Search
Changes in Federal Policies Pose Significant Risks for New York City's Budget
… New York City in the coming years appear manageable, but tax changes and budget cuts on the federal level pose a … Representatives and the Senate have reached agreement on a tax plan, which limits the deductibility of state and local … state education aid next year. The city projects business tax collections will exceed last year’s level by $337 million …
https://www.osc.ny.gov/press/releases/2017/12/changes-federal-policies-pose-significant-risks-new-york-citys-budgetDiNapoli: Economic Snapshot Shows The Bronx Making Impressive Gains in Addressing Challenges
… with my colleagues to make sure the Bronx is known as the best county in the state." "While the Bronx has managed to …
https://www.osc.ny.gov/press/releases/2018/07/dinapoli-economic-snapshot-shows-bronx-making-impressive-gains-addressing-challengesNY State Comptroller DiNapoli Statement on Supreme Court Decision in Janus Case
… the following statement today after the United State Supreme Court ruled on the Janus v. American Federation of … State, County and Municipal Employees case . "Today's U.S. Supreme Court decision overriding 40 years of legal precedent … the following statement today after the United State Supreme Court ruled on the Janus v American Federation of …
https://www.osc.ny.gov/press/releases/2018/06/ny-state-comptroller-dinapoli-statement-supreme-court-decision-janus-caseDiNapoli: Investment in Upstate Company Returns $33.8 Million to State Pension Fund
… The Fund made nearly six times its original investment of $6 million, or a 25 percent internal rate of return. “We are investing state pension fund dollars … original investment in Autotask,”said DiNapoli. “As part of the Fund’s diverse investment strategy, the In-State …
https://www.osc.ny.gov/press/releases/2014/08/dinapoli-investment-upstate-company-returns-338-million-state-pension-fundDiNapoli: State Correction Commission Falling Short in Tracking Problems or Inspecting Prisons
… The state agency in charge of the oversight and inspection of 561 state and local … The state agency in charge of the oversight and inspection of 561 state and local correctional facilities …
https://www.osc.ny.gov/press/releases/2018/01/dinapoli-state-correction-commission-falling-short-tracking-problems-or-inspecting-prisonsDiNapoli: Contractor Sentenced in Federal Court for Defrauding State of Over $360,000
… Preet Bharara, was sentenced today to a year and one day in prison and ordered to pay a total of $721,112 in … as far as billing the state for working over 24 hours a day on a few occasions. This is the latest example of the … Comptroller DiNapoli was sentenced today to a year and one day in prison and ordered to pay a total of $721112 in …
https://www.osc.ny.gov/press/releases/2014/09/dinapoli-contractor-sentenced-federal-court-defrauding-state-over-360000NYS Comptroller DiNapoli: Wall Street Profits and Bonuses Up Sharply in 2017
… in 2018." Pretax profits for the broker/dealer operations of New York Stock Exchange member firms (the traditional measure of securities industry profits) soared by 42 percent in 2017 … than before the financial crisis in 2007, while the rest of the private sector in the city has grown by 23 percent. …
https://www.osc.ny.gov/press/releases/2018/03/nys-comptroller-dinapoli-wall-street-profits-and-bonuses-sharply-2017DiNapoli Announces Nominee for the Commission on Ethics and Lobbying in Government
… Thomas P. DiNapoli today announced his nomination of Nancy G. Groenwegen to the Commission on Ethics and … and accountability. Nancy’s character, knowledge and depth of experience will help New York meet those challenges and … Groenwegen served as the commissioner and president of the New York Civil Service Commission and as an assistant …
https://www.osc.ny.gov/press/releases/2022/07/dinapoli-announces-nominee-commission-ethics-and-lobbying-governmentDiNapoli: Lax Oversight of Medicaid Payments Behind $700 Million in Improper Payments
… Hundreds of millions of dollars were spent on Medicaid Managed Long-Term Care … found that inadequate oversight by the state Department of Health (DOH) over a period of more than six years resulted … Hundreds of millions of dollars were spent on Medicaid Managed …
https://www.osc.ny.gov/press/releases/2022/08/dinapoli-lax-oversight-medicaid-payments-behind-700-million-improper-paymentsOyster Bay Water District – Payments in Lieu of Health Insurance (2017M-43)
… of Audit The purpose of our audit was to review payments in lieu of health insurance coverage for the period January … 2016. Background The Oyster Bay Water District is located in the Town of Oyster Bay in Nassau County and provides water to about 8,800 customers. …
https://www.osc.ny.gov/local-government/audits/district/2017/06/02/oyster-bay-water-district-payments-lieu-health-insurance-2017m-43DiNapoli: Former Hempstead School Official and Local Restauranteur Indicted in Kickback Scheme
