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DiNapoli: New York City Projects Surplus in 2017 Despite Slower Tax Collections
… de Blasio has prudently maintained the city’s reserves at historic levels, which will provide a cushion against any … for fiscal years 2019 and 2020 are essentially unchanged at $2.9 billion and $2.4 billion. While these are relatively … the growth in tax collections has slowed. Tax revenue grew at an average annual rate of 6.9 percent during fiscal years …
https://www.osc.ny.gov/press/releases/2016/12/dinapoli-new-york-city-projects-surplus-2017-despite-slower-tax-collectionsDiNapoli Releases School Audits
… – Financial Operations (Albany County) School officials do not have a means to determine whether the school received … appear to be reasonable, as the services being provided do not have any bearing on the number of students at the … 50,000 state contracts, visit http://www.openbooknewyork.com/ . The easy-to-use website was created by Comptroller …
https://www.osc.ny.gov/press/releases/2014/02/dinapoli-releases-school-auditsDiNapoli Releases October State Cash Report
… fiscal year.” Since the start of the fiscal year in April, All Funds receipts reached $85.1 billion, an increase of … $267.8 million and Mid-Year projections by $246.8 million. All Funds spending reached $83.6 billion through the first … The cash report focuses primarily on the General Fund and All Governmental Funds. The General Fund is the major …
https://www.osc.ny.gov/press/releases/2016/11/dinapoli-releases-october-state-cash-reportDiNapoli: 14 School Districts Designated in Fiscal Stress
… school districts statewide were designated in some level of fiscal stress under New York State Comptroller Thomas P. … fiscal stress the prior year. This is the lowest incidence of fiscal stress recorded for schools since the system’s inception (2012-13 school year). “The number of districts designated in a fiscal stress category has …
https://www.osc.ny.gov/press/releases/2023/01/dinapoli-14-school-districts-designated-fiscal-stressDiNapoli: Daughter Allegedly Stole Over $240K in Deceased Father's NYS Pension Payments
… more than $240,000 in New York state pension payments made to her deceased father over a 4 ½-year period. “The defendant took advantage of her father’s death to profit handsomely at the expense of New York’s retirement … Police for partnering with my Division of Investigations to bring her to justice. We will seek full restitution and …
https://www.osc.ny.gov/press/releases/2023/03/dinapoli-daughter-allegedly-stole-over-240k-deceased-fathers-nys-pension-paymentsDiNapoli: Young People in NYC Still Face Double-Digit Unemployment
… COVID-19 pandemic, young people in New York City continue to face double-digit unemployment, with young men … the greatest challenges in finding work, according to a report released today by State Comptroller Thomas P. DiNapoli. Unemployment among 16- to 24-year-olds stands at nearly 18% in the city, as compared …
https://www.osc.ny.gov/press/releases/2022/12/dinapoli-young-people-nyc-still-face-double-digit-unemploymentDiNapoli: New York City's Budget Outlook Improves
… in FY 2024 and grew to $2.2 billion by FY 2027, despite a decrease of about $500 million annually in real estate … and inclusion of proposed state asylum seeker funding, when combined with additional as-yet unbudgeted reductions in … will rise to nearly $1.9 billion by FY 2028. The city does not address how it will support $92 million in funding …
https://www.osc.ny.gov/press/releases/2024/02/dinapoli-new-york-citys-budget-outlook-improvesDiNapoli: MTA Avoided A Fiscal Crisis, Now It Has To Convince Riders To Come Back
… for the year with gaps of more than $1 billion in 2024 that could have ballooned to $1.6 billion in 2026. With … state taxes provide more than 44% of MTA’s revenue in 2024, up from 37% in 2019, making up for the drop in … (13%) will combine to make up 39% of the MTA’s revenue in 2024, well below 2019 when they brought in more than half of …
https://www.osc.ny.gov/press/releases/2023/10/dinapoli-mta-avoided-fiscal-crisis-now-it-has-convince-riders-come-backDiNapoli Analysis Finds Sharp Decline in Homeless Veterans in New York
… New York state made substantial progress in reducing … and support,” DiNapoli said. “With federal support, New York is leading the way in reducing homelessness for our …
https://www.osc.ny.gov/press/releases/2023/11/dinapoli-analysis-finds-sharp-decline-homeless-veterans-new-yorkDiNapoli Urges Companies to Join Workplace Pledge to Fight Antisemitism
… at the Stand With Israel event at the Hampton Synagogue in Westhampton Beach. The event featured a keynote address by … in the United States and the rest of the world is a cause for alarm,” DiNapoli said. “Companies need to take steps to … provide religious accommodations for employees, and speak out against antisemitism. According to the Pew Research …
