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DiNapoli: Waiving Waiting Period for Public Workers' Retirement Protects Families During Pandemic Crisis
… period before a public employee’s service retirement can take effect. DiNapoli requested the Executive Order in order … will get the benefits that were intended for them. My thanks to Governor Cuomo for acting on my request and … period before a public employees service retirement can take effect …
https://www.osc.ny.gov/press/releases/2020/04/dinapoli-waiving-waiting-period-public-workers-retirement-protects-families-during-pandemic-crisisDiNapoli: NYC Tax Collections Expected to Fall for First Time Since Great Recession
… today by New York State Comptroller Thomas P. DiNapoli. Tax collections are projected to fall next fiscal year for … FY 2021 (a two-year revenue loss of nearly $7.9 billion). Tax collections are now projected to fall by 3.1 percent in … the resumption of economic activity and the growth of tax revenue will depend on factors largely beyond the city’s …
https://www.osc.ny.gov/press/releases/2020/05/dinapoli-nyc-tax-collections-expected-fall-first-time-great-recessionDiNapoli: Stable Government Funding Needed for NYC Health + Hospitals to Provide Essential Care
… H+H is projected to exceed $2 billion in FYs 2022 through 2025, as compared to $1.3 billion annually between FY 2012 …
https://www.osc.ny.gov/press/releases/2021/09/dinapoli-stable-government-funding-needed-nyc-health-hospitals-provide-essential-careDiNapoli: Unrestricted State Aid for Local Governments Failed to Keep Up With Inflation
… remained flat or declined over the last decade, according to a report issued today by New York State Comptroller Thomas … P. DiNapoli. When adjusted for inflation, unrestricted aid to local governments has actually declined by 24% since 2011, … cities. Also called revenue sharing, this funding comes to local governments from the Aid and Incentives for …
https://www.osc.ny.gov/press/releases/2022/02/dinapoli-unrestricted-state-aid-local-governments-failed-keep-inflationDiNapoli 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-spendingCourt-Appointed Executor of Decedent’s Estate Sentenced to Two Years in Prison for Embezzlement
… sentenced to 24 months in prison in White Plains federal court for embezzling approximately $1.4 million from a decedent's estate for which he served as a court-appointed administrator. Bayard had pled guilty to one count of wire fraud on October 23, 2018. U.S. District Judge Cathy Seibel imposed today’s …
https://www.osc.ny.gov/press/releases/2019/10/court-appointed-executor-decedents-estate-sentenced-two-years-prison-embezzlementDiNapoli: Two Arrested for Stealing More Than $200,000 From 86-Year-Old State Pensioner
… Comptroller Thomas P. DiNapoli, Rensselaer County District Attorney Mary Pat Donnelly and the New York State Police … only allegedly stole over $200,000 from the victim, but forced an elderly man and pensioner to live in squalid … bills for four years, causing the home to be placed in foreclosure, his vehicle to be repossessed, and his …
https://www.osc.ny.gov/press/releases/2024/05/dinapoli-two-arrested-stealing-more-200000-86-year-old-state-pensionerNY State Comptroller DiNapoli Announces Responsible Workforce Management Policy for Private Equity Investments
… New York State Comptroller Thomas P. DiNapoli, trustee of the New York State Common Retirement Fund (Fund), today announced the Fund’s adoption … which in turn can provide a competitive advantage for companies and their investors.” The private equity …
https://www.osc.ny.gov/press/releases/2024/04/ny-state-comptroller-dinapoli-announces-responsible-workforce-management-policy-private-equityDiNapoli: Environmental Facilities Corporation Faces Significant Funding Backlog for Essential Water Infrastructure Projects
… Protection Agency (EPA) assessments estimated 20-year capital improvement needs of $28.7 billion for clean …
https://www.osc.ny.gov/press/releases/2024/04/dinapoli-environmental-facilities-corporation-faces-significant-funding-backlog-essential-waterDiNapoli: Two Capital Region Residents Indicted for $1 Million Medicaid Transportation Fraud Scheme
… in a scheme to steal more than $1 million from Medicaid by filing false and inflated reimbursements for … said, “This operation is a perfect example of what can be accomplished through interagency cooperation. The positive … can report allegations of fraud involving taxpayer money by calling the toll-free Fraud Hotline at 1-888-672-4555, by …
https://www.osc.ny.gov/press/releases/2024/03/dinapoli-two-capital-region-residents-indicted-1-million-medicaid-transportation-fraud-schemeDiNapoli: Three Arrested for Scheme to Steal Unclaimed Funds from New York State
… New York State Comptroller Thomas P. DiNapoli, Damian Williams, the … charges arising out of their scheme to fraudulently obtain unclaimed funds held by the New York State Comptroller’s … of fraud involving taxpayer money by calling the toll-free Fraud Hotline at 1-888-672-4555, by filing a complaint …