… indictment of Sharon Gardner, the former Director of Food Services for the Hempstead Union Free School District (HUFSD), and Maria Caliendo, the owner of food service providers Smart Starts NY, Inc. (Smart Starts), … public, the defendants secretly steered lucrative food service contracts to themselves and then illegally …
https://www.osc.ny.gov/press/releases/2022/05/dinapoli-former-hempstead-school-official-and-local-restauranteur-indicted-kickback-schemeDiNapoli: Local Sales Tax Collections Up 21% in First Quarter of 2022
… Local government sales tax collections grew by 21.1%, or $901 million, in the first … inflation, which hit a 40-year-high in March. “Local sales tax collections continue to come in strong. While local … growth at 6.6%. Of the cities that impose their own sales tax (not including New York City), Norwich saw the biggest …
https://www.osc.ny.gov/press/releases/2022/04/dinapoli-local-sales-tax-collections-21-percent-first-quarter-2022DiNapoli: Syracuse City School District Teacher Pleads Guilty in Time Theft Scheme
… Program pleaded guilty to corrupting the government in the 3 rd Degree, in connection with submitting false timecards to SCSD. As … Attorney Fitzpatrick for his continuing partnership in combatting public corruption and for holding Mr. Cecile … Program pleaded guilty to corrupting the government in the 3rd Degree …
https://www.osc.ny.gov/press/releases/2022/05/dinapoli-syracuse-city-school-district-teacher-pleads-guilty-time-theft-schemeDiNapoli: Statewide Local Sales Tax Collections Surge Nearly 58 Percent in May
… Collections totaled $1.4 billion, up $530 million from May of last year. “For the second straight month, local sales tax … continues to improve as spending rebounds from the effects of the COVID-19 pandemic and the standstill it created in New … federal assistance and restored state aid, the recovery of sales taxes will help New York’s local governments rebound …
https://www.osc.ny.gov/press/releases/2021/06/dinapoli-statewide-local-sales-tax-collections-surge-nearly-58-percent-mayNew York’s Economy and Finances in the COVID-19 Era (July 1, 2021)
Recently released data from the Bureau of Economic Analysis show personal income in New York has surpassed prepandemic levels by 128 percent
https://www.osc.ny.gov/reports/new-yorks-economy-and-finances-covid-19-era-july-1-2021DiNapoli: State's Financial Hole Deepens, Tax Revenues Trail $3.2 Billion in 2020
… August. DiNapoli noted state tax receipts of $4.3 billion in August were $309.3 million above the latest projections by … fiscal relief for New York, painful budget decisions lie ahead.” Other key numbers in the report: Personal income … receipts were $97.2 million, or 7.8 percent, below those a year earlier. All Funds spending through August totaled …
https://www.osc.ny.gov/press/releases/2020/09/dinapoli-states-financial-hole-deepens-tax-revenues-trail-32-billion-2020Oversight of Career and Technical Education Programs in New York State Schools
… current State Education Department (Department) career and technical education (CTE) activities are sufficient to meet high-demand, high-growth, and high-salary job market needs; and what the Department, … whether current State Education Department career and technical education activities are sufficient to meet …
https://www.osc.ny.gov/state-agencies/audits/2020/12/21/oversight-career-and-technical-education-programs-new-york-state-schoolsExamples from GASB Statement 34 - Statement of Changes in Fiduciary Net Assets
… Examples from GASB Statement 34 included in this bulletin, copyright by the Governmental Accounting … reprinted by permission. Sample City Statement of Changes in Fiduciary Net Assets Fiduciary Funds For the Year Ended … Investments earnings: Net (decrease) In fair value of investments (272,522) Interest …
https://www.osc.ny.gov/local-government/publications/examples-gasb-statement-34-statement-changes-fiduciary-net-assetsSafe Schools Against Violence in Education (SAVE) Act - Safety Plans - 2019-MS-1
… report - pdf] Audit Objective Determine whether 17 school districts used their resources and two charter schools … to develop, adopt, file and implement district-wide school safety plans and building-level emergency response … a safety team or did not have all the required members. No school met all of the annual safety training requirements. …
https://www.osc.ny.gov/local-government/audits/charter-school/2019/07/25/safe-schools-against-violence-education-save-act-safety-plans-2019-ms-1New York City Projecting Surplus of $2.7 Billion in Current Fiscal Year
… New York City projects a surplus of more than $2.7 billion for fiscal year (FY) 2020, up from $550 million in November 2019, which it plans to transfer to FY 2021 to … released today by State Comptroller Thomas P. DiNapoli. “New York City’s economy has been strong in recent years, …
https://www.osc.ny.gov/press/releases/2020/02/new-york-city-projecting-surplus-27-billion-current-fiscal-year