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NY State Comptroller DiNapoli: Wells Fargo Needs to Pull Back the Curtain on Its Incentive Pay Program
… New York State Comptroller Thomas P. DiNapoli, trustee of the New York State Common Retirement Fund (the Fund), … DiNapoli's shareholder proposal will be put to a vote of fellow investors at the bank's annual meeting on April 24. … be left to wonder when the next headline will inform us of a new scandal or more enforcement penalties. The board's …
https://www.osc.ny.gov/press/releases/2018/04/ny-state-comptroller-dinapoli-wells-fargo-needs-pull-back-curtain-its-incentive-pay-programDiNapoli: NYC Budget Benefiting From Strong Economy
… development. DiNapoli’s report notes that the city’s Health and Hospitals Corp. continues to face serious fiscal …
https://www.osc.ny.gov/press/releases/2015/12/dinapoli-nyc-budget-benefiting-strong-economyState Audit Shows Need to Improve Response to Noise Complaints in NYC
… The growing number of noise complaints related to nightlife establishments in … today by State Comptroller Thomas P. DiNapoli. "The number of noise complaints in New York City more than doubled between 2010 and 2015, including tens of thousands involving nightlife, but my auditors found …
https://www.osc.ny.gov/press/releases/2017/06/state-audit-shows-need-improve-response-noise-complaints-nycDiNapoli: Tax Collector Sentenced for Dodging Her Own Tax Bills
… was sentenced to five years probation and paid a total of $4,303 in restitution for falsifying her own tax payments … Sheppard based on her August guilty plea to two counts of attempted tampering with public records, an E felony. As part of her plea agreement, Sheppard resigned her clerk’s job and …
https://www.osc.ny.gov/press/releases/2015/10/dinapoli-tax-collector-sentenced-dodging-her-own-tax-billsDiNapoli: Local Sales Tax Revenue Slows in 2016
… York state only grew 1.7 percent in the first six months of 2016, according to a report released today by State … tax revenues continue to rebound slowly, only some parts of the state are seeing growth,” DiNapoli said. “The slowdown … a three-year trend. Collections trickle in the first half of the year, followed by more robust growth in the second …
https://www.osc.ny.gov/press/releases/2016/08/dinapoli-local-sales-tax-revenue-slows-2016DiNapoli: Potential Changes in Federal Policies Pose Risks for New York City's Budget
… New York City projects a surplus of nearly $4.2 billion in FY 2017, the largest since FY 2008, … City’s financial outlook. The city faces the possible loss of hundreds of millions of dollars in federal funding and cuts to …
https://www.osc.ny.gov/press/releases/2017/08/dinapoli-potential-changes-federal-policies-pose-risks-new-york-citys-budgetNYS Common Retirement Fund Announces Third Quarter Results
… Fund’s (Fund) overall return in the third quarter of the state fiscal year 2015 was 1.91 percent for the … during the quarter. The Fund’s value was $176.8 billion as of the end of the state fiscal year on March 31, 2014. The Fund has 39.5 …
https://www.osc.ny.gov/press/releases/2015/02/nys-common-retirement-fund-announces-third-quarter-resultsDiNapoli: Monroe County Failed to Monitor Contractor Operating Golf Courses, Costing Taxpayers
… the county’s contract with Tindale Inc. for the operation of the county’s three golf courses, allowing the vendor to … throughout the contract term, they would have been aware of its growing financial difficulties earlier and could have … notice that it would terminate the contract at the end of 2014. DiNapoli’s auditors found that county officials …
https://www.osc.ny.gov/press/releases/2014/08/dinapoli-monroe-county-failed-monitor-contractor-operating-golf-courses-costing-taxpayersNYS and NYC Pension Funds To SEC: Greater Disclosure Needed On Risks Faced By Fossil Fuel Industry
… — by enforcement or other action — to enhance disclosure of the material risks climate change poses to their business … are taking to meet those challenges. DiNapoli, Trustee of the New York State Common Retirement Fund, and Stringer, Chief Investment Advisor of the New York City Retirement Systems, manage more than …
https://www.osc.ny.gov/press/releases/2015/04/nys-and-nyc-pension-funds-sec-greater-disclosure-needed-risks-faced-fossil-fuel-industryOpinion 88-28
… This opinion represents the views of the Office of the State Comptroller at the time it was rendered. The … in the opinion. OFFICIAL NEWSPAPER -- Designation of (criteria for designation in towns) LOCAL LAWS -- Official …
https://www.osc.ny.gov/legal-opinions/opinion-88-28DiNapoli: Contractor Failed to Turn Over $1.5 Million in Prescription Drug Rebates to NYS
