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MTA's Fiscal Challenge: Fill the Gap, But Not at Riders' Expense
… challenges remain, in particular closing the unprecedented funding gap in its proposed five-year capital program. “The … coming months, the MTA will have to work closely with its funding partners to close the $15 billion gap in its capital … revenues. The authority’s most immediate challenge is funding its next capital program without putting the …
https://www.osc.ny.gov/press/releases/2014/10/mtas-fiscal-challenge-fill-gap-not-riders-expenseDiNapoli: State Agency Overtime Hits Record $611 Million
… Overtime earnings at state agencies rose to a record $611 million in 2013, a nearly 16 percent increase … Comptroller Thomas P. DiNapoli. Overtime increased in 2013 for the third straight year. “State employees logged 14.8 million overtime hours last year, costing taxpayers a record $611 million. New York’s overtime bill is increasing …
https://www.osc.ny.gov/press/releases/2014/01/dinapoli-state-agency-overtime-hits-record-611-millionDiNapoli: Wall Street Bonuses Slip From 2006 Record
… tax collections remain strong. But the future is not so bright. The losses sustained in the securities industry …
https://www.osc.ny.gov/press/releases/2008/01/dinapoli-wall-street-bonuses-slip-2006-recordDiNapoli: Former Town of Minerva Clerk Sentenced to Prison for Embezzling Town Funds
… Jordan Green, the former clerk to the supervisor for the town of … State Comptroller Thomas P. DiNapoli announced today. Green pleaded guilty last month to fourth degree grand … retirement system. Judge Richard B. Meyer also ordered Green to pay back $19,076.06 in restitution and pay a $1,500 …
https://www.osc.ny.gov/press/releases/2017/09/dinapoli-former-town-minerva-clerk-sentenced-prison-embezzling-town-fundsDiNapoli: Local Sales Tax Revenue Growing Slowly
… Local sales tax collections in New York state grew by $177 million, or … of more than 4 percent during this period. “While sales tax revenues continue to increase across the state, the … the end of the Great Recession,” said DiNapoli. “Sales tax collections in New York City are thriving but several …
https://www.osc.ny.gov/press/releases/2014/07/dinapoli-local-sales-tax-revenue-growing-slowlyDiNapoli Releases Analysis of 2022-23 Enacted State Budget
… budget for State Fiscal Year (SFY) 2022-23, according to an analysis released today by New York State Comptroller … and protections, leaving public resources more vulnerable to misuse. “This year’s state budget follows two years of … growth in state revenues. This makes it imperative to follow through with plans to bolster state rainy-day …
https://www.osc.ny.gov/press/releases/2022/05/dinapoli-releases-analysis-2022-23-enacted-state-budgetIX.9.B Transfers to Other Funds – IX. Federal Grants
… In order to preserve federal grant reporting requirements, statutory transfers from federal funds will be recorded in the federal grant fund … of the receiving fund). These transactions are referred to as "Source 9" transactions which denote that the transfer …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix9b-transfers-other-fundsPublic Health – 2023 Financial Condition Report
… by federal restrictions on disenrollment during the COVID public health emergency. Federal restrictions during the … due to federal restrictions on disenrollment during the public health emergency. The State Department of Health (DOH) … extensions without eligibility review during the COVID-19 public health emergency. The Division of the Budget expects …
https://www.osc.ny.gov/reports/finance/2023-fcr/public-healthDiNapoli: NYC’s Solid Housing Growth at Risk As Permits Fall
… over the coming decade.” The city gained 307,000 housing units from 2010 through 2023, an increase of 9%, bringing the … over that time, with 11.4% growth to reach 1.1 million units or 30% of housing citywide. Around the city, housing … the recent acceleration in new housing — especially the rapid growth of affordable housing in the Bronx — reflects, …
https://www.osc.ny.gov/press/releases/2025/03/dinapoli-nycs-solid-housing-growth-risk-permits-fallState Police Bulletin No. SP-248
… bulletin is to notify agencies of an automatic increase in union dues for employees represented by the Police … Association (PBA) of the New York State Troopers, Inc. in Bargaining Units 07 and 17. Affected Employees: Employees in Bargaining Units 07 and 17 represented by the PBA of the …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-police/sp-248-police-benevolent-association-pba-new-york-state-troopers-inc-duesEnvironmental, Social & Governance Principles and Proxy Voting Guidelines - 2024
The New York State Common Retirement Fund is one of the largest public pension funds in the nation with invested assets valued at $249.5 billion in assets (as of March 31, 2023) held in trust for the more than one million members and beneficiaries of the New York State and Local Retirement System.
