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Restrictions – Special 20- and 25-Year Plans
… earned compensation that exceeds the Governor’s annual salary is excluded (please refer to our Overtime and Earnings …
https://www.osc.ny.gov/retirement/publications/1517/final-average-earnings/restrictionsFailing To Adhere to Policy and Proper Procedures – Travel and Conference Expense Management
… these requirements. Your policy should specifically state what will occur in the case of improper claims for travel and … Your policy should specifically state what will occur in the case of improper claims for travel and …
https://www.osc.ny.gov/local-government/publications/travel-conference-expense/failing-adhere-policy-and-proper-proceduresState Comptroller DiNapoli Releases Municipal Audit
… failed to assess annually reported capital investment and salary information for reliability or compare it to estimates …
https://www.osc.ny.gov/press/releases/2020/10/state-comptroller-dinapoli-releases-municipal-auditDiNapoli Releases August Cash Report
… volatility in financial markets, the revenue outlook for the remainder of the fiscal year is uncertain.” Tax … tax collections were $355.6 million higher than the latest projections and $1.3 billion over initial projections … website called Open Book New York ( www.openbooknewyork.com ). …
https://www.osc.ny.gov/press/releases/2015/09/dinapoli-releases-august-cash-reportMTA's East Side Access Project 10 Years Late and $4.4 Billion Over Budget
… MTA’s initial estimate of $709 million to $1.9 billion, an increase of 170 percent. The cost of the Queens segment, … has grown from less than $2.2 billion to $5.6 billion, an increase of more than 150 percent. The federal government’s … the completion of East Side Access in 2019, is expected to increase overcrowding on subway platforms and surrounding …
https://www.osc.ny.gov/press/releases/2013/03/mtas-east-side-access-project-10-years-late-and-44-billion-over-budgetDiNapoli: Local Sales Taxes Jump 49.2 Percent in Second Quarter
… 2021) compared to the same period last year, a dramatic increase from last year’s weak collections during the first … plan for unpredictable circumstances.” The size of the increase largely reflects extremely weak collections in the … grew by 44.6% in the second quarter of 2021— the first increase after four quarters of year-over-year declines, but …
https://www.osc.ny.gov/press/releases/2021/07/dinapoli-local-sales-taxes-jump-49-point-2-percent-second-quarterDiNapoli: New York City Budget Surplus on Pace to Grow Another $2.4 Billion from April Projections
… public services while adapting to an uncertain economic landscape. This approach will help the city maintain … bargaining round. The city has budgeted $495 million by FY 2026 for the additional anticipated labor costs. The city’s … collectively could exceed $1.8 billion annually by FY 2026, on top of city-identified budget gaps. The city has …
https://www.osc.ny.gov/press/releases/2022/06/dinapoli-new-york-city-budget-surplus-pace-grow-another-24-billion-april-projectionsDiNapoli: Youth in NYC Face Double Digit Unemployment Rate
… Young workers in New York City between the ages of 16-24 continued to face a high 13.2% unemployment rate in 2024, which was 3.6 points higher than in 2019 and higher than all other age groups, according to a report issued by New … Young workers in New York City between the ages of 1624 continued to face a …
https://www.osc.ny.gov/press/releases/2025/06/dinapoli-youth-nyc-face-double-digit-unemployment-rateMTA Makes Progress Funding Capital Programs But Faces Risks From Federal Actions
… programs and debt. “State funds and congestion pricing have helped the MTA shore up its capital programs and plans … to pay for $23.5 billion in debt and $8 billion in pay-as-you-go capital funds. Since 2022, the MTA has increasingly … budget. If capital lockbox debt service and revenue were not kept separate, debt service would account for 25.3% of …
https://www.osc.ny.gov/press/releases/2025/06/mta-makes-progress-funding-capital-programs-faces-risks-federal-actionsDiNapoli: End of Continuous Medicaid Enrollment Requirement Poses Risks to State Financial Plan
