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NYS Common Retirement Fund Reports First Quarter Results
… The New York State Common Retirement Fund’s (Fund) estimated return in the … Our constant goal is to ensure that New York state’s pension fund remains one of the nation’s strongest and best …
https://www.osc.ny.gov/press/releases/2019/08/nys-common-retirement-fund-reports-first-quarter-resultsNYS Common Retirement Fund Announces Third Quarter Results
… quarter of the state fiscal year 2015 was 1.91 percent for the three-month period ending December 31, 2014, bringing … quarter of the state fiscal year 2015 was 191 percent for the threemonth period ending December 31 2014 bringing …
https://www.osc.ny.gov/press/releases/2015/02/nys-common-retirement-fund-announces-third-quarter-resultsDiNapoli: NYC Budget Benefiting From Strong Economy
… New York City is projecting a surplus of $135 million for fiscal year 2016, but the surplus will likely grow as tax … P. DiNapoli. “This is shaping up to be another solid year for the city. Job growth in the five boroughs has been … industry, one of the city’s economic engines, is on track for a good year and profits are likely to exceed last year’s …
https://www.osc.ny.gov/press/releases/2015/12/dinapoli-nyc-budget-benefiting-strong-economyDiNapoli: Local Sales Tax Revenue Slows in 2016
… grew in 34 of the 57 counties outside of New York City, with the strongest growth in Chautauqua County at 11.6 … growth statewide. Of the 16 other cities in New York state with their own general sales tax, 11 had increases. Yonkers … Norwich saw a 5.9 percent increase, followed by Johnstown with a 5.7 percent rise. Five cities experienced declines, …
https://www.osc.ny.gov/press/releases/2016/08/dinapoli-local-sales-tax-revenue-slows-2016NY State Comptroller DiNapoli Asks Express Scripts' Shareholders to Back Cyber Security Risk Proposal
… Express Scripts, which serves more than 80 million people with more than 1 billion annual prescriptions, has provided shareholders with little reassurance or information on what actions it has … third largest public pension fund in the United States, with an estimated $209.1 billion in assets under management …
https://www.osc.ny.gov/press/releases/2018/05/ny-state-comptroller-dinapoli-asks-express-scripts-shareholders-back-cyber-security-risk-proposalNY State Comptroller DiNapoli: Wells Fargo Needs to Pull Back the Curtain on Its Incentive Pay Program
… Fund holds approximately 13,777,454 shares in Wells Fargo with an estimated value of $722,076,364 as of March 31, 2018. … third largest public pension fund in the United States, with an estimated $209.1 billion in assets under management …
https://www.osc.ny.gov/press/releases/2018/04/ny-state-comptroller-dinapoli-wells-fargo-needs-pull-back-curtain-its-incentive-pay-programDiNapoli: Monroe County Failed to Monitor Contractor Operating Golf Courses, Costing Taxpayers
… manage or enforce the county’s contract with Tindale Inc. for the operation of the county’s three golf courses, … but was amended to require Tindale to contribute $300,000 for a substantial clubhouse project at one course, and to … of the lack of oversight, Tindale did not perform or pay for a number of required contractual duties, as well as …
https://www.osc.ny.gov/press/releases/2014/08/dinapoli-monroe-county-failed-monitor-contractor-operating-golf-courses-costing-taxpayersDiNapoli: Potential Changes in Federal Policies Pose Risks for New York City's Budget
… levels. The city should continue to identify opportunities for agency savings, which will provide added budgetary … and are manageable under current conditions. The budgets for these years include annual reserves of $1.25 billion that … estimated 1.8 percent, with non-property taxes declining for the first time since FY 2010. Job creation has also …
https://www.osc.ny.gov/press/releases/2017/08/dinapoli-potential-changes-federal-policies-pose-risks-new-york-citys-budgetNYS and NYC Pension Funds To SEC: Greater Disclosure Needed On Risks Faced By Fossil Fuel Industry
… are responding to global warming’s unprecedented challenge with a business-as-usual approach,” DiNapoli said. “It’s time … is currently participating in a study, conducted by Mercer with other global institutional investors, to study the … the third largest public pension fund in the United States with assets of $176.8 billion as of March 31, 2014. The Fund …
https://www.osc.ny.gov/press/releases/2015/04/nys-and-nyc-pension-funds-sec-greater-disclosure-needed-risks-faced-fossil-fuel-industryDiNapoli: Syosset Man Sentenced for Role in $12 Million Ponzi Scheme
