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NYS 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: NYC Put Federal Funds to Work Quickly To Shore Up Budget and Drive Recovery
… (69.5%). Only three cities (Dallas, Phoenix and San Jose) devoted less than 40% of their obligations to date …
https://www.osc.ny.gov/press/releases/2022/09/dinapoli-nyc-put-federal-funds-work-quickly-shore-budget-and-drive-recoveryDiNapoli: System Glitch Left Too Many NYC Heat & Hot Water Complaints Ignored
… to be addressed in 24 hours, but the city’s Department of Housing Preservation and Development (HPD) has likely … that families could be left in the cold because of a database flaw that went unnoticed for years,” DiNapoli … and hot water 24 hours a day. Tenant complaints about lack of adequate heat and hot water are sent to HPD to address. …
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 alltime high at more than $850 million continuing an upward trend over the last decade and spurred on by the COVID19 pandemic according to a report released today by New York State Comptroller Thomas P DiNapoli
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
… their pandemic lows. Sales growth has begun to slow, and my office expects growth to return to normal in the near future.” At the onset of the pandemic, local consumption … of definition of “nexus,” or presence, from a physical location to a measure of sales made to New York residents, …
https://www.osc.ny.gov/press/releases/2023/04/dinapoli-nyc-sales-tax-collections-strong-due-tourism-and-commuter-return-fueling-statewide-strengthDiNapoli: State Tax Collections Outperform Projections for State Fiscal Year 2024-25
… $117.5 billion, $2.1 billion higher than forecast by the Division of the Budget (DOB) in the SFY 2025-26 Executive Budget Financial Plan, according … totaled $1175 billion $21 billion higher than forecast by the Division of the Budget DOB in the SFY 202526 Executive …
https://www.osc.ny.gov/press/releases/2025/04/dinapoli-state-tax-collections-outperform-projections-state-fiscal-year-2024-25DiNapoli: Youth in NYC Face Double Digit Unemployment Rate
… Young workers in New York City between the ages of 16-24 continued to face a high 13.2% unemployment rate in … and is currently just over its 2019 level. In 2023, 37.7% of young workers citywide worked in lower wage industries … have yet to fully recover their pre-pandemic losses. As of March 2025, restaurant jobs were 2.5% below their …
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
… Thomas P. DiNapoli. "When you get a hot meal at a homeless shelter, it should not come with a health warning," DiNapoli … programs. The office certifies and oversees larger scale shelter facilities and is responsible for inspecting them and … that served for catered food. Auditors found that one shelter, Traveler's Safe Haven, (274 West 40th St, Manhattan) …
https://www.osc.ny.gov/press/releases/2018/10/dinapoli-audit-finds-food-inspection-failures-nyc-homeless-sheltersDiNapoli: MTA Faces $9.8 Billion Capital Plan Shortfall
… to 4 percent as planned will depend on the amount of capital funding made available by New York state and New … the MTA will have to choose between cutting the size of the capital program or borrowing more, which could lead to … to the MTA’s capital program by $7.3 billion to a total of $8.3 billion and that New York City increase its …
https://www.osc.ny.gov/press/releases/2015/09/dinapoli-mta-faces-98-billion-capital-plan-shortfallDiNapoli: State's Cash Position is Strong
… State tax collections through the first five months of the state fiscal year were $26.9 billion, $119.3 million … more than $3 billion, and more is on the way. The level of tax receipts is important for purposes of ongoing budget balance, and we are seeing positive numbers …
https://www.osc.ny.gov/press/releases/2014/09/dinapoli-states-cash-position-strongDiNapoli: 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 … report gathers data that could be used by state and city agencies to focus noise control efforts more effectively. The … and should be commended for taking steps to better enforce local law, but there is more that city agencies can do to …
