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DiNapoli: State Fiscal Year 2021-22 Tax Revenues $3.3 Billion Over Final Projections
… $3.3 billion higher than forecast by the Division of the Budget (DOB) in the Amended Executive Budget financial … projections. PTET proceeds are expected by the Division of the Budget to be offset by lower personal income tax (PIT) … were made to the rainy-day fund reserves to set aside some of the state’s gains. Following through with plans to …
https://www.osc.ny.gov/press/releases/2022/04/dinapoli-state-fiscal-year-2021-22-tax-revenues-33-billion-over-final-projectionsDiNapoli Releases December State Cash Report
… State tax collections through the first three quarters of the fiscal year declined $1.2 billion, or 2.2 percent, … year by more than $1 billion,”DiNapoli said. “The timing of payments and the level of financial sector bonuses will influence whether current … State tax collections through the first three quarters of the fiscal year declined $12 billion or 22 percent from …
https://www.osc.ny.gov/press/releases/2017/01/dinapoli-releases-december-state-cash-reportDiNapoli: Syosset Man Sentenced for Role in $12 Million Ponzi Scheme
… million Ponzi scheme that targeted nearly 50 victims—many of them seniors—between 2015 and 2017. Matthew Eckstein, 52, … on Feb. 8, 2022, before Judge Teresa Corrigan to charges of Grand Larceny in the First Degree (a B felony) and … on this case. “Matthew Eckstein brazenly took advantage of people who trusted him to line his own pockets and …
https://www.osc.ny.gov/press/releases/2022/07/dinapoli-syosset-man-sentenced-role-12-million-ponzi-schemeDiNapoli: Wall St. First Half Profits Jumped
… industry reached $15.1 billion in the first six months of 2019, an 11 percent increase over the same period last … start in 2019, but uncertainties leave the second half of the year an open question,” DiNapoli said. “Volatile … is traditionally measured by the pretax profits of the broker/dealer operations of New York Stock Exchange …
https://www.osc.ny.gov/press/releases/2019/10/dinapoli-wall-st-first-half-profits-jumpedOpen Educational Resources
… OER, be designated as ZTC (Zero Textbook Cost) in CUNYfirst, CUNY’s system for course registration. Since … We also question the accuracy of OER reporting in CUNYfirst. While each college is responsible for marking its courses as ZTC in CUNYfirst, CUNY does not exercise sufficient oversight to …
https://www.osc.ny.gov/state-agencies/audits/2025/03/27/open-educational-resourcesSelected Management and Operations Practices
… NY 2.0 charging stations in locations where the intent of these programs could be achieved. We also determined … EVolve NY program met its initial project goals by the end of 2019. The audit covered the period from January 2013 … The Charge NY program, unveiled during the 2013 State of the State Address, sought to get more EVs on the road by …
https://www.osc.ny.gov/state-agencies/audits/2022/02/04/selected-management-and-operations-practicesCommack Union Free School District – Lead Testing and Reporting (S9-25-9)
… (NYS) requires all public school districts and Boards of Cooperative Educational Services (BOCES) to test potable … as required by NYS Public Health Law and Department of Health (DOH) regulations. 3 We determined 20 water outlets … bathroom outlets located in elementary school classrooms) of the 521 water outlets we identified at select areas, that …
https://www.osc.ny.gov/local-government/audits/school-district/2025/07/11/commack-union-free-school-district-lead-testing-and-reporting-s9-25-9DiNapoli: NYC Put Federal Funds to Work Quickly To Shore Up Budget and Drive Recovery
… City is using the federal funds it received in the wake of the COVID-19 pandemic to replace revenue losses and … increase budgetary gaps.” The American Rescue Plan Act of 2021 (ARPA) provided $350 billion in Coronavirus State and … other local governments across the country used the first of two partial payments of these funds, totaling nearly $224 …
https://www.osc.ny.gov/press/releases/2022/09/dinapoli-nyc-put-federal-funds-work-quickly-shore-budget-and-drive-recoveryDiNapoli: State Tax Collections Outperform Projections for State Fiscal Year 2024-25
… billion, $2.1 billion higher than forecast by the Division of the Budget (DOB) in the SFY 2025-26 Executive Budget … 2024 which propelled bonuses paid in the final quarter of the fiscal year. “With the steady pace of economic growth and strong financial markets in 2024, the …
https://www.osc.ny.gov/press/releases/2025/04/dinapoli-state-tax-collections-outperform-projections-state-fiscal-year-2024-25DiNapoli: System Glitch Left Too Many NYC Heat & Hot Water Complaints Ignored
… hot water is a hazard that is supposed to be addressed in 24 hours, but the city’s Department of Housing Preservation … from Oct. 1 to May 31 – the “Heat Season” – and hot water 24 hours a day. Tenant complaints about lack of adequate heat … made in FY 2018 and 533 complaints made in FY 2019. For 24 of the 25 buildings, the complaints were incorrectly …
