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DiNapoli: Investment in Upstate Company Returns $33.8 Million to State Pension Fund
… (Fund) received a $33.8 million return from its investment in Autotask, an IT company located near Albany, according to … pension fund, which made six times our original investment in Autotask,”said DiNapoli. “As part of the Fund’s diverse investment strategy, the In-State Program helps provide retirement security for state …
https://www.osc.ny.gov/press/releases/2014/08/dinapoli-investment-upstate-company-returns-338-million-state-pension-fundDiNapoli: Investment in Rochester Company Returns $6.7 Million to State Pension Fund
… internal rate of return for the New York State Common Retirement Fund (Fund), New York State Comptroller Thomas P. … “The success of the 5LINX investment is another example of how the In-State Private Equity Program delivers positive … New York State’s Common Retirement Fund. 5LINX has gone on to experience significant growth and business success …
https://www.osc.ny.gov/press/releases/2014/02/dinapoli-investment-rochester-company-returns-67-million-state-pension-fundDiNapoli: Contractor Sentenced in Federal Court for Defrauding State of Over $360,000
… A former state contractor who pleaded guilty to federal fraud charges earlier this year, as a result of a … Preet Bharara, was sentenced today to a year and one day in prison and ordered to pay a total of $721,112 in … meant to screen individuals for cancer and used the money to fund his lavish lifestyle of world traveling and …
https://www.osc.ny.gov/press/releases/2014/09/dinapoli-contractor-sentenced-federal-court-defrauding-state-over-360000NYS Comptroller DiNapoli: Wall Street Profits and Bonuses Up Sharply in 2017
… and includes cash bonuses for the current year and bonuses deferred from prior years that have been cashed in. The … estimate does not include stock options or other forms of deferred compensation for which taxes have not been withheld. DiNapoli …
https://www.osc.ny.gov/press/releases/2018/03/nys-comptroller-dinapoli-wall-street-profits-and-bonuses-sharply-2017DiNapoli: New York City Projects Surplus in 2017 Despite Slower Tax Collections
… to a report released today by New York State Comptroller Thomas P. DiNapoli. "The city’s economy is strong, but job growth …
https://www.osc.ny.gov/press/releases/2016/12/dinapoli-new-york-city-projects-surplus-2017-despite-slower-tax-collectionsDiNapoli: New York State Ranked First Nationwide in Nonprofit Jobs And Organizations
… New York state ranked first nationwide in nonprofit jobs and organizations, with nearly 1.3 million employees and more than 31,000 organizations in 2012, according to a report released today by State … more than 18 percent of all private sector employment in the state. “Nonprofits take care of New Yorkers, whether …
https://www.osc.ny.gov/press/releases/2016/12/dinapoli-new-york-state-ranked-first-nationwide-nonprofit-jobs-and-organizationsDiNapoli: Value of IDA Projects Grew 10% in 2021 to $126 Billion
… by State Comptroller Thomas P. DiNapoli. The number of IDA projects increased by 1.5%. “IDAs can play an important … are supposed to. Publishing this information, including IDA costs, helps to increase their accountability.” Since 2011, the number of active IDA projects has remained relatively stable, but total …
https://www.osc.ny.gov/press/releases/2023/04/dinapoli-value-ida-projects-grew-10-percent-in-2021-to-126-billionDiNapoli: State Missed Out on Over $180 Million in Medicaid Drug Rebates
… more.” The Medicaid Drug Rebate Program (MDRP) was created in 1990 to lower government expenses. DOH is supposed to … still found that DOH’s continuing errors and weaknesses in following the rebate procedures resulted in the state missing out on $183.7 million. The largest …
https://www.osc.ny.gov/press/releases/2023/04/dinapoli-state-missed-out-over-180-million-medicaid-drug-rebatesDiNapoli: Local Sales Tax Collections Grew 12.7% to $22.1 Billion in 2022
… Local government sales tax collections in New York state totaled $22.1 billion in … P. DiNapoli. “The pandemic created significant sales tax volatility over the past few years, first with a major … then with a strong rebound,” DiNapoli said. “Sales tax growth has remained strong for a sustained stretch as …
https://www.osc.ny.gov/press/releases/2023/02/dinapoli-local-sales-tax-collections-grew-127-221-billion-2022DiNapoli: Tax Collections Down $1.3 Billion in First Half of Fiscal Year
… the mid-point of the fiscal year, were below collections in five of the first six months of last year. Collections … were $918.7 million lower than original projections in the Enacted Budget Financial Plan, but $11.3 million … drop of 3 percent, or $734.3 million, from the same period in SFY 2015-16. PIT collections were $1.2 billion below …
https://www.osc.ny.gov/press/releases/2016/11/dinapoli-tax-collections-down-13-billion-first-half-fiscal-yearDiNapoli: Daughter Allegedly Stole Over $240K in Deceased Father's NYS Pension Payments
