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DiNapoli: NYC's Fiscal Picture Improves Short Term, but Significant Risks Lie Ahead
… future budget gaps recognize the need to achieve long-term budgetary balance,” DiNapoli said. “It also recognized … rental- and food-related income supports and access to legal counsel, if it intends on continuing those services. …
https://www.osc.ny.gov/press/releases/2023/02/dinapoli-nycs-fiscal-picture-improves-short-term-significant-risks-lie-aheadOpinion 89-56
… This opinion represents the views of the Office of the State Comptroller at the time it was rendered. The opinion … payments proposed to be made to town employees. You state that the town has established a self-insured health … gift of town funds in violation of Article VIII, §1 of the State Constitution. Town Law, §27(1) provides that salaries …
https://www.osc.ny.gov/legal-opinions/opinion-89-56DiNapoli: New York City's Budget Outlook Improves
… New York City’s budget outlook for Fiscal Year (FY) 2025, but funding for education and social services remain … immigration reform.” The city’s Preliminary FY 2025 budget and January Financial Plan enabled the city to … (adjusted for prepayments), close its $7.1 billion FY 2025 budget gap, and reduce its out-year gaps. The January …
https://www.osc.ny.gov/press/releases/2024/02/dinapoli-new-york-citys-budget-outlook-improvesSelected Programs to Assist Businesses in New York City
… Objectives To determine whether the New York City Department of Small … Advocates and Compliance Advisors provided services to assist businesses in opening, operating, and expanding … To determine whether the New York City Department of Small Business Services provided …
https://www.osc.ny.gov/state-agencies/audits/2024/03/14/selected-programs-assist-businesses-new-york-cityDiNapoli: Taxpayers Moving Out of State Spiked in 2020, Led by Those Leaving NYC
… A report released today found more than one of every 100 resident personal income tax (PIT) filers left … to the prior year. While declining in 2021, the net number of taxpayers leaving remained one-third greater than the … The report examines PIT filings for the pandemic years of 2020 and 2021 and follows up on DiNapoli’s May 2022 report …
https://www.osc.ny.gov/press/releases/2023/12/dinapoli-taxpayers-moving-out-state-spiked-2020-led-those-leaving-nycDiNapoli: NYC's 2024 Budget Balanced, but Risks Loom
… A $5.5 billion surplus from last fiscal year and $1.7 billion in savings from the city’s Program to Eliminate the Gap (PEG) have … $2.9 billion in costs in FY 2024 to address the influx of asylum seekers. However, spending and operational … A $55 billion surplus from last fiscal year and $17 billion in savings from the …
https://www.osc.ny.gov/press/releases/2023/08/dinapoli-nycs-2024-budget-balanced-risks-loomDiNapoli: NYC Transportation and Warehousing Sector Fares Better Than Other Sectors in Recovery Amid Shift to E-Commerce
… New York City’s transportation and warehousing sector … than the city’s private sector as a whole (73%), according to a report released today by State Comptroller Thomas P. … said. “Transportation and warehousing is crucial to keep New York City’s economy moving. As goods continue to be moved …
https://www.osc.ny.gov/press/releases/2022/06/dinapoli-nyc-transportation-and-warehousing-sector-fares-better-other-sectors-recovery-amid-shift-eXIII.4.A Employee Travel Card Reconciliation – XIII. Employee Expense Reimbursement
… Reconciling travel card charges and out-of-pocket expenses is an integral part of creating and submitting travel expense … Reconciling travel card charges and outofpocket expenses is an integral part of creating and submitting travel expense …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xiii/xiii4a-employee-travel-card-reconciliationDiNapoli: NYC’s Restaurant, Retail and Recreation Sectors Continue to Struggle During Pandemic
… State Comptroller Thomas P. DiNapoli. The losses accounted for 41% of total private sector jobs lost in the city during … where jobs declined by 40% compared to an average of 13% for the other boroughs. While slow growth can be attributed … funding. The SBA was so overwhelmed with applicants for RRF awards, for example, that the money ran out quickly, …
https://www.osc.ny.gov/press/releases/2022/01/dinapoli-nycs-restaurant-retail-and-recreation-sectors-continue-struggle-during-pandemicBorrowing Against Your Contributions – Special 20- and 25-Year Plans
… If you meet eligibility requirements and have member … are fully insured in case you die before repaying them. How Much You Can Borrow The minimum loan is $25. The maximum … could result in significant tax consequences for you. You do not make the required payments on your loan at least once …
