Search
Opinion 89-14
… that bear on the issues discussed in the opinion. REAL PROPERTY TAXES AND ASSESSMENTS -- Payments (collecting … not solicit stamped envelopes for mailing tax receipts) REAL PROPERTY TAX LAW, §986(1): A collecting officer may not … is governed by the provisions of section 986(1) of the Real Property Tax Law which provides, in part, that: Every …
https://www.osc.ny.gov/legal-opinions/opinion-89-14DiNapoli: State Pension Fund Valued at $246.3 Billion at End of Second Quarter
… bonds, and mortgages (21.53%), private equity (14.61%), real estate and real assets (13.39%) and credit, absolute return strategies, …
https://www.osc.ny.gov/press/releases/2023/11/dinapoli-state-pension-fund-valued-246-point-3-billion-end-second-quarterVillage of East Hampton – Information Technology (2015M-187)
… and provided excessive access right to the financial and real property tax software. The Board has not adopted a … software and the Clerk has supervisor-level access to the real property tax software. Key Recommendations Adopt …
https://www.osc.ny.gov/local-government/audits/village/2015/11/06/village-east-hampton-information-technology-2015m-187Andes Central School District – Financial Management (2013M-250)
… $450,000, based on their intended use. During this time, real property taxes have increased from $2.5 million in 2009 … unexpended surplus fund balance is in compliance with the Real Property Tax Law statutory limits. Review all reserve …
https://www.osc.ny.gov/local-government/audits/school-district/2013/12/20/andes-central-school-district-financial-management-2013m-250Westmoreland Central School District – Financial Condition (2014M-283)
… using fund balance to finance operations to keep the real property tax levies at amounts the Board considered … making it appear that the District needed to raise real property taxes and use unrestricted fund balance to …
https://www.osc.ny.gov/local-government/audits/school-district/2014/12/05/westmoreland-central-school-district-financial-condition-2014m-283Schroon Lake Central School District – Financial Condition (2014M-145)
… be carried over into the next school year. As a result, real property taxes have been significantly higher than … the limit allowed by law is used to reduce the next year’s real property tax levy. Adopt budgets with reasonable …
https://www.osc.ny.gov/local-government/audits/school-district/2015/02/20/schroon-lake-central-school-district-financial-condition-2014m-145Oneonta City School District –Financial Condition (2013M-165)
… $1 million (8 percent decrease) and revenues, other than real property taxes, have also declined approximately $1.3 … these declining revenues, the District increased its real property tax levy, cut expenditures by $500,000, and …
https://www.osc.ny.gov/local-government/audits/school-district/2013/08/30/oneonta-city-school-district-financial-condition-2013m-165Opinion 2006-10
… (charging back portion of salary of town engineer) -- Real Property (use of proceeds from lease of district … vital statistics); (town engineer) WATER IMPROVEMENTS -- Real Property (proceeds from the lease of) ZONING AND … certain exceptions, the proceeds of a lease of unneeded real property owned by, but not required for the purposes of, …
https://www.osc.ny.gov/legal-opinions/opinion-2006-10Village of Hempstead – Budget Review (B7-16-4)
… of its taxing authority. The Village’s ability to rely on real property taxes as an increased revenue source in the … $500,000 from the tax stabilization reserve to lessen the real property tax levy. The Board has not yet adopted a …
https://www.osc.ny.gov/local-government/audits/village/2016/04/07/village-hempstead-budget-review-b7-16-4Buffalo Academy of Science Charter School – School Building Lease (2013M-138)
… Jersey metropolitan area that did not have any apparent real estate experience. We also found that the terms and … Conduct site selection reviews and cost analysis for real estate transactions and ensure transparency in …
https://www.osc.ny.gov/local-government/audits/school-district/2013/07/26/buffalo-academy-science-charter-school-school-building-lease-2013m-138State Comptroller DiNapoli Releases Municipal Audits
… local government audits have been issued. Town of Owasco – Real Property Tax Exemptions Administration (Cayuga County) The assessor did not properly administer select real property tax exemptions. Granted property exemptions …
https://www.osc.ny.gov/press/releases/2021/02/state-comptroller-dinapoli-releases-municipal-auditsDiNapoli: State Pension Fund Valued at $273.4 Billion at End of Third Quarter
… bonds, and mortgages at 22.16%, private equity at 14.58%, real estate and real assets at 13.93%, and credit, absolute return …
https://www.osc.ny.gov/press/releases/2025/02/dinapoli-state-pension-fund-valued-2734-billion-end-third-quarterDiNapoli: State Pension Fund Value $210.2 Billion
… Equities 3.03% 5.3% TIPS* 2.76% 4.0% Absolute Return Strategies 2.07% 2.5% Non-Core Fixed Income 3.92% 2.0% Cash …
https://www.osc.ny.gov/press/releases/2019/05/dinapoli-state-pension-fund-value-2102-billionDiNapoli: State Pension Fund Value $178.1 Billion
… well, with private equity, opportunistic alternatives and real estate delivering returns of 9.12, 4.00 and 13.14 … Non-US Equities -8.54% 13.1% Private Equity 9.12% 7.8% Real Estate 13.14% 6.9% Global Equities -3.61% 4.6% TIPS** … Income -0.07% 1.7% Opportunistic Alternatives 4.00% 1.0% Real Assets 16.64% 0.3% * Returns are estimated, pending …
https://www.osc.ny.gov/press/releases/2016/06/dinapoli-state-pension-fund-value-1781-billionOpinion 88-11
… is in reply to your inquiry regarding a proposed sale of real property which was conveyed to a village by a deed … Legislature. A village is generally authorized to sell real property which is no longer needed for village purposes … the general authority in section 1-102 to convey unneeded real property, it is well-established that "dedicated park …
https://www.osc.ny.gov/legal-opinions/opinion-88-11Real Property Tax Levies, Taxable Full Value and Full Value Tax Rates
… tax levies, taxable full value and full value tax rates for local governments. Read the data description files to … | 2015 LG [.xls] | 2014 LG [.xls] | 2013 LG [.xls] | Data for 2012 and prior Data Notes: Data for 2012 and prior are not comparable to later years. …
https://www.osc.ny.gov/local-government/data/real-property-tax-levies-taxable-full-value-and-full-value-tax-ratesOpinion 94-26
… of limit on) -- Establishment (by town within village) REAL PROPERTY TAXES AND ASSESSMENTS -- Assessments … municipal taxes" levied in that year against the taxable real property in the district. It further provides that the … is permitted by law to raise in that year by real property tax. It is evident that the terms "municipal …
https://www.osc.ny.gov/legal-opinions/opinion-94-26Current Trends in the New York City Economy - September 2004
Employment is increasing, commercial real estate markets are improving, and the residential real estate market is continuing to boom.
https://www.osc.ny.gov/files/reports/osdc/pdf/report-6-2005.pdfCity of Salamanca – Selected Financial Activities (2015M-284)
… management practices and the collection of overdue real property taxes and ambulance service charges for the … requirements are being met regarding enforcement of unpaid real property taxes. Adopt written policies and procedures …
https://www.osc.ny.gov/local-government/audits/city/2016/03/04/city-salamanca-selected-financial-activities-2015m-284Falconer Central School District – Financial Management (2024M-52)
… budgeting practices resulted in the District levying more real property taxes than needed, a significant accumulation … of the statutory limit and missed opportunities to lower real property taxes. The continued practice of overestimating …
https://www.osc.ny.gov/local-government/audits/school-district/2024/08/09/falconer-central-school-district-financial-management-2024m-52