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DiNapoli: Financial Plan Outlook Has Improved; State Should Now Commit to Further Increasing Reserves
… than $15 billion over the Financial Plan period. Total school aid is projected to reach $31.4 billion in SFY … to replace federal relief aid provided directly to school districts with state dollars when that aid is …
https://www.osc.ny.gov/press/releases/2021/06/dinapoli-financial-plan-outlook-has-improved-state-should-now-commit-further-increasing-reservesDiNapoli: State Education Department Missed Red Flags of Proprietary Schools' Financial Trouble
… The State Education Department’s (SED) weak enforcement of licensing requirements for non-degree proprietary schools … investments — at risk, an audit released today by State Comptroller DiNapoli found. “Lax oversight allowed … DiNapoli State Education Department Missed Red Flags of Proprietary …
https://www.osc.ny.gov/press/releases/2021/01/dinapoli-state-education-department-missed-red-flags-proprietary-schools-financial-troubleNew York’s Economy and Finances in the COVID-19 Era (July 1, 2021)
… The growth is primarily due to transfer receipts, which account for more than 20 percent of personal income, well above the pre-pandemic share, and account for most of the quarter-over-quarter increase in …
https://www.osc.ny.gov/reports/new-yorks-economy-and-finances-covid-19-era-july-1-2021New York’s Economy and Finances in the COVID-19 Era (March 18, 2021)
… Continue to Report a Negative Overall Impact From COVID-19 One year since the onset of the COVID-19 pandemic, New York’s small businesses continue to suffer, even as the … available for a 30-year term with payments deferred for one year. The Paycheck Protection Program provides small …
https://www.osc.ny.gov/reports/impact-covid-19-march-18-2021State Agencies Bulletin No. 1836
… used to report and track overtime worked due to the COVID-19 health crisis. Affected Employees Employees working in … Agencies who work overtime due to events of the COVID-19 health crisis are affected. Background Pursuant to … track expenditures of overtime worked related to COVID-19 preparation and response activities. To facilitate …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1836-reporting-overtime-related-covid-19DiNapoli: New Yorkers Could Lose $72B in Reported State and Local Tax Deductions Under Trump Plan
… to lose more than $72 billion in reported deductions for income and property taxes if proposals to change the federal tax code are implemented, according to a report issued today by State Comptroller Thomas P. DiNapoli. "New Yorkers lose … to lose more than $72 billion in reported deductions for income and property taxes if proposals to change the federal …
https://www.osc.ny.gov/press/releases/2017/10/dinapoli-new-yorkers-could-lose-72b-reported-state-and-local-tax-deductions-under-trump-planDiNapoli Calls for NYC to Bolster Reserves as Economy Rebounds Amid Rising Spending
… city’s expired labor contracts remains a question in the near future. Coupled with a target of $1 billion in labor … spending risks still exceed $600 million in FY 2023, and near $1 billion in FY 2025. In order to achieve long-term …
https://www.osc.ny.gov/press/releases/2021/08/dinapoli-calls-nyc-bolster-reserves-economy-rebounds-amid-rising-spendingNew York’s Economy and Finances in the COVID-19 Era
… Subscribe for Latest Updates The State Comptroller’s office … regularly updated on the state’s economy and finances. Subscribe to get the latest update. Subscribe Read Prior Editions September 30, 2020 Edition …
https://www.osc.ny.gov/reports/covid-19-september-30-2020State Comptroller DiNapoli Releases Audits
… Thomas P. DiNapoli announced today the following audits and examinations have been issued: Office of General Services (OGS) and the State Education Department (SED): Preferred Source … Program grants "preferred source" status to Corcraft and not-for-profit organizations that serve and employ the …
https://www.osc.ny.gov/press/releases/2017/11/state-comptroller-dinapoli-releases-auditsCUNY Bulletin No. CU-750
… eligible employees, the agency must submit the following job requests, regardless of the employee’s status: For all … exception of percentage-based dues and the following: Code Description 403 CUNY 403(b) 406 Strike/Discip Fine 416 … Repairer rate increases may be directed to the University Manager of Payroll Systems and Operations at CUNY Central …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/city-university-new-york/cu-750-cuny-retroactive-salary-rate-increases-plumbers-supervisorState Comptroller DiNapoli Releases Audits
… more cost-effective options, because Civil Service, citing Health Insurance Portability and Accountability Act (HIPAA) … Program): Accuracy of Medicaid Eligibility Determined by NY State of Health (Follow-Up) (2022-F-15) The initial audit, … payments stemmed from processing weaknesses in the NY State of Health (NYSOH) system as well as a lack of …
https://www.osc.ny.gov/press/releases/2022/10/state-comptroller-dinapoli-releases-audits-0What is a Defined Benefit Plan?
