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DiNapoli: Wall St. Profits Return to Pre-Pandemic Levels
… Wall Street’s pandemic boom came to an end in 2022, with pretax, first half profits of $13.5 billion, down 56.3% from the $31 billion earned in the same period last year, according to State Comptroller … “The last two years of profits and bonuses fueled in part by the extraordinary federal response to the pandemic …
https://www.osc.ny.gov/press/releases/2022/10/dinapoli-wall-st-profits-return-pre-pandemic-levelsDiNapoli: MTA Budget Gaps Driven By Fare Revenue Drop
… The Metropolitan Transportation Authority’s (MTA) proposal to reduce budget gaps through 2028 by an average of $915 … million annually by paying down debt raises questions on how it will find additional savings and revenue to fund operations when federal aid runs out, according to a …
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
… they are taking to address the recommendations. Their full response is included in the audit. Audit Overlap, …
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
… Process and Document Preparation In the event that an agency must process a payment that uses … In the event that an agency must process a payment that uses …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xii/xii5n-processing-vouchers-using-msc01-business-unitDiNapoli: 23 School Districts Designated in Fiscal Stress
… caused by the onset of the pandemic, the state’s property tax cap will limit levy growth for school districts at 2% next year. The tax cap, which first applied to local governments and school …
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
… this Unmet Need. DiNapoli’s audit found NYSOFA fell short on delivering those funds when more senior citizens …
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
… to trick recipients into making a payment for “an upgrade” in exchange for reduced taxes, additional money added to … Retirement Fund is the third largest public pension fund in the United States with estimated assets of $254.8 billion … ranked as one of the best managed and best funded plans in the nation. The Fund's fiscal year ends March 31. …
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 in May 2020 (initial projections), according to the March State Cash Report released today by New York … than anticipated,” DiNapoli said. “We face a long road to recovery, and the state’s economy still faces serious … most recent forecast; $918 million in payments were made to eliminate all remaining pension amortization costs; $692.8 …
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
… and use taxes, which include sales tax receipts, fell short of the previous February, and were down $60.5 million, … partly by withheld payments as well as receipts from short-term borrowing that DOB anticipates repaying before the …
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
… a slight decline in total donations, as well as in the number of contributions, in the 2019-20 state fiscal year … fiscal year (others were not yet in effect). Although the number of check-offs has increased, total contributions have … million, down 2 percent from a year earlier, while the number of contributions declined by 9 percent. The Return a …
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
… quite strong in May, as consumers continued to face higher prices for goods and services in the state,” DiNapoli said. … also experienced double-digit growth in collections, at least partially due to recent high inflation, including soaring gas prices. Yates County saw the largest increase at 34.8% in …
https://www.osc.ny.gov/press/releases/2022/06/dinapoli-local-sales-tax-collections-grew-nearly-17-mayNYS Common Retirement Fund Announces Third Quarter Results
… December 31, 2014, bringing the Fund’s estimated value to $181.7 billion, according to New York State Comptroller Thomas P. DiNapoli. “Prudent … despite market volatility,” DiNapoli said. “We continue to seek out diverse opportunities that enable us to maximize …
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
… taken to ensure cyber security. DiNapoli's request, in the form of a shareholder proposal , will be voted on at … on what actions it has taken to mitigate cyber risk in its operations. For any long term investor, this could be … I am urging our fellow shareholders to join us in calling for more details from the company." DiNapoli filed …
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
… Wells Fargo shareholders urging them to support his call for the bank to provide a report detailing the company's … to fellow Wells Fargo shareholders to support his call for the bank to provide a report detailing the companys …
https://www.osc.ny.gov/press/releases/2018/04/ny-state-comptroller-dinapoli-wells-fargo-needs-pull-back-curtain-its-incentive-pay-programDiNapoli: Tax Collector Sentenced for Dodging Her Own Tax Bills
… by State Comptroller Thomas P. DiNapoli’s office. St. Lawrence County Court Judge Jerome J. Richards sentenced … resigned her clerk’s job and a second position at the St. Lawrence County Clerk’s Office. “Too often, small towns … Board inspected the books. Thanks to our partnership with St. Lawrence County District Attorney Mary Rain and St. …
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
… According to the NYPD, officers took various actions at 22 of the 30 sampled locations. The noted actions included …
https://www.osc.ny.gov/press/releases/2017/06/state-audit-shows-need-improve-response-noise-complaints-nycOpinion 88-28
… York , 257 AD 219, 13 NYS2d 119, reversing 170 Misc 14, 9 NYS2d 760; In re Gainsway , 66 Misc 521, 123 NYS 966). In accordance with this rule, in …
https://www.osc.ny.gov/legal-opinions/opinion-88-28Open Educational Resources
… in CUNYfirst, CUNY’s system for course registration. Since November 2018, CUNY has published six annual OER reports …
https://www.osc.ny.gov/state-agencies/audits/2025/03/27/open-educational-resourcesDiNapoli: Local Sales Tax Revenue Slows in 2016
… Local sales tax collections across New York state only grew 1.7 percent in the first six months of 2016, according to a … collections declined in the Central New York region by 1.3 percent, in the Western New York region by 0.7 percent … down $156 million. In 2006, counties had the option to switch to a flat “cents per gallon” tax, as the state changed …
https://www.osc.ny.gov/press/releases/2016/08/dinapoli-local-sales-tax-revenue-slows-2016DiNapoli: Potential Changes in Federal Policies Pose Risks for New York City's Budget
… Medicaid," DiNapoli said. "With these risks in mind, Mayor de Blasio and the city have prudently increased reserves to …
https://www.osc.ny.gov/press/releases/2017/08/dinapoli-potential-changes-federal-policies-pose-risks-new-york-citys-budget