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NYS Common Retirement Fund Announces Third Quarter Results
… international public equities. The remaining Fund assets by allocation are invested in cash, bonds and mortgages (23.7 … DiNapoli initiated quarterly performance reporting by the Fund in 2009 as part of his on-going efforts to …
https://www.osc.ny.gov/press/releases/2018/02/nys-common-retirement-fund-announces-third-quarter-resultsNYS Common Retirement Fund Reports Second Quarter Results
… Fund had a strong first half year, assisted by a surging stock market," DiNapoli said. "However, we remain focused on … pension fund is prudently diversified to smooth out the stock market rollercoaster, and maximize sustainable …
https://www.osc.ny.gov/press/releases/2018/11/nys-common-retirement-fund-reports-second-quarter-resultsNYS Common Retirement Fund Reports Third Quarter Results
… the Fund saw its strong first half gains erased during the market’s steep drop at the tail end of 2018," DiNapoli said. "Fortunately, the market has since recouped some of those losses. More … the Fund remains well-diversified to handle the current market volatility and provide sustainable, long-term …
https://www.osc.ny.gov/press/releases/2019/02/nys-common-retirement-fund-reports-third-quarter-resultsNYS Common Retirement Fund Reports Second Quarter Results
… clearly fragile in this volatile financial climate. Wall Street continued to exceed expectations in the quarter, but … System on behalf of more than one million state and local government employees and retirees and their beneficiaries. … The Fund's fiscal year ends March 31. Find out how your government money is spent at Open Book New York . Track …
https://www.osc.ny.gov/press/releases/2020/11/nys-common-retirement-fund-reports-second-quarter-resultsDiNapoli Analysis Finds Worrisome, Uneven Economic Recovery Among NYC's Labor Force
… has left the city with an unemployment rate of 6.5%, 2.8 points higher than the February 2020 level of 3.7%, while … experienced a steeper drop, roughly 6 points for men and 2 points for women. Female workers with children in the city … (down 4.2 points to 87.5%). The unemployment rate for Black male workers in the city increased in the two years …
https://www.osc.ny.gov/press/releases/2022/05/dinapoli-analysis-finds-worrisome-uneven-economic-recovery-among-nycs-labor-forceOvertime at State Agencies Reached All-Time High in 2020
… The total cost of overtime in 2020 at state agencies reached an all-time high at more … earnings comprised 4.8 percent of total payroll spending in 2020, an increase from the 4.2 percent average from 2011 … nearly every aspect of our lives and the men and women in public employment stepped up to help keep the public safe …
https://www.osc.ny.gov/press/releases/2021/05/overtime-state-agencies-reached-all-time-high-2020DiNapoli: NYC Contract Spending Rises $7 Billion Since FY 2019
… (excluding capital projects) has grown significantly in recent years, rising to $24.3 billion in fiscal year (FY) 2023, an increase of nearly $7 billion … share (41%) of total citywide operating spending growth in this period, according to a report released today by State …
https://www.osc.ny.gov/press/releases/2024/07/dinapoli-nyc-contract-spending-rises-7-billion-fy-2019DiNapoli: MTA Budget Gaps Return
… various budget risks that the MTA has identified come to pass. “A year ago, the MTA was looking forward to a period of … is still down around 20%, with Metro-North further behind. Bus ridership had initially recovered faster but has trended … growth, forcing the MTA to budget for $811 million less in bus and subway revenue through 2027, including $200 million …
https://www.osc.ny.gov/press/releases/2024/10/dinapoli-mta-budget-gaps-returnDiNapoli: State Tax Collections Outperform Projections for State Fiscal Year 2024-25
… to increased personal income tax (PIT) receipts resulting from financial market growth from calendar year 2024 which propelled bonuses paid in the … a balance of $56.9 billion, an increase of $10.6 billion from the opening balance. Major actions taken by DOB at the …
https://www.osc.ny.gov/press/releases/2025/04/dinapoli-state-tax-collections-outperform-projections-state-fiscal-year-2024-25DiNapoli: NYC Vehicle Fleet Meeting Goals on Fuel Efficiency but Aging Emergency and Sanitation Trucks Often Sidelined for Repairs
… critical and daily emergency services throughout the city. In fiscal year (FY) 2025, the city spent $415 million on fuel and fleet repair, and over $400 million in capital funding for new vehicle acquisitions. “New York … 85 months. This aging fleet has contributed to a decline in vehicle readiness, with in-service rates for critical …
