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New York City Projecting Surplus of $2.7 Billion in Current Fiscal Year
… New York City projects a surplus of more than $2.7 billion for fiscal year (FY) 2020, up from … gaps are relatively small, but there is still a risk of an economic downturn. Also, the proposed executive state … an increase in the city’s revenue forecast since the start of the fiscal year ($1.2 billion) and a reduction in reserves …
https://www.osc.ny.gov/press/releases/2020/02/new-york-city-projecting-surplus-27-billion-current-fiscal-yearDiNapoli: Statewide Local Sales Tax Collections Surge Nearly 58 Percent in May
… by 57.8 percent over the same month in 2020, the highest one month increase in recent history, State Comptroller … by 578 percent over the same month in 2020 the highest one month increase in recent history State Comptroller Thomas …
https://www.osc.ny.gov/press/releases/2021/06/dinapoli-statewide-local-sales-tax-collections-surge-nearly-58-percent-mayDiNapoli: State Missed Out on Over $180 Million in Medicaid Drug Rebates
… of Health can do more to control costs and save taxpayers money by making sure it gets the drug rebates that it is … missing out on $183.7 million. The largest portion of money left on the table, $109.4 million in rebates, was the … of Health can do more to control costs and save taxpayers money by making sure it gets the drug rebates that it is …
https://www.osc.ny.gov/press/releases/2023/04/dinapoli-state-missed-out-over-180-million-medicaid-drug-rebatesDiNapoli: Value of IDA Projects Grew 10% in 2021 to $126 Billion
… to ensure these projects are creating or retaining the jobs and economic benefits they are supposed to. Publishing … net tax benefits. Project operators estimated that 221,287 jobs would be created during the life of their projects, with … City of Mount Vernon IDA – did not submit their data in time for this report. The report also contains information on …
https://www.osc.ny.gov/press/releases/2023/04/dinapoli-value-ida-projects-grew-10-percent-in-2021-to-126-billionLocal Sales Tax Collections Increased by 3% in July Compared to Last Year
… cash flow monitoring especially important.” For July 2023 compared with July 2022: New York City’s collections …
https://www.osc.ny.gov/press/releases/2023/08/local-sales-tax-collections-increased-3-july-compared-last-yearDiNapoli: Rise in NYC Metro Area Housing Costs Outpaces Other U.S. Cities
… in construction during the pandemic, a lapsing of the real estate property tax exemption program known as 421-a, and … Population: The Latest Statistics Residential Real Estate in NYC: Rising Tax Bills During COVID Fuel Disparities …
https://www.osc.ny.gov/press/releases/2024/01/dinapoli-rise-nyc-metro-area-housing-costs-outpaces-other-us-citiesDiNapoli Op-Ed: We Should Be Teaching Financial Literacy in NY's High Schools
… and investing. They become better equipped and informed to make important financial decisions in the future that … asking: “What knowledge, skills, and/or experiences do you think are important for all students to have by the end of high school?” One of the most frequent …
https://www.osc.ny.gov/press/releases/2024/02/dinapoli-op-ed-we-should-be-teaching-financial-literacy-nys-high-schoolsDiNapoli: Investment in Upstate Company Returns $33.8 Million to State Pension Fund
… 18 private equity managers invest in companies in need of capital for growth, to refinance ownership or for early stage … portfolio of public and private equities, fixed income, real estate and alternative instruments and has consistently been …
https://www.osc.ny.gov/press/releases/2014/08/dinapoli-investment-upstate-company-returns-338-million-state-pension-fundDiNapoli Audit: Pre-K Special Education Provider Spent $2.5 Million in Unallowed Expenses
… found it charged the State Education Department SED for $26 million in expenses that were not allowed …
https://www.osc.ny.gov/press/releases/2015/12/dinapoli-audit-pre-k-special-education-provider-spent-25-million-unallowed-expensesDiNapoli and Diaz Help Bronx Residents Claim $245 Million in Lost Money
