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DiNapoli: MTA Faces Growing Risks to Its Capital Funding
… MTA’s system are in poor condition, and the MTA relies on debt to pay for the capital improvement projects to maintain … slipped to $8 billion last year and the MTA’s target for 2024, once estimated at $12 billion, is now less than $3 … in long-term debt paid from the operating budget in 2023, a 14% increase. The MTA’s total outstanding debt is …
https://www.osc.ny.gov/press/releases/2024/05/dinapoli-mta-faces-growing-risks-its-capital-fundingNYS Common Retirement Fund Announces Second Quarter Results
… Fund's (Fund) overall return in the second quarter of the state fiscal year 2017-2018 was 3.67 percent for the … period ending Sept. 30, 2017, with an estimated value of $201.3 billion, according to New York State Comptroller … exceeded the strong performance we saw at the start of the fiscal year," DiNapoli said. "The Fund's value …
https://www.osc.ny.gov/press/releases/2017/11/nys-common-retirement-fund-announces-second-quarter-resultsNYS Common Retirement Fund Announces Third Quarter Results
… of the state fiscal year 2017-2018 was 4.12 percent for the three-month period ending Dec. 31, 2017, with an … returns that will continue to provide retirement security for the pension fund's more than one million members, … payments and public authority data. Visit the Reading Room for contract FOIL requests, bid protest decisions and …
https://www.osc.ny.gov/press/releases/2018/02/nys-common-retirement-fund-announces-third-quarter-resultsNY State Comptroller DiNapoli: Wells Fargo Needs to Pull Back the Curtain on Its Incentive Pay Program
… pay practices have been identified as contributing to the multiple crises at Wells Fargo," DiNapoli said. "Investors … portfolio of public and private equities, fixed income, real estate and alternative instruments. …
https://www.osc.ny.gov/press/releases/2018/04/ny-state-comptroller-dinapoli-wells-fargo-needs-pull-back-curtain-its-incentive-pay-programNY State Comptroller DiNapoli Asks Express Scripts' Shareholders to Back Cyber Security Risk Proposal
… this could be both material and valuable information. I am urging our fellow shareholders to join us in calling for … agency, announced that attackers had found a flaw in its website that was used to obtain the personal information of …
https://www.osc.ny.gov/press/releases/2018/05/ny-state-comptroller-dinapoli-asks-express-scripts-shareholders-back-cyber-security-risk-proposalNYS Common Retirement Fund Reports Second Quarter Results
… The New York State Common Retirement Fund’s (Fund) estimated … with an estimated value of $213.2 billion, according to New York State Comptroller Thomas P. DiNapoli. "The Fund had … a fraction of the annual investment return. About the New York State Common Retirement Fund The New York State …
https://www.osc.ny.gov/press/releases/2018/11/nys-common-retirement-fund-reports-second-quarter-resultsNYS Common Retirement Fund Reports Third Quarter Results
… The New York State Common Retirement Fund’s (Fund) estimated … with an estimated value of $197.3 billion, according to New York State Comptroller Thomas P. DiNapoli. "Like other … quarter and 3.47 percent in the second quarter. About the New York State Common Retirement Fund The New York State …
https://www.osc.ny.gov/press/releases/2019/02/nys-common-retirement-fund-reports-third-quarter-resultsNYS Common Retirement Fund Reports First Quarter Results
… data, with New York ranked fourth behind Wisconsin, South Dakota and Tennessee. DiNapoli initiated quarterly investment …
https://www.osc.ny.gov/press/releases/2019/08/nys-common-retirement-fund-reports-first-quarter-resultsNYS Common Retirement Fund Reports Second Quarter Results
… clearly fragile in this volatile financial climate. Wall Street continued to exceed expectations in the quarter, but Main Street is suffering. Our economy needs additional federal …
https://www.osc.ny.gov/press/releases/2020/11/nys-common-retirement-fund-reports-second-quarter-resultsState Agencies Bulletin No. 2339
… inform agencies of OSC’s automatic processing of the April 2025 Arbitration Eligible (BU01) and Non-Arbitration Eligible … salary increase of three percent (3.00%) for fiscal year 2025-2026 and includes the April 1, 2025 Salary Schedule . Effective Dates: Pay Cycle/Pay Period …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2339-april-2025-3-salary-increases-arbitration-eligible-bu01-and-nonState Agencies Bulletin No. 2382
