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DiNapoli: Many SUNY Campus Foundations Operating Without Contracts or Proper Oversight
… were operating without the contracts they are required to have with their campuses while overseeing and managing billions in donations and resources, according to a report released today by State Comptroller Thomas P. … expenses," DiNapoli said. "SUNY administrators need to improve their oversight efforts to make sure billions of …
https://www.osc.ny.gov/press/releases/2018/02/dinapoli-many-suny-campus-foundations-operating-without-contracts-or-proper-oversightDiNapoli Announces $2B Strategic Partnership With Goldman Sachs Asset Management For Global Equity Investments
… announced that the New York State Common Retirement Fund (CRF or the Fund) has created a $2 billion strategic … & Manager Selection (AIMS) Group will augment the CRF Global Equity Team, which manages the Fund’s nearly $100 … global investment team.” “The Strategic Partnership with CRF is a landmark assignment for GSAM and we appreciate the …
https://www.osc.ny.gov/press/releases/2014/09/dinapoli-announces-2b-strategic-partnership-goldman-sachs-asset-management-global-equity-investmentsDiNapoli: Funds Dedicated for Highway & Bridge Capital Projects Continue to be Diverted for Operating and Debt Costs
… debt capacity, according to a report issued today by New York State Comptroller Thomas P. DiNapoli. "Taxpayers … business tax, vehicle licensing fees and rental car tax. By 2002, debt payments had surpassed capital projects. Just … fiscal year, including the costs of snow and ice removal by the Department of Transportation and day-to-day staff …
https://www.osc.ny.gov/press/releases/2014/02/dinapoli-funds-dedicated-highway-bridge-capital-projects-continue-be-diverted-operating-and-debtOpinion 91-24
… a sewer district, to enter into contracts to provide sewer services to other sewer districts, cities villages, …
https://www.osc.ny.gov/legal-opinions/opinion-91-24DiNapoli: NYC Financial Plan Improved From June
… New York City’s fiscal year (FY) 2023 budget is projected to rise to $109.4 … continued improvement in the city’s fiscal position since June, but city finances could come under pressure amid a … build over time, contributing to larger budget gaps in FY 2025 ($4.6 billion) and FY 2026 ($5.9 billion) than estimated …
https://www.osc.ny.gov/press/releases/2022/12/dinapoli-nyc-financial-plan-improved-juneDiNapoli: Former Morley Fire Company Treasurer Ordered to Pay $50,000 for Theft of Public Funds
… New York State Comptroller Thomas P. DiNapoli today announced … and encourages the public to help fight fraud and abuse. New Yorkers can report allegations of fraud involving … Fraud Hotline at 1-888-672-4555, by filing a complaint online at https://www.osc.state.ny.us/investigations , or by …
https://www.osc.ny.gov/press/releases/2024/01/dinapoli-former-morley-fire-company-treasurer-ordered-pay-50000-theft-public-fundsDiNapoli: New York City's Budget Outlook Improves
… revenues and planned cost savings benefited New York City’s budget outlook for Fiscal Year (FY) 2025, but … 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: MTA Avoided A Fiscal Crisis, Now It Has To Convince Riders To Come Back
… of 2023, the MTA faced a $600 million budget shortfall for the year with gaps of more than $1 billion in 2024 that … of MTA’s revenue in 2024, up from 37% in 2019, making up for the drop in ridership revenue brought on by the pandemic. … driven by an 8% increase in health and welfare costs for active employees and retirees. As in past years, …
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 … cost burden of more than 50% of their income going to pay for housing, according to a report by State Comptroller …
https://www.osc.ny.gov/press/releases/2024/02/dinapoli-housing-cost-burdens-new-yorkers-among-nations-highestDiNapoli: More School Districts Take Initial Steps to Exceed Tax Cap
… fiscal year. “School districts are feeling the impact of a historically low tax levy limit,” said DiNapoli. “Although … levy limit. These districts would need to cut taxes by a total of $18.6 million (1 percent on average) to stay … within their allowable levy limit, or seek an override in order to maintain the same tax levy. To date, 20 districts, …
https://www.osc.ny.gov/press/releases/2016/03/dinapoli-more-school-districts-take-initial-steps-exceed-tax-capPension Fund Makes Progress on Board Diversity
… company growth," DiNapoli said. "The Fund commends GoPro for its willingness to formalize its commitment to diversity …
https://www.osc.ny.gov/press/releases/2017/03/pension-fund-makes-progress-board-diversityDiNapoli: New State Funds Open Door for MTA to Ease Debt, Build Stronger Future Budgets
… the MTA’s budget through 2026 — and federal approval for congestion pricing — are positive signs that the MTA can … whether it comes back to riders, toll payers and taxpayers for more assistance down the road. Key Findings: MTA’s … 2025 before declining slightly. However, after adjusting for recent MTA and state actions, DiNapoli’s office projects …
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
… As New York state grapples with cost-effective solutions for its estimated $250 billion in infrastructure needs over … said. “The big question is, how are we going to pay for that? Public-private partnerships are a good option to … partnerships don’t come risk-free. It makes good sense for the state to look at public-private partnerships based on …
https://www.osc.ny.gov/press/releases/2011/01/public-private-partnerships-potentially-good-option-financial-risks-taxpayers-must-be-addressedDiNapoli Releases Analysis of State Financial Plan
… two years of extraordinary volatility in state finances, the State Fiscal Year (SFY) 2022-23 Enacted Budget Financial … Plan expects revenue growth to continue, economic risks are growing and may jeopardize the state’s fiscal footing. … Without greater detail, it is difficult to assess to what extent the temporary funds are sustaining recurring …
https://www.osc.ny.gov/press/releases/2022/07/dinapoli-releases-analysis-state-financial-planXIV.5 Employee Award Programs – XIV. Special Procedures
… plain paper certificates, must be for: no fewer than five years of service, and service in intervals of no less than five years. Safety achievement awards will not qualify if they are … present a desk clock valued at $150 to an honoree with 40 years of service. They plan on presenting the award at a …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xiv/xiv5-employee-award-programsDiNapoli: Federal Aid, Increasing Tax Revenues and Savings Boost New York City's Surplus
… in the out-years, below expectations for inflation. This rate of growth would be affordable, but spending is unlikely …
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
… of this section is to provide guidance to agencies about record retention requirements to ensure documentation supporting …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xii/xii3-record-retention-accounts-payable-vouchers-and-land-claimsNYS Comptroller DiNapoli Prohibits New Russian Investments and Directs Investment Review
… events. New York stands with the Ukrainan people. We hope for a peaceful resolution.” The Fund estimates it has $110.8 …
https://www.osc.ny.gov/press/releases/2022/03/nys-comptroller-dinapoli-prohibits-new-russian-investments-and-directs-investment-reviewDiNapoli: Orange County Resident Arrested for Stealing Her Late Mother’s Pension Benefits
… with grand larceny in the second degree (Class C Felony) for allegedly stealing $51,532.64 of her late mother’s … District Attorney Hoovler and the New York State Police for their partnership and sending the message that those who … pension benefits will be caught and will face consequences for their criminal actions.” “The theft of public funds is …
https://www.osc.ny.gov/press/releases/2021/06/dinapoli-orange-county-resident-arrested-stealing-her-late-mothers-pension-benefitsDiNapoli: Financial Plan Outlook Has Improved; State Should Now Commit to Further Increasing Reserves
… 180,000 contracts, billions in state payments and public authority data. Visit the Reading Room for contract FOIL …
https://www.osc.ny.gov/press/releases/2021/06/dinapoli-financial-plan-outlook-has-improved-state-should-now-commit-further-increasing-reserves