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Investment and Funding Choices Facing the MTA
On June 5, 2024, the Governor of the State of New York paused the implementation of the Central Business District Tolling Program (colloquially referred to as congestion pricing).
https://www.osc.ny.gov/files/reports/osdc/pdf/report-7-2025.pdfOpinion 2006-10
… to special district); (crediting interest earned on the investment of general fund, town-wide and town outside … Deposits and Investments (crediting interest earned on the investment of general fund, town-wide and town outside … direction to the contrary, interest or earnings from the investment of monies of the general fund, town-wide would be …
https://www.osc.ny.gov/legal-opinions/opinion-2006-10DiNapoli Announces Decrease in Pension Contribution Rates for FY 2016-17; Lowers Assumed Rate of Return
… decline in pension contribution rates as a result of solid investment returns," DiNapoli said. "Lowering the assumed … This strategic decision is consistent with the tougher investment climate ahead." Employer rates are determined …
https://www.osc.ny.gov/press/releases/2015/09/dinapoli-announces-decrease-pension-contribution-rates-fy-2016-17-lowers-assumed-rate-returnNYS Common Retirement Fund Reports First Quarter Results
… alternatives (5.19%). DiNapoli initiated quarterly investment performance reporting in 2009 as part of his … three months and reflect a fraction of the Fund’s annual investment return. About the New York State Common Retirement …
https://www.osc.ny.gov/press/releases/2021/08/nys-common-retirement-fund-reports-first-quarter-resultsNYS Common Retirement Fund Reports Second Quarter Results
… alternatives (5.35%). DiNapoli initiated quarterly investment performance reporting in 2009 as part of his … three months and reflect a fraction of the Fund’s annual investment return. About the New York State Common Retirement …
https://www.osc.ny.gov/press/releases/2021/11/nys-common-retirement-fund-reports-second-quarter-resultsCapital – 2021 Financial Condition Report
… A robust, efficiently managed capital investment program can support healthy economic growth, while … settlement resources from the Dedicated Infrastructure Investment Fund. These included certain funding provided to …
https://www.osc.ny.gov/reports/finance/2021-fcr/capitalNYS Common Retirement Fund Announces Second Quarter Results
… challenges,” DiNapoli said. “As always, our diversified investment allocation positions us to maximize long-term … percent of the cost of benefit payments has been funded by investment returns. The Fund’s fiscal year ends March 31, …
https://www.osc.ny.gov/press/releases/2014/11/nys-common-retirement-fund-announces-second-quarter-resultsDiNapoli: State Pension Fund Releases Annual Investment Return
… that the New York State Common Retirement Fund’s (Fund) investment return was -4.14% for the state fiscal year that … fiscal year. Employer contribution rates are determined by investment results over a multi-year period along with … that the New York State Common Retirement Funds Fund investment return was 414 for the state fiscal year that …
https://www.osc.ny.gov/press/releases/2023/07/dinapoli-state-pension-fund-releases-annual-investment-returnDiNapoli: State Pension Fund Reaches Record High of $176.2 Billion
… given investors a wild ride the last few years but our investment strategy has allowed us to capitalize on … 20 years, 80 percent of benefits have been funded from investment returns. The long-term expected rate of return, or …
https://www.osc.ny.gov/press/releases/2014/05/dinapoli-state-pension-fund-reaches-record-high-1762-billionWyoming County Industrial Development Agency – Project Management (2015M-62)
… the IDA reported 32 active projects with reported capital investment totaling approximately $873 million. Key Findings … or made reasonable progress toward, targeted capital investment, employment projections or other goals stated in …
https://www.osc.ny.gov/local-government/audits/industrial-development-agency/2015/09/11/wyoming-county-industrial-development-agency-projectTown of Sodus – Financial Management and Professional Services (2013M-99)
… the budgeting process. The Board did not adopt an investment policy or develop guidelines over other key … a comprehensive long-term financial plan. Adopt an investment policy as required by law. Approve interfund …
https://www.osc.ny.gov/local-government/audits/town/2013/09/13/town-sodus-financial-management-and-professional-services-2013m-99Summit Fire District – Internal Controls Over Financial Operations (2013M-264)
… and procedures. The Board has not adopted purchasing, investment, or code of ethics policies, as required by … Key Recommendations Adopt a procurement policy, an investment policy and code of ethics, as required by statute. …
https://www.osc.ny.gov/local-government/audits/fire-district/2013/11/22/summit-fire-district-internal-controls-over-financial-operations-2013m-264Putnam County Industrial Development Agency – Management Practices (2013M-257)
… also do not obtain sales tax exemption or capital investment amounts annually, and therefore cannot determine … jobs created or retained, sales tax exemptions and capital investment. Perform and document client visits to determine …
https://www.osc.ny.gov/local-government/audits/industrial-development-agency/2014/03/04/putnam-county-industrial-development-agency-managementEllenburg Center No. 15 Fire District – Internal Controls Over Financial Operations (2013M-103)
… Board has not adopted a code of ethics or procurement and investment policies as required by General Municipal Law … authorized to deposit District funds due to the lack of an investment policy. The District has deposits and short-term …
https://www.osc.ny.gov/local-government/audits/fire-district/2013/07/19/ellenburg-center-no-15-fire-district-internal-controls-over-financialExxon's Investors Call for Meaningful Climate Risk Plan
… and gas majors," said Edward Mason, Head of Responsible Investment for the Church Commissioners. "We are delighted … Church Commissioners for England The Church of England's investment fund, the Church Commissioners for England, … portfolio including equities, real estate and alternative investment strategies. The Commissioners' work supports the …
https://www.osc.ny.gov/press/releases/2017/04/exxons-investors-call-meaningful-climate-risk-planDiNapoli: Small Businesses Generate $950 Billion in New York
… employees made up more than three-quarters of all firms. Investment in Small Business DiNapoli’s office invests in New … Fund (Fund) has committed $1.3 billion to private equity investment in New York as of Dec. 31, 2015. Some $844 million … of the $200 million New York Credit Small Business Investment Company Fund to provide credit financing to …
https://www.osc.ny.gov/press/releases/2016/03/dinapoli-small-businesses-generate-950-billion-new-yorkNorth Rose-Wolcott Central School District – Smart Schools Bond Act Allocations (2022M-116)
Determine whether North RoseWolcott Central School District District officials properly applied for all Smart Schools Bond Act SSBA allocations for eligible technology purchases
https://www.osc.ny.gov/local-government/audits/school-district/2022/12/23/north-rose-wolcott-central-school-district-smart-schools-bond-actOverview – What Every Employer Should Know
… factors such as employee mortality, turnover, expected investment returns, salary growth and even inflation. These … and of the relationship between those rates and investment returns. Rev. 2/23 1 Updated 8/23 … What every …
https://www.osc.ny.gov/retirement/employers/partnership/about-employer-contribution-rates/overviewNYS Common Retirement Fund Reports Second Quarter Results
… South Dakota and Tennessee. DiNapoli initiated quarterly investment performance reporting in 2009 as part of his … three months and reflect a fraction of the Fund’s annual investment return. About the New York State Common Retirement …
https://www.osc.ny.gov/press/releases/2019/11/nys-common-retirement-fund-reports-second-quarter-resultsHow Contribution Rates Are Determined – What Every Employer Should Know
… or present value of benefits (PVB), based on expected investment earnings and mortality rates. The PVB reflects the … though this rate could change in the future based on investment returns. This assumed rate of return was set as of …
https://www.osc.ny.gov/retirement/employers/partnership/how-contribution-rates-are-determined