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DiNapoli: NYC's 2024 Budget Balanced, but Risks Loom
… of 3.2% in the years after. Spending grew at an average rate of 5% per year over the decade before the pandemic. … is simply not sustainable for the city’s finances without changes in federal policy and a substantial match in federal … risks of $4.8 billion in FY 2025, $6.6 billion in 2026, and $8.3 billion in FY 2027, and projects potential …
https://www.osc.ny.gov/press/releases/2023/08/dinapoli-nycs-2024-budget-balanced-risks-loomDiNapoli Examines Fiscal Hurdles Facing Key NYC-Supported Agencies
… for numerous entities that are legally separate but can impact its budget. Today, State Comptroller Thomas P. … in another program to eliminate the gap for FYs 2024 through 2027, reducing other financial support provided by …
https://www.osc.ny.gov/press/releases/2023/11/dinapoli-examines-fiscal-hurdles-facing-key-nyc-supported-agenciesTown of Conesus – Justice Court (2013M-140)
… The Town of Conesus is located in Livingston County and is governed by an elected Town Board, which comprises … $16,800 in fines and surcharges during the 2012 fiscal year. Key Findings Our audit identified deficiencies in … duties or establish adequate procedures for reviewing her work. The Justices also failed to reconcile their bail …
https://www.osc.ny.gov/local-government/audits/town/2013/11/15/town-conesus-justice-court-2013m-140DiNapoli: Contamination of New York's Waterways From Combined Sewer Overflows Remains a Challenge
… sewage and stormwater impacted more than 200 waterways in New York due to antiquated and overwhelmed sewer systems, … "When billions of gallons of untreated waste spills into New York's waterways, our health, environment, economy and …
https://www.osc.ny.gov/press/releases/2018/05/dinapoli-contamination-new-yorks-waterways-combined-sewer-overflows-remains-challengeOversight of Registration, Licensing, and Inspection of Radioactive Materials Facilities and Radiation Equipment Facilities (Follow-Up)
… audit report, Oversight of Registration, Licensing, and Inspection of Radioactive Materials Facilities and … Failure to promptly register, license, inspect, or follow up on facilities that use radioactive materials or radiation … 44% of those inspections beyond the established 1- to 5-year inspection time frames by relying on a buffer. The …
https://www.osc.ny.gov/state-agencies/audits/2024/04/10/oversight-registration-licensing-and-inspection-radioactive-materials-facilities-andService Retirement Benefit – En-Con Police Officers Plan
… Eligibility You may retire at any age after completing 25 years of En-Con police service, or you may qualify for a service retirement if you reach age 60 before having served 25 years as an En-Con …
https://www.osc.ny.gov/retirement/publications/1822/service-retirement-benefitDiNapoli: Special Education Contractor Convicted for $2 Million Fraud
… by New York State Comptroller Thomas P. DiNapoli and U.S. Attorney for the Southern District Preet Bharara, was …
https://www.osc.ny.gov/press/releases/2014/09/dinapoli-special-education-contractor-convicted-2-million-fraudRandolph Central School District – Financial Management (2014M-20)
… and Poland in Chautauqua County. The District is governed by an elected seven-member Board of Education and operates … appropriations for fiscal years 2008-09 through 2012-13 by more than $6.7 million, which resulted in combined …
https://www.osc.ny.gov/local-government/audits/school-district/2014/06/13/randolph-central-school-district-financial-management-2014m-20State Agencies Bulletin No. 1622
… of the maximum contribution limits for employees enrolled in the New York State Deferred Compensation Plan for calendar … amount for Deferred Compensation will increase from $18,000 to $18,500. An additional deferment is available … last three years prior to normal retirement age, increases from $18,000 to $18,500, for a combined maximum total …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1622-deferred-compensation-maximum-contribution-limits-calendar-year-2018City of Yonkers - Budget Review (B19-6-5)
… 2018-19 year; however, this appropriation must be approved by the Board of Education and City Council before it can be … The City will incur additional debt and interest costs by bonding the cost of tax certiorari claims instead of … general fund for services not related to the water fund by as much as $3.7 million. Key Recommendations Evaluate the …
