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2025 Corporate Governance Stewardship Report
Our Corporate Governance Program works to help protect the New York State Common Retirement Fund’s long-term value by exercising prudent stewardship of our portfolio by engaging with the public companies we invest in on key environmental, social, and governance issues that have a financial impact.
https://www.osc.ny.gov/files/reports/special-topics/pdf/2025-stewardship-priorities.pdfNew York City Agency Services Update
New York City has the largest municipal budget and public workforce in the nation, with a citywide budget of over $115 billion (FY 2025) and more than 300,000 employees (June 2024) tasked with providing a vast array of services to its more than eight million residents.
https://www.osc.ny.gov/files/reports/pdf/report-19-2025.pdfSelected Management and Operations Practices (2020-S-38) 180-Day Response
To determine whether the New York Power Authority’s electric vehicle initiatives and programs placed the Charge NY and Charge NY 2.0 charging stations in locations where the intent of these programs could be achieved; and whether it's EVolve NY program met its initial goals.
https://www.osc.ny.gov/files/state-agencies/audits/pdf/sga-2022-20s38-response.pdfCybersecurity Web Series Week 2 – IT Contingency Planning – Oops! What now?
This session will expand on one of the key areas within a comprehensive cybersecurity program: IT Contingency Planning. We will define IT Contingency Planning as a means to avoid costly delays in getting your government or school operations back up and running as quickly as possible.
https://www.osc.ny.gov/files/local-government/academy/pdf/cybersecurity-week-2-10-12-2021.pdfBrooklyn Man Pleads Guilty in Check Theft Scheme
… that Gennady Galker pleaded guilty to one count of Grand Larceny in the Third Degree following an indictment … food and shopping. He entered a Conditional Plea to Grand Larceny in the Third Degree before Justice Danny Chun … sentence. If he does not meet the conditions, his Grand Larceny conviction will stand and he will be sentenced …
https://www.osc.ny.gov/press/releases/2023/08/brooklyn-man-pleads-guilty-check-theft-schemeCommack Union Free School District – Lead Testing and Reporting (S9-25-9)
… lead exposure in potable water outlets? Audit Period July 1, 2019 – September 30, 2024 Understanding the Program Lead … greater difficulty performing well in school and beyond. 1 To aid in combating lead poisoning, New York State (NYS) … provided to our office within 90 days, pursuant to Section 35 of the New York State General Municipal Law, Section …
https://www.osc.ny.gov/local-government/audits/school-district/2025/07/11/commack-union-free-school-district-lead-testing-and-reporting-s9-25-9DiNapoli: State Tax Receipts Exceed Latest Projections by $7.7 Billion
… from credits associated with the Pass-Through Entity Tax (PTET) and property tax relief. Year-to-date consumption and … million below DOB’s latest financial plan projections. PTET collections in Dec. 2022 were $443 million lower than … higher than last year at the same time, primarily due to PTET collections, higher than anticipated tax collections and …
https://www.osc.ny.gov/press/releases/2023/01/dinapoli-state-tax-receipts-exceed-latest-projections-7-point-7-billionVillage of Leicester – Financial Management (2025M-7)
… The Board did not effectively manage the Villages fund balance or adopt realistic budgets As a result …
https://www.osc.ny.gov/local-government/audits/village/2025/05/09/village-leicester-financial-management-2025m-7Harpursville Central School District – Lead Testing and Reporting (S9-25-11)
… Two: January 1, 2020, to December 31, 2020 (extended to June 30, 2021, due to COVID-19 pandemic). Cycle Three: January 1, …
https://www.osc.ny.gov/local-government/audits/school-district/2025/08/01/harpursville-central-school-district-lead-testing-and-reporting-s9-25-11Glen Cove City School District – Lead Testing and Reporting (S9-25-17)
… and could consume water from, were not sampled or properly exempted by District officials during Cycle Two. Although the … water outlets for sampling and which water outlets they exempted, District officials did not properly secure any of the water outlets they exempted against use. Of the 82 water outlets the District …
