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DiNapoli: NYC Remains on Solid Ground but Budget Risks Need to be Managed
… the 2019 budget, according to a report issued today by State Comptroller Thomas P. DiNapoli. "New York City’s finances look to be on solid ground, with a strong economy, a balanced budget and … to slow for the fourth consecutive year as the labor market tightens. The city projects budget gaps of $2.2 …
https://www.osc.ny.gov/press/releases/2018/03/dinapoli-nyc-remains-solid-ground-budget-risks-need-be-managedState Agencies Bulletin No. 2159.1
… the taxable value of personal use of an employer-provided vehicle and chauffeur services in the New York State Payroll System (PayServ) for tax year 2023. … Value of Personal Use (AC 3173) to OSC before January 3rd, 2024. Form AC3173, approved by OSC, is the only acceptable …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/21591-procedures-reporting-taxable-value-personal-use-employer-providedState Agencies Bulletin No. 2159
… are fringe benefits. Per the Internal Revenue Service (IRS) Rules and Regulations, most Fringe Benefits are taxable … employee’s taxable gross wages. This income is reportable on the employee’s Form W-2 and is subject to income and …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2159-procedures-reporting-taxable-value-personal-use-employer-providedState Agencies Bulletin No. 2059
… are fringe benefits. Per the Internal Revenue Service (IRS) Rules and Regulations, most Fringe Benefits are taxable … employee’s taxable gross wages. This income is reportable on the employee’s Form W-2 and is subject to income and …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2059-procedures-reporting-taxable-value-personal-use-employer-providedState Agencies Bulletin No. 2271
… Purpose: The purpose of this bulletin is to inform agencies of the procedures and … the taxable value of personal use of an employer-provided vehicle and chauffeur services in the New York State Payroll System (PayServ) for tax year 2024. Affected Employees: Employees with employer-provided …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2271-procedures-reporting-taxable-value-personal-use-employer-providedState Agencies Bulletin No. 2366
… the New York State Payroll System (PayServ) for tax year 2025. Affected Employees: Employees with employer-provided … to the Tax Cuts and Jobs Act (for dates beginning after December 31, 2017, and before January 1, 2026), the maximum … Value of Personal Use (AC 3173) to OSC before January 3rd, 2026. Form AC3173, approved by OSC, is the only …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2366-procedures-reporting-taxable-value-personal-use-employer-providedCentral New York Regional Market Authority – Financial Condition (2024-18)
Determine whether the Central New York Regional Market Authority Board of Directors (Board) and officials effectively managed the Authority’s financial condition and planned for future capital and operational needs.
https://www.osc.ny.gov/files/local-government/audits/2024/pdf/central-new-york-regional-market-authority-2024-18.pdfXVI.4.A Cash and Investments – XVI. Financial Reporting
… Policy References: GASB Statement No. 40 – Deposit and Investment Risk Disclosures (an amendment of GASB … institutions. The State maintains approximately 3,000 bank accounts for various purposes at locations throughout …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xvi/xvi4a-cash-and-investmentsOpinion 91-32
… as a nuisance. In the event that claims against the OCRRA lie for operation of the facilities as a nuisance, OCRRA, … 640, 324 NYS2d 462), a claim for inverse condemnation may lie. For example, a county operation of a sewage treatment … out of the operation of a nuisance (see infra ) would lie against the county. Payments in settlement of a good …
https://www.osc.ny.gov/legal-opinions/opinion-91-32DiNapoli: State Tax Receipts Higher Than Updated Projections Through the First Half of the Year
… budget gaps.” Through the midyear, personal income tax (PIT) receipts totaled $26 billion and were $49 million below DOB’s updated financial plan projections. However, PIT receipts were $7.2 billion lower than the same period in … this year’s financial market volatility as well as how PIT credits were claimed in SFY 2022-23 under the …
