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Assessable Expenses of Administering the Motor Vehicle Financial Security Act and the Motor Vehicle Safety Responsibility Act for the State Fiscal Year Ended March 31, 2024 (2024-M-2)
To ascertain the total expenses incurred in administering the Motor Vehicle Financial Security Act and the Motor Vehicle Safety Responsibility Act (collectively, Acts) for the State Fiscal Year ended March 31, 2024.
https://www.osc.ny.gov/files/state-agencies/audits/pdf/sga-2025-24m2.pdfNYS Common Retirement Fund Announces First Quarter Results
… Common Retirement Fund's (Fund) overall estimated value in the first quarter of the State Fiscal Year 2018-2019 was … Thomas P. DiNapoli. "The Fund saw steady growth in the first quarter," DiNapoli said. "New York state's … 30, 2018, the Fund had 40.3 percent of its assets invested in publicly traded domestic equities and 16.1 percent in …
https://www.osc.ny.gov/press/releases/2018/08/nys-common-retirement-fund-announces-first-quarter-resultsNYS Common Retirement Fund Announces Third Quarter Results
… The New York State Common Retirement Fund’s overall return in the third quarter of the Fund’s 2015-2016 fiscal year was … of its third quarter. “The Fund experienced some recovery in the third quarter as markets continued to challenge … long term investor, however, the Fund measures its success in years and decades, not months. We’re focused on prudent …
https://www.osc.ny.gov/press/releases/2016/02/nys-common-retirement-fund-announces-third-quarter-resultsDiNapoli Releases Analysis of State Budget Financial and Capital Plans
… Enacted Budget Financial Plan projects healthy growth in tax receipts and federal aid for the current fiscal year, … “While New York’s economy continues to expand, gains in jobs, personal income and wages are projected to slow,” … “The Enacted Budget plan addresses risks such as downturns in tax receipts and federal aid, but other, more …
https://www.osc.ny.gov/press/releases/2019/07/dinapoli-releases-analysis-state-budget-financial-and-capital-plansDiNapoli: Special Education Contractor Convicted for $2 Million Fraud
… to 24 months incarceration and ordered to pay $2,151,318 in restitution and forfeit another $1,924,318. “Cheon Park … bring Park to justice and recover stolen taxpayer money.” In July 2012, DiNapoli’s office issued an audit of Bilingual … County District Attorney’s Office for their collaboration in this investigation. DiNapoli has identified fraud and …
https://www.osc.ny.gov/press/releases/2014/09/dinapoli-special-education-contractor-convicted-2-million-fraudDiNapoli Announces New Technology Investment Through Contour Venture Partners
… a New York City-based technology company specializing in boosting sales through tracking website visitor activity, … today. The investment was made through the Fund’s In-State Private Equity Program which makes investments in New York State-based companies. “Since 2011, the New York …
https://www.osc.ny.gov/press/releases/2014/01/dinapoli-announces-new-technology-investment-through-contour-venture-partnersAudit of ESDC Finds Few Measurable Results for $211 Million State Advertising Contract
… contract to promote economic development and tourism in New York state with no tangible results, according to an … questions about whether the results justify the cost.” In December 2011, ESDC awarded a contract to BBDO USA LLC, an … $36.5 million was targeted to promote tourism and business in the wake of Hurricane Sandy. The remaining $175 million …
https://www.osc.ny.gov/press/releases/2015/05/audit-esdc-finds-few-measurable-results-211-million-state-advertising-contractDiNapoli Releases July State Cash Report
… State income tax collections increased $88.2 million in July from a year earlier, helping lift the state’s total … Comptroller Thomas P. DiNapoli. "July was the first month in this fiscal year that personal income tax collections … grown, but that may change depending upon developments in Washington." All Funds receipts totaled $48.6 billion, an …
https://www.osc.ny.gov/press/releases/2017/08/dinapoli-releases-july-state-cash-reportDiNapoli: State Tax Receipts Higher Than Updated Projections Through the First Half of the Year
… (SFY) 2023-24, $1.7 billion higher than estimates released in the Division of the Budget’s (DOB) July Update to the … Thomas P. DiNapoli. “The economy exhibited resilience in the first half of the year,” DiNapoli said. “Continued job … PIT receipts were $7.2 billion lower than the same period in SFY 2022-23, reflecting, in part, this year’s financial …
https://www.osc.ny.gov/press/releases/2023/10/dinapoli-state-tax-receipts-higher-updated-projections-through-first-half-yearDiNapoli: Public Authority Debt Ballooned to $329 Billion
