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DiNapoli: State Could Face Tough Fiscal Decisions in Year Ahead

… uses of such moneys include a wide range of economic development, education, environmental and other purposes. … water projects include more than $2 billion for economic development and other purposes and more than $1.8 billion for … Includes $2.8 billion in appropriations for economic development purposes in the state Department of Economic …

https://www.osc.ny.gov/press/releases/2017/05/dinapoli-state-could-face-tough-fiscal-decisions-year-ahead

DiNapoli Rejects DOT Contract due to Unanswered Questions About Contractor

… Corp. for $4.7 million for painting bridges in Nassau and Suffolk counties citing its ties to two companies … that have been in serious trouble and are forbidden to do business with the state,” DiNapoli said. “The Department of … concern is Limnes’ connection to Matsos Contracting Corporation, which Limnes disclosed to DOT. Matsos was …

https://www.osc.ny.gov/press/releases/2014/03/dinapoli-rejects-dot-contract-due-unanswered-questions-about-contractor

State Agencies Bulletin No. 2240

… is to notify agencies that employee participation in tax-sheltered annuity plans must be suspended while an … Education Department employees who have an active 403(b) tax-sheltered annuity and a Workers’ Compensation leave are … Compensation-related benefits are not eligible for 403(b) tax-sheltered annuity plan contributions. Effective Dates: …

https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2240-suspension-403b-tax-sheltered-annuity-plans-employees-workers

XI.10 Third Party Contracting - Contracting "for" the State – XI. Procurement and Contract Management

… A Third Party Contract is one in which a state agency enters into a contract with another entity (the … Contractor where the State Contractor agrees to procure, on an as-needed basis, various types of administrative …

https://www.osc.ny.gov/state-agencies/gfo/chapter-xi/xi10-third-party-contracting-contracting-state

XI.12.B Contract Assignments – XI. Procurement and Contract Management

… the previous written consent of the agency, department or official that awarded the contract. In addition, if the … Users create the following two transactions in SFS: An amendment transaction against the original agreement that: … the contract amount in SFS, the State agency must reduce funds reservation and contract lines on the original …

https://www.osc.ny.gov/state-agencies/gfo/chapter-xi/xi12b-contract-assignments

XIII.4.E Overnight Per Diem Rates – XIII. Employee Expense Reimbursement

… travel outside the continental US (OCONUS). By adhering to these allowances, reimbursements for meals and lodging are not taxable to the employee. The maximum allowances for travel are updated in SFS each year to coincide with CONUS rate changes. These changes generally …

https://www.osc.ny.gov/state-agencies/gfo/chapter-xiii/xiii4e-overnight-diem-rates

DiNapoli: 22 School Districts Designated in Fiscal Stress

… federal aid. “Pandemic-related federal funding as well as a boost in state aid have helped school districts avoid a fiscal stress designation in recent years,” DiNapoli said. … time to be scored in SY 2024, 3.3% have been designated as being in a level of fiscal stress. DiNapoli’s Fiscal Stress …

https://www.osc.ny.gov/press/releases/2025/01/dinapoli-22-school-districts-designated-fiscal-stress

XII.6.M Lien Processing and Financial Reporting for Sole Custody Accounts – XII. Expenditures

… that make payments outside of the State’s joint custody account. The IRS requires the annual reporting of certain … outside the Statewide Financial System from a sole custody account, the Business Unit is required to ensure it complies … Unit can journal voucher the funds from the sole custody account to the joint custody account. The Business Unit must …

https://www.osc.ny.gov/state-agencies/gfo/chapter-xii/xii6m-lien-processing-and-financial-reporting-sole-custody-accounts

DiNapoli: Livingston County Woman Pleads Guilty to Stealing Over $25,000 in Her Deceased Mother's State Pension Payments