… turn over a significant amount of them to the state. This money is intended to help hold down costs of the program and … Civil Service and United HealthCare need to make sure this money is fully collected and remitted to the state.” The New … not remit. The audit recommended United work to get that money for the state. Officials from United agreed with the …
https://www.osc.ny.gov/press/releases/2016/11/dinapoli-contractor-failed-turn-over-15-million-prescription-drug-rebates-nysNew Funding Needed for MTA Improvements to Prevent Unplanned Fare and Toll Hikes
… sharply in recent years, according to an analysis of the MTA’s financial plan released today by State … agency in the nation is critically important to the future of the New York metropolitan region," DiNapoli said. "In the absence of adequate funding, the system could fall into further …
https://www.osc.ny.gov/press/releases/2017/11/new-funding-needed-mta-improvements-prevent-unplanned-fare-and-toll-hikesDiNapoli: NYC Sales Tax Collections Strong Due to Tourism and Commuter Return, Fueling Statewide Strength
… taxable sales grew by 18.1% in the first three quarters of the latest sales tax year (STY, March 2022 to February … “The decline in visitors and commuters at the onset of the COVID-19 pandemic resulted in a drop in sales tax … years in a row for the city,” DiNapoli said. “The return of travelers and office workers helped drive New York City’s …
https://www.osc.ny.gov/press/releases/2023/04/dinapoli-nyc-sales-tax-collections-strong-due-tourism-and-commuter-return-fueling-statewide-strengthDiNapoli: State Fiscal Year 2021-22 Tax Revenues $3.3 Billion Over Final Projections
… $3.3 billion higher than forecast by the Division of the Budget (DOB) in the Amended Executive Budget financial … projections. PTET proceeds are expected by the Division of the Budget to be offset by lower personal income tax (PIT) … were made to the rainy-day fund reserves to set aside some of the state’s gains. Following through with plans to …
https://www.osc.ny.gov/press/releases/2022/04/dinapoli-state-fiscal-year-2021-22-tax-revenues-33-billion-over-final-projectionsSelected Management and Operations Practices
… NY 2.0 charging stations in locations where the intent of these programs could be achieved. We also determined … EVolve NY program met its initial project goals by the end of 2019. The audit covered the period from January 2013 … The Charge NY program, unveiled during the 2013 State of the State Address, sought to get more EVs on the road by …
https://www.osc.ny.gov/state-agencies/audits/2022/02/04/selected-management-and-operations-practicesDiNapoli Releases December State Cash Report
… State tax collections through the first three quarters of the fiscal year declined $1.2 billion, or 2.2 percent, … year by more than $1 billion,”DiNapoli said. “The timing of payments and the level of financial sector bonuses will influence whether current …
https://www.osc.ny.gov/press/releases/2017/01/dinapoli-releases-december-state-cash-reportOvertime at State Agencies Reached All-Time High in 2020
… The total cost of overtime in 2020 at state agencies reached an all-time … State Comptroller Thomas P. DiNapoli. Total overtime hours of 19 million increased 3.9 percent and total overtime … percent from 2019. Overtime earnings comprised 4.8 percent of total payroll spending in 2020, an increase from the 4.2 …
https://www.osc.ny.gov/press/releases/2021/05/overtime-state-agencies-reached-all-time-high-2020DiNapoli: System Glitch Left Too Many NYC Heat & Hot Water Complaints Ignored
… to be addressed in 24 hours, but the city’s Department of Housing Preservation and Development (HPD) has likely … that families could be left in the cold because of a database flaw that went unnoticed for years,” DiNapoli … and hot water 24 hours a day. Tenant complaints about lack of adequate heat and hot water are sent to HPD to address. …
https://www.osc.ny.gov/press/releases/2020/09/dinapoli-system-glitch-left-too-many-nyc-heat-hot-water-complaints-ignoredDiNapoli: Wall St. First Half Profits Jumped
… State assumes a smaller increase in the larger finance and insurance sector. Comptroller DiNapoli will release his …
https://www.osc.ny.gov/press/releases/2019/10/dinapoli-wall-st-first-half-profits-jumpedNew York's 529 College Savings Program Delivers $287 Million to College Students Since January
… Comptroller Thomas P. DiNapoli said today in recognition of 529 College Savings Day to be celebrated on Sunday, May 29. “With the cost of college on the rise, it’s a great time to consider opening … which can be opened by anyone with a contribution of $25, and 185,866 Advisor Plan accounts, which require a …
https://www.osc.ny.gov/press/releases/2016/05/new-yorks-529-college-savings-program-delivers-287-million-college-students-january