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Remsenburg-Speonk Union Free School District – Financial Management (2025M-33)
… operating surpluses in four of the last five years. When the unused appropriated fund balance is added back to … and indicated they planned to initiate corrective action. We conducted this audit pursuant to Article V, Section 1 of …
https://www.osc.ny.gov/local-government/audits/school-district/2025/07/18/remsenburg-speonk-union-free-school-district-financial-management-2025mState Agencies Bulletin No. 2366
… employee’s taxable gross wages. This income is reportable on the employee’s Form W-2 and is subject to income and … beginning after December 31, 2017, and before January 1, 2026), the maximum fair market value of a vehicle (automobiles, vans, trucks) made …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2366-procedures-reporting-taxable-value-personal-use-employer-providedState Agencies Bulletin No. 2271
… of the agency, who attests that the valuation is, to the best of their knowledge, true and compliant with IRS …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2271-procedures-reporting-taxable-value-personal-use-employer-providedDiNapoli Urges NYC to Shore Up Rainy-Day Fund
… only have an opportunity to build these reserves in the near term, but also to shape the city’s reserve policy for … unrestricted reserves over time. Cities including San Antonio, Dallas and San Jose report unrestricted fund balance as a share of …
https://www.osc.ny.gov/press/releases/2021/11/dinapoli-urges-nyc-shore-rainy-day-fundDiNapoli Releases Analysis of State Financial Plan
… After two years of extraordinary volatility in state finances, the State Fiscal Year (SFY) 2022-23 … on or ahead of schedule may help prevent disruptions in critical programs and services.” Financial Plan Overview The DOB Financial Plan projects disbursements in SFY 2022-23 of $222.2 billion from All Funds, including …
https://www.osc.ny.gov/press/releases/2022/07/dinapoli-releases-analysis-state-financial-planDiNapoli: NYC Financial Plan Improved From June
… continued improvement in the city’s fiscal position since June, but city finances could come under pressure amid a … November Plan shows higher revenue of $2.5 billion since June due to unanticipated federal grant funds. The plan also … billion) and FY 2026 ($5.9 billion) than estimated in June. Certain PEG savings are also expected from anticipated …
https://www.osc.ny.gov/press/releases/2022/12/dinapoli-nyc-financial-plan-improved-juneDiNapoli: Improved Planning Needed for New York To Achieve Its Clean Energy Goals
… energy but must take stronger action to meet the state’s clean energy goals, according to an audit released today by … of risks by PSC is needed to achieve our ambitious clean energy goals,” DiNapoli said. “New York has been a … based on new laws and directives, which may drive clean energy demand and supply up, like electric vehicles, …
https://www.osc.ny.gov/press/releases/2024/07/dinapoli-improved-planning-needed-new-york-achieve-its-clean-energy-goalsDiNapoli: Coney Island and Brighton Beach Jobs Doubled Over Last Decade
… Coney Island’s back." “From world-famous beaches to the home of America’s Playground, Coney Island and Brighton Beach … than doubled over the same period, increasing from $609.1 million to $1.5 billion — a rate similar to all of Brooklyn … expands among renters who are severely burdened — spending 50% or more of their income on housing — 42.3% in the area …
https://www.osc.ny.gov/press/releases/2024/09/dinapoli-coney-island-and-brighton-beach-jobs-doubled-over-last-decadeDiNapoli: State Tax Receipts Tracking Close to Projections Through First Half of the Year
… State tax receipts totaled $54.6 billion through the first six … Enacted Budget Financial Plan. On a year-over-year basis, tax collections were $3.1 billion higher than those through … September 2023, primarily driven by the Personal Income Tax (PIT) according to the monthly State Cash Report released …
https://www.osc.ny.gov/press/releases/2024/10/dinapoli-state-tax-receipts-tracking-close-projections-through-first-half-yearDiNapoli: Public Must Be Alerted to Sewer Overflow Problems
… reporting of sewage discharges; and the State Pollutant Discharge Elimination System (SPDES) program, which controls … within five days of a “dry weather overflow,” where sewage discharge results from events such as blocked or broken sewer … the SPDES program, DEC issues both individual and general discharge permits. SPDES permit holders have certain …
https://www.osc.ny.gov/press/releases/2020/10/dinapoli-public-must-be-alerted-sewer-overflow-problemsDiNapoli: Financial Plan Outlook Has Improved; State Should Now Commit to Further Increasing Reserves
… bolster reserve funds beyond planned levels to help us to weather the next crisis or recession.” Financial Plan … is statutorily authorized. If collections remain above forecast and are not needed to cover unanticipated expenses, …
