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DiNapoli: NYC Put Federal Funds to Work Quickly To Shore Up Budget and Drive Recovery
… funds it received in the wake of the COVID-19 pandemic to replace revenue losses and mitigate negative economic impacts, similar to other major cities in the country, but it has used them at … pace than its peer cities, which leaves less available to address future uncertainties, according to a report …
https://www.osc.ny.gov/press/releases/2022/09/dinapoli-nyc-put-federal-funds-work-quickly-shore-budget-and-drive-recoveryDiNapoli: Syosset Man Sentenced for Role in $12 Million Ponzi Scheme
… T. Donnelly announced a Syosset man was sentenced today to up to ten-and-a-half years in prison for his role in a $12 million Ponzi scheme that targeted nearly 50 victims—many of them seniors—between 2015 and 2017. Matthew Eckstein, … T Donnelly announced a Syosset man was sentenced today to up to tenandahalf years in prison for his role in a $12 …
https://www.osc.ny.gov/press/releases/2022/07/dinapoli-syosset-man-sentenced-role-12-million-ponzi-schemeDiNapoli: Monroe County Failed to Monitor Contractor Operating Golf Courses, Costing Taxpayers
… County officials failed to properly manage or enforce the county’s contract with Tindale Inc. for the operation of the county’s three golf courses, allowing the vendor to retain nearly $250,000 … County officials failed to properly manage or enforce the countys contract with Tindale Inc for the operation of …
https://www.osc.ny.gov/press/releases/2014/08/dinapoli-monroe-county-failed-monitor-contractor-operating-golf-courses-costing-taxpayersDiNapoli: NYC Budget Benefits From Stronger Economy
… narrow the out-year budget gaps, according to an analysis of the city’s financial plan released today by New York State … outlook has improved with the economy, but the possibility of an economic setback increases with each year,” DiNapoli … the city’s reserves, which would cushion the impact of an economic downturn.” The city’s revised financial plan …
https://www.osc.ny.gov/press/releases/2015/03/dinapoli-nyc-budget-benefits-stronger-economyDiNapoli: Contractor Failed to Turn Over $1.5 Million in Prescription Drug Rebates to NYS
… to collect rebates from drug manufacturers on behalf of the New York State Health Insurance Plan (NYSHIP) failed … rebates but failed to turn over a significant amount of them to the state. This money is intended to help hold down costs of the program and contractors are expected to make every …
https://www.osc.ny.gov/press/releases/2016/11/dinapoli-contractor-failed-turn-over-15-million-prescription-drug-rebates-nysDiNapoli: 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: State Fiscal Year 2021-22 Tax Revenues $3.3 Billion Over Final Projections
… $121.1 billion — $3.3 billion higher than forecast by the Division of the Budget (DOB) in the Amended Executive Budget financial plan released in … totaled $1211 billion $33 billion higher than forecast by the Division of the Budget DOB in the Amended Executive …
https://www.osc.ny.gov/press/releases/2022/04/dinapoli-state-fiscal-year-2021-22-tax-revenues-33-billion-over-final-projectionsOvertime 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-2020Selected Management and Operations Practices
… 2013 State of the State Address, sought to get more EVs on the road by raising awareness of the technology and making … every 2,639 EVs. Did not review and analyze usage data for charger placement or use outreach efforts to encourage EV charger installation by its customers. Did not complete any …
https://www.osc.ny.gov/state-agencies/audits/2022/02/04/selected-management-and-operations-practicesDiNapoli: System Glitch Left Too Many NYC Heat & Hot Water Complaints Ignored
… hours, but the city’s Department of Housing Preservation and Development (HPD) has likely missed numerous complaints … accountable. HPD needs to address the problems we found and ensure New Yorkers are being helped this fall and winter when they complain that they have no heat or hot …
https://www.osc.ny.gov/press/releases/2020/09/dinapoli-system-glitch-left-too-many-nyc-heat-hot-water-complaints-ignoredDiNapoli 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 … State tax collections through the first three quarters of the fiscal year declined $12 billion or 22 percent from …
