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DiNapoli: Former Morley Fire Company Treasurer Ordered to Pay $50,000 for Theft of Public Funds
… of the Morley Volunteer Fire Co., Cindi Perkins, was yesterday ordered to pay $50,000 in restitution and sentenced … of the Morley Volunteer Fire Co Cindi Perkins was yesterday ordered to pay $50000 in restitution and sentenced …
https://www.osc.ny.gov/press/releases/2024/01/dinapoli-former-morley-fire-company-treasurer-ordered-pay-50000-theft-public-fundsDiNapoli: MTA Avoided A Fiscal Crisis, Now It Has To Convince Riders To Come Back
… budgets throughout its five-year financial plan through 2027. MTA projects its overall revenue will increase by 4.4% … rising an average of 4% annually from 2023 through 2027 is partially driven by an 8% increase in health and … casinos to provide $500 million in each of 2026 and 2027. Any delay in the casinos’ approval could throw the …
https://www.osc.ny.gov/press/releases/2023/10/dinapoli-mta-avoided-fiscal-crisis-now-it-has-convince-riders-come-backDiNapoli: New State Funds Open Door for MTA to Ease Debt, Build Stronger Future Budgets
… New sources of recurring revenue in the state’s final budget and other aid, including expected … the Metropolitan Transportation Authority an opportunity to ease the pressure that growing debt places on its … Ensuring stronger finances down the road will depend in part on how the MTA chooses to manage debt in the coming …
https://www.osc.ny.gov/press/releases/2023/05/dinapoli-new-state-funds-open-door-mta-ease-debt-build-stronger-future-budgetsDiNapoli: NYC Financial Plan Improved From June
… New York City’s fiscal year (FY) 2023 budget is projected to rise to $109.4 billion (adjusted from … FY 2023. Some items not reflected in the city’s projected budget gaps are also notable. For example, the city assumes … These costs will build over time, contributing to larger budget gaps in FY 2025 ($4.6 billion) and FY 2026 ($5.9 …
https://www.osc.ny.gov/press/releases/2022/12/dinapoli-nyc-financial-plan-improved-junePhysical and Financial Conditions at Selected Mitchell-Lama Developments
… (City) Department of Housing Preservation and Development (HPD), the nation’s largest municipal housing preservation and … developments. As of June 25, 2024, there are 92 HPD-supervised Mitchell-Lama rental and limited-equity co-op … management services, which must be approved in writing by HPD. The managing agents of Mitchell-Lama developments are …
https://www.osc.ny.gov/state-agencies/audits/2026/01/15/physical-and-financial-conditions-selected-mitchell-lama-developmentsNYS Comptroller DiNapoli Prohibits New Russian Investments and Directs Investment Review
… The Fund has consistently been ranked as one of the best managed and best funded plans in the nation. The Fund's fiscal year ends …
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
… than expected. Budget gaps during FY 2024 through FY 2026 will average about $2.7 billion, an amount that has … growth is expected to average 2.4% from FY 2024 to FY 2026, but an unexpected decline would require at least a … programs, risks total more than $3 billion annually by FY 2026, with tax offsets bringing the net risk to about $2.1 …
https://www.osc.ny.gov/press/releases/2022/03/dinapoli-federal-aid-increasing-tax-revenues-and-savings-boost-new-york-citys-surplusDiNapoli Urges NYC to Shore Up Rainy-Day Fund
… downturns by evaluating the city’s rainy-day reserve fund, establishing targets for how much should go into the fund each year and setting the conditions for withdrawals. … downturns by evaluating the citys rainyday reserve fund establishing targets for how much should go into the …
https://www.osc.ny.gov/press/releases/2021/11/dinapoli-urges-nyc-shore-rainy-day-fundPublic-Private Partnerships Potentially a "Good Option" but Financial Risks for Taxpayers Must Be Addressed
… going to pay for that? Public-private partnerships are a good option to look at, but those partnerships don’t come risk-free. It makes good sense for the state to look at public-private …
https://www.osc.ny.gov/press/releases/2011/01/public-private-partnerships-potentially-good-option-financial-risks-taxpayers-must-be-addressedXII.3 Record Retention – Accounts Payable Vouchers and Land Claims – XII. Expenditures
