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2025 Corporate Governance Stewardship Report
Our Corporate Governance Program works to help protect the New York State Common Retirement Fund’s long-term value by exercising prudent stewardship of our portfolio by engaging with the public companies we invest in on key environmental, social, and governance issues that have a financial impact.
https://www.osc.ny.gov/files/reports/special-topics/pdf/2025-corporate-governance-stewardship-report.pdfOversight of the Practice of Funeral Directing (2022-S-47) 180-Day Response - DOH
To determine if the Department of Health is effectively overseeing the practice of funeral directing in accordance with relevant law and regulation and if the New York City Department of Health and Mental Hygiene is effectively overseeing selected aspects of the practice of funeral directing.
https://www.osc.ny.gov/files/state-agencies/audits/pdf/sga-2026-22s47-doh-response.pdfDiNapoli: New York's Drinking Water Infrastructure Needs Fixing
… New York's water systems may require nearly $40 billion in repairs and improvements over the next two decades, according to a report issued today by State Comptroller Thomas P. DiNapoli. "Many drinking water systems in New York are over 100 years old and …
https://www.osc.ny.gov/press/releases/2017/02/dinapoli-new-yorks-drinking-water-infrastructure-needs-fixingDiNapoli: Local Sales Tax Growth Slows
… sales tax collections last year took place in New York City. The city’s sales tax collections grew by $304 million, … the strongest 2014 sales tax growth was in the North Country, which increased 7.7 percent. Much of this can be … rates in other regions were below the statewide average: Central New York (2.6 percent), the Mohawk Valley (2.1), …
https://www.osc.ny.gov/press/releases/2015/02/dinapoli-local-sales-tax-growth-slowsDiNapoli: Consumers Should Read Fine Print On Gift Cards This Holiday Season
… Comptroller Thomas P. DiNapoli today urged New Yorkers to read the fine print on gift cards this holiday season for details about … the retailer and use gift cards within a year of purchase to avoid inactivity fees. Money from unused gift cards issued … Comptroller Thomas P DiNapoli today urged New Yorkers to read the fine print on gift cards this holiday season for …
https://www.osc.ny.gov/press/releases/2016/12/dinapoli-consumers-should-read-fine-print-gift-cards-holiday-seasonDiNapoli Honors Hispanic Leaders
… 1199 SEIU, UHWE Judith Aucar, Executive Director, El Centro Hispano, Inc. State Comptroller DiNapoli and event … American Advancement; Judith Aucar, Executive Director, El Centro Hispano, Inc. and Yadira Ramos-Herbert, Mayor of New …
https://www.osc.ny.gov/press/releases/2024/09/dinapoli-honors-hispanic-leadersOpinion 94-19
… sold at discount) -- Discount Bonds (amount chargeable to debt limit); (need to establish sinking fund) -- Zero Coupon Bonds (amount chargeable to debt limit); (need to establish sinking fund) … periodic interest is payable issued in 1993 is chargeable to a countys debt limit …
https://www.osc.ny.gov/legal-opinions/opinion-94-19Opinion 89-23
… issues discussed in the opinion. REAL PROPERTY -- Lease (to State agency at less than fair and adequate consideration) … A village may allow a State agency, by lease or license, to utilize space in the village hall several times per month for nominal or no consideration. This is in reply to your letter asking whether a village may allow the New …
https://www.osc.ny.gov/legal-opinions/opinion-89-23DiNapoli: Read Fine Print on Gift Cards this Holiday Season
… State Comptroller Thomas P. DiNapoli is urging New Yorkers to read the fine print on gift cards this holiday season for … should use their gift cards within a year of purchase to avoid inactivity fees and register cards with the … gift cards issued by New York businesses is turned over to the State Comptroller's office as abandoned property after …
https://www.osc.ny.gov/press/releases/2017/11/dinapoli-read-fine-print-gift-cards-holiday-seasonOpinion 88-42
… of (adjustment by county of erroneous payments to other municipalities) MUNICIPAL CORPORATIONS -- Setoff (right of county to recoup erroneous sales tax allocations to other municipalities) TAX LAW, §1262(c): A town or village … a situation where a county distributed sales tax revenues to towns and villages in the county in a manner which did not …
https://www.osc.ny.gov/legal-opinions/opinion-88-42Employment Recovery Is Slow for New Yorkers with Disabilities
