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DiNapoli: Value of IDA Projects Grew 10% in 2021 to $126 Billion
… reported 4,324 active projects with an aggregate value of $126 billion in 2021, a 10.4%, or $11.9 billion, increase … today by State Comptroller Thomas P. DiNapoli. The number of IDA projects increased by 1.5%. “IDAs can play an … to increase their accountability.” Since 2011, the number of active IDA projects has remained relatively stable, but …
https://www.osc.ny.gov/press/releases/2023/04/dinapoli-value-ida-projects-grew-10-percent-in-2021-to-126-billionDiNapoli: State Health Department Missed $119 Million in Rebates from Drug Companies
… that are incomplete or incorrect. In such cases, the MCO is notified of the rejection, and is expected to correct any errors and resubmit the encounter … ability to collect all the rebates to which the state is entitled, accounting for an estimated $50.3 million in …
https://www.osc.ny.gov/press/releases/2015/02/dinapoli-state-health-department-missed-119-million-rebates-drug-companiesDiNapoli: Texas Woman Charged with Stealing Over $65,000 in NYS Pension Payments
… to receive a reduced monthly retirement benefit so his wife, Mary L. Walsh, would continue to receive payments if he …
https://www.osc.ny.gov/press/releases/2023/07/dinapoli-texas-woman-charged-stealing-over-65000-nys-pension-paymentsNew York’s Economy and Finances in the COVID-19 Era (May 13, 2021)
… May 13, 2021 Edition Economic Impact Payments in New York Since March 2020, the federal government has enacted six pandemic relief packages intended to offer support to individuals, businesses, and state and … requirements that barred payments to estates and trusts as well as taxpayers who were deceased prior to 2020. In total, …
https://www.osc.ny.gov/reports/new-yorks-economy-and-finances-covid-19-era-may-13-2021DiNapoli: City of Corning's Economic Development and Smart Growth Initiatives Build on Stable Fiscal Picture
… is another significant example of how the Office of the New York State Comptroller is prioritizing support for local … “The United Steel Workers are honored to host the New York State Comptroller and are pleased to be a part of … key to what makes Corning a must-see arts destination in New York State. From our Smithsonian Affiliation that brings …
https://www.osc.ny.gov/press/releases/2024/11/dinapoli-city-cornings-economic-development-and-smart-growth-initiatives-build-stable-fiscal-pictureNew York’s Economy and Finances in the COVID-19 Era (March 30, 2021)
… March 30, 2021 Edition While Some New York Industries Are on the Path to Recovery, Others Are Not Job losses from the … ensuing economic shutdown were swift and deep: employment in New York declined by nearly 2 million jobs from February … more than 1 million jobs below its pre-pandemic levels. In February 2021, total non-farm employment in New York …
https://www.osc.ny.gov/reports/new-yorks-economy-and-finances-covid-19-era-march-30-2021DiNapoli: Overtime Costs at State Agencies Reached All-Time High in 2021
… The total cost of overtime in 2021 reached an all-time high at more than $924 million, … System at $59.41. State Workforce Trends During the ten-year period from 2012 to 2021 analyzed by DiNapoli’s office, … (consisting of resignations, terminations, layoffs and deaths). During this ten-year period, attrition grew and …
https://www.osc.ny.gov/press/releases/2022/07/dinapoli-overtime-costs-state-agencies-reached-all-time-high-2021DiNapoli: Statewide Local Sales Tax Collections Declined 10 Percent in 2020
… were impacted more severely than those throughout the rest of the state during the entire year. Because the city was hit … the second quarter, compared to 19 percent for the rest of the state, and double-digit declines continued in the … DiNapoli said. “Local governments depend heavily on sales taxes as a major source of revenue, but as New …
https://www.osc.ny.gov/press/releases/2021/02/dinapoli-statewide-local-sales-tax-collections-declined-10-percent-2020New York City Projecting Surplus of $2.7 Billion in Current Fiscal Year
… New York City projects a surplus of more than $2.7 billion for fiscal year (FY) 2020, up from … gaps are relatively small, but there is still a risk of an economic downturn. Also, the proposed executive state … an increase in the city’s revenue forecast since the start of the fiscal year ($1.2 billion) and a reduction in reserves …
https://www.osc.ny.gov/press/releases/2020/02/new-york-city-projecting-surplus-27-billion-current-fiscal-yeareBay Publicly Commits to Gender and Racial Diversity in Search for Board Members
… actively seek out highly qualified women and individuals from minority groups to include in the pool from which Board nominees are chosen.” In its recent … white males. Since we filed our request, eBay put action behind its words and rapidly brought in new board members. …
https://www.osc.ny.gov/press/releases/2015/03/ebay-publicly-commits-gender-and-racial-diversity-search-board-membersComptroller DiNapoli and Westchester County District Attorney: Former Croton-On-Hudson Village Fire Department Treasurer Charged in Theft of Fire Department Funds
… and arrest of Gerald Munson, a former Croton-On-Hudson Fire Department Chief and a former Croton-On-Hudson Police … from the Fire Department. He was arraigned this morning in Croton-on-Hudson Village Court before Justice Sam Watkins. … "2 Percent Money" paid annually to the Fire Department by New York state in connection with the state's two percent tax …
https://www.osc.ny.gov/press/releases/2018/06/comptroller-dinapoli-and-westchester-county-district-attorney-former-croton-hudson-village-fireThe Impact of Wall Street on Jobs and Tax Revenues - April 2004
"Overall, the securities industry (also known as “Wall Street”) remains one of the most important industries in New York City."
