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DiNapoli: State Pension Fund Value $194.3 Billion
… Common Retirement Fund (Fund) had a -2.68 percent return on investments in the state fiscal year (SFY) that ended on March 31, 2020, reflecting a slight decrease as a result … markets into a tailspin just as we were closing the books on our fiscal year,” DiNapoli said. “The Fund has already …
https://www.osc.ny.gov/press/releases/2020/07/dinapoli-state-pension-fund-value-1943-billionDiNapoli Report Analyzes Regional Trends in Education for School Districts Outside New York City
… needs to determine how to best educate our children and pay for it,” DiNapoli said. “My office’s report identifies …
https://www.osc.ny.gov/press/releases/2020/03/dinapoli-report-analyzes-regional-trends-education-school-districts-outside-new-york-cityCity of Yonkers – Budget Review (B24-6-6)
… and expenditure projections in the City’s proposed budget for the 2024-25 fiscal year are reasonable. Background The … of 2014 requires the City to submit its proposed budgets for the next fiscal year to the State Comptroller and the … police overtime, life/health/dental insurance, employee retirement, firefighting overtime and social security that …
https://www.osc.ny.gov/local-government/audits/city/2024/05/20/city-yonkers-budget-review-b24-6-6DiNapoli: NYC IDA Needs To Improve Its Administration of Business Tax Breaks and Monitoring of Job Creation
… program requirements, including the creation and retention of jobs.” The NYCIDA helps eligible local businesses to … equivalent (FTE) jobs will be created or retained because of the breaks. In 21 of the 23 successful applications that auditors sampled, …
https://www.osc.ny.gov/press/releases/2024/06/dinapoli-nyc-ida-needs-improve-its-administration-business-tax-breaks-and-monitoring-job-creationDiNapoli: New State Funds Open Door for MTA to Ease Debt, Build Stronger Future Budgets
… from its operating budget by a total of $1.5 billion from 2023 through 2026. The MTA can use these savings to preserve … climbed from $11.4 billion in 2000 to $42.3 billion in 2022 and will reach $56.7 billion by 2028. By 2023, the MTA … and expands the amount of debt service that the MTA has to pay each year. MTA’s commitments for capital projects has …
https://www.osc.ny.gov/press/releases/2023/05/dinapoli-new-state-funds-open-door-mta-ease-debt-build-stronger-future-budgetsDiNapoli: NYC Forecasts $965 Million Surplus Fueled by Federal Aid
… DiNapoli said. “The city should capitalize on this good fortune and set aside resources to address unexpected …
https://www.osc.ny.gov/press/releases/2021/12/dinapoli-nyc-forecasts-965-million-surplus-fueled-federal-aidCorrupt Orange County IDA Officials Ordered to Repay Over $1 Million
… crimes and how the systemic failures and neglect of duty by the IDA board and its officials enabled their scheme. “Cozzolino, Villasuso and Diana betrayed their duty to the public in order to enrich themselves through a … by a complacent board, which neglected its fiduciary duty and allowed Cozzolino to assume near unfettered control …
https://www.osc.ny.gov/press/releases/2021/09/corrupt-orange-county-ida-officials-ordered-repay-over-1-millionDiNapoli: DOH Needs to Step Up Enforcement of Patient Safety Violations
… of seven settlements in which DOH allowed the violator to pay a penalty on an installment plan, in all cases, the …
https://www.osc.ny.gov/press/releases/2021/03/dinapoli-doh-needs-step-enforcement-patient-safety-violationsSelected Aspects of Collecting Outstanding Amounts Due for Parking Violations
… that can issue parking summonses within New York City (NYC). During fiscal years 2017 through 2019, DOF processed … for collecting fines and fees for violations issued within NYC, and also the Outside Collection Agency/External Inquiry … from respondents who have New York plates and live within NYC. DOF refers other cases to the NYC Law Department, which …
https://www.osc.ny.gov/state-agencies/audits/2021/03/23/selected-aspects-collecting-outstanding-amounts-due-parking-violationsDiNapoli Releases Subway Ridership Dashboard
