Search
DiNapoli: Funds Dedicated for Highway & Bridge Capital Projects Continue to be Diverted for Operating and Debt Costs
… Money in the Dedicated Highway and Bridge Trust Fund continues to … Thomas P. DiNapoli. "Taxpayers have paid billions in taxes and fees into a fund that was created to keep our roads and bridges in good repair. Now, more than three-quarters of this money …
https://www.osc.ny.gov/press/releases/2014/02/dinapoli-funds-dedicated-highway-bridge-capital-projects-continue-be-diverted-operating-and-debtOpinion 91-24
… or statutory amendments that bear on the issues discussed in the opinion. SEWERS AND SEWER SYSTEMS -- Contracts (to … cost of such a contract would be financed by the county in the same manner as other operation and maintenance costs incurred by the district. This is in reply to your inquiry concerning the authority of a town …
https://www.osc.ny.gov/legal-opinions/opinion-91-24Opinion 91-21
… or statutory amendments that bear on the issues discussed in the opinion. PUBLIC OFFICERS AND EMPLOYEES -- Compensation … is entitled to retain fees and commissions received in his or her capacity as administrator of estates. The chief … may voluntarily remit to the county moneys received in that capacity. If the chief fiscal officer waives his or …
https://www.osc.ny.gov/legal-opinions/opinion-91-21DiNapoli: NYC Financial Plan Improved From June
… after surplus transfers), reflecting continued improvement in the city’s fiscal position since June, but city finances … pressure amid a slowing economic recovery and an increase in demand for city services, according to State Comptroller … DiNapoli said. “However, the city faces potential declines in real estate and income-related revenue collections as well …
https://www.osc.ny.gov/press/releases/2022/12/dinapoli-nyc-financial-plan-improved-juneDiNapoli: Former Morley Fire Company Treasurer Ordered to Pay $50,000 for Theft of Public Funds
… Co., Cindi Perkins, was yesterday ordered to pay $50,000 in restitution and sentenced to serve five years of probation … Perkins, 58, previously pleaded guilty to grand larceny in the fourth degree in November 2023. “Ms. Perkins diverted money meant to …
https://www.osc.ny.gov/press/releases/2024/01/dinapoli-former-morley-fire-company-treasurer-ordered-pay-50000-theft-public-fundsDiNapoli: New York City's Budget Outlook Improves
… funding for education and social services remain uncertain in the future, according to State Comptroller Thomas P. … and property taxes. Tax projections rose by $1.3 billion in FY 2024 and grew to $2.2 billion by FY 2027, despite a decrease of about $500 million annually in real estate transaction taxes. Non-tax revenue adjustments …
https://www.osc.ny.gov/press/releases/2024/02/dinapoli-new-york-citys-budget-outlook-improvesDiNapoli: 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, … shortfall for the year with gaps of more than $1 billion in 2024 that could have ballooned to $1.6 billion in 2026. …
https://www.osc.ny.gov/press/releases/2023/10/dinapoli-mta-avoided-fiscal-crisis-now-it-has-convince-riders-come-backState Agencies Bulletin No. 2159.1
… use of an employer-provided vehicle and chauffeur services in the New York State Payroll System (PayServ) for tax year … Fringe Benefits are taxable income that must be included in the employee’s taxable gross wages. This income is … Regulations. Agencies should have an established process in place requiring employees to substantiate their business …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/21591-procedures-reporting-taxable-value-personal-use-employer-providedDiNapoli: Housing Cost Burdens for New Yorkers Among Nation's Highest
… consume more than 30% of their household income, with 1 in 5 households experiencing a severe cost burden of more … Comptroller Thomas P. DiNapoli. This is the third report in the State Comptroller’s “New Yorkers in Need” series. Previous reports focused on poverty and food …
https://www.osc.ny.gov/press/releases/2024/02/dinapoli-housing-cost-burdens-new-yorkers-among-nations-highestState Agencies Bulletin No. 2159
… use of an employer-provided vehicle and chauffeur services in the New York State Payroll System (PayServ) for tax year … Fringe Benefits are taxable income that must be included in the employee’s taxable gross wages. This income is … Regulations. Agencies should have an established process in place requiring employees to substantiate their business …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2159-procedures-reporting-taxable-value-personal-use-employer-providedDiNapoli: More School Districts Take Initial Steps to Exceed Tax Cap