… plans, retirement assets are pooled, and the investment risk is shared. These plans are usually administered by … and retain qualified employees. Employers can reduce the risk of employee turnover, which can help cut training costs … With a defined contribution plan, the employer, employee or both make contributions to an individual retirement …
https://www.osc.ny.gov/retirement/members/defined-benefit-planDiNapoli: NYC Finances Continue To Benefit From Better Than Projected Revenue but Spending Pressures Remain
… stated out-year gaps now total $17.6 billion from FY 2026 to FY 2028, $2.25 billion less than the three-year gap … gaps of nearly $2.3 billion in FY 2025, $8.5 billion in FY 2026, nearly $10 billion in FY 2027 and $12.8 billion in FY …
https://www.osc.ny.gov/press/releases/2024/08/dinapoli-nyc-finances-continue-benefit-better-projected-revenue-spending-pressures-remainPark Accessibility for People With Disabilities
… to October 2022. About the Program The New York City (NYC or City) Department of Parks & Recreation (Parks or agency), a mayoral agency, is the chief steward of City … nearly 7 million people with a disability either living in or visiting the City, access to parks – and the necessary …
https://www.osc.ny.gov/state-agencies/audits/2023/03/22/park-accessibility-people-disabilitiesState Agencies Bulletin No. 1452
… Purpose To inform agencies of OSC’s automatic processing of the December 2015 minimum wage increases for hourly … who meet the eligibility criteria Background Chapter 57 of the Laws of 2013 increased the New York State minimum wage … To inform agencies of OSCs automatic processing of the December 2015 minimum …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1452-december-2015-minimum-wage-increase-hourly-employeesState Agencies Bulletin No. 2181
… Purpose: The purpose of this bulletin is to inform agencies that employees with NYSPO access can opt out of receiving a paper Form W-2 statement for the 2023 tax … Employees enrolled in NYSPO who have chosen to opt out of receiving a paper Form W-2 statement are affected. …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2181-new-york-state-payroll-online-nyspo-electronic-delivery-2023-form-w-2Mitigation for Extreme Weather Conditions and Flooding
… Objectives To determine whether the Long Island Rail Road (LIRR) performed a systemwide risk assessment to identify … to mitigate their effects. We also determined whether the LIRR tested and updated the plans and inspected/maintained … from April 2009 to January 2023. About the Program The LIRR was founded in 1834 and comprises over 700 miles of …
https://www.osc.ny.gov/state-agencies/audits/2024/03/13/mitigation-extreme-weather-conditions-and-floodingDiNapoli Report Looks at New York's Social Insurance Programs for Unemployed and Injured Workers
… to maximum benefits are being phased in through October 2026, at which point they will equal 50% of the New York … will phase in increases to the minimum benefit through 2026, after which it will be set at 20% of the New York State …
https://www.osc.ny.gov/press/releases/2024/11/dinapoli-report-looks-new-yorks-social-insurance-programs-unemployed-and-injured-workersState Agencies Bulletin No. 2282
… out of receiving a paper Form W-2 statement for the 2024 tax year. Affected Employees: Employees enrolled in NYSPO who … with IRS Publications 15-A , Employer’s Supplemental Tax Guide 2024, and 1141 General Rules and Specifications … , employers may electronically furnish Form W-2, Wage and Tax Statements to employees if the following requirements are …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2282-new-york-state-payroll-online-nyspo-electronic-delivery-2024-form-w-2State Comptroller DiNapoli Releases Audits
… Administration Program across the state. HCV provides rental and homeownership assistance. A prior audit, issued in … (DME, i.e., devices and equipment available on a monthly rental basis) as a benefit of the Medicaid program. There are typically limits (or caps) on the number of monthly rental payments. A prior audit, issued in April 2023, found …
https://www.osc.ny.gov/press/releases/2024/12/state-comptroller-dinapoli-releases-audits