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DiNapoli: New York City Projects Surplus in 2017 Despite Slower Tax Collections
… New York City projects a surplus of $439 million in the 2017 … New York State Comptroller Thomas P. DiNapoli. "The city’s economy is strong, but job growth and tax collections in … funding that may not materialize. HHC projects a cash balance of $116 million by June 30, enough to pay its bills …
https://www.osc.ny.gov/press/releases/2016/12/dinapoli-new-york-city-projects-surplus-2017-despite-slower-tax-collectionsDiNapoli: MTA Outlook Shows Growing Need for New Funding as Budget Gaps Widen
… is clearer. Gaps are forecast at $2.5 billion in 2025 and 2026 as spending outpaces inflation projections, but could be as high as $4.6 billion in 2026 if the MTA’s unspecified gap-closing program falls short … will reach a “new normal” of 1.3 billion trips in 2026, which is 23% fewer than 2019. To date, however, …
https://www.osc.ny.gov/press/releases/2022/10/dinapoli-mta-outlook-shows-growing-need-new-funding-budget-gaps-widenDiNapoli: NYC Remains on Solid Ground but Budget Risks Need to be Managed
… current fiscal year, ending on June 30, which will be used to balance the 2019 budget, according to a report issued … , or go to: http://osc.state.ny.us/osdc/rpt11-2018.pdf Find out how your government money is spent at Open Book New York . …
https://www.osc.ny.gov/press/releases/2018/03/dinapoli-nyc-remains-solid-ground-budget-risks-need-be-managedDiNapoli: State's Fiscal Outlook Declines
… in recurring spending, according to a report by State Comptroller Thomas P. DiNapoli. “The state’s fiscal outlook …
https://www.osc.ny.gov/press/releases/2023/07/dinapoli-states-fiscal-outlook-declinesDiNapoli: State Tax Revenues Down $767 Million in May
… Thomas P. DiNapoli. “With an economy still suffocated by a global pandemic, the state’s finances took another serious … the economy, it’s critical that Washington act on our call for more federal aid.” Other items of note in the report: … The Department of Education made $4 billion in general aid payments to school districts. The General Fund ended the …
https://www.osc.ny.gov/press/releases/2020/06/dinapoli-state-tax-revenues-down-767-million-mayDiNapoli Releases Analysis of Executive Budget
… The $168.2 billion State Fiscal Year (SFY) 2018-19 Executive … to bypass the independent oversight of public dollars. All Funds tax receipts are projected at $77.4 billion in SFY … coming year, DiNapoli said. DiNapoli's report notes that All Funds spending in the coming fiscal year is projected at …
https://www.osc.ny.gov/press/releases/2018/02/dinapoli-releases-analysis-executive-budgetDiNapoli and William Glasgall Op-Ed
… federal government sent an unprecedented amount of money to states and localities to blunt the impact of lockdowns and … and others are now asking very important questions: How have these funds been used? How do state and local finances look in the aftermath of the …
https://www.osc.ny.gov/press/releases/2023/08/dinapoli-and-william-glasgall-op-edDiNapoli: Farms Generate $4.8 Billion for New York's Economy
… New York state's farms generated $4.8 billion in revenue, with 15 agricultural products ranked in the top five nationwide, according to a report released … and grapes. The report found New York's U.S. rankings rose in 2017 compared to 2011 in milk, snap beans and maple syrup. …
https://www.osc.ny.gov/press/releases/2018/09/dinapoli-farms-generate-48-billion-new-yorks-economyDiNapoli Op-Ed in the NY Daily News Cautions NYC Leaders to Prepare for Challenging Fiscal Times Ahead
… the city took emergency steps to cut costs and maintain cash levels so it could deliver basic services, leveraging … well over pre-pandemic projections when state and federal assistance are included. Budget gaps facing the city … anticipated, to stay prepared for when revenues drop or cash is needed suddenly in response to the next unexpected …
https://www.osc.ny.gov/press/releases/2021/09/dinapoli-op-ed-ny-daily-news-cautions-nyc-leaders-prepare-challenging-fiscal-times-aheadControls and Management of the Unemployment Insurance System (Follow-Up)
… of the Unemployment Insurance System (Report 2021-S-3 ). About the Program One of the Department of Labor’s … that the estimated fraud and improper payment rates for New York’s UI program have fallen since the height of the …
