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DiNapoli: State Tax Receipts and Spending Outpace Division of Budget's Projections Through December
… tax receipts totaled $85.8 billion through three quarters of the State Fiscal Year (SFY) 2025-26, $2.3 billion higher than estimates released in the Division of Budget’s (DOB) Mid-Year Update to the Enacted Budget … Thomas P. DiNapoli. “The state enters the final quarter of the fiscal year in good financial condition,” DiNapoli …
https://www.osc.ny.gov/press/releases/2026/01/dinapoli-state-tax-receipts-and-spending-outpace-division-budgets-projections-through-decemberNYC Budget Is Balanced but Risks Are Growing
… municipal work force, higher costs for debt service and health insurance, and an anticipated slowdown in job growth … for example, has proposed sharp cuts in social safety net programs and discretionary spending. The Metropolitan …
https://www.osc.ny.gov/press/releases/2019/03/nyc-budget-balanced-risks-are-growingNew York’s Economy and Finances in the COVID-19 Era
… of lost jobs. 53% of New York adults age 18 and over live in households that have lost employment income since … Data For example, while 10 percent of all U.S. adults live in households reporting not having enough to eat in the … In the wake of COVID19 more than half of adult New Yorkers live in households that have lost employment income …
https://www.osc.ny.gov/reports/covid-19-july-9-2020Course Offerings
… over the past 30 years, time to degree has increased for many students. Based on the most recently published CUNY … readiness. However, in a 2018 CUNY Student Experience Survey, 5,067 of the 14,479 responding students (35 percent) … In addition, 13 of 25 officials told us they do not offer online or hybrid courses (courses encompassing both classroom …
https://www.osc.ny.gov/state-agencies/audits/2020/09/01/course-offeringsDiNapoli: NYC Forecasts $965 Million Surplus Fueled by Federal Aid
… New York City forecasts a surplus of $965 million in the fiscal year ending in June 2022 (FY 2022), based largely on the receipt of $750 million in unrestricted federal aid, and projects outyear gaps to drop by nearly a third from … New York City forecasts a surplus of $965 million in the fiscal year ending in June 2022 FY …
https://www.osc.ny.gov/press/releases/2021/12/dinapoli-nyc-forecasts-965-million-surplus-fueled-federal-aidNew York’s Agriculture Industry: A Resilient Part of State and Local Economies
… according to the U.S. Bureau of Labor Statistics. Farming is especially important to the economies of New York’s rural … According to the U.S. Department of Agriculture, milk is the State’s largest agricultural commodity, ranking fifth nationally in sales in 2020. New York is also among the top producers of many other products, …
https://www.osc.ny.gov/reports/new-yorks-agriculture-industry-resilient-part-state-and-local-economiesWhat is a Defined Benefit Plan?
… NYSLRS’ Defined Benefit Plans NYSLRS administers nearly 300 retirement plan combinations, but all are defined benefit …
https://www.osc.ny.gov/retirement/members/defined-benefit-planDiNapoli: NYC's 2024 Budget Balanced, but Risks Loom
… to increase spending at a time when demand for services is on the rise,” DiNapoli said. “Continued fiscal discipline … gaps higher through FY 2027. Absent a recession, there is the potential for better-than-projected revenues to continue, as the city is conservatively projecting a 3% decline in city revenue in …
https://www.osc.ny.gov/press/releases/2023/08/dinapoli-nycs-2024-budget-balanced-risks-loomBorrowing Against Your Contributions – Special 20- and 25-Year Plans
… higher (unless the entire loan is nontaxable), so federal withholding can significantly reduce the loan amount payable …
https://www.osc.ny.gov/retirement/publications/1517/borrowing-against-your-contributionsPlanning
… the easier it will be for you to reach your goals. And no one knows your goals better than you do. After all, you … your life to be in the future. However, having goals is one thing — developing a plan to achieve them is quite … will be in riskier ventures with a possibly higher payoff. One way to lessen your risk is to diversify your portfolio. …
https://www.osc.ny.gov/retirement/members/planningTown of Fishkill – Information Technology (2020M-153)
… Technology (IT) systems were adequately secured and protected against unauthorized use, access and loss. Key Findings Town officials did not adequately secure and protect the Town’s IT systems against unauthorized use, … Information Technology IT systems were adequately secured and protected against unauthorized use access and loss …
https://www.osc.ny.gov/local-government/audits/town/2021/04/30/town-fishkill-information-technology-2020m-153Third Quarter 2020 Local Sales Tax Collections Down 9.5 Percent; New York City’s Decline Offsets Uptick in the Rest of State
Statewide local sales tax collections in the third quarter of 2020 declined by 9.5 percent, or $452 million, over the same quarter in 2019.
