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DiNapoli: Investment in Rochester Company Returns $6.7 Million to State Pension Fund
5LINX a telecommunications company has generated an estimated $67 million return nearly four times the initial investment and achieved an approximated 21 percent internal rate of return for the New York State Common Retirement Fund New York State Comptroller Thomas P DiNapoli announced today
https://www.osc.ny.gov/press/releases/2014/02/dinapoli-investment-rochester-company-returns-67-million-state-pension-fundDiNapoli: New York City Projects Surplus in 2017 Despite Slower Tax Collections
… of the local economy. An estimated $20 billion in federal funds flow through the state budget to provide Medicaid …
https://www.osc.ny.gov/press/releases/2016/12/dinapoli-new-york-city-projects-surplus-2017-despite-slower-tax-collectionsDiNapoli Releases October State Cash Report
… or 1.8 percent, from the same period last year, largely due to lagging personal income tax receipts, according to the …
https://www.osc.ny.gov/press/releases/2016/11/dinapoli-releases-october-state-cash-reportDiNapoli: Young People in NYC Still Face Double-Digit Unemployment
… More than two years after the height of the COVID-19 pandemic, young people in New York City … 18% in the city, as compared to about 9% in the rest of New York state and 8% nationally. In comparison, overall … young workers in New York City when compared to the rest of the state and the country and has had a particularly …
https://www.osc.ny.gov/press/releases/2022/12/dinapoli-young-people-nyc-still-face-double-digit-unemploymentDiNapoli: New York City's Budget Outlook Improves
… revenues and planned cost savings benefited New York City’s budget outlook for Fiscal Year (FY) 2025, but funding …
https://www.osc.ny.gov/press/releases/2024/02/dinapoli-new-york-citys-budget-outlook-improvesDiNapoli: MTA Avoided A Fiscal Crisis, Now It Has To Convince Riders To Come Back
… could have ballooned to $1.6 billion in 2026. With new funds made available by the state and city, particularly the … Any additional delay could create a large shortfall in funds for the MTA’s 2020-2024 capital program, delay needed … burden could significantly increase depending on how it funds its next capital program. If the MTA issues the same …
https://www.osc.ny.gov/press/releases/2023/10/dinapoli-mta-avoided-fiscal-crisis-now-it-has-convince-riders-come-backDiNapoli Urges Companies to Join Workplace Pledge to Fight Antisemitism
… announced his action Saturday night at the Stand With Israel event at the Hampton Synagogue in Westhampton Beach. … following the Hamas led terrorist attacks against Israel on Oct. 7. Of the Fund’s top 50 holdings, only … Fund has invested an additional $70 million in State of Israel Bonds since the Oct. 7 attack. New York State Common …
https://www.osc.ny.gov/press/releases/2023/11/dinapoli-urges-companies-join-workplace-pledge-fight-antisemitismDiNapoli: New State Funds Open Door for MTA to Ease Debt, Build Stronger Future Budgets
… the Metropolitan Transportation Authority an opportunity to ease the pressure that growing debt places on its … operations and stabilize its future finances, according to a report released today by State Comptroller Thomas P. … down the road will depend in part on how the MTA chooses to manage debt in the coming years. “The MTA received the …
https://www.osc.ny.gov/press/releases/2023/05/dinapoli-new-state-funds-open-door-mta-ease-debt-build-stronger-future-budgetsAccessibility for People With Disabilities
… 2018 to October 2022. About the Program According to the New York State Department of Health, more than one in four New York State adults have a disability. In addition, as … for the operation and stewardship of the State’s park system, as well as advancing the statewide parks, …
https://www.osc.ny.gov/state-agencies/audits/2023/08/10/accessibility-people-disabilitiesDiNapoli: Audit Reveals Hiring and Budgeting Problems in Brentwood School District
… all employees, including retired administrators rehired on a temporary basis, complete disclosure forms and are in …
