-month period ending June 30, 2020, with an … mortgages (23.2 percent), private equity (9.6 percent), real estate and real assets (8.7 percent) and credit, absolute …
https://www.osc.ny.gov/press/releases/2020/08/nys-common-retirement-fund-reports-first-quarter-resultsDiNapoli: State's Fiscal Picture Has Improved, but Impact of Pandemic Revenue Losses Will Linger
… structural imbalance and put the state’s finances on a sustainable path once emergency federal aid ends. “One … continue to suffer unimaginable losses. Too many families have lost loved ones, huge numbers of New Yorkers have lost their jobs and we are still dealing with the …
https://www.osc.ny.gov/press/releases/2021/03/dinapoli-states-fiscal-picture-has-improved-impact-pandemic-revenue-losses-will-lingerDiNapoli: SED Oversight of Career Training Programs Falling Short
… and respective student enrollments generally do not align with careers that are the most in-demand or best-paying. … of CTE programs approved by SED are providing students with skills for occupations that pay less than the state … of students were enrolled in programs that closely aligned with occupations deemed highest in demand, growth and salary. …
https://www.osc.ny.gov/press/releases/2020/12/dinapoli-sed-oversight-career-training-programs-falling-shortOpinion 95-17
… longer represent those views if, among other things, there have been subsequent court cases or statutory amendments that bear on the issues discussed in the opinion. IMPROVEMENT DISTRICTS … not raised by the imposition of user charges, be assessed on the properties in the district (Town Law, …
https://www.osc.ny.gov/legal-opinions/opinion-95-17DiNapoli: Better Monitoring of "Leandra’s Law" Enforcement Needed
… alcohol-related offenses are not always being reported for attempting to operate their vehicles while under the … six counties – Cortland, Erie, Montgomery, Otsego, Suffolk and Wayne. “Individuals who attempt to operate a vehicle … to report certain violations to the appropriate court and district attorney. This includes violations of “negative …
https://www.osc.ny.gov/press/releases/2016/04/dinapoli-better-monitoring-leandras-law-enforcement-neededOpinion 89-45
… to zoning board of appeals) TOWN LAW, §§27(1), 267(1); MUNICIPAL HOME RULE LAW, §10(1)(ii)(d)(3): A town, by local … of officers and employees "shall be in lieu of all fees, charges and compensation for all services rendered to … payment should be made pursuant to the payroll method to permit more efficient accounting for the various deductions …
https://www.osc.ny.gov/legal-opinions/opinion-89-45DiNapoli: Number of New Yorkers Going Hungry Increases Despite Improving Economy
… increases in Supplemental Nutrition Assistance Program (SNAP) benefits, including a 15% increase to maximum SNAP benefit amounts from Jan. through Sept. 2021. Monthly … decreased by 1.9% to about 2.9 million in Jan. 2024. Financial Pressures on New Yorkers In the last five years – …
https://www.osc.ny.gov/press/releases/2024/05/dinapoli-number-new-yorkers-going-hungry-increases-despite-improving-economyDiNapoli: Priceline Commits to Improve Gender and Racial Diversity on its Board of Directors
… director to its now 11-person board. “We encourage our portfolio companies to commit to a diversity of experience … and LinkedIn. DiNapoli has filed similar proposals with 17 portfolio corporations since 2012, including Priceline. The … The Fund has consistently been ranked as one of the best managed and best funded plans in the nation. The Fund’s …
https://www.osc.ny.gov/press/releases/2016/05/dinapoli-priceline-commits-improve-gender-and-racial-diversity-its-board-directorsDiNapoli: State Budget Boosts Education Aid and Enacts Paid Family Leave but Falls Short on Ethics Reform and Transparency
… 2016-17 state budget includes a $1.4 billion increase in school aid, as well as increases to the minimum wage and phased-in personal income tax cuts for most taxpayers, but adds to state debt and shifts …
https://www.osc.ny.gov/press/releases/2016/05/dinapoli-state-budget-boosts-education-aid-and-enacts-paid-family-leave-falls-short-ethics-reform-andState Ends 2015-16 Fiscal Year with Strong Cash Position Largely From Temporary Resources
… than initial projections and $522.2 million below the latest projections released in February. State spending … lower than initial projections, but $41.3 million over the latest revised estimates; Local assistance spending through … than SFY 2014-15. This was $1.5 billion lower than the latest projections, and nearly $1.6 billion lower than …
https://www.osc.ny.gov/press/releases/2016/05/state-ends-2015-16-fiscal-year-strong-cash-position-largely-temporary-resourcesDiNapoli & NYC Make it Easier to Save for College
… to attend college. We're grateful to New York City and to NYC Kids RISE for their efforts to increase college … Office of the State Comptroller by the Mayor's Office and NYC Kids RISE. "The elimination of the minimum contribution … the Mayor's Office of Media and Entertainment and chair of NYC Kids RISE . "The NYC Kids RISE Save for College Program …
https://www.osc.ny.gov/press/releases/2017/09/dinapoli-nyc-make-it-easier-save-collegeDiNapoli: Unsafe Conditions, Questionable Spending Found at Affordable NYC Housing Complexes
… unsafe conditions at developments in Manhattan, Queens and on Staten Island. “Every New Yorker deserves safe and clean … in this audit are unacceptable. The city needs to do a much better job overseeing the Mitchell-Lama program and … lax approach to monitoring M-L buildings must change, as I have been saying for years. These valuable audits by the …
https://www.osc.ny.gov/press/releases/2024/10/dinapoli-unsafe-conditions-questionable-spending-found-affordable-nyc-housing-complexesCitywide Payment Services and Standards – Controls Over Payments
… Objectives To determine whether the New York City Department of Finance (DOF) Citywide Payments Services and Standards (CPSS) unit has controls in place to …
https://www.osc.ny.gov/state-agencies/audits/2024/08/01/citywide-payment-services-and-standards-controls-over-payments