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NYS Comptroller DiNapoli Prohibits New Russian Investments and Directs Investment Review
… fiscal year ends March 31. Its quarterly value as of Dec. 31, 2021 was $279.7 billion. …
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
… with GoPro Inc. to formally include sexual orientation and gender identity, among other factors, in its … board candidates. GoPro agreed to amend its Nominating and Governance Committee Charter to solidify its commitment … formalize its commitment to diversity at the board level and draw talent and ideas from the deepest possible pool. We …
https://www.osc.ny.gov/press/releases/2017/03/pension-fund-makes-progress-board-diversityDiNapoli: Oil Spill Fund Reaches New Agreements With St. Lawrence County
… remediation must occur. "By working hand-in-hand with local government officials, my office can help turn … in places like Massena and DeKalb. The environmental and financial benefits of these agreements continue to pay … or refuse to clean up or pay. The OAG subsequently assists in recovering costs expended from the Oil Spill Fund …
https://www.osc.ny.gov/press/releases/2018/08/dinapoli-oil-spill-fund-reaches-new-agreements-st-lawrence-countyState Pension Employer Contribution Rates Announced for 2020-21, Assumed Rate of Return Lowered
… DiNapoli is also dropping the long-term assumed rate of return on investments from 7 percent to 6.8 percent, … we have kept the state pension fund strong and one of the best funded in the nation. The long-term outlook for … combinations. Payments based on the new rates are due by Feb. 1, 2021, but employers receive a discount if payment is …
https://www.osc.ny.gov/press/releases/2019/08/state-pension-employer-contribution-rates-announced-2020-21-assumed-rate-return-loweredDiNapoli:Two Fortune 500 Retailers Agree to Increased Use of Renewable Energy
… P. DiNapoli today announced that Fortune 500 retailers Best Buy and Nordstrom have agreed to the New York State … Goldman Sachs among its members. The Fund owns shares of Best Buy and Nordstrom with estimated values of $32 million … P DiNapoli today announced that Fortune 500 retailers Best Buy and Nordstrom have agreed to the New York State …
https://www.osc.ny.gov/press/releases/2016/05/dinapolitwo-fortune-500-retailers-agree-increased-use-renewable-energyDiNapoli Urges NYC to Shore Up Rainy-Day Fund
… the city’s reserve policies are not as robust as other large U.S. cities, and with recent changes in state and local … fiscal year (FY) 2020. Officials subsequently approved a deposit of $500 million in FY 2022, which will bring the … during periods of economic expansion); Define the total amount of reserves to be set aside and the methodology to be …
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
… the city from economic and fiscal uncertainty in the near future,” DiNapoli said. “The plan also addresses $1.2 … of the PEG, fueled by reducing vacancies for aggressive hiring targets, is projected to create $866 million in …
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
… peak at nearly 7.7 million in SFY 2022-23 and return to near pre-pandemic levels of 6.1 million in SFY 2023-24. If …
https://www.osc.ny.gov/press/releases/2022/07/dinapoli-releases-analysis-state-financial-planDiNapoli: NYC Financial Plan Improved From June
… to State Comptroller Thomas P. DiNapoli’s analysis of the city’s November financial plan update . “Amid a number of setbacks, New York City’s economy continues to show … 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 …
https://www.osc.ny.gov/press/releases/2022/12/dinapoli-nyc-financial-plan-improved-juneDiNapoli: Public Must Be Alerted to Sewer Overflow Problems
… At least 20 percent of the publicly owned sewer systems in New York state were not reporting overflow events or registered with the electronic notification system … that tracks those events, potentially putting the public at risk, according to an audit of the Department of …
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
… It is essential that additional resources are used for critical infrastructure projects to reduce debt issued … pandemic recovery for New York’s struggling individuals, families and businesses may result in pressure to continue … payments and public authority data. Visit the Reading Room for contract FOIL requests, bid protest decisions and …
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
… Thomas P. DiNapoli. Ensuring stronger finances down the road will depend in part on how the MTA chooses to manage … firm financial ground or whether it comes back to riders, toll payers and taxpayers for more assistance down the road. Key Findings: MTA’s outstanding long-term debt climbed …
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
… but an influx of new funding has helped the MTA shore up its finances,” DiNapoli said. “This newfound fiscal stability gives the MTA the opportunity to make improvements that will ensure a safe, clean and on time … the pandemic. Fares (26%) and tolls (13%) will combine to make up 39% of the MTA’s revenue in 2024, well below 2019 …
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
… cost burden of more than 50% of their income going to pay for housing, according to a report by State Comptroller … cost burden of more than 50 of their income going to pay for housing according to a report …
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
… York City’s budget outlook for Fiscal Year (FY) 2025, but funding for education and social services remain uncertain in … P. DiNapoli’s analysis of the city’s latest financial plan . “New York City’s finances were boosted by … and needs the federal government to take steps to provide funding and address comprehensive immigration reform.” The …
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
… change, bioterrorism, disadvantaged communities, and replacement of lead water service lines. Additional funding … York has more than 494,000 lead service lines in need of replacement, among the highest in the nation. While the …
https://www.osc.ny.gov/press/releases/2024/04/dinapoli-environmental-facilities-corporation-faces-significant-funding-backlog-essential-waterDiNapoli: Improved Planning Needed for New York To Achieve Its Clean Energy Goals
… clean energy targets. For example, according to the Independent System Operator, the state would need new … the renewable electricity they generate into the New York power grid and contribute to achieving the Climate Act goals. These …
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
… an economic snapshot today of Brooklyn’s Coney Island and Brighton Beach, where the amusement parks, boardwalk and … the past decade may be less well known. “Coney Island and Brighton Beach have undergone robust economic growth led by … housing cost burdens which remain high. Coney Island and Brighton Beach are jewels among our city’s neighborhoods, but …
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
… State tax receipts totaled $54.6 billion through the first six … Enacted Budget Financial Plan. On a year-over-year basis, tax collections were $3.1 billion higher than those through … September 2023, primarily driven by the Personal Income Tax (PIT) according to the monthly State Cash Report released …
https://www.osc.ny.gov/press/releases/2024/10/dinapoli-state-tax-receipts-tracking-close-projections-through-first-half-year