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DiNapoli: MTA Budget Gaps Driven By Fare Revenue Drop
… million annually by paying down debt raises questions on how it will find additional savings and revenue to fund … on these efforts, disclose specific actions and identify how they will impact fares and service delivery. “The MTA has … steep fare hikes or service cuts. However, it is unclear how the MTA will avoid these outcomes unless it lays out …
https://www.osc.ny.gov/press/releases/2022/11/dinapoli-mta-budget-gaps-driven-fare-revenue-dropDiNapoli: New York’s Workforce Development Programs Lack Governance and Coordination
… “Workforce development is crucial to help New York recover from the COVID-19 pandemic, but the programs across the state …
https://www.osc.ny.gov/press/releases/2022/05/dinapoli-new-yorks-workforce-development-programs-lack-governance-and-coordinationXII.5.N Processing Vouchers using the MSC01 Business Unit – XII. Expenditures
… agency must use its own Business Unit code on the voucher header and reference the MSC01 Business Unit on the … should not use the MSC01 Business Unit on the voucher header for any transactions. Guide to Financial Operations … agency must use its own Business Unit code on the voucher header and reference the MSC01 Business Unit on the …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xii/xii5n-processing-vouchers-using-msc01-business-unitDiNapoli: 23 School Districts Designated in Fiscal Stress
… Twenty-three school districts statewide were designated in some level of … P. DiNapoli’s Fiscal Stress Monitoring System for the school year (SY) ending on June 30, 2021, down from 31 school districts in fiscal stress the prior year. “Fewer of … Twentythree school districts statewide were designated in some level of …
https://www.osc.ny.gov/press/releases/2022/01/dinapoli-23-school-districts-designated-fiscal-stressDiNapoli: NYS Office for the Aging Falling Short Funding Program for Seniors
… The New York State Office for the Aging (NYSOFA) failed to spend millions of dollars on … Thomas P. DiNapoli. “There are older New Yorkers waiting for services to help them remain independent and out of nursing homes, but the Office for the Aging isn’t doing enough to make sure the funding for …
https://www.osc.ny.gov/press/releases/2022/01/dinapoli-nys-office-aging-falling-short-funding-program-seniorsNYS Comptroller DiNapoli: Beware Text Message Scam Targeting Retirees
… by calling the Albany FBI Field Office at 518-465-7551 or 1-800-CALLFBI. “I want to be very clear to our system’s retirees and members — these are phony … by calling the Comptroller’s toll-free Fraud Hotline at 1-888-672-4555, by filing a complaint online at …
https://www.osc.ny.gov/press/releases/2021/05/nys-comptroller-dinapoli-beware-text-message-scam-targeting-retireesDiNapoli: 2020-21 Tax Revenues $3 Billion Over Projections
… than forecast by the state Division of the Budget (DOB) in the Amended Executive Budget Financial Plan in February (latest projections), and $6.8 billion higher than forecast in May 2020 (initial projections), according to the March … than forecast by the state Division of the Budget DOB in the Amended Executive Budget Financial Plan in February …
https://www.osc.ny.gov/press/releases/2021/04/dinapoli-2020-21-tax-revenues-3-billion-over-projectionsDiNapoli: Tax Revenues in February $758 Million Over Budget Projections
… through February were $758.4 million higher than forecast in the most recent Division of the Budget (DOB) update to the … DiNapoli said. “While these resources will be helpful in the state’s ongoing recovery effort, it is important to … and think long-term, as challenges remain.” Tax revenues in the month of February totaled $7 billion, $1.8 billion …
https://www.osc.ny.gov/press/releases/2021/03/dinapoli-tax-revenues-february-758-million-over-budget-projectionsDiNapoli Releases Report on Tax Check-Off Donations
… were being collected in various funds but not being spent on the intended purposes in a timely manner. The report … choices for making charitable donations through check-offs on their state PIT returns continue to grow. At the end of …
https://www.osc.ny.gov/press/releases/2021/02/dinapoli-releases-report-tax-check-off-donationsDiNapoli: Local Sales Tax Collections Grew by Nearly 17% in May
