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DiNapoli: State Faces Potential Budget Gaps
… New York state faces potential budget gaps in future years, according to an analysis of the state’s … is held to 2 percent, outyear gaps will occur beginning in SFY 2018-19. Based on DOB’s projections, DiNapoli’s report … $5 billion annually over the three fiscal years starting in state fiscal year (SFY) 2017-18. Total potential …
https://www.osc.ny.gov/press/releases/2016/07/dinapoli-state-faces-potential-budget-gapsSignal Maintenance, Inspections, and Testing
… performed signal maintenance, inspections, and testing in compliance with federal, State, agency, and manufacturer … for these tasks. Maintenance of signals is critical in preventing subway delays. On much of the current system, … Depending on the location of the signal, this can result in significant delays for commuters. Each section location …
https://www.osc.ny.gov/state-agencies/audits/2018/10/17/signal-maintenance-inspections-and-testingSelected Aspects of Leasing Practices for Real Estate Services Department and Port Commerce
… New Jersey has a tracking system that accurately accounts for all its properties, including all leases; whether it has … the development of major infrastructure, a modern port for the harbor shared by the two states, tunnel and bridge … to the world. These facilities provide a global connection for passengers and cargo. WTC – whose core functions …
https://www.osc.ny.gov/state-agencies/audits/2019/05/16/selected-aspects-leasing-practices-real-estate-services-department-and-port-commerceDiNapoli: Economic and Tax Collection Growth Slowing in New York City
… economic growth and conservative tax revenue forecasts in recent years,”DiNapoli said. “While the city’s economy is … and the City Council for increasing the city’s reserves in recent years.” Nationwide job growth during the first half … any year since 2010. The U.S. economy grew by 2.6 percent in 2015, but most economists expect growth to slow to less …
https://www.osc.ny.gov/press/releases/2016/08/dinapoli-economic-and-tax-collection-growth-slowing-new-york-cityNYC Finances Remain Strong But Out-Year Budget Gaps Have Grown
… New York City's economy is on pace to add more than 72,000 jobs in 2018 and the unemployment rate has fallen to 4.2 percent, …
https://www.osc.ny.gov/press/releases/2018/07/nyc-finances-remain-strong-out-year-budget-gaps-have-grownChanges in Federal Policies Pose Significant Risks for New York City's Budget
… Projected budget gaps for New York City in the coming years appear manageable, but … that could be used to narrow the budget gaps if not needed for other purposes. The city’s financial plan has a general … and leisure and hospitality sectors, which have accounted for 60 percent of the gains. Job growth, though slowing, is …
https://www.osc.ny.gov/press/releases/2017/12/changes-federal-policies-pose-significant-risks-new-york-citys-budgetDiNapoli: Report Warns of Growing State Debt
… However, the state has used various mechanisms, including public authorities, to circumvent both the constitutional and … earlier. $47.2 billion of state-supported debt issued by public authorities, which increased $6 billion, or 14.5 … constitution to ban the issuance of state-funded debt by public authorities and other entities, to allow multiple …
https://www.osc.ny.gov/press/releases/2017/12/dinapoli-report-warns-growing-state-debtDiNapoli: Environmental Protection Fund Spending Reflects Historic State Commitment
… and waterfronts, are at an all-time high, but spending in future years is expected to require additional resources … DiNapoli said. "Historic high levels of EPF spending in recent years underscore the fund's vital role in preserving the environment for all New Yorkers. We must …
https://www.osc.ny.gov/press/releases/2018/03/dinapoli-environmental-protection-fund-spending-reflects-historic-state-commitmentState Comptroller DiNapoli Releases Audits
… Manual (2021-S-22) Williamsburg, a New York City-based not-for-profit organization, is authorized by the State Education … disabilities who are between the ages of 3 and 5 years. For the 3 fiscal years ended June 30, 2019, Williamsburg … reported approximately $11 million in reimbursable costs for the SED preschool cost-based program. Auditors identified …
https://www.osc.ny.gov/press/releases/2023/03/state-comptroller-dinapoli-releases-auditsOpinion 90-24
… of the municipality unless a state or local law provides for the delegation of that authority. As noted, Local Finance …
https://www.osc.ny.gov/legal-opinions/opinion-90-24DiNapoli: Audits Find Certain IDAs Lack Job Creation Data
