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DiNapoli: Potential Changes in Federal Policies Pose Risks for New York City's Budget
… New York City projects a surplus of nearly $4.2 billion in FY 2017, the largest since FY 2008, but faces uncertainty with potential policy changes in Washington, as well as slowing growth in tax collections and job creation, according to a report … New York City projects a surplus of nearly $42 billion in FY 2017 the largest since FY 2008 but faces uncertainty …
https://www.osc.ny.gov/press/releases/2017/08/dinapoli-potential-changes-federal-policies-pose-risks-new-york-citys-budgetOpinion 89-8
… FUNDS -- Repair Reserve Fund (necessity for consent by the Office of the State Comptroller to establishment by school district in Adirondack Park) SCHOOL DISTRICTS -- Repair Reserve Fund (necessity for consent by the Office of the State Comptroller to establishment by a …
https://www.osc.ny.gov/legal-opinions/opinion-89-8Opinion 91-9
… (increase in items by city council in city of the second class) -- Contingency Funds (in cities of the second class) PUBLIC OFFICERS AND EMPLOYEES -- Powers and Duties (city council in city of the second class - budget items) CITIES -- City Council … Whether section 75 of the Second Class Cities Law SCCL would permit a city council to …
https://www.osc.ny.gov/legal-opinions/opinion-91-9DiNapoli: Audit Shows Former Highway Superintendent Took Taxpayers for a Ride in Town of Erin
… according to an audit detailing the fraud released today by New York State Comptroller Thomas P. DiNapoli. In October … to combat public corruption at all levels of government, by DiNapoli and Attorney General Eric Schneiderman. Burlew’s … to cover his tracks. Burlew betrayed taxpayers' trust by apparently using his office for his personal benefit. I …
https://www.osc.ny.gov/press/releases/2014/08/dinapoli-audit-shows-former-highway-superintendent-took-taxpayers-ride-town-erinDiNapoli Releases April State Cash Report
… State tax collections totaled $7.1 billion in the first month of the new fiscal year, a decline of $1.1 … the same period last year, largely driven by a decline in personal income tax (PIT) collections, according to the … year were nearly $1 billion below projections released in February," DiNapoli said. "It’s not clear whether this is …
https://www.osc.ny.gov/press/releases/2017/05/dinapoli-releases-april-state-cash-reportDiNapoli: NYC Budget Benefits From Stronger Economy
… to 3.3 percent of city fund revenues, and the general reserve totals $750 million in those years. New York City’s … and strong real estate markets. The city has added 425,000 jobs since the end of 2009 and employment now totals a record … report notes a few areas of concern. The Federal Reserve has begun to unwind the monetary policies that have …
https://www.osc.ny.gov/press/releases/2015/03/dinapoli-nyc-budget-benefits-stronger-economyDiNapoli: State Tax Collections Outperform Budget Division Projections for 2023-24
… a decline in Personal Income Tax (PIT) receipts resulting from lower middle-class tax rates and lower payments related … Financial Plan projections by $1.6 billion, as receipts from estimated payments and withholding in the final quarter … Tax receipts as well as the absence of audit collections from the repealed bank tax. Total business tax collections …
https://www.osc.ny.gov/press/releases/2024/04/dinapoli-state-tax-collections-outperform-budget-division-projections-2023-24DiNapoli Releases October State Cash Report
… is strong,” DiNapoli said. “Still, it’s important to keep in mind that economic conditions and the revenue outlook may … lower than last year. Other taxes, led by collections in estate and real estate transfer taxes, totaled $2.4 … from the federal government. The report is now accessible in Excel and Adobe formats. Since becoming Comptroller, …
https://www.osc.ny.gov/press/releases/2015/11/dinapoli-releases-october-state-cash-reportNYS Common Retirement Fund Reports Third Quarter Results
… Thomas P. DiNapoli. “Continued growth in the stock market has added to the state pension fund’s dramatic … year,” DiNapoli said. “More importantly, given the ongoing market volatility, our pension fund is strong and …
https://www.osc.ny.gov/press/releases/2021/02/nys-common-retirement-fund-reports-third-quarter-resultsXVII.2.D Federal M-Year Reminder – XVII. Lapsing Appropriations
… In 1990, the US Congress enacted legislation (§1405(a) of … In 1990 the US Congress enacted legislation 1405a of Public …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xvii/xvii2d-federal-m-year-reminderDiNapoli: Wall St. First Half Profits Jumped
