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DiNapoli: 33.55 Percent Annual Investment Return for New York State Pension Fund Is Largest in Its History
… The return on investments increased the Fund’s value to an estimated $254.8 billion. “The state pension fund rode … ever. With our talented investment staff, I will continue to manage our state’s pension fund with prudence and a focus … retirement security for our members for generations to come.” The Fund's value reflects retirement and death …
https://www.osc.ny.gov/press/releases/2021/05/dinapoli-33-point-55-percent-annual-investment-return-new-york-state-pension-fund-largest-its-historyDiNapoli: School District and Big City Tax Levy Cap at 2% for Second Straight Year
… Property tax levy growth for school districts and the state’s biggest cities will be … DiNapoli’s office calculated the inflation factor at 8% for those with a June 30, 2024 fiscal year end. “School and … 2% allowable levy growth affects the tax cap calculations for 676 school districts and 10 cities with fiscal years …
https://www.osc.ny.gov/press/releases/2023/01/dinapoli-school-district-and-big-city-tax-levy-cap-2-percent-second-straight-yearDiNapoli: State Pension Fund Valued at $273.4 Billion at End of Third Quarter
… “Although 2024 was generally positive, markets fell in December. Investors will face continued uncertainty in the months ahead with the potential for tariffs and … As of Dec. 31, the Fund had 40.94% of its assets invested in publicly traded equities. The remaining Fund assets by …
https://www.osc.ny.gov/press/releases/2025/02/dinapoli-state-pension-fund-valued-2734-billion-end-third-quarterDiNapoli Analysis Finds Worrisome, Uneven Economic Recovery Among NYC's Labor Force
… New York City lags behind the rest of the state and nation in regaining the jobs lost from the onset of the pandemic in March and April 2020, according to an analysis on the … the shock of the pandemic shutting down many businesses in early 2020, and it has not fully regained these jobs,” …
https://www.osc.ny.gov/press/releases/2022/05/dinapoli-analysis-finds-worrisome-uneven-economic-recovery-among-nycs-labor-forceState Contract and Payment Actions in August
… for the Landlord Rental Assistance Program. Other Contract Payment Rejections and Other Cost Recoveries OSC rejected tax …
https://www.osc.ny.gov/press/releases/2022/09/state-contract-and-payment-actions-augustDiNapoli: Potential Changes in Federal Policies Pose Risks for New York City's Budget
… other trends that deserve close watching. Tax collections, after increasing at an average annual rate of 6.9 percent …
https://www.osc.ny.gov/press/releases/2017/08/dinapoli-potential-changes-federal-policies-pose-risks-new-york-citys-budgetDiNapoli: Motor Vehicle Fatalities Rise Sharply in NY
… miles travelled, licensed drivers, and traffic accidents have declined, according to a report released today by New … Thomas P. DiNapoli. “Traffic fatalities in New York have grown at an alarming rate since the pandemic,” DiNapoli … are fewer drivers on the road and vehicle safety features have greatly improved, more fatal crashes are occurring. As …
https://www.osc.ny.gov/press/releases/2024/06/dinapoli-motor-vehicle-fatalities-rise-sharply-nyDiNapoli: Surge in Tourism Bolsters NYC Hotel Industry
… to 88.5 percent and the average room rate declined for the first time since the recession, from $301 to $294. … Waldorf Astoria was sold to a Chinese insurance company for a record $1.92 billion in 2014. For a copy of the complete report, The Hotel Industry in New …
https://www.osc.ny.gov/press/releases/2016/06/dinapoli-surge-tourism-bolsters-nyc-hotel-industryDiNapoli: New Yorkers’ Debt on the Rise
… Thomas P. DiNapoli. “Households across the nation have record levels of debt, after a temporary decline at the … income level in the state. On that measure, New Yorkers have a debt ratio of 57% compared to 73% for the United …
https://www.osc.ny.gov/press/releases/2022/09/dinapoli-new-yorkers-debt-riseDiNapoli: Brooklyn is King of NYC Economic Growth
