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DiNapoli: State Ends Third Quarter of State Fiscal Year on Solid Financial Footing
… Tax receipts for the first nine months of State Fiscal Year (SFY) 2021-22 … the ongoing COVID-19 surge, economic risks, and the need for continuing financial support for those still struggling to find their footing. Also, … Tax receipts for the first nine months of State Fiscal Year SFY 202122 …
https://www.osc.ny.gov/press/releases/2022/01/dinapoli-state-ends-third-quarter-state-fiscal-year-solid-financial-footingIII.9 Provisions for 15 Day Prompt Payment Interest Eligibility – III. Statewide Financial System (SFS)
… require the payment of prompt payment interest to certain small businesses on invoices not paid within 15 days. This interest is payable provided the small business submits its invoice electronically, in … and identifies that it is seeking expedited payment as a small business. This section details the policies and …
https://www.osc.ny.gov/state-agencies/gfo/chapter-iii/iii9-provisions-15-day-prompt-payment-interest-eligibilityDiNapoli: As Drug Overdoses Climbed the State Failed to Inspect Residential Drug Treatment Programs
… state’s Office of Addiction Services and Supports (OASAS) to inspect and certify that the programs are safe and give … both before and during the COVID pandemic, according to an audit released today by State Comptroller Thomas P. … the lives of many New Yorkers, including those vulnerable to addiction,” said DiNapoli. “Skyrocketing substance abuse …
https://www.osc.ny.gov/press/releases/2021/12/dinapoli-drug-overdoses-climbed-state-failed-inspect-residential-drug-treatment-programsDiNapoli Announces Fiscal Stress Scores
… financial information of local governments operating on a calendar year basis (Jan. 1 – Dec. 31) for 2020 and covers … DiNapoli announced that 11 local governments with non-calendar fiscal years were in stress. “New York’s local …
https://www.osc.ny.gov/press/releases/2021/09/dinapoli-announces-fiscal-stress-scoresDiNapoli: NY's Homeownership Rate Lowest in the Nation
… Hispanic New Yorkers is especially troubling. Housing and mortgage discrimination have prevented generations of New … of homeownership assistance through the State of New York Mortgage Agency is widely known. Second, improved reporting … practices in the housing industry, including mortgage financing, appraisals and other services should be …
https://www.osc.ny.gov/press/releases/2022/10/dinapoli-nys-homeownership-rate-lowest-nationDiNapoli: New Yorkers’ Debt on the Rise
… of $53,830 at the end of 2021. While New Yorkers trail the national average debt burden ($55,810), student loan and credit card debt per capita were well above the national average, with student loan balances 335% higher than … to a report released today by State Comptroller Thomas P. DiNapoli. “Households across the nation have record levels …
https://www.osc.ny.gov/press/releases/2022/09/dinapoli-new-yorkers-debt-riseDiNapoli: NYC Sales Tax Collections Strong Due to Tourism and Commuter Return, Fueling Statewide Strength
… 2022). The city’s estimate is conservative given elevated prices and continued consumption, which show fiscal … retail sales and associated revenues could see a return to historical growth rates following the next two fiscal years. …
https://www.osc.ny.gov/press/releases/2023/04/dinapoli-nyc-sales-tax-collections-strong-due-tourism-and-commuter-return-fueling-statewide-strengthDiNapoli: SUNY Campuses Need to Focus on Tuition Paid by Out-Of-State Graduate Students
… The State University of New York (SUNY) needs to make sure … requirements so that only eligible students receive the benefit of a lower tuition, according to an audit by … The State University of New York SUNY needs to make sure its campuses are upholding instate residency …
https://www.osc.ny.gov/press/releases/2022/05/dinapoli-suny-campuses-need-focus-tuition-paid-out-state-graduate-studentsDiNapoli Finds Medicaid Billing Errors of Nearly $1 Billion
… prescribed, referred, and attended by practitioners who were not enrolled in the health care program, including those who had been barred due to misconduct, according to an audit … system was allowing payments on claims involving providers who were not certified to treat Medicaid patients. This not …
https://www.osc.ny.gov/press/releases/2022/04/dinapoli-finds-medicaid-billing-errors-nearly-1-billionBuffalo Business Delivers $9 Million Investment Gain To The State Pension Fund
