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DiNapoli: New York City's Budget Outlook Improves

… revenues and planned cost savings benefited New York City’s budget outlook for Fiscal Year (FY) 2025, but funding for education and social services remain uncertain in … in FY 2024 and grew to $2.2 billion by FY 2027, despite a decrease of about $500 million annually in real estate …

https://www.osc.ny.gov/press/releases/2024/02/dinapoli-new-york-citys-budget-outlook-improves

DiNapoli: MTA Avoided A Fiscal Crisis, Now It Has To Convince Riders To Come Back

… stands on firmer financial ground, largely because the state budget provided dedicated sources of revenue to close projected budget gaps, according to New York State Comptroller Thomas P. DiNapoli’s annual report on …

https://www.osc.ny.gov/press/releases/2023/10/dinapoli-mta-avoided-fiscal-crisis-now-it-has-convince-riders-come-back

State Agencies Bulletin No. 2159.1

… Actions: Reporting Taxable Fringe Benefits Agencies are required to provide the Office of the State Comptroller (OSC) … use of the vehicle for purposes of commuting to and from an employee’s home and his or her official workstation … Valuing Personal Use of Vehicles Employees must choose from one of three methods acceptable to the IRS to determine …

https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/21591-procedures-reporting-taxable-value-personal-use-employer-provided

DiNapoli: Housing Cost Burdens for New Yorkers Among Nation's Highest

… Tax Credits (LIHTCs) and Private Activity Bonds (PABs). LIHTC is the nation’s largest source of affordable housing …

https://www.osc.ny.gov/press/releases/2024/02/dinapoli-housing-cost-burdens-new-yorkers-among-nations-highest

State Agencies Bulletin No. 2159

… Actions: Reporting Taxable Fringe Benefits Agencies are required to provide the Office of the State Comptroller (OSC) … use of the vehicle for purposes of commuting to and from an employee’s home and his or her official workstation … Valuing Personal Use of Vehicles Employees must choose from one of three methods acceptable to the IRS to determine …

https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2159-procedures-reporting-taxable-value-personal-use-employer-provided

DiNapoli: 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. … now anticipates setting aside a surplus of $705 million this year to use for prepayments of liabilities in FY 2024. … the city’s revenue and expenses and take actions to close out-year gaps while maintaining critical services. Report …

https://www.osc.ny.gov/press/releases/2022/12/dinapoli-nyc-financial-plan-improved-june

Pension Fund Makes Progress on Board Diversity

… 2017 GoPro Inc. 2016 The Priceline Group Inc. 2015 eBay Inc. Garmin Ltd. Monster Beverage Corp. Standard Pacific …

https://www.osc.ny.gov/press/releases/2017/03/pension-fund-makes-progress-board-diversity

DiNapoli: More School Districts Take Initial Steps to Exceed Tax Cap

… The percentage of school districts initially planning to override New York’s … P. DiNapoli. As of March 2nd, 6 percent, or 36, of the 601 school districts that reported, indicated that they will seek … to override the tax cap. Property tax levy growth for school districts is capped at 0.12 percent above current …

https://www.osc.ny.gov/press/releases/2016/03/dinapoli-more-school-districts-take-initial-steps-exceed-tax-cap

XI.2.K Authorized Signatures – XI. Procurement and Contract Management

… Certification or approval of the accounts or vouchers of a department, or of a division, board, body, bureau, officer … the limitation on the appropriate authorized signature form. Agencies are responsible for establishing proper … BOC uses the Bureau of Contracts Authorized Signature Form ( AC 1782-S ) to verify authorized signatures on …

https://www.osc.ny.gov/state-agencies/gfo/chapter-xi/xi2k-authorized-signatures

XII.3 Record Retention – Accounts Payable Vouchers and Land Claims – XII. Expenditures

… documentation in SFS. SFS may be used as the primary source of records for documentation supporting the receipt of …

https://www.osc.ny.gov/state-agencies/gfo/chapter-xii/xii3-record-retention-accounts-payable-vouchers-and-land-claims