https://www.osc.ny.gov/press/releases/2022/07/dinapoli-three-arrested-scheme-steal-unclaimed-funds-new-york-stateExistential Questions Facing National Public Transit Systems Create New Fiscal Pressures for MTA
… FIGURE 2 – Ridership and Farebox Revenue Change, 2019 vs. 2020 Sources: National Transit Database; OSC analysis … which of its capital projects are most critical in case it needs to prioritize its capital plan to provide … Authority. 2 American Automobile Association, State Gas Price Averages , Retrieved on July 6, 2022 from …
https://www.osc.ny.gov/reports/osdc/existential-questions-facing-national-public-transit-systems-create-new-fiscal-pressures-mtaDiNapoli: MTA Outlook Shows Growing Need for New Funding as Budget Gaps Widen
… plans to cover budget gaps that start at $2.5 billion in 2025 and grow in the outyears, according to a report on MTA’s … imbalance is clearer. Gaps are forecast at $2.5 billion in 2025 and 2026 as spending outpaces inflation projections, but … justify planned fare and toll increases of 4% in 2023 and 2025. Ridership The MTA’s July Plan anticipates subway …
https://www.osc.ny.gov/press/releases/2022/10/dinapoli-mta-outlook-shows-growing-need-new-funding-budget-gaps-widenDiNapoli: NYC Office Building Market Values Rise Amid Shift in Demand for Space
… Office buildings in New York City remain a critical … higher market values are being fueled by growth outside of traditional Midtown office districts, including Hudson … 2022. New York City’s office buildings are concentrated in Manhattan below 59 th street, which still makes up nearly 90% …
https://www.osc.ny.gov/press/releases/2024/08/dinapoli-nyc-office-building-market-values-rise-amid-shift-demand-spaceDiNapoli: Former Citizens Hose Fire Company Treasurer Arrested for Stealing More Than $100,000
… trust of the fire company and her community by diverting funds meant to protect the residents of Shortsville and … can to provide a most valuable service, the larceny of funds from the departments must be investigated and … Ontario County Sheriff’s Office takes the theft of public funds and those from non-profits very seriously,” Cirencione …
https://www.osc.ny.gov/press/releases/2024/09/dinapoli-former-citizens-hose-fire-company-treasurer-arrested-stealing-more-100000DiNapoli: Former Hannibal Fire Chief and Father Indicted for Allegedly Stealing Go-Kart Proceeds
… New York State Comptroller Thomas P. DiNapoli, Oswego County District Attorney Anthony J. DiMartino, Jr., and the … in the first degree before Judge Karen Brandt Brown in Oswego County Court. He is scheduled to appear in court again …
https://www.osc.ny.gov/press/releases/2024/07/dinapoli-former-hannibal-fire-chief-and-father-indicted-allegedly-stealing-go-kart-proceedsDiNapoli Announces Lowered Fees for New York State's 529 College Savings Direct Plan
… the state pay for college this year,” said DiNapoli. “The latest reduction to the Direct Plan’s management fees means … the largest direct sold 529 plan in the United States. The latest reduction, from 0.17 percent to 0.16 percent, follows …
https://www.osc.ny.gov/press/releases/2014/10/dinapoli-announces-lowered-fees-new-york-states-529-college-savings-direct-planDiNapoli: Archer Daniels Midland Co. Agrees to Shareholders' Request For 'No Deforestation' Policy
… the planet and nearly half of all packaged products sold in grocery stores, such as shampoo, ice cream and detergent … production are leading drivers of rainforest destruction in South America and Southeast Asia. These forests are vital … greenhouse gases by converting carbon dioxide into oxygen. In addition, deforestation that burns trees or leaves them to …
https://www.osc.ny.gov/press/releases/2015/03/dinapoli-archer-daniels-midland-co-agrees-shareholders-request-no-deforestation-policyDiNapoli: Five Major Companies Adopt Pension Fund's Call for Transparency on Political Contributions
… no way of knowing whether a company's political spending best serves the company's own bottom line and long-term … communications, payments to any trade associations used for political purposes, and payments made to any organization … struck down prohibitions on independent corporate spending for political advocacy, the Fund has filed resolutions with …
https://www.osc.ny.gov/press/releases/2015/02/dinapoli-five-major-companies-adopt-pension-funds-call-transparency-political-contributionsDiNapoli: State Paid $14.5 Billion for Medicaid Home Care Services That Lacked Verification
… Billions of dollars have been spent on Medicaid home care services for New Yorkers without the required verification that the … said. “We need to know that Medicaid recipients and New York state are getting the services that were paid for. This …
https://www.osc.ny.gov/press/releases/2024/11/dinapoli-state-paid-145-billion-medicaid-home-care-services-lacked-verification