… that were reviewed contained recapture provisions. For example, one business received more than $600,000 in tax … was not held accountable. Officials billed one business for payments in lieu of taxes (PILOTs) using an agreement … County IDA Officials do not adequately monitor projects for compliance with job creation and retention goals. The …
https://www.osc.ny.gov/press/releases/2015/04/dinapoli-audits-find-certain-idas-lack-job-creation-dataDiNapoli: Fairport Audits Reveal Unauthorized Practices for Economic Development Agencies
… accounts, and combined and inaccurate accounting records for the FIDA, the FURA and the Village of Fairport Local … 2014. FIDA also improperly gifted $143,000 to the FLDC for the completion of a project. FIDA granted two additional … contribution to the village in 2014 but had no basis for the budgeted amount or contract stipulating services to …
https://www.osc.ny.gov/press/releases/2016/03/dinapoli-fairport-audits-reveal-unauthorized-practices-economic-development-agenciesAudit of ESDC Finds Few Measurable Results for $211 Million State Advertising Contract
… contract to promote economic development and tourism in New York state with no tangible results, according to an audit … and show the public actual results,” DiNapoli said. “ESDC’s attempts to measure the results of this advertising …
https://www.osc.ny.gov/press/releases/2015/05/audit-esdc-finds-few-measurable-results-211-million-state-advertising-contractState Comptroller DiNapoli Releases Municipal & School Audits
… certified. Officials also accepted incomplete time records for processing payroll and none of the 67 timecards reviewed contained all punches for time in/out. Additionally, inaccurately calculated … collection records and staff did not issue receipts for collections or maintain inventory records for the …
https://www.osc.ny.gov/press/releases/2023/07/state-comptroller-dinapoli-releases-municipal-school-audits-1Investors Reach Settlement with Wynn Resorts
… Thomas P. DiNapoli announced today. “We filed our lawsuit in response to serious and repeated allegations of sexual … it,” DiNapoli said. “We are gratified that the reforms in this agreement and those undertaken following the … of behavior, and this agreement is a major step forward in protecting employees and shareholders from future harm.” …
https://www.osc.ny.gov/press/releases/2019/11/investors-reach-settlement-wynn-resortsState Comptroller DiNapoli and Department of Financial Services Superintendent Harris Designate New Banking Development District Branch To Support Community Banking in Red Hook
… play a vital role in fostering financial stability and economic growth for residents and small businesses alike. I …
https://www.osc.ny.gov/press/releases/2025/03/state-comptroller-dinapoli-and-department-financial-services-superintendent-harris-designate-newEast Ramapo Central School District – Budget Review (B25-5-2)
The purpose of our budget review was to determine whether the significant revenue and expenditure projections in the Districts adopted 202425 budget were reasonable
https://www.osc.ny.gov/local-government/audits/school-district/2025/04/03/east-ramapo-central-school-district-budget-review-b25-5-2Financial Empowerment Resources for New Yorkers
… and education to make informed decisions with their money. In the wake of economic hardships caused by the pandemic, … tool to open an investigation. Report Identity Theft and Get a Recovery Plan (Federal Trade Commission) – If you … of fraud involving taxpayer money on our website. Get Assistance for Seniors, People With Disabilities, …
https://www.osc.ny.gov/financial-literacyXIV.4.C Bank Account Reporting and Reconciliations – XIV. Special Procedures
… To review these financial reports of depositories for funds of the State of New York, please visit the … and book balances of all accounts to determine the reasons for any differences and to correct any errors in the … balances to the Commissioner of Taxation and Finance for publication in the New York State Register (discussed …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xiv/xiv4c-bank-account-reporting-and-reconciliationsHousing Trust Fund Corporation: Internal Controls Over and Maximization of Federal Funding for Community Development Block Grant & HOME Investment Partnerships Programs (2021-S-10)
To determine whether Homes and Community Renewal has established and maintains adequate internal controls to oversee and monitor the federally funded Community Development Block Grant program and HOME Investment Partnerships Program to ensure they meet requirements, and whether ...
https://www.osc.ny.gov/files/state-agencies/audits/pdf/sga-2022-21s10.pdf