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NY's Balance of Payments With Washington Remains Positive for Now, but Federal Actions Could Drastically Change State's Financial Picture
… Federal pandemic relief funds resulted in New York having a … payments with Washington, with the state ranking 42 nd in federal fiscal year (FFY) 2023 on a per capita basis, … balance of payments, after a long history of sending more tax dollars to Washington than it receives back. For every …
https://www.osc.ny.gov/press/releases/2025/04/nys-balance-payments-washington-remains-positive-now-federal-actions-could-drastically-change-statesDiNapoli Releases May State Cash Report
… or 8.8 percent, from the same period last year, according to the state cash report issued today by State Comptroller … projections. In both cases, the decline was primarily due to lower personal income tax collections, partially offset by … balance since March 2014. For a detailed breakdown, go to http://www.osc.state.ny.us/finance/cbr.htm DiNapoli's …
https://www.osc.ny.gov/press/releases/2017/06/dinapoli-releases-may-state-cash-reportDiNapoli: State Tax Receipts Higher Than Updated Projections Through the First Half of the Year
… year,” DiNapoli said. “Continued job gains, wage growth, and easing inflation were all contributing factors to … tax receipts. However, global unrest, labor strikes, and a potential federal government shutdown could slow the … personal income tax (PIT) receipts totaled $26 billion and were $49 million below DOB’s updated financial plan …
https://www.osc.ny.gov/press/releases/2023/10/dinapoli-state-tax-receipts-higher-updated-projections-through-first-half-yearXII.8.F Changes to Vouchers After Submission to OSC – XII. Expenditures
… for the voucher (e.g., payment method, bank account for ACH, address sequence for checks). Scheduled Payment Date For … the voucher is processed by OSC. For vouchers payable by ACH, this is the date that funds are made available in the … PM on the date of the payment. For vouchers payable by ACH, the Bureau of State Expenditures must receive …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xii/xii8f-changes-vouchers-after-submission-oscRetiring Before Age 62 – Career Plan
… retire before age 62 will have their benefit reduced by the percentages shown below. The percentage of the benefit reduction is prorated based on your exact age … 56 24 57 21 58 18 59 15 60 12 61 6 62 0 It is important to know that once you retire with a reduced benefit, the …
https://www.osc.ny.gov/retirement/publications/1642/retiring-age-62Retiring Before Age 62 – Police and Fire Plan
… retire before age 62 will have their benefit reduced by the percentages shown below. The percentage of the benefit reduction is prorated based on your exact age … 56 24 57 21 58 18 59 15 60 12 61 6 62 0 It is important to know that once you retire with a reduced benefit, the …
https://www.osc.ny.gov/retirement/publications/1512/retiring-age-62Retiring Before Age 62 – Non-Contributory Plan with Guaranteed Benefits
… retire before age 62 will have their benefit reduced by the percentages shown below. The percentage of the benefit reduction is prorated based on your exact age … 56 24 57 21 58 18 59 15 60 12 61 6 62 0 It is important to know that once you retire with a reduced benefit, the …
https://www.osc.ny.gov/retirement/publications/1513/retiring-age-62DiNapoli Announces Decrease in Pension Contribution Rates for FY 2016-17; Lowers Assumed Rate of Return
… System (NYSLRS) employer contribution rates will decrease for fiscal year 2016-17 and the assumed rate of return for NYSLRS will be lowered from 7.5 percent to 7 percent. The average contribution rate for the Employees' Retirement System (ERS) will decrease from …
https://www.osc.ny.gov/press/releases/2015/09/dinapoli-announces-decrease-pension-contribution-rates-fy-2016-17-lowers-assumed-rate-returnComptroller DiNapoli Releases School District Audits
… ensure all claims are properly audited and approved before payment. The board appointed a claims auditor to assume its …
https://www.osc.ny.gov/press/releases/2019/04/comptroller-dinapoli-releases-school-district-auditsXI.16 Vendor Responsibility – XI. Procurement and Contract Management
… of their legal obligations with respect to determining the responsibility of a business entity (vendor, contractor or offerer) to which a contract may be … 163 of the State Finance Law (SFL) requires that contracts for services and commodities be awarded on the basis of …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xi/xi16-vendor-responsibilityState Agencies Bulletin No. 1197
