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DiNapoli: Lockport Facing Severe Cash Flow Problems
… for operations in the very near future unless it secures new financing or drastically cuts expenditures, according to an audit released today by New York State Comptroller Thomas P. DiNapoli. The city’s financial troubles stem from poor record keeping and a …
https://www.osc.ny.gov/press/releases/2014/08/dinapoli-lockport-facing-severe-cash-flow-problemsDiNapoli: SUNY Downstate Failed to Get Its Money's Worth From Cost-Cutting Consultant
… Thomas P. DiNapoli questions whether $74 million in savings even happened. A prior DiNapoli audit released in August 2016 found questionable travel and excessive … is needed to protect public dollars." Legislation passed in 2013 authorized SUNY Downstate to obtain services related …
https://www.osc.ny.gov/press/releases/2018/02/dinapoli-suny-downstate-failed-get-its-moneys-worth-cost-cutting-consultantAudit Recommends Improvements to NFTA Capital Planning
… needs are met. Additionally, auditors found management does not maintain documentation to support their …
https://www.osc.ny.gov/press/releases/2016/04/audit-recommends-improvements-nfta-capital-planningDiNapoli Seeks Increased Diversity at Pension Fund's Portfolio Companies
… New York State Comptroller Thomas P. DiNapoli today announced a series … their businesses not just because it is the right thing to do, but because they will be better positioned to prosper in … civil rights, racial equity, diversity and inclusion, and how these affect the company’s business. Last year, the …
https://www.osc.ny.gov/press/releases/2023/02/dinapoli-seeks-increased-diversity-pension-funds-portfolio-companiesNew York State Health Insurance Program – Payments by Beacon Health Options for Mental Health and Substance Abuse Services for Ineligible Members (Follow-Up)
… of implementation of the four recommendations included in our initial audit report, New York State Health Insurance … NYBEAS disenrollment is entered after the date the change in eligibility takes effect, it is considered a retroactive … 2015 through December 2020. We identified $3.21 million in overpayments for services, which resulted primarily from …
https://www.osc.ny.gov/state-agencies/audits/2024/01/03/new-york-state-health-insurance-program-payments-beacon-health-options-mental-health-andDiNapoli Releases May State Cash Report
… New York state collected just over $12 billion in taxes during … of $7.8 billion, which was $290.5 million higher than the latest projection and $1.8 billion lower than last May 31. To … on his transparency website called Open Book New York ( www.openbooknewyork.com ). … New York state collected …
https://www.osc.ny.gov/press/releases/2016/06/dinapoli-releases-may-state-cash-reportDiNapoli: CDTA Overtime Expenses and Ridership Growing
… amid steady ridership growth in recent years, according to a report released today by State Comptroller Thomas P. … mile have been trending downward. Pursuing opportunities to boost ridership and identify cost savings will help assure … More than 10 percent of all CDTA employees were reported to have overtime amounts that totaled more than 50 percent of …
https://www.osc.ny.gov/press/releases/2016/06/dinapoli-cdta-overtime-expenses-and-ridership-growingNY State Comptroller DiNapoli Announces New $50 Million Investment in Northern Ireland
… New York State Comptroller Thomas P. DiNapoli was joined in Belfast by Joseph Kennedy III, U.S. Department of State … to announce a new $50 million commitment to invest in Northern Ireland companies from the New York State Common … economic relationship,” DiNapoli said. “Our commitments in Northern Ireland have provided a solid return and that’s …
https://www.osc.ny.gov/press/releases/2023/10/ny-state-comptroller-dinapoli-announces-new-50-million-investment-northern-irelandDiNapoli & Lander’s Proposal Calling on Wells Fargo Board to Report on Efforts to Prevent Discrimination and Harassment Wins Majority Support From Shareholders
… a proposal filed by the New York State Common Retirement Fund (Fund) and the New York City Pension Funds. DiNapoli serves as the trustee of the Fund and … largest U.S. banks, approved the proposal at the company’s annual meeting on April 25 with 55% support, excluding …
https://www.osc.ny.gov/press/releases/2023/05/dinapoli-landers-proposal-calling-wells-fargo-board-report-efforts-prevent-discrimination-andDiNapoli: Some Affordable Apartments for Seniors Left Vacant for Years
… Thomas P. DiNapoli found. The audit examined whether the NYC Department of Housing Preservation and Development (HPD) and the NYC Housing Development Corporation (HDC) properly oversee … over and that available apartments don’t sit vacant.” The NYC HPD is the largest municipal housing agency in America …
