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DiNapoli: MTA Budget Continues to Face Serious Risks
… The Metropolitan Transportation Authority is expected to … released today by State Comptroller Thomas P. DiNapoli. “The MTA’s ambitious capital program promises significant … on borrowing will also place additional pressure on the operating budget, which already faces risks. Unless the …
https://www.osc.ny.gov/press/releases/2020/03/dinapoli-mta-budget-continues-face-serious-risksDiNapoli: 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, … seekers, which will help balance its $116.9 billion FY 2026 budget, according to a report released today by State … New York City shore up its finances and close a budget gap for the coming fiscal year,” DiNapoli said. “However, given …
https://www.osc.ny.gov/press/releases/2025/02/dinapoli-nyc-budget-stabilizes-new-risks-emergeDiNapoli: Wall Street 2022 Bonuses Fell 26% From Previous Year, Return to Pre-Pandemic Levels
… to securities employees dropped to $176,700, a 26% decline from the previous year’s $240,400, according to New York … in 2021. In 2022, Wall Street’s pretax profits fell 56% from the previous year due to deep declines in … Wall Streets 2022 average bonus paid to securities employees …
https://www.osc.ny.gov/press/releases/2023/03/dinapoli-wall-street-2022-bonuses-fell-26-previous-year-return-pre-pandemic-levelsXI.2.A Thresholds – XI. Procurement and Contract Management
… following entities: State agencies, the Office of General Services (OGS), State agencies serviced by the OGS Business … contracts, State University of New York (SUNY), SUNY Construction Fund, SUNY health care facilities, City University of New York (CUNY), and CUNY Construction Fund. (See OSC Approval Thresholds Summary for …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xi/xi2a-thresholdsOpinion 89-50
… CONSTITUTION, Art. VIII, §1: A town may expend moneys to pay for an improvement on private property to alleviate a drainage problem if it is determined that the … existence of a "special relationship", the town, subject to judicial approval, could agree to undertake the drainage …
https://www.osc.ny.gov/legal-opinions/opinion-89-50New York’s Economy and Finances in the COVID-19 Era
… of New York State small businesses received assistance in recent months through the federal government’s Paycheck … survey data for the week ending June 27. $38.2 billion in PPP loans were approved for New York applicants through … provide guidance to lenders about prioritizing borrowers in underserved and rural markets, those borrowers, including …
https://www.osc.ny.gov/reports/covid-19-august-5-2020DiNapoli Releases Analysis of Executive Budget
… picture but also weakens checks and balances over the use of public dollars, according to a report released today by … Washington, questions over state tax revenues and billions of dollars in out-year gaps pose significant threats," DiNapoli said. "At a time of difficult financial challenges, transparency, …
https://www.osc.ny.gov/press/releases/2018/02/dinapoli-releases-analysis-executive-budgetDiNapoli: Former Assemblyman William Scarborough Sentenced On Fraud and Theft Convictions
… Scarborough, 69, of Queens, New York, was sentenced today to 13 months in prison and two years of supervised release … also ordered that Scarborough pay $54,355 in restitution to New York State and forfeit the same amount to the United States. Scarborough pleaded guilty on May 7, …
https://www.osc.ny.gov/press/releases/2015/09/dinapoli-former-assemblyman-william-scarborough-sentenced-fraud-and-theft-convictionsOpinion 90-34
… bear on the issues discussed in the opinion. FOREIGN FIRE INSURANCE TAXES -- Recipients (emergency rescue and first aid squads) GENERAL MUNICIPAL LAW, §209-b(1); INSURANCE LAW, §§9104, 9105: An emergency rescue and first … fire department is not entitled to receive foreign fire insurance tax moneys unless authorized by a special law. You …
https://www.osc.ny.gov/legal-opinions/opinion-90-34Opinion 88-7
… provisions, File No. 3046 concluded that: ". . . there is grave doubt that the current debt service of $7,000 (for … can be used for current purposes on the basis that it is an unexpended balance of an appropriation." We note that 4 … of paying debt service on the bonds. Further, there is nothing in section 165.00 which restricts the use of such …
