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DiNapoli: ESD Falls Short in Evaluation of Nearly $2 Billion of Economic Development Programs
… Empire State Development (ESD), the public authority responsible for administering many of New York state’s economic development programs, has failed … fully evaluate most of its programs to determine if they are boosting the state’s economy and promoting promised job …
https://www.osc.ny.gov/press/releases/2021/10/dinapoli-esd-falls-short-evaluation-nearly-2-billion-economic-development-programsDiNapoli Op-Ed in Newsday Urges Leaders to Seize This Chance to Improve NY’s Finances
… State continues to mount a steady recovery from the depths of the pandemic’s devastation, regaining 50% of the jobs lost and surpassing financial plan expectations … and to provide temporary assistance to New Yorkers who need it; these funds should be disbursed swiftly. Federal aid …
https://www.osc.ny.gov/press/releases/2021/08/dinapoli-op-ed-newsday-urges-leaders-seize-chance-improve-nys-financesDiNapoli: Former Oneida City Chamberlain Arrested for Stealing More Than $78,000 in City Funds
… of her office and an affront to Oneida taxpayers. I thank my investigators, District Attorney Gabor, and the New York …
https://www.osc.ny.gov/press/releases/2022/10/dinapoli-former-oneida-city-chamberlain-arrested-stealing-more-78000-city-fundsDiNapoli: Local Sales Tax Collections in August Increase by Nearly 13% Over Last Year
… collections totaled almost $751 million, an increase of 20.6% – or $128 million – over August of 2021. Most counties saw at least some year-over-year … cities are based on estimates by the Department of Taxation and Finance. In the third month of each calendar …
https://www.osc.ny.gov/press/releases/2022/09/dinapoli-local-sales-tax-collections-august-increase-nearly-13-percent-over-last-yearDiNapoli: Some Bright Spots for NYC Finances in FY21, but Long-Term Challenges Looming
… New York City is projecting a $3.4 billion surplus for city fiscal year (FY) 2021 because of … unemployment rate of 6.3 percent. At the same time, demand for social safety net services has shot up, with significant … $1.4 billion in agency needs in FY 2021, most of which is for costs associated with COVID-19 and for unplanned special …
https://www.osc.ny.gov/press/releases/2021/02/dinapoli-some-bright-spots-nyc-finances-fy21-long-term-challenges-loomingThe Construction Industry in New York City: Recent Trends and Impact of COVID-19
… the highest job losses. The loss of 44,400 construction jobs was the State’s worst annual decline in more than 25 … by 14.4 percent (23,300 jobs) in 2020, worse than for the private sector overall. Most construction firms in New York … to continue, such as those involving the Metropolitan Transportation Authority (MTA), other infrastructure, schools …
https://www.osc.ny.gov/reports/osdc/construction-industry-new-york-city-recent-trends-and-impact-covid-19Mitchell Lama Applicants Charged $200 for Virtually No Chance of Apartment in Their Lifetime
… Despite waiting lists for Mitchell Lama apartments being very long and turnover very slow, some … six lotteries for applicants to get on waiting lists for apartments in 2013, 2016 and 2017, collecting over $200,000 … in fees from 1,002 applicants. They awarded just 23 apartments. Another 29 people on the waiting lists asked to …
https://www.osc.ny.gov/press/releases/2019/12/mitchell-lama-applicants-charged-200-virtually-no-chance-apartment-their-lifetimeExamples from GASB Statement 34 - Statement of Revenues, Expenses and changes in Net Assets
… Expenses, and Changes in Fund Net Assets Proprietary Funds For the Year Ended December 31, 2002 Business-Type … Internal Service Funds Operating revnues: Charges for services $11,329,883 $1,340,261 $12,670,144 $15,256,164 …
https://www.osc.ny.gov/local-government/publications/examples-gasb-statement-34-statement-revenues-expenses-and-changes-net-assetsNewburgh Fire Chief Charged in White Plains Federal Court with Fraudulently Obtaining Retirement Benefits
… Bureau of Investigation (FBI) announced the indictment of MICHAEL J. VATTER, the Chief of the Newburgh Fire Department, … State Comptroller DiNapoli announced the indictment of MICHAEL J VATTER charging him with fraudulently obtaining …
https://www.osc.ny.gov/press/releases/2016/01/newburgh-fire-chief-charged-white-plains-federal-court-fraudulently-obtaining-retirement-benefitsDiNapoli: NYC's Open Streets Program Supported Retail and Restaurant Job Recovery in Manhattan, Brooklyn
… operation, though the gains were concentrated in areas of Manhattan and Brooklyn, according to a report released today … across the city, with 2021 marking the most popular year. Manhattan had the greatest share of locations, with 34.9% in … operated every year and were concentrated in parts of Manhattan and Brooklyn. The largest share (37.5%) operated …
