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DiNapoli: Financial Viability of OTBs in Jeopardy
… are at risk of financial insolvency due to the impact of major revenue decreases and escalating costs, according to … payment requirements, a downturn in racing interest and major fee increases have each contributed to this plight. As … consecutive audit by DiNapoli’s office that has identified major financial issues in all five of New York’s regional …
https://www.osc.ny.gov/press/releases/2015/09/dinapoli-financial-viability-otbs-jeopardyDiNapoli Calls for Transparency From Companies Regarding Affordability Concerns
… are being squeezed financially and that, in turn, is threatening long term shareholder value,” DiNapoli said. “The affordability crisis is very real. We are actively tackling risks around … that it does not use surveillance pricing either. The Fund is awaiting Visa’s response. Surveillance pricing is the …
https://www.osc.ny.gov/press/releases/2026/03/dinapoli-calls-transparency-companies-regarding-affordability-concernsDiNapoli: State's Fiscal Picture Has Improved, but Impact of Pandemic Revenue Losses Will Linger
… a standstill,” DiNapoli said. “There are signs our economy is rebounding and the federal government will soon provide … New Yorkers and devastated communities. But this recovery is fragile, and I urge state leaders to consider the … Federal Aid While additional federal aid for states is being debated by Congress, New York is receiving at least …
https://www.osc.ny.gov/press/releases/2021/03/dinapoli-states-fiscal-picture-has-improved-impact-pandemic-revenue-losses-will-lingerControls Over and Revenues From .nyc Generic Top-Level Domains
… 8, 2021. About the Program A top-level domain (TLD) is the last part of an Internet address, such as .com, .net, or .org. In March 2012, DoITT entered into a … and other promotions. The mission of the .nyc gTLD program is to improve global visibility and generate revenue for the …
https://www.osc.ny.gov/state-agencies/audits/2021/10/25/controls-over-and-revenues-nyc-generic-top-level-domainsComptroller DiNapoli and AG Schneiderman Announce Sentencing in Theft of Over $274,000 in State Pension Benefits
… of the people who have earned a secure retirement and that is simply unacceptable.” Eletz admitted to stealing the … through July 31, 2014, totaling $274,920.16. This case is the latest joint investigation under the Operation … The Criminal Enforcement and Financial Crimes Bureau is led by Bureau Chief Gary T. Fishman and Deputy Bureau …
https://www.osc.ny.gov/press/releases/2016/02/comptroller-dinapoli-and-ag-schneiderman-announce-sentencing-theft-over-274000-state-pension-benefitsTown of Hanover – Procurement (2025M-58)
… [read complete report – pdf] Audit Objective Did the Town of Hanover (Town) Town Board (Board) use a … Audit Period January 1, 2024 – April 1, 2025 Understanding the Audit Area Professional services generally require … The Board did not always seek competition when procuring …
https://www.osc.ny.gov/local-government/audits/town/2025/09/26/town-hanover-procurement-2025m-58DiNapoli: Ontario County Resident Pleads Guilty to Stealing Funds From New York State Retirement System
… system by stealing from a friend after his death. Now, she is being held accountable for her actions. I am committed to … on one year of interim probation. During this time, she is ordered to pay $2,076.17 to the NYSLRS, $3,216.35 to … Affairs and restitution to the pensioner’s estate. She is due back in court for sentencing on June 2, 2022. Since …
https://www.osc.ny.gov/press/releases/2021/06/dinapoli-ontario-county-resident-pleads-guilty-stealing-funds-new-york-state-retirement-systemDiNapoli: Temporary Federal Spending Drives Up NY’s National Ranking in States’ Balance of Payments
… every dollar New York sent to the federal government in tax receipts, it received $1.51 back in federal spending, as … average of $1,559, ranking it third among the states. Tax Payments to Washington New York generated 7.7% of the $3.8 trillion in federal tax payments, more than the state’s 6% share of the nation’s …
https://www.osc.ny.gov/press/releases/2023/04/dinapoli-temporary-federal-spending-drives-nys-national-ranking-states-balance-paymentsExamples from GASB Statement 34 - Statement of Net Assets
… Accounting Standards Board, 401 Merritt 7, Norwalk, CT 06856 are reprinted by permission. Sample City Statement …
https://www.osc.ny.gov/local-government/publications/examples-gasb-statement-34-statement-net-assetsExamples from GASB Statement 34 - Statement of Cash Flows
… $ 1,345,292 $ 12,745,492 $ 15,326,343 Payments to suppliers (2,725,349) (365,137) (3,090,486) (2,812,238) Payments to employees (3,360,055) (750,828) (4,110,883) (4,209,688) Internal activity - payments to other funds (1,296,768) (1,296,768) Claims paid …