… face unique daily challenges that can present barriers to employment. The COVID-19 pandemic led to soaring unemployment rates for people with disabilities, … a new high in 2022, while the share in New York continued to decline from pre-pandemic levels. These data highlight the …
https://www.osc.ny.gov/reports/employment-recovery-slow-new-yorkers-disabilitiesState Comptroller Thomas P. DiNapoli Statement on 2026 Executive Budget Address
… Hochul’s Executive Budget proposes several actions to improve affordability, speed housing construction, expand … inflation and the state’s economy and finances continue to be disrupted by actions taken in Washington. Out-year budget gaps are estimated to be $27.5 billion. "Policymakers will face a complicated …
https://www.osc.ny.gov/press/releases/2026/01/state-comptroller-thomas-p-dinapoli-statement-2026-executive-budget-addressNew York’s Economy and Finances in the COVID-19 Era
… Latest Updates The State Comptroller’s office is committed to keeping New Yorkers regularly updated on the state’s economy and finances. Subscribe to get the latest update. Subscribe Read Prior Editions … New Yorkers working in lower-paid sectors continue to suffer a disproportionate share of job losses statewide …
https://www.osc.ny.gov/reports/covid-19-september-30-2020New York’s Economy and Finances in the COVID-19 Era (March 30, 2021)
… $634 million of voter-approved General Obligation (GO) bonds to finance a variety of critical projects, including … and education purposes, as well as to refinance prior bonds, achieving $50 million in savings to taxpayers. The bonds, which were priced by competitive bidding on March …
https://www.osc.ny.gov/reports/new-yorks-economy-and-finances-covid-19-era-march-30-2021DiNapoli: Tennessee Woman Sentenced for Stealing Deceased Mother's NYS Pension Checks
… York state's retirement system,” DiNapoli said. “Thanks to my partnership with the U.S. Attorney’s Office for the …
https://www.osc.ny.gov/press/releases/2022/07/dinapoli-tennessee-woman-sentenced-stealing-deceased-mothers-nys-pension-checksXVI.3.H Materiality – XVI. Financial Reporting
… decisions requires the use of professional judgment to assess the quantitative and qualitative circumstances … particular case. Except as provided in the instructions to the Agency Financial Reporting Package, no omissions of … its discretion, modify or may eliminate information deemed to be immaterial. Guide to Financial Operations REV. …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xvi/xvi3h-materialityXVI.3.C State Funds Included in the ACFR – XVI. Financial Reporting
… Commercial Gaming Revenue Fund 23750-23755 Medical Cannabis Trust Fund 23800-23821 Dedicated Miscellaneous State Revenue Fund 24800-24803 New York State Cannabis Revenue Fund 24850 Health Care Transformation Fund …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xvi/xvi3c-state-funds-included-cafrTransportation and Warehousing Sector – New York City Industry Sector Dashboards
… From moving people into and around New York City to delivering food and … and warehousing sector is an important component of the local economy. During the pandemic, visitor numbers … fueled by increased demand for moving goods rather than people during the pandemic. Employment Private Sector …
https://www.osc.ny.gov/osdc/reports/nyc-sectors/transportation-and-warehousingNotification of Employee’s Retirement and Required Employer Actions – When Employees Retire
… employer contacts. You will receive a Retirement Online notification: When an employee applies for retirement. If … than one employment instance, you will receive a separate notification for each , and you must submit separate Accrued … records, for the employment instance specified in each notification. For a full description of the notifications you …
https://www.osc.ny.gov/retirement/employers/when-employees-retire/notification-employees-retirement-and-required-employer-actionsResources and Responsibilities: New York State’s Environmental Funding
… On the founding Earth Day just over 50 years ago, New York State created the Department of Environmental … otherwise enhance the quality of our environment for all New Yorkers. As DEC now enters its second half-century, its … to assure clean drinking water are just some of the new tasks DEC has been assigned in the last few years, adding …
https://www.osc.ny.gov/reports/resources-and-responsibilities-new-york-states-environmental-funding