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DiNapoli: State Pension Fund Investments Return 5.84% for State Fiscal Year 2024-25
… tied to the state fiscal year. DiNapoli noted that while yearly returns vary, the Fund has delivered a five-year rate … been ranked as one of the best managed and best funded plans in the nation. Links Funds historic value and rate of …
https://www.osc.ny.gov/press/releases/2025/06/dinapoli-state-pension-fund-investments-return-584-state-fiscal-year-2024-25Federal Impact on Higher Education – Federal Funding and New York
… anticipated federal actions will have a significant impact on higher education in New York. As noted by the Office of … higher education (IHEs) are threatened by federal action on student aid, international student enrollment and support … signed into law as Public Law (P.L.) No: 119-21, enacted on July 4, 2025, will impact college affordability and choice …
https://www.osc.ny.gov/reports/budget/fed-funding-ny/federal-impact-higher-educationEfforts to Collect Tolls and Fees Using License Plate Images and Law Firms (2017-S-70)
To determine whether the Triborough Bridge and Tunnel Authority has taken action to collect unpaid tolls and fees using outside law firms and to minimize...
https://www.osc.ny.gov/files/state-agencies/audits/pdf/sga-2018-17s70.pdfDiNapoli: DOH Needs to Improve Drug Rebate Collections
… $4.3 million in inappropriate payments in an audit of Medicaid claims processing from Oct. 1, 2014 through March … to reduce state and federal expenditures for Medicaid prescription costs. Since January 1991, New York state has … Medicaid Drug Rebates , or go to: http://www.osc.state.ny.us/audits/allaudits/093016/15s1.pdf Read the audit, …
https://www.osc.ny.gov/press/releases/2016/01/dinapoli-doh-needs-improve-drug-rebate-collectionsState Police Bulletin No. SP-167
… Officers Unit (CO/NCO) – BU17 and the State Police Investigators Unit (BCI) – BU62 who meet … eligibility criteria Background Pursuant to Chapter 234 and 235 of the Laws of 2015 which implemented the 2011-2018 Agreements between the State of New York and the Police Benevolent Association of the New York State …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-police/sp-167-2016-state-police-education-paymentDiNapoli: MTA Budget Outlook Improves
… plan period, yet it still plans to raise fares and tolls by 15 percent over a three-year period, according to an … Other findings of the analysis include: Fares and tolls have risen much faster than inflation over the past six … railroads have increased by 32 percent and E-ZPass tolls on the MTA’s major bridges and tunnels have risen by 33 …
https://www.osc.ny.gov/press/releases/2013/09/dinapoli-mta-budget-outlook-improvesOpinion 90-18
… General Municipal Law, §103. General Municipal Law, §103(1) provides, with certain exceptions, that: ... all contracts … mod on other grnds 51 NY2d 426, 434 NYS2d 922; 1988 Opns St Comp No. 88-35, p 65; see General Municipal Law, §100-a). … §2803-a without compliance with section 103 (see 1989 Opns St Comp No. 89-2, p 6). Also, it has been held that services …
https://www.osc.ny.gov/legal-opinions/opinion-90-18State Agencies Bulletin No. 2200
… agencies of the updated IRS (Internal Revenue Service) tax withholding requirements for 2024 and other tax related topics. Affected Employees: Employees meeting the … with the new Federal withholding rates for 2024. New York tax requirements for 2024 remain unchanged from 2023. OSC …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2200-summary-tax-related-changes-2024State Agencies Bulletin No. 2311
… Revenue Service) tax withholding requirements for 2025 and other tax related topics. Affected Employees: … are affected. Effective Dates: Effective January 1, 2025 through December 31, 2025. OSC Actions: OSC has updated PayServ with the new … Internal Revenue Service tax withholding requirements for 2025 and other tax related topics …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2311-summary-tax-related-changes-2025State Agencies Bulletin No. 1818
… not signed, the 2020-21 State budget or a budget extender bill to provide for the continuing operation of State … Executive Branch* employees paid on the Administration pay cycle may be affected. *This does not apply to employees … signs the 2020-21 State budget or a budget extender bill to provide for the continuing operation of State …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1818-possible-delay-direct-deposit-funds-and-paycheck-distribution-april-1Oversight of the Early Intervention Program
