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Opinion 88-50
… whether old, worn materials are completely replaced with new materials". We then concluded that the replacement of … a truck's body, in conjunction with the acquisition of a new engine, constitutes a "capital improvement," rather than …
https://www.osc.ny.gov/legal-opinions/opinion-88-50DiNapoli Calls for Long-Needed State Debt Reform
… Other debt has been structured in a way that it does not meet the technical definition for being counted …
https://www.osc.ny.gov/press/releases/2023/01/dinapoli-calls-long-needed-state-debt-reformDiNapoli: Housing Cost Burdens for New Yorkers Among Nation's Highest
… reports focused on poverty and food insecurity. “For too many New Yorkers, finding and keeping an adequate and … compared with 31% of households headed by a white person. People experiencing homelessness were also disproportionately … Mitigate evictions and homelessness, including determining how much financial support should continue for the Emergency …
https://www.osc.ny.gov/press/releases/2024/02/dinapoli-housing-cost-burdens-new-yorkers-among-nations-highestState Comptroller DiNapoli Releases Municipal & School Audits
… $134,742 from a home improvement store; $25,140 from an online retailer; and $23,242 for furniture and appliances. … employment agreement indicating he was not eligible to receive overtime payments. In addition, one employee was … were paid $26,297 for overtime without being required to seek preapproval per their CBAs or district policy. Town …
https://www.osc.ny.gov/press/releases/2023/07/state-comptroller-dinapoli-releases-municipal-school-auditsXIV.4.B Establishment and Closing of Bank Accounts – XIV. Special Procedures
… Agency Request It is the agency’s responsibility to request to establish a bank … request to determine if the establishment of the account is consistent with all relevant rules, regulations, and statutes, and to determine if the account is necessary for its operations. To ensure that each new …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xiv/xiv4b-establishment-and-closing-bank-accountsState Comptroller DiNapoli Releases State Revenue Projection to Reflect Coronavirus Impact
… one alternative scenario if a more severe recession or sharper declines in the stock market occur, which could … are currently unable to rule out a more severe recession or sharper stock market declines; if either occurs, the … COVID-19, including personal services, equipment, supplies or training. Other costs not currently expected, and …
https://www.osc.ny.gov/press/releases/2020/03/state-comptroller-dinapoli-releases-state-revenue-projection-reflect-coronavirus-impactDiNapoli: Wall St. 2021 Profits near Record Levels
… profits above 2020’s pre-tax revenue of $50.9 billion or reaches the record $61.4 billion the industry generated in … City’s securities industry declined by nearly 2 percent (or 3,600 jobs) in 2020 to 179,900 jobs. The loss of industry … of employees (29%) back at their workplaces (either hybrid or full-time) compared to Manhattan office workers overall …
https://www.osc.ny.gov/press/releases/2021/10/dinapoli-wall-st-2021-profits-near-record-levelsDiNapoli: Wall St. Profits Soared in First Half of 2020
… the broker/dealer operations of New York Stock Exchange (NYSE) member firms. There are now about 120 member firms, …
https://www.osc.ny.gov/press/releases/2020/10/dinapoli-wall-st-profits-soared-first-half-2020DiNapoli: Wall Street Bonuses Edge Up in 2014
… State tax collections in state Fiscal Year 2013-14. See a video on this report at Wall Street Bonus Report video . See the chart showing the Comptroller's estimates of …
https://www.osc.ny.gov/press/releases/2015/03/dinapoli-wall-street-bonuses-edge-2014DiNapoli: Wall St. Profits Return to Pre-Pandemic Levels
… to State Comptroller Thomas P. DiNapoli’s annual report on New York City’s securities industry. “The last two years of profits …
https://www.osc.ny.gov/press/releases/2022/10/dinapoli-wall-st-profits-return-pre-pandemic-levelsControls and Management of the Unemployment Insurance System
