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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-budgetOpinion 88-28
… Town Law, §64(11). The place of publication of a newspaper is a question of fact [1982 Opns St Comp, No. 82-307 … class mail matter in the post office of a city within the county in which the town is located; (2) a weekly newspaper … the City of New York, was "published" in the Borough of Manhattan, rather than the Borough of Queens, because the …
https://www.osc.ny.gov/legal-opinions/opinion-88-28Opinion 89-8
… for consent by the Office of the State Comptroller to establishment by school district in Adirondack Park) … for consent by the Office of the State Comptroller to establishment by a school district in Adirondack Park) … Park may establish a repair reserve fund pursuant to General Municipal Law, §6-d without the prior consent of …
https://www.osc.ny.gov/legal-opinions/opinion-89-8DiNapoli: MTA Faces Growing Risks to Its Capital Funding
… the MTA’s finances last year, but its capital program for maintaining and upgrading the regional transit system … in capital funds by using its operating budget to pay for more borrowing, less money would be available for day-to-day operations and goals, like increasing …
https://www.osc.ny.gov/press/releases/2024/05/dinapoli-mta-faces-growing-risks-its-capital-fundingNew York's 529 College Savings Program Delivers $287 Million to College Students Since January
… College Savings Program has been recognized as one of the best in the nation by savingforcollege.com. For more …
https://www.osc.ny.gov/press/releases/2016/05/new-yorks-529-college-savings-program-delivers-287-million-college-students-januaryState 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-systemsDiNapoli Warns Changing Fiscal Landscape Could Increase Budget Challenges for Local Governments
… pandemic aid through a variety of programs in 2020, 2021 and 2022. The federal Coronavirus Aid, Relief and … Budget for all AIM recipients is proposed in the SFY 2025-26 Executive Budget to continue for just one more year. … years. For the local fiscal year ending in 2019, 142 (9%) of over 1,575 counties, cities, towns and villages failed …
https://www.osc.ny.gov/press/releases/2025/02/dinapoli-warns-changing-fiscal-landscape-could-increase-budget-challenges-local-governmentsDiNapoli: As NYC Budget Stabilizes, New Risks Emerge
… New York City increased its expectations for its surplus in fiscal year (FY) 2025 to $2.34 billion, … New York City shore up its finances and close a budget gap for the coming fiscal year,” DiNapoli said. “However, given … and economic policy choices, the city should be preparing for scenarios where all of its resources -- federal, state, …
https://www.osc.ny.gov/press/releases/2025/02/dinapoli-nyc-budget-stabilizes-new-risks-emergeDiNapoli: Youth in NYC Face Double Digit Unemployment Rate
… DiNapoli’s report also found: The 19.5% unemployment rate for young Asian workers citywide is now more than double what … significantly higher than the national unemployment rate for young Asians. The unemployment rate for young Hispanic workers ticked up to 17.2% from 2023 to …
https://www.osc.ny.gov/press/releases/2025/06/dinapoli-youth-nyc-face-double-digit-unemployment-rateRFP#0008 – Audit of OSC Internal Controls
… Request for Proposals Issued June 9, 2025 The Office of the State … other information as it becomes available, is available for download through the following links: Request for Proposals , in PDF Forms Only , in MS Word format …
https://www.osc.ny.gov/procurement/rfp0008Subway Recovery Tracker
… Note: Least recovered stations exclude those closed for station and track work. As of February 2025, these … Metropolitan Transportation Authority; OSC analysis For the first two years following the pandemic, subway … does include useful information on the share of rides paid for through the new OMNY system (whereby riders can simply …
https://www.osc.ny.gov/osdc/subway-recovery-trackerDiNapoli: Sales Tax Collections Growth Slowed in First Half of 2015
… excluding all cities, increased only 0.5 percent for the first six months of 2015, with many counties seeing a … slow growth in sales taxes could pose fiscal challenges for local governments across New York, especially for … 6 percent. Technical adjustments can explain some of these increases. See the report here , or go to: …
https://www.osc.ny.gov/press/releases/2015/07/dinapoli-sales-tax-collections-growth-slowed-first-half-2015DiNapoli Releases State Cash Report
… Tax revenues of $8.1 billion in June were stronger than expected, and collections for the first quarter of the fiscal year were $748.5 million higher than … in the Enacted Budget Financial Plan, according to the monthly state cash report issued today by New York …
https://www.osc.ny.gov/press/releases/2015/07/dinapoli-releases-state-cash-reportDiNapoli: Better Oversight Needed for Youth Jobs Programs
… participating businesses hired only people who qualified for the program and that the tax credits they were given were … meet age, residence and employment criteria to qualify for the New York Youth Jobs Program. They also must be … such as living in public housing or being in foster care. For the period January 2014 to July 2018, DiNapoli’s auditors …
https://www.osc.ny.gov/press/releases/2019/01/dinapoli-better-oversight-needed-youth-jobs-programsDiNapoli: The State May Have Your Money
… office could be theirs. More than 30 million accounts are unclaimed in New York, some dating back to the 1940s. An … their name. It’s likely that some of the $12.5 billion in unclaimed funds belongs to you, a family member or … to reclaim what is rightfully yours.” A large portion of unclaimed funds derives from dormant bank accounts, uncashed …
https://www.osc.ny.gov/press/releases/2014/01/dinapoli-state-may-have-your-moneyDiNapoli: Silencing Excessive NYC Noise a Major Challenge
… from approximately 200,000 to about 384,000 between 2010 and 2015, yet few complaints are ever found to be in … Thomas P. DiNapoli. The report maps noise trends and patterns over six years of 311 complaints and examines the efforts to address them. "Noise in New York …
https://www.osc.ny.gov/press/releases/2018/01/dinapoli-silencing-excessive-nyc-noise-major-challengeState Agencies Bulletin No. 2188
… overtime (OT) earnings limit for Tier 6 members of the New York City Employee Retirement System (NYCERS), New York City …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2188-2024-tier-6-overtime-limit-new-york-city-retirement-systemsComptroller DiNapoli Releases Municipal Audits
… fiscal climate, budget transparency and accountability for our local communities is a top priority,” said DiNapoli. … of Charlton – Internal Controls Overbilled Receivables for Water Operations (Saratoga County) In 2013, the board … City officials plan to raise additional revenue from fee increases that have not yet been approved by the city …
https://www.osc.ny.gov/press/releases/2014/05/comptroller-dinapoli-releases-municipal-audits-1Opinion 92-17
… or statutory amendments that bear on the issues discussed in the opinion. SALES TAX -- Agreements (right of towns to … school district purposes shall be distributed to the towns in the county or whether such areas may be omitted entirely from the sales tax distribution scheme set forth in the agreement. Under subdivision (a) of Tax Law, §1262, a …
https://www.osc.ny.gov/legal-opinions/opinion-92-17New York One of Only Seven States to Owe Money to Federal Unemployment Trust Fund
… Despite recent significant payments to the federal Unemployment Trust Fund (UTF), New York is one … with unemployment insurance (UI) funds that are in debt to the federal government, and the $8.1 billion owed in the outstanding loan balance is second only to California, according to a new analysis by State …
https://www.osc.ny.gov/press/releases/2022/06/new-york-one-only-seven-states-owe-money-federal-unemployment-trust-fund