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Changes in Federal Policies Pose Significant Risks for New York City's Budget
… difficult times may lie ahead, depending on the effects of what happens in Washington." The November update to the … fiscal years 2018 through 2021 projects budget gaps of $3.2 billion in fiscal year (FY) 2019, $2.3 billion in FY … than those projected in June, reflecting the impact of a citywide savings program and better-than-expected …
https://www.osc.ny.gov/press/releases/2017/12/changes-federal-policies-pose-significant-risks-new-york-citys-budgetDiNapoli: Investment in Upstate Company Returns $33.8 Million to State Pension Fund
… instruments and has consistently been ranked as one of the best managed and best funded plans in the nation. Over the past 20 years, 82 … Angeles, Beijing, London, Munich and Sydney. www.autotask.com … The New York State Common Retirement Fund Fund received …
https://www.osc.ny.gov/press/releases/2014/08/dinapoli-investment-upstate-company-returns-338-million-state-pension-fundOyster Bay Water District – Payments in Lieu of Health Insurance (2017M-43)
… providing health insurance by $37,179. District officials do not require participants to certify on an annual basis …
https://www.osc.ny.gov/local-government/audits/district/2017/06/02/oyster-bay-water-district-payments-lieu-health-insurance-2017m-43DiNapoli: Rise in NYC Metro Area Housing Costs Outpaces Other U.S. Cities
… Housing costs in New York City and the surrounding suburbs have grown more than 68% over the … compared to 12% nationally. Economic Headwinds Restrict Supply A halt in construction during the pandemic, a … of the year, but it has not been enough to keep up with demand. Despite efforts, permits for new residential …
https://www.osc.ny.gov/press/releases/2024/01/dinapoli-rise-nyc-metro-area-housing-costs-outpaces-other-us-citiesDiNapoli Op-Ed: We Should Be Teaching Financial Literacy in NY's High Schools
… and investing. They become better equipped and informed to make important financial decisions in the future that … Blue Ribbon Commission on Graduation Measures recommended to the Board of Regents that financial literacy should be a … asking: “What knowledge, skills, and/or experiences do you think are important for all students to have by the …
https://www.osc.ny.gov/press/releases/2024/02/dinapoli-op-ed-we-should-be-teaching-financial-literacy-nys-high-schoolsDiNapoli: Audit Recommends Labor Department Step Up Investigations of Violations in NYC
… in New York City are addressed promptly.” In fiscal year 2021, the U.S. Department of Labor found 2,819 minors … labor law violations in the state in 2022 compared with 2021. Labor investigations cannot be opened until a claim has …
https://www.osc.ny.gov/press/releases/2024/01/dinapoli-audit-recommends-labor-department-step-investigations-violations-nycDiNapoli Op-Ed: New York Needs to Boost Financial Education in Our Schools
… One bill called for the creation of a financial literacy fund, which would provide funding for grants or programs to …
https://www.osc.ny.gov/press/releases/2023/11/dinapoli-op-ed-new-york-needs-boost-financial-education-our-schoolsDiNapoli: Pandemic Necessity and Opportunity Fuel Business Growth in New York City
… a business or expand by providing services more easily online.” The overall number of businesses rose 6.5% in New … and business service companies expanded due to new online services and other technology. For example, software …
https://www.osc.ny.gov/press/releases/2024/06/dinapoli-pandemic-necessity-and-opportunity-fuel-business-growth-new-york-cityDiNapoli: No Good Options for MTA to Manage Hole in Capital Funding
… As the Metropolitan Transportation Authority (MTA) adjusts to the loss of $15 billion in congestion pricing revenue and decides which capital projects to cancel or delay, it must prioritize keeping the system in a state of good repair and it must be transparent about how the choices it makes will impact riders, according to a …
https://www.osc.ny.gov/press/releases/2024/06/dinapoli-no-good-options-mta-manage-hole-capital-fundingNY State Comptroller DiNapoli Announces New $50 Million Investment in Northern Ireland
… P. DiNapoli was joined in Belfast by Joseph Kennedy III, U.S. Department of State Special Envoy for Northern Ireland … from the New York State Common Retirement Fund. The investment from the state pension fund’s private equity program will be managed by 57 Stars, a …
https://www.osc.ny.gov/press/releases/2023/10/ny-state-comptroller-dinapoli-announces-new-50-million-investment-northern-irelandDiNapoli: Huntington Man Charged With Stealing Over $56,000 in State Pension Payments
