Search
DiNapoli Analysis Finds Worrisome, Uneven Economic Recovery Among NYC's Labor Force
… the state reached its February 2020 rate of 4% by October 2021. “New York City suffered heavy job losses from the shock … largest one year after the onset of the pandemic in March 2021 (69% in the city versus 43% in the nation), it is still … to pre-pandemic levels of labor force participation by 2021, while other groups have not yet fully returned. Major …
https://www.osc.ny.gov/press/releases/2022/05/dinapoli-analysis-finds-worrisome-uneven-economic-recovery-among-nycs-labor-forceSelected Management and Operations Practices
… vehicle initiatives and programs placed the Charge NY and Charge NY 2.0 charging stations in locations where the intent of …
https://www.osc.ny.gov/state-agencies/audits/2022/02/04/selected-management-and-operations-practicesNYS Common Retirement Fund Reports Third Quarter Results
… The New York State Common Retirement Fund’s (Fund) estimated … with an estimated value of $247.7 billion, according to New York State Comptroller Thomas P. DiNapoli. “Continued … and real assets (8.0 percent) and credit, absolute return strategies and opportunistic alternatives (5.2 percent). …
https://www.osc.ny.gov/press/releases/2021/02/nys-common-retirement-fund-reports-third-quarter-resultsNYS Common Retirement Fund Reports Second Quarter Results
… and real assets (8.5 percent) and credit, absolute return strategies and opportunistic alternatives (5.3 percent). …
https://www.osc.ny.gov/press/releases/2020/11/nys-common-retirement-fund-reports-second-quarter-resultsOvertime at State Agencies Reached All-Time High in 2020
… The total cost of overtime in 2020 at state agencies reached an all-time high at more … an upward trend over the last decade and spurred on by the COVID-19 pandemic, according to a report released … safe and get critical benefits.” Three agencies performed most of the overtime in 2020: The Office for People With …
https://www.osc.ny.gov/press/releases/2021/05/overtime-state-agencies-reached-all-time-high-2020DiNapoli: Former Town of Gardiner Employee Arrested for Pocketing Over $14,000 in Underserved Health Insurance Buyouts
… $14,000 in health care buyout payments he was not entitled to. “Mr. Fletcher allegedly deceived the Town to pocket over $14,000 in public funds," DiNapoli said. “Thanks to my office’s partnership with the New York State Police and …
https://www.osc.ny.gov/press/releases/2021/10/dinapoli-former-town-gardiner-employee-arrested-pocketing-over-14000-underserved-health-insuranceDiNapoli: Wall St. First Half Profits Jumped
… second half and leave 2019’s year-end profits a guessing game. Although the securities industry has not yet reported …
https://www.osc.ny.gov/press/releases/2019/10/dinapoli-wall-st-first-half-profits-jumpedDiNapoli Releases April State Cash Report
… in personal income tax (PIT) collections, according to the state cash report issued today by State Comptroller Thomas P. DiNapoli. "The fiscal year is off to a rocky start. Tax collections for the first month of the … economic conditions, taxpayers deferring income due to potential federal tax changes or other factors, but …
https://www.osc.ny.gov/press/releases/2017/05/dinapoli-releases-april-state-cash-reportDiNapoli: State Tax Collections Outperform Budget Division Projections for 2023-24
… Budget (DOB) in the most recent financial plan, according to the March State Cash Report released today by New York … $5.2 billion lower than the previous year, due, in part, to a decline in Personal Income Tax (PIT) receipts resulting … lower middle-class tax rates and lower payments related to tax year 2022 annual returns. “With an economy that …
https://www.osc.ny.gov/press/releases/2024/04/dinapoli-state-tax-collections-outperform-budget-division-projections-2023-24DiNapoli: NYC Budget Benefits From Stronger Economy
… budget gap and narrow the out-year budget gaps, according to an analysis of the city’s financial plan released today by … setback increases with each year,” DiNapoli said. “To his credit, Mayor de Blasio has taken steps to increase the city’s reserves, which would cushion the …
https://www.osc.ny.gov/press/releases/2015/03/dinapoli-nyc-budget-benefits-stronger-economyDiNapoli Releases October State Cash Report
… Total state receipts through the first seven months of the fiscal year totaled just under $85 … settlements. “The state’s short-term fiscal position is strong,” DiNapoli said. “Still, it’s important to keep in … These are easily accessible on his transparency website called Open Book New York ( www.openbooknewyork.com ). … …