… Each agency should work with its Records Management Officer and SARA officials to ensure its record retention …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xii/xii3-record-retention-accounts-payable-vouchers-and-land-claimsDiNapoli: Orange County Resident Arrested for Stealing Her Late Mother’s Pension Benefits
… for allegedly stealing $51,532.64 of her late mother’s pension payments. “Ms. White thought she could get away with … and sending the message that those who attempt to steal pension benefits will be caught and will face consequences … The investigation revealed that following James’ death, 21 pension payments, totaling $54,047.43, were deposited into …
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
… The new top rates will be the third highest among states and highest in the nation when combined with the New … Financial Plan shows a remarkable improvement in the states financial condition as cumulative fouryear budget gaps …
https://www.osc.ny.gov/press/releases/2021/06/dinapoli-financial-plan-outlook-has-improved-state-should-now-commit-further-increasing-reservesCompliance With Executive Order 95 (Open Data)
… Objectives To determine whether the Department of Environmental Conservation (DEC) is complying with Executive Order 95 (EO 95), including … providing, in a timely manner, publishable State data to the Office of Information Technology Services (ITS) under EO … To determine whether the Department of Environmental Conservation is complying …
https://www.osc.ny.gov/state-agencies/audits/2021/05/27/compliance-executive-order-95-open-dataOrdinary Death Benefit
… Teachers' Retirement System (TRS) is in service to the full retirement age. Memo Bill Text Status … State Teachers Retirement System TRS is in service to the full retirement age …
https://www.osc.ny.gov/legislation/ordinary-death-benefitNYS Comptroller DiNapoli: SEC Upholds Shareholders' Right to Seek Racial Equity Audit
… request to keep the New York State Common Retirement Fund’s shareholder proposal off the ballot at its annual … stand against systemic racism. An independent examination of just how Amazon is addressing racial injustice in its … it pays and in the products it sells, will help ensure the company is confronting institutionalized inequality and the …
https://www.osc.ny.gov/press/releases/2021/04/nys-comptroller-dinapoli-sec-upholds-shareholders-right-seek-racial-equity-auditDiNapoli Releases Analysis of State Financial Plan
… disbursements in SFY 2022-23 of $222.2 billion from All Funds, including $122.7 billion from State Operating Funds. General Fund disbursements (including transfers to other funds) are projected by DOB to total $96.1 billion in SFY …
https://www.osc.ny.gov/press/releases/2022/07/dinapoli-releases-analysis-state-financial-planXIV.5 Employee Award Programs – XIV. Special Procedures
… of any value for cash and cash equivalents, including gift cards or certificates or other intangible property such as … Example – A Business Unit wants to give an employee a $50 gift certificate from the M/C non-cash award program. Result …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xiv/xiv5-employee-award-programsDiNapoli: Lack of Oversight Delayed Access to Emergency Home Repairs for Elderly New Yorkers
… funding under the program. “The RESTORE program has been a vital resource for seniors across our state whose homes may … Program Administrators (LPAs) to carry out services on a local level. DiNapoli’s audit found that errors in the …
https://www.osc.ny.gov/press/releases/2021/07/dinapoli-lack-oversight-delayed-access-emergency-home-repairs-elderly-new-yorkersLinkNYC Program Revenues and Monitoring
… offer free, high-speed Internet access as well as free phone service; a touchscreen tablet interface to access City … services, including 911 emergency and NYC311; free cell phone charging; and digital advertising and public service …
https://www.osc.ny.gov/state-agencies/audits/2021/07/30/linknyc-program-revenues-and-monitoringDiNapoli: Public Must Be Alerted to Sewer Overflow Problems
… events, potentially putting the public at risk, according to an audit of the Department of Environmental Conservation … is crucial so the public can avoid exposure. I urge DEC to redouble efforts to make sure all municipal sewer systems are complying with … events potentially putting the public at risk according to an audit of the DEC …
https://www.osc.ny.gov/press/releases/2020/10/dinapoli-public-must-be-alerted-sewer-overflow-problems