https://www.osc.ny.gov/press/releases/2020/09/dinapoli-system-glitch-left-too-many-nyc-heat-hot-water-complaints-ignoredOvertime at State Agencies Reached All-Time High in 2020
… The total cost of overtime in 2020 at state agencies reached an all-time … State Comptroller Thomas P. DiNapoli. Total overtime hours of 19 million increased 3.9 percent and total overtime … percent from 2019. Overtime earnings comprised 4.8 percent of total payroll spending in 2020, an increase from the 4.2 …
https://www.osc.ny.gov/press/releases/2021/05/overtime-state-agencies-reached-all-time-high-2020DiNapoli: NYC Sales Tax Collections Strong Due to Tourism and Commuter Return, Fueling Statewide Strength
… taxable sales grew by 18.1% in the first three quarters of the latest sales tax year (STY, March 2022 to February … “The decline in visitors and commuters at the onset of the COVID-19 pandemic resulted in a drop in sales tax … years in a row for the city,” DiNapoli said. “The return of travelers and office workers helped drive New York City’s …
https://www.osc.ny.gov/press/releases/2023/04/dinapoli-nyc-sales-tax-collections-strong-due-tourism-and-commuter-return-fueling-statewide-strengthRFQual0002 – Independent Examiner Services (Individual Physicians)
… Request for Qualifications Issued by the Office of the State Comptroller Issued August 1, 2025 The New York … State Comptroller (“Comptroller”) as Administrative Head of the New York State and Local Retirement System and the New … and will conduct Independent Medical Examinations (“IMEs”) of NYSLRS’ members (“Members”) for the NYSLRS’ Medical Board …
https://www.osc.ny.gov/procurement/rfqual0002NYS and NYC Pension Funds To SEC: Greater Disclosure Needed On Risks Faced By Fossil Fuel Industry
… — by enforcement or other action — to enhance disclosure of the material risks climate change poses to their business … are taking to meet those challenges. DiNapoli, Trustee of the New York State Common Retirement Fund, and Stringer, Chief Investment Advisor of the New York City Retirement Systems, manage more than …
https://www.osc.ny.gov/press/releases/2015/04/nys-and-nyc-pension-funds-sec-greater-disclosure-needed-risks-faced-fossil-fuel-industryNYS Common Retirement Fund Announces Third Quarter Results
… Fund’s (Fund) overall return in the third quarter of the state fiscal year 2015 was 1.91 percent for the … during the quarter. The Fund’s value was $176.8 billion as of the end of the state fiscal year on March 31, 2014. The Fund has 39.5 … Retirement Funds Fund overall return in the third quarter of the state fiscal year 2015 was 191 percent for the …
https://www.osc.ny.gov/press/releases/2015/02/nys-common-retirement-fund-announces-third-quarter-resultsNY State Comptroller DiNapoli: Wells Fargo Needs to Pull Back the Curtain on Its Incentive Pay Program
… be put to a vote of fellow investors at the bank's annual meeting on April 24. "Incentive pay practices have been identified as … hear from Wells Fargo, we will be left to wonder when the next headline will inform us of a new scandal or more …
https://www.osc.ny.gov/press/releases/2018/04/ny-state-comptroller-dinapoli-wells-fargo-needs-pull-back-curtain-its-incentive-pay-programNY State Comptroller DiNapoli Asks Express Scripts' Shareholders to Back Cyber Security Risk Proposal
… New York State Comptroller Thomas P. DiNapoli, trustee of the New York State Common Retirement Fund (Fund), today … to ensure cyber security. DiNapoli's request, in the form of a shareholder proposal , will be voted on at the company's annual meeting on May 10. "Cybersecurity is one of the most critical issues facing businesses today and …
https://www.osc.ny.gov/press/releases/2018/05/ny-state-comptroller-dinapoli-asks-express-scripts-shareholders-back-cyber-security-risk-proposalNYS Common Retirement Fund Reports First Quarter Results
… Fund’s (Fund) estimated return in the first quarter of the State Fiscal Year (SFY) 2019-20 was 3.38 percent for … approach and closely examine our seven percent target rate of return to determine if it is due for an adjustment as a matter of prudent fiscal management. Our constant goal is to ensure …
https://www.osc.ny.gov/press/releases/2019/08/nys-common-retirement-fund-reports-first-quarter-resultsDiNapoli: Youth in NYC Face Double Digit Unemployment Rate
… wage industries such as leisure and hospitality and retail trade, a smaller share than in 2019. Young male workers in … in industries such as leisure and hospitality and retail trade. In the city, these industries have yet to fully … has seen participation, stipend, and wage levels rise. Programs like SYEP have been shown to reduce the likelihood …
https://www.osc.ny.gov/press/releases/2025/06/dinapoli-youth-nyc-face-double-digit-unemployment-rateDiNapoli 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 … with a health warning," DiNapoli said. "Food operations of many shelters have gone uninspected and shelters couldn't … found that has not been the case." The state Office of Temporary and Disability Assistance (OTDA) administers New …
https://www.osc.ny.gov/press/releases/2018/10/dinapoli-audit-finds-food-inspection-failures-nyc-homeless-shelters