Search
DiNapoli: Funds Dedicated for Highway & Bridge Capital Projects Continue to be Diverted for Operating and Debt Costs
… in the last fiscal year, including the costs of snow and ice removal by the Department of Transportation and … of Motor Vehicles. Typically, staff expenses and snow and ice removal costs are regarded as ongoing costs of state …
https://www.osc.ny.gov/press/releases/2014/02/dinapoli-funds-dedicated-highway-bridge-capital-projects-continue-be-diverted-operating-and-debtDiNapoli: NYC Finances Strong But Slowing Economy Presents Risks
… leading to concern about the economy: Economic growth in China has slowed, affecting economies around the globe and …
https://www.osc.ny.gov/press/releases/2016/02/dinapoli-nyc-finances-strong-slowing-economy-presents-risksState Pension Employer Contribution Rates Announced for 2020-21, Assumed Rate of Return Lowered
… data, with New York ranked fourth behind Wisconsin, South Dakota and Tennessee. The state pension fund’s average rate …
https://www.osc.ny.gov/press/releases/2019/08/state-pension-employer-contribution-rates-announced-2020-21-assumed-rate-return-loweredDiNapoli: Many SUNY Campus Foundations Operating Without Contracts or Proper Oversight
… A third of the 30 State University of New York (SUNY) campus foundations were operating without the contracts they are … A third of the 30 State University of New York campus foundations were operating without the contracts they are …
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
… Sachs Asset Management (GSAM) to invest in a diverse group of global equity strategies viewed as having strong … with Goldman Sachs Asset Management to invest in a diverse group of global equity strategies viewed as having strong …
https://www.osc.ny.gov/press/releases/2014/09/dinapoli-announces-2b-strategic-partnership-goldman-sachs-asset-management-global-equity-investmentsDiNapoli: State Tax Collections Lagging Last Year by $1.2 Billion
… State tax collections totaled $18.6 billion in the first quarter of the new fiscal year, $1.2 billion … or 10.9 percent), but was partially offset by an increase in business tax collections (up $266.6 million or 16.5 … period last year. All Funds spending totaled $41.1 billion in the first quarter of the fiscal year, approximately $3.1 …
https://www.osc.ny.gov/press/releases/2017/07/dinapoli-state-tax-collections-lagging-last-year-12-billionDiNapoli: School District Revenue Growth Slows
… have faced major fluctuations in their federal and state aid over the last decade and revenue growth was nearly flat … for a way out,” said DiNapoli. “State and federal aid have noticeably slowed, local property tax revenues are … in the state totaled $60.1 billion. Of that total, state aid accounted for 34 percent ($20 billion), federal aid 5 …
https://www.osc.ny.gov/press/releases/2014/01/dinapoli-school-district-revenue-growth-slowsDiNapoli: State Contractor Failed to Pay Prevailing Wages
… support for treatment and transition programs of the South Beach Psychiatric Center in Staten Island. It contracts … has likely underpaid its janitorial workers since November 1, 2011, when its contract started and may have … paid for fewer hours than they actually worked January 20, to March 14 this year, when auditors began visiting the …
https://www.osc.ny.gov/press/releases/2014/10/dinapoli-state-contractor-failed-pay-prevailing-wagesNYC Budget Is Balanced but Risks Are Growing
… York City Mayor’s preliminary executive budget for FY 2020 is balanced, but there are risks, including proposed drops in … tourism revenue set a new record, consumer confidence is at an 18-year high and wages continue to rise, partly due … gaps. The most immediate risk to the city’s finances is the potential impact of the state budget. The executive …
https://www.osc.ny.gov/press/releases/2019/03/nyc-budget-balanced-risks-are-growingDiNapoli: 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-fundsDiNapoli: New State Funds Open Door for MTA to Ease Debt, Build Stronger Future Budgets
… budget and other aid, including expected revenue from congestion pricing, give the Metropolitan Transportation … the MTA’s budget through 2026 — and federal approval for congestion pricing — are positive signs that the MTA can gain … is lockbox debt, which will be primarily funded with congestion pricing revenue and kept outside of the operating …
