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DiNapoli: State Pension Fund Valued at $233.2 Billion at End of Second Quarter
… said. “Inflation and supply chain issues are continuing to impact the financial world and we expect a challenging … future. Still, the Fund is highly diversified and built to weather the ups and downs of the markets. Our pensioners … of return is 5.9%. Every three years the Fund is required to undergo an independent Fiduciary and Conflict of Interest …
https://www.osc.ny.gov/press/releases/2022/11/dinapoli-state-pension-fund-valued-2332-billion-end-second-quarterState Comptroller DiNapoli Statement on New York City's November Budget Update
… aside is critical. “The city has reflected the impact of pension returns falling below projections in Fiscal Year (FY) … PEG savings made use of both agency vacancies and a reduction in funds for 3-K , which the Office of the State … at a critical point in the city’s recovery and future cost reduction initiatives. “The November Plan also highlights new …
https://www.osc.ny.gov/press/releases/2022/11/state-comptroller-dinapoli-statement-new-york-citys-november-budget-updateCompliance With Payment Card Industry Standards
… colleges regarding Payment Card Industry (PCI) compliance and whether selected CUNY colleges are in compliance with PCI … 1,400 academic programs, 200 majors leading to associate and baccalaureate degrees, and 800 graduate degree programs to over a half-million …
https://www.osc.ny.gov/state-agencies/audits/2019/12/13/compliance-payment-card-industry-standardsWestchester County Sisters Charged With Hiding Their Mother's Death to Steal From Retirement System
… to their arrests.” “Defrauding the retirement system is stealing from each of us. Comptroller DiNapoli and his …
https://www.osc.ny.gov/press/releases/2019/11/westchester-county-sisters-charged-hiding-their-mothers-death-steal-retirement-systemFacility Oversight and Timeliness of Response to Complaints and Inmate Grievances (Follow-Up)
… Objective To determine the extent of implementation of the five recommendations included in our initial report, Facility Oversight and Timeliness of Response to Complaints and Inmate Grievances ( 2017-S-2 …
https://www.osc.ny.gov/state-agencies/audits/2019/06/18/facility-oversight-and-timeliness-response-complaints-and-inmate-grievances-followDiNapoli: Growth in Local Sales Tax Collections Slowed in 2024
… totaled $23.4 billion in calendar year 2024, an increase of 1.6% or $376 million from 2023, according to a report … COVID-19 pandemic decline in 2020, and was less than half of the average pre-pandemic growth rate (3.8%) of 2011 to 2019 following the Great Recession. “New York’s …
https://www.osc.ny.gov/press/releases/2025/02/dinapoli-growth-local-sales-tax-collections-slowed-2024Business Partners
… of NYSLRS and trustee of the Common Retirement Fund, is to conduct hearings to review agency decisions affecting … Administration Bureau and a copy of the hearing record is provided to every hearing applicant at no cost. … Medical Examiners An independent medical examiner (IME) is a physician who has not been involved in a NYSLRS member’s …
https://www.osc.ny.gov/retirement/business-partnersOpinion 2004-4
… -- Employment Contracts (law partner of school board member as attorney for school district) -- Interest in … §800(3): If the compensation paid to the law partner of a school board member, who is engaged by the school district as its attorney, is not mixed with other revenues of the partnership, and if the board …
https://www.osc.ny.gov/legal-opinions/opinion-2004-4II.3.A Planning – II. New York State Financial Accounting
… to continue agency programs at current levels in the new fiscal year. In November, the State Budget Director … legally authorize the expenditure of funds during the new fiscal year. Prior to passage of the appropriation bills, …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ii/ii3a-planningOpinion 88-62
… (creation of capital reserve fund to finance) REFUSE AND GARBAGE -- Solid Waste Facility (creation of capital … a capital reserve fund to finance the cost of closing and capping a landfill owned by the town and may pay into … landfill will provide environmental and public health benefits into the future as well as in the present (see …
https://www.osc.ny.gov/legal-opinions/opinion-88-62Opinion 2000-1
… This opinion represents the views of the Office of the State Comptroller at the time it was … views if, among other things, there have been subsequent court cases or statutory amendments that bear on the issues … legal fees) GENERAL MUNICIPAL LAW, §50-j; MUNICIPAL HOME RULE LAW, §10; STATE CONSTITUTION, ARTICLE VIII, §1; PUBLIC …
https://www.osc.ny.gov/legal-opinions/opinion-2000-1DiNapoli Announces Latest Fiscal Stress Scores
… . This includes 10 counties, 10 cities and 20 towns. This is the fourth year DiNapoli’s office has evaluated the … said DiNapoli. “Our monitoring system has shown that for those localities experiencing financial hardship, it can … long-term financial plans.” The latest round of scores is based on 2015 financial information provided to DiNapoli’s …
https://www.osc.ny.gov/press/releases/2016/09/dinapoli-announces-latest-fiscal-stress-scoresDiNapoli: NYC Office Jobs and Space Growing Amid Record Economic Expansion
… employment expansion in the city's history, according to a report released today by State Comptroller Thomas P. … The city's three main business districts (Midtown, Midtown South, and Downtown Manhattan) together contain 450 million … space has lowered the vacancy rate in Manhattan from 12.8 percent at the end of the recession (2009) to 9.7 percent …
https://www.osc.ny.gov/press/releases/2017/02/dinapoli-nyc-office-jobs-and-space-growing-amid-record-economic-expansionDiNapoli Releases Review of First Quarter State Revenue Collections
… office issues a state cash report every month identifying actual state revenues and spending from the prior month. The …
https://www.osc.ny.gov/press/releases/2014/07/dinapoli-releases-review-first-quarter-state-revenue-collectionsComptroller DiNapoli Releases Municipal Audits
New York State Comptroller Thomas P DiNapoli today announced his office completed audits of the Village of Catskill Town of East Fishkill Hughsonville Fire District Lumberland Fire Department Village of Mastic Beach South Farmingdale Water District and the Village of West Hampton Dunes
https://www.osc.ny.gov/press/releases/2014/08/comptroller-dinapoli-releases-municipal-audits-0Comptroller 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-0Opinion 90-46
… or statutory amendments that bear on the issues discussed in the opinion. COUNTY CLERK -- Fees (refund by State of … your inquiry of July 10, 1990 concerning a refund request from the Office of Court Administration. Specifically, you … after audit and approval by him refund within three years from the date of payment, any fee or portion of a fee or …
https://www.osc.ny.gov/legal-opinions/opinion-90-46Opinion 90-59
… 56). Article 8, §1 of the State Constitution, which inter alia , prohibits a municipality from making gifts and loans …
https://www.osc.ny.gov/legal-opinions/opinion-90-59DiNapoli Releases December State Cash Report
… according to the monthly state cash report issued today by New York State Comptroller Thomas P. DiNapoli. Total spending … billion below initial projections. “The state entered the new year with higher than expected revenue and spending … accessible on his transparency website called Open Book New York ( www.openbooknewyork.com ). … Total receipts …
https://www.osc.ny.gov/press/releases/2016/01/dinapoli-releases-december-state-cash-reportNYS Comptroller DiNapoli Appoints First Director of Sustainable Investments and Climate Solutions
… York State Comptroller Thomas P. DiNapoli today announced that Andrew Siwo has joined the New York State Common … investors, and I am determined to protect New York State’s pension fund by keeping it at the forefront of those … with all asset class teams. In addition, the director will provide internal training to investment teams on sustainable …
https://www.osc.ny.gov/press/releases/2020/01/nys-comptroller-dinapoli-appoints-first-director-sustainable-investments-and-climate-solutions