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New York State Comptroller DiNapoli: Wall Street Profits Rose in 2018, But Bonuses Fell
… but the average bonus paid to industry employees in New York City declined by almost 17 percent to $153,700, … industry still had a good year with increased profits and employment,” DiNapoli said. “Profits grew in 2018 and … in the city’s securities industry ($422,500 in 2017, the latest annual data available) was more than five times higher …
https://www.osc.ny.gov/press/releases/2019/03/new-york-state-comptroller-dinapoli-wall-street-profits-rose-2018-bonuses-fellState Agencies Bulletin No. 1729
… Purpose To inform agencies of the content information for the 2018 Form 1042-S Affected Employees All Nonresident … tax year 2018 Background According to the IRS instructions for Form 1042-S, amounts subject to reporting on Form 1042-S … Income The amount is the gross sum of all payments made for the calendar year 2018. Box 3 Chap. 3 This box should be …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1729-form-1042-s-foreign-persons-us-source-income-subject-withholdingNew York Schools Reported More Than 32,000 Violent and Disruptive Incidents in the 2017-18 School Year
… 32,000 violent and disruptive incidents in the 2017-18 school year (SY), including assaults, bomb threats and sexual … or sexual offenses. Incident rates climb with grade level: middle or junior high schools had 13.6 incidents per 1,000 … (nearly 40 percent of all, or 1,034 schools) compared to middle or junior high schools (11.4 percent) and senior high …
https://www.osc.ny.gov/press/releases/2019/08/new-york-schools-reported-more-32000-violent-and-disruptive-incidents-2017-18-school-yearDiNapoli: MTA’s Subway Station Repair List Is Growing
… The overall number of repairs needed in New York City’s subway stations has increased, leaving fewer … are rated 4.0 or higher. The MTA recently completed its latest survey, which is based on 2017 observations. The …
https://www.osc.ny.gov/press/releases/2019/08/dinapoli-mtas-subway-station-repair-list-growingOversight of the Pesticide Reporting Law
… information received under the Pesticide Reporting Law for the period January 1, 2013 through December 31, 2015, and … Division of Materials Management is responsible for administering the Pesticide Reporting Law (PRL), which … due by February 1 of the year following the calendar year for which the report is being submitted. The PRL amended the …
https://www.osc.ny.gov/state-agencies/audits/2018/11/29/oversight-pesticide-reporting-lawDiNapoli Audit: MTA Transit Capital Projects Plagued by Cost Overruns and Delays
… throughout the project pipeline that contributed to delays and higher costs, according to an audit released today by … power to fix. As the MTA strives to improve the system for riders and overhaul its operations, we hope it takes a … construction, leading to delays and additional costs. For example, during an accessibility project to install …
https://www.osc.ny.gov/press/releases/2019/07/dinapoli-audit-mta-transit-capital-projects-plagued-cost-overruns-and-delaysState Agencies Bulletin No. 1594
… Purpose To announce a new Control-D report that CUNY and GOER can use to help ensure that enrolled employees have the correct pre-tax deductions for mass transit and parking programs. Affected Employees … wages, up to the following limits: $255 per month for transit passes. $255 per month for qualified parking. …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1594-new-control-d-report-pre-and-post-tax-transit-and-pre-and-post-taxDiNapoli Announces State Contract & Payment Actions for November 2014
… the playing field is level and taxpayers get the best value for their money. The independent audits ensure … Yonkers Partners in Education, New York City Outward Bound Center and Harlem Center for Education. Department of … to NYU Hospitals Center and $3.5 million to Beth Israel Medical Center. $5.2 million Office of Children & Family …
https://www.osc.ny.gov/press/releases/2014/12/dinapoli-announces-state-contract-payment-actions-november-2014DiNapoli Report Highlights Regional Education Trends
… New York State Comptroller Thomas P. DiNapoli issued a report today detailing regional trends in education … revenues, such as property taxes, and less on state aid. For example, 68 percent of revenues for Long Island schools … in 2004-05, which increased to $37.6 billion in 2014-15. When adjusted for inflation, their expenditures increased …
