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DiNapoli: Texas Woman Charged with Stealing Over $65,000 in NYS Pension Payments
… for allegedly stealing more than $65,000 in New York state pension payments meant for a deceased acquaintance. Christy … Walsh died in December 2012 and at the time of death the pension payments should have stopped. Instead, her death was … information indicating that Walsh may have died, and pension payments were halted. In June of that year, the …
https://www.osc.ny.gov/press/releases/2023/07/dinapoli-texas-woman-charged-stealing-over-65000-nys-pension-paymentsDiNapoli: State is Slow in Disbursing Some Federal Relief Funds for Housing
… through 2030. HCR acts as the pass through for the money by awarding it, in the form of grants, to local program … which HCR oversees to make sure they use the money in ways that meet federal requirements. Federally … the funding in September 2020, or it risks losing the money. The remaining $122 million must be spent by September …
https://www.osc.ny.gov/press/releases/2022/09/dinapoli-state-slow-disbursing-some-federal-relief-funds-housingDiNapoli Announces Nominee for the Commission on Ethics and Lobbying in Government
… G. Groenwegen to the Commission on Ethics and Lobbying in Government. Groenwegen previously served as counsel to the … York meet those challenges and enhance the public’s faith in government.” Groenwegen has extensive experience in state government. Prior to joining the State Comptroller’s …
https://www.osc.ny.gov/press/releases/2022/07/dinapoli-announces-nominee-commission-ethics-and-lobbying-governmentDiNapoli: Lax Oversight of Medicaid Payments Behind $700 Million in Improper Payments
Hundreds of millions of dollars were spent on Medicaid Managed LongTerm Care MLTC costs for individuals who no longer qualified for the program according to an audit by State Comptroller Thomas P DiNapoli
https://www.osc.ny.gov/press/releases/2022/08/dinapoli-lax-oversight-medicaid-payments-behind-700-million-improper-paymentsChanges 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 tax changes and … by State Comptroller Thomas P. DiNapoli. "Major shifts in federal fiscal policies constitute the greatest risk to … may lie ahead, depending on the effects of what happens in Washington." The November update to the city’s four-year …
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
… percent internal rate of return. “We are investing state pension fund dollars into New York companies and it is paying … Common Retirement Fund, the third largest public pension plan in the United States with more than one million members, … nation. Over the past 20 years, 82 percent of the cost of benefit payments has been funded by investment returns. The …
https://www.osc.ny.gov/press/releases/2014/08/dinapoli-investment-upstate-company-returns-338-million-state-pension-fundOyster Bay Water District – Payments in Lieu of Health Insurance (2017M-43)
… to review payments in lieu of health insurance coverage for the period January 1, 2015 through October 31, 2016. Background The Oyster Bay Water District is located in the Town of Oyster Bay in Nassau County and provides water to about 8,800 customers. The District is …
https://www.osc.ny.gov/local-government/audits/district/2017/06/02/oyster-bay-water-district-payments-lieu-health-insurance-2017m-43DiNapoli: 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 … major metropolitan areas in the U.S., according to a new report from New York State Comptroller Thomas P. …
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
… is below: We should be teaching financial literacy in NY's high schools Financial literacy should be taught in all … literacy across academic disciplines throughout a student’s academic career. Students should learn … now. Op-Ed We should be teaching financial literacy in NY's high schools … Newsday on Monday published an oped from …
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 City have led to significant delays in holding …
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
… have already incorporated financial education into the school curriculum, with some starting lessons as early as … students take a personal finance class to graduate high school. New York should get with the program. I issued an … they’d been required to take a personal finance class in school. Also, a study by the Financial Industry Regulatory …
https://www.osc.ny.gov/press/releases/2023/11/dinapoli-op-ed-new-york-needs-boost-financial-education-our-schoolsDiNapoli: Pandemic Necessity and Opportunity Fuel Business Growth in New York City
… businesses with fewer than five employees grew over 10% in New York City during the COVID-19 pandemic, according to a report released today by State Comptroller Thomas P. … New Yorkers fueled small business growth. Changes to how people work and how businesses operate, along with …
https://www.osc.ny.gov/press/releases/2024/06/dinapoli-pandemic-necessity-and-opportunity-fuel-business-growth-new-york-cityDiNapoli: No Good Options for MTA to Manage Hole in Capital Funding
… estimates $17 billion in funding will have to be removed from the current $55.4 billion capital plan to meet the loss of congestion pricing revenue, … funding to those projects that will remain in its capital plan and update its agreements on SAS to retain matching …
https://www.osc.ny.gov/press/releases/2024/06/dinapoli-no-good-options-mta-manage-hole-capital-fundingNY State Comptroller DiNapoli Announces New $50 Million Investment in Northern Ireland
… of our pension system. But I am equally pleased that we can continue to participate in Northern Ireland’s economic … communities under the MacBride principles, and support the peace process.” Kennedy underscored that, “For years, …
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
… New York State Comptroller Thomas P. DiNapoli and Suffolk County … state and country to protect the New York State pension system from fraud.” “The New York State Retirement Fund is funded by the hard work of hundreds of …
https://www.osc.ny.gov/press/releases/2023/10/dinapoli-huntington-man-charged-stealing-over-56000-state-pension-paymentsDiNapoli: Value of IDA Projects Grew 10% in 2021 to $126 Billion
… active projects with an aggregate value of $126 billion in 2021, a 10.4%, or $11.9 billion, increase compared to … 76% from $16.5 million per project in 2011 to $29.2 million in 2021. County IDAs were responsible for 61.2% of … created during the life of their projects, with a median salary of $40,000. This is 1.7% (3,942 jobs) lower than in …
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 by making sure it gets the drug rebates that it is entitled to under federal regulations, according to an audit by State Comptroller Thomas P. DiNapoli. …
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
… calendar year 2022, up 12.7%, or $2.5 billion, from 2021 due to strong sales statewide, especially in New York City, …
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
… non-capital purposes. Going forward, policy makers should make every effort to ensure that remaining settlement dollars …
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
… allegedly stealing more than $240,000 in New York state pension payments made to her deceased father over a 4 ½-year … full restitution and continue to steadfastly guard the pension system from fraud.” “As not only a law enforcement … “Ms. Bertolino knowingly defrauded the New York State pension system by using her deceased father’s pension to …
https://www.osc.ny.gov/press/releases/2023/03/dinapoli-daughter-allegedly-stole-over-240k-deceased-fathers-nys-pension-payments