Search
DiNapoli: Investment in Rochester Company Returns $6.7 Million to State Pension Fund
… 5LINX, a telecommunications company located in Rochester, has generated an estimated $6.7 million return, … Thomas P. DiNapoli announced today. The Fund invested in 5LINX through its In-State Private Equity Program, which seeks profitable …
https://www.osc.ny.gov/press/releases/2014/02/dinapoli-investment-rochester-company-returns-67-million-state-pension-fundDiNapoli: New York Sends More Money to Washington Than It Gets Back
… New York sent an estimated $24.1 billion more in tax payments to … funding for health care and other programs could tip the balance even further," DiNapoli said. "The state relies on … to be treated more fairly in the federal budget." DiNapoli’s report, a follow-up to analyses released in 2015 and 2017, …
https://www.osc.ny.gov/press/releases/2018/10/dinapoli-new-york-sends-more-money-washington-it-gets-backDiNapoli Releases Profile of State's Economic Development Agency
… and employment, as well as accountability and transparency in its operations. For fiscal year (FY) 2013, ESDC reported … 1.8 percent of net private-sector job creation in the state during the year. But the authority makes little … detailed and consistent public reporting for each program. In addition to economic development, ESDC serves as a …
https://www.osc.ny.gov/press/releases/2015/02/dinapoli-releases-profile-states-economic-development-agencyComptroller DiNapoli & A.G. Schneiderman Announce Indictment of Former Highway Superintendent in Public Corruption Case
… former Highway Superintendent for the Town of Erin, in a public corruption case involving the alleged theft of … Degree, a Class C Felony, three counts of Offering a False Instrument for Filing in the First Degree, a Class E … Karam, and Bureau Chief Dominick Zarrella. The charges are accusations and the defendant is presumed innocent unless and …
https://www.osc.ny.gov/press/releases/2014/09/comptroller-dinapoli-ag-schneiderman-announce-indictment-former-highway-superintendent-publicDiNapoli: Town of Bennington Audit Leads to Arrest
… The clerk in the Wyoming County town of Bennington was arrested today … permits, fees and town tax collections but not deposited in the town’s bank accounts, according to New York State … Department and charged with one felony count of filing a false instrument and three misdemeanor counts of official …
https://www.osc.ny.gov/press/releases/2014/10/dinapoli-town-bennington-audit-leads-arrestChautauqua County Asst. Treasurer Guilty in $4,100 Theft
… and Soil District pleaded guilty today to stealing $4,100 in county funds, according to State Comptroller Thomas P. … she collected from the public, instead of depositing them in the bank. DiNapoli’s office discovered the gap during an … with Chautauqua County District Attorney Patrick Swanson in the criminal investigation. Kelley, 48, of Portland, …
https://www.osc.ny.gov/press/releases/2019/05/chautauqua-county-asst-treasurer-guilty-4100-theftDiNapoli: Former West Hurley Fire District Chief and Chairman Charged in Corruption Probe
… Gutierrez and Mr. VanValkenburgh allegedly violated their duty and used resources meant to protect their community to …
https://www.osc.ny.gov/press/releases/2019/02/dinapoli-former-west-hurley-fire-district-chief-and-chairman-charged-corruption-probeDiNapoli: End of Continuous Medicaid Enrollment Requirement Poses Risks to State Financial Plan
… Medicaid coverage and make every effort to help people renew their coverage in public and private plans. The state … levels.” Prior to the pandemic, states were required to renew coverage for people with Medicaid at least once a year … based on their enrollment end dates, through May 31, 2024. Renewal notices include the deadline for enrollees to …
https://www.osc.ny.gov/press/releases/2024/01/dinapoli-end-continuous-medicaid-enrollment-requirement-poses-risks-state-financial-planOversight of the Nourish New York Program
… the Program The COVID-19 pandemic revealed weaknesses in the State’s food supply system and caused serious economic … residents. Nourish NY was developed as a temporary program in May 2020 in response to disrupted food supply chains during the …
https://www.osc.ny.gov/state-agencies/audits/2023/09/21/oversight-nourish-new-york-programDiNapoli: New York City's Immigrant Population Playing Increased Role in Economy
… Immigrants accounted for $257 billion in economic activity in New York City in 2013, nearly one-third of the city’s total economic output …
https://www.osc.ny.gov/press/releases/2015/11/dinapoli-new-york-citys-immigrant-population-playing-increased-role-economyOpinion 92-54