https://www.osc.ny.gov/press/releases/2023/10/dinapoli-state-tax-receipts-higher-updated-projections-through-first-half-yearDiNapoli Releases Bond Calendar for the Third Quarter
… P. DiNapoli today announced a tentative schedule for the planned sale of obligations for the state, New York City, and their major … by the Office of the State Comptroller. The full calendar can be obtained at: …
https://www.osc.ny.gov/press/releases/2014/07/dinapoli-releases-bond-calendar-third-quarterTaxes – 2023 Financial Condition Report
… 1, 2023. The 5.1 percent increase in Consumption and Use Taxes was due, in part, to continued inflation partially … offset by the impact of the suspension of sales and excise taxes on motor fuel from June 1 to December 31, 2022. The … limit on federal itemized deductions for state and local taxes (SALT) by imposing a tax on the business entity …
https://www.osc.ny.gov/reports/finance/2023-fcr/taxesDiNapoli Releases Bond Calendar for First Quarter
… P. DiNapoli today announced a tentative schedule for the planned sale of obligations for the state, New York City and their major … Office of the State Comptroller. The full forward calendar can be obtained at: …
https://www.osc.ny.gov/press/releases/2014/01/dinapoli-releases-bond-calendar-first-quarterDiNapoli Releases Bond Calendar for First Quarter
… today announced a tentative schedule for the planned sale of obligations for the state, New York City, and their major … of New York – a bond sale of up to $13.5 million of fixed rate tax-exempt and taxable bonds for the month of January. … issuances it contains, many of which will be subject to approval by the State Comptroller's Office. The full forward …
https://www.osc.ny.gov/press/releases/2015/01/dinapoli-releases-bond-calendar-first-quarterNYS Common Retirement Fund Reports Third Quarter Results
… Retirement Fund is one of the largest public pension funds in the United States. The Fund holds and invests the … year ends March 31. … The New York State Common Retirement Funds Fund estimated return in the third quarter of the State …
https://www.osc.ny.gov/press/releases/2022/02/nys-common-retirement-fund-reports-third-quarter-resultsNYS Common Retirement Fund Reports Second Quarter Results
… 2019-20 was 1.16 percent for the three-month period ending Sept. 30, 2019, with an estimated value of $215.4 billion, … value as of March 31, 2019 was $210.5 billion. As of Sept. 30, 2019, the Fund had 38.1 percent of its assets …
https://www.osc.ny.gov/press/releases/2019/11/nys-common-retirement-fund-reports-second-quarter-resultsComptroller DiNapoli Releases Municipal Audits
… Court (Rensselaer County) Aggregated purchases for heating oil and diesel fuel were not competitively bid as required. …
https://www.osc.ny.gov/press/releases/2016/01/comptroller-dinapoli-releases-municipal-auditsDiNapoli: Wall Street Bonuses Slip From 2006 Record
… Average Wall Street bonuses in 2007 declined 4.7 percent from record levels in the prior year to $180,420 even though the credit … and key executives. Bonuses in 2007 will be dramatically lower for workers in mortgage-related businesses, but higher …
https://www.osc.ny.gov/press/releases/2008/01/dinapoli-wall-street-bonuses-slip-2006-recordImproper Medicaid Payments for Terminated Drugs (Follow-Up)
… level by the Centers for Medicare & Medicaid Services (CMS). The Medicaid program covers medically necessary … ensure terminated drugs will not be dispensed or paid for, CMS requires state Medicaid programs to reject these claims … was recalled for health and safety reasons). Pursuant to CMS guidelines, the Department maintains drug termination …
https://www.osc.ny.gov/state-agencies/audits/2022/09/08/improper-medicaid-payments-terminated-drugs-followDiNapoli: The South Bronx Sees Economic Growth Despite Pandemic Challenges
… The COVID-19 pandemic hit the South Bronx especially hard, … residents.” “The Comptroller`s report highlights exactly what we know to be true – that the Bronx is resilient and that our residents and small businesses are creating the blueprint for promoting economic growth and …
https://www.osc.ny.gov/press/releases/2023/11/dinapoli-south-bronx-sees-economic-growth-despite-pandemic-challenges