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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), today … the bank's annual meeting, the Fund will vote against six of the bank's 12 directors, including CEO Timothy Sloan. The … New York State Comptroller DiNapoli trustee of the NYS Common Retirement Fund has written to fellow Wells …
https://www.osc.ny.gov/press/releases/2018/04/ny-state-comptroller-dinapoli-wells-fargo-needs-pull-back-curtain-its-incentive-pay-programNY State Comptroller DiNapoli Asks Express Scripts' Shareholders to Back Cyber Security Risk Proposal
… pharmacy benefit management company to publicly detail its cyber risk and actions taken to ensure cyber security. DiNapoli's request, in the form of a … pharmacy benefit management company to publicly detail its cyber risk and actions taken to ensure cyber security …
https://www.osc.ny.gov/press/releases/2018/05/ny-state-comptroller-dinapoli-asks-express-scripts-shareholders-back-cyber-security-risk-proposalNYS Common Retirement Fund Reports First Quarter Results
… The New York State Common Retirement Fund’s (Fund) estimated return in the first quarter of the State Fiscal Year (SFY) 2019-20 was 3.38 percent for the … estimated value to $216.2 billion, according to New York State Comptroller Thomas P. DiNapoli. "The Fund is off to a …
https://www.osc.ny.gov/press/releases/2019/08/nys-common-retirement-fund-reports-first-quarter-resultsDiNapoli: NYC Put Federal Funds to Work Quickly To Shore Up Budget and Drive Recovery
… less than 40% of their obligations to date towards revenue replacement. More than half of New York City’s relief funds received to date were devoted to revenue replacement, mostly for personal services at the four … as of April 1, 2022, most will be allocated to revenue replacement for salaries and contractual services as well as …
https://www.osc.ny.gov/press/releases/2022/09/dinapoli-nyc-put-federal-funds-work-quickly-shore-budget-and-drive-recoveryDiNapoli: System Glitch Left Too Many NYC Heat & Hot Water Complaints Ignored
… and Development (HPD) has likely missed numerous complaints because it wrongly thought they were duplicates, … for years,” DiNapoli said. “By failing to respond to their complaints, HPD not only put New Yorkers at risk, but it … – the “Heat Season” – and hot water 24 hours a day. Tenant complaints about lack of adequate heat and hot water are sent …
https://www.osc.ny.gov/press/releases/2020/09/dinapoli-system-glitch-left-too-many-nyc-heat-hot-water-complaints-ignoredOvertime at State Agencies Reached All-Time High in 2020
… The total cost of overtime in 2020 at state agencies reached an all-time high at more than $850 … earnings comprised 4.8 percent of total payroll spending in 2020, an increase from the 4.2 percent average from 2011 … The total cost of overtime in 2020 at state agencies reached an alltime high at more …
https://www.osc.ny.gov/press/releases/2021/05/overtime-state-agencies-reached-all-time-high-2020DiNapoli: NYC Sales Tax Collections Strong Due to Tourism and Commuter Return, Fueling Statewide Strength
… their pandemic lows. Sales growth has begun to slow, and my office expects growth to return to normal in the near …
https://www.osc.ny.gov/press/releases/2023/04/dinapoli-nyc-sales-tax-collections-strong-due-tourism-and-commuter-return-fueling-statewide-strengthDiNapoli: State Tax Collections Outperform Projections for State Fiscal Year 2024-25
… $117.5 billion, $2.1 billion higher than forecast by the Division of the Budget (DOB) in the SFY 2025-26 Executive Budget Financial Plan, according … totaled $1175 billion $21 billion higher than forecast by the Division of the Budget DOB in the SFY 202526 Executive …
https://www.osc.ny.gov/press/releases/2025/04/dinapoli-state-tax-collections-outperform-projections-state-fiscal-year-2024-25DiNapoli Audit Finds Food Inspection Failures at NYC Homeless Shelters
… and indicated that they would act on them. The agencies' full comments are included in the audit. Read the report , or …
https://www.osc.ny.gov/press/releases/2018/10/dinapoli-audit-finds-food-inspection-failures-nyc-homeless-sheltersDiNapoli: MTA Faces $9.8 Billion Capital Plan Shortfall
… the city to close the remaining $9.8 billion funding gap in its five-year capital program. While we don’t yet know how the gap will be closed, we do know that … or borrow additional funds to finance its capital needs. Every additional $1 billion borrowed by the MTA would …
