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DiNapoli: State Pension Fund Investments Return 5.84% for State Fiscal Year 2024-25
… was 5.84% for the state fiscal year that ended March 31, 2025. The Fund closed the year with an estimated value of $272.8 billion. (Note: In July 2025, following the annual audit of the Fund's financials, … volatility has been pronounced in the first half of 2025, with unpredictable actions out of Washington and other …
https://www.osc.ny.gov/press/releases/2025/06/dinapoli-state-pension-fund-investments-return-584-state-fiscal-year-2024-25DiNapoli: 31 School Districts Designated in Fiscal Stress
… as well as increases in state aid have provided districts with significant financial support,” DiNapoli said. “With much of the relief funding having been spent, the number … $4.6 billion in available federal pandemic relief funding. With this funding dwindling, in SY 2024-25, districts …
https://www.osc.ny.gov/press/releases/2026/01/dinapoli-31-school-districts-designated-fiscal-stressDiNapoli: Young People in NYC Still Face Double-Digit Unemployment
… at nearly 18% in the city, as compared to about 9% in the rest of New York state and 8% nationally. In comparison, … for young workers in New York City when compared to the rest of the state and the country and has had a particularly … 16- to 24-year-olds in the city reached 22%, while in the rest of New York state it was 16.5%, and 15.9% across the …
https://www.osc.ny.gov/press/releases/2022/12/dinapoli-young-people-nyc-still-face-double-digit-unemploymentDiNapoli: 14 School Districts Designated in Fiscal Stress
… monitoring system, which excludes New York City and the “Big Four” City School Districts of Buffalo, Rochester, … by school districts (excluding New York City and the Big Four) increased from $13.8 billion in SY 2020-21 to $15 …
https://www.osc.ny.gov/press/releases/2023/01/dinapoli-14-school-districts-designated-fiscal-stressDiNapoli: New State Funds Open Door for MTA to Ease Debt, Build Stronger Future Budgets
… New sources of recurring revenue in the state’s final budget and other aid, including expected revenue from … ease the debt service payments coming from its operating budget by a total of $1.5 billion from 2023 through 2026. The … and improve service. Additional assistance in the state budget, which is expected to provide funding to help balance …
https://www.osc.ny.gov/press/releases/2023/05/dinapoli-new-state-funds-open-door-mta-ease-debt-build-stronger-future-budgetsDiNapoli: Fiscal Stress Down Slightly in Villages
… Fiscal Stress Monitoring System has identified 18 villages in New York in some level of fiscal stress. For 2015, three villages have been classified as in “significant fiscal stress,” four in “moderate fiscal … Fiscal Stress Monitoring System has identified 18 villages in New York in some level of fiscal stress For 2015 three …
https://www.osc.ny.gov/press/releases/2016/02/dinapoli-fiscal-stress-down-slightly-villagesDiNapoli: Facilities Using Radioactive Materials or Radiation Equipment in New York City Were Not Always Properly Inspected or Licensed
… City Department of Health and Mental Hygiene (DoHMH) did not always inspect facilities using radioactive materials or … P. DiNapoli. The audit also found that the agency did not always follow up on violations to confirm they were … facilities with radioactive materials and found five were not licensed (including two for more than two years) and four …
https://www.osc.ny.gov/press/releases/2018/08/dinapoli-facilities-using-radioactive-materials-or-radiation-equipment-new-york-city-were-not-alwaysDiNapoli: Fewer School Districts Overriding Tax Cap
… number of school districts overriding New York’s property tax cap declined by more than half over the past three fiscal … districts were twice as likely to override the tax cap compared to high-need districts. “Local school … Overall, 6.5 percent of districts exceeded the tax cap in 2012-13 (44 districts), 4.7 percent (32) in …
https://www.osc.ny.gov/press/releases/2015/02/dinapoli-fewer-school-districts-overriding-tax-capComptroller DiNapoli Statement on Elon Musk's Trillion Dollar Pay Proposal & Tesla Board Members
… New York State Comptroller Thomas P. DiNapoli, trustee of the New York State Common Retirement Fund, released the … pay proposal is excessive, waters down the holdings of other shareholders, and gives a captive board unwarranted … distractions, Tesla proposes to reward Musk, currently one of the richest men in the world, with another unprecedented …
https://www.osc.ny.gov/press/releases/2025/10/comptroller-dinapoli-statement-elon-musks-trillion-dollar-pay-proposal-tesla-board-membersOpinion 91-53