… Brooklyn’s economy is expanding, adding jobs and businesses at a faster pace than the rest of New York City between 2003 and … Comptroller Thomas P. DiNapoli. "Business in Brooklyn is booming and people want to live there because of the …
https://www.osc.ny.gov/press/releases/2014/05/dinapoli-brooklyn-king-nyc-economic-growthState Comptroller DiNapoli Releases Audits
… Agriculture (USDA). The program provides rental subsidies for low-income elderly and family tenants residing in … that HTFC is making program payments to property owners for the correct number of units and that units and projects were maintained …
https://www.osc.ny.gov/press/releases/2025/02/state-comptroller-dinapoli-releases-auditsDiNapoli: NYC Office Jobs and Space Growing Amid Record Economic Expansion
… jobs. During that time, those employed in office settings have grown by 15 percent, or 202,000 jobs. Together, the … on that day. Since 2001, 38 million square feet of space have been added with more than half added in the past five … at a faster rate than it could be leased. Rental rates have risen steadily since the recession, increasing by almost …
https://www.osc.ny.gov/press/releases/2017/02/dinapoli-nyc-office-jobs-and-space-growing-amid-record-economic-expansionDiNapoli Releases Economic Profile of New York's North Country Region
… Lawrence County) and three school districts (Clifton-Fine, Indian River and Salmon River) in the region as being in some …
https://www.osc.ny.gov/press/releases/2017/10/dinapoli-releases-economic-profile-new-yorks-north-country-regionDiNapoli: Vendor Boosted Fuel Costs During Superstorm Sandy Recovery
… “Even under such circumstances, state agencies should keep watch over the public’s money and, in this case, DMNA should … gallons of fuel, adding nearly $20,000 to the purchase price and using other companies to deliver the fuel. … DiNapoli’s report concludes that DMNA paid an inflated price for the fuel, up to $1.68 more per gallon than the …
https://www.osc.ny.gov/press/releases/2015/07/dinapoli-vendor-boosted-fuel-costs-during-superstorm-sandy-recoveryComptroller DiNapoli Releases Municipal Audits
… New York State Comptroller Thomas P. DiNapoli today announced his office completed audits of the Malta Ridge Volunteer Fire Company , Schenectady … Housing Authority and the Town of Stockton . “In today’s fiscal climate, budget transparency and accountability for …
https://www.osc.ny.gov/press/releases/2014/09/comptroller-dinapoli-releases-municipal-audits-1DiNapoli: School District Tax Levy Growth to Remain Below Two Percent
… the 10 cities of Amsterdam, Auburn, Buffalo, Corning, Long Beach, Rochester, Syracuse, Watertown, White Plains and …
https://www.osc.ny.gov/press/releases/2017/01/dinapoli-school-district-tax-levy-growth-remain-below-two-percentMainstream Managed Care Organizations – Administrative Costs Used in Premium Rate Setting (Follow-Up)
… Care Organizations – Administrative Costs Used in Premium Rate Setting ( 2014-S-55 ). Background The Department of … fiscal year 2014-15 due to a flaw in the Department’s rate-setting methodology. The Department incorrectly factored …
https://www.osc.ny.gov/state-agencies/audits/2018/12/27/mainstream-managed-care-organizations-administrative-costs-used-premium-rate-setting-followDiNapoli: State Pension Fund Value $210.2 Billion
… value at the end of state fiscal year 2018 was $207.4 billion. “The Fund’s value continued to grow during its … domestic and non-U.S. holdings, had overall returns of 4.86 percent. The Fund’s broader approach to fixed income … actuarial assumptions, including wage growth, inflation, age of retirement and mortality. The Fund’s long-term …
https://www.osc.ny.gov/press/releases/2019/05/dinapoli-state-pension-fund-value-2102-billionDiNapoli Report Highlights Regional Education Trends
… DiNapoli issued a report today detailing regional trends in education funding, enrollment and conditions across the … separate regions outside of New York City. "Investments in New York's public schools are vital at both the state and … said. "By examining regional comparisons and trends in school district revenues, expenditures and student …
https://www.osc.ny.gov/press/releases/2017/02/dinapoli-report-highlights-regional-education-trends