… through no fault of their own (as determined under State law) and meet other eligibility requirements of State law. In March 2020, Executive Order 202.8 – New York State on PAUSE – directed the temporary closure of all … using ID.me, Inc. (ID.me) to provide identity verification services. In addition to managing UI benefits and record …
https://www.osc.ny.gov/state-agencies/audits/2022/11/15/controls-and-management-unemployment-insurance-systemGovernor Cuomo and Comptroller DiNapoli Appoint First-Ever Decarbonization Advisory Panel
… & Von Otterloo, and the Pension Finance Committee of the World Bank. Alicia Seiger: Deputy Director of Steyer-Taylor … expert at Ontario Teachers' Pension Plan, one of the world's largest institutional investors. A professional …
https://www.osc.ny.gov/press/releases/2018/03/governor-cuomo-and-comptroller-dinapoli-appoint-first-ever-decarbonization-advisory-panelDiNapoli Announces State Contract and Payment Actions for May 2017
… waste or other improprieties. Cumulatively through May for calendar year 2017, DiNapoli's office has approved 7,264 … financial officer, DiNapoli's office reviews contracts for all state agencies and certain state public authorities … playing field is level and taxpayers get the best value for their money. These independent audits also help ensure …
https://www.osc.ny.gov/press/releases/2017/06/dinapoli-announces-state-contract-and-payment-actions-may-2017State Comptroller DiNapoli Positions New York Pension Fund For Low Carbon Future
… a $2 billion index that will exclude or reduce investments in companies that are large contributors to carbon emissions … coal mining industry, and increase the Fund’s investments in companies that are lower emitters. DiNapoli announced the … New York State Common Retirement Fund, the third largest public pension plan in the United States. To protect the …
https://www.osc.ny.gov/press/releases/2015/12/state-comptroller-dinapoli-positions-new-york-pension-fund-low-carbon-futureNew York City Agency Services Monitoring Tool
… Balancing New York City’s budget each fiscal year is foundational for … residents. Read More Monthly Quarterly Annual The Office of the New York State Comptroller (OSC) has …
https://www.osc.ny.gov/reports/osdc/new-york-city-agency-services-monitoring-toolOpinion 2007-1
… or statutory amendments that bear on the issues discussed in the opinion. PUBLIC CONTRACTS -- Contracts Not Requiring … with private bus companies to provide paratransit services in connection with a program in compliance with the American with Disabilities Act of 1990 …
https://www.osc.ny.gov/legal-opinions/opinion-2007-1DiNapoli: Nearly 14% of New Yorkers Live in Poverty; Surpasses National Average for Eight Straight Years
… Almost 2.7 million New Yorkers, or 13.9% of the state’s population, lived in poverty in 2021, compared … experienced by many households,” DiNapoli said. “We saw what a large and broad federal response achieved, as the … of New York’s Hispanic population was below the poverty level in 2021, a decrease of five percentage points from …
https://www.osc.ny.gov/press/releases/2022/12/dinapoli-nearly-14-percent-of-new-yorkers-live-poverty-surpasses-national-average-eight-straight-yearsNew York’s Balance of Payments in the Federal Budget: Federal Fiscal Year 2023
The distribution of federal resources and the fiscal relationship between states and the federal government is complex
https://www.osc.ny.gov/reports/new-yorks-balance-payments-federal-budget-federal-fiscal-year-2023State Comptroller DiNapoli Releases Municipal Audits
… DiNapoli. “By auditing municipal finances and operations, my office continues to provide taxpayers the assurance that … board consistently appropriated excessive amounts of fund balance in the general fund to finance operations which … funds with the intention of increasing the levels of fund balance to guard against unforeseen repairs and finance …
https://www.osc.ny.gov/press/releases/2014/11/state-comptroller-dinapoli-releases-municipal-auditsX.7.A Centralized Corporate Customers – X. Guide to Vendor/Customer Management
… This process allows Business Units to bill and/or pay each other without the need for paper and checks. …
https://www.osc.ny.gov/state-agencies/gfo/chapter-x/x7a-centralized-corporate-customers