https://www.osc.ny.gov/local-government/audits/city/2019/05/17/city-yonkers-budget-review-b19-6-5Town of Berne – Audit Follow Up (2021M-77-F)
… was to assess the Town’s progress, as of October 2022, in implementing our recommendations in the audit report released in September 2021. Background The Town, located in Albany …
https://www.osc.ny.gov/local-government/audits/town/2023/01/06/town-berne-audit-follow-2021m-77-fDiNapoli: Strong Tax Collections and New Savings Initiatives Boost NYC's Short-Term Finances
… in FY 2023) and decline to pre-pandemic levels by FY 2025. Continued strength in tax collections has led the city … the Financial Plan of the City of New York Related Reports NYC Taxable Sales and Purchases: Resilient Amid Economic …
https://www.osc.ny.gov/press/releases/2023/06/dinapoli-strong-tax-collections-and-new-savings-initiatives-boost-nycs-short-term-financesXII.7.B Voucher Denials – XII. Expenditures
… ID, rejection reason code and rejection code description. ONLINE BUSINESS UNITS Bureau auditors will contact Online agencies via email to inform them of the rejection … the voucher. In addition, agencies can review denied online vouchers on the M161 extract. However, the M161 …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xii/xii7b-voucher-denialsNYS Common Retirement Fund Contacts
… and an Undergraduate degree in Physics from University of Florida. Common Retirement Fund Managers Jennifer Cardiff, … information for investment professionals looking to do business with the New York State Common Retirement Fund …
https://www.osc.ny.gov/common-retirement-fund/resources/nys-common-retirement-fund-contactsMTA's East Side Access Project 10 Years Late and $4.4 Billion Over Budget
… and Long Island, taxpayers will have to bear the brunt of these unanticipated costs. There must be lessons learned … public transportation project and the first expansion of the LIRR in more than 100 years. Initially expected to … connect the LIRR main line in Queens to the lower level of the existing 63rd Street Tunnel and then to a new LIRR …
https://www.osc.ny.gov/press/releases/2013/03/mtas-east-side-access-project-10-years-late-and-44-billion-over-budgetNew York State Health Insurance Program – Upcoding of Selected Evaluation and Management Services (Follow-Up)
… the recommendation contained in our audit report, entitled New York State Health Insurance Program: Upcoding of Selected Evaluation and Management Services (Report 2006-S-11) and a follow-up to this audit (Report 2007-F-41). …
https://www.osc.ny.gov/state-agencies/audits/2013/09/05/new-york-state-health-insurance-program-upcoding-selected-evaluation-and-managementDiNapoli Releases February State Cash Report
… $67.3 billion through Feb. 28, a decline of $481 million or 0.7 percent from the same period last year, according to … nearly $136.6 billion, a decline of $260.8 million, or 0.2 percent, from a year earlier. Total receipts ended the … through the end of February, approximately $3.6 billion, or 2.8 percent higher, than last year for the same period. …
https://www.osc.ny.gov/press/releases/2017/03/dinapoli-releases-february-state-cash-reportDiNapoli: NYC Remains on Solid Ground but Budget Risks Need to be Managed
… surplus of $2.6 billion in the current fiscal year, ending on June 30, which will be used to balance the 2019 budget, … Thomas P. DiNapoli. "New York City’s finances look to be on solid ground, with a strong economy, a balanced budget and … percent in 2017, the lowest level in 41 years. The city is on pace for continued job gains in 2018, although growth is …
https://www.osc.ny.gov/press/releases/2018/03/dinapoli-nyc-remains-solid-ground-budget-risks-need-be-managedState Contract and Payment Actions in March
… In March, the Office of the State Comptroller approved 1,693 … for Caledonia Fish Hatchery improvements in Livingston County. Office of General Services $7.2 million with New … for storm water management at Jones Beach State Park in Nassau County. New York State Thruway Authority $12 million …
https://www.osc.ny.gov/press/releases/2019/05/state-contract-and-payment-actions-marchState Contract and Payment Actions in December
… Technologies Corp. to replace the bridge on Route 33A over Black Creek in Monroe County. $1.6 million with Arold … Construction Co. LLC for reconstruction of the I-81 and NY 17 Interchange in Broome County. New York State Thruway … $13.4 million to Tappan Zee Constructors LLC for the New NY Bridge Project. $1.3 million to HNTB New York Engineering …
https://www.osc.ny.gov/press/releases/2020/02/state-contract-and-payment-actions-december