https://www.osc.ny.gov/press/releases/2018/01/dinapoli-silencing-excessive-nyc-noise-major-challengeDiNapoli: The State May Have Your Money
… P. DiNapoli today urged New Yorkers to see if any of the $12.5 billion in lost and forgotten money currently being … accounts are unclaimed in New York, some dating back to the 1940s. An interactive map created by DiNapoli’s office shows the number of outstanding accounts and monetary values by …
https://www.osc.ny.gov/press/releases/2014/01/dinapoli-state-may-have-your-moneyDiNapoli: Better Oversight Needed for Youth Jobs Programs
… York State Comptroller Thomas P. DiNapoli today announced that an audit of the New York Youth Jobs Program found that the state agencies overseeing the program, including the … New York State Comptroller DiNapoli announced that an audit of the New York Youth Jobs Program found that …
https://www.osc.ny.gov/press/releases/2019/01/dinapoli-better-oversight-needed-youth-jobs-programsDiNapoli: Economic and Tax Collection Growth Slowing in New York City
… 2016 fiscal year on June 30 with an estimated surplus of $4 billion, but needs to be cautious with budgeting going … slowest of any year since 2010. The U.S. economy grew by 2.6 percent in 2015, but most economists expect growth to … FY 2017 budget is balanced, in large part thanks to the $4 billion surplus, the largest since FY 2008. Still, budget …
https://www.osc.ny.gov/press/releases/2016/08/dinapoli-economic-and-tax-collection-growth-slowing-new-york-cityOpinion 92-17
… This opinion represents the views of the Office of the State Comptroller at the time it was rendered. The … discussed in the opinion. SALES TAX -- Agreements (right of towns to receive share) TAX LAW, §1262(c): A sales tax … cities within the county pursuant must provide a portion of the county sales tax revenues not set aside for county or …
https://www.osc.ny.gov/legal-opinions/opinion-92-17DiNapoli: Local Governments Challenged by Slow Revenue Growth
… Many of New York’s local governments are coping with slow or no … in 2011, but ticked up at a higher rate in the last couple of years, when compared to counties, cities, towns, villages … from 3.6 percent to 1.8 percent in the first nine months of 2016 from the same period a year earlier. While revenue …
https://www.osc.ny.gov/press/releases/2017/01/dinapoli-local-governments-challenged-slow-revenue-growthPhysical Accessibility to Programs and Services (2025-MS-1)
… individual reports for the following municipalities: City of Auburn , Town of Babylon , City of Batavia , Town of Big Flats , Town of Brookhaven , Town of … one in four adults in the United States have some type of disability and more than one in 10 have a mobility …
https://www.osc.ny.gov/local-government/audits/city/2025/05/06/physical-accessibility-programs-and-services-2025-ms-1DiNapoli Releases Industry Sector Dashboards to Track NYC Economic Recovery
… securities, restaurant, retail, tourism, and the arts, entertainment and recreation sectors. The dashboards follow a … and trends identified by the most recent data: Arts, Entertainment and Recreation : Employment in the sector fell … a shift in demand for office space even as employment in this sector has rebounded from a low of 1.3 million jobs in …
https://www.osc.ny.gov/press/releases/2022/03/dinapoli-releases-industry-sector-dashboards-track-nyc-economic-recoveryDiNapoli: Local Sales Taxes Jump 49.2 Percent in Second Quarter
… from last year’s weak collections during the first wave of the COVID-19 pandemic, according to State Comptroller … surpassed collections reported during the second quarter of 2019, before the onset of the pandemic. “The strength of these collections, along … from last years weak collections during the first wave of the COVID19 pandemic according to State Comptroller …
https://www.osc.ny.gov/press/releases/2021/07/dinapoli-local-sales-taxes-jump-49-point-2-percent-second-quarterDiNapoli: Jobs in NYC Construction Industry Took Huge Hit During Pandemic, Over 14% Decline
… Spending is expected to remain relatively flat in the next two years. The American Rescue Plan from the Biden …
https://www.osc.ny.gov/press/releases/2021/06/dinapoli-jobs-nyc-construction-industry-took-huge-hit-during-pandemic-over-14-decline