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DiNapoli: NYC Finances Strong But Slowing Economy Presents Risks
… economy given current developments. To their credit, Mayor de Blasio and the City Council have prudently increased the city’s reserves in recent years.” In January, Mayor de Blasio released his preliminary executive budget for …
https://www.osc.ny.gov/press/releases/2016/02/dinapoli-nyc-finances-strong-slowing-economy-presents-risksDiNapoli Announces $2B Strategic Partnership With Goldman Sachs Asset Management For Global Equity Investments
… of its kind for the Fund. “This innovative partnership gives the New York State Common Retirement Fund full access to world class global equity investment opportunities and the nimbleness to take advantage of them on a timely basis,” DiNapoli said. “Identifying new …
https://www.osc.ny.gov/press/releases/2014/09/dinapoli-announces-2b-strategic-partnership-goldman-sachs-asset-management-global-equity-investmentsDiNapoli: New York City's Budget Outlook Improves
… cost savings benefited New York City’s budget outlook for Fiscal Year (FY) 2025, but funding for education and social services remain uncertain in the future, according to State Comptroller Thomas P. DiNapoli’s analysis of the city’s latest financial plan . “New York City’s …
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 … safe, clean and on time transit system that riders want to use. If riders don’t continue to come back, the MTA risks … million in 2027. For example, the MTA has yet to identify how it will achieve all of the $500 million in annual savings …
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
… final 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 … . Under State Comptroller DiNapoli’s open data initiative, search millions of state and local government financial …
https://www.osc.ny.gov/press/releases/2023/05/dinapoli-new-state-funds-open-door-mta-ease-debt-build-stronger-future-budgetsDiNapoli: Federal Aid, Increasing Tax Revenues and Savings Boost New York City's Surplus
… New York City is expecting to generate a surplus of $3.7 billion in fiscal year (FY) … future expenses in other ways. The city currently plans to use the entire surplus generated this fiscal year to prepay a … financial and commodity market volatility, supply chain issues and the number of workers returning to the …
https://www.osc.ny.gov/press/releases/2022/03/dinapoli-federal-aid-increasing-tax-revenues-and-savings-boost-new-york-citys-surplusOrdinary Death Benefit
… – Signed into law on December 16, 2022 as Chapter 720 of the laws of 2022 – A.7730/S.6619-A (Abbate/Gounardes) - … the New York State Teachers' Retirement System (TRS) is in service to the full retirement age. Memo Bill Text Status … and the New York State Teachers Retirement System TRS is in service to the full retirement age …
https://www.osc.ny.gov/legislation/ordinary-death-benefitDiNapoli Releases State Cash Report
… Tax revenues of $3.9 billion in May were stronger than projected, with collections for the fiscal year … State operations totaled $3.1 billion through May 31, which was $63.2 million less than planned. Debt service … General Fund and All Governmental Funds. The General Fund is the major operating fund of the state. All Governmental …
https://www.osc.ny.gov/press/releases/2015/06/dinapoli-releases-state-cash-reportLinkNYC Program Revenues and Monitoring
… (DoITT) monitored the contract to ensure that Links (technologically advanced telecommunication structures) … advanced telecommunication structures, otherwise known as Links, that offer free, high-speed Internet access as well as …
https://www.osc.ny.gov/state-agencies/audits/2021/07/30/linknyc-program-revenues-and-monitoringDiNapoli: Former Medical Office Manager Pleads Guilty to Defrauding New York State Health Insurance Plan
… that Gina Bradshaw, an office manager for numerous doctors’ offices in Manhattan, has pleaded guilty to … the investigators from across the state whose dedicated service led to accountability for the defendant in this … Maybrook, N.Y., worked as an office manager for multiple doctors in Manhattan. Through her husband’s employment with …
https://www.osc.ny.gov/press/releases/2024/05/dinapoli-former-medical-office-manager-pleads-guilty-defrauding-new-york-state-health-insurance-planDiNapoli: Environmental Facilities Corporation Faces Significant Funding Backlog for Essential Water Infrastructure Projects
… projects than any other state, but the resources needed to address aging infrastructure and related challenges remain … that provides financing assistance through grants, loans, and technical expertise to state and local entities, … resources along with state funds to provide subsidized loans and grants to municipalities for drinking water, …
