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DiNapoli: Tax Revenues in February $758 Million Over Budget Projections
… spending through February totaled $77.1 billion, which was $8.7 billion, or 10.1 percent, lower than last year. This …
https://www.osc.ny.gov/press/releases/2021/03/dinapoli-tax-revenues-february-758-million-over-budget-projectionsDiNapoli: State Pension Fund Value $194.3 Billion
… early outbreak of the pandemic in the United States with a value of $194.3 billion. Globally, assets swiftly recovered … employees, retirees and their beneficiaries. The Fund's value reflects retirement and death benefits of $13.25 … expected rate of return is 6.8 percent. The Fund’s value and rate of return in prior years is available online: …
https://www.osc.ny.gov/press/releases/2020/07/dinapoli-state-pension-fund-value-1943-billionDiNapoli: Audit Questions Payments Made to Supportive Housing Provider
… $489,616 in questionable costs that were paid by the state Office of Mental Health (OMH) to an Altamont, N.Y. company … additional claimed costs totaling over $848,000. "The Office of Mental Health is not fulfilling its responsibility … the final report, which can be found at: http://osc.state.ny.us/audits/allaudits/093017/16s5.pdf To read a report …
https://www.osc.ny.gov/press/releases/2017/05/dinapoli-audit-questions-payments-made-supportive-housing-providerDiNapoli Releases Report on State Spending to Implement Raise the Age Law
… appropriated $1.71 billion through State Fiscal year (SFY) 2025 to help counties implement the provisions of the “Raise the Age” (RTA) law enacted in … and was therefore not included in the analysis. As of SFY 2025, state appropriations for RTA included $160 million for …
https://www.osc.ny.gov/press/releases/2025/05/dinapoli-releases-report-state-spending-implement-raise-age-lawAvoca Central School District – Procurement (2025M-29)
… (district) purchases should be made in the best interest of the taxpayers. One method for ensuring that goods and … do not solicit competition during the procurement of goods and services, taxpayers have less assurance that … also did not develop procedures governing the procurement of goods and services not subject to New York State …
https://www.osc.ny.gov/local-government/audits/school-district/2025/06/13/avoca-central-school-district-procurement-2025m-29DiNapoli Tracks NYC Agency Performance, Recommends Greater Transparency
… Administrative Services is processing civil service exam results more quickly, from 323 days in June 2019 to 276 …
https://www.osc.ny.gov/press/releases/2024/12/dinapoli-tracks-nyc-agency-performance-recommends-greater-transparencySouthwestern Central School District – Claims Audit (2025M-34)
… complied with its written policies, and that each purchase was for a proper school district purpose. The Board delegated … to allow the claims auditor to determine whether the claim was a valid legal obligation, a proper charge against the … totaling $5.2 million were not properly audited as it was the Board’s responsibility to do so because the claims …
https://www.osc.ny.gov/local-government/audits/school-district/2025/07/25/southwestern-central-school-district-claims-audit-2025m-34Bayport Blue Point Union Free School District – Lead Testing and Reporting (S9-25-8)
… in combating lead poisoning, New York State (NYS) requires all public school districts and Boards of Cooperative … or implement needed remediation to reduce lead exposure in all potable water outlets as required by NYS Public Health … did not have a complete sampling plan to identify all water outlets for sampling or exemption. District …
https://www.osc.ny.gov/local-government/audits/school-district/2025/08/01/bayport-blue-point-union-free-school-district-lead-testing-and-reportingEssex County Industrial Development Agency – Project Approval and Monitoring (2024M-146)
… Of the nine approved projects we reviewed, a written CBA was not prepared for four of the projects, and the CBAs … assistance that the Board granted to these projects was not clear. Furthermore, officials did not annually assess … as required by GML. In addition, because jobs information was not recorded based on the number of full-time equivalent …
https://www.osc.ny.gov/local-government/audits/county/2025/08/15/essex-county-industrial-development-agency-project-approval-and-monitoring-2024mComptroller DiNapoli Statement on Elon Musk's Trillion Dollar Pay Proposal & Tesla Board Members
… trillion-dollar pay proposal is excessive, waters down the holdings of other shareholders, and gives a captive board … that have contributed to brand damage, extraordinary stock volatility, legal risk, the erosion of shareholder …