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
… with forming those partnerships, according to a report released today by State Comptroller Thomas P. DiNapoli. “Our … financial risks in public-private partnerships that must be fully addressed: Failure to identify the full value of … partnerships may create unattainable expectations when the private entity promises more than it can deliver or …
https://www.osc.ny.gov/press/releases/2011/01/public-private-partnerships-potentially-good-option-financial-risks-taxpayers-must-be-addressedOpinion 92-46
… youth center) GENERAL MUNICIPAL LAW, §103: The purchase of kitchen utensils, furniture, books and sports equipment to be … be exceeded. You ask whether purchases by a village of kitchen utensils, furniture, books and sports equipment to be … Whether purchases by a village of kitchen utensils furniture books and sports equipment to be …
https://www.osc.ny.gov/legal-opinions/opinion-92-46Former Head of Niagara Falls Housing Authority Pleads Guilty to Stealing Government Funds; Son and Daughter-in-Law Also Convicted
… fine. Assistant U.S. Attorney Russell T. Ippolito, who is handling the case, stated that between 1997 and July 21, … Thomas P. DiNapoli said. "My investigators brought this case to our partners in law enforcement, and I thank … children and youth the importance of proper etiquette, what bullying is and what they can do about it and to teach …
https://www.osc.ny.gov/press/releases/2017/12/former-head-niagara-falls-housing-authority-pleads-guilty-stealing-government-funds-son-and-daughterOpinion 92-33
… (expenditures to fund contract with chamber of commerce) PARK DISTRICTS -- Powers and Duties (expenditures for … HOME RULE LAW, §10(1)(ii)(d)(3): A town on behalf of the park district established by L 1928, ch 477, as amended, may expend up to $50,000 annually for park district promotional purposes and no referendum pursuant …
https://www.osc.ny.gov/legal-opinions/opinion-92-33DiNapoli: LIRR On-Time Performance Falls Short
… did not meet on-time performance goals and had 17,951 trains that were late, canceled or terminated, according to a … LIRR reports that only a relatively small percentage of trains were late or canceled, too many commuters had a … million riders, the most since 1949. A total of 247,000 trains were scheduled, but 17,951 were canceled at the …
https://www.osc.ny.gov/press/releases/2017/04/dinapoli-lirr-time-performance-falls-shortDiNapoli Releases Analysis of State Financial Plan
… $122.7 billion from State Operating Funds. General Fund disbursements (including transfers to other funds) are … SFY 2023-24. If Medicaid enrollment declines at a slower rate than projected or fails to decline as much as projected, … PIT and corporate franchise taxes and largely unrestricted federal aid are expected to total $27.6 billion or more than …
https://www.osc.ny.gov/press/releases/2022/07/dinapoli-releases-analysis-state-financial-planXIV.5 Employee Award Programs – XIV. Special Procedures
… tangible, personal property with a value of up to: $1,600 for qualified plan awards, or $400 for non-qualified … years of service. They plan on presenting the award at a ceremony where the honoree and a guest of their choice will … - All costs associated with the awards and the award ceremony are allowable and may be excluded from the …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xiv/xiv5-employee-award-programsDiNapoli: New York City's Budget Outlook Improves
… New York City’s budget outlook for Fiscal Year (FY) 2025, but funding for education and social services remain … immigration reform.” The city’s Preliminary FY 2025 budget and January Financial Plan enabled the city to … (adjusted for prepayments), close its $7.1 billion FY 2025 budget gap, and reduce its out-year gaps. The January …
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
… the state budget provided dedicated sources of revenue to close projected budget gaps, according to New York State Comptroller Thomas P. DiNapoli’s annual … improved financial picture, the burden is now on the MTA to improve the region’s transit system and win riders back, …
https://www.osc.ny.gov/press/releases/2023/10/dinapoli-mta-avoided-fiscal-crisis-now-it-has-convince-riders-come-back