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New York’s Balance of Payments in the Federal Budget: Fiscal Year 2020 - Interactive Map
… Read Report | Download Data (Excel) …
https://www.osc.ny.gov/reports/new-yorks-balance-payments-federal-budget-fiscal-year-2020-interactive-mapDiNapoli Op-Ed in Newsday Urges Leaders to Seize This Chance to Improve NY’s Finances
… regaining 50% of the jobs lost and surpassing financial plan expectations for state revenues by $5.2 billion through … in debt issuance is now planned through fiscal year 2026. This debt will quickly exceed the statutory cap, adding … of average daily disbursements. Third, carefully consider strategic infrastructure priorities. While New York has …
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
… the arrest of former Oneida City Chamberlain Nancy Andrews for allegedly stealing more than $78,000 from the city over the course of 14 years. “For over a decade, Andrews allegedly betrayed her office and … District Attorney Gabor, and the New York State Police for their work in uncovering this theft.” “The District …
https://www.osc.ny.gov/press/releases/2022/10/dinapoli-former-oneida-city-chamberlain-arrested-stealing-more-78000-city-fundsThe Construction Industry in New York City: Recent Trends and Impact of COVID-19
… during the pandemic in New York City and New York State. A healthy construction industry will be needed to continue that …
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
… Examples from GASB Statement 34 included in this bulletin, copyright by the Governmental Accounting … Sample City Statement of Revenues, Expenses, and Changes in Fund Net Assets Proprietary Funds For the Year Ended … out (290,000) (211,409) (501,409) (175,003) Change in net assets 4,632,009 (1,412,124) 3,219,885 (758,808) Total …
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
State Comptroller DiNapoli announced the indictment of MICHAEL J VATTER charging him with fraudulently obtaining approximately $95000 in pension benefits by failing to report his return to work in the public sector to the New York State and Local Police and Fire Retirement System
https://www.osc.ny.gov/press/releases/2016/01/newburgh-fire-chief-charged-white-plains-federal-court-fraudulently-obtaining-retirement-benefitsMedicaid Program – Administrative Costs Used in Premium Rate Setting of Mainstream Managed Care Organizations
… MCOs received $17.8 billion in mainstream managed care premiums for nearly 5.2 million Medicaid enrollees. The … monthly managed care premium rates, which are based, in part, on allowable MCO administrative costs. For this … that a related-party subcontractor was responsible for paying. We assessed the impact of these non-allowable …
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
… all steps possible to hold their suppliers accountable for upholding human and workers rights in order to protect …
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
… allocation to Bank of America Merrill Lynch Capital Access Funds for private equity investments and a $400 million … platform. The Fund is one of a few public pension funds in the country to establish an emerging manager program … asset class including public equity, private equity, hedge funds, real estate and opportunistic strategies. Read more …
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
… that pledge to expand in New York state, could not verify that many of the companies participating in the … ESD did not provide auditors with documentation to verify that the 25 companies met all of the eligibility … being officially admitted into the program and could not verify the companies met the agreed-upon job growth and …
https://www.osc.ny.gov/press/releases/2016/07/state-falls-short-verifying-if-companies-qualify-tax-breaks-under-excelsior-programDiNapoli: State Pension Fund Adds Another $20 Million to Investing in New York Program
… for opportunities that meet the Fund's standards of risk and return. Since 2000, the program has achieved solid … 2011, DiNapoli has allocated an additional $155 million to target early-stage and seed investment opportunities. The …
https://www.osc.ny.gov/press/releases/2018/04/dinapoli-state-pension-fund-adds-another-20-million-investing-new-york-programDiNapoli: ESD Falls Short in Evaluation of Nearly $2 Billion of Economic Development Programs
… with the second recommendation. The agency’s full response is included in the audit. Audit Empire State Development: …
https://www.osc.ny.gov/press/releases/2021/10/dinapoli-esd-falls-short-evaluation-nearly-2-billion-economic-development-programsDiNapoli: Local Sales Tax Collections in August Increase by Nearly 13% Over Last Year
… reported sales by vendors. The next quarterly numbers (for July-September) will be available in October, and should … Monthly Local Sales Tax Collections by County and Region (for detailed monthly breakdown) Track state and local …
https://www.osc.ny.gov/press/releases/2022/09/dinapoli-local-sales-tax-collections-august-increase-nearly-13-percent-over-last-yearDiNapoli Report Analyzes Regional Trends in Education for School Districts Outside New York City
A new report by New York State Comptroller Thomas P DiNapoli shows the challenges faced by the states school districts
https://www.osc.ny.gov/press/releases/2020/03/dinapoli-report-analyzes-regional-trends-education-school-districts-outside-new-york-cityDiNapoli Op-Ed in Democrat & Chronicle Calls for Swift Action to Address Growing Food Insecurity
The COVID19 pandemic has halted vast areas of economic activity led to skyrocketing unemployment and pushed families to new levels of economic vulnerability
https://www.osc.ny.gov/press/releases/2020/07/dinapoli-op-ed-democrat-chronicle-calls-swift-action-address-growing-food-insecurityDiNapoli Op-Ed in Buffalo News Urges Washington to Help Governments Hurt by COVID-19
… and a full federal response is required once again. The House of Representatives is proposing $3 trillion in direct … Localities Find out how your government money is spent at Open Book New York . Track municipal spending, the state's …
https://www.osc.ny.gov/press/releases/2020/07/dinapoli-op-ed-buffalo-news-urges-washington-help-governments-hurt-covid-19DiNapoli: 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 better-than-projected revenues from income and corporate taxes, debt service savings from … unemployment rate of 6.3 percent. At the same time, demand for social safety net services has shot up, with significant …
https://www.osc.ny.gov/press/releases/2021/02/dinapoli-some-bright-spots-nyc-finances-fy21-long-term-challenges-loomingDiNapoli: Jobs in NYC Construction Industry Took Huge Hit During Pandemic, Over 14% Decline
… to a record high of $60.6 billion in 2019. Spending is expected to remain relatively flat in the next two years. … and Impact of COVID-19 Find out how your government money is spent at Open Book New York . Track municipal spending, …
https://www.osc.ny.gov/press/releases/2021/06/dinapoli-jobs-nyc-construction-industry-took-huge-hit-during-pandemic-over-14-declineDiNapoli Announces Review of State Health Department's Progress in Addressing Nursing Home Pandemic Failures
… in DOH’s ability to address the COVID-19 pandemic in nursing homes. “Families across New York suffered during the pandemic – especially those that lost loved ones in nursing homes,” said DiNapoli. “The audit released last year … its ability to respond to infectious disease outbreaks at nursing homes. It also found that, under the direction of the …
https://www.osc.ny.gov/press/releases/2023/03/dinapoli-announces-review-state-health-departments-progress-addressing-nursing-home-pandemic-failures