https://www.osc.ny.gov/files/local-government/publications/2020/pdf/2020-third-quarter-local-sales-tax-collections-down-9.5-percent.pdfCayuga County Soil and Water Conservation District – Information Technology Governance (2020M-118)
Determine whether Cayuga County Soil and Water Conservation District District officials adequately safeguarded information technology IT assets
https://www.osc.ny.gov/local-government/audits/county/2020/11/25/cayuga-county-soil-and-water-conservation-district-information-technologyThe Cost of Living in New York City: Transportation
Fueled by inflation, transportation prices in the New York City metropolitan area rose by almost two times as much as overall costs between 2019 and 2022, growing by over 21 percent. Since then, prices have come down.
https://www.osc.ny.gov/files/reports/pdf/report-16-2025.pdfVendRep System Guide for Vendors
… for review by authorized New York State Contracting Entity users. As a vendor you can: Electronically complete, … roles may be added or removed as needed by your entity's Business Authorizer. Administrator Creates and … and certified questionnaires, Additional Business Entity Identities and Authorized Contacts. Notification …
https://www.osc.ny.gov/state-agencies/contracts/vendrep-system-guide-vendorsDiNapoli: L.I.C., Sunnyside and Woodside Are Drivers of Economic Growth in Queens
… The neighborhoods of Long Island City (L.I.C.), Sunnyside and Woodside in northwest Queens have their own … Congresswoman Nydia M. Velázquez said: “Long Island City, Sunnyside, and Woodside truly capture the spirit of New York. … opportunities are shaping and reshaping Long Island City, Sunnyside, and Woodside. These changes have brought energy …
https://www.osc.ny.gov/press/releases/2025/09/dinapoli-lic-sunnyside-and-woodside-are-drivers-economic-growth-queensDiNapoli: Positive Fiscal Outlook for Plattsburgh
… A steady population, an expanding tax base and a diverse economy have helped establish a stable … A steady population an expanding tax base and a diverse economy have helped establish a stable …
https://www.osc.ny.gov/press/releases/2014/05/dinapoli-positive-fiscal-outlook-plattsburghNYSLRS Announces Employer Contribution Rates for Retirement System for 2021-22
… for the Police and Fire Retirement System (PFRS). NYSLRS is made up of these two systems, which pay service and … actuarial assumptions recommended by NYSLRS’s actuary, who is required to complete an annual report. The recommendations … fund’s assumed rate from 7 percent to 6.8 percent. This is the third time he has lowered this rate since becoming …
https://www.osc.ny.gov/press/releases/2020/09/nyslrs-announces-employer-contribution-rates-retirement-system-2021-22DiNapoli Announces Latest Fiscal Stress Scores
… (Putnam) and Schroeppel (Oswego), and the City of Poughkeepsie (Dutchess), which were designated as … 2023, including the cities of Albany, Little Falls, and Poughkeepsie. Additionally, five local governments (the cities of Albany and Poughkeepsie, the villages of Chateaugay and Coxsackie, and …
https://www.osc.ny.gov/press/releases/2024/10/dinapoli-announces-latest-fiscal-stress-scoresDiNapoli Releases November State Cash Report
… or 2.4 percent, from the same period last year, according to the state cash report issued today by State Comptroller Thomas P. DiNapoli. Year-to-date tax collections of nearly $45.2 billion were $23.3 … the latest projections included in the mid-year update to the Financial Plan. The state also received $273 million …
https://www.osc.ny.gov/press/releases/2016/12/dinapoli-releases-november-state-cash-report