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DiNapoli 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: 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-rightsDiNapoli: 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: 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-localDiNapoli 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-stressDiNapoli: 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: Environmental Facilities Corporation Faces Significant Funding Backlog for Essential Water Infrastructure Projects
… far exceeds this amount, and tens of billions of dollars in local projects remain in the pipeline, according to a report by State Comptroller … Facilities Corporation serves a critical role in financing improvements to New York’s water …
https://www.osc.ny.gov/press/releases/2024/04/dinapoli-environmental-facilities-corporation-faces-significant-funding-backlog-essential-waterDiNapoli 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: 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-backAccessibility 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 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: Former Town Clerk Sentenced for $35,000 Embezzlement
… dog license fees deposited with the town over four years, State Comptroller Thomas P. DiNapoli said. "This should serve … gain,” DiNapoli said. “Thanks to my office’s work with the New York State Police and Fulton County District Attorney Chad …
https://www.osc.ny.gov/press/releases/2019/10/dinapoli-former-town-clerk-sentenced-35000-embezzlementInflation in the New York City Metropolitan Area
… April 21, 2022 PDF Version Last week, the U.S. Bureau of Labor Statistics (BLS) released new data … area. As consumer spending habits differ by geography, so does the basket of goods. For example, housing comprises the … Area Prices To Date Prior to the pandemic, annual growth rates in overall prices in the NYC metro area lagged behind …
https://www.osc.ny.gov/reports/inflation-new-york-city-metropolitan-areaDiNapoli: NYSLRS Announces Employer Contribution Rates for 2025-26
… contributions rates for the New York State and Local Retirement System (NYSLRS) for State Fiscal Year (SFY) 2025-26. … (PFRS). NYSLRS is made up of these two systems, which pay service and disability retirement benefits to state and local …
https://www.osc.ny.gov/press/releases/2024/09/dinapoli-nyslrs-announces-employer-contribution-rates-2025-26NY ABLE Program Helps New Yorkers With Disabilities Cover Costs
… legislation was signed into law by Governor Andrew Cuomo in December 2015. The bill authorized the Office of the State … program allows New Yorkers with disabilities to save money in their own names without risking their Supplemental … Life Experience Act of 2014. New York is one of 28 states in the country that offer this type of program. NY ABLE …
https://www.osc.ny.gov/press/releases/2017/12/ny-able-program-helps-new-yorkers-disabilities-cover-costs