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DiNapoli: State Pension Fund Reaches Record High of $176.2 Billion
New York State Comptroller Thomas P DiNapoli announced today an estimated 1302 percent rate of return for the New York State Common Retirement Fund Fund now valued at an estimated $1762 billion the highest amount ever for fiscal year ending March 31 2014
https://www.osc.ny.gov/press/releases/2014/05/dinapoli-state-pension-fund-reaches-record-high-1762-billionCity of Newburgh – Budget Review (B24-6-9)
… factor,” a budgeting technique used by the City to account for open personnel positions. The use of a “vacancy factor” may … million, which is $115,087 from exceeding the tax levy limit. Key Recommendations Develop a plan to maintain fund …
https://www.osc.ny.gov/local-government/audits/city/2024/11/15/city-newburgh-budget-review-b24-6-9Oversight of Career and Technical Education Programs in New York State Schools (2019-S-29)
To determine whether current State Education Department (Department) career and technical education activities are sufficient to meet high-demand, high-growth, and high-salary job market needs; and what the Department, school districts, and Boards of Cooperative Educational Services can do to ...
https://www.osc.ny.gov/files/state-agencies/audits/pdf/sga-2021-19s29.pdfFrequently Asked Questions – Understanding Your Responsibilities: Elected & Appointed Officials
… I’ve never been asked to keep a record of activities (ROA) before. Was I supposed to? When do I have to submit my ROA to the clerk of the governing … our Pension Integrity Bureau if you are unsure about how to correctly comply with this regulation. I am a tax …
https://www.osc.ny.gov/retirement/members/ea-officials/frequently-asked-questionsState Agencies Bulletin No. 2239
… Adjusted Hire Date: OSC has developed an ORP/VDC Breaks Calculator and comprehensive ORP/VDC Breaks in Service Job … agencies with the breaks in service calculation. The calculator should be used by agencies when calculating breaks … Job Aid contains step-by-step instructions for using the calculator and submitting the results to OSC for review. Both …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2239-calculating-projected-366-day-completion-date-andor-projected-7-yearOpinion 91-61
… issues discussed in the opinion. FEES -- Bail Moneys (1% fee to fund an approved county alternatives to incarceration service plan) BAIL MONEYS -- Fees (1% fee to fund an approved county alternatives to incarceration … EXECUTIVE LAW, §261; GENERAL MUNICIPAL LAW, §99-m: The 1% fee on bail deposits imposed by General Municipal Law, §99-m, …
https://www.osc.ny.gov/legal-opinions/opinion-91-61DiNapoli: MTA's Plan to Pull Trash Cans Didn't Make Stations Cleaner
… the Metropolitan Transportation Authority's controversial, and seemingly counterintuitive, experiment to reduce exposed trash and rats in subway stations by getting rid of trash … that removing garbage cans from subway stations saved work and possibly some money for the MTA," DiNapoli said. "It's …
https://www.osc.ny.gov/press/releases/2015/09/dinapoli-mtas-plan-pull-trash-cans-didnt-make-stations-cleanerHousing Trust Fund Corporation – Oversight of the Rural Rental Assistance Program
… for which they receive RRAP payments, and whether the Housing Trust Fund Corporation (HTFC) is engaging in adequate outreach … Program, and include corporations, non-profits, and local housing authorities. HTFC provides the direct rental … units for which they receive RRAP payments and whether the Housing Trust Fund Corporation HTFC is engaging in adequate …
https://www.osc.ny.gov/state-agencies/audits/2024/12/20/housing-trust-fund-corporation-oversight-rural-rental-assistance-programWestchester Attorney Pleads Guilty to Mail Fraud for Attempting to Embezzle From a Decedent's Estate for Which He Was Court-Appointed Administrator
… property location service in exchange for a fee of 15 percent of the value of the estate’s assets held by the … that he had worked with Stokes in the past. Parisi, 71, of Rye, New York, pled guilty to one count of mail fraud, …
https://www.osc.ny.gov/press/releases/2019/01/westchester-attorney-pleads-guilty-mail-fraud-attempting-embezzle-decedents-estate-which-he-was-courtOversight of Select High-Technology Projects
… employment goals. The audit covered the period January 1, 2013 through April 30, 2019. About the Program ESD is the … economic development programs and has approved billions of dollars in investments since 2013 intended to stimulate job … to create jobs and spur economic growth) and $477.5 million for NYSTAR, ESD’s Division of Science, Technology and …
