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DiNapoli: $10 Million Ponzi Scheme Unraveled Following Nassau County District Attorney Investigation
… alleged collaborator, a financial advisor from Syosset, for allegedly scamming at least 40 people – many seniors – … and the United States Postal Inspection Service for their continued partnership and diligence in exposing … said that beginning in January 2015, an elderly victim for whom Eckstein worked as a personal accountant and …
https://www.osc.ny.gov/press/releases/2018/09/dinapoli-10-million-ponzi-scheme-unraveled-following-nassau-county-district-attorney-investigationDiNapoli: Oil Spill Fund Reaches New Agreements With St. Lawrence County
… of these agreements continue to pay long-term dividends for residents of the North Country." The Oil Spill Fund, … (DEC) and the Office of the Attorney General (OAG), pays for the cleanup of petroleum contamination when the parties … and Spill Compensation Fund is reaping great benefits for our communities," said St. Lawrence County Board of …
https://www.osc.ny.gov/press/releases/2018/08/dinapoli-oil-spill-fund-reaches-new-agreements-st-lawrence-countyFormer Head of Niagara Falls Housing Authority Pleads Guilty to Stealing Government Funds; Son and Daughter-in-Law Also Convicted
… and Urban Development's Inspector General, and the FBI for their diligent work in the fight against public … support and charity-oriented philanthropic initiatives for residents in Niagara County. Allen and Fredia Cowart, on … October 1, 2013 for the duration of the school year. The salary associated with this appointment was $23 an hour. …
https://www.osc.ny.gov/press/releases/2017/12/former-head-niagara-falls-housing-authority-pleads-guilty-stealing-government-funds-son-and-daughterComptroller DiNapoli: Schools Must Do More to Limit Access to Sensitive Student Databases
… steps to: Establish written policies and procedures for student information system administration including a … or change user accounts and rights and procedures for monitoring user access; Ensure that individuals are … to show who authorized the grade change and the reason for the change; Remove all unknown/generic or shared student …
https://www.osc.ny.gov/press/releases/2014/08/comptroller-dinapoli-schools-must-do-more-limit-access-sensitive-student-databasesDiNapoli: Many SUNY Campus Foundations Operating Without Contracts or Proper Oversight
… to contract with foundations, which are private, not-for-profit corporations, to support fundraising efforts, real … that ends June 30 and found that in addition to a state salary, 20 were paid nearly $1.8 million by UBF. Four of … and UBF. For example, one individual received a state salary of $351,438 while also receiving $308,453 from the …
https://www.osc.ny.gov/press/releases/2018/02/dinapoli-many-suny-campus-foundations-operating-without-contracts-or-proper-oversightDiNapoli Announces $2B Strategic Partnership With Goldman Sachs Asset Management For Global Equity Investments
… Fund’s return. The partnership is the first of its kind for the Fund. “This innovative partnership gives the New York … Strategic Partnership with CRF is a landmark assignment for GSAM and we appreciate the confidence CRF has placed in …
https://www.osc.ny.gov/press/releases/2014/09/dinapoli-announces-2b-strategic-partnership-goldman-sachs-asset-management-global-equity-investmentsDiNapoli: Funds Dedicated for Highway & Bridge Capital Projects Continue to be Diverted for Operating and Debt Costs
… Highway and Bridge Trust Fund continues to be diverted for non-capital purposes, leaving critical highway and bridge … than three-quarters of this money is siphoned off to pay for borrowing and operating costs of state agencies, leaving fewer dollars for improving our infrastructure,”DiNapoli said. “While the …
https://www.osc.ny.gov/press/releases/2014/02/dinapoli-funds-dedicated-highway-bridge-capital-projects-continue-be-diverted-operating-and-debtOpinion 91-24
… and the manner in which the outside users may be charged for that service. You indicate that, some years ago, a trunk … or village or with one or more corporations or individuals for the joint disposal of sewage, and the expense of such … of a county sewer district, is authorized to contract "... for the collection, conveyance, treatment or disposal of …
https://www.osc.ny.gov/legal-opinions/opinion-91-24Opinion 91-21
… views if, among other things, there have been subsequent court cases or statutory amendments that bear on the issues … or to waive) COUNTY LAW, §§201, 215(3); SURROGATE'S COURT PROCEDURE ACT, §1219: A county chief fiscal officer is … Estate of Mary Ellen Fraad , NYLJ, March 29, 1990, p. 30, col. 5; County Law, §215[3]). Alternatively, the chief …