https://www.osc.ny.gov/press/releases/2023/11/dinapoli-urges-companies-join-workplace-pledge-fight-antisemitismDiNapoli: New State Funds Open Door for MTA to Ease Debt, Build Stronger Future Budgets
… 2026 — and federal approval for congestion pricing — are positive signs that the MTA can gain greater control over …
https://www.osc.ny.gov/press/releases/2023/05/dinapoli-new-state-funds-open-door-mta-ease-debt-build-stronger-future-budgetsComptrollers DiNapoli, Lander Urge Fellow Netflix Investors to Support Workers' Rights
… the company and its investors.” “Netflix can and must do better to improve their commitment to upholding worker …
https://www.osc.ny.gov/press/releases/2023/05/comptrollers-dinapoli-lander-urge-fellow-netflix-investors-support-workers-rightsAccessibility for People With Disabilities
… Objective To determine whether the Office of Parks, Recreation and Historic Preservation has taken … the Program According to the New York State Department of Health, more than one in four New York State adults have a … In addition, as reported by the U.S. Department of Agriculture and others, access to green space can provide …
https://www.osc.ny.gov/state-agencies/audits/2023/08/10/accessibility-people-disabilitiesDiNapoli: Audit Reveals Hiring and Budgeting Problems in Brentwood School District
… to accumulate excessive fund balance as well as reserve funds that surpassed board-approved amounts and have gone … board resolutions allowing them to establish five reserve funds totaling $36 million. Nor could they provide a clear … than it actually is. As a result, the district withheld funds from being used. As part of the audit, DiNapoli made a …
https://www.osc.ny.gov/press/releases/2016/11/dinapoli-audit-reveals-hiring-and-budgeting-problems-brentwood-school-districtDiNapoli: Federal Aid, Increasing Tax Revenues and Savings Boost New York City's Surplus
… New York City is expecting to generate a surplus of $3.7 billion in fiscal year (FY) 2022 due to … previously raised. Still, more can be done to prepare for unforeseen risks and to manage challenges as increased … of FY 2023 spending, enhance its rainy-day fund or retiree health benefits trust, or reduce future expenses in …
https://www.osc.ny.gov/press/releases/2022/03/dinapoli-federal-aid-increasing-tax-revenues-and-savings-boost-new-york-citys-surplusDiNapoli: Tennessee Woman Pleads Guilty to Wire Fraud for Receiving Deceased Mother's New York State and Local Retirement System Benefits
… and Local Retirement System (NYSLRS). This case was the result of a joint investigation with the Social Security … the EDTN and the Comptroller’s Office. In February of 2021, SSAIG contacted NYSLRS and informed them that a pension … one count of wire fraud (18 USC. § 1343) in the EDTN on January 27, 2022. She has agreed to pay $56,352 in …
https://www.osc.ny.gov/press/releases/2022/03/dinapoli-tennessee-woman-pleads-guilty-wire-fraud-receiving-deceased-mothers-new-york-state-and-localState Fiscal Year 2022-23 Enacted Budget Analysis
… that All Funds spending will total $220.5 billion in SFY 2022-23. The Budget was adopted following two years of extraordinary volatility in State finances that began with … all current economic development tax incentives—there are many provisions that weaken essential protections, leaving …
https://www.osc.ny.gov/reports/state-fiscal-year-2022-23-enacted-budget-analysisOrdinary Death Benefit
… Teachers' Retirement System (TRS) is in service to the full retirement age. Memo Bill Text Status … Increases the … State Teachers Retirement System TRS is in service to the full retirement age …
https://www.osc.ny.gov/legislation/ordinary-death-benefitDiNapoli Moves State Pension Fund Toward Net Zero Target, Restricts Investments in Oil Sands Companies
The New York State Common Retirement Fund Fund will restrict investments in oil sands companies that have not demonstrated that they are prepared for the transition to a lowcarbon economy State Comptroller DiNapoli trustee of the third largest public pension plan in the country
https://www.osc.ny.gov/press/releases/2021/04/dinapoli-moves-state-pension-fund-toward-net-zero-target-restricts-investments-oil-sands-companiesDiNapoli: Eight Villages, Three Cities Designated in Fiscal Stress
… and three cities in New York that were in some level of fiscal stress in 2020, based on scores that largely … stress before the pandemic hit,” DiNapoli said. “Some of that pressure could be alleviated with federal stimulus funds and the restoration of state aid, but the full extent of the pandemic’s impact on …
https://www.osc.ny.gov/press/releases/2021/04/dinapoli-eight-villages-three-cities-designated-fiscal-stress