https://www.osc.ny.gov/press/releases/2026/01/dinapoli-nycs-open-streets-program-supported-retail-and-restaurant-job-recovery-manhattan-brooklynMedicaid Program – Administrative Costs Used in Premium Rate Setting of Mainstream Managed Care Organizations
… accurate administrative costs to the Department of Health (Department) and whether the Department is … who are economically disadvantaged and/or have special health care needs. The New York State Medicaid program is … between WellCare and a related party, Comprehensive Health Management, Inc. (CHMI), in a timely manner, nor did …
https://www.osc.ny.gov/state-agencies/audits/2017/09/13/medicaid-program-administrative-costs-used-premium-rate-setting-mainstream-managed-careDiNapoli: Ralph Lauren Should Ensure Human and Worker Rights are Upheld in its Operations
… New York State Comptroller Thomas P. DiNapoli released the … About the Common Retirement Fund The $176.8 billion New York State Common Retirement Fund is the third largest … States. The Fund holds and invests the assets of the New York State and Local Retirement System on behalf of more …
https://www.osc.ny.gov/press/releases/2014/08/dinapoli-ralph-lauren-should-ensure-human-and-worker-rights-are-upheld-its-operationsDiNapoli Announces $1.2 Billion in New Commitments to State Pension Fund's Emerging Manager Program
… investments, an additional $300 million allocation to Bank of America Merrill Lynch Capital Access Funds for …
https://www.osc.ny.gov/press/releases/2015/02/dinapoli-announces-12-billion-new-commitments-state-pension-funds-emerging-manager-programState Falls Short in Verifying if Companies Qualify for Tax Breaks Under Excelsior Program
… disagreed with the audit’s findings. Their full response is contained in the audit. DiNapoli’s auditors noted that ESD … no tangible results. His office has also released a series of audits on the state’s minority- and women-owned …
https://www.osc.ny.gov/press/releases/2016/07/state-falls-short-verifying-if-companies-qualify-tax-breaks-under-excelsior-programChild Care in NY Challenged by Staff Shortages, High Prices and Too Few Slots
… post-pandemic including child care deserts, low wages and high prices that are putting a financial strain on … well below the state’s median, making it hard to attract and retain the workforce needed to provide services. An … care system is integral to the state’s economic future and must remain a priority for policymakers.” DiNapoli’s …
https://www.osc.ny.gov/press/releases/2025/02/child-care-ny-challenged-staff-shortages-high-prices-and-too-few-slotsDiNapoli: Taxpayers Moving Out of State Spiked in 2020, Led by Those Leaving NYC
… A report released today found more than one of every 100 resident personal … A report released today found more than one of every 100 resident personal …
https://www.osc.ny.gov/press/releases/2023/12/dinapoli-taxpayers-moving-out-state-spiked-2020-led-those-leaving-nycDiNapoli: Temporary Federal Spending Drives Up NY’s National Ranking in States’ Balance of Payments
… The surge in federal spending in response to the COVID-19 pandemic significantly improved New York’s … in the federal balance of payments from 49 th in 2019 to 30 th in Federal Fiscal Year (FFY) 2021, according to a report released by State Comptroller Thomas P. DiNapoli. …
https://www.osc.ny.gov/press/releases/2023/04/dinapoli-temporary-federal-spending-drives-nys-national-ranking-states-balance-paymentsDiNapoli: State Agency Overtime Costs Grew by 47.2% in 2022, Marking an All-Time High
… at state agencies rose 47.2% to more than $1.36 billion in 2022, setting a new record, according to a report released … earnings comprised 7.5% of total payroll spending in 2022, a significant increase from the 4.6% average from … respectively. Overtime earnings grew more than 51% and 112%, respectively. Fewer than 1 in 5 state agency employees …
https://www.osc.ny.gov/press/releases/2023/05/dinapoli-state-agency-overtime-costs-grew-47-point-2-2022-marking-all-time-highDiNapoli: State Pension Fund Adds Another $20 Million to Investing in New York Program
… to the Tribeca Venture Partners Growth Fund to invest in local companies, New York State Comptroller Thomas P. … The transaction raises the total commitments of DiNapoli's In-State Private Equity Program (the In-State Program) to $1.6 billion. "We're investing in …
https://www.osc.ny.gov/press/releases/2018/04/dinapoli-state-pension-fund-adds-another-20-million-investing-new-york-programDiNapoli: Jobs in NYC Construction Industry Took Huge Hit During Pandemic, Over 14% Decline
… The loss of 44,400 construction jobs due to the COVID-19 pandemic in 2020 was the state’s … June, but even with pent-up demand for certain projects, jobs are still lagging behind the employment rebound in other … as why we must lead this recovery. We need the American Jobs Plan to get New Yorkers back to work, to build the next …
https://www.osc.ny.gov/press/releases/2021/06/dinapoli-jobs-nyc-construction-industry-took-huge-hit-during-pandemic-over-14-decline