https://www.osc.ny.gov/press/releases/2023/07/dinapoli-some-affordable-apartments-seniors-left-vacant-yearsState Agencies Bulletin No. 1945.1
… Payroll Bulletin No. 1945 . Purpose: The purpose of this bulletin is to notify agencies of several process … New Action/Reason for Workers’ Compensation Correct History Requests Agencies do not have the ability to correct … as outlined in Payroll Bulletin No. 1366 effective the day after their contract ends. In addition, the agency must …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/19451-process-changes-workers-compensation-leave-payservDiNapoli: NYC Transportation and Warehousing Sector Fares Better Than Other Sectors in Recovery Amid Shift to E-Commerce
… The sector’s relatively strong job gains over the past two years were fueled by increased demand for moving goods … This demand historically fueled employment in the two largest subsectors of the transportation and warehousing …
https://www.osc.ny.gov/press/releases/2022/06/dinapoli-nyc-transportation-and-warehousing-sector-fares-better-other-sectors-recovery-amid-shift-eXII.8.C Payment Intercepts – XII. Expenditures
… (OSC) has the ability to offset payments received from the Business Unit and offset a portion of that payment … with guidance on how to request OSC to intercept a payment from a Business Unit and divert it to another entity. Process … to be paid to one entity must be diverted, in whole or in part, to another entity, the Business Unit must send a …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xii/xii8c-payment-interceptsDiNapoli Seeks Information on Safety Measures Taken by Businesses Involved in Shipping Oil
… information about measures the businesses are taking in response to the increasing number of serious accidents … DiNapoli said. “Recent rail accidents resulting in catastrophic losses from oil spills pose serious risks for … members, retirees and beneficiaries.” A 2013 derailment in Lac-Megantic, Quebec, resulted in 47 deaths and liability …
https://www.osc.ny.gov/press/releases/2015/06/dinapoli-seeks-information-safety-measures-taken-businesses-involved-shipping-oilLocal Government – 2021 Financial Condition Report
… Generally, the property tax cap law limits levy increases to the lesser of 2 percent or the rate of inflation, with … The law also includes provisions for a local government to override the tax cap. The calculated allowable levy growth … the pandemic took hold, allowable levy growth dropped, to a low of 1.09 percent for local governments with fiscal …
https://www.osc.ny.gov/reports/finance/2021-fcr/local-governmentDiNapoli Examines Faltering LinkNYC Program
… to hold accountable the developers of the city’s ambitious program to expand access to high-speed internet, known as LinkNYC, prevented the program from achieving its goals of bridging the digital … neighborhoods need broadband connection, but the LinkNYC program has not succeeded largely because the city has not …
https://www.osc.ny.gov/press/releases/2021/07/dinapoli-examines-faltering-linknyc-programDiNapoli Releases April State Cash Report
… $420.4 million or 4.9 percent from April 2015, according to the monthly state cash report issued today by State … P. DiNapoli. The year-over-year decline is primarily due to lower estimated personal income tax (PIT) payments as a … were in line with more conservative projections compared to just a few months ago as the economy has shown signs of …
https://www.osc.ny.gov/press/releases/2016/05/dinapoli-releases-april-state-cash-reportDiNapoli: Fast Food Companies Agree to Stronger Supplier Oversight
… public pension fund in the United States, with estimated assets of $178.3 billion as of Dec. 31, 2015. The Fund holds and invests the assets of the New York State and Local Retirement System on …
https://www.osc.ny.gov/press/releases/2016/05/dinapoli-fast-food-companies-agree-stronger-supplier-oversightDiNapoli: Homeless New Yorkers Relying on CityFHEPS Face Significant Delays for Permanent Housing
… Inadequate oversight of a New York City rental assistance program is leading to … today by New York State Comptroller Thomas P. DiNapoli. The audit found the New York City Department of Social … taken any steps to investigate why delays are occurring or how to fix them. Subsidy Payment Delays Auditors requested …
https://www.osc.ny.gov/press/releases/2024/10/dinapoli-homeless-new-yorkers-relying-cityfheps-face-significant-delays-permanent-housingDiNapoli: State Agency Mishandled Housing Discrimination Complaints
… The New York State Division of Human Rights (DHR) failed to properly … or negotiate the sale, lease or rental of housing based on a protected class, such as age, race, income, national … to include sufficient evidence of their efforts to reach out to complaints in their case files as required by HUD. In …
https://www.osc.ny.gov/press/releases/2024/10/dinapoli-state-agency-mishandled-housing-discrimination-complaints