… Objective To determine whether the New York State Department of Health (Department) is effectively administering the Early Intervention Program (Program) in compliance with all applicable laws and regulations and … To determine whether the Department of Health was effectively administering the …
https://www.osc.ny.gov/state-agencies/audits/2023/02/28/oversight-early-intervention-programState Comptroller DiNapoli Releases Municipal & School Audits
… P. DiNapoli today announced the following local government and school audits were issued. Village of Corinth – … (Saratoga County) Village officials did not develop and manage a comprehensive investment program. During the … when investing available funds. Town of Glen – Water and Sewer Operations (Montgomery County) Town officials did …
https://www.osc.ny.gov/press/releases/2024/04/state-comptroller-dinapoli-releases-municipal-school-auditsBorrowing Against Your Contributions – Special 20- and 25-Year Plans
… repaying them. How Much You Can Borrow The minimum loan is $25. The maximum loan is 75 percent of your annuity … charge of $45, which will be deducted from your loan when it is issued. Prior to retirement, and 30 days after … causes your loans in total to exceed the federal limits for nontaxable loans. Exceeding these limits could result in …
https://www.osc.ny.gov/retirement/publications/1517/borrowing-against-your-contributionsHomeless Outreach Program at the Metro-North Railroad
… United States. As of December 2017, Metro-North had 123 stations (not including Grand Central Terminal) distributed … Fairfield). The presence of the homeless at Metro-North stations is a growing concern for Metro-North customers and … for carrying out regular visits to the Metro-North stations to observe, record, and to engage in homeless …
https://www.osc.ny.gov/state-agencies/audits/2019/02/21/homeless-outreach-program-metro-north-railroadDiNapoli: Capital Planning Problems Persist at NYRA
… Problems with capital planning remain for the New York Racing Association (NYRA) years after a … that conveyed all rights, titles, and interests in the racetrack properties to New York State in return for a financial assistance package. As part of this package, the state forgave nearly all of NYRA’s debt obligations …
https://www.osc.ny.gov/press/releases/2015/10/dinapoli-capital-planning-problems-persist-nyraDiNapoli: Tax Cap Remains at 2% for 2025
… Property tax levy growth will be capped at 2% for 2025 for local governments that operate on a calendar-based fiscal year, according to data released today by State Comptroller Thomas P. DiNapoli. … with state law, DiNapoli’s office calculated the 2025 inflation factor at 3.30% for those local governments …
https://www.osc.ny.gov/press/releases/2024/07/dinapoli-tax-cap-remains-2-percent-2025DiNapoli: Tax Cap Set at 2% in 2024
… Comptroller Thomas P. DiNapoli. This figure affects tax cap calculations for all counties, towns and fire districts, as well as 44 cities and 13 villages. … of the higher costs facing these localities. The tax cap, which first applied to local governments and school …
https://www.osc.ny.gov/press/releases/2023/07/dinapoli-tax-cap-set-2-percent-2024DiNapoli: School District Tax Levy Cap at 2%
… school and local communities are faced with the rapid increase in inflation, pandemic surge, and trying to …
https://www.osc.ny.gov/press/releases/2022/01/dinapoli-school-district-tax-levy-cap-2-percentCollege at Buffalo – Selected Employee Travel Expenses
… Purpose To determine whether the use of travel monies by selected government employees complied with … spend between $100 million and $150 million each year on travel expenses. These expenses, which are discretionary and … fuel, and incidental costs such as airline baggage and travel agency fees. As part of a statewide initiative to …
https://www.osc.ny.gov/state-agencies/audits/2013/07/31/college-buffalo-selected-employee-travel-expensesCollege at Purchase – Selected Employee Travel Expenses
… selected employee was responsible for arranging overflow student housing at local hotels each fall semester when on campus housing was exhausted, charging these expenses to her procurement card. Housing … written study to examine the options for alleviating the student housing shortage and to ensure the most efficient use …
https://www.osc.ny.gov/state-agencies/audits/2013/02/14/college-purchase-selected-employee-travel-expenses