… in PayServ from an SSN-based number to the current NYS EmplID, a non-SSN based alpha numeric value. ( Payroll … date, to identify whether the SSN can be replaced with the NYS EMPLID. Additional outreach will be conducted with …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1197-payroll-processing-calendar-schedule-ssn-decouplingEstablishing the Standard Work Day – Legacy Reporting
… Use our Standard Work Day Resolution for Employees form (RS2418) . ( Here is an example .) SWDs can be as few as … day a full-time employee in that title would be required to work. You must establish a SWD for each employee title … may have an eight-hour SWD, all clerical workers seven and one-half hours and all elected officials six hours. You …
https://www.osc.ny.gov/retirement/employers/legacy-reporting/establishing-standard-work-dayOpinion 95-13
… or statutory amendments that bear on the issues discussed in the opinion. BONDS AND NOTES -- Proceeds (use of excess) … may be used for any lawful school district purpose, in lieu of using the proceeds to pay principal and interest … from the sale of bonds must be deposited and secured in a special account, may not be commingled with other funds …
https://www.osc.ny.gov/legal-opinions/opinion-95-13DiNapoli: Former Rosendale Court Clerk to Repay Stolen Funds
… position and steal public money will be held accountable for their wrongdoing,” DiNapoli said. “I thank District Attorney Carnright and the State Police for their partnership on this case and helping to recoup this … the work Comptroller DiNapoli has done and continues to do for the citizens of Ulster County,” District Attorney …
https://www.osc.ny.gov/press/releases/0215/03/dinapoli-former-rosendale-court-clerk-repay-stolen-fundsDiNapoli Issues Analysis of 2021-22 Enacted State Budget
… Budget for State Fiscal Year (SFY) 2021-22 is boosted by a substantial influx of new resources, totaling an … $26.7 billion in SFY 2021-22. These resources include federal support, better-than-expected tax collections, … years, and the impact of revenue and expense actions on recurring budget gaps. DiNapoli said the financial plan …
https://www.osc.ny.gov/press/releases/2021/04/dinapoli-issues-analysis-2021-22-enacted-state-budgetDiNapoli: Halfway Through the Year, Revenue Hole Persists
… process in early November will provide a clearer picture for policymakers as they prepare to address our budget … That drop of 5.4 percent was the lowest monthly decline for sales tax since the fiscal year began in April. However, … from the same period a year earlier. Among the reasons for the increase is the $5.1 billion the state has received …
https://www.osc.ny.gov/press/releases/2020/10/dinapoli-halfway-through-year-revenue-hole-persistsReview of the Financial Plan of the City of New York - May 2019
The FY 2020 budget totals $92.5 billion, including $68.2 billion that will be funded with locally generated revenues (i.e., City funds).
https://www.osc.ny.gov/files/reports/osdc/pdf/report-3-2020.pdfPublic-Private Partnerships Potentially a "Good Option" but Financial Risks for Taxpayers Must Be Addressed
… As New York state grapples with cost-effective solutions for its estimated $250 billion in infrastructure needs over … said. “The big question is, how are we going to pay for that? Public-private partnerships are a good option to … partnerships don’t come risk-free. It makes good sense for the state to look at public-private partnerships based on …
https://www.osc.ny.gov/press/releases/2011/01/public-private-partnerships-potentially-good-option-financial-risks-taxpayers-must-be-addressedTown of Rensselaerville - Real Property Tax Exemption Administration (2019M-207)
… that the building was essential to the operation of a bona fide agricultural or horticultural production carried … to meet eligibility requirements. Except as specified in Appendix B, Town officials generally agreed with our … and indicated they planned to take corrective action. Appendix C includes our comment on an issue raised in the …
https://www.osc.ny.gov/local-government/audits/town/2020/01/10/town-rensselaerville-real-property-tax-exemption-administration-2019m-207State Agencies Bulletin No. 1760
… instructions for processing the 2019 CSEA ASU Work-Related Clothing Allowance Affected Employees Employees in the … memorandum dated 07/25/2019 provide for a Work-Related Clothing Allowance. Effective Date(s) The 2019 CSEA ASU …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1760-2019-work-related-clothing-allowance-asu-employees-title-racing