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New Yorkers in Need: A Look at Poverty Trends in New York State for the Last Decade

… experienced less of a decline. Rockland County was the only county for which there was a statistically significant … so that poverty for this group was 12.2 percent in 2021, only 1.7 percentage points lower than for the whole State … so that poverty for this group was 12.2 percent in 2021, only 1.7 percentage points lower than for the whole State …

https://www.osc.ny.gov/reports/new-yorkers-need-look-poverty-trends-new-york-state-last-decade

DiNapoli: NYC's 2024 Budget Balanced, but Risks Loom

… monies in its rainy-day fund. New York City is the only one of America’s 10 largest cities that does not have a …

https://www.osc.ny.gov/press/releases/2023/08/dinapoli-nycs-2024-budget-balanced-risks-loom

Borrowing Against Your Contributions – Special 20- and 25-Year Plans

… you can take a loan from NYSLRS. If you aren’t required to contribute (determined by your tier and retirement plan), … Tier 2 and 3 (Article 11) Members The following rules apply when borrowing against your contributions: You must be … are fully insured in case you die before repaying them. How Much You Can Borrow The minimum loan is $25. The maximum …

https://www.osc.ny.gov/retirement/publications/1517/borrowing-against-your-contributions

What is a Defined Benefit Plan?

… As a NYSLRS member, you are part of a defined benefit plan , … by many private employers. Perhaps the greatest benefit is that, once you meet the minimum age and service … may pay a set amount; or they may “match” all or part of what an employee contributes. Investments Contributions from …

https://www.osc.ny.gov/retirement/members/defined-benefit-plan

Planning

… of where you are and what you would like your life to be in the future. However, having goals is one thing — … to do. You need to determine how much income you will need in retirement. The first step is to draw up a list of all … Security income of 20 percent of pre-retirement earnings. In our example, the combination of Social Security and …

https://www.osc.ny.gov/retirement/members/planning

NYC Budget Is Balanced but Risks Are Growing

… the budget are prudent.” The city added a total of 820,400 jobs between 2009 and 2018, the largest and longest job … or to narrow the projected budget gaps. The most immediate risk to the city’s finances is the potential impact of the … of uncertainty in the city’s tax projections. The largest risk to the budget remains the potential for an economic …

https://www.osc.ny.gov/press/releases/2019/03/nyc-budget-balanced-risks-are-growing

DiNapoli: NYC Forecasts $965 Million Surplus Fueled by Federal Aid

… of $965 million in the fiscal year ending in June 2022 (FY 2022), based largely on the receipt of $750 million in … began. Pension investment returns of nearly 26% in FY 2021 reduced the city’s pension liability and associated … Outyear gaps, which averaged $4 billion annually from FY 2023 through FY 2025 in the adopted budget in June 2021, …

https://www.osc.ny.gov/press/releases/2021/12/dinapoli-nyc-forecasts-965-million-surplus-fueled-federal-aid

Course Offerings

… City University of New York (CUNY) is effectively matching course offerings to student demand. Our audit covered the … there is no system-wide policy specifying when additional course sections should be added. Instead, departments at each … officials at the five senior colleges and were told that course schedules are established using enrollment data from …

https://www.osc.ny.gov/state-agencies/audits/2020/09/01/course-offerings

New 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-9-2020

DiNapoli Releases November State Cash Report

State tax collections through November declined $11 billion or 24 percent from the same period last year according to the state cash report issued today by State Comptroller Thomas P DiNapoli

https://www.osc.ny.gov/press/releases/2016/12/dinapoli-releases-november-state-cash-report

DiNapoli Releases August State Cash Report

… offset by lower personal income tax collections (down $1.3 billion, or 7.1 percent). All Funds spending totaled $62.4 billion through … was $850.5 million below the latest projections, and $1.8 billion below initial projections in the Enacted Budget …

https://www.osc.ny.gov/press/releases/2017/09/dinapoli-releases-august-state-cash-report

CUNY Bulletin No. CU-203

… Affected Employees CUNY Professional Staff employees in Bargaining Unit T8 Background The 2000 - 2002 Memorandum … and twenty hours (120) constitutes the number of hours in one month used to determine the hourly rate. The … will be calculated automatically based on the salary rate in effect on the Earnings End Date, the agency must break …

https://www.osc.ny.gov/state-agencies/payroll-bulletins/city-university-new-york/cu-203-summer-payment-cuny-department-chairpersons

DiNapoli Releases April State Cash Report

… $10.5 billion in April, $2.8 billion higher than last year for the same period, primarily because of a $1.8 billion … last year. Other significant increases include spending for public health programs (up $376 million primarily because … The cash report focuses primarily on the General Fund and All Governmental Funds. The General Fund is the major …

https://www.osc.ny.gov/press/releases/2016/05/dinapoli-releases-april-state-cash-report

Higher Education – 2021 Financial Condition Report

… year before were 2.0 and 0.5 percent, respectively. Online course enrollment for the State University of New York (SUNY) … the 2019-20 academic year, an estimated 297,661 students received State Tuition Assistance Program (TAP) awards, totaling $838.3 million. New York State also provided …

https://www.osc.ny.gov/reports/finance/2021-fcr/higher-education

Standardized Forms – Travel and Conference Expense Management

… to the accuracy of the information presented on the form. Sample travel forms can be viewed at the Office of the New … State while on official business. Form ST-129 (Exemption Certificate) should be presented to hotels upon registration. …

https://www.osc.ny.gov/local-government/publications/travel-conference-expense/standardized-forms

New York’s Agriculture Industry: A Resilient Part of State and Local Economies

… farm workers went into effect. These standards required payment of overtime for hours worked over 60 hours per week …

https://www.osc.ny.gov/reports/new-yorks-agriculture-industry-resilient-part-state-and-local-economies

City of Johnstown – Information Technology (2020M-127)

… City, such as reputation damage, lawsuits, a disruption in operations or a security breach. City officials did not: …

https://www.osc.ny.gov/local-government/audits/city/2021/03/19/city-johnstown-information-technology-2020m-127

Mount Pleasant Central School District – Information Technology User Accounts (2021M-31)

… officials established adequate controls over user accounts in order to prevent unauthorized use, access and/or loss. Key … officials established adequate controls over user accounts in order to prevent unauthorized use access andor loss …

https://www.osc.ny.gov/local-government/audits/school-district/2021/07/16/mount-pleasant-central-school-district-information-technology-user