https://www.osc.ny.gov/state-agencies/audits/2020/08/21/oversight-select-high-technology-projectsChurchville-Chili Central School District – Procurement (2025M-18)
… Whether using formal competitive bids in accordance with New York State General Municipal Law (GML), requests for proposals, or …
https://www.osc.ny.gov/local-government/audits/school-district/2025/06/20/churchville-chili-central-school-district-procurement-2025m-18Opinion 88-61
… Property Tax Law, §925 governs the payment of taxes by mail and provides, in pertinent part, that taxes paid by mail shall, upon delivery, be deemed to have been made on the … period, but the taxpayer produced a receipt for certified mail stamped with the date which was the last day for the …
https://www.osc.ny.gov/legal-opinions/opinion-88-61Opinion 2000-16
… (beneficiaries under group life insurance policy); (meaning of "family" as used in special acts); (use of tax … and their families, and uses such monies to purchase a group life insurance policy for the members of the … the word "families" as including persons not related to a member of the association by blood, marriage or adoption, …
https://www.osc.ny.gov/legal-opinions/opinion-2000-16Social Media Use Policy
… Comptroller (OSC) manages multiple social media sites to keep New Yorkers informed about the work of the agency. … accountability and increases the understanding of how taxpayer dollars are spent. The opinions and beliefs … sites that maintain their own terms of service, terms of use, privacy policies or other rules (“TOS”) governing the …
https://www.osc.ny.gov/help/social-media-use-policyXII.4.E Electronic Invoicing – XII. Expenditures
… agencies with the ability to receive electronic invoices (e-invoices) from vendors. The SFS enables all vendors with a … to online agencies about identifying and processing e-invoices in the SFS. Electronic Invoice Sources SECTION … module. Vendors will have the ability to attach supporting documents (up to two megabytes per attachment) to the …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xii/xii4e-electronic-invoicingCost-of-Living Adjustment
… A Cost-of-Living Adjustment (COLA) is a permanent annual increase to your pension to help offset the impact of … Once you are eligible , you automatically receive a COLA increase each September. How COLA is Determined In … or more than 3 percent annually. This Year’s COLA Increase The COLA for September 2025 through August 2026 is …
https://www.osc.ny.gov/retirement/retirees/cost-living-adjustmentDiNapoli: Former Hannibal Fire Chief and Father Indicted for Allegedly Stealing Go-Kart Proceeds
… and his father Carl Emmons Sr., a volunteer firefighter, for allegedly stealing a total of nearly $14,500 from the … DiNapoli said. “They will now be held accountable for their actions. My thanks to District Attorney DiMartino and the State Police for their partnership in ensuring justice will be served.” …
https://www.osc.ny.gov/press/releases/2024/07/dinapoli-former-hannibal-fire-chief-and-father-indicted-allegedly-stealing-go-kart-proceedsState Agencies Bulletin No. 1016.1
… is to continue to maintain up-to-date employee addresses in the PayServ system and remind agencies of existing tools … such critical tasks as direct employee contact, mailing of Form W-2 statements, mailing of paycheck and direct deposit … provide an address list from PayServ containing the home, mail and check address as recorded in PayServ to be matched …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/10161-maintaining-date-employee-addresses-payserv-systemFund's Mission, Values and Investment Philosophy
… Our Mission To provide our beneficiaries with a secure pension through prudent asset management. Our Vision … intervals through a rigorous process to reflect changing market conditions and long-term views and is subject to a … however, that we should retain flexibility to react to new information and alter the Fund’s portfolios within asset …
https://www.osc.ny.gov/common-retirement-fund/funds-mission-values-and-investment-philosophyRevenue Enhancement Ideas: Cash Management for Local Governments and School Districts
… disbursements. Review monthly analysis reports from the bank, along with monthly account reconciliations. … allowable by law. Accelerate Collection and Depositing of Receipts Increasing the frequency of the collection and … moneys must be deposited and invested in accordance with New York State statutes. A number of federal laws also …
https://www.osc.ny.gov/local-government/publications/revenue-enhancement-ideas-cash-management-local-governments-and-school-districts