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Opinion 88-24
… maintaining private pond) GENERAL MUNICIPAL LAW, §800(3)(a): Town board member has an interest in a contract with the town where she and her husband are reimbursed for expenses incurred in maintaining a private … an interest if the total consideration payable thereunder, when added to the aggregate amount of all consideration …
https://www.osc.ny.gov/legal-opinions/opinion-88-24Governor Cuomo and Comptroller DiNapoli Appoint First-Ever Decarbonization Advisory Panel
… New York State Common Retirement Fund (Fund), on how best to mitigate investment risks stemming from climate change and … maximize opportunities from the new, low-carbon economy. "To address the risks of climate change, New York will continue to take bold action to invest in the use of renewable …
https://www.osc.ny.gov/press/releases/2018/03/governor-cuomo-and-comptroller-dinapoli-appoint-first-ever-decarbonization-advisory-panelOpinion 91-13*
… that bear on the issues discussed in the opinion. REAL PROPERTY -- Leases (as constituting indebtedness for … corporation) -- Installment Purchase (authority for real property acquisition) INDUSTRIAL DEVELOPMENT AGENCIES -- … that municipalities generally have the power to acquire real property by lease and by purchase, respectively (see, …
https://www.osc.ny.gov/legal-opinions/opinion-91-13Residential Real Estate in NYC: Rising Tax Bills During COVID Fuel Disparities
New York City’s residential real estate market has proven resilient to the COVID-19 pandemic recession, with family homes seeing significant growth in value as people sought larger spaces amid limited supply.
https://www.osc.ny.gov/files/reports/osdc/pdf/residential-real-estate-in-nyc.pdfOffice Real Estate in New York City: A Review of Market Valuation Shifts
The COVID-19 pandemic and ensuing shift to hybrid office work arrangements have raised questions about the health of office commercial real estate and its potential impact on the economy and the finances of governments reliant on its tax revenue.
https://www.osc.ny.gov/files/reports/osdc/pdf/report-11-2025.pdfOversight of Campus Foundations (Follow-Up)
… Foundations (Report 2016-S-93 ). About the Program The State University of New York’s (SUNY) State-operated campuses are authorized to …
https://www.osc.ny.gov/state-agencies/audits/2019/09/06/oversight-campus-foundations-followNY State Comptroller DiNapoli: Social Media Firms Must Demonstrate They Can Protect Users
… "Facebook and Twitter face an existential threat if they can't provide an authentic and safe user experience—users …
https://www.osc.ny.gov/press/releases/2018/05/ny-state-comptroller-dinapoli-social-media-firms-must-demonstrate-they-can-protect-usersNY State Comptroller DiNapoli: Wells Fargo Needs to Pull Back the Curtain on Its Incentive Pay Program
… portfolio of public and private equities, fixed income, real estate and alternative instruments. … New York State …
https://www.osc.ny.gov/press/releases/2018/04/ny-state-comptroller-dinapoli-wells-fargo-needs-pull-back-curtain-its-incentive-pay-programCity of Glen Cove – Budget Review (B7-15-17)
… The City projects that, as of December 31, 2015, it will have unassigned fund balance deficits totaling approximately … $315,000 for the payment of tax certiorari refunds, which have averaged $848,000 over the last three years. City …
https://www.osc.ny.gov/local-government/audits/city/2015/10/16/city-glen-cove-budget-review-b7-15-17Opinion 88-32
… may determine to place an advertisement in a newspaper for the purpose of informing the public of the name, office, … we note that there is no express statutory authority for a town clerk to place or cause to be placed an … a necessary incident to a town's power to incur expenses for the publication and distribution of reports relative to …
https://www.osc.ny.gov/legal-opinions/opinion-88-32Comptroller DiNapoli Releases Municipal Audits
… transparency and accountability for our local communities is a top priority,” said DiNapoli. “By auditing municipal … to provide taxpayers the assurance that their money is being spent appropriately and effectively.” Clarence Fire … appear reasonable. However, city officials should assess what is a reasonable amount of fund balance for each fund …
https://www.osc.ny.gov/press/releases/2016/11/comptroller-dinapoli-releases-municipal-auditsState Comptroller DiNapoli Releases Municipal Audits
… fiscal climate, budget transparency and accountability for our local communities is a top priority," said DiNapoli. … authorizing payment. Although payments appeared to be for district purposes, when checks are routinely disbursed … a significant risk that payments could be made in error or for unauthorized purposes. Town of Moira – Fiscal Oversight …
https://www.osc.ny.gov/press/releases/2017/03/state-comptroller-dinapoli-releases-municipal-audits-1Corcraft's Textile Procurement Practices
… Purpose To assess the procurement practices used by the Department of … Community Supervision's Division of Industries (Corcraft) to procure textiles. Background The Division of Industries, …
https://www.osc.ny.gov/state-agencies/audits/2014/05/16/corcrafts-textile-procurement-practicesAdministration of Mitchell-Lama Waiting Lists (Follow-Up)
… ). About the Program Our initial report, which was issued on August 17, 2017, sought to determine if Mitchell-Lama … (co-op) housing to middle-income families. A total of 269 State-supervised developments, with over 105,000 apartments, … are statutorily permitted to voluntarily dissolve (buy out) and leave the Program. When developments buy out, they …
https://www.osc.ny.gov/state-agencies/audits/2021/01/19/administration-mitchell-lama-waiting-lists-followManagement of Internal Controls
… regulations. Background FRMC is a private, not-for-profit real estate holding corporation. Its mission is to plan, …
https://www.osc.ny.gov/state-agencies/audits/2013/01/23/management-internal-controlsComptroller DiNapoli Releases Municipal Audits
… Budget Review (Nassau County) The significant revenue and expenditure projections in the proposed budget are …
https://www.osc.ny.gov/press/releases/2016/05/comptroller-dinapoli-releases-municipal-auditsDiNapoli: Central NY Village Official Stole More Than $100K
… and nearly got away with it,” said DiNapoli. “She had keys to the cash register and went on a spending spree, even going … period of five years, Bailey used various village accounts to write $106,000 worth of checks to herself or to pay her personal obligations. This included …
https://www.osc.ny.gov/press/releases/2014/03/dinapoli-central-ny-village-official-stole-more-100kEconomic and Demographic Trends – 2022 Financial Condition Report
… over 226,000 jobs, an increase of 2.6 percent compared to growth nationally of 5.6 percent. Employment in the State … State’s unemployment rate fell from 9.9 percent in 2020 to 6.9 percent in 2021. The leisure and hospitality sector, … The financial activities and government sectors continued to have job losses. In 2021, employment increased in all 10 …
https://www.osc.ny.gov/reports/finance/2022-fcr/economic-and-demographic-trendsComptroller DiNapoli: IDA-Issued Tax Breaks Continue to Climb
… reported providing $751 million in net tax exemptions for local economic development efforts in 2017, up more than … 109 active IDAs. Through 2017, downstate areas accounted for 51 percent of the nearly 200,000 total net jobs gained … rest of the state with 57 percent of the total. “The need for close scrutiny of economic development efforts has never …
https://www.osc.ny.gov/press/releases/2019/05/comptroller-dinapoli-ida-issued-tax-breaks-continue-climbWindows Domain Administration and Management (Follow-Up)
… Objective To determine the extent of implementation of the six … ITS operates data centers 24 hours a day, 365 days a year to support statewide mission-critical applications for 53 …
https://www.osc.ny.gov/state-agencies/audits/2024/10/09/windows-domain-administration-and-management-follow