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DiNapoli: NYC Financial Plan Improved From June
… New York City’s fiscal year (FY) 2023 budget is projected to rise to … transfers), reflecting continued improvement in the city’s fiscal position since June, but city finances could come under pressure amid a slowing … improvement in the citys fiscal position since June but city finances could come under pressure amid a slowing …
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
… steps in planning for New York State’s transition to renewable energy but must take stronger action to meet the state’s clean energy goals, according to an audit … steps in planning for New York States transition to renewable energy but must take stronger action to meet the …
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
… released an economic snapshot today of Brooklyn’s Coney Island and Brighton Beach, where the amusement parks, … jobs over the past decade may be less well known. “Coney Island and Brighton Beach have undergone robust economic … rates and housing cost burdens which remain high. Coney Island and Brighton Beach are jewels among our city’s …
https://www.osc.ny.gov/press/releases/2024/09/dinapoli-coney-island-and-brighton-beach-jobs-doubled-over-last-decadeDiNapoli: Public Must Be Alerted to Sewer Overflow Problems
… events, potentially putting the public at risk, according to an audit of the Department of Environmental Conservation … is crucial so the public can avoid exposure. I urge DEC to redouble efforts to make sure all municipal sewer systems are complying with … events potentially putting the public at risk according to an audit of the DEC …
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
… DiNapoli today released an audit that found New York State Homes and Community Renewal’s (HCR) lax oversight of the … been a vital resource for seniors across our state whose homes may be at risk if they can’t make urgent repairs,” DiNapoli said. “Homes and Community Renewal can, and must, do more to meet …
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
… New sources of recurring revenue in the state’s final budget and other aid, including expected revenue from congestion pricing, give the Metropolitan … billion by 2028. By 2023, the MTA expects 17.9% of its revenue will go toward debt payments and peak around 19.5% in …
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
… because the state budget provided dedicated sources of revenue to close projected budget gaps, according to New York … financial plan through 2027. MTA projects its overall revenue will increase by 4.4% annually over the five-year plan, largely fueled by rising tax revenue, which the MTA expects will increase an average of …
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
… Almost three million New York households are dealing with housing costs that consume more than 30% of … a severe cost burden of more than 50% of their income going to pay for housing, according to a report by State … Almost three million New York households are dealing with housing costs that consume more than 30 of …
https://www.osc.ny.gov/press/releases/2024/02/dinapoli-housing-cost-burdens-new-yorkers-among-nations-highestDiNapoli: Environmental Facilities Corporation Faces Significant Funding Backlog for Essential Water Infrastructure Projects
… New York State’s Environmental Facilities Corporation (EFC) … serves a critical role in financing improvements to New York’s water infrastructure,” DiNapoli said. “New York has spent more on clean water and drinking water …
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
… of Health (NYSOH) or through local departments of social services (Local Districts). Most of the state’s Medicaid … those services. In exchange, DOH pays the plans a monthly premium for each enrolled member. Generally speaking, if a … in October 2019. The audit identified $1.5 billion in premium payments that were made from 2017 to 2019 for …
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
… equity investment opportunities and the nimbleness to take advantage of them on a timely basis,” DiNapoli said. … partnership is designed to help strengthen the Fund as it provides benefits to New York’s current and future public … current and potential active managers. GSAM’s team of 300 professionals in its Alternative Investments & Manager …
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
… P. DiNapoli today announced that Fortune 500 retailers Best Buy and Nordstrom have agreed to the New York State … Goldman Sachs among its members. The Fund owns shares of Best Buy and Nordstrom with estimated values of $32 million … P DiNapoli today announced that Fortune 500 retailers Best Buy and Nordstrom have agreed to the New York State …
https://www.osc.ny.gov/press/releases/2016/05/dinapolitwo-fortune-500-retailers-agree-increased-use-renewable-energyNYS Comptroller DiNapoli Prohibits New Russian Investments and Directs Investment Review
… has directed staff to prohibit all new investments in Russian companies and to review the New York State Common … of Ukraine has led to unprecedented sanctions against Russian companies and individuals,” DiNapoli said. “While … American sanctions already prohibit investments in many Russian companies, I believe it is prudent to freeze …
https://www.osc.ny.gov/press/releases/2022/03/nys-comptroller-dinapoli-prohibits-new-russian-investments-and-directs-investment-reviewPension Fund Makes Progress on Board Diversity
… New York State Comptroller Thomas P. DiNapoli today announced that the New York State Common Retirement Fund (Fund) has reached … New York State Comptroller Thomas P DiNapoli today announced that the New York State Common Retirement Fund Fund has reached …
https://www.osc.ny.gov/press/releases/2017/03/pension-fund-makes-progress-board-diversityDiNapoli: Oil Spill Fund Reaches New Agreements With St. Lawrence County
… New York Environmental Protection and Spill Compensation Fund (Oil Spill Fund) and St. Lawrence County that will lead to the clean-up … for residents of the North Country." The Oil Spill Fund, which is administered by DiNapoli's office in … New York Environmental Protection and Spill Compensation Fund and St Lawrence County that will lead to the cleanup and …
https://www.osc.ny.gov/press/releases/2018/08/dinapoli-oil-spill-fund-reaches-new-agreements-st-lawrence-countyState Pension Employer Contribution Rates Announced for 2020-21, Assumed Rate of Return Lowered
… P. DiNapoli today announced the New York State and Local Retirement System (NYSLRS) employer contribution rates for … remain the same as the previous year for the Employees’ Retirement System (ERS) with a small increase in rates for the Police and Fire Retirement System (PFRS). DiNapoli is also dropping the …
https://www.osc.ny.gov/press/releases/2019/08/state-pension-employer-contribution-rates-announced-2020-21-assumed-rate-return-loweredDiNapoli: State Tax Receipts Tracking Close to Projections Through First Half of the Year
… $54.6 billion through the first six months of State Fiscal Year (SFY) 2024-25, $682.1 million higher than the state … to the SFY 2024-25 Enacted Budget Financial Plan. On a year-over-year basis, tax collections were $3.1 billion higher than … $546 billion through the first six months of State Fiscal Year SFY 202425 $6821 million higher than the state Division …
https://www.osc.ny.gov/press/releases/2024/10/dinapoli-state-tax-receipts-tracking-close-projections-through-first-half-yearDiNapoli: New York City's Budget Outlook Improves
… and planned cost savings benefited New York City’s budget outlook for Fiscal Year (FY) 2025, but funding for … revenues and planned savings, but out-year budget gaps are still large and tough choices remain ahead to … immigration reform.” The city’s Preliminary FY 2025 budget and January Financial Plan enabled the city to …
https://www.osc.ny.gov/press/releases/2024/02/dinapoli-new-york-citys-budget-outlook-improvesCapital Asset Management (2022-S-32)
To determine whether the Office of General Services is adequately overseeing selected agencies and related entities to ensure that they have proper inventory controls in place to safeguard assets and that they are properly reporting capital assets.
https://www.osc.ny.gov/files/state-agencies/audits/pdf/2022-S-32.pdf