https://www.osc.ny.gov/legal-opinions/opinion-88-7Changes in Federal Policies Pose Significant Risks for New York City's Budget
… Great Recession," DiNapoli said. "New York City’s economy is strong, the 2018 budget is balanced and the out-year gaps are manageable under … in FY 2020 and $1.6 billion in FY 2021. Although the city is not currently projecting a surplus in FY 2018, the …
https://www.osc.ny.gov/press/releases/2017/12/changes-federal-policies-pose-significant-risks-new-york-citys-budgetOpinion 92-5
… grant license) STATE CONSTITUTION, ARTICLE VIII, §1: There is no contravention of the gift and loan prohibition in … inconsistent with the analysis and conclusion herein. It is a well-established principle that property held for public … No. 85-37, p 51). Further, even if the purpose of such use is public in nature, it may not be accomplished in violation …
https://www.osc.ny.gov/legal-opinions/opinion-92-5Opinion 98-20
… subsequent court cases or statutory amendments that bear on the issues discussed in the opinion. FIRE COMPANY -- Fire … for appointment to fire police squad) GENERAL MUNICIPAL LAW, §209-c; TOWN LAW, §176(11): An otherwise qualified individual may be …
https://www.osc.ny.gov/legal-opinions/opinion-98-20The Survivor’s Benefit Program for New York State Management / Confidential Employees
… (TIAA). What are the eligibility requirements? There is no need to enroll — your beneficiary is eligible to receive this benefit if, at the time of your … to collect a benefit. Note: The service requirement is waived if you die as the result of an on-the-job accident …
https://www.osc.ny.gov/retirement/publications/survivors-benefit-program-nys-management-confidential-employeesCaucus 2026: Important Information for New Yorkers
… Impact: New York State Farming and Agriculture, January 2026 Federal Impact: Higher Education, October 2025 Tax … Incidents and Bullying in New York Schools, February 2026 School Districts: Lead in Water: Testing and Reporting, … Childcare Services for Children Under Five, January 2026 The Cost of Living in NYC: Food, April 2025 Older Adults …
https://www.osc.ny.gov/reports/caucus2026State Agencies Bulletin No. 2243.2
… No. 2243 .1 Purpose: The purpose of this bulletin is to notify agencies of the new Payroll Check Notification … deposit returns, and retirement refunds, in addition to the status of direct deposit returns, direct deposit … Report: The Payroll Check Notification Report is available to agency payroll staff via a link on the PayServ Bulletin …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/22432-revised-new-payroll-check-notification-reportState Agencies Bulletin No. 2167
… Purpose: The purpose of this bulletin is to explain why the Retirement Plan checkbox in Box 13 of Form … account described in IRC Section 403(b) – applicable only to employees of SUNY, CUNY and the NYS Education Department. … a retirement plan, any individual that is eligible to join the plan is considered covered by the plan even if …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2167-retirement-plan-checkbox-form-w-2-wage-and-tax-statement-tax-year-2023Artificial Intelligence Governance
To assess New York Citys progress in establishing an appropriate governance structure over the development and use of artificial intelligence AI tools and systems
https://www.osc.ny.gov/state-agencies/audits/2023/02/16/artificial-intelligence-governanceState Agencies Bulletin No. 2276
… Purpose: The purpose of this bulletin is to explain why the Retirement Plan checkbox in Box 13 of Form … account described in IRC Section 403(b) – applicable only to employees of SUNY, CUNY and the NYS Education Department. … a retirement plan, any individual that is eligible to join the plan is considered covered by the plan even if …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2276-retirement-plan-checkbox-form-w-2-wage-and-tax-statement-tax-year-2024State Agencies Bulletin No. 2244
… is to provide agency instructions for processing the 2024 CSEA Tool Allowance Payment. Affected Employees: … an annual allowance. In addition, a memorandum dated 06/05/2024 from the Office of Employee Relations (OER) authorizes … or Institution Pay Period 7L for the paychecks dated 07/25/2024. Eligibility Criteria: Employees who meet the …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2244-2024-csea-tool-allowance-payment