https://www.osc.ny.gov/local-government/audits/school-district/2025/07/25/glen-cove-city-school-district-lead-testing-and-reporting-s9-25-17Town of West Seneca – Audit Follow-Up (2019M-195-F)
… the Town Supervisor (Supervisor). The Board is responsible for the general management and oversight of the Town’s …
https://www.osc.ny.gov/local-government/audits/town/2025/04/18/town-west-seneca-audit-follow-2019m-195-fOpinion 89-8
… for consent by the Office of the State Comptroller to establishment by school district in Adirondack Park) … for consent by the Office of the State Comptroller to establishment by a school district in Adirondack Park) … Park may establish a repair reserve fund pursuant to General Municipal Law, §6-d without the prior consent of …
https://www.osc.ny.gov/legal-opinions/opinion-89-8DiNapoli Analysis Finds Worrisome, Uneven Economic Recovery Among NYC's Labor Force
… has left the city with an unemployment rate of 6.5%, 2.8 points higher than the February 2020 level of 3.7%, while the … hard in 2020, with the unemployment rate increasing by 8.7 points in the city compared to an increase of only 4.7 points in the nation. While men have historically …
https://www.osc.ny.gov/press/releases/2022/05/dinapoli-analysis-finds-worrisome-uneven-economic-recovery-among-nycs-labor-forceDiNapoli: Wall St. First Half Profits Jumped
… Pretax profits in the securities industry reached $15.1 billion in the first six months of … office will continue to keep a close eye on the securities industry as the year progresses, because what happens on Wall … impacts the New York State and New York City economies.” Industry performance is traditionally measured by the pretax …
https://www.osc.ny.gov/press/releases/2019/10/dinapoli-wall-st-first-half-profits-jumpedFood Safety Monitoring (Follow-Up)
… distribution, and sale of food products in New York State. During the original audit, we found that the … (2013-S-27) Department of Agriculture and Markets: Dairy Inspections (2014-S-16) …
https://www.osc.ny.gov/state-agencies/audits/2015/07/06/food-safety-monitoring-followPhysical and Financial Conditions at Selected Mitchell-Lama Developments (2024-N-4) - Interactive Dashboard
… that The New York City Department of Housing Preservation and Development needs to improve its oversight of the physical and financial conditions at the sampled developments …
https://www.osc.ny.gov/state-agencies/audits/physical-and-financial-conditions-selected-mitchell-lama-developments-2024-n-4-interactive-dashboardXII.7.C Reprocessing an OSC Denied Voucher – XII. Expenditures
… Prior to reprocessing a voucher that has been rejected by the Office of the State Comptroller (OSC), the Business … Prior to reprocessing a voucher that has been rejected by the Office of the State Comptroller OSC the Business Unit …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xii/xii7c-reprocessing-osc-denied-voucherVillage of Head of the Harbor – Justice Court Operations (2020M-110)
… to ensure receipts were collected, deposited, recorded and remitted in an accurate and timely manner. Key Findings The Justices did not provide adequate oversight of cash receipts, deposits and accounting records during the tenure of the former court … to ensure receipts were collected deposited recorded and remitted in an accurate and timely manner …
https://www.osc.ny.gov/local-government/audits/justice-court/2021/04/01/village-head-harbor-justice-court-operations-2020m-110DiNapoli Releases January State Cash Report
… New York state collected $126.6 billion in receipts from April through January, which was $582.3 million higher than the Division of the Budget’s (DOB) latest projections and $4.8 billion higher than initial … January estimate and $1.9 billion over initial projections from the Enacted Budget Financial Plan, primarily due to …
https://www.osc.ny.gov/press/releases/2016/02/dinapoli-releases-january-state-cash-reportContract #C001148 - Printing and Mailing of NYSLRS Member Annual Statements
… Law. Each year, NYSLRS sends a Member Annual Statement (“MAS”) to each of its approximately 675,000 members. This …
https://www.osc.ny.gov/procurement/c001148