… Alayne Bertolino for allegedly stealing more than $240,000 in New York state pension payments made to her deceased … is handling the prosecution of this case. “Building trust in public institutions requires us to hold people accountable … as a detective from the Nassau County Police Department in 1991 and was receiving a pension via direct deposit into a …
https://www.osc.ny.gov/press/releases/2023/03/dinapoli-daughter-allegedly-stole-over-240k-deceased-fathers-nys-pension-paymentsDiNapoli Statement on Guilty Plea in Federal Court of Cancer Care Provider
… statements related to health care matters. He agreed to pay $360,556 in restitution. Last year, DiNapoli referred an … Park pleaded guilty to federal mail fraud and agreed to pay $2 million in restitution in a matter stemming from the … Fraud Hotline at 1-888-672-4555, by filing a complaint online at [email protected] , or by mailing a …
https://www.osc.ny.gov/press/releases/2014/04/dinapoli-statement-guilty-plea-federal-court-cancer-care-providerDiNapoli: Rise in NYC Metro Area Housing Costs Outpaces Other U.S. Cities
… Housing costs in New York City and the surrounding suburbs have grown more … largest increase among selected major metropolitan areas in the U.S., according to a new report from New York State Comptroller Thomas P. DiNapoli. “Housing costs in New York City and the surrounding suburbs have risen …
https://www.osc.ny.gov/press/releases/2024/01/dinapoli-rise-nyc-metro-area-housing-costs-outpaces-other-us-citiesDiNapoli Op-Ed: We Should Be Teaching Financial Literacy in NY's High Schools
… literacy should be taught in all New York schools. When students take a financial literacy course, they learn … could impact their long-term financial success and quality of life. There is no question that investing in financial … asking: “What knowledge, skills, and/or experiences do you think are important for all students to have by the …
https://www.osc.ny.gov/press/releases/2024/02/dinapoli-op-ed-we-should-be-teaching-financial-literacy-nys-high-schoolsDiNapoli: Audit Recommends Labor Department Step Up Investigations of Violations in NYC
… Weaknesses in how the state Department of Labor (DOL) investigates labor law violations in New York … up the investigation and resolution of cases. At a time when increased vigilance is needed, the department must do more to ensure labor violations in New York City are …
https://www.osc.ny.gov/press/releases/2024/01/dinapoli-audit-recommends-labor-department-step-investigations-violations-nycDiNapoli Op-Ed: New York Needs to Boost Financial Education in Our Schools
… is below: New York needs to boost financial education in our schools Young people in New York have a great knowledge of many subjects, but they … program. I issued an Executive Order on Financial Literacy in 2019 directing my office to identify ways to enhance New …
https://www.osc.ny.gov/press/releases/2023/11/dinapoli-op-ed-new-york-needs-boost-financial-education-our-schoolsNY State Comptroller DiNapoli Announces New $50 Million Investment in Northern Ireland
… New York State Comptroller Thomas P. DiNapoli was joined in Belfast by Joseph Kennedy III, U.S. Department of State … to announce a new $50 million commitment to invest in Northern Ireland companies from the New York State Common … economic relationship,” DiNapoli said. “Our commitments in Northern Ireland have provided a solid return and that’s …
https://www.osc.ny.gov/press/releases/2023/10/ny-state-comptroller-dinapoli-announces-new-50-million-investment-northern-irelandDiNapoli: Huntington Man Charged With Stealing Over $56,000 in State Pension Payments
… to collect and spend her pension payments. The stolen funds were traced from his mother’s bank account into his bank account, where he thereafter spent the funds. In June of 2023, Johnson was interviewed by …
https://www.osc.ny.gov/press/releases/2023/10/dinapoli-huntington-man-charged-stealing-over-56000-state-pension-paymentsDiNapoli: Court Clerk Pleads Guilty to Stealing More Than $10,000 in Fines
… the toll-free Fraud Hotline at 1-888-672-4555, by filing a complaint online at investigations@osc.ny.gov , or by mailing a complaint to: Office of the State … of Investigations, 14th Floor, 110 State St., Albany, NY 12236. Review prior cases at …
https://www.osc.ny.gov/press/releases/2017/03/dinapoli-court-clerk-pleads-guilty-stealing-more-10000-finesDiNapoli: State Missing Out on Millions in Medicare Payments for Kidney Patients
… certain eligibility requirements get the Medicare benefits to which they are entitled, according to an audit released … or take actions to help or encourage them to apply and enroll in Medicare. From Jan. 1, 2010 through Dec. 31, 2015, … Medicaid recipients with ESRD and helps guide them on how to apply for and enroll in Medicare. In response to the …
https://www.osc.ny.gov/press/releases/2017/03/dinapoli-state-missing-out-millions-medicare-payments-kidney-patients