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DiNapoli: MTA Budget Gaps Driven By Fare Revenue Drop
… (MTA) proposal to reduce budget gaps through 2028 by an average of $915 million annually by paying down debt … aid runs out, according to a report issued today by State Comptroller Thomas P. DiNapoli. While the MTA has … and tunnel expenses. DiNapoli urged the MTA to continue to search for operating efficiencies and identify and expand …
https://www.osc.ny.gov/press/releases/2022/11/dinapoli-mta-budget-gaps-driven-fare-revenue-dropDiNapoli Tracks NYC Agency Performance, Recommends Greater Transparency
… being impacted, according to a new report released today by New York State Comptroller Thomas P. DiNapoli. The analysis is based … to 144 unique services and 238 service goals established by agencies. “My office developed a comprehensive data tool …
https://www.osc.ny.gov/press/releases/2024/12/dinapoli-tracks-nyc-agency-performance-recommends-greater-transparencyDiNapoli Releases Report on State Spending to Implement Raise the Age Law
… mostly of local grants to reimburse counties. Those funds totaled $468.5 million through SFY 2025. In the …
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: Tax Collector Sentenced for Dodging Her Own Tax Bills
… to five years probation and paid a total of $4,303 in restitution for falsifying her own tax payments for at least three years until her crimes were exposed in an audit and investigation by State Comptroller Thomas P. … cash collections within 24 hours of receipt as required. In 2013 alone, Sheppard failed to deposit nearly $13,000 …
https://www.osc.ny.gov/press/releases/2015/10/dinapoli-tax-collector-sentenced-dodging-her-own-tax-billsNYS Common Retirement Fund Reports First Quarter Results
… pension fund remains one of the nation’s strongest and best funded, providing state and municipal employees with … Charitable Trusts once again ranked the Fund one of the best funded in the nation. Only eight states had a funded … The Fund has consistently been ranked as one of the best managed and best funded plans in the nation. The Fund's …
https://www.osc.ny.gov/press/releases/2019/08/nys-common-retirement-fund-reports-first-quarter-resultsNYS Common Retirement Fund Announces Third Quarter Results
… The New York State Common Retirement Fund’s (Fund) overall return in the … international public equities. The remaining Fund assets by allocation are invested in cash, bonds and mortgages (29.1 …
https://www.osc.ny.gov/press/releases/2015/02/nys-common-retirement-fund-announces-third-quarter-resultsDiNapoli: NYC Budget Benefiting From Strong Economy
… growth in the five boroughs has been strong, helping to drive revenues up,” DiNapoli said. “New York City added a record 120,000 jobs in 2014, and it is on pace to add 100,000 jobs in 2015. … of 2015 to $14.5 billion. The industry may curtail future hiring as it takes steps to support profits. DiNapoli’s …
https://www.osc.ny.gov/press/releases/2015/12/dinapoli-nyc-budget-benefiting-strong-economyDiNapoli: 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 report released today by State Comptroller Thomas P. DiNapoli. Overall, growth …
https://www.osc.ny.gov/press/releases/2016/08/dinapoli-local-sales-tax-revenue-slows-2016NY State Comptroller DiNapoli Asks Express Scripts' Shareholders to Back Cyber Security Risk Proposal
… Fund (Fund), today announced that he has written to fellow Express Scripts shareholders urging them to support his call for the pharmacy benefit management … taken to ensure cyber security. DiNapoli's request, in the form of a shareholder proposal , will be voted on at 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 DiNapoli trustee of the NYS Common Retirement Fund has written to fellow Wells Fargo shareholders to support his call for the bank to provide a report detailing the companys efforts to determine whether its incentive pay practices have exposed it to financial loss
https://www.osc.ny.gov/press/releases/2018/04/ny-state-comptroller-dinapoli-wells-fargo-needs-pull-back-curtain-its-incentive-pay-programDiNapoli: 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 …
