Search
NYS Common Retirement Fund Announces First Quarter Results
… months of the state fiscal year," DiNapoli said. "As a long term investor, the fund's performance is best measured … State Common Retirement Fund is the third largest public pension fund in the United States. The Fund holds and invests the assets of the New York State and Local Retirement System on behalf of more than one million …
https://www.osc.ny.gov/press/releases/2017/08/nys-common-retirement-fund-announces-first-quarter-resultsDiNapoli: Moderate Growth in Local Sales Tax Collections for First Half of 2017
… tax growth across the state is welcome news, especially for many of our upstate communities that have struggled with … remain cautious. While consumer spending is holding up for now, the upcoming back-to-school and holiday shopping … percent) in the first half of 2017. This increase accounts for nearly half (48 percent) of the total growth statewide of …
https://www.osc.ny.gov/press/releases/2017/08/dinapoli-moderate-growth-local-sales-tax-collections-first-half-2017DiNapoli: Local Sales Tax Collections Grew by Nearly 17% in May
… in New York state increased by 16.7% in May compared to the same month in 2021, according to an analysis released … collections totaled $1.7 billion, up $242 million from May of last year. “Sales tax collections for most local … continued to face higher prices for goods and services in the state,” DiNapoli said. “My office is closely monitoring …
https://www.osc.ny.gov/press/releases/2022/06/dinapoli-local-sales-tax-collections-grew-nearly-17-mayXV.13 Federal Funds – Payments – XV. End of Year
… In order for the State to be reimbursed for payments made from federal funds … to Financial Operations REV. 01/06/2020 … In order for the State to be reimbursed for payments made from federal funds …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xv/xv13-federal-funds-paymentsXV.11 Journal/Revenue Transfers – XV. End of Year
… To facilitate OSC review of General Ledger Journal Entries and AP Journal Vouchers prior …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xv/xv11-journalrevenue-transfersDiNapoli: State Pension Fund Value $194.3 Billion
… the early outbreak of the pandemic in the United States with a value of $194.3 billion. Globally, assets swiftly … as the second best-funded pension fund in the nation with a funding ratio of 98 percent, based on 2018 data. An … by investment results over a multi-year period along with numerous other actuarial assumptions, including wage …
https://www.osc.ny.gov/press/releases/2020/07/dinapoli-state-pension-fund-value-1943-billionNYS Common Retirement Fund Reports First Quarter Results
… The New York State Common Retirement Fund’s (Fund) estimated return in the first quarter of the … and uncertainty will continue. We manage New York state’s pension fund to withstand tough challenges. That’s why the …
https://www.osc.ny.gov/press/releases/2020/08/nys-common-retirement-fund-reports-first-quarter-resultsDiNapoli Calls for Improvements to Capital Planning Process
… borrowing proceeds – to support its capital program, with another $9.6 billion proposed for the upcoming fiscal … authorities. The proportion of capital spending financed with authority bonds rose to 50.8 percent over the last five … longterm borrowing proceeds to support its capital program with another $96 billion proposed for the upcoming fiscal …
https://www.osc.ny.gov/press/releases/2014/03/dinapoli-calls-improvements-capital-planning-processState Agencies Bulletin No. 2134
… paid on the Institution pay cycle may be affected. *This does not apply to employees of the State University of New … Insurance Fund (00640, 00650) since their fiscal year does not expire until the end of June. However, although … Please reference Bulletin No. 2134 in the subject of your email. … As we await the enactment of the New York State …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2134-paycheck-distribution-may-4-2023-institution-cycle-paychecksDiNapoli: Localities Spending More to Address Climate Change Hazards
… spending on capital projects over a 10-year period, with about 55% of the total in response to climate-related … bridges and other critical infrastructure associated with climate change. The office also received information … over the 10-year period in response to climate change, with flooding and increased storm activity far outweighing …
https://www.osc.ny.gov/press/releases/2023/04/dinapoli-localities-spending-more-address-climate-change-hazardsNYS Common Retirement Fund Announces Second Quarter Results