https://www.osc.ny.gov/press/releases/2016/11/dinapoli-audit-reveals-hiring-and-budgeting-problems-brentwood-school-districtDiNapoli: Federal Aid, Increasing Tax Revenues and Savings Boost New York City's Surplus
… and budgetary normalcy. Federal aid will drop from 17% to 10% of projected annual spending, returning to its 10-year pre-pandemic average. Property tax revenues are now … of more than 8%. The projected valuation is expected to top the FY 2021 peak three years earlier than expected. …
https://www.osc.ny.gov/press/releases/2022/03/dinapoli-federal-aid-increasing-tax-revenues-and-savings-boost-new-york-citys-surplusState Fiscal Year 2022-23 Enacted Budget Analysis
… State-supported debt by a) incurring debt (albeit in the form of a loan, rather than “bonds or notes”), b) …
https://www.osc.ny.gov/reports/state-fiscal-year-2022-23-enacted-budget-analysisOrdinary Death Benefit
… the laws of 2022 – A.7730/S.6619-A (Abbate/Gounardes) - Increases the age at which the ordinary death benefit … to the full retirement age. Memo Bill Text Status … Increases the age at which the ordinary death benefit …
https://www.osc.ny.gov/legislation/ordinary-death-benefitDiNapoli Moves State Pension Fund Toward Net Zero Target, Restricts Investments in Oil Sands Companies
… to DiNapoli’s comprehensive Climate Action Plan to lower investment risks from climate change and transition the Fund’s investment portfolio to net zero greenhouse gas emissions by … shale oil and gas companies. Background on Climate Investment Actions Since taking office in 2007, DiNapoli has …
https://www.osc.ny.gov/press/releases/2021/04/dinapoli-moves-state-pension-fund-toward-net-zero-target-restricts-investments-oil-sands-companiesDiNapoli Releases State Cash Report
… from the Enacted Budget, according to the monthly state cash report issued today by New York State Comptroller Thomas P. DiNapoli. The General Fund balance … See the May cash report or go to: http://www.osc.state.ny.us/finance/cbr.htm DiNapoli's office issues a state …
https://www.osc.ny.gov/press/releases/2015/06/dinapoli-releases-state-cash-reportDiNapoli: Pandemic Disrupts Special Education; Many Students Missing Mandated Services
… New York students with disabilities lost partial or full special education services because of school … more than 464,400 students in New York public schools, or 18% of the state’s total K-12 enrollment, had a … were often unable to receive IEP-mandated services or received them remotely, potentially limiting the quality …
https://www.osc.ny.gov/press/releases/2021/09/dinapoli-pandemic-disrupts-special-education-many-students-missing-mandated-servicesDiNapoli: Audit Finds State Falling Short in Helping People with Disabilities Find Work
… opportunities and other benefits because the state Office of Mental Health (OMH) failed to include key features in its … adults with disabilities in New York. The employment rate of working-age people with disabilities was about 33% …
https://www.osc.ny.gov/press/releases/2021/07/dinapoli-audit-finds-state-falling-short-helping-people-disabilities-find-workDiNapoli: State Tax Collections Continue to Exceed Projections
… three months of the 2021-22 State Fiscal Year, according to the monthly State Cash Report released today by New York … higher than last year for the same period, primarily due to higher Medicaid and transportation costs. All Funds … billion higher than last year at the same time, primarily due to higher than anticipated tax collections and the timing …
https://www.osc.ny.gov/press/releases/2021/07/dinapoli-state-tax-collections-continue-exceed-projectionsDiNapoli Calls for NYC to Bolster Reserves as Economy Rebounds Amid Rising Spending
… new recurring spending without identifying resources to pay for it. Reserves Grew But Remain Below Pandemic Levels …
https://www.osc.ny.gov/press/releases/2021/08/dinapoli-calls-nyc-bolster-reserves-economy-rebounds-amid-rising-spendingLinkNYC Program Revenues and Monitoring
… access as well as free phone service; a touchscreen tablet interface to access City services, including 911 … and/or operation issues, including: dirty/grimy tablet screens; physical damage; and defective screens/screen …
https://www.osc.ny.gov/state-agencies/audits/2021/07/30/linknyc-program-revenues-and-monitoring