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Village of Monticello – Budget Review (B4-14-15)
… are reasonable. The tentative budget does not include a tax overlay. The Village does not have adequate records to … settlements. The proposed budget complies with the tax levy limit. Key Recommendations Include a tax overlay in the budget they adopt. Determine the …
https://www.osc.ny.gov/local-government/audits/village/2014/06/27/village-monticello-budget-review-b4-14-15Fabius-Pompey Central School District – Budget Review (B3-14-5)
… Purpose of Audit The purpose of our budget review was to determine whether the significant revenue and expenditure … in Onondaga County, issued debt totaling $1.5 million to liquidate the accumulated deficit in the District’s … requires all local governments that have been authorized to issue obligations to fund operating deficits to submit …
https://www.osc.ny.gov/local-government/audits/school-district/2014/04/08/fabius-pompey-central-school-district-budget-review-b3-14-5State Agencies Bulletin No. 346
… the procedure for the annual review of employees who claim to be exempt from Federal and State withholding. … require anyone claiming Federal tax-exempt status to file a new W-4 by February 15 each year. New York State Department …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/346-claiming-exempt-federal-and-state-withholdingGlenham Fire District – Cash Disbursements (2016M-380)
… distinct and separate from the Town of Glenham in Dutchess County. It is governed by an elected five-member Board of …
https://www.osc.ny.gov/local-government/audits/fire-district/2017/02/03/glenham-fire-district-cash-disbursements-2016m-380Opinion 90-39
… at large, without particular benefit to those required to pay. Further, in other jurisdictions, charges for fire …
https://www.osc.ny.gov/legal-opinions/opinion-90-39State Agencies Bulletin No. 932
… vehicle is subject to income and Social Security/Medicare taxes and must be reported as income on the Form W-2 … income taxes. However, State, local and Social Security/Medicare taxes will be withheld. While OSC cannot withhold … and assess a tax deficiency for the Social Security and Medicare taxes. The amount of the taxable value is not …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/932-reporting-taxable-value-personal-use-employer-provided-vehicles-andState Agencies Bulletin No. 1018
… vehicle is subject to income and Social Security/Medicare taxes and must be reported as income on the Form W-2 … income taxes. However, State, Local and Social Security/Medicare taxes will be withheld. While OSC cannot withhold … and assess a tax deficiency for the Social Security and Medicare taxes. The amount of the taxable value is not …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1018-reporting-taxable-value-personal-use-employer-provided-vehicles-andState Agencies Bulletin No. 1194
… of employer-provided vehicles and chauffeur services for tax year 2012. Affected Employees Employees with … agencies, to ensure the appropriate taxes are withheld for tax year 2012. Failure to meet the deadlines may result in negative tax consequences for the employee. If an agency is unable to …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1194-reporting-taxable-value-personal-use-employer-provided-vehicles-andState Agencies Bulletin No. 1098
… of employer-provided vehicles and chauffeur services for tax year 2011. Affected Employees Employees with … agencies to ensure the appropriate taxes are withheld for tax year 2011. Failure to meet the deadlines may result in negative tax consequences for the employee. If an agency is unable to …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1098-reporting-taxable-value-personal-use-employer-provided-vehicles-andDiNapoli: Wall Street's 2024 First Half Profits of $23.2B Were 79.3% Higher Than Last Year
… spurred by interest income on transactions, due to federal fund rate increases. The gains were offset, however, by …
https://www.osc.ny.gov/press/releases/2024/10/dinapoli-wall-streets-2024-first-half-profits-232b-were-793-higher-last-yearDiNapoli Releases Mid-Year State Cash Report and Review
… State tax collections of $34.2 billion through the first half of … cash position continues to improve,” DiNapoli said. “Tax collections are outpacing projections and settlement … to last year, largely due to one-time settlement revenues. Tax collections declined 0.6 percent year-over-year, or …
https://www.osc.ny.gov/press/releases/2014/10/dinapoli-releases-mid-year-state-cash-report-and-reviewCity of Yonkers – Budget Review (B18-6-6)
… Revenue estimates for metered water sales and income tax surcharge may not be achievable. The City will incur … additional debt and interest costs by bonding the cost of tax certiorari claims instead of financing them through the … the revenue estimates for metered water sales and income tax surcharge, and amend as necessary. Consider adjusting the …
https://www.osc.ny.gov/local-government/audits/city/2018/05/18/city-yonkers-budget-review-b18-6-6State Agencies Bulletin No. 837
… (Box 1) is not to be adjusted. Social Security and Medicare Wages (Boxes 3 and 5) will be decreased to reflect … Wages Box 4 – Social Security Tax Withheld Box 5 – Medicare Wages Box 6 – Medicare Tax Withheld The Form W-2c will be mailed to the …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/837-change-processing-form-w-2c-corrected-wage-and-tax-statement-andCity of Long Beach – Budget Review (B21-7-6)
… in future budgets. The City's proposed budget includes a tax levy of $50.5 million, which is $3 million above the legal limit, unless the City Council overrides the tax levy limit. The proposed budget includes a 4 percent … Be mindful of the legal requirement to maintain the tax levy increase within the legal tax levy limit, or …
https://www.osc.ny.gov/local-government/audits/city/2021/05/12/city-long-beach-budget-review-b21-7-6State Agencies Bulletin No. 1890
… Purpose The purpose of this bulletin is to inform agencies of the content information for the 2020 Form W-2. Affected Employees All employees who … for calendar year 2020 are affected. Background According to IRS Publication 5, (Circular E) for 2020, and the …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1890-form-w-2-wage-and-tax-statement-calendar-year-2020DiNapoli Releases Report on 30-Day State Budget Amendments
… Amendments to the proposed state budget appropriately lower tax collection estimates in the Financial Plan for state … of teachers and principals, a proposed education tax credit program, extension of tuition assistance to … Budget. These adjustments primarily address a shortfall in tax revenues relative to the most recent projections, …
https://www.osc.ny.gov/press/releases/2015/03/dinapoli-releases-report-30-day-state-budget-amendmentsState Comptroller DiNapoli Statement on New York City Budget & Financial Plan
… Eliminate the Gap (PEG) may generate nearly $2 billion in savings in FY 2022 and FY 2023. The majority of savings come from operational spending and significant … a $500 million annual risk from unidentified labor savings starting FY 2023 which will allow it to focus on …
https://www.osc.ny.gov/press/releases/2022/02/state-comptroller-dinapoli-statement-new-york-city-budget-financial-planComptroller DiNapoli Releases Municipal Audits
… P. DiNapoli today announced his office completed audits of the Glens Falls Housing Authority , Town of Groveland , Town … Glens Falls Housing Authority – Tenant Rents (Warren County) Duties for processing tenant rents were not … – Financial Records and Reports and Sales Tax Revenues (Saratoga County) The town comptroller has not provided the …
https://www.osc.ny.gov/press/releases/2015/04/comptroller-dinapoli-releases-municipal-auditsState Agencies Bulletin No. 1760
… the following Statewide Financial System chart field. SFS Business Unit Dept. Value Program Value Fund Value Acct Code …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1760-2019-work-related-clothing-allowance-asu-employees-title-racingDiNapoli Releases August State Cash Report
… State tax collections through August dropped by $898 million, or 3 … today by State Comptroller Thomas P. DiNapoli. While tax collections for the first five months of the fiscal year … is primarily due to lower than expected personal income tax (PIT) collections, which were $105 million below updated …
https://www.osc.ny.gov/press/releases/2016/09/dinapoli-releases-august-state-cash-report