Search
New York’s Economy and Finances in the COVID-19 Era
… Subscribe for Latest Updates The State Comptroller’s office is … due to the COVID-19 pandemic leaves a daunting path ahead for the State to climb back to pre-recession employment levels. For New York City, the picture is even more troubling. New …
https://www.osc.ny.gov/reports/covid-19-september-2-2020DiNapoli: Local Sales Tax Collections Up 3.8% in August
… Sales Tax Collections by County and Region Related Report Second Quarter 2024 Local Sales Taxes … Local sales tax …
https://www.osc.ny.gov/press/releases/2024/09/dinapoli-local-sales-tax-collections-3-point-8-percent-augustII.2 New York State Accounting Policies – II. New York State Financial Accounting
… to prescribe such methods of accounting as are necessary for the performance of the foregoing duties. The State … Law provides more detailed general fiscal provisions for accounting for appropriations, state funds, and financial reporting. …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ii/ii2-new-york-state-accounting-policiesDiNapoli Report Highlights MTA's Significant Needs
… the Metropolitan Transportation Authority’s (MTA) latest 20-Year Needs Assessment, reviews the depth of work needed to … to be transparent. Riders and policymakers need to know what these capital projects mean for them, the progress that … MTA’s ongoing modernization of signals. Although delays caused by New York City Transit’s outdated signal system have …
https://www.osc.ny.gov/press/releases/2024/02/dinapoli-report-highlights-mtas-significant-needsAs Racial Homeownership Disparities Persist, State's Mortgage Agency Increases Lending to Minority and Low-Income Borrowers
… help overcome these hurdles, but improvements to data and reporting are needed so policymakers have better information … (LIRP), which offer low-interest rate mortgages for first-time homebuyers. Of the two borrowing assistance programs, … lowest average with 1.2%. SONYMA last reported more robust county-specific data in 2016. Recommendations As DiNapoli …
https://www.osc.ny.gov/press/releases/2025/06/racial-homeownership-disparities-persist-states-mortgage-agency-increases-lending-minority-and-lowOtisco Fire District – Financial Activities (2025M-42)
… [read complete report – pdf] Audit Objective Did the Otisco Fire District (District) Board … to the Board? Audit Period January 1, 2023 – February 4, 2025 Understanding the Program The Board is responsible for …
https://www.osc.ny.gov/local-government/audits/fire-district/2025/08/01/otisco-fire-district-financial-activities-2025m-42DiNapoli Says Wall Street May Still Have a Good Year Given Strong Start
… Wall Street’s profits were strong in the first half of 2015 at $11.3 billion, the strongest … may have positioned New York City’s securities industry for a good year despite recent economic developments, … securities industry employment was a positive development for the city’s economy, the industry may resort to staffing …
https://www.osc.ny.gov/press/releases/0215/10/dinapoli-says-wall-street-may-still-have-good-year-given-strong-startWest Sparta Independent Volunteer Fire Department Company Number 1, Inc. – Board Oversight (2025M-44)
… the Treasurer by recording all financial activities in the Department’s financial software and preparing … did not enforce the limited financial provisions outlined in the Department’s rules and standard operating guidelines … and written purchasing policy related to disbursements. In addition, the Board did not adopt other financial policies …
https://www.osc.ny.gov/local-government/audits/fire-company-or-department/2025/08/29/west-sparta-independent-volunteer-fire-department-companyRochester Prep Charter School 3 – IT Asset Management (2025M-36)
… of Operations supervise the special project managers, for the respective middle or elementary school, who can order IT assets and are responsible for receiving the IT assets at the School. The Regional … complete, accurate and detailed inventory records for all IT assets. The Regional Superintendent, IT Director, …
https://www.osc.ny.gov/local-government/audits/charter-school/2025/08/29/rochester-prep-charter-school-3-it-asset-management-2025m-36DiNapoli: State Tax Collections Dip
… totaling $19.8 billion fell short of projections for New York state in the first quarter of the state’s fiscal … of $38.4 billion were $831.1 million below projections for the period, primarily because personal income tax … that was paid later during SFY 2015-16. Other significant increases include spending for public health programs (up …
https://www.osc.ny.gov/press/releases/2016/07/dinapoli-state-tax-collections-dipNY State Comptroller DiNapoli Asks Express Scripts' Shareholders to Back Cyber Security Risk Proposal
… Scripts shareholders urging them to support his call for the pharmacy benefit management company to publicly … taken to ensure cyber security. DiNapoli's request, in the form of a shareholder proposal , will be voted on at … it has taken to mitigate cyber risk in its operations. For any long term investor, this could be both material and …