https://www.osc.ny.gov/files/common-retirement-fund/corporate-governance/pdf/proxy-voting-guidelines-2024.pdfComptroller DiNapoli and A.G. Schneiderman Announce Guilty Plea by New Jersey Woman Over Theft of More Than $162,000 in New York State Pension Benefits
… New York State Comptroller Thomas DiNapoli and Attorney … New Jersey, over the theft of more than $162,000 in pension benefits from the New York State and Local Employees Retirement System. The defendant, Linda Miller, continued to … New York State Comptroller Thomas DiNapoli and Attorney …
https://www.osc.ny.gov/press/releases/2015/07/comptroller-dinapoli-and-ag-schneiderman-announce-guilty-plea-new-jersey-woman-over-theft-more-162000New York State Comptroller DiNapoli and New York City Retirement Systems and Pension Funds Announce Appointment as Lead Plaintiffs in Wynn Resorts Shareholder Lawsuit
… Thomas P. DiNapoli, as trustee of the New York State Common Retirement Fund (the Fund), today announced that he … About the New York State Common Retirement Fund The New York State Common Retirement Fund is the third largest public pension … State Comptroller DiNapoli trustee of the New York State Common Retirement Fund today announced that he and the New …
https://www.osc.ny.gov/press/releases/2018/05/new-york-state-comptroller-dinapoli-and-new-york-city-retirement-systems-and-pension-funds-announceComptroller DiNapoli and A.G. Schneiderman Announce Felony Conviction of Woman Who Stole over $290,000 in Deceased Mother's Benefits from the Buffalo Firemen's Pension Fund
… She admitted that she had stolen benefits from the city of Buffalo Firemen's Pension Fund that were intended for her … in pension checks in her mother's name from the city of Buffalo's Firemen's Pension Fund," said State Comptroller … mother of defendant Pearlann MacVittie, was the widow of Buffalo fireman William J. Martin. After her husband's death, …
https://www.osc.ny.gov/press/releases/2017/04/comptroller-dinapoli-and-ag-schneiderman-announce-felony-conviction-woman-who-stole-over-290000Accounting for Capital Projects
Dealing with capital projects is often a source of confusion for local officials. In this session, we will review some of the important steps in planning a capital project and focus on proper accounting treatment.
https://www.osc.ny.gov/files/local-government/academy/pdf/accounting-capital-projects-071724.pdfClaims Processing Activity April 1, 2023 Through September 30, 2023 (2023-S-9)
To determine whether the Department of Health’s eMedNY system reasonably ensured that Medicaid claims were submitted by approved providers, were processed in accordance with Medicaid requirements, and resulted in correct payments to providers.
https://www.osc.ny.gov/files/state-agencies/audits/pdf/sga-2024-23s9.pdfMedicaid Program: Claims Processing Activity October 1, 2022 Through March 31, 2023 (2022-S-36) 180-Day Response
To determine whether the Department of Health’s eMedNY system reasonably ensured that Medicaid claims were submitted by approved providers, were processed in accordance with Medicaid requirements, and resulted in correct payments to providers.
https://www.osc.ny.gov/files/state-agencies/audits/pdf/sga-2024-22s36-response.pdfMWBE Report 2023-2024 Fiscal Year
In the 2023-24 fiscal year, the Fund recorded growth in its investments with MWBE managers. Total investments and commitments of Fund capital to MWBE partners rose from $31.5 billion to approximately $37.7 billion.
https://www.osc.ny.gov/files/reports/special-topics/pdf/mwbe-fiscal-2023-24.pdfReview of the Financial Plan of the City of New York
As shown in the Mayor’s Executive Budget for fiscal year 2025, New York City’s finances continue to benefit from better-than-projected revenues and savings generated through initiatives launched in response to its financial challenges.
https://www.osc.ny.gov/files/reports/osdc/pdf/report-5-2025.pdfMedicaid Program: Claims Processing Activity April 1, 2022 Through September 30, 2022 (2022-S-12) 180-Day Response
To determine whether the Department of Health’s eMedNY system reasonably ensured that Medicaid claims were submitted by approved providers, were processed in accordance with Medicaid requirements, and resulted in correct payments to providers.
https://www.osc.ny.gov/files/state-agencies/audits/pdf/sga-2023-22s12-response.pdf