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Annual Assessment of Market Orders for 2015 and 2016 (2018-S-44)
To determine whether the Department of Agriculture and Markets (Department) had adequate procedures in place during the audit period to accurately report its...
https://www.osc.ny.gov/files/state-agencies/audits/pdf/sga-2019-18s44.pdfDiNapoli Restricts Investments in 21 Shale Oil & Gas Companies
… Common Retirement Fund (Fund) will restrict investments in 21 shale oil and gas producing companies, including … the state pension fund, we are restricting investments in companies that we believe are unprepared to adapt to a … SM Energy Co. The Fund will divest more than $238 million in public equity and debt securities issued by these …
https://www.osc.ny.gov/press/releases/2022/02/dinapoli-restricts-investments-21-shale-oil-gas-companiesSmall Businesses and the Economic Recovery: Work in Progress
… November 23, 2021 Businesses in New York were more severely impacted by the COVID-19 pandemic … persist. In addition, small businesses report facing new challenges with hiring difficulties and with supply … improvements in several sectors, and applications for new businesses are surging, which bodes well for the economic …
https://www.osc.ny.gov/reports/small-businesses-and-economic-recovery-work-progressReal Property Portfolio
… from the acquisition and disposing of properties align with ESD’s mission and include developing affordable housing, … that were disposed of during the reporting period along with the name of the purchaser. Furthermore, PAL §2897 … and supportive housing. Key Findings ESD did not comply with PAL’s requirements to publish a report detailing its …
https://www.osc.ny.gov/state-agencies/audits/2024/08/21/real-property-portfolioDiNapoli: State Pension Fund Adds Another $20 Million to Investing in New York Program
… the third largest public pension fund in the United States with estimated assets of $209.1 billion as of Dec. 31, 2017. … venture capital fund based in New York City. TVP partners with entrepreneurs leveraging emerging technologies and … AI & machine learning, digital media, cloud computing and mobile tech. For more information visit www.tribecavp.com . … …
https://www.osc.ny.gov/press/releases/2018/04/dinapoli-state-pension-fund-adds-another-20-million-investing-new-york-programDiNapoli: Rise in NYC Metro Area Housing Costs Outpaces Other U.S. Cities
… risen dramatically over the last decade,” DiNapoli said. “When we look at other major U.S. metropolitan areas, we see … housing costs have grown at a greater rate. More than half of tenants in the city spend 30% of their income on rent, forcing them to make tough choices. …
https://www.osc.ny.gov/press/releases/2024/01/dinapoli-rise-nyc-metro-area-housing-costs-outpaces-other-us-citiesSelected Aspects of Leasing Practices for Real Estate Services Department and Port Commerce
… (PANYNJ) was established in 1921 and was the first bi-state agency ever created under a clause of the Constitution … by private enterprise or would not be attempted by either state alone. These include the development of major …
https://www.osc.ny.gov/state-agencies/audits/2019/05/16/selected-aspects-leasing-practices-real-estate-services-department-and-port-commerceState Comptroller DiNapoli Releases Audits
… Dogs (Follow-Up) (2019-F-5) An initial report issued in April 2018 determined the department was adequately … deficiencies at four of the 48 shelters they visited. In a follow-up, auditors found the department made progress … nearly $8,000 made by one employee were not for legitimate business purposes, but instead for personal use. As a result …
https://www.osc.ny.gov/press/releases/2019/06/state-comptroller-dinapoli-releases-auditsXIV.3.B Short Term Investment Pool (STIP) – XIV. Special Procedures
… as a whole, rather than the needs of its component parts. In this way STIP can be compared with a money market fund, … not needed for day-to-day activities or to make payments in the money market fund. Although state funds are pooled in the STIP, separate accounting records are maintained to …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xiv/xiv3b-short-term-investment-pool-stipDiNapoli: 33.55 Percent Annual Investment Return for New York State Pension Fund Is Largest in Its History
… and enjoyed the largest one-year investment return in its history,” DiNapoli said. “This outsized return … reinforces the Fund’s position as one of the strongest in the nation, but it comes with a caution. Markets remain … on recommendations from the Retirement System’s Actuary in September. Integral to the Fund’s strength have been the …