https://www.osc.ny.gov/press/releases/2018/05/ny-state-comptroller-dinapoli-asks-express-scripts-shareholders-back-cyber-security-risk-proposalDiNapoli: NYC Budget Benefiting From Strong Economy
… New York City is projecting a surplus of $135 million for fiscal year 2016, but the surplus will likely grow as tax … P. DiNapoli. “This is shaping up to be another solid year for the city. Job growth in the five boroughs has been … industry, one of the city’s economic engines, is on track for a good year and profits are likely to exceed last year’s …
https://www.osc.ny.gov/press/releases/2015/12/dinapoli-nyc-budget-benefiting-strong-economyState Audit Shows Need to Improve Response to Noise Complaints in NYC
… The growing number of noise complaints related to nightlife establishments in … today by State Comptroller Thomas P. DiNapoli. "The number of noise complaints in New York City more than doubled between 2010 and 2015, including tens of thousands involving nightlife, but my auditors found …
https://www.osc.ny.gov/press/releases/2017/06/state-audit-shows-need-improve-response-noise-complaints-nycNYS Common Retirement Fund Reports Third Quarter Results
… of the State Fiscal Year (SFY) 2018-19 was -7.17 percent for the three-month period ending Dec. 31, 2018, with an … billion in assets (as of March 31, 2018) held in trust for the retirement security of the more than one million … of the State Fiscal Year SFY 201819 was 717 percent for the threemonth period ending Dec 31 2018 with an …
https://www.osc.ny.gov/press/releases/2019/02/nys-common-retirement-fund-reports-third-quarter-resultsNYS Common Retirement Fund Reports Second Quarter Results
… of the State Fiscal Year 2018-2019 was 3.47 percent for the three-month period ending September 30, 2018, with an … focused on recent volatility that tempers our expectations for future returns. Fortunately, the state pension fund is … billion in assets (as of March 31, 2018) held in trust for the retirement security of the more than one million …
https://www.osc.ny.gov/press/releases/2018/11/nys-common-retirement-fund-reports-second-quarter-resultsNYC Finances Remain Strong But Out-Year Budget Gaps Have Grown
… city projects budget gaps of $3.3 billion in FY 2020, $2.9 billion in FY 2021 and $2.3 billion in FY 2022. The financial plan includes … during the financial plan period to help fund the 2017-2021 round of bargaining. If the economic terms of the …
https://www.osc.ny.gov/press/releases/2018/07/nyc-finances-remain-strong-out-year-budget-gaps-have-grownDiNapoli: Calls to Investigate Violations of Do Not Call Law Going Unanswered
… than 450,000 annually, but only two cases were referred for enforcement action in 2016 and 2017 combined, according … of State's Division of Consumer Protection is responsible for enforcing the 2001 law. Initially, New York consumers … the division referred only two cases to legal counsel for further enforcement, versus 29 in 2015 and 2014 combined. …
https://www.osc.ny.gov/press/releases/2018/09/dinapoli-calls-investigate-violations-do-not-call-law-going-unansweredDiNapoli: Monroe County Failed to Monitor Contractor Operating Golf Courses, Costing Taxpayers
… manage or enforce the county’s contract with Tindale Inc. for the operation of the county’s three golf courses, … but was amended to require Tindale to contribute $300,000 for a substantial clubhouse project at one course, and to … of the lack of oversight, Tindale did not perform or pay for a number of required contractual duties, as well as …
https://www.osc.ny.gov/press/releases/2014/08/dinapoli-monroe-county-failed-monitor-contractor-operating-golf-courses-costing-taxpayersDiNapoli: Billing and Reimbursement Flaws Allowed $16.6 Million in Inappropriate Payments to Home Health Care Providers
… nutrition services. The payment system is based on 60-day episodes of care. CHHAs can be paid for a full episode or may … should have received pro-rated payments for the partial episodes of care. For example, one CHHA received a full … were made to CHHAs that improperly billed multiple episodes for the same recipient within 60 days of the …
https://www.osc.ny.gov/press/releases/2016/12/dinapoli-billing-and-reimbursement-flaws-allowed-166-million-inappropriate-payments-home-health-careMTA's East Side Access Project 10 Years Late and $4.4 Billion Over Budget
… Island Rail Road (LIRR) service to Grand Central Terminal for the first time, is expected to cost nearly $9 billion … DiNapoli also reported: The MTA’s current cost estimate for East Side Access is $8.25 billion, but that figure grows … new LIRR terminal below Grand Central Terminal accounts for more than one-quarter of the cost overrun, having grown …
https://www.osc.ny.gov/press/releases/2013/03/mtas-east-side-access-project-10-years-late-and-44-billion-over-budget