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Selected Financial Management Practices
… Placid Regional Winter Sports Committee, a not-for-profit organization. Of this amount, $1.7 million was originally promised in 2009 by a local not-for-profit organization from a grant it would receive from ESDC. The grant was delayed because the organization had not filed all of the required annual …
https://www.osc.ny.gov/state-agencies/audits/2014/07/09/selected-financial-management-practicesComptroller DiNapoli Releases School Audits
… P. DiNapoli today announced his office completed audits of the Beacon City School District , Brookfield Central … District and Westport Central School District . "In an era of limited resources and increased accountability, it’s … district and charter school finances and operations, my office continues to provide taxpayers the assurance that …
https://www.osc.ny.gov/press/releases/2014/04/comptroller-dinapoli-releases-school-audits-0Hazard Mitigation and Coordination (Follow-Up)
… included in our initial audit report, Hazard Mitigation and Coordination (Report 2021-N-8 ). About the Program … Sandy inflicted an estimated $19 billion in damages and lost economic activity across the City, resulted in the … evacuation, and continuity of operations. The audit found weaknesses in NYCEM’s monitoring processes as well as …
https://www.osc.ny.gov/state-agencies/audits/2024/05/08/hazard-mitigation-and-coordination-followNY Received More From Washington Than It Sent Due to Federal Relief
… New Hampshire, and California. In FFYs 2020 and 2021, all states had a positive balance of payments. New York … on by the pandemic boosted federal aid for New York and all other states,” DiNapoli said. “As this relief comes to an … is an effective way to produce more equitable outcomes for all Americans, and I hope this report contributes to a …
https://www.osc.ny.gov/press/releases/2024/04/ny-received-more-washington-it-sent-due-federal-reliefDiNapoli: New York's Higher Education Sector Boosts State and Local Economies, but Job Recovery Lags
… institutions employed over 296,000 people, paying wages of around $26.5 billion in 2023, but the sector still has … spending and more,” said DiNapoli. “These institutions of learning also foster long-term economic growth by creating … who can bring their talents to the various sectors of our economy.” Consumer spending on higher education in the …
https://www.osc.ny.gov/press/releases/2024/09/dinapoli-new-yorks-higher-education-sector-boosts-state-and-local-economies-job-recovery-lagsDiNapoli: NYS Pension Fund Commits an Additional $2.4 Billion Through Sustainable Investment Program
… The New York State Common Retirement Fund (Fund) committed an … reaching the initial commitment target, DiNapoli set a new goal of deploying $40 billion to sustainable investments …
https://www.osc.ny.gov/press/releases/2025/04/dinapoli-nys-pension-fund-commits-additional-24-billion-through-sustainable-investment-programOpinion 88-30
… This opinion represents the views of the Office of the State Comptroller at the time it was rendered. The … (properties deemed benefited to be assessed for costs of the district) -- Connections (requiring property owners to …
https://www.osc.ny.gov/legal-opinions/opinion-88-30DiNapoli: New York on Better Financial Footing
… state ended fiscal year 2013-14 with General Fund reserves at $2.2 billion, the highest level since the end of SFY … to the personal income tax that are scheduled to expire at the end of 2017, a $1 billion transfer from the State … 3.5 percent of SFY 2014-15 General Fund disbursements at the end of the fiscal year. This would represent the fifth …
https://www.osc.ny.gov/press/releases/2014/07/dinapoli-new-york-better-financial-footingDiNapoli: Wall Street Bonuses Declined in 2010
… 2009 when the industry benefited from federal bailouts and low interest rates. "Cash bonuses are down, but that's not an … record set in 2009, which was fueled by federal bailouts, low interest rates, and proprietary trading. Strong Wall …
https://www.osc.ny.gov/press/releases/2011/02/dinapoli-wall-street-bonuses-declined-2010DiNapoli: Too Many Subway Stations Need Repairs
… good repair. “New York City Transit reports it is making progress on repairing stations but the pace is too slow and …
