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Public-Private Partnerships Potentially a "Good Option" but Financial Risks for Taxpayers Must Be Addressed
… but we have to ensure public assets are not squandered and taxpayers are protected.” Public-private partnerships are contracts between a public agency and a private sector entity that result in greater private sector participation in the financing and delivery of public services and facilities than is normal …
https://www.osc.ny.gov/press/releases/2011/01/public-private-partnerships-potentially-good-option-financial-risks-taxpayers-must-be-addressedComptroller DiNapoli and A.G. Schneiderman Announce Criminal Charges Over Alleged Theft of $78,000 in New York State Pension Benefits
… Fitzpatrick is alleged to have stolen over $78,000 in pension benefits from the New York State and Local Employees Retirement System, payable to his deceased … message: if you are accused of stealing from the state pension system, you will face stiff consequences," said …
https://www.osc.ny.gov/press/releases/2015/05/comptroller-dinapoli-and-ag-schneiderman-announce-criminal-charges-over-alleged-theft-78000-new-yorkDiNapoli Releases Analysis of State Financial Plan
… After two years of extraordinary volatility in state finances, the State Fiscal Year (SFY) 2022-23 Enacted Budget Financial … at the end of SFY 2021-22 to $19.4 billion in SFY 2024-25, which would result in reserve funds equal to 15% of State …
https://www.osc.ny.gov/press/releases/2022/07/dinapoli-releases-analysis-state-financial-planXVI.3.I Budgetary Presentation – XVI. Financial Reporting
The BFS issued by the State of New York include as required supplementary information Budgetary Basis Financial Plan and Actual Combined Schedule of Cash Receipts and Disbursements for the General Fund and the major Special Revenue Funds and Notes to Required Supplementary Information
https://www.osc.ny.gov/state-agencies/gfo/chapter-xvi/xvi3i-budgetary-presentationXI.2.K Authorized Signatures – XI. Procurement and Contract Management
… requires department heads to designate those individuals authorized to execute: Contracts on behalf of an agency where … types of transactions. For example, an individual may be authorized to sign a grant contract but not a construction … individuals for comparison purposes. To add a new signatory, an agency submits an original Form AC 1782-S to …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xi/xi2k-authorized-signaturesXII.3 Record Retention – Accounts Payable Vouchers and Land Claims – XII. Expenditures
… Section Overview and Policies: The purpose of this section is to provide … and must be available to OSC upon request throughout the life of the record retention schedule. In addition, certain agencies have programs that are subject to oversight …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xii/xii3-record-retention-accounts-payable-vouchers-and-land-claimsUse, Collection, and Reporting of Infection Control Data
… during the pandemic, the Department understated the number of deaths at nursing homes by as much as 50%. From …
https://www.osc.ny.gov/state-agencies/audits/2022/03/15/use-collection-and-reporting-infection-control-dataDiNapoli: $2.9 Billion Hole Threatens MTA’s Capital Program
… 2024. The slow return of subway ridership is predominantly in the outer boroughs, while major transit hubs continue to … longer afford to pay for the debt service on $9.8 billion in debt it had planned to issue for the transit and commuter … will move forward with the most ambitious capital program in its history, which it has barely been able to start, while …
https://www.osc.ny.gov/press/releases/2021/04/dinapoli-29-billion-hole-threatens-mtas-capital-programDiNapoli: 33.55 Percent Annual Investment Return for New York State Pension Fund Is Largest in Its History
… percent). The Fund’s long-term expected rate of return is 6.8 percent. Historic Fund Returns and Value Fund’s value … Retirement Fund The New York State Common Retirement Fund is the third largest public pension fund in the United …
https://www.osc.ny.gov/press/releases/2021/05/dinapoli-33-point-55-percent-annual-investment-return-new-york-state-pension-fund-largest-its-historyDiNapoli: Molson Coors Agrees to Disclose Political Spending
… Thomas P. DiNapoli, trustee of the Fund, announced today. In response to the agreement, the Fund withdrew its … company. “For too long, investors have been left in the dark on the extent of the reach of corporate dollars in politics,” DiNapoli said. “This new level of transparency …