https://www.osc.ny.gov/press/releases/2021/06/dinapoli-financial-plan-outlook-has-improved-state-should-now-commit-further-increasing-reservesDiNapoli: Lack of Oversight Delayed Access to Emergency Home Repairs for Elderly New Yorkers
… program contributed to delays in urgent home repairs for seniors. The audit found the agency needs to do more to … “The RESTORE program has been a vital resource for seniors across our state whose homes may be at risk if they … gave out 49 RESTORE awards for 785 projects to assist seniors needing emergency home repairs. The program’s total …
https://www.osc.ny.gov/press/releases/2021/07/dinapoli-lack-oversight-delayed-access-emergency-home-repairs-elderly-new-yorkersDiNapoli: New State Funds Open Door for MTA to Ease Debt, Build Stronger Future Budgets
… opportunity to ease the pressure that growing debt places on its operations and stabilize its future finances, … stronger finances down the road will depend in part on how the MTA chooses to manage debt in the coming years. … its strength and win back riders to a safe, reliable and on-time transit system.” The state’s increase in the payroll …
https://www.osc.ny.gov/press/releases/2023/05/dinapoli-new-state-funds-open-door-mta-ease-debt-build-stronger-future-budgetsDiNapoli: MTA Avoided A Fiscal Crisis, Now It Has To Convince Riders To Come Back
… but an influx of new funding has helped the MTA shore up its finances,” DiNapoli said. “This newfound fiscal … opportunity to make improvements that will ensure a safe, clean and on time transit system that riders want to use. If … in 2024 that could have ballooned to $1.6 billion in 2026. With new funds made available by the state and city, …
https://www.osc.ny.gov/press/releases/2023/10/dinapoli-mta-avoided-fiscal-crisis-now-it-has-convince-riders-come-backDiNapoli: Housing Cost Burdens for New Yorkers Among Nation's Highest
… This constituted 38.9% of households, the 3 rd highest rate of housing cost burden among states. New York … to 34% and 29%, respectively, nationally. New York’s rate of homelessness, at about 5 per 1,000 people, was the … 24% in the North Country and Mohawk Valley to 27% in the Finger Lakes. At least 40% of rental households were burdened …
https://www.osc.ny.gov/press/releases/2024/02/dinapoli-housing-cost-burdens-new-yorkers-among-nations-highestDiNapoli: New York City's Budget Outlook Improves
… from the re-introduction of the city’s water and sewer rental payments. The January Financial Plan also included the … once fully phased in. Risks to Social Services Cash and rental assistance enrollment is likely to remain higher than pre-pandemic levels in the near future. This is the result of current economic …
https://www.osc.ny.gov/press/releases/2024/02/dinapoli-new-york-citys-budget-outlook-improvesDiNapoli: Environmental Facilities Corporation Faces Significant Funding Backlog for Essential Water Infrastructure Projects
… Facilities Corporation (EFC) has provided financing for over 2,000 essential local water infrastructure projects … should build on its efforts to help communities access funding to ensure the success of these programs continues.” … corporation that provides financing assistance through grants, loans, and technical expertise to state and local …
https://www.osc.ny.gov/press/releases/2024/04/dinapoli-environmental-facilities-corporation-faces-significant-funding-backlog-essential-waterDiNapoli: New York May Be Paying Medicaid Premiums for People Living Out-of-State
… that were paid for members who may have resided outside of New York. Auditors found that the state Department of Health … not properly check to confirm that Medicaid members were New York residents and waited too long to recoup improper … payments, protect the program’s integrity, and ensure New York is only paying Medicaid costs for its residents.” …
https://www.osc.ny.gov/press/releases/2025/09/dinapoli-new-york-may-be-paying-medicaid-premiums-people-living-out-stateDiNapoli Announces $2B Strategic Partnership With Goldman Sachs Asset Management For Global Equity Investments
… P. DiNapoli today announced that the New York State Common Retirement Fund (CRF or the Fund) has created a $2 billion … innovative partnership gives the New York State Common Retirement Fund full access to world class global equity … capabilities.” About the New York State Common Retirement Fund The $180.7 billion New York State Common …
https://www.osc.ny.gov/press/releases/2014/09/dinapoli-announces-2b-strategic-partnership-goldman-sachs-asset-management-global-equity-investmentsDiNapoli:Two Fortune 500 Retailers Agree to Increased Use of Renewable Energy
… 78 Fortune 500 companies sourcing renewable energy from solar, wind, geothermal and other resources that offer the … fund in the United States, with estimated assets of $178.3 billion as of Dec. 31, 2015. The Fund holds and invests the …
https://www.osc.ny.gov/press/releases/2016/05/dinapolitwo-fortune-500-retailers-agree-increased-use-renewable-energy