https://www.osc.ny.gov/state-agencies/audits/2024/06/17/controls-and-management-unemployment-insurance-system-followState Comptroller DiNapoli Releases School Audits
… with the district’s procurement policy and found that 16 of these purchases were purchased using state and county … property taxes and appropriated fund balance totaling $16 million and reserves totaling $258,440 that were not … appropriated fund balance totaling $4.5 million for 2015-16. In addition, the district had two reserves totaling $2.6 …
https://www.osc.ny.gov/press/releases/2016/08/state-comptroller-dinapoli-releases-school-audits-2Controls and Management of the Unemployment Insurance System
… and connect jobless workers to jobs. One of its key tasks in assisting the unemployed is administering the State’s … law) and meet other eligibility requirements of State law. In March 2020, Executive Order 202.8 – New York State on … businesses statewide to mitigate the spread of COVID-19. In addition, the Coronavirus Aid, Relief, and Economic …
https://www.osc.ny.gov/state-agencies/audits/2022/11/15/controls-and-management-unemployment-insurance-systemDiNapoli: NYC Faces Unprecedented Fiscal and Economic Challenges
… need to make hard choices to ensure budget balance in the current fiscal year and to close next year’s budget gap.” … start of the fiscal year. Despite a balanced budget in the current fiscal year, the city projects a budget gap of … Comptroller has quantified risks of $1.8 billion in the current fiscal year and more than $2.3 billion in subsequent …
https://www.osc.ny.gov/press/releases/2020/08/dinapoli-nyc-faces-unprecedented-fiscal-and-economic-challengesCity of Yonkers – Budget Review (B22-6-5)
… for charter school payments and amend it as necessary. … New York Office of the State Comptroller City of Yonkers …
https://www.osc.ny.gov/local-government/audits/city/2022/05/16/city-yonkers-budget-review-b22-6-5State Comptroller Thomas P. DiNapoli Statement on New York City's Executive Budget
… “New York City’s $98.6 billion executive budget for FY 2022 and its financial plan for FY 2022–FY 2025 reflect a drastically improved short-term budget …
https://www.osc.ny.gov/press/releases/2021/04/state-comptroller-thomas-p-dinapoli-statement-new-york-citys-executive-budgetMedicaid Program – Managed Care Organizations: Payments to Ineligible Providers
… provides a wide range of medical services to those who are economically disadvantaged and/or have special health … or termination from the Medicaid program. Providers that are excluded or terminated from Medicaid are no longer eligible to receive payments from MCOs for …
https://www.osc.ny.gov/state-agencies/audits/2018/02/26/medicaid-program-managed-care-organizations-payments-ineligible-providersCost Saving Opportunities on Payments of Medicare Part C Claims (Follow-Up)
… in our initial audit report, Cost Saving Opportunities on Payments of Medicare Part C Claims (Report 2020-S-65 ). … (CMS) allows state Medicaid programs to determine the payment methodology used for Part C cost-sharing liabilities. … The initial audit found that New York’s current Medicaid payment rules for Medicare Part C cost-sharing liabilities …
https://www.osc.ny.gov/state-agencies/audits/2022/09/08/cost-saving-opportunities-payments-medicare-part-c-claims-followState Comptroller DiNapoli Releases School Audits
… , Hamilton Central School District , Hawthorne Cedar Knolls Union Free School District , Katonah-Lewisboro Union … lunch fund owed the general fund $168,000. Hawthorne Cedar Knolls Union Free School District – Internal Controls Over …
https://www.osc.ny.gov/press/releases/2016/07/state-comptroller-dinapoli-releases-school-auditsDiNapoli: New Yorkers Foot the Bill for Billions in Public Authority Spending and Debt
… in spending in their latest annual filings, according to a report released today by State Comptroller Thomas P. … foot the bill. These shadow governments are responsible for the bulk of our hefty debt burden and are used to provide … to the same independent review, oversight and reporting requirements as state agencies. The Comptroller’s audits of …
https://www.osc.ny.gov/press/releases/2014/12/dinapoli-new-yorkers-foot-bill-billions-public-authority-spending-and-debtDiNapoli: Trouble Ahead for Local Governments and Schools
… (AIM) payments to 12 cities and 20 percent of June Video Lottery Terminal (VLT) aid payments to 15 counties, …
https://www.osc.ny.gov/press/releases/2020/07/dinapoli-trouble-ahead-local-governments-and-schools