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DiNapoli: Unrestricted State Aid for Local Governments Failed to Keep Up With Inflation
… source, particularly for many cities. Also called revenue sharing, this funding comes to local governments from the Aid … state has long supported local communities through revenue sharing programs. Many municipalities depend on this aid to … cities receive nearly 13% of their revenues from revenue sharing. Big Four Cities: Buffalo (31.4%), Syracuse (23.5%), …
https://www.osc.ny.gov/press/releases/2022/02/dinapoli-unrestricted-state-aid-local-governments-failed-keep-inflationDiNapoli Calls for NYC to Bolster Reserves as Economy Rebounds Amid Rising Spending
… $2 billion more in spending (excluding funds set aside for reserves) than was planned in the proposed executive … revenue, since April, to increase agency expenditures for FY 2022 by nearly $1.5 billion, more than half of which is spending for new needs ($466 million) and the temporary restoration of …
https://www.osc.ny.gov/press/releases/2021/08/dinapoli-calls-nyc-bolster-reserves-economy-rebounds-amid-rising-spendingCourt-Appointed Executor of Decedent’s Estate Sentenced to Two Years in Prison for Embezzlement
… had a fiduciary duty to the estate and to the decedent’s son, the sole beneficiary of his father’s will. New York law … the value of the estate’s assets. In 2009, the decedent’s son retained an attorney and filed a motion in the …
https://www.osc.ny.gov/press/releases/2019/10/court-appointed-executor-decedents-estate-sentenced-two-years-prison-embezzlementNY State Comptroller DiNapoli Announces Responsible Workforce Management Policy for Private Equity Investments
… which in turn can provide a competitive advantage for companies and their investors.” The private equity … and Proxy Voting Guidelines , which outline expectations for public companies in its global equities portfolio. NYS …
https://www.osc.ny.gov/press/releases/2024/04/ny-state-comptroller-dinapoli-announces-responsible-workforce-management-policy-private-equityDiNapoli: Environmental Facilities Corporation Faces Significant Funding Backlog for Essential Water Infrastructure Projects
… Facilities Corporation (EFC) has provided financing for over 2,000 essential local water infrastructure projects … since 1990, but the estimated capital improvement needs for water and sewer projects far exceeds this amount, and … to provide subsidized loans and grants to municipalities for drinking water, wastewater treatment, and other projects, …
https://www.osc.ny.gov/press/releases/2024/04/dinapoli-environmental-facilities-corporation-faces-significant-funding-backlog-essential-waterDiNapoli: Two Capital Region Residents Indicted for $1 Million Medicaid Transportation Fraud Scheme
… joint investigation will ensure justice is served in this case and I hope it is a warning to anyone who would try and … are due back in court on May 6. The charges filed in this case are merely accusations and the defendants are presumed …
https://www.osc.ny.gov/press/releases/2024/03/dinapoli-two-capital-region-residents-indicted-1-million-medicaid-transportation-fraud-schemeDiNapoli: NYC Emergency Management Failing to Ensure the City is Prepared for Disasters
… of dollars in damage, the city needs to be better prepared for another catastrophic event, according to an audit … important emergency preparedness and disaster response are for coastal communities like Far Rockaway,” said … New York City Emergency Management (NYCEM) is responsible for coordinating citywide emergency planning and helping New …
https://www.osc.ny.gov/press/releases/2022/10/dinapoli-nyc-emergency-management-failing-ensure-city-prepared-disastersDiNapoli: Three Arrested for Scheme to Steal Unclaimed Funds from New York State
… charges arising out of their scheme to fraudulently obtain unclaimed funds held by the New York State Comptroller’s Office of …
https://www.osc.ny.gov/press/releases/2022/07/dinapoli-three-arrested-scheme-steal-unclaimed-funds-new-york-stateExistential Questions Facing National Public Transit Systems Create New Fiscal Pressures for MTA
… led to a dramatic drop in riders – and ridership revenue – for transit systems across the country. 1 Nevertheless, the … of living in New York City by reducing the need for a vehicle – the City’s car ownership rates are among the lowest for all major metropolitan areas in the country. New York …
https://www.osc.ny.gov/reports/osdc/existential-questions-facing-national-public-transit-systems-create-new-fiscal-pressures-mtaDiNapoli: MTA Outlook Shows Growing Need for New Funding as Budget Gaps Widen
… “The MTA needs to come up with billions of dollars to pay for operations in the coming years and that puts greater … threaten a recession. The MTA has begun to lay out options for its funding partners, leaving them with some tough … and risks that accompany them are likely to be too large for the MTA to manage without additional funding or …
