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City of Yonkers – Budget Review (B20-6-6)
… grown 22.4 percent and the City’s debt service payments have risen 25.9 percent. The City will need $82.2 million to … during 2020-21. With the 2020-21 budget, the City will have exhausted 79.91 percent of its taxing authority and the … taxes may be limited in future years if property values do not increase. Key Recommendations Replace nonrecurring …
https://www.osc.ny.gov/local-government/audits/city/2020/06/24/city-yonkers-budget-review-b20-6-6New York City’s Uneven Recovery: Mothers in the Workforce
… trend initially, in 2022 the previously strong job gains for women with children slowed compared to their male … sector differences and their relationship to a desire for flexible work. FIGURE 1 – Unemployment Rates for Male and Female Workers with Children in New York City, …
https://www.osc.ny.gov/reports/osdc/new-york-citys-uneven-recovery-mothers-workforceThe Construction Industry in New York City: Recent Trends and Impact of COVID-19
… (Brooklyn, the Bronx, Queens, and Staten Island). 10 Office construction spending is expected to increase in 2021 … FY 2025. FIGURE 9 – New York City Capital Spending Source: NYC Office of Management and Budget The MTA’s $54.8 billion … number of larger firms declined. The Office of the State Comptroller (OSC) estimates (utilizing the IMPLAN® model) …
https://www.osc.ny.gov/reports/osdc/construction-industry-new-york-city-recent-trends-and-impact-covid-19DiNapoli: Environmental Protection Fund Spending Reflects Historic State Commitment
… While about one-third of this was replaced with borrowed funds, $507.2 million, or nearly 15 percent of total … the state's Real Estate Transfer Tax (RETT); a portion of unclaimed bottle and can deposits; certain penalties … over deposit initiators' management and repayment of unclaimed container deposits. The shortcomings in the …
https://www.osc.ny.gov/press/releases/2018/03/dinapoli-environmental-protection-fund-spending-reflects-historic-state-commitmentDiNapoli: Tax Revenues Through May $4 Billion Over Enacted Budget Projections
… through the first two months of the state fiscal year is good news and gives reason for optimism about the economic … increase in personal income tax (PIT) receipts. Much of this change is attributable to delays in PIT filing … than last year at the same time. May Cash Report Find out how your government money is spent at Open Book New York . …
https://www.osc.ny.gov/press/releases/2021/06/dinapoli-tax-revenues-through-may-4-billion-over-enacted-budget-projectionsUpdate on New York’s Unemployment Insurance Trust Fund: Challenges Continue
The devastating job losses caused by the COVID-19 pandemic led to a record number of unemployment insurance (UI) claims in New York, necessitating borrowing from the federal government beginning in May 2020.
https://www.osc.ny.gov/files/reports/pdf/update-unemployment-insurance-trust-fund.pdfDiNapoli: Statewide Local Sales Tax Collections Surge Nearly 58 Percent in May
… economy continues to improve as spending rebounds from the effects of the COVID-19 pandemic and the standstill it … will help New York’s local governments rebound from the effects of last year’s revenue shortfalls.” The extraordinary …
https://www.osc.ny.gov/press/releases/2021/06/dinapoli-statewide-local-sales-tax-collections-surge-nearly-58-percent-mayDiNapoli Report Highlights Local Government Reliance on Federal Aid
… operations. In today's political climate, it's important for New Yorkers to get a sense of how much funding is at … federal aid as a share of total revenue was the highest for counties (11.2 percent), followed by New York City (10.1 … on each county, city, town, village and school district for 2015 is available through a new, interactive feature on …
https://www.osc.ny.gov/press/releases/2017/07/dinapoli-report-highlights-local-government-reliance-federal-aidEast Ramapo Central School District – Budget Review (B25-5-2)
… to Chapter 89 of the Laws of 2016, as amended, the New York State (NYS) Department of Education (SED) is … of approximately $1.8 million for payments due to the New York State Local Retirement System (NYSLRS) is likely …
https://www.osc.ny.gov/local-government/audits/school-district/2025/04/03/east-ramapo-central-school-district-budget-review-b25-5-2DiNapoli: NYC Finances Gain Stronger Footing
… new challenges when the federal relief expires. By FY 2025, the city would incur more than $1 billion in recurring … years, it has yet to reach a collective bargaining agreement with the municipal unions to generate recurring … and public authority data. Visit the Reading Room for contract FOIL requests, bid protest decisions and commonly …