https://www.osc.ny.gov/press/releases/2015/11/dinapoli-releases-october-state-cash-reportDiNapoli: NYC Contract Spending Rises $7 Billion Since FY 2019
… projects) has grown significantly in recent years, rising to $24.3 billion in fiscal year (FY) 2023, an increase of … operating spending growth in this period, according to a report released today by State Comptroller Thomas P. … budget," DiNapoli said. “This rise requires the city to provide additional detail on what is fueling spending …
https://www.osc.ny.gov/press/releases/2024/07/dinapoli-nyc-contract-spending-rises-7-billion-fy-2019DiNapoli: Town of Alexander Clerk Arrested for Allegedly Stealing Nearly $3,000 of Taxpayer Funds
… nearly $3,000 from the town and altering town records to cover her theft. “Ms. Tiede was entrusted to safeguard public finances but instead she allegedly abused her position to steal town funds and attempted to hide her crime,” …
https://www.osc.ny.gov/press/releases/2024/07/dinapoli-town-alexander-clerk-arrested-allegedly-stealing-nearly-3000-taxpayer-fundsState Agencies Bulletin No. 2301
… Board of Education Retirement System (NYCBERS) for the 2025 plan year is $20,958.00. Affected Employees: Tier 6 … Price Index on December 31 of the previous year. The 2025 OT limit is $20,958.00. Effective Dates: Effective for Institution paychecks beginning January 9, 2025. OSC Actions: OSC will update the OT limit in PayServ to …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2301-2025-tier-6-overtime-limit-new-york-city-retirement-systemsVillage of Montgomery – Audit Follow-Up (2021M-50-F)
… – pdf] Purpose of Review The purpose of our review was to assess the Village of Montgomery’s (Village’s) progress, … operations. The audit included six recommendations to help the Board and officials monitor and improve oversight … chief fiscal officer and responsible for the Village’s day-to-day financial activities, which include processing cash …
https://www.osc.ny.gov/local-government/audits/village/2025/04/04/village-montgomery-audit-follow-2021m-50-fDiNapoli: State Tax Collections Outperform Projections for State Fiscal Year 2024-25
… the SFY 2025-26 Executive Budget Financial Plan, according to the March State Cash Report released by New York State … (10.4%) higher than the previous year, due, in part, to increased personal income tax (PIT) receipts resulting … year collections. The increase was primarily attributable to stronger withholding and quarterly estimated tax payments …
https://www.osc.ny.gov/press/releases/2025/04/dinapoli-state-tax-collections-outperform-projections-state-fiscal-year-2024-25DiNapoli Releases State Cash Report
… according to the monthly state cash report issued today by New York State Comptroller Thomas P. DiNapoli. The General Fund … to: http://www.osc.state.ny.us/finance/cbr.htm DiNapoli's office issues a state cash report every month identifying …
https://www.osc.ny.gov/press/releases/2015/07/dinapoli-releases-state-cash-reportOpinion 92-17
… or statutory amendments that bear on the issues discussed in the opinion. SALES TAX -- Agreements (right of towns to … school district purposes shall be distributed to the towns in the county or whether such areas may be omitted entirely from the sales tax distribution scheme set forth in the agreement. Under subdivision (a) of Tax Law, §1262, a …
https://www.osc.ny.gov/legal-opinions/opinion-92-17DiNapoli Audit Finds Food Inspection Failures at NYC Homeless Shelters
… workers were tested for tuberculosis (TB), according to an audit released today by New York State Comptroller … were tested for TB. Three separate agencies are supposed to make sure that happens, but my auditors found that has not … responsible for inspecting homeless shelters in the city to ensure they meet certain standards. The New York City …
https://www.osc.ny.gov/press/releases/2018/10/dinapoli-audit-finds-food-inspection-failures-nyc-homeless-sheltersDiNapoli: Millions in NYC Transit Fines and Fees Uncollected
… for violations of NYC Transit rules such as fare evasion ($100), graffiti or scratchiti ($75) and littering ($50). It … date back to 1996. Summonses are kept on the books for 20 years as required by law. In the first nine months of … in uncollected fines and fees that had reached their 20-year limit. By the end of 2016, based on law and past …
https://www.osc.ny.gov/press/releases/2016/08/dinapoli-millions-nyc-transit-fines-and-fees-uncollected