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NYS Common Retirement Fund Reports Second Quarter Results
… State Common Retirement Fund’s (Fund) estimated return in the second quarter of the State Fiscal Year (SFY) 2020-21 … strong and well-diversified, but gains are clearly fragile in this volatile financial climate. Wall Street continued to exceed expectations in the quarter, but Main Street is suffering. Our economy …
https://www.osc.ny.gov/press/releases/2020/11/nys-common-retirement-fund-reports-second-quarter-resultsOpinion 91-9
… §75 to include in its annual estimate a reasonable amount for general contingent purposes. A city council of a city of … purposes. The city council may be authorized to make such increases, however, by local law subject to mandatory … authorize the city council to increase, decrease or reject salary items in the annual estimate submitted by the board of …
https://www.osc.ny.gov/legal-opinions/opinion-91-9Opinion 95-27
… of State aid to education paid to a school district as a result of a court order or judgment will be barred unless the … be barred or reduced where such payment is required as a result of a court order or judgment . . .". Chapter 82 … provides that: [a]ny payment which would be due as the result of a court order or judgment shall not be barred, …
https://www.osc.ny.gov/legal-opinions/opinion-95-27DiNapoli: Some NYC Schools Failing to Report Violent, Disruptive Incidents
… instances there was no documentation that staff looked for them or brought them back to their classrooms or that the … The audit checked the 10 schools' incident reports for the 2011-2012 and 2012-2013 schools years. During that … include: 50 incidents of assault with a physical injury, for example: At IS 27 in Staten Island, a student pushed …
https://www.osc.ny.gov/press/releases/2015/04/dinapoli-some-nyc-schools-failing-report-violent-disruptive-incidentsOpinion 89-8
… opinion. MUNICIPAL FUNDS -- Repair Reserve Fund (necessity for consent by the Office of the State Comptroller to … Park) SCHOOL DISTRICTS -- Repair Reserve Fund (necessity for consent by the Office of the State Comptroller to … in Adirondack Park) STATE COMPTROLLER -- Approval by (for establishment of repair reserve fund by school district …
https://www.osc.ny.gov/legal-opinions/opinion-89-8NYS Common Retirement Fund Announces Second Quarter Results
… of the state fiscal year 2017-2018 was 3.67 percent for the three-month period ending Sept. 30, 2017, with an … that provide consistent returns and retirement security for our members, retirees and beneficiaries for decades to come." The Fund's estimated value reflects …
https://www.osc.ny.gov/press/releases/2017/11/nys-common-retirement-fund-announces-second-quarter-resultsNew Funding Needed for MTA Improvements to Prevent Unplanned Fare and Toll Hikes
… If new funding sources for the Metropolitan Transportation Authority (MTA) are not identified, the authority may have to raise fares and tolls faster than planned to improve a system that has … stations, repair shops, pumps and emergency ventilation equipment have not been restored to a state of good repair, …
https://www.osc.ny.gov/press/releases/2017/11/new-funding-needed-mta-improvements-prevent-unplanned-fare-and-toll-hikesDiNapoli: State Tax Collections Outperform Budget Division Projections for 2023-24
… Tax collections for State Fiscal Year (SFY) 2023-24 totaled $106.4 billion, … estimates through the end of SFY 2024-25. Tax collections for SFY 2023-24 were $5.2 billion lower than the previous … State policy makers should ensure that the enacted budget for State Fiscal Year 2024-25 accounts for such risk.” Tax …
https://www.osc.ny.gov/press/releases/2024/04/dinapoli-state-tax-collections-outperform-budget-division-projections-2023-24DiNapoli: MTA Budget Gaps Return
… on riders returning systemwide and the MTA’s best option for achieving that is increased safety, reliability, and … expected, the authority has had to lower its expectations for farebox revenue. While paid ridership in June 2024 was at … year. Increased toll revenue, however, has not made up for slow farebox growth, forcing the MTA to budget for $811 …
https://www.osc.ny.gov/press/releases/2024/10/dinapoli-mta-budget-gaps-returnIX.10.C Federal Treasury Offset Program (TOP) Agency Responsibilities – IX. Federal Grants
… Immediately upon receipt of an invoice for goods or services provided by a federal government … that referred the debt to the Department of Treasury for collection. If the state agency believes the debt … contact the federal agency that referred the debt for collection. Affected state agencies are responsible for …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix10c-federal-treasury-offset-program-top-agency-responsibilitiesState Agencies Bulletin No. 2253