… New York State Comptroller Thomas P. DiNapoli and Suffolk County District Attorney Raymond A. Tierney today … K. Johnson, 63, of Huntington, for allegedly stealing his mother’s public pension payments following her death in April of 2021. “Mr. Johnson allegedly took …
https://www.osc.ny.gov/press/releases/2023/10/dinapoli-huntington-man-charged-stealing-over-56000-state-pension-paymentsDiNapoli: Value of IDA Projects Grew 10% in 2021 to $126 Billion
… State Comptroller’s Office. While most IDAs operate on a calendar year basis, several, including the New York City …
https://www.osc.ny.gov/press/releases/2023/04/dinapoli-value-ida-projects-grew-10-percent-in-2021-to-126-billionDiNapoli: State Missed Out on Over $180 Million in Medicaid Drug Rebates
… results. “Medicaid provides vital access to healthcare for millions of New Yorkers, which is why we cannot afford to … DOH is supposed to identify claims that are eligible for rebates and provide them to a third party — Magellan … no Medicaid payment had been made, making them ineligible for rebates. For example, on one claim where Medicaid …
https://www.osc.ny.gov/press/releases/2023/04/dinapoli-state-missed-out-over-180-million-medicaid-drug-rebatesDiNapoli: Local Sales Tax Collections Grew 12.7% to $22.1 Billion in 2022
… tax collections in New York state totaled $22.1 billion in calendar year 2022, up 12.7%, or $2.5 billion, from 2021 due … tax collections in New York state totaled $221 billion in calendar year 2022 up 127 or $25 billion from 2021 due to …
https://www.osc.ny.gov/press/releases/2023/02/dinapoli-local-sales-tax-collections-grew-127-221-billion-2022DiNapoli: Tax Collections Down $1.3 Billion in First Half of Fiscal Year
… Tax collections through the first half of the state fiscal … billion from the same period a year ago as personal income tax (PIT) receipts, the state’s largest source of revenue, …
https://www.osc.ny.gov/press/releases/2016/11/dinapoli-tax-collections-down-13-billion-first-half-fiscal-yearDiNapoli: Daughter Allegedly Stole Over $240K in Deceased Father's NYS Pension Payments
… more than $240,000 in New York state pension payments made to her deceased father over a 4 ½-year period. “The defendant took advantage of her father’s death to profit handsomely at the expense of New York’s retirement … Police for partnering with my Division of Investigations to bring her to justice. We will seek full restitution and …
https://www.osc.ny.gov/press/releases/2023/03/dinapoli-daughter-allegedly-stole-over-240k-deceased-fathers-nys-pension-paymentsDiNapoli: Court Clerk Pleads Guilty to Stealing More Than $10,000 in Fines
… to petit larceny after a joint investigation by the Office of the State Comptroller and the St. Lawrence County … State Comptroller Thomas P. DiNapoli. Lisa Dillon, 36, of Norwood, paid full restitution of $10,044 and was sentenced to pay an additional $1,000 fine …
https://www.osc.ny.gov/press/releases/2017/03/dinapoli-court-clerk-pleads-guilty-stealing-more-10000-finesDiNapoli: State Missing Out on Millions in Medicare Payments for Kidney Patients
… services to those who are economically disadvantaged or have special health care needs. The program is … federal health insurance program for people who are age 65 or older, people under 65 who have certain disabilities, and, … notify ESRD recipients of their entitlement to Medicare or take actions to help or encourage them to apply and enroll …
https://www.osc.ny.gov/press/releases/2017/03/dinapoli-state-missing-out-millions-medicare-payments-kidney-patientsState Pension Fund Adds $30 Million for Investments in New York Companies
… investments in companies located in New York state. This is the state pension fund’s third commitment to Primary … companies, I am proud of how well the In-State Program is performing. As trustee of the state pension fund, I’m … Partners, formerly known as High Peaks Venture Partners, is an early stage venture capital firm. The pension fund made …
https://www.osc.ny.gov/press/releases/2015/03/state-pension-fund-adds-30-million-investments-new-york-companiesDiNapoli and Diaz Help Bronx Residents Claim $245 Million in Lost Money
… President Ruben Diaz Jr. will help raise awareness about unclaimed funds across the borough. It’s your money, come and get it. … Bronx residents to make the effort to track down their unclaimed money from the more than $244 million in unclaimed …
https://www.osc.ny.gov/press/releases/2015/03/dinapoli-and-diaz-help-bronx-residents-claim-245-million-lost-money