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State Comptroller Thomas P. DiNapoli Statement on Mayor's Executive Budget Update
… upward revisions in spending. The Fiscal Year 2025 budget is now expected to exceed $115 billion, up from nearly $111 … at the same time last year. This outcome is evidence of why it is important to remain laser focused on growing the … measures. “The city is also being more transparent about a number of budgetary risks raised by my office, a prudent …
https://www.osc.ny.gov/press/releases/2024/04/state-comptroller-thomas-p-dinapoli-statement-mayors-executive-budget-updateDiNapoli: New York City's Budget Outlook Improves
… social services remain uncertain in the future, according to State Comptroller Thomas P. DiNapoli’s analysis of the … budget gaps are still large and tough choices remain ahead to fund essential education programs and social services,” … influx 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: Housing Cost Burdens for New Yorkers Among Nation's Highest
… (HCVs) and authorizing additional Low-Income Housing Tax Credits (LIHTCs) and Private Activity Bonds (PABs). LIHTC is … allocated for housing, including capital spending, tax credits, operating spending and local assistance. In …
https://www.osc.ny.gov/press/releases/2024/02/dinapoli-housing-cost-burdens-new-yorkers-among-nations-highestDiNapoli: Environmental Facilities Corporation Faces Significant Funding Backlog for Essential Water Infrastructure Projects
… water quality improvement projects. EFC should investigate why some spending has lagged and assess how to encourage more …
https://www.osc.ny.gov/press/releases/2024/04/dinapoli-environmental-facilities-corporation-faces-significant-funding-backlog-essential-waterDiNapoli: Local Governments Should Improve Enforcement of State Fire Code Regulations
… preschools, libraries and shopping malls, according to an audit released today by State Comptroller Thomas P. … and three villages. “Local officials must do their part to keep fire safety a priority,” said DiNapoli. “By neglecting to properly implement these regulations, New Yorkers may be …
https://www.osc.ny.gov/press/releases/2015/05/dinapoli-local-governments-should-improve-enforcement-state-fire-code-regulationsDiNapoli: 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
… Authority (MTA) today stands on firmer financial ground, largely because the state budget provided dedicated … Transportation Authority today stands on firmer financial ground largely because the state budget provided dedicated …
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
… In the past, the MTA has used a debt structuring approach called “backloading” to balance its short-term budgets, … debt can determine whether it remains on firm financial ground or whether it comes back to riders, toll payers and …
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
… and implementing a Program to Eliminate the Gap (PEG) initiative to save a net of $859 million in FY 2023. The city … savings of $1.1 billion by the end of the plan period (FY 2026), but this will not be enough to counter an increase in … New York . Under State Comptroller DiNapoli’s open data initiative, search millions of state and local government …
https://www.osc.ny.gov/press/releases/2022/12/dinapoli-nyc-financial-plan-improved-junePhysical and Financial Conditions at Selected Mitchell-Lama Developments
… developments supervised by the New York City Department of Housing Preservation and Development are being maintained in a manner that protects the health and safety of residents and whether funds at these developments are … families. The New York City (City) Department of Housing Preservation and Development (HPD), the nation’s …
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
… has directed staff to prohibit all new investments in Russian companies and to review the New York State Common … of Ukraine has led to unprecedented sanctions against Russian companies and individuals,” DiNapoli said. “While … American sanctions already prohibit investments in many Russian companies, I believe it is prudent to freeze …
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
… (involving students with disabilities) and charter school spending. Combined with risks for funding MTA bus and …
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
… Thomas P. DiNapoli urged New York City officials to better prepare for financial 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 … law enabling the use of these funds, called on the city to define how these resources are accumulated and used. …
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
… associated with forming those partnerships, according to a report released today by State Comptroller Thomas P. … DiNapoli said. “The big question is, how are we going to pay for that? Public-private partnerships are a good option to look at, but those partnerships don’t come risk-free. It …
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
… documentation supporting payments for Accounts Payable and Land Claims processed in the Statewide Financial System (SFS) … please see Chapter XI-A.9, Section 7 - Record Retention. Land Claims Due to the nature of payments for the purchase of land, agencies must maintain all original documentation …
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
… thought she could get away with hiding her mother’s death from the retirement system to steal over $50,000. She was … White. White, 57, withdrew approximately $8,000 in cash from the account and made $51,532.64 in other personal …
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
… bolster reserve funds beyond planned levels to help us to weather the next crisis or recession.” Financial Plan … only $825 million in total deposits to the rainy day fund reserves are planned in SFY 2021-22, bringing total … General Fund SFY 2021-22 disbursements, or less than 14 days of average daily disbursements. Risks The report …
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 … providing, in a timely manner, publishable State data to the Office of Information Technology Services (ITS) under … To determine whether the Department of Environmental …
https://www.osc.ny.gov/state-agencies/audits/2021/05/27/compliance-executive-order-95-open-dataNYS Comptroller DiNapoli: SEC Upholds Shareholders' Right to Seek Racial Equity Audit
… Retirement Fund’s shareholder proposal off the ballot at its annual shareholders’ meeting. DiNapoli had announced …
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
… the Division of the Budget (DOB) projects fiscal stability for the next five years and includes plans to bolster rainy … SFY 2022-23, increasing to $115.8 billion by SFY 2026-27, for an average annual growth of 4.8%. General Fund receipts … Fund spending reflects continuing temporary funding for pandemic recovery and the health care and direct care …
https://www.osc.ny.gov/press/releases/2022/07/dinapoli-releases-analysis-state-financial-plan