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DiNapoli Urges NYC to Continue to Prepare for Shifting Fiscal Landscape
… Total revenue for New York City’s budget is expected to drop by 9.4% to $101.1 billion in Fiscal Year … resources generated from the combination of these factors is not likely to occur at the same level again, however, and … to FY 2022 levels until the FY 2023 education budget is re-approved in accordance with such procedures. A few days …
https://www.osc.ny.gov/press/releases/2022/08/dinapoli-urges-nyc-continue-prepare-shifting-fiscal-landscapeDiNapoli: Debt Adding to MTA's Financial Pressures With Riders and Fare Revenue Slow to Return
… and the MTA is targeting its debt burden to remain below 18% of its operating budget over time. By contrast, New York … . Under State Comptroller DiNapoli’s open data initiative, search millions of state and local government financial …
https://www.osc.ny.gov/press/releases/2022/04/dinapoli-debt-adding-mtas-financial-pressures-riders-and-fare-revenue-slow-returnOpinion 96-4
… or statutory amendments that bear on the issues discussed in the opinion. LOCAL LAWS -- Municipal Funds (disposition of … FUNDS -- Budget Procedures (authority to supersede in village); (disposition of proceeds of sale of property) … a thirty year period for general village purposes. This is in reply to your request for our opinion concerning the …
https://www.osc.ny.gov/legal-opinions/opinion-96-4DiNapoli Releases Economic Report on the Bronx
… the gains it has made in recent years. “More than a year of sustained damage caused by the COVID-19 pandemic has … that time, the borough’s immigrant population rose by 38.8 percent. From 2017 through 2019 the overall population saw … Rates Death Rates Hispanic or Latino 9,315 1,414 375 White 8,003 1,062 248 Asian American and Pacific Islander 7,252 …
https://www.osc.ny.gov/press/releases/2021/06/dinapoli-releases-economic-report-bronxResources and Responsibilities: New York State’s Environmental Funding
… decades later, DEC programs range widely, from managing fish and game populations and overseeing the extraction of … populations and issuing licenses to hunt, trap and fish. Overseeing mining and oil and gas extraction in the … environment and, with regard to resources such as fish and wildlife, to ensure that populations can be …
https://www.osc.ny.gov/reports/resources-and-responsibilities-new-york-states-environmental-fundingInvesting and Protecting Public Funds
This session is designed to help local officials understand procedures and policies used to control and account for cash. Presenters will discuss the following: principles and statutes, depositing public funds, securing deposits, investment policies, cash controls and reporting, and cash flow foreca
https://www.osc.ny.gov/files/local-government/academy/pdf/investing-and-protecting-public-funds-01-18-23.pdfInvesting and Protecting Public Funds Webinar Presentation
This session is designed to help local officials understand procedures and policies used to control and account for cash. Presenters will discuss the following: principles and statutes, depositing public funds, securing deposits, investment policies, cash controls and reporting, and cash flow foreca
https://www.osc.ny.gov/files/local-government/academy/pdf/investing-and-protecting-public-funds-01-19-2022.pdfState Fiscal Year 2022-23 Enacted Budget Analysis
… $220,472 5.3% $47,492 27.5% Note: SFY 2022-23 estimates are DOB projections included in the FY 2023 Executive Budget … the State’s statutory debt caps. Since the Debt Reform Act only counts “bonds or notes,” this utilizes a loophole to … State revenues. Policymakers should seek to utilize pay-as-you-go financing, rather than debt, to the greatest extent …
https://www.osc.ny.gov/reports/state-fiscal-year-2022-23-enacted-budget-analysisDiNapoli: Buffalo's Financial Condition Improves
… the oversight of a fiscal control board and increased state aid, according to a report issued today by State Comptroller Thomas P. DiNapoli. The report is part of a … the oversight of a fiscal control board and increased state aid according to a report issued today by State …