… announced today that he has launched an interactive online tool using subway ridership data that details where … can least afford to lose service or pay more for it. This online tool gives riders, the MTA, elected officials, transit … spending, the state's 180,000 contracts, billions in state payments and public authority data. Visit the Reading Room …
https://www.osc.ny.gov/press/releases/2021/03/dinapoli-releases-subway-ridership-dashboardState Comptroller DiNapoli Releases Municipal & School Audits
… For the four fiscal years reviewed (2019-20 through 2022-23), the board did not establish a fund balance policy … fund balance. Additionally, the property tax levy for 2023-24 was $509,000 while the village had over $1.1 million … he claimed to have in support of his overtime pay. The building inspector approved his own overtime that …
https://www.osc.ny.gov/press/releases/2024/02/state-comptroller-dinapoli-releases-municipal-school-audits-0Opinion 88-70
… on bond resolutions authorizing the issuance of bonds to pay judgments or claims, or to provide sewage disposal or …
https://www.osc.ny.gov/legal-opinions/opinion-88-70State Comptroller DiNapoli Releases Municipal Audits
… tampering with public records, and she agreed to pay $21,296 in restitution before sentencing. In August 2020, …
https://www.osc.ny.gov/press/releases/2022/12/state-comptroller-dinapoli-releases-municipal-auditsPsychotherapeutic Evaluational Programs, Inc. dba Parsons Preschool – Compliance With the Reimbursable Cost Manual
… services to disabled children who are between the ages of three and five years. For purposes of this report, these programs are collectively referred to … by the Department of Taxation and Finance, $31,682 for pension plan audits, and $34,089 in compensation costs. …
https://www.osc.ny.gov/state-agencies/audits/2019/12/16/psychotherapeutic-evaluational-programs-inc-dba-parsons-preschool-compliance-reimbursableDiNapoli Report Looks at New York City Metro Area's Import and Export Economies
… 69%, of the value of goods imported to New York state. In 2023, Europe provided the largest share of goods by value to … New York state imported $157.2 billion in goods in 2023, according to the International Trade Administration … Healthcare, retail, and manufacturing firms may have to pay higher prices or see markets for their goods potentially …
https://www.osc.ny.gov/press/releases/2025/03/dinapoli-report-looks-new-york-city-metro-areas-import-and-export-economiesDiNapoli: Troy's Proposed Bond Financing for Its Lead Pipe Replacement Program Is Lawful and Constitutional
… health problems and is particularly dangerous for pregnant women and children aged six and younger. The city plans to …
https://www.osc.ny.gov/press/releases/2024/12/dinapoli-troys-proposed-bond-financing-its-lead-pipe-replacement-program-lawful-and-constitutionalNew York’s Balance of Payments in the Federal Budget: Federal Fiscal Year 2020
… provided forgivable loans to small businesses for use in payroll and other operating costs, New York received $1,948 … Contributions Act and Self Employed Contributions Act payroll taxes; the U.S. Bureau of Economic Analysis (BEA), …
https://www.osc.ny.gov/reports/new-yorks-balance-payments-federal-budget-federal-fiscal-year-2020Opinion 89-32
… the views of the Office of the State Comptroller at the time it was rendered. The opinion may no longer …
https://www.osc.ny.gov/legal-opinions/opinion-89-32Opinion 2008-6
… unused vacation leave payable upon retirement) GENERAL MUNICIPAL LAW § 207-m: If the calculation of the cash … results in an increased amount because the daily rate divisor and, therefore, hourly rate divisor used to make … must be increased by the same percentage as the increase received by the next subordinate officer. This is in …
https://www.osc.ny.gov/legal-opinions/opinion-2008-6Opinion 92-1
… securities); (submission of securities in excess of amount to be withdrawn); (substitution of certificates of … §§106, 109-b: (1) A municipality does not have discretion to refuse to permit the withdrawal of retained percentages when proper …
https://www.osc.ny.gov/legal-opinions/opinion-92-1