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New York's Labor Force: Assessing 10-Year Trends and Pandemic Setbacks
The COVID-19 pandemic’s impact on the State’s labor force was more severe than in other states: the size of the workforce declined more rapidly than the rest of the nation in 2020 and continued to shrink in 2021 when other states recovered.
https://www.osc.ny.gov/files/reports/pdf/new-york-labor-force-2022.pdfComptroller DiNapoli and Attorney General Schneiderman Announce Three Arrests in $200,000 Contract Fraud
… invoices to double or triple the amount the state owed them. In 2011, the Angelillos allegedly enlisted Cuccinello … than $200,000 in bloated payments. The arrests are the latest in the combined efforts of the Comptroller and …
https://www.osc.ny.gov/press/releases/2014/03/comptroller-dinapoli-and-attorney-general-schneiderman-announce-three-arrests-200000-contract-fraudDiNapoli: 33 School Districts Reported in Fiscal Stress
… Statewide, there were 33 school districts designated in fiscal stress under New York State Comptroller Thomas P. DiNapoli’s …
https://www.osc.ny.gov/press/releases/2020/01/dinapoli-33-school-districts-reported-fiscal-stressDiNapoli: Transparency Needed as NYC Moves Forward with Difficult Budget Choices
… The report urges the city to use greater transparency for nondiscretionary costs that it does not have direct … declining share has allowed the city to allocate funding for services where it has greater control over spending, … share of the FY 2024 budget that is controllable accounts for more than three-fifths of projected spending for that …
https://www.osc.ny.gov/press/releases/2023/09/dinapoli-transparency-needed-nyc-moves-forward-difficult-budget-choicesBorrowing Against Your Contributions – Article 14 Benefits
… be taxable if: The loan amount exceeds federal limits. You have a loan with a deferred compensation (457) or … You retire or withdraw from the Retirement System and have one or more outstanding loan balances when you retire or … be required to pay a 10 percent penalty tax in addition to any ordinary federal income tax you owe. Please consider …
https://www.osc.ny.gov/retirement/publications/1644/borrowing-against-your-contributionsDiNapoli: NYS Common Retirement Fund Rises to Estimated $180.7 Billion
… Fund’s (Fund) value grew to an estimated $180.7 billion in the first quarter ending June 30, 2014, according to New … on March 31 with a value of $176.8 billion. The net growth in the value of the fund reflects earnings over the quarter, … enjoyed a robust first quarter based on solid performance in domestic and global equities markets," DiNapoli said. “Our …
https://www.osc.ny.gov/press/releases/2014/08/dinapoli-nys-common-retirement-fund-rises-estimated-1807-billionAdequacy of 2021 Budgets - Town of Bolton (S9-21-1)
… made in 2020, Town officials delayed highway improvements from 2020 to 2021 and, in relation, carried over their 2020 …
https://www.osc.ny.gov/local-government/audits/statewide-audit/2021/05/07/adequacy-2021-budgets-town-bolton-s9-21-1State Agencies Bulletin No. 1805
… Purpose The purpose of this bulletin is to notify agencies of an automatic Dues increase. Affected … Questions regarding this bulletin may be directed to the Payroll Deduction mailbox. … The purpose of this bulletin is to notify agencies of an automatic Dues increase …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1805-new-york-state-correctional-officers-police-benevolent-association-0Food Insecurity Persists Post-Pandemic
… Another likely explanation for the increase is food price inflation. Other factors could include changes in …
https://www.osc.ny.gov/reports/food-insecurity-persists-post-pandemicEmployment 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-disabilitiesDiNapoli Urges New Yorkers to Spend Holiday Gift Cards
… money could eventually get turned over to the Office of Unclaimed Funds. In the last seven years, the amount returned … inactivity fees or having the money turned over to my office as lost funds.” After five years of dormancy, money … government financial records, track state contracts, and find commonly requested data. … New York State Comptroller …
https://www.osc.ny.gov/press/releases/2022/01/dinapoli-urges-new-yorkers-spend-holiday-gift-cardsTown of Highlands – Water and Sewer Funds’ Financial Condition (2021M-152)
… water and sewer parcels were not properly billed and late payment penalties were not properly assessed. Key …
https://www.osc.ny.gov/local-government/audits/town/2022/01/21/town-highlands-water-and-sewer-funds-financial-condition-2021m-152DiNapoli: February Local Sales Tax Collections Down 4.2 Percent; Year Over Year Decline Narrows
… earlier months of the pandemic. “The recent passage of the American Rescue Plan will provide much needed aid to our …
https://www.osc.ny.gov/press/releases/2021/03/dinapoli-february-local-sales-tax-collections-down-42-percent-year-over-year-decline-narrowsFinancial Oversight of the Advantage After School Program
… all at high risk related to attendance. Moreover, since an employee of a Program provider was recently convicted of …
https://www.osc.ny.gov/state-agencies/audits/2018/02/13/financial-oversight-advantage-after-school-programReview of the Financial Plan of the City of New York
As shown in the Mayor’s Executive Budget for fiscal year 2025, New York City’s finances continue to benefit from better-than-projected revenues and savings generated through initiatives launched in response to its financial challenges.
https://www.osc.ny.gov/files/reports/osdc/pdf/report-5-2025.pdfState Comptroller DiNapoli Releases Municipal Audits
… no additional casino revenue is received, the city will have a projected general fund budget gap of $12 million for … were for proper village purposes. As a result, the board does not have adequate assurance that goods and services are purchased …
https://www.osc.ny.gov/press/releases/2017/09/state-comptroller-dinapoli-releases-municipal-audits-0Town of Greenville – Tax Collector (2020M-81)
… Collector properly recorded, deposited and remitted money in a timely manner. Key Findings The Tax Collector did not properly record or remit money in a timely manner. The Tax Collector’s records were insufficient to determine whether she deposited money in a timely manner. Property tax collections totaling $5.4 …
https://www.osc.ny.gov/local-government/audits/town/2020/10/23/town-greenville-tax-collector-2020m-81DiNapoli Op-Ed: We Should Be Teaching Financial Literacy in NY's High Schools
… experiences do you think are important for all students to have by the end of high school?” One of the most frequent … course before getting behind the wheel of a vehicle, we have a responsibility to empower students with the skills to … time for New York to catch up to states who for decades have taught a financial literacy course and required it for …
https://www.osc.ny.gov/press/releases/2024/02/dinapoli-op-ed-we-should-be-teaching-financial-literacy-nys-high-schoolsDiNapoli Releases May State Cash Report
… were 1.6 percent higher than in 2013. Total tax receipts for April and May combined were $1.4 billion below year-ago …
https://www.osc.ny.gov/press/releases/2014/06/dinapoli-releases-may-state-cash-reportMedicaid Program – Cost of Pharmacy Services Under Managed Care
… Objective To determine whether the Department of Health (Department) obtained Medicaid pharmacy services … care organizations (MCOs), which arrange for the provision of pharmacy services for Medicaid recipients and payments to … Under FFS Medicaid, the Department has taken a number of actions to help ensure pharmacy services are provided in …
https://www.osc.ny.gov/state-agencies/audits/2020/09/17/medicaid-program-cost-pharmacy-services-under-managed-care