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DiNapoli: New State Funds Open Door for MTA to Ease Debt, Build Stronger Future Budgets
New sources of recurring revenue in the states final budget and other aid including expected revenue from congestion pricing give the Metropolitan Transportation Authority an opportunity to ease the pressure that growing debt places on its operations and stabilize its future finances
https://www.osc.ny.gov/press/releases/2023/05/dinapoli-new-state-funds-open-door-mta-ease-debt-build-stronger-future-budgetsPublic-Private Partnerships Potentially a "Good Option" but Financial Risks for Taxpayers Must Be Addressed
… between a public agency and a private sector entity that result in greater private sector participation in the …
https://www.osc.ny.gov/press/releases/2011/01/public-private-partnerships-potentially-good-option-financial-risks-taxpayers-must-be-addressedNYS Comptroller DiNapoli Prohibits New Russian Investments and Directs Investment Review
… examination to mitigate investment risk and minimize market impact. “Russia’s unlawful invasion of Ukraine has led …
https://www.osc.ny.gov/press/releases/2022/03/nys-comptroller-dinapoli-prohibits-new-russian-investments-and-directs-investment-reviewDiNapoli: Federal Aid, Increasing Tax Revenues and Savings Boost New York City's Surplus
… New York City is expecting to generate a surplus of $3.7 billion … due to federal aid, better-than-projected tax revenues, and planned savings, according to a report released today by … can be done to prepare for unforeseen risks and to manage challenges as increased spending is spurred by inflation and …
https://www.osc.ny.gov/press/releases/2022/03/dinapoli-federal-aid-increasing-tax-revenues-and-savings-boost-new-york-citys-surplusXII.3 Record Retention – Accounts Payable Vouchers and Land Claims – XII. Expenditures
… Summary Report Budget Amendments and/or Change Orders Work Orders Proof of goods received (e.g., receiving or … payments (e.g., check registers, cancelled checks) Work status reports or program progress reports Final … not required to be approved by OSC (e.g., contract budget, work plan, scope of work and/or specific contract …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xii/xii3-record-retention-accounts-payable-vouchers-and-land-claimsDiNapoli Urges NYC to Shore Up Rainy-Day Fund
… recent changes in state and local law enabling the use of these funds, called on the city to define how these … the purposes of the rainy-day fund, the conditions for withdrawal and the order in which accounts would be drawn; … amounts drawn down be replenished as soon as possible. Some cities also have a policy to gradually increase their …
https://www.osc.ny.gov/press/releases/2021/11/dinapoli-urges-nyc-shore-rainy-day-fundNYS Comptroller DiNapoli: SEC Upholds Shareholders' Right to Seek Racial Equity Audit
… stand against systemic racism. An independent examination of just how Amazon is addressing racial injustice in its …
https://www.osc.ny.gov/press/releases/2021/04/nys-comptroller-dinapoli-sec-upholds-shareholders-right-seek-racial-equity-auditDiNapoli: Former Morley Fire Company Treasurer Ordered to Pay $50,000 for Theft of Public Funds
… cash withdrawals at ATMs in the Del Lago Resort & Casino and the Turning Stone Resort Casino. She also wrote checks to herself from the fire …
https://www.osc.ny.gov/press/releases/2024/01/dinapoli-former-morley-fire-company-treasurer-ordered-pay-50000-theft-public-fundsState Comptroller Thomas P. DiNapoli Statement on Mayor's Executive Budget Update
… billion, up from nearly $111 billion projected at the same time last year. This outcome is evidence of why it is … and an update to asylum seeker projections is a move towards greater transparency. The city’s new highlight of …
https://www.osc.ny.gov/press/releases/2024/04/state-comptroller-thomas-p-dinapoli-statement-mayors-executive-budget-updateDiNapoli: New York City's Budget Outlook Improves
… social services remain uncertain in the future, according to State Comptroller Thomas P. DiNapoli’s analysis of the … budget gaps are still large and tough choices remain ahead to fund essential education programs and social services,” … influx of asylum seekers and needs the federal government to take steps to provide funding and address comprehensive …