https://www.osc.ny.gov/press/releases/2022/10/dinapoli-mta-outlook-shows-growing-need-new-funding-budget-gaps-widenDiNapoli: NYC Office Building Market Values Rise Amid Shift in Demand for Space
… buildings in New York City remain a critical contributor to its economy and tax base, as market values reached nearly … year (FY) 2025, surpassing pre-pandemic levels, according to a report released today by New York State Comptroller … the Village and business districts in the outer boroughs have helped increase market values, which ultimately will …
https://www.osc.ny.gov/press/releases/2024/08/dinapoli-nyc-office-building-market-values-rise-amid-shift-demand-spaceDiNapoli: Former Citizens Hose Fire Company Treasurer Arrested for Stealing More Than $100,000
… to conceal her alleged crime. She used the money to pay off her credit cards, make retail purchases, and to pay for online video games. The case was referred to DiNapoli’s … Fraud Hotline at 1-888-672-4555, by filing a complaint online at [email protected] , or by mailing a …
https://www.osc.ny.gov/press/releases/2024/09/dinapoli-former-citizens-hose-fire-company-treasurer-arrested-stealing-more-100000DiNapoli: Former Hannibal Fire Chief and Father Indicted for Allegedly Stealing Go-Kart Proceeds
… Emmons, his family members and others. Proceeds from the sale of race registrations and pit fees were supposed to go …
https://www.osc.ny.gov/press/releases/2024/07/dinapoli-former-hannibal-fire-chief-and-father-indicted-allegedly-stealing-go-kart-proceedsDiNapoli Announces Lowered Fees for New York State's 529 College Savings Direct Plan
… to help parents plan ahead for college. As the price of higher education continues to rise nationwide, every … child. These options, which invest exclusively in low-cost Vanguard index funds, are designed to become more conservative portfolios …
https://www.osc.ny.gov/press/releases/2014/10/dinapoli-announces-lowered-fees-new-york-states-529-college-savings-direct-planDiNapoli: Improved Planning Needed for New York To Achieve Its Clean Energy Goals
… The Public Service Commission (PSC) and the New York State Energy Research and Development Authority … or electric cooling and heating. PSC also did not fully account for other potential risks, and did not consider …
https://www.osc.ny.gov/press/releases/2024/07/dinapoli-improved-planning-needed-new-york-achieve-its-clean-energy-goalsDiNapoli: Archer Daniels Midland Co. Agrees to Shareholders' Request For 'No Deforestation' Policy
… depends on, and is a short-term business model that poses long-term threats to global food security and our …
https://www.osc.ny.gov/press/releases/2015/03/dinapoli-archer-daniels-midland-co-agrees-shareholders-request-no-deforestation-policyDiNapoli: Five Major Companies Adopt Pension Fund's Call for Transparency on Political Contributions
… that five major companies in the New York State Common Retirement Fund's portfolio have adopted the Fund's request … that five major companies in the New York State Common Retirement Funds portfolio have adopted the Funds request to disclose …
https://www.osc.ny.gov/press/releases/2015/02/dinapoli-five-major-companies-adopt-pension-funds-call-transparency-political-contributionsDiNapoli: State Paid $14.5 Billion for Medicaid Home Care Services That Lacked Verification
… home care services for New Yorkers without the required verification that the services took place, according to a new … funds.” New York state implemented an electronic visit verification program to confirm the delivery of Medicaid … services (44%) that had no matching electronic visit verification record. $97.6 million in home health care claims …
https://www.osc.ny.gov/press/releases/2024/11/dinapoli-state-paid-145-billion-medicaid-home-care-services-lacked-verificationDiNapoli: Homeless New Yorkers Relying on CityFHEPS Face Significant Delays for Permanent Housing
… today by New York State Comptroller Thomas P. DiNapoli. The audit found the New York City Department of Social … into contracts with four developers worth $447 million over 30 years to provide permanent housing and a range of … or correct them accordingly. Establish proper internal controls over CityFHEPS payments to landlords, including …
https://www.osc.ny.gov/press/releases/2024/10/dinapoli-homeless-new-yorkers-relying-cityfheps-face-significant-delays-permanent-housingDiNapoli: Allegany County Woman Arrested for Theft of Nearly $30,000 in Pension Checks
… Jones and the New York State Police announced the arrest of Linda Burrows of Fillmore, New York for the alleged theft of $29,893 in state pension checks sent to her deceased stepfather. “Linda …
https://www.osc.ny.gov/press/releases/2024/11/dinapoli-allegany-county-woman-arrested-theft-nearly-30000-pension-checks