… reported debt outstanding totaling more than $329 billion in their most recently reported fiscal years, an increase of … “Many of New York’s public authorities play a major role in state operations, but far too often they function without … efficiently.” Public authorities have an outsized impact in New York where they are responsible for a wide range of …
https://www.osc.ny.gov/press/releases/2022/12/dinapoli-public-authority-debt-ballooned-329-billionAllocation, Billing, and Collection of Expenses of Administering the Motor Vehicle Financial Security Act and the Motor Vehicle Safety Responsibility Act (Follow-Up)
… ensure that the operators of motor vehicles registered in New York possess adequate insurance coverage, or are … programs and assess these expenses on insurance carriers in proportion to their reported premiums. The objective of … the expenses of administering the Acts. We found that, in general, the Department was appropriately allocating, …
https://www.osc.ny.gov/state-agencies/audits/2021/05/27/allocation-billing-and-collection-expenses-administering-motor-vehicle-financial-securityGrand Gorge Fire District – Conflict of Interest and Claims Auditing (2020M-151)
… ensured officials did not have prohibited interests in District contracts. Determine whether claims were for … required by law. A Commissioner had a prohibited interest in the contracts between the District and his snow plowing … Board ensured officials did not have prohibited interests in District contracts and whether claims were for appropriate …
https://www.osc.ny.gov/local-government/audits/fire-district/2021/04/01/grand-gorge-fire-district-conflict-interest-and-claims-auditing-2020m-151DiNapoli: Money Earmarked for Highway and Bridge Infrastructure Siphoned Off
… been shortchanged because the state continues to use money in the Dedicated Highway and Bridge Trust Fund (DHBTF) to pay … P. DiNapoli. Similar concerns were raised by DiNapoli in reports in 2009 and in 2014 , and this updated analysis shows the …
https://www.osc.ny.gov/press/releases/2022/01/dinapoli-money-earmarked-highway-and-bridge-infrastructure-siphoned-offNYS Comptroller DiNapoli: Wall Street’s 2021 Bonuses Set a New Record
… The average bonus paid to employees in New York City’s securities industry for 2021 grew to … Street’s soaring profits continued to beat expectations in 2021 and drove record bonuses,” DiNapoli said. “But recent … and Russia wages an inexcusable war on Ukraine’s freedom. In New York, we won’t get back to our pre-COVID economic …
https://www.osc.ny.gov/press/releases/2022/03/nys-comptroller-dinapoli-wall-streets-2021-bonuses-set-new-recordXI.4 Overview – XI. Procurement and Contract Management
… Although grant contracts are not specifically defined in legislation, they are typically referred to as “program” … … Although grant contracts are not specifically defined in legislation they are typically referred to as program …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xi/xi4-overviewXI-A.8 Payment Tolerances – XI-A. Purchasing
… approved the use of select payment tolerances (tolerances) in the Statewide Financial System (SFS) for preferred source, … when the first SFS enterprise enhancements are implemented in October 2015. Prior to establishing tolerances, if a … Units are able to maximize the matching functionality in SFS without having to process as many PO change orders for …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xia/xi-a8-payment-tolerancesOpinion 94-2
… of express statutory authority, a city may not enact an ordinance which would exempt the mayor and members of the … extent inconsistent. You ask whether a city may adopt an ordinance which would exempt the mayor and members of the …
https://www.osc.ny.gov/legal-opinions/opinion-94-2Opinion 88-64
… or statutory amendments that bear on the issues discussed in the opinion. PUBLIC HOUSING AUTHORITIES -- Officers and … and dental benefits to its employees by participating in a self-insured plan operated jointly by the city for which the authority was established and the county in which the city is located. The question arises because of …
https://www.osc.ny.gov/legal-opinions/opinion-88-64Opinion 90-15
… or statutory amendments that bear on the issues discussed in the opinion. POLICE AND POLICE PROTECTION -- Police … by the town board. If no term of office is provided in the local law, the deputy appointed by the board would … Law, §150, may appoint a deputy police commissioner to act in the absence or inability of the commissioner. If so, you …
https://www.osc.ny.gov/legal-opinions/opinion-90-15Huntington Man Pleads Guilty to Grand Larceny
… of the Town of Huntington, pleaded guilty to Grand Larceny in the Fourth Degree for stealing more than $56,000 of his mother’s public pension payments following her death in April of 2021. “Mr. Johnson callously exploited his … County District Attorney Tierney for his partnership in bringing him to justice. My office will continue to …
https://www.osc.ny.gov/press/releases/2024/09/huntington-man-pleads-guilty-grand-larceny