… or statutory amendments that bear on the issues discussed in the opinion. CONFLICTS OF INTEREST -- Banking Transactions … LAW, §60.10: A prospective appointee to fill a vacancy in the office of town supervisor who is an officer and stockholder of a bank would have a prohibited interest in the designation of the bank as a town depository, the …
https://www.osc.ny.gov/legal-opinions/opinion-92-54Opinion 92-33
… services (see, e.g., People ex rel. Smith v Flagg , 17 NY 584). Generally, professional services which fall within … to these services (see People ex rel. Smith , supra , 17 NY, at p 589; 1A Antieau, Municipal Corporation Law, §10.33). …
https://www.osc.ny.gov/legal-opinions/opinion-92-33XVI.3.I Budgetary Presentation – XVI. Financial Reporting
… which requires that a budgetary comparison be included in the financial statements for the general fund and major … special revenue funds. The budgetary report presented in the State's BFS reflects a comparison of the original and … plan to the GAAP basis financial statements is disclosed in the notes to required supplementary information. …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xvi/xvi3i-budgetary-presentationDiNapoli Analysis Finds Sharp Decline in Homeless Veterans in New York
… New York state made substantial progress in reducing homelessness for veterans between 2010 and 2022 … 83% (from 5,857 to 990), the largest percentage decline in the nation, according to an analysis by State Comptroller … of homeless adults that are veterans was reduced from 9% in 2010 to just 1% in 2022. “Veterans answered the call to …
https://www.osc.ny.gov/press/releases/2023/11/dinapoli-analysis-finds-sharp-decline-homeless-veterans-new-yorkDiNapoli: Pennsylvania Man Impersonated Deceased Father to Steal His NYS Pension and Social Security Payments
… October 2017 through October 2022, Gritman stole $117,194 in pension benefits from the New York State and Local Retirement System and $87,790 in Social Security benefits. “Timothy Gritman hid his … to the work of my investigative team and our partners in law enforcement, he has been brought to justice. My office …
https://www.osc.ny.gov/press/releases/2023/02/dinapoli-pennsylvania-man-impersonated-deceased-father-steal-his-nys-pension-and-social-securityDiNapoli: Daughter Allegedly Stole Over $240K in Deceased Father's NYS Pension Payments
… Alayne Bertolino for allegedly stealing more than $240,000 in New York state pension payments made to her deceased … is handling the prosecution of this case. “Building trust in public institutions requires us to hold people accountable … April 14, 2023. The charges filed in this case are merely accusations and the defendant is presumed innocent unless and …
https://www.osc.ny.gov/press/releases/2023/03/dinapoli-daughter-allegedly-stole-over-240k-deceased-fathers-nys-pension-paymentsNew York State Comptroller DiNapoli Statement on the Death of Martin McGuinness
… McGuinness was a hero of the peace process and the cause for reconciliation between Catholics and Protestants. It was … at long last. Northern Ireland today is a symbol of hope for people in conflict throughout the world, hope for the peace and justice that can be achieved when people …
https://www.osc.ny.gov/press/releases/2017/03/new-york-state-comptroller-dinapoli-statement-death-martin-mcguinnessDiNapoli: ESD Falls Short in Evaluation of Nearly $2 Billion of Economic Development Programs
… are achieving their goals and share this information with the public.” ESD administers 57 programs with over 5,000 associated projects. State laws and … every two or four years. DiNapoli’s auditors found that, with few exceptions, ESD does not monitor or evaluate its …
https://www.osc.ny.gov/press/releases/2021/10/dinapoli-esd-falls-short-evaluation-nearly-2-billion-economic-development-programsDiNapoli Releases State Cash Report
… Tax revenues of $3.9 billion in May were stronger than projected, with collections for the fiscal year now $142.3 million higher than … be used to fix New York’s crumbling infrastructure or for other non-recurring purposes and not to support ongoing …
https://www.osc.ny.gov/press/releases/2015/06/dinapoli-releases-state-cash-reportDiNapoli Moves State Pension Fund Toward Net Zero Target, Restricts Investments in Oil Sands Companies
… The New York State Common Retirement Fund (Fund) will restrict investments in oil sands … pension plan in the country, announced today. This action is tied to DiNapoli’s comprehensive Climate Action Plan to …
https://www.osc.ny.gov/press/releases/2021/04/dinapoli-moves-state-pension-fund-toward-net-zero-target-restricts-investments-oil-sands-companies