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DiNapoli: State Tax Receipts Higher Than Updated Projections Through the First Half of the Year
… DOB projections. The State’s General Fund ended September with a balance of $48 billion, $3 billion higher than DOB …
https://www.osc.ny.gov/press/releases/2023/10/dinapoli-state-tax-receipts-higher-updated-projections-through-first-half-yearDiNapoli Releases Bond Calendar for First Quarter
… –a bond sale of approximately $18.9 million of fixed rate tax-exempt bonds for January; a bond sale of approximately $57 million of fixed rate taxable and tax-exempt bonds for February; and a bond sale of approximately $5.6 million of fixed rate tax-exempt bonds for March. Metropolitan Transportation …
https://www.osc.ny.gov/press/releases/2014/01/dinapoli-releases-bond-calendar-first-quarterDiNapoli Releases Bond Calendar for First Quarter
… Comptroller Thomas P. DiNapoli today announced a tentative schedule for the planned sale of obligations for the state, … and the Triborough Bridge & Tunnel Authority. The schedule will be modified and updated in response to changes … execution of all project approvals required by law. The schedule is released by the Securities Coordinating Committee …
https://www.osc.ny.gov/press/releases/2015/01/dinapoli-releases-bond-calendar-first-quarterDiNapoli: State Agency Overtime Costs Decreased 11.6% in 2023, First Decline Since 2016
… overtime costs in 2023 were $1.2 billion, down 11.6% from 2022, marking the first decrease in total overtime earnings since 2016, according to a report by State Comptroller Thomas P. DiNapoli. The … pandemic and an overall increase in the size of the state workforce for the first time since 2019, growing by 2.5% in …
https://www.osc.ny.gov/press/releases/2024/06/dinapoli-state-agency-overtime-costs-decreased-116-2023-first-decline-2016NYS Common Retirement Fund Reports Third Quarter Results
… estate and real assets (8.52%) and credit, absolute return strategies and opportunistic alternatives (5.37%). DiNapoli … The Fund has consistently been ranked as one of the best managed and best funded plans in the nation. The Fund's fiscal year ends …
https://www.osc.ny.gov/press/releases/2022/02/nys-common-retirement-fund-reports-third-quarter-resultsTaxes – 2023 Financial Condition Report
… market volatility during 2022 which resulted in a 26 percent decline in securities industry bonuses as well as … members of the business. PTET collections totaled $14.9 billion in SFY 2022-23, a decline of 9 percent Members of … billion in credits were claimed in returns filed for the 2021 tax year. The State Budget Relies Heavily on the …
https://www.osc.ny.gov/reports/finance/2023-fcr/taxesComptroller DiNapoli Releases Municipal Audits
… and the Seneca County Industrial Development Agency . “In today’s fiscal climate, budget transparency and … (Albany County) The water fund balance continues to be in a deficit position, reaching $907,000 as of May 31, 2015. … did not review purchases made using town credit cards. In addition, town justices did not perform monthly …
https://www.osc.ny.gov/press/releases/2016/01/comptroller-dinapoli-releases-municipal-auditsState Agencies Bulletin No. 2159.1
… use of an employer-provided vehicle and chauffeur services in the New York State Payroll System (PayServ) for tax year … Fringe Benefits are taxable income that must be included in the employee’s taxable gross wages. This income is … Regulations. Agencies should have an established process in place requiring employees to substantiate their business …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/21591-procedures-reporting-taxable-value-personal-use-employer-providedState Agencies Bulletin No. 2159
… use of an employer-provided vehicle and chauffeur services in the New York State Payroll System (PayServ) for tax year … Fringe Benefits are taxable income that must be included in the employee’s taxable gross wages. This income is … Regulations. Agencies should have an established process in place requiring employees to substantiate their business …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2159-procedures-reporting-taxable-value-personal-use-employer-providedState Agencies Bulletin No. 2059
