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NYS Common Retirement Fund Reports Third Quarter Results

… State Common Retirement Fund’s (Fund) estimated return in the third quarter of the State Fiscal Year (SFY) 2020-21 … State Comptroller Thomas P. DiNapoli. “Continued growth in the stock market has added to the state pension fund’s … 31, 2020, the Fund had 54.8 percent of its assets invested in publicly traded equities. The remaining Fund assets by …

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

… State Common Retirement Fund’s (Fund) estimated return in the second quarter of the State Fiscal Year (SFY) 2020-21 … strong and well-diversified, but gains are clearly fragile in this volatile financial climate. Wall Street continued to exceed expectations in the quarter, but Main Street is suffering. Our economy …

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

DiNapoli: Wall St. First Half Profits Jumped

… of New York City’s economy in 2018, according to the NYC Office of Management and Budget. Although other sectors … 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-jumped

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

NYS Common Retirement Fund Announces Second Quarter Results

… of the state fiscal year 2017-2018 was 3.67 percent for the three-month period ending Sept. 30, 2017, with an … that provide consistent returns and retirement security for our members, retirees and beneficiaries for decades to come." The Fund's estimated value reflects …

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

DiNapoli Releases April State Cash Report

… "The fiscal year is off to a rocky start. Tax collections for the first month of the fiscal year were nearly $1 billion … from payments made with annual tax returns and requests for filing extensions as well as an increase in refunds. The … higher than last year for the same period. Significant increases include spending for Medicaid (up $887.8 million, …

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

… on riders returning systemwide and the MTA’s best option for achieving that is increased safety, reliability, and … expected, the authority has had to lower its expectations for farebox revenue. While paid ridership in June 2024 was at … year. Increased toll revenue, however, has not made up for slow farebox growth, forcing the MTA to budget for $811 …

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

State Agencies Bulletin No. 2301

… are affected. Background: OT limit for Tier 6 began in State fiscal year 2012-13 at $15,000. The limit increases … January 9, 2025. OSC Actions: OSC will update the OT limit in PayServ to reflect the $20,958.00 pensionable overtime …

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

DiNapoli: Town of Alexander Clerk Arrested for Allegedly Stealing Nearly $3,000 of Taxpayer Funds

… of Shannon Tiede, the clerk of the Town of Alexander, for allegedly stealing nearly $3,000 from the town and … “I thank District Attorney Finnell and the State Police for their ongoing partnership in combatting public … Mui, the State Comptroller and the New York State Police for their hard work on this investigation.” New York State …

https://www.osc.ny.gov/press/releases/2024/07/dinapoli-town-alexander-clerk-arrested-allegedly-stealing-nearly-3000-taxpayer-funds

State Agencies Bulletin No. 2253

… Eligible (BU01) and Non-Arbitration Eligible (BU21) Retroactive 3% Salary Increases for Employees in the SSU Represented by …

https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2253-april-2023-and-april-2024-retroactive-3-salary-increases-arbitration

DiNapoli: NYC Contract Spending Rises $7 Billion Since FY 2019

… Thomas P. DiNapoli. “New York City’s spending on contracts for goods and services has risen faster than other spending … hurting service quality.” New York City uses contracts for a variety of reasons, including the purchase of fleet and … which comprised nearly 70% of the growth in this period. Increases at the Department of Sanitation were almost …

https://www.osc.ny.gov/press/releases/2024/07/dinapoli-nyc-contract-spending-rises-7-billion-fy-2019

Motor Vehicle Theft and Insurance Fraud Prevention Program

… in State Executive Law under Article 36-A (Law), is intended to provide an integrated means to prevent, deter, … Law, the MVTIF Prevention Fund (Fund) receives the first $4.7 million from these Fees. However, in each of the 4 … three staff, that were authorized by the same person who worked the overtime and seven requests that were not …

https://www.osc.ny.gov/state-agencies/audits/2024/04/11/motor-vehicle-theft-and-insurance-fraud-prevention-program

Village of Montgomery – Audit Follow-Up (2021M-50-F)

… of the Mayor and four trustees. The Board is responsible for the oversight and general management of Village financial … Treasurer is the chief fiscal officer and responsible for the Village’s day-to-day financial activities, which …

https://www.osc.ny.gov/local-government/audits/village/2025/04/04/village-montgomery-audit-follow-2021m-50-f

DiNapoli: State Tax Collections Outperform Projections for State Fiscal Year 2024-25

… higher than forecast by the Division of the Budget (DOB) in the SFY 2025-26 Executive Budget Financial Plan, according … $11.1 billion (10.4%) higher than the previous year, due, in part, to increased personal income tax (PIT) receipts … from calendar year 2024 which propelled bonuses paid in the final quarter of the fiscal year. “With the steady …

https://www.osc.ny.gov/press/releases/2025/04/dinapoli-state-tax-collections-outperform-projections-state-fiscal-year-2024-25

Moravia Central School District – Lead Testing and Reporting (S9-25-2)

… Services (BOCES) to test potable (i.e., consumable) water for lead, report the results and implement necessary remediation. Testing and reporting for lead contamination began in 2016, and subsequent testing … did not have a sampling plan to identify all water outlets for sampling or exemption. District officials also did not …

https://www.osc.ny.gov/local-government/audits/school-district/2025/06/20/moravia-central-school-district-lead-testing-and-reporting-s9-25-2

State Agencies Bulletin No. 2339

… Eligible (BU01) and Non-Arbitration Eligible (BU21) Salary Increase for Employees in the Security Services Unit (SSU) Represented … Eligible (BU01) and Non-Arbitration Eligible (BU21) Salary Increases. The report will be sorted by Department ID, then …

https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2339-april-2025-3-salary-increases-arbitration-eligible-bu01-and-non

Village of Leicester – Financial Management (2025M-7)

… a result, officials maintained unrestricted fund balance in the general and water funds totaling $729,709 and … plans that would have assisted the Board and officials in developing and adopting realistic budgets and planning for … and the State Comptroller’s authority as set forth in Article 3 of the New York State General Municipal Law. Our …

https://www.osc.ny.gov/local-government/audits/village/2025/05/09/village-leicester-financial-management-2025m-7