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Changes in Federal Policies Pose Significant Risks for New York City's Budget
… New York City in the coming years appear manageable, but tax changes and budget cuts on the federal level pose a … Representatives and the Senate have reached agreement on a tax plan, which limits the deductibility of state and local … be offset in the current fiscal year by a reduction in the property tax reserve and by unplanned audit revenue. …
https://www.osc.ny.gov/press/releases/2017/12/changes-federal-policies-pose-significant-risks-new-york-citys-budgetReal Estate Portfolio (Follow-Up)
… lasts 50 years and includes a land management plan for property affected by the hydroelectric plant. Any decisions … to maintain adequate inventory controls for all of its property and to periodically review this inventory to …
https://www.osc.ny.gov/state-agencies/audits/2018/12/28/real-estate-portfolio-followJoin Our Team as a Local Government Auditor
… schools. LGSA auditors play a critical role in ensuring tax dollars are being used effectively and in the best … on a wide range of topics including cybersecurity, property tax cap reporting, financial planning, procurement, and more. …
https://www.osc.ny.gov/jobs/lgsaIV.2 Governing State Statutes – IV. Accounting Codes - Uses and Descriptions
… accounts for: A revenues, receipts, resources and property of the state and each of its agencies; for all … revenue source including repayments of advances and each tax both in total and net of refunds and reimbursements. The … sources for each fund, including detail for each major tax and for major components of miscellaneous receipts. …
https://www.osc.ny.gov/state-agencies/gfo/chapter-iv/iv2-governing-state-statutesBoom or Bust? Federal Relief Aid and Local Government Finances in New York State
Boom or Bust? Federal Relief Aid and Local Government Finances in New York State
https://www.osc.ny.gov/files/local-government/publications/pdf/fiscal-cliffs.pdfIdentifying Fiscal Cliffs in New York City’s Financial Plan
… Budget). The tool includes both City and federal COVID-19 relief funding and highlights areas of at-risk spending due … funded cliffs, which result from the use of pandemic relief dollars to pay for recurring services. The federal … sustain the current level of elevated spending after the relief funds expire. As agencies consider ways to generate …
https://www.osc.ny.gov/reports/osdc/identifying-fiscal-cliffs-new-york-citys-financial-planComptroller DiNapoli Releases Municipal Audits
… are reasonable. The proposed budgets did not include a tax overlay or provisions for infrastructure needs. … adopted. The village’s proposed budget complies with the property tax levy limit. Mount Vernon Industrial Development Agency – …
https://www.osc.ny.gov/press/releases/2014/04/comptroller-dinapoli-releases-municipal-audits-2State Comptroller DiNapoli Releases Municipal & School Audits
… fund balance, one-time state funding and the sale of property to finance its operations. In addition, the budget includes revenue estimates for income tax surcharge, sales and use tax as well as city and state mortgage tax that may not be …
https://www.osc.ny.gov/press/releases/2023/05/state-comptroller-dinapoli-releases-municipal-school-auditsState Comptroller DiNapoli Releases Municipal Audits
… has exhausted nearly 100 percent of its constitutional tax limit. In addition, the village has significant … bank accounts in a timely manner. About $5 million of real property tax revenue was not posted to the accounting records. Bank …
https://www.osc.ny.gov/press/releases/2021/01/state-comptroller-dinapoli-releases-municipal-auditsComptroller DiNapoli Releases Municipal Audits
… a clear, consistent and equitable basis for billing property owners. In addition, certain charges stipulated in … unplanned operating deficits annually. Town of Almond – Tax Collection (Allegany County) Auditors found that the … issue receipts or retain adequate evidence of receipt for tax payments collected or to establish tax payment dates. …
https://www.osc.ny.gov/press/releases/2019/12/comptroller-dinapoli-releases-municipal-auditsDiNapoli Op-Ed in Buffalo News Urges Washington to Help Governments Hurt by COVID-19