https://www.osc.ny.gov/press/releases/2021/05/dinapoli-33-point-55-percent-annual-investment-return-new-york-state-pension-fund-largest-its-historyState Comptroller Thomas P. DiNapoli Statement on New York City’s Preliminary Budget
… “New York City is contending with the devastating economic effects of the pandemic and the … so that it can recover.” … New York City is contending with the devastating economic effects of the pandemic and the …
https://www.osc.ny.gov/press/releases/2021/01/state-comptroller-thomas-p-dinapoli-statement-new-york-citys-preliminary-budgetDiNapoli Announces Sale of $636 Million State of New York General Obligation Bonds
… of the State of New York on March 16, 2021, as set forth in the Notice of Sale published in The Bond Buyer on March 11, 2021. The bonds will be dated … spending, the state's 180,000 contracts, billions in state payments and public authority data. Visit the …
https://www.osc.ny.gov/press/releases/2021/03/dinapoli-announces-sale-636-million-state-new-york-general-obligation-bondsDiNapoli: Report Finds Mixed Job Picture in Upstate NY
… accommodation and food services industry. Education and health services contributed more than 20,000 jobs. Both … for 21 percent of all jobs, followed by education and health services; Growth in average wages from 2010 to 2015 …
https://www.osc.ny.gov/press/releases/2016/08/dinapoli-report-finds-mixed-job-picture-upstate-nyState Agencies Bulletin No. 1852
… for tax year 2020. Failure to meet the deadlines may result in negative tax consequences for the employee. If an … Value of Personal Use (AC 3173) to OSC before January 4, 2021 . Form AC3173, approved by OSC, is the only acceptable … on the employee’s Form W-2 and increase the Box 1 and 16 taxable gross wages by the additional amount of any Social …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1852-procedures-reporting-taxable-value-personal-use-employer-providedWall Street Profits Up in 2016
… Securities industry profitability rose sharply in 2016, increasing by 21 percent, while the average bonus … the $14.3 billion in profits in 2015, reversing a three-year trend of declining profits. Profits were driven by … increase in the pool in three years. The average bonus per employee in New York City increased by 1 percent to …
https://www.osc.ny.gov/press/releases/2017/03/wall-street-profits-2016DiNapoli Op-Ed: New York Needs to Boost Financial Education in Our Schools
… financial education into the school curriculum, with some starting lessons as early as kindergarten. Twenty … finance class to graduate high school. New York should get with the program. I issued an Executive Order on Financial … the Securities and Exchange Commission, found respondents with higher financial literacy were more likely to make …
https://www.osc.ny.gov/press/releases/2023/11/dinapoli-op-ed-new-york-needs-boost-financial-education-our-schoolsStart Saving for Retirement
… Think of retirement security as a three-legged stool, with three sources of income working together to provide … income source is your NYSLRS pension , which provides you with a monthly benefit for the rest of your life. The second … as you can because you need time to let your money grow. With the power of compounded interest, the money you invest …
https://www.osc.ny.gov/retirement/members/saving-for-retirementWhat is a Defined Benefit Plan?
… to an individual retirement account, and the money in the account is invested. Though the plan may offer pre-packaged investment options, in many cases, it is the responsibility of the employee to … result is that employee contributions are usually higher in defined contribution plans. Financial advisers recommend …
https://www.osc.ny.gov/retirement/members/defined-benefit-planIII.9 Provisions for 15 Day Prompt Payment Interest Eligibility – III. Statewide Financial System (SFS)
… the Statewide Financial System (SFS) electronic vendor portal. Completion of this certification will identify that … certification is removed by the vendor through this same portal. The Office of the State Comptroller reserves the … website ( https://www.osc.state.ny.us/state-vendors/portal/15-day-prompt-payments-small-businesses ) for more …
https://www.osc.ny.gov/state-agencies/gfo/chapter-iii/iii9-provisions-15-day-prompt-payment-interest-eligibilityDiNapoli: State Pension Fund Investments Return 5.84% for State Fiscal Year 2024-25
… of $272.8 billion. “Market volatility has been pronounced in the first half of 2025, with unpredictable actions out of … uncertainty for investors that is likely to continue in the short term,” DiNapoli said. “The state pension fund’s … March 31, 2025, the Fund had 39.2% of its assets invested in publicly traded equities. The remaining Fund assets by …
https://www.osc.ny.gov/press/releases/2025/06/dinapoli-state-pension-fund-investments-return-584-state-fiscal-year-2024-25