… District Attorney Anne T. Donnelly announced a Syosset man was sentenced today to up to ten-and-a-half years in … victims with a username and password for www.conmacfunding.com to view their account statement and growing account … District Attorney Anne T Donnelly announced a Syosset man was sentenced today to up to tenandahalf years in prison …
https://www.osc.ny.gov/press/releases/2022/07/dinapoli-syosset-man-sentenced-role-12-million-ponzi-schemeDiNapoli: Contractor Failed to Turn Over $1.5 Million in Prescription Drug Rebates to NYS
… 1.1 million of these members. Civil Service contracted with United HealthCare to administer the Empire Plan’s … Under the contract, United was responsible for agreements with drug manufacturers for rebates, discounts, and other … 2013, United remitted $862.9 million from such agreements with drug manufacturers. United subcontracted key functions …
https://www.osc.ny.gov/press/releases/2016/11/dinapoli-contractor-failed-turn-over-15-million-prescription-drug-rebates-nysOvertime at State Agencies Reached All-Time High in 2020
… across New York to work long, grueling hours to deal with a crisis never before seen during our lifetime. The … most of the overtime in 2020: The Office for People With Developmental Disabilities (OPWDD), the Department of … and temporary staff per pay period throughout the year. With limited exceptions, a hiring freeze has been in effect …
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
… are sent to HPD to address. From July 1, 2017 through June 30, 2019, HPD’s received about 447,000 heat and hot … data system treats them all as a single complaint. As a result of this practice, HPD considered only about 236,000 of … HPD records, in FY 2018 and 2019, Housing Court imposed $18 million in penalties on 5,763 cases. By September 2019, $4 …
https://www.osc.ny.gov/press/releases/2020/09/dinapoli-system-glitch-left-too-many-nyc-heat-hot-water-complaints-ignoredNew York's 529 College Savings Program Delivers $287 Million to College Students Since January
… College Savings Day to be celebrated on Sunday, May 29. “With the cost of college on the rise, it’s a great time to … Direct Plan accounts, which can be opened by anyone with a contribution of $25, and 185,866 Advisor Plan …
https://www.osc.ny.gov/press/releases/2016/05/new-yorks-529-college-savings-program-delivers-287-million-college-students-januaryDiNapoli: NYC Budget Benefits From Stronger Economy
… P. DiNapoli. “New York City’s budget outlook has improved with the economy, but the possibility of an economic setback increases with each year,” DiNapoli said. “To his credit, Mayor de … of $3.2 billion. The city has reached new labor agreements with more than three-quarters of its workforce. The city also …
https://www.osc.ny.gov/press/releases/2015/03/dinapoli-nyc-budget-benefits-stronger-economyDiNapoli: NYC Sales Tax Collections Strong Due to Tourism and Commuter Return, Fueling Statewide Strength
… in the near future.” At the onset of the pandemic, local consumption in New York City fell drastically as shutdowns … is conservative given elevated prices and continued consumption, which show fiscal year-to-date collections … growth rates following the next two fiscal years. Report NYC Taxable Sales and Purchases: Resilient Amid Economic …
https://www.osc.ny.gov/press/releases/2023/04/dinapoli-nyc-sales-tax-collections-strong-due-tourism-and-commuter-return-fueling-statewide-strengthSelected Management and Operations Practices
… vehicle initiatives and programs placed the Charge NY and Charge NY 2.0 charging stations in locations where the … and at the airports” and investing $250 million through 2025 on infrastructure and to raise awareness of the benefits …
https://www.osc.ny.gov/state-agencies/audits/2022/02/04/selected-management-and-operations-practicesDiNapoli: State Fiscal Year 2021-22 Tax Revenues $3.3 Billion Over Final Projections
… Tax collections for State Fiscal Year (SFY) 2021-22 totaled $121.1 billion — … or 21.7%. Collections were $363.3 million higher than the latest projections and just under $1.5 billion higher than … or 28.5%. Total business tax collections exceeded the latest projections by $5.6 million and initial projections by …
https://www.osc.ny.gov/press/releases/2022/04/dinapoli-state-fiscal-year-2021-22-tax-revenues-33-billion-over-final-projectionsDiNapoli 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-reportDiNapoli: State Tax Collections Outperform Budget Division Projections for 2023-24
… lower payments related to tax year 2022 annual returns. “With an economy that performed better than expected, the … than last year. The General Fund ended the fiscal year with a balance of $46.3 billion, an increase of $2.9 billion …
https://www.osc.ny.gov/press/releases/2024/04/dinapoli-state-tax-collections-outperform-budget-division-projections-2023-24