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Virtual Currency Licensing (2022-S-18) 180-Day Response

To determine whether the Department of Financial Services (DFS) provides adequate oversight of the applications for, and the supervision and examination of, virtual currency licensees to ensure compliance with New York Codes, Rules and Regulations (NYCRR) Title 23, Part 200.

https://www.osc.ny.gov/files/state-agencies/audits/pdf/sga-2024-22s18-response.pdf

Homeownership Rates in New York

In New York, that dream appears unattainable for a large share of the population: New York has the lowest homeownership rate among the states, with only 53.6 percent owning a home in the second quarter of 2022, compared to 65.8 percent nationally.

https://www.osc.ny.gov/files/reports/pdf/homeownership-rates-in-ny.pdf

Review of the Financial Plan of the City of New York, August 2022

The City’s adopted budget for Fiscal Year (FY) 2023 reflects the countervailing forces of extraordinary efforts by the federal government to boost the economy over the last two years and an economic slowdown due to unanticipated factors, including supply chain issues.

https://www.osc.ny.gov/files/reports/osdc/pdf/report-6-2023.pdf

Review of the Financial Plan of the City of New York, May 2022

The release of New York City’s $99.7 billion Fiscal Year (FY) 2023 Budget - $104.9 billion when adjusted for surplus transfers - and Financial Plan (the “April Plan”) signifies a remarkable fiscal turnaround since the adoption of the FY 2022 budget in June 2021.

https://www.osc.ny.gov/files/reports/osdc/pdf/report-4-2023.pdf

New York City’s Uneven Recovery: An Analysis of Labor Force Trends

This report aims to understand the main differences in labor force participation among New York City’s workers and discusses discusses some of the reasons for the City’s uneven recovery when compared to the rest of New York State and the nation.

https://www.osc.ny.gov/files/reports/osdc/pdf/report-3-2023.pdf

City of Long Beach – Budget Review (B21-7-6)

Determine whether the significant revenue and expenditure projections in the City’s proposed budget for the 2021-22 fiscal year are reasonable, and whether the City took appropriate action to implement or resolve recommendations from our budget review issued in May 2020.

https://www.osc.ny.gov/files/local-government/audits/2021/pdf/long-beach-budget-review-b21-7-6.pdf

2020 Annual Report on Preschool Special Education

In 2020, OSC completed 10 audits of preschool special education providers' expenses submitted to SED. These audits cumulatively identified over $4.4 million in recommended disallowances, or more than 3 percent of the total claimed expenses of $139.3 million for the audit period.

https://www.osc.ny.gov/files/state-agencies/audits/pdf/seit-annual-report-2020.pdf

Accounting and Reporting Update

This session will provide an overview of recent GASB statements as well as miscellaneous accounting updates implemented by OSC. The session will discuss how local governments will need to account for and report these changes in the Annual Financial Report (AFR).

https://www.osc.ny.gov/files/local-government/academy/pdf/osc-accounting-and-reporting-update-042926.pdf

Hotel Industry in New York City

New York City’s hotel industry is one of the nation’s strongest, with high demand for rooms led by a surge in domestic visitors, but it remains vulnerable to changes in tourism and the continued loss of international travelers due to geopolitical instability.

https://www.osc.ny.gov/files/reports/osdc/2026/pdf/nyc-hotel-industry-report-july-2026.pdf

DiNapoli: Audit Finds up to $12.1 Million in Inappropriate Medicaid Payments

… inappropriate payments during 2015, including $2.3 million for dead patients and millions more for recipients who had been dropped from long term care … system processes Medicaid claims submitted by providers for services rendered to Medicaid-eligible recipients and …

https://www.osc.ny.gov/press/releases/2016/08/dinapoli-audit-finds-121-million-inappropriate-medicaid-payments

Opinion 95-27

… MUNICIPAL FUNDS -- State Aid (submission of claims for adjustments in the amount of State aid paid to a school … DISTRICTS -- Powers and Duties (submission of claims for adjustments in the amount of State aid paid to a school … chapter 82 of the Laws of 1995, provide a "grace period" for submission of claims for adjustments in the amount of …

https://www.osc.ny.gov/legal-opinions/opinion-95-27

Opinion 91-9

… §75 to include in its annual estimate a reasonable amount for general contingent purposes. A city council of a city of … the board of estimate and apportionment, including an item for general contingent purposes. The city council may be … estimate and apportionment and whether an amount estimated for contingencies would constitute "an item" for this …

https://www.osc.ny.gov/legal-opinions/opinion-91-9

State Agencies Bulletin No. 2301

… agencies that the pensionable overtime (OT) earnings limit for Tier 6 members of the New York City Employee Retirement … York City Board of Education Retirement System (NYCBERS) for the 2025 plan year is $20,958.00. Affected Employees: … NYCTRS, and NYCBERS are affected. Background: OT limit for Tier 6 began in State fiscal year 2012-13 at $15,000. The …

https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2301-2025-tier-6-overtime-limit-new-york-city-retirement-systems

Motor Vehicle Theft and Insurance Fraud Prevention Program

… has complied with Article 36-A of the State Executive Law for revenues received by and expenditures made from the Motor … Insurance Fraud Prevention Fund and from any other source for purposes of the Motor Vehicle Theft and Insurance Fraud … of these crimes by developing and providing funding for programs that support specialized law enforcement units …

https://www.osc.ny.gov/state-agencies/audits/2024/04/11/motor-vehicle-theft-and-insurance-fraud-prevention-program

Division of Housing and Community Renewal Bulletin No. DH-132

… Lump Sum Payment and to provide processing instructions for entering the payment for employees not processed automatically or who require an … in the RRSU bargaining unit listed above may be eligible for a one-time lump sum payment. The one-time lump sum … Lump Sum Payment and to provide processing instructions for entering the payment for employees not processed …

https://www.osc.ny.gov/state-agencies/payroll-bulletins/housing-and-community-renewal/dh-132-district-council-37-dc-37-2024-non-pensionable-lump

State Agencies Bulletin No. 2253

… Eligible (BU21) Retroactive 3% Salary Increases for Employees in the SSU Represented by NYSCOPBA and provide instructions for payments not processed automatically. Affected Employees: … Agreement between the State of New York and NYSCOPBA for arbitration eligible members (BU01) and non-arbitration …

https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2253-april-2023-and-april-2024-retroactive-3-salary-increases-arbitration

DiNapoli: Tesla Investors Should Vote Against Musk's Trillion Dollar Pay and Director Nominees

… to reject Elon Musk’s trillion dollar proposed pay package for a lack of defined goals and to vote against all directors standing for reelection at Tesla’s Nov. 6 Annual Meeting, citing their … of every other shareholder. This pay proposal is not pay for performance — it’s pay for power. Musk has proven to be …

https://www.osc.ny.gov/press/releases/2025/10/dinapoli-tesla-investors-should-vote-against-musks-trillion-dollar-pay-and-director-nominees

DiNapoli: Administrative Streamlining Can Strengthen Fragmented NYC Child Care Programs

… P. DiNapoli analyzes New York City’s child care services for those under the age of five, including the demand for these programs and current measures of success, and found … greatest need. “The rising cost of child care, especially for children under five, is a major affordability issue …

https://www.osc.ny.gov/press/releases/2026/01/draft-dinapoli-administrative-streamlining-can-strengthen-fragmented-nyc-child-care-programs