https://www.osc.ny.gov/local-government/publications/examples-gasb-statement-34-statement-cash-flowsPresident of Gingerbread Learning Center and Wife Sentenced for Stealing Approximately $771,000 from Special Needs Pre-School
… items including; landscaping for their home, car and insurance payments for their vehicles, flowers and other … cell phone payments, personal purchases at Costco, life insurance, and also created a more than $100,000 no-show … website ($220), personal purchases at Costco ($17,835), life insurance for Dennis Mosesman with Elsie Mosesman as the …
https://www.osc.ny.gov/press/releases/2019/06/president-gingerbread-learning-center-and-wife-sentenced-stealing-approximately-771000-special-needsOpinion 2006-10
… This opinion represents the views of the Office of the State Comptroller at the time it was rendered. The opinion … in villages situated within the town, unless there is a State statute that requires or permits any given expenditure … article, each city, incorporated village and town in the state shall constitute a separate primary registration …
https://www.osc.ny.gov/legal-opinions/opinion-2006-10DiNapoli: Contractor Failed to Turn Over $1.5 Million in Prescription Drug Rebates to NYS
… over a significant amount of them to the state. This money is intended to help hold down costs of the program and … Service and United HealthCare need to make sure this money is fully collected and remitted to the state.” The New York … district employees and their dependents. The Empire Plan is the primary health benefits plan for NYSHIP, serving about …
https://www.osc.ny.gov/press/releases/2016/11/dinapoli-contractor-failed-turn-over-15-million-prescription-drug-rebates-nysDiNapoli: Local Sales Tax Collections in August Increase by Nearly 13% Over Last Year
… Thomas P. DiNapoli. Statewide local collections totaled $1.7 billion, up nearly $192 million from the same time last … in August, even with many counties participating in the gas tax holiday,” DiNapoli said. “With consumer spending … Sullivan County experiencing the largest increase at 15.7%, followed by Orange (12.9%) and Rockland (12.3%). …
https://www.osc.ny.gov/press/releases/2022/09/dinapoli-local-sales-tax-collections-august-increase-nearly-13-percent-over-last-yearLocal Government – 2021 Financial Condition Report
… are the most dependent on this source. State aid is the next largest revenue source for local governments. It is a major source for school districts, accounting for $16.2 … School districts spent $44.7 billion, counties spent $26.1 billion, towns spent $8.6 billion, cities (not including …
https://www.osc.ny.gov/reports/finance/2021-fcr/local-governmentValue of Industrial Development Agencies' Projects Increase Nearly 50 Percent Over Past Decade
… billion, increase in project values from 2018, while net tax exemptions totaled $796 million in 2019, compared to … opportunities and overall economic welfare in the area. Tax Exemptions IDAs reported providing total tax exemptions of almost $1.5 billion in 2019, up 1.5 percent …
https://www.osc.ny.gov/press/releases/2021/06/value-industrial-development-agencies-projects-increase-nearly-50-percent-over-past-decadeComptroller DiNapoli Releases State Audits
… health centers and public housing centers that provide primary and preventive care to underserved populations. Auditors found that during … as opposed to the required $35.16 rate per person. Hudson River-Black River Regulating District: Financial Management …
https://www.osc.ny.gov/press/releases/2014/12/comptroller-dinapoli-releases-state-auditsChenango County Industrial Development Agency – Project Approval and Monitoring (2022M-10)
… Board of Directors (Board) evaluated projects prior to approval and subsequently monitored the performance of … Key Findings Although the Board evaluated projects prior to approval, the Board did not adequately establish and … uniform project evaluation or selection criteria needed to assess project applications. Develop the required …
https://www.osc.ny.gov/local-government/audits/county/2022/04/22/chenango-county-industrial-development-agency-project-approval-and-monitoringWall Street Bonuses Went Up In 2013
… The Comptroller’s estimate is based on personal income tax trends, which do not distinguish between cash bonuses for … The securities industry generates a significant amount of tax revenue for New York state and New York City. DiNapoli … industry accounted for 8.5 percent of the city’s tax revenues; New York state, which depends more heavily on …
https://www.osc.ny.gov/press/releases/2014/03/wall-street-bonuses-went-2013Passenger Vehicle Fleet Management
… work reasons such as conducting inspections, making site visits, or attending meetings and recruitment events. Typically, if public transportation is not available or feasible, staff drive to their … take steps to ensure the fleet available to each agency is the proper size and makeup to most efficiently meet agency …
https://www.osc.ny.gov/state-agencies/audits/2016/02/17/passenger-vehicle-fleet-management