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Review of the Financial Plan of the City of New York, May 2022
The release of New York City’s $99.7 billion Fiscal Year (FY) 2023 Budget - $104.9 billion when adjusted for surplus transfers - and Financial Plan (the “April Plan”) signifies a remarkable fiscal turnaround since the adoption of the FY 2022 budget in June 2021.
https://www.osc.ny.gov/files/reports/osdc/pdf/report-4-2023.pdfNew York City’s Uneven Recovery: An Analysis of Labor Force Trends
This report aims to understand the main differences in labor force participation among New York City’s workers and discusses discusses some of the reasons for the City’s uneven recovery when compared to the rest of New York State and the nation.
https://www.osc.ny.gov/files/reports/osdc/pdf/report-3-2023.pdfAFR Modernization - The Statement of Indebtedness and Bond Repayment Schedule Webinar Presentation
This webinar will provide a detailed walkthrough of the Statement of Indebtedness and Bond Repayment Schedules which will be included in the new Annual Financial Report (AFR) currently being developed by our staff at the Office of the State Comptroller (OSC).
https://www.osc.ny.gov/files/local-government/academy/pdf/afr-statement-of-indebtedness-and-bond-repayment-11-3-21.pdfNYC Health + Hospitals Check-Up: The Impact of COVID-19
NYC Health + Hospitals (H+H) is the largest municipal public health system in the country and New York City’s largest provider of care to Medicaid patients, mental health patients, and uninsured patients, serving more than 1 million New Yorkers within the five boroughs.
https://www.osc.ny.gov/files/reports/osdc/pdf/report-9-2022.pdfOversight of Provider Consolidated Fiscal Reports – Independent Living, Inc. (2019-S-60) 180-Day Response
To determine whether the Office of Mental Health ensures that costs reported by providers such as Independent Living, Inc. on Consolidated Fiscal Reports are allowable, properly calculated, and adequately documented in accordance with Consolidated Fiscal Reporting and Claiming Manual requirements.
https://www.osc.ny.gov/files/state-agencies/audits/pdf/2020-19s60-response.pdfImproper Payments for Sexual and Erectile Dysfunction Drugs, Procedures, and Supplies Provided to Medicaid Recipients, Including Sex Offenders (Follow-Up) (2020-F-15)
To follow up on the actions taken by officials of the Department of Health to implement the recommendations contained in our audit report, Improper Payments for Sexual and Erectile Dysfunction Drugs, Procedures, and Supplies Provided to Medicaid Recipients, Including Sex Offenders.
https://www.osc.ny.gov/files/state-agencies/audits/pdf/sga-2021-20f15.pdfNew Funding Needed for MTA Improvements to Prevent Unplanned Fare and Toll Hikes
… years, starting at $112 million in 2020 and growing to $493 million in 2021, despite planned biennial fare and toll … For access to state and local government spending, public authority financial data …
https://www.osc.ny.gov/press/releases/2017/11/new-funding-needed-mta-improvements-prevent-unplanned-fare-and-toll-hikesOpinion 95-27
… This opinion represents the views of the Office of the State Comptroller at the time it was rendered. … education paid to a school district as a result of a court order or judgment will be barred unless the court order or judgment and other required data are filed with the …
https://www.osc.ny.gov/legal-opinions/opinion-95-27DiNapoli: NYC Budget Benefits From Stronger Economy
… with each year,” DiNapoli said. “To his credit, Mayor de Blasio has taken steps to increase the city’s reserves, … in FY 2015 and by a similar amount in FY 2016. Mayor de Blasio has also proposed increasing the city’s ten-year …
https://www.osc.ny.gov/press/releases/2015/03/dinapoli-nyc-budget-benefits-stronger-economyDiNapoli: State Tax Collections Outperform Budget Division Projections for 2023-24
… 2024-25. Tax collections for SFY 2023-24 were $5.2 billion lower than the previous year, due, in part, to a decline in Personal Income Tax (PIT) receipts resulting from lower middle-class tax rates and lower payments related to … $14.4 billion or 6.5% higher than last year. The General Fund ended the fiscal year with a balance of $46.3 billion, …