https://www.osc.ny.gov/press/releases/2021/03/dinapoli-molson-coors-agrees-disclose-political-spendingDiNapoli Moves State Pension Fund Toward Net Zero Target, Restricts Investments in Oil Sands Companies
… The New York State Common Retirement Fund (Fund) will … that have not demonstrated that they are prepared for the transition to a low-carbon economy, New York State …
https://www.osc.ny.gov/press/releases/2021/04/dinapoli-moves-state-pension-fund-toward-net-zero-target-restricts-investments-oil-sands-companiesDiNapoli Releases December State Cash Report
… year with higher than expected revenue and spending coming in below expectations,” said DiNapoli. “However, with the … realistic and prepared for potential economic challenges in the coming year.” Tax collections in December totaled … DiNapoli has created several tools to allow the public to better track government spending, contracts and …
https://www.osc.ny.gov/press/releases/2016/01/dinapoli-releases-december-state-cash-reportComptroller DiNapoli & A.G. Schneiderman Announce Guilty Plea and Sentencing of Robert Wiesner in Bid-Rigging Case
… ROCHESTER – Comptroller Thomas P. DiNapoli and Attorney General Eric T. Schneiderman today announced the … “E” felony charge of Combination in Restraint of Trade and Competition in violation of General Business Law §§ 340 … dollar public works contracts in Monroe County. One of those contracts included a $212 million public safety …
https://www.osc.ny.gov/press/releases/2016/01/comptroller-dinapoli-ag-schneiderman-announce-guilty-plea-and-sentencing-robert-wiesner-bid-riggingDiNapoli: State Tax Collections Continue to Exceed Projections
… three months of the 2021-22 State Fiscal Year, according to the monthly State Cash Report released today by New York State Comptroller Thomas P. DiNapoli. “The state is …
https://www.osc.ny.gov/press/releases/2021/07/dinapoli-state-tax-collections-continue-exceed-projectionsState Agencies Bulletin No. 1852
… will be withheld at the Aggregate method. Employees whose Job status changed from Active to Inactive during 2020 will …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1852-procedures-reporting-taxable-value-personal-use-employer-providedDiNapoli: New Law Will Help Local Governments Weather Coronavirus Pandemic
… thanks State Comptroller DiNapoli for once again showing leadership in helping local governments achieve their goals of sound financial management, property tax control, and the effective provision … Association of Towns thanks Comptroller DiNapoli and his team for their great work on this legislation. It will go a …
https://www.osc.ny.gov/press/releases/2020/08/dinapoli-new-law-will-help-local-governments-weather-coronavirus-pandemicDiNapoli: Public Must Be Alerted to Sewer Overflow Problems
… with the reporting requirements. For the period from April 2017 to February 2020, auditors found that 83 (22 …
https://www.osc.ny.gov/press/releases/2020/10/dinapoli-public-must-be-alerted-sewer-overflow-problemsDiNapoli: Former West Carthage Housing Authority Executive Director and Mother Pled Guilty for Over $48,000 Theft
… Executive Director Jan Hoffman for stealing over $48,000 in WCHA funds, and Katherine (Katie) Pais, Hoffman’s mother and former WCHA consultant, for aiding in and concealing the scheme. “Hoffman and Pais brazenly … programs.” New York State Police Superintendent Steven G. James said, “The individuals charged in this case stole funds …
https://www.osc.ny.gov/press/releases/2024/06/dinapoli-former-west-carthage-housing-authority-executive-director-and-mother-pled-guilty-over-48000DiNapoli: Former Oneida City Chamberlain Arrested for Stealing More Than $78,000 in City Funds
… other things, social outings with friends and pull-tab games at the American Legion Hall in Oneida. The charges …
https://www.osc.ny.gov/press/releases/2022/10/dinapoli-former-oneida-city-chamberlain-arrested-stealing-more-78000-city-fundsDiNapoli: State Tax Receipts Through First Quarter Exceed Financial Plan Projections by $1.7 Billion
State tax receipts totaled $344 billion through the first quarter of State Fiscal Year 202223 exceeding the Division of the Budgets DOB Enacted Budget Financial Plan forecast by $17 billion according to the monthly State Cash Report released by State Comptroller Thomas P DiNapoli
https://www.osc.ny.gov/press/releases/2022/07/dinapoli-state-tax-receipts-through-first-quarter-exceed-financial-plan-projections-1-point-7-billion