https://www.osc.ny.gov/press/releases/2024/04/dinapoli-environmental-facilities-corporation-faces-significant-funding-backlog-essential-waterDiNapoli: Coney Island and Brighton Beach Jobs Doubled Over Last Decade
… today of Brooklyn’s Coney Island and Brighton Beach, where the amusement parks, boardwalk and “Little Odessa” have … who live and work in the area, its strong economic growth is tempered by poverty rates and housing cost burdens which … have faced incredible hardship. Yet, this report proves what we already know: Brooklyn always finds a way. I am so …
https://www.osc.ny.gov/press/releases/2024/09/dinapoli-coney-island-and-brighton-beach-jobs-doubled-over-last-decadeDiNapoli: Albany Man Pleads Guilty to Stealing More Than $230,000 From Elderly State Pensioner
… over $230,000 from an elderly victim. His co-defendant in this caretaker scheme, Amber Diacetis, a 31-year-old … pension and social security benefits while forcing him to live in squalor in his own home is reprehensible,” DiNapoli … he earned over a lifetime of work while forcing him to live in absolute squalor," James said. I want to thank our …
https://www.osc.ny.gov/press/releases/2025/04/dinapoli-albany-man-pleads-guilty-stealing-more-230000-elderly-state-pensionerDiNapoli: New York May Be Paying Medicaid Premiums for People Living Out-of-State
… those services. In exchange, DOH pays the plans a monthly premium for each enrolled member. Generally speaking, if a … in October 2019. The audit identified $1.5 billion in premium payments that were made from 2017 to 2019 for … in NY since February 2020, but Medicaid made 45 monthly premium payments totaling $100,859 from June 2020 through …
https://www.osc.ny.gov/press/releases/2025/09/dinapoli-new-york-may-be-paying-medicaid-premiums-people-living-out-stateXIII.2 Overview – XIII. Employee Expense Reimbursement
… SECTION OVERVIEW AND POLICY Agencies are responsible for ensuring employees adhere to all employee … policies outlined in this guide, as well as all relevant rules and regulations. Only State employees may be paid … required information and documentation, including receipts where required, prior to being submitted for approval. To …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xiii/xiii2-overviewTown of Grand Island – Internal Controls Over Fuel Purchases (2013M-182)
… Purpose of Audit The purpose of our audit was to evaluate internal … 14, 2013. Background The Town of Grand Island is located in Erie County and has a population of approximately 20,400 … by authorized employees. There were no procedures in place to regularly monitor fuel transactions for …
https://www.osc.ny.gov/local-government/audits/town/2013/09/06/town-grand-island-internal-controls-over-fuel-purchases-2013m-182Western Regional Off-Track Betting Corporation – Oversight of Take-Home Vehicles (2021M-52)
… Objective Determine whether the Western Regional Off-Track Betting Corporation (Corporation) Board of Directors (Board) … action. … Determine whether the Western Regional OffTrack Betting Corporation Corporation Board of Directors Board …
https://www.osc.ny.gov/local-government/audits/off-track-betting/2021/09/23/western-regional-off-track-betting-corporation-oversight-take-homeSouthern Westchester Board of Cooperative Educational Services – Information Technology (2024M-38)
… Objective Determine whether Southern Westchester Board of Cooperative Educational Services (BOCES) officials secured … properly safeguarded from inappropriate use and access. In addition to sensitive IT control weaknesses that we … system and 40 IT assets were not properly recorded in the system. Key Recommendations Develop written …
https://www.osc.ny.gov/local-government/audits/boces/2024/08/09/southern-westchester-board-cooperative-educational-services-information-technology2023 Corporate Governance Stewardship Report
Our Corporate Governance Program works to help protect the New York State Common Retirement Fund’s long-term value by exercising prudent stewardship of our portfolio by engaging with the public companies we invest in on key environmental, social, and governance issues that have a financial impact.
https://www.osc.ny.gov/files/reports/special-topics/pdf/2023-corporate-governance-stewardship-report.pdfCybersecurity Month Cybersecurity Foundations
Cybersecurity Awareness Month is an annual effort which aims to highlight emerging challenges that exist in the world of cybersecurity today and provide straightforward, actionable guidance to help create a safe and secure digital world. Learn about this year’s themes and other foundational IT contr
https://www.osc.ny.gov/files/local-government/academy/pdf/cybersecurity-month-cybersecurity-foundations-10-3-22.pdf