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Opinion 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 Releases July Cash Report
… the first four months of the State’s fiscal year came in $17.7 million lower than the Division of the Budget’s … sources and the one-shot nature of billions of dollars in settlement proceeds, it is important to closely monitor … the same period last year, and collections of $4.7 billion in July were $361 million, or 8.4 percent, higher than …
https://www.osc.ny.gov/press/releases/2015/08/dinapoli-releases-july-cash-reportDiNapoli: 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-uncollectedComptroller DiNapoli and A.G. Schneiderman Announce Sentencing of Former City of Rensselaer Department of Public Works Commissioner on Felony Charges For Stealing Scrap Metal Proceeds
… (DPW) of the city of Rensselaer, for his role in teaming with two DPW employees to divert $46,000 from the city by … paid out in cash. In doing so, he could pocket some extra money without the bulk metal even appearing to have been … Yorkers can report allegations of fraud involving taxpayer money by calling the toll-free Fraud Hotline at …
https://www.osc.ny.gov/press/releases/2015/06/comptroller-dinapoli-and-ag-schneiderman-announce-sentencing-former-city-rensselaer-department-publicDiNapoli Releases Review of Executive Budget
… Although the state Division of the Budget (DOB) forecasts in the State … than $10 billion higher than initially expected, New York is on solid fiscal footing,” DiNapoli said. “However, the … oversight and accountability, including $1.6 billion in capital grants. The budget also eliminates the Comptroller’s …
https://www.osc.ny.gov/press/releases/2022/02/dinapoli-releases-review-executive-budgetDiNapoli Releases Report on Pre-Pandemic Migration Trends
… updated. Policymakers can utilize this data as a resource for evaluating the impacts of changing economic conditions … income tax is the single largest state revenue source for New York, accounting for two of every three tax dollars,” DiNapoli said. “New …
https://www.osc.ny.gov/press/releases/2022/05/dinapoli-releases-report-pre-pandemic-migration-trendsDiNapoli: Wall St. Profits Soared in First Half of 2020
… about 120 member firms, down from more than 200 before the Global Financial Crisis. First half profits in 2020 were …
https://www.osc.ny.gov/press/releases/2020/10/dinapoli-wall-st-profits-soared-first-half-2020DiNapoli: State Tax Revenues $3 Billion Below Last Year
… State tax receipts in November were higher than expected by the Division of the … York State Comptroller Thomas P. DiNapoli. Tax receipts in the month of November totaled $4.3 billion, $52.5 million … last year and $806.7 million higher than the projection in DOB’s State Fiscal Year 2021 Mid-Year Update, issued Oct. …
https://www.osc.ny.gov/press/releases/2020/12/dinapoli-state-tax-revenues-3-billion-below-last-yearComptroller DiNapoli and A.G. Schneiderman Announce Sentencing for Rensselaer DPW Employees Who Stole Scrap Metal Proceeds
… Works, for teaming with DPW Commissioner Thomas Capuano to divert $46,000 from the city by pocketing the cash from … as part of their jobs with the city. Foust pled guilty to Fourth Degree Grand Larceny and was sentenced to five years of probation. Clark pled guilty to Attempted …
https://www.osc.ny.gov/press/releases/2015/04/comptroller-dinapoli-and-ag-schneiderman-announce-sentencing-rensselaer-dpw-employees-who-stole-scrapOpinion 95-13
… or statutory amendments that bear on the issues discussed in the opinion. BONDS AND NOTES -- Proceeds (use of excess) … may be used for any lawful school district purpose, in lieu of using the proceeds to pay principal and interest … from the sale of bonds must be deposited and secured in a special account, may not be commingled with other funds …
https://www.osc.ny.gov/legal-opinions/opinion-95-13DiNapoli: Hate Crimes Surged in New York Over the Last Five Years
… crimes against transgender New Yorkers have risen by 140% (10 to 24). During the pandemic, anti-Asian hate crimes spiked …
https://www.osc.ny.gov/press/releases/2024/08/dinapoli-hate-crimes-surged-new-york-over-last-five-yearsNew York State Rent Relief Funding: Spotlight on New York City
… who suffered a loss of income that they may apply for an adjustment to their rental payment requirement from their …
https://www.osc.ny.gov/reports/osdc/new-york-state-rent-relief-funding-spotlight-new-york-cityDiNapoli: NYC Budget Faces Uncertainty Without More Federal Relief
… need to issue debt to pay for operations by leaning on one-time measures, but a prolonged period of economic weakness … which it expects to use to help balance the budget in FY 2022. However, payments deferred in FY 2021 will need to be paid in FY 2022, and are higher than the projected surplus. The city …
https://www.osc.ny.gov/press/releases/2020/12/dinapoli-nyc-budget-faces-uncertainty-without-more-federal-reliefDiNapoli High-Tech is on the Rise in NYC
… High-tech is one of the fastest growing industries in New York City, growing four times faster than the rate of job growth in the rest of the city’s economy, with annual salaries that … We’re proud that our Common Retirement Fund’s In-State Program has helped many new high-tech firms get off …
https://www.osc.ny.gov/press/releases/2014/04/dinapoli-high-tech-rise-nycOpinion 93-8
… Rate Obligations (propriety of including a provision to increase the interest rate due to change in law) LOCAL FINANCE LAW, §54.90: Variable rate bonds or notes issued pursuant to Local Finance Law, §54.90 may provide at the time of …
https://www.osc.ny.gov/legal-opinions/opinion-93-8Operational Advisory No. 33
… which was previously titled Shipping has been renamed to Shipping, Postage and Mail Services and should be used … Materials, Non-Personal Service budget account category to reflect the proper classification and treatment in the … used for the purchase of postage stamps. Reference: Guide to Financial Operations (GFO): Chapter IV.4.B Department …
https://www.osc.ny.gov/state-agencies/advisories/operational-advisory/33-gfo-updates-postageshipping-account-codesAccounts Payable Advisory No. 43
… changes were made. Particular attention should be paid to bolded items, as they represent the most significant … of Change X.3.A Online Vendor Add Portal Updated to include new requirements for adding vendors to SFS - primary contact email, classification, ordering …
https://www.osc.ny.gov/state-agencies/advisories/accounts-payable-advisory/43-gfo-updates-supplier-prompt-payment-interest-and-moreAccounts Payable Advisory No. 32
… Subject: Template for 1099 reporting SFS payments using a Single Payment Vendor ID … Bureau of State Expenditures (BSE) will produce and send 1099 Forms to vendors using regular vendor IDs and to the … In certain circumstances, BSE will also produce and send 1099 Forms to vendors and the IRS for reportable payments to …
https://www.osc.ny.gov/state-agencies/advisories/accounts-payable-advisory/32-1099-reporting-single-payments-non-sfs-paymentsContract Advisory No. 19
GoLive Guidance for Contracts Requiring OSC Review
https://www.osc.ny.gov/state-agencies/advisories/contract-advisory/19-go-live-guidance-contracts-requiring-osc-reviewDiNapoli Announces State Contract and Payment Actions for August 2016
… nearly 2 million payments worth nearly $8.3 billion in August. His office also rejected 177 contracts and related … Line at the SUNY Polytechnic Institute. Empire State Development Corporation $140.5 million to Fort Schuyler … complex. $2.6 million to the Buffalo Bills Inc. for game day operations and working capital. $750,000 to 43North, …
https://www.osc.ny.gov/press/releases/2016/09/dinapoli-announces-state-contract-and-payment-actions-august-2016