https://www.osc.ny.gov/press/releases/2017/01/dinapoli-releases-december-state-cash-reportDiNapoli: Wall St. First Half Profits Jumped
… industry reached $15.1 billion in the first six months of 2019, an 11 percent increase over the same period last … start in 2019, but uncertainties leave the second half of the year an open question,” DiNapoli said. “Volatile … is traditionally measured by the pretax profits of the broker/dealer operations of New York Stock Exchange …
https://www.osc.ny.gov/press/releases/2019/10/dinapoli-wall-st-first-half-profits-jumpedNYS and NYC Pension Funds To SEC: Greater Disclosure Needed On Risks Faced By Fossil Fuel Industry
… DiNapoli and New York City Comptroller Scott M. Stringer today called on the Securities and Exchange Commission to … material risks climate change poses to their business and what steps they are taking to meet those challenges. … NYS Comptroller Thomas P DiNapoli and NYC Scott M Stringer today called on the SEC to compel fossil fuel industry …
https://www.osc.ny.gov/press/releases/2015/04/nys-and-nyc-pension-funds-sec-greater-disclosure-needed-risks-faced-fossil-fuel-industryDiNapoli: 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 … New York City projects a surplus of nearly $42 billion in FY 2017 the largest since FY 2008 …
https://www.osc.ny.gov/press/releases/2017/08/dinapoli-potential-changes-federal-policies-pose-risks-new-york-citys-budgetOpinion 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 … designation is made to publish official notices in any of three newspapers which are circulated in the town by …
https://www.osc.ny.gov/legal-opinions/opinion-88-28New Funding Needed for MTA Improvements to Prevent Unplanned Fare and Toll Hikes
… sources for the Metropolitan Transportation Authority (MTA) are not identified, the authority may have to raise fares and tolls faster than planned to improve a … sharply in recent years, according to an analysis of the MTA’s financial plan released today by State Comptroller …
https://www.osc.ny.gov/press/releases/2017/11/new-funding-needed-mta-improvements-prevent-unplanned-fare-and-toll-hikesNew York's 529 College Savings Program Delivers $287 Million to College Students Since January
… million in college-related expenses this year, New York State Comptroller Thomas P. DiNapoli said today in … program is overseen by DiNapoli’s office and the New York State Higher Education Services Corporation. Qualified … fees and expenses. New York is one of 33 states offering a state tax deduction for contributions to accounts by account …
https://www.osc.ny.gov/press/releases/2016/05/new-yorks-529-college-savings-program-delivers-287-million-college-students-januaryDiNapoli: State Tax Collections Outperform Budget Division Projections for 2023-24
… over $2 billion higher than forecast by the Division of the Budget (DOB) in the most recent financial plan, … in additional receipts above DOB estimates through the end of SFY 2024-25. Tax collections for SFY 2023-24 were $5.2 … collections outpaced forecasts,” DiNapoli said. “The pace of inflation and Federal Reserve Board interest rate …
https://www.osc.ny.gov/press/releases/2024/04/dinapoli-state-tax-collections-outperform-budget-division-projections-2023-24IX.10.C Federal Treasury Offset Program (TOP) Agency Responsibilities – IX. Federal Grants
… Immediately upon receipt of an invoice for goods or services provided by a federal … government promptly or contest the billing. If a notice of unpaid debt is received by a state agency, the notice will provide the amount, type of debt owed, and the federal agency that referred the debt …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix10c-federal-treasury-offset-program-top-agency-responsibilitiesOpen Educational Resources
… initiatives at its colleges to help defray textbook costs for students, and whether the OER initiatives adequately … OER has the potential to generate significant cost savings for students and reduce barriers to academic success, making … allocations and provide more cost savings opportunities for students. Key Recommendations Establish and document an …
https://www.osc.ny.gov/state-agencies/audits/2025/03/27/open-educational-resources