… This opinion represents the views of the Office of the State Comptroller at the time it was … asking whether town board members who serve as "recreation commissioner" and "water commissioner" may receive compensation in addition to their … Whether town board members who serve as recreation commissioner and water commissioner may receive compensation …
https://www.osc.ny.gov/legal-opinions/opinion-91-53Opinion 95-17
… or statutory amendments that bear on the issues discussed in the opinion. IMPROVEMENT DISTRICTS -- Property (transfer … This is response to your inquiry concerning the use, in a sewer district, of personal property owned by the town. … You indicate that the town owns a supply of sand that is in excess of its own needs for the foreseeable future. The …
https://www.osc.ny.gov/legal-opinions/opinion-95-17Opinion 95-15
… reduction of taxes levied for library purposes (1979 Opns St Comp No. 79-103, unreported; 1975 Opns St Comp No. 75-1210, unreported). We reached this conclusion …
https://www.osc.ny.gov/legal-opinions/opinion-95-15Opinion 91-31
… generally prohibits persons owning or having custody of a dog within the county from permitting a dog not actively immunized from rabies to be at large. In addition, pursuant to section 2142, any dog found at large in violation of section 2140 may be seized …
https://www.osc.ny.gov/legal-opinions/opinion-91-31DiNapoli: Audit Questions Payments Made to Supportive Housing Provider
… and $489,616 in questionable costs that were paid by the state Office of Mental Health (OMH) to an Altamont, N.Y. … housing provider for New Yorkers with mental illness. The audit released today examined Rehabilitation Support … Schoharie, Sullivan and Tioga counties. This is the sixth audit since 2014 that examined companies providing …
https://www.osc.ny.gov/press/releases/2017/05/dinapoli-audit-questions-payments-made-supportive-housing-providerDiNapoli: Former Hannibal Fire Chief and Father Arrested
… today announced the arrest of former Hannibal Fire Chief Chris Emmons for allegedly stealing $18,000, and Carl Emmons Sr., Chris Emmons’ father and a volunteer firefighter, for … to abuse their public position will be brought to justice. Chris and Carl Emmons perpetuated a manipulative financial …
https://www.osc.ny.gov/press/releases/2024/02/dinapoli-former-hannibal-fire-chief-and-father-arrestedDiNapoli Says Wall Street May Still Have a Good Year Given Strong Start
… the year, the securities industry faces volatile financial markets and an unsteady global economy,” DiNapoli said. … raise short-term interest rates have shaken the financial markets since the beginning of August, which could reduce …
https://www.osc.ny.gov/press/releases/2015/10/dinapoli-says-wall-street-may-still-have-good-year-given-strong-startDiNapoli: 2020-21 Tax Revenues $3 Billion Over Projections
… 2020-21 totaled $82.4 billion — $3 billion higher than forecast by the state Division of the Budget (DOB) in the … (latest projections), and $6.8 billion higher than forecast in May 2020 (initial projections), according to the … which was $1.5 billion higher than the most recent forecast; $918 million in payments were made to eliminate all …
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
… year-to-date collections continue to lag prior year results, tax collections through February were $758.4 million … Although yeartodate collections continue to lag prior year results tax collections through February were $7584 million …
https://www.osc.ny.gov/press/releases/2021/03/dinapoli-tax-revenues-february-758-million-over-budget-projectionsState Falls Short in Verifying if Companies Qualify for Tax Breaks Under Excelsior Program
… breaks in the first place, according to an audit released today by State Comptroller Thomas P. DiNapoli. DiNapoli’s … breaks in the first place according to an audit released today by State Comptroller Thomas P DiNapoli …
https://www.osc.ny.gov/press/releases/2016/07/state-falls-short-verifying-if-companies-qualify-tax-breaks-under-excelsior-programBayport Blue Point Union Free School District – Lead Testing and Reporting (S9-25-8)
… and Boards of Cooperative Educational Services (BOCES) to test potable (i.e., consumable) water for lead, report the … pandemic). Cycle Three: January 1, 2023 to December 31, 2025. 2 Audit Summary District officials did not properly … time periods. District officials reported the Cycle Two test results through DOH’s Health Electronic Response Data …
https://www.osc.ny.gov/local-government/audits/school-district/2025/08/01/bayport-blue-point-union-free-school-district-lead-testing-and-reporting