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DiNapoli: State Pension Fund Investments Return 5.84% for State Fiscal Year 2024-25
… was 5.84% for the state fiscal year that ended March 31, 2025. The Fund closed the year with an estimated value of $272.8 billion. (Note: In July 2025, following the annual audit of the Fund's financials, … volatility has been pronounced in the first half of 2025, with unpredictable actions out of Washington and other …
https://www.osc.ny.gov/press/releases/2025/06/dinapoli-state-pension-fund-investments-return-584-state-fiscal-year-2024-25DiNapoli: New York May Be Paying Medicaid Premiums for People Living Out-of-State
… Medicaid members, and found close to $1.2 billion in managed care premiums that were paid for members who may have resided outside of New York. … is a vital program and the single biggest expense in the state budget. We cannot afford any wasteful spending,” … outofstate Medicaid members and found close to $12 billion in managed care premiums that were paid for members who may …
https://www.osc.ny.gov/press/releases/2025/09/dinapoli-new-york-may-be-paying-medicaid-premiums-people-living-out-stateState Falls Short in Verifying if Companies Qualify for Tax Breaks Under Excelsior Program
… Empire State Development Corp. (ESD), the entity in charge of doling out millions of dollars in tax … to expand in New York state, could not verify that many of the companies participating in the Excelsior Jobs Program … investments. Companies need to meet at least 75 percent of the agreed-upon commitments to receive any benefits. …
https://www.osc.ny.gov/press/releases/2016/07/state-falls-short-verifying-if-companies-qualify-tax-breaks-under-excelsior-programDiNapoli: New York City's Financial Outlook Improving
… than projected by the city in June 2014, mostly because of higher tax revenues and lower projected pension and debt … Comptroller Thomas P. DiNapoli. “There have been a number of favorable developments since the city’s budget was adopted … smaller. The city also has resumed the process of examining agency operations for cost savings and reports …
https://www.osc.ny.gov/press/releases/2014/12/dinapoli-new-york-citys-financial-outlook-improvingDiNapoli: New York City's Budget Benefits From Strong Economic Growth
… them.” The city projects budget gaps of $1.5 billion in FY 2017 and $1.9 billion in FY 2018, which are smaller than projected one year ago. … which could be used to help close the budget gaps. In FY 2015, tax collections reached a record $51.7 billion, …
https://www.osc.ny.gov/press/releases/2015/08/dinapoli-new-york-citys-budget-benefits-strong-economic-growthDiNapoli: Facilities Using Radioactive Materials or Radiation Equipment in New York City Were Not Always Properly Inspected or Licensed
… The New York City Department of Health and Mental Hygiene (DoHMH) did not always inspect … radiation exposure. Unfortunately, we found a number of troubling instances of lax supervision that create the potential to put New … The New York City Department of Health and Mental Hygiene DoHMH did not always inspect …
https://www.osc.ny.gov/press/releases/2018/08/dinapoli-facilities-using-radioactive-materials-or-radiation-equipment-new-york-city-were-not-alwaysDiNapoli: Local Sales Tax Collections Grew by Nearly 17% in May
… collections totaled $1.7 billion, up $242 million from May of last year. “Sales tax collections for most local … monitoring New York’s economy, including the impact of inflation on consumer behavior." New York City’s collections totaled $720 million, an increase of 13.3% — or $84.6 million — when compared to May of 2021. …
https://www.osc.ny.gov/press/releases/2022/06/dinapoli-local-sales-tax-collections-grew-nearly-17-mayXII.5.N Processing Vouchers using the MSC01 Business Unit – XII. Expenditures
… Process and Document Preparation In the event that an agency must process a payment that uses … In the event that an agency must process a payment that uses …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xii/xii5n-processing-vouchers-using-msc01-business-unitDiNapoli: Audit Questions Payments Made to Supportive Housing Provider
… in questionable costs that were paid by the state Office of Mental Health (OMH) to an Altamont, N.Y. company that … services through OMH and the New York City Department of Health and Mental Hygiene (DOHMH) to individuals who have … claimed costs totaling over $848,000. "The Office of Mental Health is not fulfilling its responsibility to …
https://www.osc.ny.gov/press/releases/2017/05/dinapoli-audit-questions-payments-made-supportive-housing-providerDiNapoli: State Missing Out on Millions in Medicare Payments for Kidney Patients
… The state Department of Health (DOH) could have saved the Medicaid program as much as $146 million over a six-year period if it had helped … certain eligibility requirements get the Medicare benefits to which they are entitled, according to an audit released … The state Department of Health could have saved the Medicaid program as much as $146 million over …