https://www.osc.ny.gov/press/releases/2025/11/dinapoli-nyc-vehicle-fleet-meeting-goals-fuel-efficiency-aging-emergency-and-sanitation-trucks-oftenDiNapoli Audit Finds Food Inspection Failures at NYC Homeless Shelters
… The state and city agencies in charge of overseeing food services at homeless shelters in New York City were lax in inspecting them and did not check if food service workers … The state and city agencies in charge of overseeing food services at homeless shelters in …
https://www.osc.ny.gov/press/releases/2018/10/dinapoli-audit-finds-food-inspection-failures-nyc-homeless-sheltersDiNapoli: State's Cash Position is Strong
… were $26.9 billion, $119.3 million higher than projected in the latest Financial Plan update but 1.3 percent less than … because of lower personal income tax (PIT) collections in April. Total spending of $52.4 billion through the first … earlier, primarily because of Medicaid. Receipts collected in the General Fund (including transfers from other funds) …
https://www.osc.ny.gov/press/releases/2014/09/dinapoli-states-cash-position-strongDiNapoli: College Student Loan Debt Doubled in New York Over Last Decade
… the average New Yorker with college loans owed $32,200 in 2015, higher than the national average of $29,700. In New York, student loan debt more than doubled during the … the average New Yorker with college loans owed $32200 in 2015 higher than the national average of $29700 In New …
https://www.osc.ny.gov/press/releases/2016/09/dinapoli-college-student-loan-debt-doubled-new-york-over-last-decadeDiNapoli Releases State Cash Report
… Tax revenues of $8.1 billion in June were stronger than expected, and collections for the … fiscal year were $748.5 million higher than projections in the Enacted Budget Financial Plan, according to the … higher than projected. “Tax collections were robust in the first quarter of the fiscal year, exceeding …
https://www.osc.ny.gov/press/releases/2015/07/dinapoli-releases-state-cash-reportDiNapoli: Millions in NYC Transit Fines and Fees Uncollected
… Thomas P. DiNapoli today announced that an audit of the Metropolitan Transportation Authority’s New York City … division found it did not collect more than $13 million in fines and fees — nearly half of those owed to it — issued … NYC Transit violations has cost tens of millions more over the years. “New York City Transit can and should do more to …
https://www.osc.ny.gov/press/releases/2016/08/dinapoli-millions-nyc-transit-fines-and-fees-uncollectedOpinion 92-17
… that bear on the issues discussed in the opinion. SALES TAX -- Agreements (right of towns to receive share) TAX LAW, §1262(c): A sales tax agreement between a county and cities within the … need not, as a matter of law, include a share of county sales tax revenues for towns. You ask whether a sales tax …
https://www.osc.ny.gov/legal-opinions/opinion-92-17Opinion 95-13
… or statutory amendments that bear on the issues discussed in the opinion. BONDS AND NOTES -- Proceeds (use of excess) … may be used for any lawful school district purpose, in lieu of using the proceeds to pay principal and interest … from the sale of bonds must be deposited and secured in a special account, may not be commingled with other funds …
https://www.osc.ny.gov/legal-opinions/opinion-95-13DiNapoli Releases July Cash Report
… the first four months of the State’s fiscal year came in $17.7 million lower than the Division of the Budget’s … sources and the one-shot nature of billions of dollars in settlement proceeds, it is important to closely monitor … the same period last year, and collections of $4.7 billion in July were $361 million, or 8.4 percent, higher than …
https://www.osc.ny.gov/press/releases/2015/08/dinapoli-releases-july-cash-reportDiNapoli: State Tax Revenues $3 Billion Below Last Year
… State tax receipts in November were higher than expected by the Division of the … York State Comptroller Thomas P. DiNapoli. Tax receipts in the month of November totaled $4.3 billion, $52.5 million … last year and $806.7 million higher than the projection in DOB’s State Fiscal Year 2021 Mid-Year Update, issued Oct. …
https://www.osc.ny.gov/press/releases/2020/12/dinapoli-state-tax-revenues-3-billion-below-last-yearState Agencies Bulletin No. 2188
… Purpose: The purpose of this bulletin is to notify agencies that the pensionable overtime (OT) … Retirement System (NYCBERS) for the 2024 plan year is $20,459. Affected Employees: Tier 6 members of NYCERS, … on December 31 of the previous year. The 2024 OT limit is $20,459. Effective Dates: Effective for Institution …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2188-2024-tier-6-overtime-limit-new-york-city-retirement-systems