… and local governments – not cuts to essential services or tax increases. The economic impact of COVID-19 has produced dramatic drops in government revenue. State tax revenue in New York was down $1.5 billion or 17.3 percent … reductions to a wide range of local services or increase property taxes, when we can least afford it. This would also …
https://www.osc.ny.gov/press/releases/2020/07/dinapoli-op-ed-buffalo-news-urges-washington-help-governments-hurt-covid-19Unclaimed Property Relating to Museum and Military Property
The New York State Comptroller’s Office of Unclaimed Funds maintains a list of certain properties that have been left in museums, historical societies, zoologic
https://www.osc.ny.gov/files/unclaimed-funds/reporters/pdf/museum-and-military-property.pdfState Comptroller DiNapoli Releases Municipal & School Audits
… filed, as required. Greenburgh Central School District – Tax Certiorari Reserve (Westchester County) The board properly established the tax certiorari reserve fund and maintained it at a reasonable … over to the Office of the State Comptroller as abandoned property. … New York State Comptroller Thomas P DiNapoli …
https://www.osc.ny.gov/press/releases/2024/09/state-comptroller-dinapoli-releases-municipal-school-auditsVillage of Washingtonville – Budget Review (B25-6-1)
… were significant, such as a $32,471 difference in real property taxes, we chose to rely on the proposed budget that … condition. The 2025-26 tentative budget includes a tax levy of $5.4 million. Similar to the revenue and … records precludes us from concluding on the Village’s tax cap compliance. Key Recommendations Adopt a budget that …
https://www.osc.ny.gov/local-government/audits/village/2025/01/22/village-washingtonville-budget-review-b25-6-1Opinion 89-64
… -- Gifts and Loans (consideration paid for the purchase of property) REAL PROPERTY -- Acquisition Generally (consideration paid) -- … LAW, §247; VILLAGE LAW, §1-102(1): When purchasing real property, a village board of trustees has a fiduciary duty to …
https://www.osc.ny.gov/legal-opinions/opinion-89-64Life Changes: Getting Your Affairs in Order and A Guide for Survivors
… or private plans) for which you may be eligible. Income tax information — copies of both state, city (if applicable) … and federal income tax returns for the last two years. Property tax information — copies of tax bills, deeds, liens … information. Insurance policies — life, auto, homeowners, property, accident, liability, long-term care and …
https://www.osc.ny.gov/retirement/publications/getting-your-affairs-order-and-guide-survivorsDiNapoli: Buffalo's Financial Condition Improves
… to $447 million in 2012. This includes $82 million from property taxes, $85 million from sales taxes and $173 million … district – which means the city must raise and collect property taxes and issue debt on the district’s behalf. Due … Buffalo has exhausted 71 percent of its Constitutional Tax Limit as of 2012. This is similar to the other cities …
https://www.osc.ny.gov/press/releases/2014/01/dinapoli-buffalos-financial-condition-improvesOpinion 92-23
… county attorney's office with respect to determining the application of the Civil Divisions Act. Town improvement …
https://www.osc.ny.gov/legal-opinions/opinion-92-23State Comptroller DiNapoli and Department of Financial Services Superintendent Harris Designate New Banking Development District To Support Community Banking in South Bronx
… language access and so much more to provide comprehensive relief. I'm looking forward to the benefits of this program … to access the resources they need.” Anthony DeRosa, OnSite Property Management said , "The reality of Ponce Bank being …
https://www.osc.ny.gov/press/releases/2024/09/state-comptroller-dinapoli-and-department-financial-services-superintendent-harris-designate-newDiNapoli: 16 School Districts Designated in Fiscal Stress
… Monitoring System for the school year (SY) ending June 30, 2023, up from 14 districts in fiscal stress the prior … Monitoring System for the school year SY ending June 30 2023 …
https://www.osc.ny.gov/press/releases/2024/01/dinapoli-16-school-districts-designated-fiscal-stress