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Changes 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 tax changes and … by State Comptroller Thomas P. DiNapoli. "Major shifts in federal fiscal policies constitute the greatest risk to … may lie ahead, depending on the effects of what happens in Washington." The November update to the city’s four-year …
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
… debt is projected to reach $63.7 billion at the end of the current fiscal year and to increase over the following … once again called for reforms to New York's use of debt, including voter approval of borrowing and better capital planning for infrastructure …
https://www.osc.ny.gov/press/releases/2017/12/dinapoli-report-warns-growing-state-debtDiNapoli: Environmental Protection Fund Spending Reflects Historic State Commitment
… are at an all-time high, but spending in future years is expected to require additional resources beyond the EPF's … The General Fund, the state's primary operating fund, is used as a resource for responding to various budgetary … pressures and the state's statutory debt capacity is now constrained. Historically, the EPF's cash …
https://www.osc.ny.gov/press/releases/2018/03/dinapoli-environmental-protection-fund-spending-reflects-historic-state-commitmentState Comptroller DiNapoli Releases Audits
… (2022-F-26) The New York City Department of Education (DOE) is responsible for evaluating students to determine … A prior audit, issued in May 2019, found that the DOE had difficulty meeting the required 60-day time frame for … . Under State Comptroller DiNapoli’s open data initiative, search millions of state and local government financial …
https://www.osc.ny.gov/press/releases/2023/03/state-comptroller-dinapoli-releases-auditsOpinion 90-24
… on the issues discussed in the opinion. PUBLIC OFFICERS AND EMPLOYEES -- Powers and Duties (delegation of authority to hire bond counsel) BONDS AND NOTES -- Bond Counsel (delegation of authority to hire) …
https://www.osc.ny.gov/legal-opinions/opinion-90-24DiNapoli: Audits Find Certain IDAs Lack Job Creation Data
… local Industrial Development Agencies (IDAs) do not verify if businesses receiving tax breaks are actually meeting job … are delivering on their promises and take back benefits if they are not. My office will continue to scrutinize the … of these entities so that residents can better determine if their local IDA is fulfilling its mission.” 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
… granting $1 million worth of inappropriate gifts and commercial loans, according to an audit released today by … of a project. FIDA granted two additional unauthorized commercial loans of approximately $187,000. Questionable … expenses and not those of other entities; Cease making commercial loans directly or through the FLDC using FIDA …
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
… of the contract to $211.5 million. Of this, $36.5 million was targeted to promote tourism and business in the wake of … and found the state’s procurement and legal process was followed. The purpose of DiNapoli’s audit, which covered December 2011 to November 2014, was to determine if ESDC received the services it paid for …
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
… of how many people attended the event. Town of Johnsburg – North Creek Water District Charges (Warren County) Town officials did not effectively manage the North Creek Water District's billing of water charges. This … Heuvelton Central School District – Procurement (St. Lawrence County) District officials did not always comply …
https://www.osc.ny.gov/press/releases/2023/07/state-comptroller-dinapoli-releases-municipal-school-audits-1Investors Reach Settlement with Wynn Resorts
… Relationships and Potential Conflicts of Interest Policy; Spa and Salon Policy; and Code of Personal Conduct. Other …
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
… A. Harris today announced the approval of Spring Bank’s Red Hook Branch as a Banking Development District (BDD) and … now a designated branch within the previously designated Red Hook BDD. To encourage participation in the BDD program, … Comptroller Thomas P. DiNapoli said , “The residents of Red Hook shouldn’t have to travel outside the community to …
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)
… Purpose of Budget Review The purpose of our budget review was to determine whether the significant revenue and … increase, or $6.8 million, to the 2024-25 tax levy, which was ultimately approved by the Board in August 2024. SED’s … or approximately $166,000 in additional revenue that was not budgeted. The budget included non-resident tuition …
https://www.osc.ny.gov/local-government/audits/school-district/2025/04/03/east-ramapo-central-school-district-budget-review-b25-5-2Great Neck Park District – Capital Assets (2025M-27)
… [read complete report – pdf] Audit Objective Did Great Neck Park District (District) officials properly record and … Did Great Neck Park District District officials properly record and …
https://www.osc.ny.gov/local-government/audits/district/2025/12/12/great-neck-park-district-capital-assets-2025m-27Selected Aspects of Leasing Practices for Real Estate Services Department and Port Commerce
… Objective To determine whether the Port Authority of New York and New Jersey has a tracking system that accurately accounts for … To determine whether the Port Authority of New York and New Jersey has a tracking system that accurately accounts for …
https://www.osc.ny.gov/state-agencies/audits/2019/05/16/selected-aspects-leasing-practices-real-estate-services-department-and-port-commerceDiNapoli: State Faces Potential Budget Gaps
… an analysis of the state’s Financial Plan released today by State Comptroller Thomas P. DiNapoli. The budget gaps … spending is expected to rise 2.4 percent this year, then by an average 4.5 percent the following three years. Spending … Plan projects tax receipts this year will increase by 3.3 percent, down from the previous year’s 5.1 percent. …
https://www.osc.ny.gov/press/releases/2016/07/dinapoli-state-faces-potential-budget-gapsXIV.4.C Bank Account Reporting and Reconciliations – XIV. Special Procedures
… Monthly Reporting Requirement Pursuant to §107 of the State Finance Law, the Commissioner of Taxation and Finance … a detailed statement of all balance(s) on deposit in any bank account under the administrative control of any state … The Commissioner of Taxation and Finance is required to publish in the State …
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.pdfDiNapoli: New York City's Tech Sector Is Booming
… New York state's technology sector is the third largest and among the fastest growing in the … The opening of the Cornell Tech campus on Roosevelt Island is an exciting example of the public and private sectors … jobs report demonstrates just how critical diversity is to New York's employment success, and particularly in the …
https://www.osc.ny.gov/press/releases/2017/09/dinapoli-new-york-citys-tech-sector-boomingDiNapoli: Monroe County Failed to Monitor Contractor Operating Golf Courses, Costing Taxpayers
Monroe County officials failed to properly manage or enforce the countys contract with Tindale Inc for the operation of the countys three golf courses allowing the vendor to retain nearly $250000 that should have been spent on improving the courses even as the operator drifted toward insolvency
https://www.osc.ny.gov/press/releases/2014/08/dinapoli-monroe-county-failed-monitor-contractor-operating-golf-courses-costing-taxpayersComptroller DiNapoli Releases Municipal Audits
… County) The district board did not ensure that competition was sought when procuring goods and services not subject to … the company treasurer fulfilled his duties. The treasurer was allowed to pay bills and make cash withdrawals without … reliable and the monthly financial reporting to the board was adequate. Collections were deposited intact and were …
https://www.osc.ny.gov/press/releases/2014/04/comptroller-dinapoli-releases-municipal-audits-0