NYS Comptroller DiNapoli Prohibits New Russian Investments and Directs Investment Review

… while completing its divestment review, consistent with my fiduciary duty. “This crisis has underscored major …

https://www.osc.ny.gov/press/releases/2022/03/nys-comptroller-dinapoli-prohibits-new-russian-investments-and-directs-investment-review

LinkNYC Program Revenues and Monitoring

… Administration is responsible for granting franchises for public communications structures (PCSs), enforcing … providers (Consortium) to replace an aging network of public pay telephones (PPTs or payphones) with … free cell phone charging; and digital advertising and public service announcements. The LinkNYC franchise is …

https://www.osc.ny.gov/state-agencies/audits/2021/07/30/linknyc-program-revenues-and-monitoring

DiNapoli Releases State Cash Report

… higher than projections from the Enacted Budget, according to the monthly state cash report issued today by New York … that are not yet appropriated. These funds should be used to fix New York’s crumbling infrastructure or for other non-recurring purposes and not to support ongoing expenses.” May tax receipts were $166 …

https://www.osc.ny.gov/press/releases/2015/06/dinapoli-releases-state-cash-report

Compliance With Executive Order 95 (Open Data)

… with Executive Order 95 (EO 95), including providing, in a timely manner, publishable State data to the Office of … publishable State data and make such data freely available in accessible formats for public use. As of March 2021, there … is responsible for managing water, land, and air pollution in order to enhance the health, safety, and welfare of the …

https://www.osc.ny.gov/state-agencies/audits/2021/05/27/compliance-executive-order-95-open-data

Ordinary Death Benefit

… the age at which the ordinary death benefit commences to be reduced while a member of the New York State and Local Retirement System (NYSLRS) and the New York State Teachers' Retirement System (TRS) is in service to the full retirement age. Memo Bill Text …

https://www.osc.ny.gov/legislation/ordinary-death-benefit

NYS Comptroller DiNapoli: SEC Upholds Shareholders' Right to Seek Racial Equity Audit

… New York State Comptroller Thomas P. DiNapoli made the following … today in response to the U.S. Securities and Exchange Commission Staff's determination  that it was unable to agree … shareholders who are concerned about racial inequity in corporate America. Companies like Amazon need to show they …

https://www.osc.ny.gov/press/releases/2021/04/nys-comptroller-dinapoli-sec-upholds-shareholders-right-seek-racial-equity-audit

DiNapoli: Lack of Oversight Delayed Access to Emergency Home Repairs for Elderly New Yorkers

… state's 180,000 contracts, billions in state payments and public authority data. Visit the Reading Room for contract …

https://www.osc.ny.gov/press/releases/2021/07/dinapoli-lack-oversight-delayed-access-emergency-home-repairs-elderly-new-yorkers

DiNapoli: Federal Aid, Increasing Tax Revenues and Savings Boost New York City's Surplus

… “The plan also addresses $1.2 billion in recurring risks my office previously raised. Still, more can be done to …

https://www.osc.ny.gov/press/releases/2022/03/dinapoli-federal-aid-increasing-tax-revenues-and-savings-boost-new-york-citys-surplus

V.3.C Funds and Fund Accounting – V. Chart of Accounts (COA) Governance

… agencies will be able to access the complete list of Fund codes in the SFS. Fund will be inherited on transactions to … the fund, whether the fund is eligible for Fringe Benefits billing, and whether it is subject to cash validation. For … instruction on this topic, visit job aid SFS Fund codes published to SFS Coach. SFS Coach is accessible from …

https://www.osc.ny.gov/state-agencies/gfo/chapter-v/v3c-funds-and-fund-accounting

Oversight of New York State Forest Tax Programs

… those properties through July 2021. About the Program New York State’s land area of 30.2 million acres comprises almost … both healthy forests and a stable forest economy, in 1974 New York enacted Real Property Tax Law 480a – a tax incentive …

https://www.osc.ny.gov/state-agencies/audits/2022/04/20/oversight-new-york-state-forest-tax-programs