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DiNapoli: Restaurant Industry Critical to New York City's Economy
… New York City’s restaurant industry had 23,650 establishments in 2019, provided 317,800 jobs, paid $10.7 billion in total … report found that in April, restaurant employment in New York City dropped to 91,000 jobs as restrictions were … New York Citys restaurant industry had 23650 establishments …
https://www.osc.ny.gov/press/releases/2020/10/dinapoli-restaurant-industry-critical-new-york-citys-economyOpinion 88-49
… with) VILLAGE MAYOR -- Powers and Duties (authority to make motions at board meetings) MUNICIPAL HOME RULE LAW, §23: … VILLAGE LAW, §§3-301(4); 4-400(1)(a): A village mayor may make motions in the same manner as any other member of the … In a related question, you ask whether the mayor may make a motion at a meeting of the board of trustees. You …
https://www.osc.ny.gov/legal-opinions/opinion-88-49Controls Over Cash Advance Accounts
… account funds prior to transfer to the State Treasury. In addition, the same person signs checks, maintains the … the bank account. As a result of increased credit card usage, the activity in the Home Office Advance Account, with an authorized …
https://www.osc.ny.gov/state-agencies/audits/2014/04/15/controls-over-cash-advance-accountsOpinion 91-27
… decision in Nydick v Suffolk County Legislature , 36 NY2d 951, 373 NYS2d 554, affg on opn at 81 Misc 2d 786, 367 NYS2d …
https://www.osc.ny.gov/legal-opinions/opinion-91-27Cost-Saving Ideas: Credit Card Accountability - Minimizing the Risk of Error, Misuse and Fraud
… also saves time and energy for procurement staff. The cost of this convenience is the heightened risk of inappropriate spending, such as wasteful or personal … must have both a credit card policy and a system of internal controls in place. Review our best practices …
https://www.osc.ny.gov/local-government/publications/cost-saving-ideas-credit-card-accountability-minimizing-risk-error-misuse-and-fraudOpinion 99-4
… benefit the IDA was established. You indicate that such grants would be designated for specific undertakings such as … facilities, horse racing facilities and continuing care retirement communities ... and thereby advance the job … one of more projects" ( id ., §858[10]), to "accept gifts, grants, loans or contributions from, and enter into contracts …
https://www.osc.ny.gov/legal-opinions/opinion-99-4Wall Street Bonuses Went Up In 2013
… The average bonus paid to securities industry employees in New … by 15 percent to $164,530 in 2013, which is the largest average bonus since the 2008 financial crisis, and the third … employees took home significantly higher bonuses on average,” DiNapoli said. “Although profits were lower than …
https://www.osc.ny.gov/press/releases/2014/03/wall-street-bonuses-went-2013Taxes and Your Pension
… Retirement Online and view your pension pay stub . NYSLRS does not withhold federal income tax from pension benefits … you file your tax return and may owe a penalty unless you make timely payments of estimated tax. Generally, if you are … to NYSLRS or took a taxable loan while you were working, a small portion of your benefit may be exempt from federal tax. …
https://www.osc.ny.gov/retirement/retirees/taxes-and-your-pensionNew York City Projecting Surplus of $2.7 Billion in Current Fiscal Year
… New York City projects a surplus of more than $2.7 billion for fiscal year (FY) 2020, up from $550 million in November 2019, which it plans to … the proposed executive state budget could increase costs for the city. The city should continue to boost reserves and …
https://www.osc.ny.gov/press/releases/2020/02/new-york-city-projecting-surplus-27-billion-current-fiscal-yearPrivacy and Links Policy
… the following information will be collected: The Internet Protocol Address and domain name used, but not the email address (The Internet Protocol Address is a numerical identifier assigned to you, …
https://www.osc.ny.gov/online-services/privacy-and-links-policyDiNapoli & NYC Make it Easier to Save for College