… Eligible (BU01) and Non-Arbitration Eligible (BU21) Retroactive 3% Salary Increases for Employees in the SSU Represented by …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2253-april-2023-and-april-2024-retroactive-3-salary-increases-arbitrationDiNapoli Warns Changing Fiscal Landscape Could Increase Budget Challenges for Local Governments
… that has not kept pace with inflation and slower growth in local revenue may push some local governments closer to … revenue sources and how they have affected local budgets in recent years. “With pandemic aid coming to an end and … federal pandemic aid through a variety of programs in 2020, 2021 and 2022. The federal Coronavirus Aid, Relief …
https://www.osc.ny.gov/press/releases/2025/02/dinapoli-warns-changing-fiscal-landscape-could-increase-budget-challenges-local-governmentsOpen Educational Resources
… initiatives at its colleges to help defray textbook costs for students, and whether the OER initiatives adequately … and professional schools. The annual tuition in 2023 for a New York State resident pursuing a bachelor’s degree … is tasked with providing the oversight and infrastructure for distributing the OER funds. As of September 2024, CUNY’s …
https://www.osc.ny.gov/state-agencies/audits/2025/03/27/open-educational-resourcesDiNapoli: State Tax Collections Outperform Projections for State Fiscal Year 2024-25
… higher than forecast by the Division of the Budget (DOB) in the SFY 2025-26 Executive Budget Financial Plan, according … $11.1 billion (10.4%) higher than the previous year, due, in part, to increased personal income tax (PIT) receipts … from calendar year 2024 which propelled bonuses paid in the final quarter of the fiscal year. “With the steady …
https://www.osc.ny.gov/press/releases/2025/04/dinapoli-state-tax-collections-outperform-projections-state-fiscal-year-2024-25State Agencies Bulletin No. 2339
… Eligible (BU01) and Non-Arbitration Eligible (BU21) Salary Increase for Employees in the Security Services Unit (SSU) Represented … Eligible (BU01) and Non-Arbitration Eligible (BU21) Salary Increases. The report will be sorted by Department ID, then …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2339-april-2025-3-salary-increases-arbitration-eligible-bu01-and-nonVillage of Leicester – Financial Management (2025M-7)
… a result, officials maintained unrestricted fund balance in the general and water funds totaling $729,709 and … plans that would have assisted the Board and officials in developing and adopting realistic budgets and planning for … and the State Comptroller’s authority as set forth in Article 3 of the New York State General Municipal Law. Our …
https://www.osc.ny.gov/local-government/audits/village/2025/05/09/village-leicester-financial-management-2025m-7RFP#0008 – Audit of OSC Internal Controls
… Request for Proposals Issued June 9, 2025 The Office of the State … other information as it becomes available, is available for download through the following links: Request for Proposals , in PDF Forms Only , in MS Word format …
https://www.osc.ny.gov/procurement/rfp0008Controls Over the Empire State Supportive Housing Initiative (2022-S-22) 180-Day Response
To determine whether controls over the Empire State Supportive Housing Initiative (ESSHI) are sufficient to ensure the needs of high-risk target populations are being met, and whether providers deliver the services that are required in their contracts with State agencies.
https://www.osc.ny.gov/files/state-agencies/audits/pdf/sga-2024-22s22-response.pdfImproving the Effectiveness of Your Claims Auditing Process
This session will assist local officials in learning how to establish an effective and efficient claims processing system. A well-designed system ensures proper use of municipal resources, provides local officials with useful information and complies with all applicable laws and regulations.
https://www.osc.ny.gov/files/local-government/academy/pdf/improving-effectiveness-claims-processing-020724.pdfPandemic Planning and Care for Vulnerable Populations (2021-S-9)
To determine whether the Office for People With Developmental Disabilities (OPWDD) adequately addressed the needs of the vulnerable population it serves in its emergency plans and took appropriate actions to care for this vulnerable population during the COVID-19 pandemic.
https://www.osc.ny.gov/files/state-agencies/audits/pdf/sga-2023-21s-9.pdf