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New York’s Economy and Finances in the COVID-19 Era
… Subscribe for Latest Updates The State Comptroller’s office is committed to … and the associated recession. New Yok State’s GDP Declined by 36 Percent in the 2 nd Quarter of 2020 Overall economic activity in New York, as measured by real gross domestic product (GDP), declined steeply in the …
https://www.osc.ny.gov/reports/covid-19-october-14-2020DiNapoli: Wall St. First Half Profits Jumped
… Pretax profits in the securities industry reached $15.1 billion in the first six months of 2019, an 11 percent increase over … percent of the employees in the city’s securities industry live in the city, with the largest commuter group (23 …
https://www.osc.ny.gov/press/releases/2019/10/dinapoli-wall-st-first-half-profits-jumpedOpinion 93-33
… the newspaper. A school district, however, may not pay a claim for publication of a notice in a publication which is … conditions precedent to a newspaper making a claim for compensation for the publication of official notices of … a "newspaper" which may make a claim for payment of compensation for publication of school district official …
https://www.osc.ny.gov/legal-opinions/opinion-93-33NY's Balance of Payments With Washington Remains Positive for Now, but Federal Actions Could Drastically Change State's Financial Picture
… by the Trump Administration and Congress may cut health care, food assistance, infrastructure and other critical … income, Medicare and Medicaid for essential health care, and SNAP for basic food needs. In education, federal … and Jobs Act (IIJA) and the Inflation Reduction Act (IRA). The state expected to receive $13.6 billion in IIJA …
https://www.osc.ny.gov/press/releases/2025/04/nys-balance-payments-washington-remains-positive-now-federal-actions-could-drastically-change-statesMedicaid Program – Improper Medicaid Payments for Childhood Vaccines
… enrolled in Medicaid, the Medicaid program pays the vaccine administration fee. Key Findings Auditors identified …
https://www.osc.ny.gov/state-agencies/audits/2018/12/06/medicaid-program-improper-medicaid-payments-childhood-vaccinesCentral Office – Controls Over Bank Accounts
… of the City University of New York’s (CUNY) Central Office adequately ensured that all bank accounts were … purposes and transactions. The audit covers CUNY Central Office bank accounts for the period January 1, 2013 through …
https://www.osc.ny.gov/state-agencies/audits/2017/11/29/central-office-controls-over-bank-accountsDiNapoli: State Agency Overtime Pay Rose to a Record $716 Million Last Year
… $450.3 million, logged by all state agencies. Six agencies had over 25 percent of their workforces accruing overtime, … a relatively heavy reliance on overtime. Veterans’ Homes had the highest share of overtime workers, at 46.5 percent, …
https://www.osc.ny.gov/press/releases/2016/02/dinapoli-state-agency-overtime-pay-rose-record-716-million-last-yearDiNapoli: Pension Contribution Rates Remain Stable for Fiscal Year 2017-18
… Retirement System (NYSLRS) will stay virtually the same in Fiscal Year 2017-18 compared to Fiscal Year 2016-17, New … Retirement System (ERS) will decrease from 15.5 percent of payroll to 15.3 percent of payroll. The average … rates will remain stable for our participating employers in the near-term," DiNapoli said. "While the financial …
https://www.osc.ny.gov/press/releases/2016/09/dinapoli-pension-contribution-rates-remain-stable-fiscal-year-2017-18DiNapoli: SUNY Downstate Failed to Get Its Money's Worth From Cost-Cutting Consultant
… Medical Center paid a consultant $34 million for a plan to help the hospital out of financial trouble, but a report … failed to monitor PMA's $34 million contracts and did not get what it paid for," DiNapoli said. "When my office is … DiNapoli's office. The contract failed to clearly define how PMA would measure savings or delineate its …
https://www.osc.ny.gov/press/releases/2018/02/dinapoli-suny-downstate-failed-get-its-moneys-worth-cost-cutting-consultantState Comptroller DiNapoli Releases Municipal Audits
… today announced his office completed audits of Columbia County , Orleans County , Rutland Fire District , Village of … valid purposes, and did not annually audit the treasurer's records. Village of Walden – Financial Condition (Orange … County – Procurement (2017M-224) The superintendent of public works and the sheriff did not always procure goods and …