https://www.osc.ny.gov/files/reports/osdc/pdf/report-1-2005.pdfDiNapoli: State Correction Commission Falling Short in Tracking Problems or Inspecting Prisons
… in charge of the oversight and inspection of 561 state and local correctional facilities and jails across New York is … Thomas P. DiNapoli. Auditors also found the State Commission of Correction is also not routinely inspecting the … For access to state and local government spending, public authority financial data and …
https://www.osc.ny.gov/press/releases/2018/01/dinapoli-state-correction-commission-falling-short-tracking-problems-or-inspecting-prisonsMedicaid Program – Mainstream Managed Care Organizations: Administrative Costs Used in Premium Rate Setting
… is appropriately applying the administrative costs in determining mainstream managed care premium rates. Our … pharmacy benefits, and many others. Of the $53 billion in Medicaid costs, MCOs received $17.8 billion in mainstream … managed care premium rates, which are based, in part, on allowable MCO administrative costs. For this purpose, the …
https://www.osc.ny.gov/state-agencies/audits/2016/10/13/medicaid-program-mainstream-managed-care-organizations-administrative-costs-used-premiumDiNapoli: New York City Projects Surplus in 2017 Despite Slower Tax Collections
… of $439 million in the 2017 fiscal year, which is likely to grow as the year progresses even though job growth and tax collections are slowing, according to a report released today by New York State Comptroller … growth and tax collections in the near future are unlikely to be as robust as they have been in recent years," DiNapoli …
https://www.osc.ny.gov/press/releases/2016/12/dinapoli-new-york-city-projects-surplus-2017-despite-slower-tax-collectionsDiNapoli: Georgia Woman Sentenced to Over a Year in Prison and Ordered to Pay $459K in Full Restitution for Stealing NYS Pension and Social Security Payments
… Georgia woman, Sandra Smith, was sentenced to over a year in federal prison and ordered to pay full restitution after admitting she stole $459,050 in New York state pension and federal social security … moved to Georgia to be close to family but died on Sept. 14, 2006. Minnie Smith’s family did not notify the …
https://www.osc.ny.gov/press/releases/2023/11/dinapoli-georgia-woman-sentenced-over-year-prison-and-ordered-pay-459k-full-restitution-stealing-nysComptroller DiNapoli and Attorney General Schneiderman Announce Three Arrests in $200,000 Contract Fraud
… Schneiderman charged Charles Angelillo, Jr., 40, and his wife, Carol Angelillo, 39, owner and office manager of …
https://www.osc.ny.gov/press/releases/2014/03/comptroller-dinapoli-and-attorney-general-schneiderman-announce-three-arrests-200000-contract-fraudDiNapoli: Audit Reveals Hiring and Budgeting Problems in Brentwood School District
… budgeting led the Brentwood Union Free School District to accumulate excessive fund balance as well as reserve funds … board-approved amounts and have gone unused, according to an audit released today by New York State Comptroller … made by district officials,” DiNapoli said. “The failure to adhere to district policies and best practices, whether it …
https://www.osc.ny.gov/press/releases/2016/11/dinapoli-audit-reveals-hiring-and-budgeting-problems-brentwood-school-districtDiNapoli: 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 … the Fund with a 20 percent internal rate of return on fully exited investments in the last five years, the …
https://www.osc.ny.gov/press/releases/2014/08/dinapoli-investment-upstate-company-returns-338-million-state-pension-fundIX.3.A Establish & Maintain Federal Grants in SFS for Non-Onboarding Agencies - Pre-Award Spending Projects – IX. Federal Grants
… (Section 3 of this chapter Establish & Maintain Federal Grants in SFS for Non-Onboarding Agencies ) and link it to …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix3a-establish-maintain-federal-grants-sfs-non-onboarding-agencies-pre-award-spending-projects