https://www.osc.ny.gov/retirement/publications/1517/borrowing-against-your-contributionsNew York’s Economy and Finances in the COVID-19 Era (March 18, 2021)
… to Report a Negative Overall Impact From COVID-19 One year since the onset of the COVID-19 pandemic, New York’s small … Economic Injury Disaster Loans are available for a 30-year term with payments deferred for one year. The Paycheck … One year since the onset of the COVID19 pandemic New Yorks small …
https://www.osc.ny.gov/reports/impact-covid-19-march-18-2021State Agencies Bulletin No. 1819
… information for the 2019 Form 1042-S. Affected Employees All Nonresident Aliens receiving a Scholarship, employed as … page. Box 2 Gross Income The amount is the gross sum of all payments made for the calendar year 2019. Box 3 Chap. 3 … that apply to the types of payments made by the State of New York are Exemption Code 04 (Exempt under tax treaty) and …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1819-form-1042-s-foreign-persons-us-source-income-subject-withholdingDiNapoli Examines Faltering LinkNYC Program
… 26%; Brooklyn, 50%; The Bronx, 60%; Queens, 70%; Staten Island, 75%. The consortium was also supposed to build five … monitoring of the conditions of the kiosks. In its response, DoITT accepted many of DiNapoli’s recommendations … and implement changes to improve it. The agency’s full response is provided in the audit. Audit LinkNYC Program …
https://www.osc.ny.gov/press/releases/2021/07/dinapoli-examines-faltering-linknyc-programNew York’s Economy and Finances in the COVID-19 Era
… The State Comptroller’s office is committed to keeping New Yorkers regularly updated on the state’s economy and … Lower-Paid Sectors Six months into the COVID-19 recession, New Yorkers working in lower-paid sectors continue to suffer … share of job losses statewide and especially in New York City. Among the nearly 1.3 million net jobs the …
https://www.osc.ny.gov/reports/covid-19-september-30-2020State Comptroller DiNapoli Releases Audits
… Civil Service. As a result, Civil Service is due $453,029 in rebates. Department of Civil Service: New York State … ESD has provided millions of dollars to private companies in high-tech sectors with the goal of creating jobs and … and Maintenance (2020-F-14) (Follow-up) An audit issued in January 2019 found that, of the 51 projects that were …
https://www.osc.ny.gov/press/releases/2020/08/state-comptroller-dinapoli-releases-auditsState Comptroller DiNapoli Releases Audits
… the issues identified in the initial audit. Department of Health (DOH): Long Island Association for AIDS Care (LIAAC) (2017-BSE6-0) For the period of February 2014 … Enrolled in Managed Long Term Care Partial Capitation Plans (Follow-Up) (2017-F-10) An initial audit released in …
https://www.osc.ny.gov/press/releases/2017/11/state-comptroller-dinapoli-releases-auditsDiNapoli: Percentage of New Yorkers With Mental Illness Rose as Available Psychiatric Beds Declined
… by State Comptroller Thomas P. DiNapoli, the rising need for mental health services coincided with a loss of 990 beds, a 10.5% drop in capacity, in inpatient psychiatric … services are urgently needed to meet the rising demand for care,” DiNapoli said. “With the COVID pandemic behind us, …
https://www.osc.ny.gov/press/releases/2024/03/dinapoli-percentage-new-yorkers-mental-illness-rose-available-psychiatric-beds-declinedWhat is a Defined Benefit Plan?
… minimum age and service requirements established by your retirement plan, you will receive a monthly pension payment … a preset formula and provide a specified payment amount at retirement. These plans are supported by contributions from … to your pension plan is the New York State Common Retirement Fund . Over the past 20 years, the Fund’s …
https://www.osc.ny.gov/retirement/members/defined-benefit-planImplications for the Future – 2022 Financial Condition Report
… The Economic Outlook: Uncertainty Remains As the world faced the third year of the COVID-19 pandemic, its impact on the economy continued … As the world faced the third year of the COVID19 pandemic its …
https://www.osc.ny.gov/reports/finance/2022-fcr/implications-futureDiNapoli: NYC Department of Education Must Do More to Combat Mental Health Crisis Among Youth
… latest in State Comptroller DiNapoli’s series of audits of health and safety in schools finds that, in the face of a mental health crisis among youth, the NYC Department of Education … latest in State Comptroller DiNapolis series of audits of health and safety in schools finds that in the face of a …
https://www.osc.ny.gov/press/releases/2022/08/dinapoli-nyc-department-education-must-do-more-combat-mental-health-crisis-among-youth