… in January 2020 to just over 8 million in June 2023, an increase of 31.5%. Federal legislation ended the continuous … At a state share cost of $4,020 per enrollee, this would increase state share Medicaid spending by about $1.1 billion … coverage at a later date. Unanticipated costs would increase by an additional $372.2 million to nearly $1.5 …
https://www.osc.ny.gov/press/releases/2024/01/dinapoli-end-continuous-medicaid-enrollment-requirement-poses-risks-state-financial-planDiNapoli: Wall Street Bonus Pool Reaches Record High of $47.5 Billion in 2024
… first major increase since the COVID-19 pandemic highs. Wall Street’s profits rose 90% in 2024. “The record high bonus pool reflects Wall Street’s very strong performance in 2024,” DiNapoli … or indirectly associated with the securities industry. Wall Street accounted for 19% of the state’s tax collections …
https://www.osc.ny.gov/press/releases/2025/03/dinapoli-wall-street-bonus-pool-reaches-record-high-475-billion-2024State Comptroller DiNapoli Statement on Proposed SEC Rule Changes
… managements’ opposition to shareholder proposals and increase costs for investors. These proposals are contrary to …
https://www.osc.ny.gov/press/releases/2019/11/state-comptroller-dinapoli-statement-proposed-sec-rule-changesDiNapoli Releases August State Cash Report
… totaled $28.2 billion for the five months ended in August, $133 million above updated projections, primarily due to double digit growth in business tax collections, according … collections totaled $282 billion for the five months ended in August $133 million above updated projections primarily …
https://www.osc.ny.gov/press/releases/2017/09/dinapoli-releases-august-state-cash-reportPublic Authorities – 2022 Financial Condition Report
… issued by public authorities; and Provided for a combined increase in State-Supported public authority bonding … or 13.2 percent over previous limits. Most of the bond cap increase is for housing, economic development, and …
https://www.osc.ny.gov/reports/finance/2022-fcr/public-authoritiesState Comptroller Thomas P. DiNapoli Statement on New York City Adopted Budget Agreement
… of FY 2022. These unanticipated resources were used to increase a planned deposit to its recently established Rainy Day Fund (by $750 million since April, which will increase the balance to nearly $2 billion); the balance held …
https://www.osc.ny.gov/press/releases/2022/06/state-comptroller-thomas-p-dinapoli-statement-new-york-city-adopted-budget-agreementDiNapoli: State Tax Revenues Down $3 Billion
… DOB’s projection in its First Quarter Update issued in August. While DOB did not change its projections of tax … in total October tax receipts of $753 million from its August projection. Personal income tax revenues in October …
https://www.osc.ny.gov/press/releases/2020/11/dinapoli-state-tax-revenues-down-3-billionHigher Education – 2021 Financial Condition Report
Provides information about New York States public and private higher education institutions
https://www.osc.ny.gov/reports/finance/2021-fcr/higher-educationConservation Fund – Sources and Uses of Funds
… in the years immediately following the license fee increase, while direct Program expenditures initially … which were shifted to other funding sources before the fee increase. In 2012-2013, the Fund supported 113 fewer …
https://www.osc.ny.gov/state-agencies/audits/2013/10/09/conservation-fund-sources-and-uses-fundsElementary and Secondary Education – 2023 Financial Condition Report
… increases averaged 2.1 percent, compared to a 1.7 percent increase the previous year. More than 557,000 votes were … rate in New York State was 87 percent for SY 2021-22, an increase from 86 percent the prior year and from 77 percent …
https://www.osc.ny.gov/reports/finance/2023-fcr/elementary-and-secondary-educationCity of Glen Cove – Budget Review (B7-16-12)
… for the 2017 fiscal year are reasonable. Background The City of Glen Cove, located in Nassau County, issued debt … City of Glen Cove Budget Review B71612 …
https://www.osc.ny.gov/local-government/audits/city/2016/10/14/city-glen-cove-budget-review-b7-16-12