… initially planning to override New York’s property tax cap in 2016-17 has nearly doubled when compared to last year, but … cap, which first applied to local governments beginning in 2012, limits tax levy increases to the lesser of the rate … show they will be able to levy a total of $19.4 billion in 2016-17. This represents a 0.89 percent increase over the …
https://www.osc.ny.gov/press/releases/2016/03/dinapoli-more-school-districts-take-initial-steps-exceed-tax-capPension Fund Makes Progress on Board Diversity
… orientation and gender identity, among other factors, in its considerations when seeking diverse board candidates. … solidify its commitment to seek diverse director nominees in response to a shareholder proposal filed by the Fund. As a … possible pool. We will continue to urge the companies in our portfolio to adopt more inclusive practices in seeking …
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
… New sources of recurring revenue in the state’s final budget and other aid, including expected … Ensuring stronger finances down the road will depend in part on how the MTA chooses to manage debt in the coming years. “The MTA received the State funding it …
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
… cost-effective solutions for its estimated $250 billion in infrastructure needs over the next 20 years, the state … infrastructure needs a lot of improvements - $250 billion in improvements over the next 20 years,” DiNapoli said. “The … to look at public-private partnerships based on experience in other states, but we have to ensure public assets are not …
https://www.osc.ny.gov/press/releases/2011/01/public-private-partnerships-potentially-good-option-financial-risks-taxpayers-must-be-addressedDiNapoli Releases Analysis of State Financial Plan
… After two years of extraordinary volatility in state finances, the State Fiscal Year (SFY) 2022-23 … on or ahead of schedule may help prevent disruptions in critical programs and services.” Financial Plan Overview The DOB Financial Plan projects disbursements in SFY 2022-23 of $222.2 billion from All Funds, including …
https://www.osc.ny.gov/press/releases/2022/07/dinapoli-releases-analysis-state-financial-planXIV.5 Employee Award Programs – XIV. Special Procedures
… the issues Business Unit personnel should be aware of in planning for employee award programs and the requirements … awards, recognition awards and achievement awards. In addition to these guidelines, individual award programs … additional program-specific requirements or limitations. In planning or implementing each type of program, Business …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xiv/xiv5-employee-award-programsXI.2.K Authorized Signatures – XI. Procurement and Contract Management
… or of a division, board, body, bureau, officer or employee in a department, for personal services, maintenance and … of the department, or by such authority or authorities in the department as shall be designated by the head of the … if they have questions concerning the adequacy of controls in place. Process and Document Preparation: If the department …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xi/xi2k-authorized-signaturesXII.3 Record Retention – Accounts Payable Vouchers and Land Claims – XII. Expenditures
… payments for Accounts Payable and Land Claims processed in the Statewide Financial System (SFS) is readily available … documentation from agencies to support payments processed in the SFS. OSC may contact agency employees to either … be sent to OSC or to facilitate OSC’s on-site review. In either case, supporting documentation must be readily …
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
… and landowners are adhering to requirements to assist in the protection of the environmental benefits of the … of both healthy forests and a stable forest economy, in 1974 New York enacted Real Property Tax Law 480a – a tax … qualifying private forest landowners. Forest land enrolled in the 480a Program receives an annual property tax exemption …
https://www.osc.ny.gov/state-agencies/audits/2022/04/20/oversight-new-york-state-forest-tax-programsNYS Comptroller DiNapoli Prohibits New Russian Investments and Directs Investment Review
… has directed staff to prohibit all new investments in Russian companies and to review the New York State Common … “While American sanctions already prohibit investments in many Russian companies, I believe it is prudent to freeze purchases in all Russian companies due to the situation’s …
https://www.osc.ny.gov/press/releases/2022/03/nys-comptroller-dinapoli-prohibits-new-russian-investments-and-directs-investment-review