… State Comptroller Thomas P. DiNapoli, Livingston County … hid her mother’s death to try to steal from the state retirement system and line her own pockets,” DiNapoli said. … by filing a complaint online at https://www.osc.ny.gov/investigations , or by mailing a complaint to: Office …

https://www.osc.ny.gov/press/releases/2025/06/dinapoli-livingston-county-woman-pleads-guilty-stealing-over-25000-her-deceased-mothers-state-pension

Controls Over the Empire State Supportive Housing Initiative

… met and whether providers deliver the services as required in their contracts with OTDA. The audit covered the period … 2017 through June 2023. About the Program Established in 2016, the Empire State Supportive Housing Initiative … to occupancy rate and resident turnover; however, it does not aggregate it to monitor ESSHI program performance in …

https://www.osc.ny.gov/state-agencies/audits/2024/08/08/controls-over-empire-state-supportive-housing-initiative

DiNapoli: MTA Capital Funding Gap May Exceed $12 Billion

… This can be achieved only by working closely with the federal government, New York state and New York City to … priorities and financing for the next capital program. The federal government is the largest contributor to the MTA’s …

https://www.osc.ny.gov/press/releases/2014/07/dinapoli-mta-capital-funding-gap-may-exceed-12-billion

DiNapoli: New York City Projects Surplus in 2017 Despite Slower Tax Collections

… New York City projects a surplus of $439 million in the 2017 fiscal year, which is likely to … in recent years," DiNapoli said. "Additionally, a number of budget risks could increase the size of the out-year budget gaps. To his credit, Mayor de Blasio …

https://www.osc.ny.gov/press/releases/2016/12/dinapoli-new-york-city-projects-surplus-2017-despite-slower-tax-collections

DiNapoli: Investment in Rochester Company Returns $6.7 Million to State Pension Fund

… an approximated 21 percent internal rate of return for the New York State Common Retirement Fund (Fund), New York State … The state public pension fund is investing in New York’s future.” Trillium Group, a fund manager for the In-State …

https://www.osc.ny.gov/press/releases/2014/02/dinapoli-investment-rochester-company-returns-67-million-state-pension-fund

DiNapoli Releases School Audits

… School District and the Homer Central School District . “In an era of limited resources and increased accountability, … whether the school received the services outlined in its contract with the Brighter Choice Foundation. In addition, the fee structure, based on a percentage of per …

https://www.osc.ny.gov/press/releases/2014/02/dinapoli-releases-school-audits

DiNapoli: NYC Finances Strong But Slowing Economy Presents Risks

… FY 2020. The gaps are relatively small as a share of city fund revenues, and the budgets for those years include a …

https://www.osc.ny.gov/press/releases/2016/02/dinapoli-nyc-finances-strong-slowing-economy-presents-risks

NYC Budget Benefiting From Strong Tax Collections

… personal income tax collections and lower than expected property tax refunds, delinquencies and tax abatements. …

https://www.osc.ny.gov/press/releases/2018/06/nyc-budget-benefiting-strong-tax-collections

DiNapoli Announces $2B Strategic Partnership With Goldman Sachs Asset Management For Global Equity Investments

… manages the Fund’s nearly $100 billion equity portfolio. “We have customized this strategic partnership to our specific … Partnership with CRF is a landmark assignment for GSAM and we appreciate the confidence CRF has placed in us,” said … of the Investment Management Division at Goldman Sachs. “We are excited to provide customized access to our broad …

https://www.osc.ny.gov/press/releases/2014/09/dinapoli-announces-2b-strategic-partnership-goldman-sachs-asset-management-global-equity-investments

DiNapoli: State Tax Collections Lagging Last Year by $1.2 Billion

… last year and $315.7 million below projections, according to the state cash report issued today by State Comptroller … anticipation of federal tax changes has contributed to the decline. Offsetting that, business tax collections are … percent from a year earlier. The drop was primarily due to the personal income tax (down $1.5 billion or 11.6 …

https://www.osc.ny.gov/press/releases/2017/07/dinapoli-state-tax-collections-lagging-last-year-12-billion