https://www.osc.ny.gov/press/releases/2021/06/dinapoli-nyc-finances-gain-stronger-footingCity of Yonkers – Budget Review (B23-6-6)
… legal process by which a property owner can challenge the real property tax assessment on a given property to reduce …
https://www.osc.ny.gov/local-government/audits/city/2023/07/07/city-yonkers-budget-review-b23-6-6Changes in Federal Policies Pose Significant Risks for New York City's Budget
… Projected budget gaps for New York City in the coming years appear manageable, but tax …
https://www.osc.ny.gov/press/releases/2017/12/changes-federal-policies-pose-significant-risks-new-york-citys-budgetComptroller DiNapoli Releases School Audits
… P. DiNapoli today announced his office completed audits of the Addison Central School District , Cattaraugus-Little … auditor’s audit and approval of the corresponding claims. When signed checks are generated prior to the claims … officials have developed corresponding regulations, they do not provide guidance for seeking competition when …
https://www.osc.ny.gov/press/releases/2016/06/comptroller-dinapoli-releases-school-audits-1Tompkins County Industrial Development Agency – Project Approval and Monitoring (2021M-143)
… information is accurate. The Board did not ensure payments in lieu of taxes (PILOTs) were billed and paid in accordance with PILOT agreements. As a result, a business …
https://www.osc.ny.gov/local-government/audits/county/2021/12/17/tompkins-county-industrial-development-agency-project-approval-and-monitoringDiNapoli: Lack of Transparency With School Districts' Financial Reports May Leave Taxpayers in the Dark
… audit, covering the period from July 1, 2018, to June 30, 2019, found that while each district maintained a website, … required components in four districts (Hunter-Tannersville Central School District, Newark Central School District, New … original budget information that was easy to locate. Three of the 13 districts (Grand Island Central School District, …
https://www.osc.ny.gov/press/releases/2021/03/dinapoli-lack-transparency-school-districts-financial-reports-may-leave-taxpayers-darkDiNapoli Releases May State Cash Report
… May 31 included $4.3 billion in local assistance grants for public schools – an increase of 6 percent from last year. May is the third largest month for school aid expenditures after March and September, when … May 30, $2.7 billion or 13.7 percent higher than last year for the same period, primarily because of a $1.8 billion …
https://www.osc.ny.gov/press/releases/2016/06/dinapoli-releases-may-state-cash-reportComptroller DiNapoli Releases School Audits
… . Arkport Central School District – Payroll (Allegany County) While the board has not adopted written policies and … Central School District – Information Technology (Onondaga County) District officials could minimize risk by … Jamesville – Dewitt Central School District – Procurement (Onondaga County) The district’s purchasing policy does not …
https://www.osc.ny.gov/press/releases/2016/11/comptroller-dinapoli-releases-school-audits-0New York State’s Aging Prison Population: Share of Older Adults Keeps Rising
… system in New York State is critically important to protecting public safety, providing incarcerated … Aging Prison Population Factors Contributing to Population Change The Cost of Medical Care Conclusion New York's Aging … policy makers, to allow for more informed choices about how best to address this challenge. Endnotes 1 This report – …
https://www.osc.ny.gov/reports/new-york-states-aging-prison-population-share-older-adults-keeps-risingDiNapoli: Medicaid Redesign Presents Opportunities and Risks
… are showing measurable progress with annual growth at less than 2 percent. Still, state spending on Medicaid is … years, particularly among lower-cost children and working age adults, spending per Department of Health (DOH) Medicaid … 60 percent of New York’s Medicaid expenditures, at an average per-patient cost of more than $22,000 in 2013, …
https://www.osc.ny.gov/press/releases/2015/03/dinapoli-medicaid-redesign-presents-opportunities-and-risksDiNapoli Announces Improvements to College Savings Plan to Save Money for College
… Savings Program," DiNapoli said. "We're making it easier for New Yorkers of all income levels to invest in their loved … program fees will be reduced. The total asset-based fee for all Direct Plan portfolios will drop to 0.15 percent, … participants will pay $1.50 in program fees each year for every $1,000 invested in the plan. The maximum account …
https://www.osc.ny.gov/press/releases/2017/09/dinapoli-announces-improvements-college-savings-plan-save-money-college