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DiNapoli: NYC Projects Surplus in the Current Year but Faces Budget Risks in the Years Ahead
… New York City's 2019 fiscal year (FY) surplus is expected to grow as the year progresses with continued strong revenue … budget gaps and risks in the coming years, according to a report released today by State Comptroller Thomas P. … https://osc.state.ny.us/osdc/report-9-2019.pdf Find out how your government money is spent at Open Book New York . …
https://www.osc.ny.gov/press/releases/2018/12/dinapoli-nyc-projects-surplus-current-year-faces-budget-risks-years-aheadDiNapoli Announces State Contract & Payment Actions for June 2014
… more than 1,400 payments valued at nearly $4.1 million due to fraud, waste or other improprieties. As the state’s chief … for their money. The Comptroller’s office averages 11 to 13 days for contract reviews and two days to audit payments. DiNapoli releases this monthly notice to …
https://www.osc.ny.gov/press/releases/2014/07/dinapoli-announces-state-contract-payment-actions-june-2014NYC Budget Is Balanced but Risks Are Growing
… is balanced, but there are risks, including proposed drops in state assistance, potential federal budget cuts and slower … and Mayor de Blasio’s efforts to find additional savings in the budget are prudent.” The city added a total of 820,400 … 2009 and 2018, the largest and longest job expansion in the post-World War II period. In 2018, 86,600 jobs were …
https://www.osc.ny.gov/press/releases/2019/03/nyc-budget-balanced-risks-are-growingMedicaid Program – Medicaid Payments for Pharmacy Claims: Joia Pharmacy and a Related Prescriber
… to matters addressing the Doctor’s prescribing activity for the period January 1, 2013 through June 30, 2016. Background The Department is responsible for administering New York State’s Medicaid program. Medicaid … disadvantaged and/or have special health care needs. For the State fiscal year ended March 31, 2016, New York’s …
https://www.osc.ny.gov/state-agencies/audits/2017/06/27/medicaid-program-medicaid-payments-pharmacy-claims-joia-pharmacy-and-related-prescriberState Comptroller DiNapoli Releases School District Audits
… adequate policies and procedures for network user accounts to prevent unauthorized use or access. Officials did not … County) District officials did not always seek competition to procure goods and services. As a result, they may not have … The district did not have proper documentation to support that a bus purchase totaling $121,928 was …
https://www.osc.ny.gov/press/releases/2022/06/state-comptroller-dinapoli-releases-school-district-auditsDiNapoli: State Needs To Do More for Growing Mental Health Crisis in Schools
… Too many of New York school districts’ mental health teams are … of mental health education for students, an audit by New York State Comptroller Thomas P. DiNapoli found. “The …
https://www.osc.ny.gov/press/releases/2022/04/dinapoli-state-needs-do-more-growing-mental-health-crisis-schoolsSelected Aspects of Collecting Outstanding Amounts Due for Parking Violations
… Objective To determine whether the New York City Department of Finance … summonses totaling more than $2.8 billion that were issued to vehicles for parking, red light camera, bus lane camera, …
https://www.osc.ny.gov/state-agencies/audits/2021/03/23/selected-aspects-collecting-outstanding-amounts-due-parking-violationsDiNapoli: New York Ranks Last in Balance of Payments With Washington
… New York leads the nation in what it pays to the federal government compared to what it … shut down businesses and hurt families across New York, it’s never been more critical that we receive much-needed … well below the national average of $1.24. New Jersey is the only state that received less, with a return of $0.82. …
https://www.osc.ny.gov/press/releases/2020/11/dinapoli-new-york-ranks-last-balance-payments-washingtonDiNapoli Report Analyzes Regional Trends in Education for School Districts Outside New York City
… must navigate a complex set of state rules and local needs to determine how to best educate our children and pay for it,” DiNapoli … Find out how your government money is spent at Open Book New York . …
https://www.osc.ny.gov/press/releases/2020/03/dinapoli-report-analyzes-regional-trends-education-school-districts-outside-new-york-cityDiNapoli: 82 School Districts in Fiscal Stress
… include scores for the dependent school districts in the “Big Four” cities of Buffalo, Rochester, Syracuse and Yonkers. …