https://www.osc.ny.gov/press/releases/2017/02/dinapoli-report-highlights-regional-education-trendsState Agencies Bulletin No. 1010
… Purpose To inform agencies of the changes in PayServ as a result of the application of … treaty exemption is referred to as the NRA Withholding Rule. Three choices are now available as follows. Exempt from Rule - There is exception to this NRA Withholding Rule. …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1010-implementation-oraclepeoplesoft-tax-updates-and-maintenance-packsState Agencies Bulletin No. 748
… inform agencies of OSC’s automatic processing of the Merit Step payments and to provide instructions for payments not …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/748-october-2007-merit-step-payments-employees-represented-public-employeesDiNapoli: Calls to Investigate Violations of Do Not Call Law Going Unanswered
… for prosecuting alleged violators in administrative hearings and pursuing negotiations, had been vacant nearly a …
https://www.osc.ny.gov/press/releases/2018/09/dinapoli-calls-investigate-violations-do-not-call-law-going-unansweredOpinion 2001-4
… the opinion. TOWN ASSESSOR -- Compensation (fixed amount for specified services plus hourly rate for revaluation work to be performed by appointive assessor); (salary increase for appointive assessor) LOCAL LAWS -- Compensation (fixed …
https://www.osc.ny.gov/legal-opinions/opinion-2001-4Monitoring of Not-for-Profit Cemeteries for Fiscal Stability and Adequate Facility Maintenance
… more readily and accurately identify cemeteries at risk, increase its work planning efficiency, and enable centralized …
https://www.osc.ny.gov/state-agencies/audits/2017/07/11/monitoring-not-profit-cemeteries-fiscal-stability-and-adequate-facility-maintenanceState Comptroller DiNapoli Releases Audits
… grants "preferred source" status to Corcraft and not-for-profit organizations that serve and employ the blind, … central procurement agency. The New York State Industries for the Disabled (NYSID) is the agency designated to facilitate orders among agencies for the severely disabled and veterans workshops. SED is …
https://www.osc.ny.gov/press/releases/2017/11/state-comptroller-dinapoli-releases-auditsWhat is a Defined Benefit Plan?
… by many private employers. Perhaps the greatest benefit is that, once you meet the minimum age and service … However, the biggest contributor to your pension plan is the New York State Common Retirement Fund . Over the past … may pay a set amount; or they may “match” all or part of what an employee contributes. Investments Contributions from …
https://www.osc.ny.gov/retirement/members/defined-benefit-planXIV.5 Employee Award Programs – XIV. Special Procedures
… SECTION OVERVIEW AND POLICIES The purpose of this section is to outline the … Business Unit personnel should be aware of in planning for employee award programs and the requirements of the Office of the State Comptroller (OSC) for approving payment for these types of programs. This …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xiv/xiv5-employee-award-programsDiNapoli: Financial Plan Outlook Has Improved; State Should Now Commit to Further Increasing Reserves
… $15.2 billion in federal assistance and $17.3 billion from tax and other policy actions. “The state’s economic and … fiscal outlook have improved,” DiNapoli said. “Local sales tax collections are up significantly, and our May Cash Report … pressures will subside in the Medicaid program. Increased tax rates on high-income earners will make the state more …
https://www.osc.ny.gov/press/releases/2021/06/dinapoli-financial-plan-outlook-has-improved-state-should-now-commit-further-increasing-reservesNew York’s Economy and Finances in the COVID-19 Era (July 1, 2021)
… While this is a positive development, there are two causes for concern: 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 personal …
https://www.osc.ny.gov/reports/new-yorks-economy-and-finances-covid-19-era-july-1-2021DiNapoli Calls for NYC to Bolster Reserves as Economy Rebounds Amid Rising Spending
… of planned savings initiatives ($315 million). By FY 2025, the city will still incur more than $1 billion in … spending will still grow to $78.3 billion by FY 2025 and does not include out-year funding for new recovery … exceed $600 million in FY 2023, and near $1 billion in FY 2025. In order to achieve long-term structural balance, the …
https://www.osc.ny.gov/press/releases/2021/08/dinapoli-calls-nyc-bolster-reserves-economy-rebounds-amid-rising-spending