… thanks to Borough President Diaz for inviting my team and me to provide this service to his Bronx constituents.” “With …
https://www.osc.ny.gov/press/releases/2015/03/dinapoli-and-diaz-help-bronx-residents-claim-245-million-lost-moneyState Pension Fund Adds $30 Million for Investments in New York Companies
… will help grow the pension fund and expand businesses and jobs across New York state," said DiNapoli. "With $293 … million in 298 companies and has supported nearly 4,000 jobs across the state through the In-State Program. To date, …
https://www.osc.ny.gov/press/releases/2015/03/state-pension-fund-adds-30-million-investments-new-york-companiesDiNapoli Op-Ed: New York Needs to Boost Financial Education in Our Schools
… offering a personal finance class. For example, Mott Hall V, a South Bronx high school, is offering personal …
https://www.osc.ny.gov/press/releases/2023/11/dinapoli-op-ed-new-york-needs-boost-financial-education-our-schoolsDiNapoli: State Medicaid Program Made More Than $100 Million in Duplicate Payments
… more than $100 million in duplicate payments to managed care organizations (MCOs) for premiums over a more than four year period, according to … who are economically disadvantaged or have special health care needs. Many of the state’s Medicaid recipients receive …
https://www.osc.ny.gov/press/releases/2019/08/dinapoli-state-medicaid-program-made-more-100-million-duplicate-paymentsState Fiscal Year 2009-2010 Executive Budget Preliminary Overview, December 2008
The Executive Budget recommends $9.5 billion in spending reductions, $3.1 billion in new and higher taxes and fees, and $1.1 billion in nonrecurring resources.
https://www.osc.ny.gov/files/reports/budget/pdf/budget-executive-preliminary-2009-10.pdfState Agencies Bulletin No. 516
… for the payment, the employee must have been in Active status as a full-time employee in BU 03 on October 1, 2003 for employees in Institution agencies or … on October 1, 2003; and have completed six (6) months of service in an eligible title during the Fiscal Year …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/516-csea-2003-and-2004-work-related-clothing-allowances-bargaining-units-03County Sales Tax Revenues and Distributions to Other Local Governments, Fiscal Year Ending in 2023
County Sales Tax Revenues and Distributions to Other Local Governments, Fiscal Year Ending in 2023
https://www.osc.ny.gov/files/local-government/data/excel/county-sales-tax-distribution-data-table2023.xlsxLocal Sales Tax Collections Increase by Over 10 Percent in the Third Quarter of 2022
Analysis of Local Government Sales Tax Collections in New York State
https://www.osc.ny.gov/files/local-government/publications/pdf/local-sales-tax-collections-increase-by-over-10-percent-in-the-third-quarter-of-2022.pdfOversight of Career and Technical Education Programs in New York State Schools (Follow-Up) (2022-F-17)
To determine the extent of implementation of the seven recommendations included in our initial audit report, Oversight of Career and Technical Education Programs in New York State Schools (Report 2019-S-29).
https://www.osc.ny.gov/files/state-agencies/audits/pdf/sga-2023-22f17.pdfKids in Action of Long Island, Inc. – Compliance With the Reimbursable Cost Manual (2021-S-13)
To determine whether the costs reported by Kids in Action of Long Island, Inc. on its Consolidated Fiscal Report were properly calculated, adequately documented, and allowable under the State Education Department’s guidelines, including the Reimbursable Cost Manual ...
https://www.osc.ny.gov/files/state-agencies/audits/pdf/sga-2022-21s13.pdfArts, Entertainment and Recreation in New York City: Recent Trends and Impact of COVID-19
New York City has a world-renowned arts, entertainment and recreation sector, featuring celebrated performance venues, museums and sports teams as well as innovative artists and centers of creativity.
https://www.osc.ny.gov/files/reports/osdc/pdf/report-12-2021.pdf