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DiNapoli: NYC Budget Benefits From Stronger Economy

Higher tax revenue forecasts and billions in savings on debt service and pension contributions have helped New York City close its 2016 fiscal year budget gap and narrow the outyear budget gaps according to an analysis of the citys financial plan released by State Comptroller DiNapoli

https://www.osc.ny.gov/press/releases/2015/03/dinapoli-nyc-budget-benefits-stronger-economy

Comptroller DiNapoli And A.G. Schneiderman Announce Sentencing of New Jersey Woman in Theft of More Than $162,000 in New York State Pension Benefits

… New York State Comptroller Thomas DiNapoli and Attorney General Eric T. Schneiderman today announced the … said State Comptroller Thomas P. DiNapoli. "I thank Attorney General Schneiderman for partnering with us to …

https://www.osc.ny.gov/press/releases/2016/06/comptroller-dinapoli-and-ag-schneiderman-announce-sentencing-new-jersey-woman-theft-more-162000-new

State Agencies Bulletin No. 2092

… The limit increases each year based on the Consumer Price Index on December 31 of the previous year. The 2023 OT …

https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2092-2023-tier-6-overtime-limit-new-york-city-retirement-systems

DiNapoli: Former Town of Gardiner Employee Arrested for Pocketing Over $14,000 in Underserved Health Insurance Buyouts

… the New York State Police announced that Kyle Fletcher, a heavy equipment operator employed by the Town of Gardiner, was arrested for defrauding the Town of over $14,000 in health care buyout payments he was not entitled to. “Mr. Fletcher allegedly …

https://www.osc.ny.gov/press/releases/2021/10/dinapoli-former-town-gardiner-employee-arrested-pocketing-over-14000-underserved-health-insurance

Overtime at State Agencies Reached All-Time High in 2020

… The total cost of overtime in 2020 at state agencies reached an all-time … State Comptroller Thomas P. DiNapoli. Total overtime hours of 19 million increased 3.9 percent and total overtime … touched nearly every aspect of our lives and the men and women in public employment stepped up to help keep the public …

https://www.osc.ny.gov/press/releases/2021/05/overtime-state-agencies-reached-all-time-high-2020

Selected Management and Operations Practices

… vehicle initiatives and programs placed the Charge NY and Charge NY 2.0 charging stations in locations where the … as 2011. The Charge NY program, unveiled during the 2013 State of the State Address, sought to get more EVs on the … and at the airports” and investing $250 million through 2025 on infrastructure and to raise awareness of the benefits …

https://www.osc.ny.gov/state-agencies/audits/2022/02/04/selected-management-and-operations-practices

NYS Common Retirement Fund Reports Third Quarter Results

… The New York State Common Retirement Fund’s (Fund) estimated …

https://www.osc.ny.gov/press/releases/2021/02/nys-common-retirement-fund-reports-third-quarter-results

NYS Common Retirement Fund Reports Second Quarter Results

… The New York State Common Retirement Fund’s (Fund) estimated return in the second …

https://www.osc.ny.gov/press/releases/2020/11/nys-common-retirement-fund-reports-second-quarter-results

DiNapoli: Wall St. First Half Profits Jumped

… to State Comptroller Thomas P. DiNapoli’s annual report on Wall St.’s performance. “Wall Street had a very profitable start in 2019, but … of New York City’s economy in 2018, according to the NYC Office of Management and Budget. Although other sectors …

https://www.osc.ny.gov/press/releases/2019/10/dinapoli-wall-st-first-half-profits-jumped

Opinion 91-9

… This opinion represents the views of the Office of the State Comptroller at the time it was … Law) SECOND CLASS CITIES LAW, §§4, 75; MUNICIPAL HOME RULE LAW, §23(2)(f): A city of the second class has implied … expenditures for the next ensuing fiscal year ...". The Appellate Division held that both items were legal and …

https://www.osc.ny.gov/legal-opinions/opinion-91-9

Opinion 90-40

… discussed in the opinion. VILLAGE MAYOR -- Deputy (right to vote as trustee and deputy mayor) PUBLIC MEETINGS AND HEARINGS -- … (right of village deputy mayor to vote as deputy and as trustee) VILLAGE LAW, §4-400(1)(a): A village trustee who is …

https://www.osc.ny.gov/legal-opinions/opinion-90-40

DiNapoli: Potential Changes in Federal Policies Pose Risks for New York City's Budget

… levels. The city should continue to identify opportunities for agency savings, which will provide added budgetary … and are manageable under current conditions. The budgets for these years include annual reserves of $1.25 billion that … estimated 1.8 percent, with non-property taxes declining for the first time since FY 2010. Job creation has also …

https://www.osc.ny.gov/press/releases/2017/08/dinapoli-potential-changes-federal-policies-pose-risks-new-york-citys-budget

Opinion 89-8

… This opinion represents the views of the Office of the State Comptroller at the time it was rendered. The opinion … subsequent court cases or statutory amendments that bear on the issues discussed in the opinion. MUNICIPAL FUNDS -- … possesses the power to contract indebtedness and levy taxes, or benefit assessments upon real estate or to require …

https://www.osc.ny.gov/legal-opinions/opinion-89-8

NYS Common Retirement Fund Announces Second Quarter Results

… The Fund has consistently been ranked as one of the best managed and best funded plans in the nation. The Fund's fiscal year ends …

https://www.osc.ny.gov/press/releases/2017/11/nys-common-retirement-fund-announces-second-quarter-results

DiNapoli Releases April State Cash Report

… tax collections totaled $7.1 billion in the first month of the new fiscal year, a decline of $1.1 billion or 13.1 … in personal income tax (PIT) collections, according to the state cash report issued today by State Comptroller … by the Executive shortly, should provide information about how recent collections are anticipated to affect the …

https://www.osc.ny.gov/press/releases/2017/05/dinapoli-releases-april-state-cash-report

DiNapoli: State Tax Collections Outperform Budget Division Projections for 2023-24

… Tax collections for State Fiscal Year (SFY) 2023-24 totaled $106.4 billion, … estimates through the end of SFY 2024-25. Tax collections for SFY 2023-24 were $5.2 billion lower than the previous … State policy makers should ensure that the enacted budget for State Fiscal Year 2024-25 accounts for such risk.” Tax …

https://www.osc.ny.gov/press/releases/2024/04/dinapoli-state-tax-collections-outperform-budget-division-projections-2023-24

DiNapoli: MTA Budget Gaps Return

… fiscal uncertainties and risks that create projected budget gaps that start at $211 million this year and increase to $652 million in 2028, according to a new report from State Comptroller Thomas P. DiNapoli. Those … for payroll and benefits, debt service, paratransit, and supplies and materials. Overtime is another growing cost, …

https://www.osc.ny.gov/press/releases/2024/10/dinapoli-mta-budget-gaps-return

State Agencies Bulletin No. 2301

… agencies that the pensionable overtime (OT) earnings limit for Tier 6 members of the New York City Employee Retirement … New York City Teachers Retirement System (NYCTRS) and the New York City Board of Education Retirement System (NYCBERS) for the 2025 plan year is $20,958.00. Affected Employees: …

https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2301-2025-tier-6-overtime-limit-new-york-city-retirement-systems