https://www.osc.ny.gov/press/releases/2018/02/state-comptroller-dinapoli-releases-municipal-audits-0Medicaid Program – Maximizing Drug Rebates for Health and Recovery Plans
… Purpose To determine whether the Department of Health took … appropriate steps to collect all available drug rebates for Health and Recovery Plans. The audit covered the period … were not invoiced and collected from manufacturers until after we informed Department officials of the errors. After …
https://www.osc.ny.gov/state-agencies/audits/2018/06/22/medicaid-program-maximizing-drug-rebates-health-and-recovery-plansSign up for emails DiNapoli: Former Tupper Lake Fire Treasurer Pleads Guilty in $30k Theft
… to grand larceny and agreed to repay the $30,000 he stole for private vacations revealed in an audit and investigation … began after the Tupper Lake VFD discovered Brown’s credit card abuse and contacted the Comptroller’s office. The audit … to fighting public corruption and encourages the public to help fight fraud and abuse. New Yorkers can report …
https://www.osc.ny.gov/press/releases/2016/02/sign-emails-dinapoli-former-tupper-lake-fire-treasurer-pleads-guilty-30k-theftState Comptroller DiNapoli Releases Municipal Audits
… of Homer , Plattekill Library , Town of Scriba and the Terryville Fire District . "In today’s fiscal climate, budget transparency and … a purchase order be approved prior to making all purchases in excess of $800 that are not subject to bidding …
https://www.osc.ny.gov/press/releases/2017/09/state-comptroller-dinapoli-releases-municipal-auditsCity of Lockport -- Budget Review (B18-1-10)
… as a financing source in the 2019 general, water, sewer, or refuse fund budgets and unrestricted fund balance in the …
https://www.osc.ny.gov/local-government/audits/city/2018/11/08/city-lockport-budget-review-b18-1-10Utilization of the Arch Street Yard and Shop Facility
… and inspection facility for its new M-7 electric rail cars, which Bombardier began delivering in 2002. According to … as intended for the acceptance and inspection of the M-7 cars. Moreover, except for occasional use of the wheel truing … to perform modifications on Metro-North Railroad rail cars. The LIRR incurred costs of $2.43 million to maintain …
https://www.osc.ny.gov/state-agencies/audits/2017/12/08/utilization-arch-street-yard-and-shop-facilityState Agencies Bulletin No. 1655
… Purpose To inform agencies that Position Pools and/or Chartfield Strings in PayServ may require updates for … chartfield strings will be lapsing on the above date and will no longer be available for payroll charges. … before June 21st for the Institution check dated 7/5/2018 and the Administration check dated 7/11/2018 to ensure that …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1655-updating-payserv-chartfield-strings-june-lapsing-eventsDiNapoli: Former Fire Company Treasurer Charged in $20,000 Theft
… 53, of Manchester, allegedly took thousands of dollars in cash withdrawals and advances from the fire company's credit …
https://www.osc.ny.gov/press/releases/2018/04/dinapoli-former-fire-company-treasurer-charged-20000-theftFinancial Oversight of the Advantage After School Program (Follow-Up)
… initial audit report, Financial Oversight of the Advantage After School Program (Report 2016-S-39 ). About the Program … and cultural age-appropriate activities that integrate what happens in the school day with less formal learning …
https://www.osc.ny.gov/state-agencies/audits/2019/09/27/financial-oversight-advantage-after-school-program-followDiNapoli: Foreclosure Filings Fall Nearly 50 Percent Statewide Since 2013
… to support the programs and reforms that have helped homeowners avoid foreclosure and communities reduce blight … more efficiently while continuing to ensure that both homeowners and financial institutions are treated equitably. …
https://www.osc.ny.gov/press/releases/2019/03/dinapoli-foreclosure-filings-fall-nearly-50-percent-statewide-2013State Agencies Bulletin No. 1586
… a new row into PayServ on the Department Budget Table USA with a valid chartfield string effective the beginning of …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1586-sfs-chartfield-strings-payserv-09152017-09292017-lapse-dates