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DiNapoli: Economic and Tax Collection Growth Slowing in New York City
… economic growth and conservative tax revenue forecasts in recent years,”DiNapoli said. “While the city’s economy is … report notes that the out-year budget gaps are relatively small as a share of city fund revenues (averaging 4.2 … also include a general reserve of $1 billion that could be used to narrow the gaps. Additionally, the city continues to …
https://www.osc.ny.gov/press/releases/2016/08/dinapoli-economic-and-tax-collection-growth-slowing-new-york-cityDiNapoli: Wall Street Profits Surge Again, Giving New York a Fiscal Boost
… the broker/dealer operations of New York Stock Exchange (NYSE) member firms. There are 130 NYSE member firms, down from more than 200 in 2007 before the … double the average in the rest of the nation ($238,200). NYSE member firms spent nearly 10% more on all forms of …
https://www.osc.ny.gov/press/releases/2025/10/dinapoli-wall-street-profits-surge-again-giving-new-york-fiscal-boostOpinion 90-62
… duly elected to and holding office (see Sullivan v Taylor , 279 NY 364, 18 NE2d 531; cf . former Highway Law, …
https://www.osc.ny.gov/legal-opinions/opinion-90-62As Racial Homeownership Disparities Persist, State's Mortgage Agency Increases Lending to Minority and Low-Income Borrowers
… of New York Mortgage Agency (SONYMA) has boosted lending and programs for minority households and economically disadvantaged communities, increasing its share of loans provided to low-income and minority borrowers over the last 10 years. However, wide … The St of NY Mortgage Agency boosted lending and programs for minority households and economically …
https://www.osc.ny.gov/press/releases/2025/06/racial-homeownership-disparities-persist-states-mortgage-agency-increases-lending-minority-and-lowOpinion 90-34
… that bear on the issues discussed in the opinion. FOREIGN FIRE INSURANCE TAXES -- Recipients (emergency rescue and … An emergency rescue and first aid squad within a village fire department is not entitled to receive foreign fire insurance tax moneys unless authorized by a special law. …
https://www.osc.ny.gov/legal-opinions/opinion-90-34State Comptroller DiNapoli Releases Audits
… federal COVID-19 support. ESD awarded the entirety of the $760 million allocated for small businesses to 40,842 applicants, with an average grant amount of $18,608. Auditors found ESD awarded almost $4.1 million to … type, need, or factors established in the original goals of the Program when awarding grants, instead favoring a …
https://www.osc.ny.gov/press/releases/2025/05/state-comptroller-dinapoli-releases-auditsEast Ramapo Central School District – Budget Review (B25-5-2)
… and expenditure projections in the Districts adopted 202425 budget were reasonable …
https://www.osc.ny.gov/local-government/audits/school-district/2025/04/03/east-ramapo-central-school-district-budget-review-b25-5-2State Comptroller DiNapoli and Department of Financial Services Superintendent Harris Designate New Banking Development District Branch To Support Community Banking in Red Hook
… Comptroller’s office makes public deposits available to banks and credit unions to open or maintain a bank branch. … state's Banking Development District program helps bring banks where they are desperately needed and invests in their … Adrienne A Harris today announced the approval of Spring Banks Red Hook Branch as a Banking Development District BDD …
https://www.osc.ny.gov/press/releases/2025/03/state-comptroller-dinapoli-and-department-financial-services-superintendent-harris-designate-newOpinion 89-36
… of five years) GENERAL MUNICIPAL LAW, §6-c(4), (8): There are no permissive referendum requirements either to establish … referendum requirements of General Municipal Law, §6-c are applicable to the establishment of a capital reserve fund … or mandatory referendum only if such obligations are to have a maturity of more than five years or not less …
https://www.osc.ny.gov/legal-opinions/opinion-89-36State Comptroller DiNapoli Releases Municipal Audits
… of Palatine , Town of St. Armand , Sullivan County and the Town of Tonawanda . "In today's fiscal climate, budget … and operations, my office continues to provide taxpayers the assurance that their money is being spent appropriately … Financial Activities (Clinton County) Current officials of the participating municipalities were unaware they had …
https://www.osc.ny.gov/press/releases/2017/11/state-comptroller-dinapoli-releases-municipal-audits-1Opinion 88-7
… views of the Office of the State Comptroller at the time it was rendered. The opinion may no longer represent those views if, among other things, there have been subsequent court cases or statutory amendments that … provisions, File No. 3046 concluded that: ". . . there is grave doubt that the current debt service of $7,000 (for …
https://www.osc.ny.gov/legal-opinions/opinion-88-7State Agencies Bulletin No. 845
… establishment of guidelines and procedures for employee vs. independent contractor determinations can, if followed, …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/845-agency-compliance-internal-revenue-service-irs-policy-regarding-workerOpinion 96-3
… This opinion represents the views of the Office of the State Comptroller at the time it was rendered. The … bear on the issues discussed in the opinion. CONFLICTS OF INTEREST -- Engineering Services (environmental review by … contract enters a competitive bidding process and the cost of the review and planning is charged as a fee to applicants …
https://www.osc.ny.gov/legal-opinions/opinion-96-3Opinion 92-42
… is paid to the town under a contract (see, e.g., 1988 Opns St Comp No. 88-41, p 81; 1985 Opns St Comp No. 85-37, p 51; 1983 Opns St Comp No. 83-103, p 127; 29 Opns St Comp, 1973, p 122). It …
https://www.osc.ny.gov/legal-opinions/opinion-92-42Opinion 91-62
… on the issues discussed in the opinion. REAL PROPERTY -- Gifts (from village to school district public library) … (with reservation of right to use) CONSTITUTIONAL LAW -- Gifts and Loans (gift of property from village to public … Article VIII, §1 prohibits municipalities from making gifts or loans of their property to or in aid of any …
https://www.osc.ny.gov/legal-opinions/opinion-91-62Great Neck Park District – Capital Assets (2025M-27)
… unaware of any District procedures requiring a barcode label to be affixed to capital assets (i.e., equipment), and …
https://www.osc.ny.gov/local-government/audits/district/2025/12/12/great-neck-park-district-capital-assets-2025m-27Oversight of Nurse Licensing
… Purpose To determine if the State Education Department (the Department): independently verifies information submitted by … the period April 1, 2014 to April 18, 2017. Background The Department oversees the licensure and practice of the … To determine if State Education Department independently verifies information submitted by …
https://www.osc.ny.gov/state-agencies/audits/2017/09/29/oversight-nurse-licensingState Agencies Bulletin No. 719
… Purpose To explain OSC’s automatic processing of the increase to base salary and the ending of Security Enforcement … To explain OSCs automatic processing of the increase to base salary and the ending of Security Enforcement …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/719-march-31-2007-salary-increase-and-ending-other-payments-certainOpinion 2000-21
… or statutory amendments that bear on the issues discussed in the opinion. FIRE DISTRICTS -- Establishment of (joint … TOWNS -- Fire Districts and Fire Protection (participation in establishment of joint fire district) TOWN LAW §189-a; VILLAGE LAW §22-2210: In the case of the proposed formation of a joint fire …
https://www.osc.ny.gov/legal-opinions/opinion-2000-21Opinion 2002-13
… that bear on the issues discussed in the opinion. FOREIGN FIRE INSURANCE TAXES -- Particular Uses (funding fire department sports or recreational teams); (paying expenses of fire departments' annual fund-raising drive) INSURANCE LAW … Whether foreign fire insurance tax monies received by a fire district …
https://www.osc.ny.gov/legal-opinions/opinion-2002-13