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DiNapoli: NYC’s Tech Boom Partially Offset City's Pandemic Job Losses
… York City increased by 33.6% (43,430 jobs) from 2016 to 2021 to reach a record high of 172,570 jobs. The city’s … state’s tech sector employment totaled 321,280 jobs in 2021. Growth in the state that year was fueled by New York … in New York City see substantial growth between 2016 and 2021, but the number of businesses also grew. Tech sector …
https://www.osc.ny.gov/press/releases/2022/10/dinapoli-nycs-tech-boom-partially-offset-citys-pandemic-job-lossesDiNapoli Urges NYC to Continue to Prepare for Shifting Fiscal Landscape
… Total revenue for New York City’s budget is expected to drop by 9.4% to … risks means the city should continue to identify areas for savings, track how its services are delivered amid … additional extraordinary federal aid, a record year for pension returns in FY 2021 and savings from …
https://www.osc.ny.gov/press/releases/2022/08/dinapoli-urges-nyc-continue-prepare-shifting-fiscal-landscapeOpinion 97-3
… by L 1994, ch 532, §11). Chapter 602 also contains a series of transitional provisions relating to the enforcement …
https://www.osc.ny.gov/legal-opinions/opinion-97-3Opinion 96-9
… Law, §207-m when collective bargaining agreement provides for signing incentive for highest ranking subordinate) PUBLIC OFFICERS AND … (signing incentive as constituting base salary for purposes of General Municipal Law, §207-m) WORDS AND …
https://www.osc.ny.gov/legal-opinions/opinion-96-9Opinion 2001-7
… respect to the connection of users to the water or sewer system, and may not defray costs of capital improvements to the water or sewer system ( Video Aid v Town of Wallkill , 203 AD2d 554, 610 …
https://www.osc.ny.gov/legal-opinions/opinion-2001-7Opinion 2000-20
… or statutory amendments that bear on the issues discussed in the opinion. FIRE DISTRICTS -- Appropriations and Expenditures (membership in volunteer firefighters museum) -- Powers and Duties … that the fire district will receive sufficient benefits in furtherance of its statutory purposes to constitute fair …
https://www.osc.ny.gov/legal-opinions/opinion-2000-20Local Government – 2023 Financial Condition Report
… property tax revenues are the largest source of revenue for local governments. In local fiscal years ending (LFY) in 2021, property taxes accounted for $38.1 billion, or 42.1 percent, of total revenue ($90.5 billion) for local governments outside of New York City. School …
https://www.osc.ny.gov/reports/finance/2023-fcr/local-governmentState Comptroller DiNapoli Releases Municipal Audits
… the Length of Service Awards Program points in accordance with their policy. As a result, in 2015 three firefighters … for manually accounting for employees' leave accruals with no oversight. As a result, the bookkeeper could not know … promote transparency in government and provide taxpayers with better access to financial data. … New York State …
https://www.osc.ny.gov/press/releases/2017/03/state-comptroller-dinapoli-releases-municipal-audits-0Wall Street Bonuses and Profits Decline in 2015
… The securities industry reported that pre-tax profits for the broker/dealer operations of New York Stock Exchange … from trading and underwriting. Profits declined for the third consecutive year, reaching the lowest reported … City grew by 2.7 percent in 2015, averaging 172,400 jobs for the year. The industry added 4,500 jobs, compared with …
https://www.osc.ny.gov/press/releases/2016/03/wall-street-bonuses-and-profits-decline-2015Implications for the Future – 2021 Financial Condition Report
… for New York’s State and local governments, although it is unclear whether this increased support would alter the …
https://www.osc.ny.gov/reports/finance/2021-fcr/implications-futureII.4.C Cash and Basic Financial Statements – II. New York State Financial Accounting
… The basic financial statements report aggregate data for the State, distinguishing between the governmental … and component units. In addition, information is provided for each major fund of the governmental and proprietary fund … (other than MD&A) includes budgetary comparison schedules for governmental funds, information about infrastructure …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ii/ii4c-cash-and-basic-financial-statementsFare Evasion
… issuance of a summons. The Transit Adjudication Bureau is an administrative tribunal established by State legislation … Service (SBS) passengers pay their fare before boarding at ticket purchase machines located at SBS bus stops, except for … designed several subway emergency exit doors to remain open for an extended period of time, providing an easy way …
https://www.osc.ny.gov/state-agencies/audits/2021/04/15/fare-evasionState Agencies Bulletin No. 1602.2
… 2017 which implemented the 2016-2021 Agreement between the State of New York and the Civil Service Employees Association … subject to all employment and income taxes. Federal, State, and New York City income tax withholding will be …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/16022-new-overtime-earnings-codes-overtime-eligible-employees-civil-serviceDiNapoli Releases Analysis of 2022-23 Enacted State Budget
… better-than-expected revenues allowed for a steep increase in spending in the $220.5 billion enacted state budget for State Fiscal … programs. DiNapoli expressed concerns about the growth in capital spending and debt. He also cautioned that many …
https://www.osc.ny.gov/press/releases/2022/05/dinapoli-releases-analysis-2022-23-enacted-state-budgetEnrolling Members – Membership and Enrollment
… should be initialed. Beneficiary Designations for New Employees: Once the employee is enrolled and they have a …
https://www.osc.ny.gov/retirement/employers/membership-enrollment/enrolling-membersCUNY Bulletin No. CU-704
… a comprehensive Paid Family Leave policy. The law provides for a deduction from employee wages to fund the program. Paid … premium rate and the maximum weekly employee contribution for coverage will be 0.511% (0.00511) of an employee’s weekly … weekly wage amount, the maximum employee premium deduction for Paid Family Leave will be $385.34 per year. The …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/city-university-new-york/cu-704-city-university-new-york-cuny-paid-family-leaveNew York’s Economy and Finances in the COVID-19 Era
… updated on the State’s economy and finances. Subscribe to get the latest update. Subscribe Read Prior Editions … New York City and the balance of the State spiked upward in April 2020. At that point, and in the months immediately before, the percentages of …
https://www.osc.ny.gov/reports/covid-19-february-3-2021State Agencies Bulletin No. 415
… from the Payroll System upgrade, in the procedure for recovering overpayments from inactive employees. Affected … Amount and Goal Balance are equal. Overpayments may occur for many reasons. In the Payroll System the overpayment can … Payroll System (PaySR) an OVP could not be processed for an inactive employee. In the upgraded Payroll System …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/415-automatic-processing-overpayments-inactive-employeesOpinion 89-59
… This opinion represents the views of the Office of the State Comptroller at the time it was rendered. The opinion …
https://www.osc.ny.gov/legal-opinions/opinion-89-59State Agencies Bulletin No. 433
… Purpose To inform Executive agencies of new procedures for processing Step 3 Out-of-Title Grievances and the new … earnings code S3G . Affected Employees Employees eligible for the awards Effective Date(s) Immediately Background … designated Management/Confidential may be compensated for Out-of-Title services performed in a higher …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/433-new-earnings-code-and-procedures-step-3-out-title-grievances