https://www.osc.ny.gov/press/releases/2017/03/dinapoli-state-missing-out-millions-medicare-payments-kidney-patientsDiNapoli: Federal Housing Aid Going Unused Despite New York's Affordable Housing Crisis
… York State Comptroller Thomas P. DiNapoli. “New York is in the midst of a housing crisis and Homes and Community … that support vouchers and needs to maximize participation in the programs it oversees. Too many New Yorkers are … During that time, HCR administered about $9.4 billion in federal housing funds, including $6.8 billion for the …
https://www.osc.ny.gov/press/releases/2023/03/dinapoli-federal-housing-aid-going-unused-despite-new-yorks-affordable-housing-crisisDiNapoli: State Education Employment Program For New Yorkers With Disabilities Falling Short
… employment, transition to independent living, and rise out of poverty is not fulfilling its mission because it too often … employment goals. I applaud the Governor’s appointment of a chief disability officer, and hope that this will result … rehabilitation services and supports the employment goals of people with a disability. SED has 15 ACCES-VR district …
https://www.osc.ny.gov/press/releases/2022/03/dinapoli-state-education-employment-program-new-yorkers-disabilities-falling-shortDiNapoli: 2020-21 Tax Revenues $3 Billion Over Projections
… billion higher than forecast by the state Division of the Budget (DOB) in the Amended Executive Budget Financial … sales tax receipts, totaled $16.1 billion, falling short of prior year totals by $1.9 billion or 10.6 percent. … The General Fund ended the fiscal year with a balance of $9.161 billion, an increase of $216.6 million from opening …
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
… year results, tax collections through February were $758.4 million higher than forecast in the most recent Division of the Budget (DOB) update to the State Financial Plan, according to the monthly State Cash Report released today by New York State … year results tax collections through February were $7584 million higher than forecast in the most recent Division of …
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
… contributions and related funds that had not yet been used for their intended purposes. “New York taxpayers generously … need to make sure the money gets put to work promptly for these worthy causes and provide the accountability that … of contributions, with more than 16,000, while Breast Cancer Research received the largest amount of donations, …
https://www.osc.ny.gov/press/releases/2021/02/dinapoli-releases-report-tax-check-off-donationsDiNapoli: Former Riverside Treasurer Embezzles $80K
… The former treasurer in the village of Riverside, located in Steuben County, stole … in taxpayer funds through extra pay, pocketing cash and using the village’s credit card for personal purchases, … The former treasurer in the village of Riverside located in …
https://www.osc.ny.gov/press/releases/2014/04/dinapoli-former-riverside-treasurer-embezzles-80kDiNapoli: State Needs to Better Protect Water Supply Infrastructure Against Natural Disasters, Cyberattacks and Terrorism
… New York’s Health Department (DOH) and Division of Homeland Security and Emergency Services (DHSES) can do more to protect the state’s water systems from attacks and the … New Yorks Health Department DOH and Division of Homeland Security and Emergency Services …
https://www.osc.ny.gov/press/releases/2023/06/dinapoli-state-needs-better-protect-water-supply-infrastructure-against-natural-disastersDiNapoli: Wall St. Profits Return to Pre-Pandemic Levels
… came to an end in 2022, with pretax, first half profits of $13.5 billion, down 56.3% from the $31 billion earned in … New York City’s securities industry. “The last two years of profits and bonuses fueled in part by the extraordinary … is traditionally measured by the pretax profits of the broker/dealer operations of New York Stock Exchange …
https://www.osc.ny.gov/press/releases/2022/10/dinapoli-wall-st-profits-return-pre-pandemic-levelsDiNapoli: MTA Budget Gaps Driven By Fare Revenue Drop
… While the MTA has identified a targeted $100 million in unspecified efficiency savings, this will not be enough to close its projected deficit of $1.6 billion starting in 2024 as pointed out by DiNapoli in October . DiNapoli urged the MTA to expand on these …
https://www.osc.ny.gov/press/releases/2022/11/dinapoli-mta-budget-gaps-driven-fare-revenue-dropDiNapoli Says Wall Street May Still Have a Good Year Given Strong Start
… Wall Street’s profits were strong in the first half of 2015 at $11.3 billion, the strongest first half since … Thomas P. DiNapoli today. “After a very strong first half of the year, the securities industry faces volatile financial … an unsteady global economy,” DiNapoli said. “After years of downsizing, the industry has been adding jobs in New York …
https://www.osc.ny.gov/press/releases/0215/10/dinapoli-says-wall-street-may-still-have-good-year-given-strong-start