https://www.osc.ny.gov/press/releases/2015/09/dinapoli-mta-faces-98-billion-capital-plan-shortfallDiNapoli: State's Cash Position is Strong
… initially anticipated. “The current state fiscal year is nearly half over, and the state’s cash position is strong,” DiNapoli said. “Settlements have already brought the state more than $3 billion, and more is on the way. The level of tax receipts is important for …
https://www.osc.ny.gov/press/releases/2014/09/dinapoli-states-cash-position-strongDiNapoli: Silencing Excessive NYC Noise a Major Challenge
… Noise complaints to New York City's 311 system rose from approximately 200,000 to about 384,000 … report maps noise trends and patterns over six years of 311 complaints and examines the efforts to address them. … 2015, New Yorkers made 1.6 million noise complaints via 311. The vast majority of these are handled by the New York …
https://www.osc.ny.gov/press/releases/2018/01/dinapoli-silencing-excessive-nyc-noise-major-challengeDiNapoli: The State May Have Your Money
… to see if any of the $12.5 billion in lost and forgotten money currently being held by his office could be theirs. … 30 million accounts are unclaimed in New York, some dating back to the 1940s. An interactive map created by DiNapoli’s … visit our website to see if my office is holding any money in their name. It’s likely that some of the $12.5 …
https://www.osc.ny.gov/press/releases/2014/01/dinapoli-state-may-have-your-moneyDiNapoli: Better Oversight Needed for Youth Jobs Programs
… Thomas P. DiNapoli today announced that an audit of the New York Youth Jobs Program found that the state … agencies overseeing the program, including the Departments of Labor and Tax and Finance, did not ensure that … is to encourage companies to hire young people in need of employment, but better oversight and verification of …
https://www.osc.ny.gov/press/releases/2019/01/dinapoli-better-oversight-needed-youth-jobs-programsDiNapoli: Economic and Tax Collection Growth Slowing in New York City
… New York City ended its 2016 fiscal year on June 30 with an estimated surplus of $4 billion, but needs to be … New York City ended its 2016 fiscal year on June 30 with an estimated surplus of $4 billion but needs to be …
https://www.osc.ny.gov/press/releases/2016/08/dinapoli-economic-and-tax-collection-growth-slowing-new-york-cityOpinion 92-17
… or statutory amendments that bear on the issues discussed in the opinion. SALES TAX -- Agreements (right of towns to … school district purposes shall be distributed to the towns in the county or whether such areas may be omitted entirely from the sales tax distribution scheme set forth in the agreement. Under subdivision (a) of Tax Law, §1262, a …
https://www.osc.ny.gov/legal-opinions/opinion-92-17DiNapoli: Local Governments Challenged by Slow Revenue Growth
… “As local governments adapt to changing circumstances, my office will continue to support them with training, …
https://www.osc.ny.gov/press/releases/2017/01/dinapoli-local-governments-challenged-slow-revenue-growthPhysical Accessibility to Programs and Services (2025-MS-1)
… Big Flats , Town of Brookhaven , Town of Chili , Town of Clifton Park , City of Cohoes , Town of Colonie , Town of … a library book or having a meal at the senior center. It is important that individuals with disabilities can … and services and have physical access to the facilities where those programs and services are offered. Using the …
https://www.osc.ny.gov/local-government/audits/city/2025/05/06/physical-accessibility-programs-and-services-2025-ms-1DiNapoli Releases Industry Sector Dashboards to Track NYC Economic Recovery
… 20.8% below pre-pandemic levels. Retail : Despite a 9.2% increase in 2020, retail salaries remain about half that … 46.9% of its employment when the pandemic hit and remains 35.2% lower than the fourth quarter of 2019. The NYC sector …
https://www.osc.ny.gov/press/releases/2022/03/dinapoli-releases-industry-sector-dashboards-track-nyc-economic-recoveryDiNapoli: Local Sales Taxes Jump 49.2 Percent in Second Quarter
… the COVID-19 pandemic,” said DiNapoli. “While this is good news, local leaders are advised to budget carefully. If this … 2019, statewide collections in 2021 were up 8.7% or $396 million. Every region outside of New York City experienced … demand, along with purchases tied to recent spikes in home sales. In addition, two major changes that required many …
https://www.osc.ny.gov/press/releases/2021/07/dinapoli-local-sales-taxes-jump-49-point-2-percent-second-quarter