https://www.osc.ny.gov/press/releases/2014/10/dinapoli-too-many-subway-stations-need-repairsThe Changing Face of Post-Pandemic New York City
… children here. We need the city to remain competitive on the world stage and a place where people want to move, put … of 442,241 in 2020. Brooklyn and Queens led the way with 9.2% and 7.8% growth respectively, with the population in all … fell for the first time in more than a decade to 35.2%. That statistic rebounded to a record high of 39% in 2022, …
https://www.osc.ny.gov/press/releases/2023/12/changing-face-post-pandemic-new-york-cityDiNapoli: State Needs to Better Protect Water Supply Infrastructure Against Natural Disasters, Cyberattacks and Terrorism
… of Homeland Security and Emergency Services (DHSES) can do more to protect the state’s water systems from attacks and … cyber and other attacks,” said DiNapoli. “The state should do more to ensure public water systems are protected from … of Homeland Security and Emergency Services DHSES can do more to protect the states water systems from attacks and …
https://www.osc.ny.gov/press/releases/2023/06/dinapoli-state-needs-better-protect-water-supply-infrastructure-against-natural-disastersDiNapoli: External Risks Threaten NYC Budget
Slower economic growth and proposed federal and state actions present potential risks to the citys budget according to a report released today by New York State Comptroller Thomas P DiNapoli
https://www.osc.ny.gov/press/releases/2017/03/dinapoli-external-risks-threaten-nyc-budgetDebt – 2021 Financial Condition Report
… Ranks Second Highest in Outstanding Debt Nationwide At the end of SFY 2020-21, the State reported the following debt … fifth highest among all states in debt per capita. At the end of SFY 2020-21, State-Funded debt outstanding per capita … Personal Income Tax notes, which were fully retired by the end of the fiscal year. The State projects reduced statutory …
https://www.osc.ny.gov/reports/finance/2021-fcr/debtState Comptroller DiNapoli Releases Municipal Audits
… a timely manner. As a result, the town’s collections were at a greater risk of being lost or misappropriated. The clerk … 2019 were overstated by a total of 362 hours valued at almost $8,000. Of this, 272.5 hours was from leave time … were not calculated correctly resulting in approximately $70,000 of lost revenue for the town. All 51 water bill …
https://www.osc.ny.gov/press/releases/2022/04/state-comptroller-dinapoli-releases-municipal-auditsOpinion 95-18
… MUNICIPAL HOME RULE LAW, §10(1)(ii)(e)(3): A village may, by local law, impose a one-time maintenance fee to be paid at … cemetery in lieu of the yearly assessment provided for by Village Law, §15-1506. You ask whether a village, in … and administration of local government ... charges, rates or fees ..." Opns St Comp, No. 95-18 (Municipal Home …
https://www.osc.ny.gov/legal-opinions/opinion-95-18Opinion 88-71
… (see City of Mount Vernon v Mount Vernon Trust Co. , 270 NY 400, 1 NE2d 825). Moreover, it has been held that the … Misc 219, 55 NYS 50, affd 40 App Div 331, 57 NYS 1039, 160 NY 691). There is sufficient consideration for the compromise …
https://www.osc.ny.gov/legal-opinions/opinion-88-71Opinion 88-9
… to the board of commissioners authority to conduct all further proceedings thereon pursuant to article 12. … time when and place where the town board will meet to hear all interested persons (Town Law, §202-b[1]). After holding … the separate board of commissioners authority to conduct all further proceedings thereon pursuant to article 12 of the …
https://www.osc.ny.gov/legal-opinions/opinion-88-9What is the Real Property Tax Cap?
… With some exceptions, the State’s Property Tax Cap limits the amount local governments and most school districts can increase the tax levy (the total amount of property taxes billed) to the lower of two percent or the …
https://www.osc.ny.gov/local-government/property-tax-cap/what-real-property-tax-capQuogue Union Free School District – Financial Condition Management (2017M-196)
… Purpose of Audit The purpose of our audit was to determine whether the Board and District … $874,000 (13 percent) from 2012-13 through 2016-17. The retirement contribution reserve may be overfunded. Key …
https://www.osc.ny.gov/local-government/audits/school-district/2017/12/01/quogue-union-free-school-district-financial-condition-management-2017m