https://www.osc.ny.gov/press/releases/2024/02/dinapoli-new-york-citys-budget-outlook-improvesDiNapoli: Housing Cost Burdens for New Yorkers Among Nation's Highest
… incomes below $35,000 experienced a cost burden, while 16% of households with income greater than $75,000 were … of homeless grew by more than 39% in the most recent year, due in part to the influx of asylum seekers in New York …
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
… Facilities Corporation (EFC) has provided financing for over 2,000 essential local water infrastructure projects … since 1990, but the estimated capital improvement needs for water and sewer projects far exceeds this amount, and … to provide subsidized loans and grants to municipalities for drinking water, wastewater treatment, and other projects, …
https://www.osc.ny.gov/press/releases/2024/04/dinapoli-environmental-facilities-corporation-faces-significant-funding-backlog-essential-waterDiNapoli: Local Governments Should Improve Enforcement of State Fire Code Regulations
… of municipalities from across New York reveals gaps in the review of fire safety plans or evacuation procedures … reviewed enforcement of the state’s Uniform Fire Code in seven cities and three villages. “Local officials must do … the hazards of fire, explosion and dangerous conditions in new and existing buildings. It also provides for safety to …
https://www.osc.ny.gov/press/releases/2015/05/dinapoli-local-governments-should-improve-enforcement-state-fire-code-regulationsDiNapoli: MTA Avoided A Fiscal Crisis, Now It Has To Convince Riders To Come Back
… In a turnaround from the fiscal crisis it faced a year ago, the Metropolitan Transportation Authority (MTA) … the MTA faced a $600 million budget shortfall for the year with gaps of more than $1 billion in 2024 that could … the MTA has balanced budgets throughout its five-year financial plan through 2027. MTA projects its overall …
https://www.osc.ny.gov/press/releases/2023/10/dinapoli-mta-avoided-fiscal-crisis-now-it-has-convince-riders-come-backComptroller DiNapoli and A.G. Schneiderman Announce Sentencing of Former Met Council Insurance Brokers
… 60 public officials and their cronies for abusing state funds, and I look forward to continuing to work with …
https://www.osc.ny.gov/press/releases/2015/02/comptroller-dinapoli-and-ag-schneiderman-announce-sentencing-former-met-council-insurance-brokersDiNapoli: 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 …
https://www.osc.ny.gov/press/releases/2024/10/dinapoli-state-tax-receipts-tracking-close-projections-through-first-half-yearDiNapoli: Improved Planning Needed for New York To Achieve Its Clean Energy Goals
… (NYSERDA) have taken considerable steps in planning for New York State’s transition to renewable energy but must … cooling and heating. PSC also did not fully account for other potential risks, and did not consider certain … Procurements, and Progress Tracking Other related work Application Review and Site Permitting for Major Renewable …
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
… health care sectors making up more than one-half of the increase. Health care, retail trade, and business services … just 23.2% to $42,835, which was smaller than the 39.3% increase seen for both Brooklyn and the city overall. This … created since the plan’s start, in part reflecting an increase in construction of housing units since Superstorm …
https://www.osc.ny.gov/press/releases/2024/09/dinapoli-coney-island-and-brighton-beach-jobs-doubled-over-last-decadeHousing Trust Fund Corporation – Oversight of the Rural Rental Assistance Program
… RRAP contract. Additionally, HTFC periodically advertises new opportunities for RRAP assistance through notices of …
https://www.osc.ny.gov/state-agencies/audits/2024/12/20/housing-trust-fund-corporation-oversight-rural-rental-assistance-programPhysical and Financial Conditions at Selected Mitchell-Lama Developments
… Department of Housing Preservation and Development are being maintained in a manner that protects the health and … of residents, and whether funds at these developments are being used for intended purposes. Our audit covered the … Department of Housing Preservation and Development are being maintained in a manner that protects the health and …
https://www.osc.ny.gov/state-agencies/audits/2024/09/30/physical-and-financial-conditions-selected-mitchell-lama-developments