… in New York state increased by 16.7% in May compared to the same month in 2021, according to an analysis released … continued to face higher prices for goods and services in the state,” DiNapoli said. “My office is closely monitoring New York’s economy, including the impact of inflation on consumer behavior." New York …
https://www.osc.ny.gov/press/releases/2022/06/dinapoli-local-sales-tax-collections-grew-nearly-17-mayDiNapoli: State Pension Fund Value $194.3 Billion
… who consistently pay their contributions in good times and bad. Every three years the Fund is required to undergo an …
https://www.osc.ny.gov/press/releases/2020/07/dinapoli-state-pension-fund-value-1943-billionDiNapoli Releases Report on FY 2027 Proposed Executive Budget
… report examining the proposed State Fiscal Year (SFY) 2027 Executive Budget warns the trajectory of projected state spending is … affect the state’s economy, finances and safety net. “The Executive Budget for the upcoming state fiscal year comes at … Report examining the proposed State Fiscal Year SFY 2027 Executive Budget warns the trajectory of projected state …
https://www.osc.ny.gov/press/releases/2026/02/dinapoli-releases-report-fy-2027-proposed-executive-budgetDiNapoli: NYC Budget Benefiting From Strong Economy
… New York City is projecting a surplus of $135 million for fiscal year 2016, but the surplus will … in 2015. At the same time, the securities industry, one of the city’s economic engines, is on track for a good year … relatively small (ranging from 2.1 percent to 4.6 percent of city fund revenues), and the budgets for these years …
https://www.osc.ny.gov/press/releases/2015/12/dinapoli-nyc-budget-benefiting-strong-economyNYS Common Retirement Fund Announces Third Quarter Results
… Common Retirement Fund’s (Fund) overall return in the third quarter of the state fiscal year 2015 was 1.91 percent … State Common Retirement Funds Fund overall return in the third quarter of the state fiscal year 2015 was 191 percent …
https://www.osc.ny.gov/press/releases/2015/02/nys-common-retirement-fund-announces-third-quarter-resultsNY State Comptroller DiNapoli Asks Express Scripts' Shareholders to Back Cyber Security Risk Proposal
… Security numbers, birth dates, addresses and driver's license numbers. Express Scripts had sought to prevent …
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
… detailing the company's efforts to determine whether its incentive pay practices have exposed it to financial loss. … investors at the bank's annual meeting on April 24. "Incentive pay practices have been identified as contributing … whether the company has taken steps to identify employees' incentive-based compensation that could spur conduct that …
https://www.osc.ny.gov/press/releases/2018/04/ny-state-comptroller-dinapoli-wells-fargo-needs-pull-back-curtain-its-incentive-pay-programNYS Common Retirement Fund Reports First Quarter Results
The New York State Common Retirement Funds Fund estimated return in the first quarter of the State Fiscal Year SFY 201920 was 338 percent for the threemonth period ending June 30 2019 raising its estimated value to $2162 billion according to New York State Comptroller Thomas P DiNapoli
https://www.osc.ny.gov/press/releases/2019/08/nys-common-retirement-fund-reports-first-quarter-resultsDiNapoli: Tax Collector Sentenced for Dodging Her Own Tax Bills
… Sheppard was sentenced to five years probation and paid a total of $4,303 in restitution for falsifying her own tax … Sheppard was sentenced to five years probation and paid a total of $4303 in restitution for falsifying her own tax …
https://www.osc.ny.gov/press/releases/2015/10/dinapoli-tax-collector-sentenced-dodging-her-own-tax-billsState Audit Shows Need to Improve Response to Noise Complaints in NYC
… The growing number of noise complaints related to nightlife establishments in New York City highlights the … State Comptroller Thomas P. DiNapoli. "The number of noise complaints in New York City more than doubled between 2010 … The growing number of noise complaints related to nightlife establishments in New York …
https://www.osc.ny.gov/press/releases/2017/06/state-audit-shows-need-improve-response-noise-complaints-nycOpinion 88-28
… in the Borough of Manhattan, rather than the Borough of Queens, because the newspaper was printed and "first given to …
https://www.osc.ny.gov/legal-opinions/opinion-88-28