… the change from a Longevity Lump Sum Payment (Earnings Code LLS) based on years at job rate to a Longevity Service Payment (Earnings Code LGS) based on years of qualifying service for employees … BU78 or BU79 position on 03/31/2025; and Has a Comp Rate Code of ANN or BIW (only if the employee is on a Paid …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2382-new-april-2025-managementconfidential-mc-longevity-service-payment-lgsDiNapoli: Probation Departments Failing to Get Restitution Payments to Victims
… the money that was collected from them didn’t always go to crime victims, with some funds languishing for years, … is a key part of the legal process that allows crime victims to recoup losses caused by the crime,” DiNapoli said. “County probation departments need to …
https://www.osc.ny.gov/press/releases/2021/12/dinapoli-probation-departments-failing-get-restitution-payments-victimsDiNapoli: More Needs to Be Done to Provide Mental Health Training to School Staff
… for the 2020-21 school year by Sept. 15, as required by New York State Education Department (SED) regulations, according to a new report issued by State Comptroller Thomas P. DiNapoli. … staff for the 202021 school year by Sept 15 as required by New York State Education Department SED regulations according …
https://www.osc.ny.gov/press/releases/2022/06/dinapoli-more-needs-be-done-provide-mental-health-training-school-staffDiNapoli: As NYC Budget Stabilizes, New Risks Emerge
… New York City increased its expectations for its surplus in fiscal year (FY) 2025 to $2.34 billion, largely as a … result of stronger tax revenue projections and a reduction in the cost of providing services to asylum seekers, which … state to provide services, including more than $30 billion in Medicaid expenditures, or directly to New York City …
https://www.osc.ny.gov/press/releases/2025/02/dinapoli-nyc-budget-stabilizes-new-risks-emergeDiNapoli Audit Finds Food Inspection Failures at NYC Homeless Shelters
… did not have the required food service establishment permit from DOHMH. DOHMH officials stated that they will work with DHS to ensure that shelters that prepare or cater … that serves food has the required food establishment permit. OTDA officials generally disagreed with the audit's …
https://www.osc.ny.gov/press/releases/2018/10/dinapoli-audit-finds-food-inspection-failures-nyc-homeless-sheltersDiNapoli Releases State Cash Report
… in June were stronger than expected, and collections for the first quarter of the fiscal year were $748.5 million … tax receipts were $606 million higher than projections for the month. Overall growth of 7.7 percent from the … estate and gift taxes. Total tax receipts of $20.6 billion for the quarter were $1.9 billion higher than the same period …
https://www.osc.ny.gov/press/releases/2015/07/dinapoli-releases-state-cash-reportOpinion 88-25
… ART I, §11: Subject to equal protection guarantees, a town board may exclude nonresidents of a park district from … to restrict the use of the facilities in a park district. You indicate that a park district in the town maintains a … who are town residents and those who live outside the town could be justified under the equal protection standards …
https://www.osc.ny.gov/legal-opinions/opinion-88-25Comptroller DiNapoli and Mayor Brown Return Over $100,000 in Unclaimed Funds to Buffalo Residents
… Thomas P. DiNapoli today announced that $111,180 in unclaimed funds has been returned to Buffalo city residents … residents have claimed their funds, but $88 million in unclaimed funds, tied to persons with Buffalo addresses, … Hall on March 16 announcing that there was $88,208,650 in unclaimed funds owed to the residents of Buffalo. People were …
https://www.osc.ny.gov/press/releases/2017/03/comptroller-dinapoli-and-mayor-brown-return-over-100000-unclaimed-funds-buffalo-residentsOpinion 94-16
… LAW, §§800(3), 802(2)(a), 803, 883: An individual who is a member of the governing board and treasurer of an … conflict of interest solely because an individual who is a member of the governing board of an industrial … under the contract; or (c) appoint an officer or employee who has any such powers or duties. Section 801 further states …
https://www.osc.ny.gov/legal-opinions/opinion-94-16Opinion 92-17
… or statutory amendments that bear on the issues discussed in the opinion. SALES TAX -- Agreements (right of towns to … school district purposes shall be distributed to the towns in the county or whether such areas may be omitted entirely from the sales tax distribution scheme set forth in the agreement. Under subdivision (a) of Tax Law, §1262, a …
https://www.osc.ny.gov/legal-opinions/opinion-92-17