… percent for the three-month period ending Sept. 30, 2016, with an estimated value of $184.5 billion, according to New … quarter. The Fund ended its first quarter on June 30, 2016 with an overall return of 2 percent and an estimated value of … Services (FAS) determined the Fund was well-managed with “a very high level of ethical, professional and conflict …
https://www.osc.ny.gov/press/releases/2016/11/nys-common-retirement-fund-announces-second-quarter-resultsDiNapoli: Local Sales Tax Collections Up 7% in First Quarter
… sales tax collections increased by 9.2% in January and 14.1% in February, but the growth slowed to 0.3% in … growth in city collections. Collections for the counties and cities outside New York City, in total, grew by 3.3%, or … First Quarter Sales Taxes Related Report NYC Taxable Sales and Purchases: Resilient Amid Economic Uncertainty Data …
https://www.osc.ny.gov/press/releases/2023/05/dinapoli-local-sales-tax-collections-7-percent-first-quarterDiNapoli: 2020-21 Tax Revenues $3 Billion Over Projections
… must ensure that spending commitments are in line with recurring revenue sources.” Personal income tax (PIT) … $1.9 billion and initial projections by $5.9 billion, even with $437 million more in refunds being paid in the last … than last year. The General Fund ended the fiscal year with a balance of $9.161 billion, an increase of $216.6 …
https://www.osc.ny.gov/press/releases/2021/04/dinapoli-2020-21-tax-revenues-3-billion-over-projectionsDiNapoli: Tax Revenues in February $758 Million Over Budget Projections
… of February. “There is reason to be cautiously optimistic with better-than-forecasted tax revenues from February and … year. The state has repaid $1 billion of that borrowing, with the remaining $3.4 billion due by March 31. February …
https://www.osc.ny.gov/press/releases/2021/03/dinapoli-tax-revenues-february-758-million-over-budget-projectionsDiNapoli Releases Report on Tax Check-Off Donations
… year 2019, six new tax check-off options were available; one went into effect in 2020 and two more will be effective this year. Report Tax Check-Off …
https://www.osc.ny.gov/press/releases/2021/02/dinapoli-releases-report-tax-check-off-donationsDiNapoli: State Budget Boosts Education Aid and Enacts Paid Family Leave but Falls Short on Ethics Reform and Transparency
… these accomplishments, the state budget should be created with transparency and this budget came together at the last minute and with little public scrutiny. While the state’s financial … to half a percentage point or more for most taxpayers with incomes over $26,000 when the changes are fully …
https://www.osc.ny.gov/press/releases/2016/05/dinapoli-state-budget-boosts-education-aid-and-enacts-paid-family-leave-falls-short-ethics-reform-andDiNapoli: Majority of Contracts with Not-For-Profit Organizations Still Approved Late
… State agencies were late 61 percent of the time in approving contracts with not-for-profit … contracting as recommended by DiNapoli. In 2015, 2,332 contracts were approved late by agencies. The agencies …
https://www.osc.ny.gov/press/releases/2016/06/dinapoli-majority-contracts-not-profit-organizations-still-approved-lateDiNapoli: Wall St. Profits Return to Pre-Pandemic Levels
… Wall Street’s pandemic boom came to an end in 2022, with pretax, first half profits of $13.5 billion, down 56.3% … employment in the city’s securities industry rose in 2022, with 1,600 jobs added through September to bring the total to … one in 11 jobs (nearly 9%) in the city was associated with the securities industry, a drop from one in nine in …
https://www.osc.ny.gov/press/releases/2022/10/dinapoli-wall-st-profits-return-pre-pandemic-levelsDiNapoli Releases Year-End and April Cash Reports
… that were not anticipated when the budget was enacted in March 2013. The state deposited $175 million into the Rainy …
https://www.osc.ny.gov/press/releases/2014/05/dinapoli-releases-year-end-and-april-cash-reportsDiNapoli Releases Report on State Spending to Implement Raise the Age Law
… of the “Raise the Age” (RTA) law enacted in 2017, with $658.8 million disbursed so far, according to a report … system, and can no longer be detained in county jails with adults or in state prisons. “Under the Raise the Age … by the state for all new and ongoing costs associated with implementation of RTA. To qualify for reimbursement, …
https://www.osc.ny.gov/press/releases/2025/05/dinapoli-releases-report-state-spending-implement-raise-age-law