… 19 managing partners in 2004 (Trillium Group) and in 2006 (Hamilton Lane). Combined, the two managing partners have made … in Buffalo businesses for the state pension fund. "Hamilton Lane is pleased to have supported AccuMED throughout … York State," said David Helgerson, managing director for Hamilton Lane. More than $440 million is available for new …
https://www.osc.ny.gov/press/releases/2014/12/buffalo-business-delivers-9-million-investment-gain-state-pension-fundDiNapoli Announces State Contract & Payment Actions for January 2014
… more than 1.5 million payments worth more than $10 billion in January 2014. His office also rejected 191 contract … contract for the sale of Harriet Tubman Residential Center in Cayuga County to CNY Realty Development Co. LLC. Approved … Approved a $1.6 million contract to purchase 590 acres in the towns of Shandakan and Hardenburgh from the Nature …
https://www.osc.ny.gov/press/releases/2014/02/dinapoli-announces-state-contract-payment-actions-january-2014DiNapoli: Audit Identifies $800,000 in Ineligible Costs Submitted by NYC Special Education Provider
… funds. A comprehensive look at past audits is available online: …
https://www.osc.ny.gov/press/releases/2015/07/dinapoli-audit-identifies-800000-ineligible-costs-submitted-nyc-special-education-providerDiNapoli: Corporations to Disclose Political Spending
… Western Union Co. (35.1%); Wynn Resorts (29.7%); Aetna (26%); United Healthcare Group (25%); Allstate (24.9%); Eli …
https://www.osc.ny.gov/press/releases/2017/07/dinapoli-corporations-disclose-political-spendingContract Advisory No. 4
… Agencies may have multiple Business Unit/ Department ID combinations, but only certain of those combinations are … created in the SFS must use a Business Unit/Department ID combination which is valid for contracts. A list of valid Business Unit/Department ID combinations can be found in the Guide to Financial …
https://www.osc.ny.gov/state-agencies/advisories/contract-advisory/4-business-unit-and-department-id-combinations-used-create-contracts-statewideDiNapoli Releases 2024 Fiscal Stress Scores for Villages and Some Cities
… today announced that nine villages were designated in fiscal stress under his office’s Fiscal Stress Monitoring System (FSMS) for their fiscal year ending in 2024. DiNapoli’s office evaluated all non-calendar year local governments that filed their financial reports in time to be scored and designated three villages in …
https://www.osc.ny.gov/press/releases/2025/04/dinapoli-releases-2024-fiscal-stress-scores-villages-and-some-citiesDiNapoli: Unemployment Taxes on Employers Poised To Increase To Repay $9B Owed to Federal Government
… to 7.9%. As a result, employer tax payments grew between 26% and 160% in 2021. Until the balance in the state account …
https://www.osc.ny.gov/press/releases/2021/09/dinapoli-unemployment-taxes-employers-poised-increase-repay-9b-owed-federal-governmentDiNapoli Finds Over $100 Million in Inappropriate Medicaid Payments
… of Health (DOH) for the Medicare buy-in program, maternity care, and drug and therapy claims. Nearly $400,000 … require. MCOs can also receive a one-time Supplemental Maternity Capitation Payment (SMCP) for prenatal and … costs. However, MCOs are not eligible to receive SMCPs for maternity cases that end in termination or a miscarriage. …
https://www.osc.ny.gov/press/releases/2021/11/dinapoli-finds-over-100-million-inappropriate-medicaid-paymentsNew York's Prison Population Continues Decline, But Share of Older Adults Keeps Rising
… over 200 16- and-17-year-olds in March of 2008, but only 26 in March 2020. Cost of Medical Care Overall health care …
https://www.osc.ny.gov/press/releases/2022/01/new-yorks-prison-population-continues-decline-share-older-adults-keeps-risingDiNapoli Op-Ed in Crain's New York Business
… on the need for greater transparency and accountability in budgeting for the use of federal relief funds. The full … received more money than they sent to Washington, D.C., in taxes in federal fiscal year 2020. It was true even for New York, … on the need for greater transparency and accountability in budgeting for the use of federal relief funds …
https://www.osc.ny.gov/press/releases/2022/04/dinapoli-op-ed-crains-new-york-businessDiNapoli: Overtime Costs at State Agencies Reached All-Time High in 2021
… also rose significantly at the Office of Children and Family Services (OCFS) and the City University of New York …
https://www.osc.ny.gov/press/releases/2022/07/dinapoli-overtime-costs-state-agencies-reached-all-time-high-2021