https://www.osc.ny.gov/press/releases/2024/04/dinapoli-state-tax-collections-outperform-budget-division-projections-2023-24MTA's East Side Access Project 10 Years Late and $4.4 Billion Over Budget
The Metropolitan Transportation Authoritys MTAs East Side Access project which will bring Long Island Rail Road LIRR service to Grand Central Terminal for the first time is expected to cost nearly $9 billion when finished in 2019 more than twice the MTAs initial cost estimate and a decade
https://www.osc.ny.gov/press/releases/2013/03/mtas-east-side-access-project-10-years-late-and-44-billion-over-budgetV.3.F Projects – V. Chart of Accounts (COA) Governance
… The Project ID ChartField captures transaction information for endeavors … and may be operational or capital in nature. The Project ID is 15 alphanumeric digits in length. It captures … SFSCoach which contains a detailed listing of the Project ID Naming Standards under the Projects and Program Management …
https://www.osc.ny.gov/state-agencies/gfo/chapter-v/v3f-projectsXVII.2.D Federal M-Year Reminder – XVII. Lapsing Appropriations
… In 1990, the US Congress enacted legislation (§1405(a) of … In 1990 the US Congress enacted legislation 1405a of Public …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xvii/xvii2d-federal-m-year-reminderRFP#0008 – Audit of OSC Internal Controls
… Request for Proposals Issued June 9, 2025 The Office of the State Comptroller (“OSC”) is seeking … information as it becomes available, is available for download through the following links: Request for Proposals , in PDF Forms Only , in MS Word format Attachment C – Cost …
https://www.osc.ny.gov/procurement/rfp0008State Agencies Bulletin No. 2122
… Purpose The purpose of this bulletin is to inform agencies of the automatic system termination of employees who have not received a paycheck since 12/31/2021, and to … of the maximum effective dated row on Job Data, whichever is greater, using Action/Reason code TER/STE unless the …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2122-automatic-system-termination-employees-not-paid-more-one-yearState Agencies Bulletin No. 2339
… agencies of OSC’s automatic processing of the April 2025 Arbitration Eligible (BU01) and Non-Arbitration Eligible (BU21) Salary Increase for Employees in … payments not processed automatically. Affected Employees: Arbitration eligible employees in Bargaining Unit 01 and …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2339-april-2025-3-salary-increases-arbitration-eligible-bu01-and-nonNYS Common Retirement Fund Announces First Quarter Results
… mortgages (21.7 percent), private equity (7.5 percent), real estate (6.4 percent), absolute return strategies (3.6 percent) and opportunistic alternatives and real assets (1.0 percent). DiNapoli initiated quarterly …
https://www.osc.ny.gov/press/releases/2015/08/nys-common-retirement-fund-announces-first-quarter-resultsNYS Common Retirement Fund Reports Third Quarter Results
… was -7.17 percent for the three-month period ending Dec. 31, 2018, with an estimated value of $197.3 billion, … 201819 was 717 percent for the threemonth period ending Dec 31 2018 with an estimated value of $1973 billion …
https://www.osc.ny.gov/press/releases/2019/02/nys-common-retirement-fund-reports-third-quarter-resultsNYS Common Retirement Fund Reports Second Quarter Results
… The New York State Common Retirement Fund’s (Fund) estimated return in the second quarter of the State Fiscal … ending Sept. 30, 2020, and ended the quarter with an estimated value of $226.4 billion, according to New York … of strong investment returns raised the pension fund’s estimated value to a new high,” DiNapoli said. “Our pension …
https://www.osc.ny.gov/press/releases/2020/11/nys-common-retirement-fund-reports-second-quarter-resultsDiNapoli: NYC Sales Tax Collections Strong Due to Tourism and Commuter Return, Fueling Statewide Strength
… a drop of 23.2% from STYs 2019-20 to 2020-21 while the rest of the state remained relatively stable. The two biggest … and hospitality fared worse in the city than in the rest of the state, dropping 66% to $13.2 billion in STY 2020-21, compared to a decline of 27% across the rest of the state. At the same time, DiNapoli’s report notes …
https://www.osc.ny.gov/press/releases/2023/04/dinapoli-nyc-sales-tax-collections-strong-due-tourism-and-commuter-return-fueling-statewide-strength