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DiNapoli: 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-failuresDiNapoli: State Agency Overtime Costs Grew by 47.2% in 2022, Marking an All-Time High
… at state agencies rose 47.2% to more than $1.36 billion in 2022, setting a new record, according to a report released … Overtime earnings comprised 7.5% of total payroll spending in 2022, a significant increase from the 4.6% average from … “People leaving state jobs drastically outpaced hiring in 2020 and 2021, and the sharp decline in the size of the …
https://www.osc.ny.gov/press/releases/2023/05/dinapoli-state-agency-overtime-costs-grew-47-point-2-2022-marking-all-time-highDiNapoli: Employment Among Mothers in NYC Improves, But Unemployment Remains Higher Than Pre-Pandemic Levels
… The unemployment rate for mothers in New York City has improved but it remains higher than it … have improved access to early education and child care for working mothers and families, but more can be done to … The unemployment rate for mothers in New York City has improved but it remains …
https://www.osc.ny.gov/press/releases/2023/05/dinapoli-employment-among-mothers-nyc-improves-unemployment-remains-higher-pre-pandemic-levelsDiNapoli: Local Sales Tax Collections Grow by 1.5% in April Compared to Last Year
… . Under State Comptroller DiNapoli’s open data initiative, search millions of state and local government financial …
https://www.osc.ny.gov/press/releases/2023/05/dinapoli-local-sales-tax-collections-grow-1.5-percent-in-april-compared-last-yearDiNapoli: OTDA Needs to Improve Oversight of Services Provided to Those in Homeless Shelters
… New Yorkers, many of them in need of mental health care or drug addiction services, are in desperate need of permanent … to $2.1 billion per year from 2018 to 2022. Each client who enters a shelter must take part in a needs assessment and … left the shelter system, and their current location was unknown (43%). Nineteen clients were still residing in a …
https://www.osc.ny.gov/press/releases/2023/08/dinapoli-otda-needs-improve-oversight-services-provided-those-homeless-sheltersDiNapoli: Local Sales Tax Collections Increase by 3.6% in Third Quarter Over Last Year
… in New York state totaled $5.9 billion in the third calendar quarter of 2023 (July - September), an increase of … months (July, August and September) comprising the third calendar quarter of 2023 was relatively stable, ranging from … in New York state totaled $59 billion in the third calendar quarter of 2023 July September an increase of 36 or …
https://www.osc.ny.gov/press/releases/2023/10/dinapoli-local-sales-tax-collections-increase-3-point-6-percent-third-quarter-over-last-yearDiNapoli: 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: State Agency Overtime Costs Increased 10.2% in 2024, Up 1.8M Hours Over 2023
… With Developmental Disabilities (OPWDD), and the Office of Mental Health (Mental Health) comprised 23% of the workforce but accounted …
https://www.osc.ny.gov/press/releases/2025/07/dinapoli-state-agency-overtime-costs-increased-10.2-percent-in-2024-up-1.8m-hours-over-2023DiNapoli: NYC's Open Streets Program Supported Retail and Restaurant Job Recovery in Manhattan, Brooklyn
… the gains were concentrated in areas of Manhattan and Brooklyn, according to a report released today by State … 2021. Between 2020 and 2024, a total of 510 unique Open Street locations were in operation across the city, with 2021 … and Greenwich Village boasted the greatest number of Open Street locations citywide with 40, followed by 30 in …
https://www.osc.ny.gov/press/releases/2026/01/dinapoli-nycs-open-streets-program-supported-retail-and-restaurant-job-recovery-manhattan-brooklynDiNapoli: Taxpayers Moving Out of State Spiked in 2020, Led by Those Leaving NYC
… one of every 100 resident personal income tax (PIT) filers left New York state in 2020, according to State Comptroller … in 2021 retained no New York source of income after they left, suggesting a potential loss of economic activity. … Married and head of household taxpayers (families) also left New York at elevated rates in 2020, nearly double those …
https://www.osc.ny.gov/press/releases/2023/12/dinapoli-taxpayers-moving-out-state-spiked-2020-led-those-leaving-nycDiNapoli: Nearly 14% of New Yorkers Live in Poverty; Surpasses National Average for Eight Straight Years
… P. DiNapoli examining “New Yorkers in Need.” While poverty rates in the state declined prior to the pandemic, they were … Credit and the Earned Income Tax Credit. I look forward to working with the State Comptroller to implement these … access the services and programs they need. I’ll continue working to ensure our families and most vulnerable neighbors …
https://www.osc.ny.gov/press/releases/2022/12/dinapoli-nearly-14-percent-of-new-yorkers-live-poverty-surpasses-national-average-eight-straight-yearsDiNapoli Report Looks at Foreclosure Impact on Local Governments
… foreclosure has drawn out the process, increasing costs for individuals and municipalities. This is particularly …
https://www.osc.ny.gov/press/releases/2016/04/dinapoli-report-looks-foreclosure-impact-local-governmentsTown of Shelby – Supervisor’s Financial Responsibilities Audit Follow-Up (2021M-121-F)
… an elected five-member Board, composed of the Supervisor and four Board members. The Board is responsible for the general oversight of the operations and finances. … executive officer and chief financial officer responsible for the day-to-day financial operations. Results of Review …
https://www.osc.ny.gov/local-government/audits/court-and-trust/2024/09/13/town-shelby-supervisors-financial-responsibilities-audit-follow-2021m-121Town of Otselic – Records and Reports and Conflict of Interest Audit Follow-Up (2021M-36-F)
… the Town of Otselic’s (Town’s) progress, as of May 2024, in implementing our recommendations in the audit report released in July 2021. Background The Town, located in Chenango … assess the Town of Otselics Towns progress as of May 2024 in implementing our recommendations in the audit report …
https://www.osc.ny.gov/local-government/audits/town/2024/08/16/town-otselic-records-and-reports-and-conflict-interest-audit-follow-2021m-36-fVillage of Herkimer – Water and Sewer Financial Operations Audit Follow-Up (2019M-102-F)
… The Village also provides water services to some customers that reside in the Town of Russia and to three water districts that serve portions of the Towns of Herkimer and German … is governed by an elected Village Board composed of a Mayor and four Trustees. Results of Review Based on our …
https://www.osc.ny.gov/local-government/audits/village/2024/06/28/village-herkimer-water-and-sewer-financial-operations-audit-follow-2019m-102-f