https://www.osc.ny.gov/press/releases/2016/01/dinapoli-82-school-districts-fiscal-stressDiNapoli: Local Sales Taxes Jump 49.2 Percent in Second Quarter
… sales taxes may have prevented steeper declines. The first change occurred after June 2018, when the U.S. Supreme … group of vendors required to collect sales tax. The second change, the marketplace provision, now requires online …
https://www.osc.ny.gov/press/releases/2021/07/dinapoli-local-sales-taxes-jump-49-point-2-percent-second-quarterDiNapoli: State Pension Fund Value $194.3 Billion
… early outbreak of the pandemic in the United States with a value of $194.3 billion. Globally, assets swiftly recovered … employees, retirees and their beneficiaries. The Fund's value reflects retirement and death benefits of $13.25 … expected rate of return is 6.8 percent. The Fund’s value and rate of return in prior years is available online: …
https://www.osc.ny.gov/press/releases/2020/07/dinapoli-state-pension-fund-value-1943-billionState Comptroller DiNapoli Releases Municipal & School Audits
… and as a result, payments were made prior to audit, for unsupported claims and for inappropriate purposes. Of the 98 claims totaling … itemized receipts. The village reimbursed the former mayor for two payments totaling $1,500 for the village’s accounting …
https://www.osc.ny.gov/press/releases/2024/03/state-comptroller-dinapoli-releases-municipal-school-audits-1DiNapoli: 2023 Wall Street $34 Billion Bonus Pool Relatively Flat Over 2022
… decline in the average bonus. “Wall Street’s average cash bonuses dipped slightly from last year, with continued market … the securities workforce,” DiNapoli said. “While these bonuses affect income tax revenues for the state and city, … over the pre-pandemic high of $32.1 billion. Wall Street bonuses have a significant impact on tax revenue in the state …
https://www.osc.ny.gov/press/releases/2024/03/dinapoli-2023-wall-street-34-billion-bonus-pool-relatively-flat-over-2022Debt – 2022 Financial Condition Report
… creates fixed costs that directly affect its ability to provide current services, as well as its long-term fiscal … High borrowing levels may: Indicate reduced ability to support current programs with current revenues. Force … or additional future borrowing. Limit the capacity to finance future capital assets and grants. New York State …
https://www.osc.ny.gov/reports/finance/2022-fcr/debtDiNapoli: LIRR Ridership Is Recovering but Service Improvement Must Remain a Priority
… because it comes at a time when LIRR needs good service to help convince riders to come back.” LIRR’s 65.2 million riders in 2023 were 23% … also recommends developing an operating metric to measure how often trains are late for their connection with another …
https://www.osc.ny.gov/press/releases/2024/07/dinapoli-lirr-ridership-recovering-service-improvement-must-remain-priorityInvestors: Exxon Needs to Step Up on Climate Change
… adopt the goals of the Paris Agreement to rein in climate change. In recent weeks, similar proposals have won a … light of the rising tide of investor concern over climate change, is shortsighted and puts shareholders’ investments in … and processing that are directly affected by climate change and the efforts to rein it in. While Exxon has …
https://www.osc.ny.gov/press/releases/2017/05/investors-exxon-needs-step-climate-changeOversight of the Title Insurance Industry
… insurance. Title insurance protects the property owner and mortgage lender against future claims for any unknown … Rate Service Association (TIRSA) performs for its members and DFS. TIRSA, a not-for-profit corporation established by … report contained 21 recommendations, including some to address weaknesses related to data reasonableness, …
https://www.osc.ny.gov/state-agencies/audits/2019/03/21/oversight-title-insurance-industryState Comptroller DiNapoli Releases Audits
… The Mitchell-Lama Housing program (Program) was created to provide affordable rental and cooperative housing to … (disenrollments entered into NYBEAS after the date the change in eligibility had taken effect). The …
https://www.osc.ny.gov/press/releases/2024/01/state-comptroller-dinapoli-releases-auditsDiNapoli: State's Pandemic Response to Nursing Homes Hindered by Ill-Prepared State Agency
… at nursing homes, even before the COVID-19 pandemic hit New York, an audit released today by New York State Comptroller Thomas P. DiNapoli found. DiNapoli …
https://www.osc.ny.gov/press/releases/2022/03/dinapoli-states-pandemic-response-nursing-homes-hindered-ill-prepared-state-agency