… chauffeur services for the period November 1, 2021, through October 31, 2022, as income on the employee’s … (for dates beginning after December 31, 2017, and before January 1, 2026), the maximum fair market value of a vehicle … for tax year 2022. Failure to meet the deadlines may result in negative tax consequences for the employee. If an …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2059-procedures-reporting-taxable-value-personal-use-employer-providedState Agencies Bulletin No. 2271
… (PayServ) for tax year 2024. Affected Employees: Employees with employer-provided vehicles and/or chauffeurs are … to provide the Office of the State Comptroller (OSC) with the value of the personal use of employer-provided … vehicles and chauffeur services to ensure compliance with IRS Rules and Regulations. Agencies should have an …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2271-procedures-reporting-taxable-value-personal-use-employer-providedNYS Common Retirement Fund Reports Second Quarter Results
… estate and real assets (8.9 percent) and absolute return strategies and opportunistic alternatives (3.6 percent). The …
https://www.osc.ny.gov/press/releases/2019/11/nys-common-retirement-fund-reports-second-quarter-resultsResidential Real Estate in NYC: Rising Tax Bills During COVID Fuel Disparities
New York City’s residential real estate market has proven resilient to the COVID-19 pandemic recession, with family homes seeing significant growth in value as people sought larger spaces amid limited supply.
https://www.osc.ny.gov/files/reports/osdc/pdf/residential-real-estate-in-nyc.pdfRecent Trends and Impact of COVID-19 in the Bronx
… June 2021 PDF Version En Español Highlights Population in the … (30.8 percent) and to single-entity businesses (19.9 percent) than in any other borough. Feeding America … 2020 2021 Borough Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr Bronx 17.6 20.4 28.4 33.5 34.5 39.8 40.8 39.9 …
https://www.osc.ny.gov/reports/osdc/recent-trends-and-impact-covid-19-bronxCentral 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.pdfImproper Medicaid Payments for Terminated Drugs (Follow-Up)
… be removed from the market (i.e., terminated) for safety or commercial reasons. To ensure terminated drugs will not be dispensed or paid for, CMS requires state Medicaid programs to reject … as either the expiration date of the final batch produced or the date the drug was recalled for health and safety …
https://www.osc.ny.gov/state-agencies/audits/2022/09/08/improper-medicaid-payments-terminated-drugs-followNew Yorkers in Need: The Housing Insecurity Crisis
… tend to be less affluent than homeowners, and renters earning less than the median tend to be most burdened: while … national average, spiking in 2002 and 2009 after the dot-com and Great Recessions. State and federal moratoriums on … 2009, but have generally declined steadily since the dot-com recession. In 2018, New York had the 10th highest …
https://www.osc.ny.gov/reports/new-yorkers-need-housing-insecurity-crisisOpinion 91-32
… by the county that its activities in connection with the landfill may cause it to have liability to adjacent … been noted that: When a public agency has so interfered with property that the owner can no longer enjoy its use, … damages to an injured party where an entry [sic] cloaked with the powers of eminent domain has so interfered with the …
https://www.osc.ny.gov/legal-opinions/opinion-91-32NYS Common Retirement Fund Announces First Quarter Results
… said. "As a long term investor, the fund's performance is best measured by its success over a period of years if not … (7.7 percent), real estate (6.5 percent), absolute return strategies (2.8 percent) and opportunistic alternatives and … The Fund has consistently been ranked as one of the best managed and best funded plans in the nation. The Fund's …
https://www.osc.ny.gov/press/releases/2017/08/nys-common-retirement-fund-announces-first-quarter-resultsDiNapoli: The South Bronx Sees Economic Growth Despite Pandemic Challenges
… on this issue, and I look forward to continuing to work with him to provide a better quality of life for all South … this is the floor and not the ceiling. In partnership with our Bronx Economic Development Corporation, colleagues … the worst of the pandemic, providing the New York region with an uninterrupted supply of fresh fruit and vegetables …
https://www.osc.ny.gov/press/releases/2023/11/dinapoli-south-bronx-sees-economic-growth-despite-pandemic-challenges