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DiNapoli: College Student Loan Debt Doubled in New York Over Last Decade
… New York State Comptroller Thomas P. DiNapoli today released … of student loan borrowers who were 90 or more days late in payment, the only area within the state where such …
https://www.osc.ny.gov/press/releases/2016/09/dinapoli-college-student-loan-debt-doubled-new-york-over-last-decadeDiNapoli: State Health Department Missed $119 Million in Rebates from Drug Companies
… DiNapoli made 12 recommendations to DOH to collect the unclaimed rebates and improve its processes to maximize …
https://www.osc.ny.gov/press/releases/2015/02/dinapoli-state-health-department-missed-119-million-rebates-drug-companiesChanges in Federal Policies Pose Significant Risks for New York City's Budget
… Projected budget gaps for New York City in the coming years appear manageable, but … $337 million in FY 2018 despite a sharp decline during the first four months of the fiscal year. Budget experts have …
https://www.osc.ny.gov/press/releases/2017/12/changes-federal-policies-pose-significant-risks-new-york-citys-budgetDiNapoli: Investment in Upstate Company Returns $33.8 Million to State Pension Fund
… in East Greenbush, New York and has offices in Chicago, Los Angeles, Beijing, London, Munich and Sydney. …
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
… 21 percent internal rate of return for the New York State Common Retirement Fund (Fund), New York State Comptroller Thomas P. DiNapoli announced today. The …
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
… Preet Bharara, was sentenced today to a year and one day in prison and ordered to pay a total of $721,112 in restitution and criminal forfeiture. “Joseph Junkovic took … Attorneys and prosecutors statewide to combat corruption in the misuse of public funds.” Junkovic, 49, of the Bronx, …
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
… Securities industry profits rose dramatically in 2017 for the second consecutive year and the average bonus paid to industry employees in New York City jumped 17 percent to reach $184,220 … higher tax revenues," DiNapoli said. "The large increase in profitability over the past two years demonstrates that …
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
… New York City projects a surplus of $439 million in the 2017 … to grow as the year progresses even though job growth and tax collections are slowing, according to a report released … and the securities industry is an important part of the local economy. An estimated $20 billion in federal funds flow …
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
… through the number of jobs they provide and the wages they pay. Given the ongoing challenges facing many nonprofits in …
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
… from the refunding bond closings of Yankee Stadium LLC and Queens Ballpark Co. LLC (Citi Field). Total IDA expenses in … Western New York IDAs reported 18 such projects and Southern Tier IDAs reported 14. Legislation enacted in 2020 …
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
… The state Department of Health can do more to control costs and save taxpayers money … Reports Medicaid Program: Maximizing Drug Rebates for Health and Recovery Plans (June 2018) Medicaid Program: …
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
… billion in calendar year 2022, up 12.7%, or $2.5 billion, from 2021 due to strong sales statewide, especially in New … quarter grew by 21.1%, compared to fairly weak collections from the same quarter in 2021, when COVID infection rates … 41 out of 57 counties (72%) recording increases ranging from 4% to 10%. Yates County had the strongest growth at …
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
… Albany County District Attorney David Soares and the New York State Police today announced the arrest of Alayne Bertolino for allegedly stealing more than $240,000 in New York state pension payments made to her deceased … 1991 and was receiving a pension via direct deposit into a bank account jointly held with his daughter, Alayne …
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
… “Joseph Junkovic shamelessly diverted $360,556 earmarked for cancer screening support to fund his opulent lifestyle of … the state. I commend U.S. Attorney Bharara and his staff for their work to bring Mr. Junkovic to justice, and I will … to charges that Junkovic, of the Bronx, through the not-for-profit corporation Cancer Service Network, Inc. (CSN), …
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
… furnishings reached an all-time high in the New York City metro area, which includes the city as well as Nassau, … housing costs, only trailing the San Francisco and Seattle metro areas, reflecting 40% of their total household … payments. In June 2021, 26% of rental households in the metro area were behind on rent, greater than almost 15% …
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
… responses was, “Financial literacy: loans, managing money, living within one’s means, saving for retirement...” … and better financial behaviors. Further, the state auditor found the course’s standards provided “vital life skills that … of financial literacy education in Georgia, Idaho, and Texas, with those states reporting relatively higher credit …
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
… been reviewed, but DiNapoli’s audit found many claims wait long periods for a determination. The audit reviewed 7,847 … York City employers and found many listed as pending for long periods of time. Among them were 354 complaints that … back as far as 2019 and were still open and waiting for a decision as of June 2022 – three years after the complaints …
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
… Recommendations from the commission to the Board of Regents, related to ensuring educational excellence and … body, are expected to be released soon. Several Board of Regents members have voiced support for adding personal …
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
… McGuire, Managing Director of 57 Stars, an international private equity investor, to announce a new $50 million … Fund. The investment from the state pension fund’s private equity program will be managed by 57 Stars, a … state’s pension fund has committed almost $110 million to private equity investments in Northern Ireland since 2005. To …
https://www.osc.ny.gov/press/releases/2023/10/ny-state-comptroller-dinapoli-announces-new-50-million-investment-northern-ireland