https://www.osc.ny.gov/press/releases/2017/08/dinapoli-potential-changes-federal-policies-pose-risks-new-york-citys-budgetDiNapoli: Syosset Man Sentenced for Role in $12 Million Ponzi Scheme
… Nassau County District Attorney Anne T. Donnelly announced a Syosset man was sentenced today to up to ten-and-a-half years in prison for his role in a $12 million Ponzi … investment was safe, had no risk, and the principal would be returned after a two-year waiting period with additional …
https://www.osc.ny.gov/press/releases/2022/07/dinapoli-syosset-man-sentenced-role-12-million-ponzi-schemeDiNapoli: Contractor Failed to Turn Over $1.5 Million in Prescription Drug Rebates to NYS
… The Empire Plan is the primary health benefits plan for NYSHIP, serving about 1.1 million of these members. Civil … drug program. Under the contract, United was responsible for agreements with drug manufacturers for rebates, … rebates identified by the audit to Civil Service. Read the report , or go to: …
https://www.osc.ny.gov/press/releases/2016/11/dinapoli-contractor-failed-turn-over-15-million-prescription-drug-rebates-nysOvertime at State Agencies Reached All-Time High in 2020
… The total cost of overtime in 2020 at state agencies reached an all-time high at more than $850 … an upward trend over the last decade and spurred on by the COVID-19 pandemic, according to a report released … Agency Use of Overtime - 2020 Find out how your government money is spent at Open Book New York . Track municipal …
https://www.osc.ny.gov/press/releases/2021/05/overtime-state-agencies-reached-all-time-high-2020New York's 529 College Savings Program Delivers $287 Million to College Students Since January
… York students and families pay for more than $287 million in college-related expenses this year, New York State Comptroller Thomas P. DiNapoli said today in recognition of 529 College Savings Day to be celebrated on … the program now include eligible computer-related expenses in addition to tuition, fees, room and board for students …
https://www.osc.ny.gov/press/releases/2016/05/new-yorks-529-college-savings-program-delivers-287-million-college-students-januaryDiNapoli: NYC Budget Benefits From Stronger Economy
… narrow the out-year budget gaps, according to an analysis of the city’s financial plan released today by New York State … outlook has improved with the economy, but the possibility of an economic setback increases with each year,” DiNapoli … the city’s reserves, which would cushion the impact of an economic downturn.” The city’s revised financial plan …
https://www.osc.ny.gov/press/releases/2015/03/dinapoli-nyc-budget-benefits-stronger-economyDiNapoli: State Fiscal Year 2021-22 Tax Revenues $3.3 Billion Over Final Projections
… higher than forecast by the Division of the Budget (DOB) in the Amended Executive Budget financial plan released in February, and more than $30 billion higher than DOB’s … billion higher than the previous year. However, receipts in SFY 2021-22 include $16.4 billion in business tax …
https://www.osc.ny.gov/press/releases/2022/04/dinapoli-state-fiscal-year-2021-22-tax-revenues-33-billion-over-final-projectionsDiNapoli Releases December State Cash Report
… State tax collections through the first three quarters of the fiscal year declined $1.2 billion, or 2.2 percent, … year by more than $1 billion,”DiNapoli said. “The timing of payments and the level of financial sector bonuses will influence whether current …
https://www.osc.ny.gov/press/releases/2017/01/dinapoli-releases-december-state-cash-reportDiNapoli: State Tax Collections Outperform Budget Division Projections for 2023-24
… over $2 billion higher than forecast by the Division of the Budget (DOB) in the most recent financial plan, … in additional receipts above DOB estimates through the end of SFY 2024-25. Tax collections for SFY 2023-24 were $5.2 … collections outpaced forecasts,” DiNapoli said. “The pace of inflation and Federal Reserve Board interest rate …
https://www.osc.ny.gov/press/releases/2024/04/dinapoli-state-tax-collections-outperform-budget-division-projections-2023-24