… New York's 529 College Savings Program's Direct Plan has eliminated the $25 minimum contribution required to open an account in an effort to make … New Yorks 529 College Savings Programs Direct Plan has eliminated the …
https://www.osc.ny.gov/press/releases/2017/09/dinapoli-nyc-make-it-easier-save-collegeOversight of the Title Insurance Industry
… DFS is responsible for regulating all insurance in New York State, including title insurance. Title insurance … time of sale. The cost of title insurance is higher in New York State than in comparable states, as noted by DFS … Services Law to conduct investigations, research, studies, and analyses of matters affecting the interests of …
https://www.osc.ny.gov/state-agencies/audits/2019/03/21/oversight-title-insurance-industryMinority- and Women-Owned Business Enterprises (MWBEs)
New York State supports small businesses and certified minority andor womenowned businesses through a variety of programs In fact in some cases state agen
https://www.osc.ny.gov/state-vendors/resources/minority-and-women-owned-business-enterprises-mwbesDiNapoli: More School Districts Take Initial Steps to Exceed Tax Cap
… The percentage of school districts initially planning to override New York’s property tax cap in 2016-17 has nearly doubled when compared to last year, but still remains relatively small, according to preliminary data filed with the office of State … The percentage of school districts initially planning to override New Yorks property tax cap in 201617 has nearly …
https://www.osc.ny.gov/press/releases/2016/03/dinapoli-more-school-districts-take-initial-steps-exceed-tax-capDiNapoli Op-Ed in Newsday Urges Washington to Help Governments Hurt by COVID-19
… the federal government to do more to help state and local governments hit hard by the coronavirus. The full op-ed is below: State, local governments can slide into fiscal black hole We are all … the federal government to do more to help state and local governments hit hard by the coronavirus …
https://www.osc.ny.gov/press/releases/2020/04/dinapoli-op-ed-newsday-urges-washington-help-governments-hurt-covid-19Vendor File Advisory No. 8
… Subject: Updating the Vendor Certification section to include a new certification Reference: Guide to Financial Operations (GFO), … Updating the Vendor Certification section to include a new certification …
https://www.osc.ny.gov/state-agencies/advisories/vendor-file-advisory/8-vendor-certifications-updateDiNapoli Releases East Harlem Economic Snapshot
… and an important part of New York City's identity." "El Barrio/East Harlem's economy is prosperous as ever," said … proud of all the work my office has completed to benefit El Barrio/East Harlem's economy, and therefore shaped our …
https://www.osc.ny.gov/press/releases/2017/12/dinapoli-releases-east-harlem-economic-snapshotFiscal Stress Monitoring System Briefing for School District Officials
Presenters will provide an overview of how the system evaluates fiscal stress, what a change in score or designation does or does not signify, and common issues that appear to be affecting school districts.
https://www.osc.ny.gov/files/local-government/academy/pdf/fsms-schools-010825.pdfDiNapoli: Neighborhood Banks Helping Stabilize, Revitalize City Communities
… in each of the two bank branches. "Residents of New York City, and the neighborhood businesses where they spend their … in nearly a decade," said Brooklyn Borough President Eric Adams . "As the co-applicant on this project with … for those who have been traditionally underbanked," said Eric Pallas, President of Spring Bank . "Ten years later, we …
https://www.osc.ny.gov/press/releases/2017/12/dinapoli-neighborhood-banks-helping-stabilize-revitalize-city-communitiesThe Retail Sector in New York City: Recent Trends and the Impact of COVID-19
… pandemic, with such locally well-known stores as Century 21 and Modell’s Sporting Goods entering proceedings. Some of … Stations 3.6 30,700 -2% 17% Total Retail 344.6 46,600 21% -1% Sources: NYS Department of Labor; OSC analysis This … York City. For 2019 job and firm data, the neighborhoods match the geographic PUMA boundaries. Where data is reported …
https://www.osc.ny.gov/reports/osdc/retail-sector-new-york-city-recent-trends-and-impact-covid-19