https://www.osc.ny.gov/press/releases/2014/01/dinapoli-buffalos-financial-condition-improvesDiNapoli: Technology Changing How Local Governments Serve Residents
… Gary R. McCarthy, Assemblyman Angelo Santabarbara and National Grid Eastern New York Regional Executive Laurie Poltynski. … a rich history of innovation and are proud to partner with National Grid as we deploy an advanced LED street lighting …
https://www.osc.ny.gov/press/releases/2019/09/dinapoli-technology-changing-how-local-governments-serve-residentsOpinion 91-51
… discussed in the opinion. MUNICIPAL FUNDS -- Inter-fund Advance (from county sewer district fund to general fund) COUNTIES -- Fund Transfers (inter-fund advance from sewer district fund to general fund) GENERAL … Given the general rule of statutory construction that all parts of a statute should be harmonized (McKinney's Statutes, …
https://www.osc.ny.gov/legal-opinions/opinion-91-51DiNapoli: MTA Faces Worst Financial Crisis in History
… as reported in its July Financial Plan : $3.4 billion in 2020, $6.3 billion in 2021, $3.8 billion in 2022, $2.8 billion in 2023 and $3.1 billion in 2024. The 2021 budget gap is more than half (53 percent) of … as parts of the economy reopen, fare and toll revenues for 2020 through 2023 are projected to be $10.3 billion lower …
https://www.osc.ny.gov/press/releases/2020/10/dinapoli-mta-faces-worst-financial-crisis-historyRisk Assessment and Implementation of Measures to Address Extreme Weather Conditions
… damage to its transportation systems and developed plans to mitigate the effect of extreme weather conditions and flooding; and whether the plans were tested/updated and the weather-related equipment … both B&T and Bus Operations developed several weather plans/procedures that can be activated for extreme …
https://www.osc.ny.gov/state-agencies/audits/2025/01/02/risk-assessment-and-implementation-measures-address-extreme-weather-conditionsOpinion 90-54
… pool known as the Common Retirement Fund, a member does not have a separate, individual account. Therefore, the …
https://www.osc.ny.gov/legal-opinions/opinion-90-54State Comptroller DiNapoli Releases Municipal Audits
… Reports (Fulton County) The supervisor did not maintain complete, accurate and timely accounting records or provide …
https://www.osc.ny.gov/press/releases/2025/05/state-comptroller-dinapoli-releases-municipal-auditsNew Funding Needed for MTA Improvements to Prevent Unplanned Fare and Toll Hikes
… one-third of the subway fleet is now more than 30 years old and about 40 percent of the signals in the system are more than 50 years old. The sharp growth in subway ridership over the past 15 … plants in the subway system are more than 50 years old and have never been rehabilitated, including five that …
https://www.osc.ny.gov/press/releases/2017/11/new-funding-needed-mta-improvements-prevent-unplanned-fare-and-toll-hikesOpinion 99-16
… to the purchase of insurance indemnifying the town, does not constitute authority for a town to indemnify a third …
https://www.osc.ny.gov/legal-opinions/opinion-99-16DiNapoli Releases Analysis of SFY 2024-25 State Budget
… reserves such as the “economic uncertainties” fund can be used by the Executive for any purpose, with no …
https://www.osc.ny.gov/press/releases/2024/05/dinapoli-releases-analysis-sfy-2024-25-state-budgetDiNapoli: State Budget Boosts Education Aid and Enacts Paid Family Leave but Falls Short on Ethics Reform and Transparency
… January 2018. It will be fully implemented in 2021, when workers will be eligible to receive a maximum 12 weeks of …
https://www.osc.ny.gov/press/releases/2016/05/dinapoli-state-budget-boosts-education-aid-and-enacts-paid-family-leave-falls-short-ethics-reform-andDiNapoli Report Highlights MTA's Significant Needs
… the progress that will be made in repairing the system, how much they’re going to cost and how the MTA is going to … caused by New York City Transit’s outdated signal system have declined, signals still caused 25% of major incidents … to explain its short-term priorities, how that informs project selection and the target state for asset conditions …
https://www.osc.ny.gov/press/releases/2024/02/dinapoli-report-highlights-mtas-significant-needs