… Pretax profits in the securities industry reached $15.1 billion in the first six months of 2019, an 11 percent increase over the same period last year, and the best start in a decade, but a slowdown in the global economy and other … Pretax profits in the securities industry reached $151 billion in the first …
https://www.osc.ny.gov/press/releases/2019/10/dinapoli-wall-st-first-half-profits-jumpedState Agencies Bulletin No. 2092
… overtime (OT) earnings limit for Tier 6 members of the New York City Employee Retirement System (NYCERS), New York City Teachers Retirement System (NYCTRS) and the New York City Board of Education Retirement System (NYCBERS) … pensionable overtimachers Retirement System NYCTRS and the New York Ce OT earnings limit for Tier 6 members of the New …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2092-2023-tier-6-overtime-limit-new-york-city-retirement-systemsSubway Recovery Tracker
… The COVID-19 pandemic had a profound and disparate impact on subway ridership in New York City. Initially, the emergence of the virus in March and April 2020 corresponded with a steep and uniform drop in subway usage across all five boroughs. … The emergence of the virus in New York City in March and April 2020 corresponded with a steep drop in subway usage …
https://www.osc.ny.gov/osdc/subway-recovery-trackerSelected Management and Operations Practices
… vehicle initiatives and programs placed the Charge NY and Charge NY 2.0 charging stations in locations where the intent of … be achieved. We also determined whether NYPA’s EVolve NY program met its initial project goals by the end of 2019. … vehicle initiatives and programs placed the Charge NY and Charge NY 20 charging stations in locations where the …
https://www.osc.ny.gov/state-agencies/audits/2022/02/04/selected-management-and-operations-practicesMotor Vehicle Theft and Insurance Fraud Prevention Program
… has a substantial impact on motor vehicle insurance rates in New York State. The MVTIF Prevention Demonstration Program (Program), as established in State Executive Law under Article 36-A (Law), is intended … Prevention Fee (Fee), currently $10, which is reflected in motor vehicle insurance policy premiums for vehicles …
https://www.osc.ny.gov/state-agencies/audits/2024/04/11/motor-vehicle-theft-and-insurance-fraud-prevention-programState Agencies Bulletin No. 2301
… agencies that the pensionable overtime (OT) earnings limit for Tier 6 members of the New York City Employee Retirement … York City Board of Education Retirement System (NYCBERS) for the 2025 plan year is $20,958.00. Affected Employees: … NYCTRS, and NYCBERS are affected. Background: OT limit for Tier 6 began in State fiscal year 2012-13 at $15,000. The …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2301-2025-tier-6-overtime-limit-new-york-city-retirement-systemsState Agencies Bulletin No. 2052.2
… Bulletin 2052.1 . Purpose: The purpose of this bulletin is to provide information and processing instructions regarding … evaluate whether the employee meets each criterion in the order provided. Qualified Title, Location and Service The … salary, excluding all other earnings (such as location pay, inconvenience pay, geographic pay, overtime, and holiday …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/20522-health-care-and-mental-hygiene-worker-bonuses-state-employeesState Agencies Bulletin No. 2253
… Schedule. Since the 04/01/2023 and 04/01/2024 Salary Schedules are loaded in PayServ as part of processing for the …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2253-april-2023-and-april-2024-retroactive-3-salary-increases-arbitrationState Agencies Bulletin No. 2052
… Bulletin 2052.1 . Purpose: The purpose of this bulletin is to provide information and processing instructions regarding … evaluate whether the employee meets each criterion in the order provided. Qualified Title, Location and Service The … salary, excluding all other earnings (such as location pay, inconvenience pay, geographic pay, overtime, and holiday …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2052-health-care-and-mental-hygiene-worker-bonuses-state-employeesState Agencies Bulletin No. 2052.1
… Bulletin 2052 . Purpose: The purpose of this bulletin is to provide information and processing instructions regarding … evaluate whether the employee meets each criterion in the order provided. Qualified Title, Location and Service The … salary, excluding all other earnings (such as location pay, inconvenience pay, geographic pay, overtime, and holiday …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/20521-health-care-and-mental-hygiene-worker-bonuses-state-employees