https://www.osc.ny.gov/legal-opinions/opinion-91-21DiNapoli: 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. … revenue collections as well as an increase in demand for services needed to support the local economy and help … by an estimated $1.7 billion in FY 2023 (including retroactive pay) and grow to $4.6 billion in FY 2026, with …
https://www.osc.ny.gov/press/releases/2022/12/dinapoli-nyc-financial-plan-improved-juneDiNapoli: Former Morley Fire Company Treasurer Ordered to Pay $50,000 for Theft of Public Funds
… P. DiNapoli today announced that the former treasurer of the Morley Volunteer Fire Co., Cindi Perkins, was … with the money. Perkins was sentenced in St. Lawrence County Court by Judge Gregory P. Storie. Since taking office in …
https://www.osc.ny.gov/press/releases/2024/01/dinapoli-former-morley-fire-company-treasurer-ordered-pay-50000-theft-public-fundsDiNapoli: 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 …
https://www.osc.ny.gov/press/releases/2024/02/dinapoli-new-york-citys-budget-outlook-improvesDiNapoli: MTA Avoided A Fiscal Crisis, Now It Has To Convince Riders To Come Back
… In a turnaround from the fiscal crisis it faced a year ago, the Metropolitan Transportation Authority (MTA) … savings plans before the end of 2023 and explain to riders what impact the savings may have on service. Overtime costs … maintenance positions, which has exceeded separations in 20 of the last 25 months. Ridership The MTA projects it will …
https://www.osc.ny.gov/press/releases/2023/10/dinapoli-mta-avoided-fiscal-crisis-now-it-has-convince-riders-come-backDiNapoli: More School Districts Take Initial Steps to Exceed Tax Cap
… plans to override the tax cap. Property tax levy growth for school districts is capped at 0.12 percent above current levels for the 2016-17 fiscal year. “School districts are feeling … to local governments beginning in 2012, limits tax levy increases to the lesser of the rate of inflation or 2 percent …
https://www.osc.ny.gov/press/releases/2016/03/dinapoli-more-school-districts-take-initial-steps-exceed-tax-capPension Fund Makes Progress on Board Diversity
… company growth," DiNapoli said. "The Fund commends GoPro for its willingness to formalize its commitment to diversity …
https://www.osc.ny.gov/press/releases/2017/03/pension-fund-makes-progress-board-diversityDiNapoli: New State Funds Open Door for MTA to Ease Debt, Build Stronger Future Budgets
… a safe, reliable and on-time transit system.” The state’s increase in the payroll mobility tax will provide the MTA … $1.8 billion more (58% higher) than in 2022. Much of this increase is expected to be funded by the capital lockbox, …
https://www.osc.ny.gov/press/releases/2023/05/dinapoli-new-state-funds-open-door-mta-ease-debt-build-stronger-future-budgetsPublic-Private Partnerships Potentially a "Good Option" but Financial Risks for Taxpayers Must Be Addressed
… As New York state grapples with cost-effective solutions for its estimated $250 billion in infrastructure needs over … said. “The big question is, how are we going to pay for that? Public-private partnerships are a good option to … with unwarranted costs such as excessive fees and toll increases. Unrealistic expectations and poorly drafted …
https://www.osc.ny.gov/press/releases/2011/01/public-private-partnerships-potentially-good-option-financial-risks-taxpayers-must-be-addressedDiNapoli Releases Analysis of State Financial Plan
… the Division of the Budget (DOB) projects fiscal stability for the next five years and includes plans to bolster rainy … actions, including temporary personal income tax (PIT) increases on high earners, creates additional risk. In 2019, … Over the life of the Financial Plan, temporary tax rate increases in PIT and corporate franchise taxes and largely …
https://www.osc.ny.gov/press/releases/2022/07/dinapoli-releases-analysis-state-financial-planXIV.5 Employee Award Programs – XIV. Special Procedures
… Business Unit personnel should be aware of in planning for employee award programs and the requirements of the Office of the State Comptroller (OSC) for approving payment for these types of programs. This section addresses Cash and …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xiv/xiv5-employee-award-programsDiNapoli: Federal Aid, Increasing Tax Revenues and Savings Boost New York City's Surplus
… The city’s financial position gives it an opportunity to increase its prepayments of FY 2023 spending, enhance its … to rise in FY 2023 by $1.5 billion from the prior year, an increase of $848 million from the November plan projection, with an anticipated increase in total property valuation of more than 8%. The …
https://www.osc.ny.gov/press/releases/2022/03/dinapoli-federal-aid-increasing-tax-revenues-and-savings-boost-new-york-citys-surplus