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Financial Condition and Selected Expenses
… (e.g., on-track, simulcast) totals about $2.3 billion. In November 2006, NYRA filed for bankruptcy due to its poor … related to core operations. Further, NYRA asserts that EBITDA (earnings before income tax, depreciation, and … analysts to value businesses. However, the use of EBITDA to assess financial performance was not prescribed by …
https://www.osc.ny.gov/state-agencies/audits/2016/06/10/financial-condition-and-selected-expensesComptroller DiNapoli and A.G. Schneiderman Announce Guilty Plea by Former Met Council CFO in $9M Kickback Scheme
… date, June 17th, he faces no less than one year behind bars and up to 1 ½ to 4 ½ years in state prison. Cohen, who served as head of the council until 1993, …
https://www.osc.ny.gov/press/releases/2014/05/comptroller-dinapoli-and-ag-schneiderman-announce-guilty-plea-former-met-council-cfo-9m-kickbackDiNapoli: Temporary Federal Spending Drives Up NY’s National Ranking in States’ Balance of Payments
… The surge in federal spending in response to the COVID19 pandemic significantly improved New Yorks per capita …
https://www.osc.ny.gov/press/releases/2023/04/dinapoli-temporary-federal-spending-drives-nys-national-ranking-states-balance-paymentsHomeless Services Housing Needs Assessment
… and mental health), treatment for substance abuse, childcare services, and assistance with finding permanent … to permanent housing, including, foremost, access to affordable housing, supports such as assistance in obtaining …
https://www.osc.ny.gov/state-agencies/audits/2023/08/15/homeless-services-housing-needs-assessmentOversight of Disability Services
… Objective To determine whether the State University of New York has adequately provided access to campuses, programs, and services to students with … To determine whether the State University of New York has …
https://www.osc.ny.gov/state-agencies/audits/2023/08/09/oversight-disability-servicesState Comptroller DiNapoli Releases Municipal & School Audits
… fund balance was $34,092, which was less than 4% of the 2023 appropriations. The board underestimated expenditures by …
https://www.osc.ny.gov/press/releases/2023/08/state-comptroller-dinapoli-releases-municipal-school-audits-0Selected State Agencies’ Roles in Financial Literacy (Follow-Up)
… literacy reportedly not having 3 months of emergency funds vs. 58% for those with lower financial literacy. Similarly, … of Financial Services (DFS) in electronic format by November 1, 2021; DFS was required to post the information on … Assistance (OTDA), and the State University of New York (SUNY). Our audit found that, although each of the five …
https://www.osc.ny.gov/state-agencies/audits/2024/10/23/selected-state-agencies-roles-financial-literacy-followState Comptroller DiNapoli Releases Audits
… New York State Comptroller Thomas P. DiNapoli announced today the following audits have been issued. Empire State Development – COVID-19 Pandemic Small Business Recovery Grant Program (2023-S-10) Empire State Development (ESD) was charged with administering the …
https://www.osc.ny.gov/press/releases/2025/05/state-comptroller-dinapoli-releases-auditsWall Street Bonuses Rose In 2012
… P. DiNapoli. “Wall Street is still in transition, but it is slowly adjusting to changes in its economic and … have not been paid out. DiNapoli also reported that: The average cash bonus rose by an estimated 9 percent to almost … of those jobs located in New York City. The average salary , including bonuses, in the securities industry in New …
https://www.osc.ny.gov/press/releases/2013/02/wall-street-bonuses-rose-2012Opinion 89-42
… Section 357.21 of the regulations contains provisions for registration of securities and provides, that, except in the … Further, the regulations expressly authorize registration of a security "in the name of a county, city, … include, along with other information, the exact form of registration in which the security is held, the Treasury …
https://www.osc.ny.gov/legal-opinions/opinion-89-42DiNapoli: MTA Avoided A Fiscal Crisis, Now It Has To Convince Riders To Come Back
… annually from an increase in the Payroll Mobility Tax on large New York City employers, the MTA has balanced budgets … rider recovery means $325 million less in annual revenue. NYC Transit has set a target for 70% rider satisfaction by … the system. Capital and Debt It is currently uncertain how large the MTA’s 2025-2029 capital program will be or how it …
https://www.osc.ny.gov/press/releases/2023/10/dinapoli-mta-avoided-fiscal-crisis-now-it-has-convince-riders-come-backState Agencies Bulletin No. 1811
… reallocation. These employees require manual processing for payments such as performance advances or longevity. Going … Actions OSC has created NYS position numbers in PayServ for downward reallocated titles for each agency with employees affected by the change. For …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1811-new-procedure-maintaining-job-data-information-employees-reallocatedMaternal Health
… Objectives To determine whether the Department of Health (DOH) has implemented recommendations with the goal of … 2023. About the Program One key indicator of the overall health of a population is its occurrence of maternal … result in short- or long-term consequences to a person’s health, including postpartum depression and any …
https://www.osc.ny.gov/state-agencies/audits/2024/07/30/maternal-healthNew Windsor Couple Charged With Stealing Over $2 Million From New York By Submitting False Medicaid Provider Claims
… New York State Comptroller Thomas P. DiNapoli and Orange County District Attorney David M. Hoovler announced that on Thursday, October 30, 2025, Rohail Raja, age 45, and his wife, Sharma Alam, age 45, both of the Town … schemes. A joint investigation was conducted by the Orange County District Attorney’s Office, the Office of the New York …
https://www.osc.ny.gov/press/releases/2025/10/new-windsor-couple-charged-stealing-over-2-million-new-york-submitting-false-medicaid-provider-claimsVendor File Advisory No. 8
… or prompt payment interest after, 15 days as established in State Finance Law Section 179-F. …
https://www.osc.ny.gov/state-agencies/advisories/vendor-file-advisory/8-vendor-certifications-updateChild Support and Spousal Maintenance – Divorce and Your Benefits
… An Income Withholding Order for child support or spousal maintenance that was served on a member’s employer before retirement cannot be applied toward the member’s pension payments. A new Income …
https://www.osc.ny.gov/retirement/members/divorce/child-support-and-spousal-maintenanceCUNY Bulletin No. CU-342
This bulletin informs agencies of the implementation of new increment codes and corresponding system improvements
https://www.osc.ny.gov/state-agencies/payroll-bulletins/city-university-new-york/cu-342-new-increment-codes-psc-titlesOpinion 2006-5
… discussed in the opinion. LOCAL LAWS -- Compensation (mid-term decrease for elected town officers) -- Referendum Requirements (mid-term salary decrease for elected town officers) PUBLIC … and Duties (mid-term salary decrease for elected officers by local law subject to mandatory referendum) TOWN LAW …
https://www.osc.ny.gov/legal-opinions/opinion-2006-5Opinion 95-23
… NY 317; see also 1971 Opns St Comp No. 71-659, unreported; 26 Opns St Comp, 1970, p 209). Section 118(1) does not …
https://www.osc.ny.gov/legal-opinions/opinion-95-23Opinion 92-36
… of an enhanced 911 emergency telephone system in an area encompassing less than the entire county. You ask … fathers have spent the money to upgrade their 911 service area should pay the surcharge". County Law, §303(1) provides … system in section 302(2) must be read together with the rest of that clause which provides that the surcharge is to …
https://www.osc.ny.gov/legal-opinions/opinion-92-36