https://www.osc.ny.gov/press/releases/2025/10/comptroller-dinapoli-statement-elon-musks-trillion-dollar-pay-proposal-tesla-board-membersGreenburgh Central School District – Procurement (2024M-147)
… a fiscal year. Under such circumstances, a district’s contract may be competitively bid based on a cost per unit/labor hour rather than a fixed cost. The Board of … Comptroller’s authority as set forth in Article 3 of the New York State General Municipal Law. Our methodology and …
https://www.osc.ny.gov/local-government/audits/charter-school/2025/10/24/greenburgh-central-school-district-procurement-2024m-147DiNapoli Says Wall Street May Still Have a Good Year Given Strong Start
… Wall Street’s profits were strong in the first half of 2015 at $11.3 billion, the … may have positioned New York City’s securities industry for a good year despite recent economic developments, … to the 2008 financial crisis, securities industry profits were strong in 2013 and 2014, averaging $16.3 billion …
https://www.osc.ny.gov/press/releases/0215/10/dinapoli-says-wall-street-may-still-have-good-year-given-strong-startNY State Comptroller DiNapoli Asks Express Scripts' Shareholders to Back Cyber Security Risk Proposal
… Scripts shareholders urging them to support his call for the pharmacy benefit management company to publicly … it has taken to mitigate cyber risk in its operations. For any long term investor, this could be both material and … I am urging our fellow shareholders to join us in calling for more details from the company." DiNapoli filed the …
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
… New York State Comptroller Thomas P. DiNapoli, trustee of the New York State Common Retirement Fund (the Fund), … DiNapoli's shareholder proposal will be put to a vote of fellow investors at the bank's annual meeting on April 24. … be left to wonder when the next headline will inform us of a new scandal or more enforcement penalties. The board's …
https://www.osc.ny.gov/press/releases/2018/04/ny-state-comptroller-dinapoli-wells-fargo-needs-pull-back-curtain-its-incentive-pay-programDiNapoli: NYC Budget Benefiting From Strong Economy
… up to be another solid year for the city. Job growth in the five boroughs has been strong, helping to drive … recession. The city’s unemployment rate, 4.8 percent in October 2015, has returned to its prerecession level. New … begin raising short-term interest rates after keeping them near zero for seven years. While rates will likely rise …
https://www.osc.ny.gov/press/releases/2015/12/dinapoli-nyc-budget-benefiting-strong-economyDiNapoli: Local Sales Tax Revenue Slows in 2016
… Comptroller Thomas P DiNapoli Overall growth slowed from 26 percent in the first quarter to 08 percent in the second …
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
… New York City projects a surplus of nearly $4.2 billion in FY 2017, the largest since FY 2008, … City’s financial outlook. The city faces the possible loss of hundreds of millions of dollars in federal funding and cuts to … New York City projects a surplus of nearly $42 billion in FY 2017 the largest since FY 2008 …
https://www.osc.ny.gov/press/releases/2017/08/dinapoli-potential-changes-federal-policies-pose-risks-new-york-citys-budgetNYS Common Retirement Fund Announces Third Quarter Results
The New York State Common Retirement Funds Fund overall return in the third quarter of the state fiscal year 2015 was 191 percent for the threemonth period ending December 31 2014 bringing the Funds estimated value to $1817 billion according to New York State Comptroller Thomas DiNapoli
https://www.osc.ny.gov/press/releases/2015/02/nys-common-retirement-fund-announces-third-quarter-resultsOpinion 88-28
… This opinion represents the views of the Office of the State Comptroller at the time it was rendered. … and which is entered as second class mail matter in the post office of a city within the county in which the town is … for circulation. (Village of Tonawanda v Price , 171 NY 415, 64 NE 191; Loos v City of New York , 257 AD 219, 13 …
https://www.osc.ny.gov/legal-opinions/opinion-88-28DiNapoli: Contractor Failed to Turn Over $1.5 Million in Prescription Drug Rebates to NYS
… This money is intended to help hold down costs of the program and contractors are expected to make every effort to … to the state.” The New York State Health Insurance Program, administered by the Department of Civil Service, … to administer the Empire Plan’s prescription drug program. Under the contract, United was responsible for …
https://www.osc.ny.gov/press/releases/2016/11/dinapoli-contractor-failed-turn-over-15-million-prescription-drug-rebates-nys