The Office of the State Comptroller received 20,867 contract transactions, including both new contracts and contract amendments, valued at $88.37 billion in the 2017 calendar year. The average time from submission to final sign-off was 7.5 days.
The Office of the State Comptroller received 21,381 contract transactions, including both new contracts and contract amendments, valued at $169.2 billion in the 2015 calendar year. The average time from submission to final sign-off was 9.1 days. Approximately 86 percent of these transactions, representing almost 25 percent of the aggregate contract dollar value, were reviewed by OSC in 15 days or less. An additional 9.8 percent, representing an additional 70 percent of the total value of contracts, were processed in 16 to 30 days.
The Office of the State Comptroller received 23,591 contract transactions valued at $44.4 billion, both new contracts and contract amendments, in the 2014 calendar year. The average time from submission to final sign-off was 11.6 days. Over three-quarters of these transactions (78.5 percent), representing over 75 percent of the aggregate contract dollar value, were reviewed by OSC in 15 days or less. An additional 15.6 percent were processed in 16 to 30 days.
The Office of the State Comptroller received and acted on 22,794 contract transactions in the 2013 calendar year. The average time from submission to final sign-off was 11.2 days. Over three-quarters of these transactions (79 percent) representing over 80 percent of the total contract dollar values were reviewed by OSC in 15 days or less, and an additional 15.8 percent were processed in 16-30 days.
May 13, 2021 Edition
The Corporate Governance Program supports and facilitates the integration of environmental, social and governance (ESG) factors in the Common Retirement Fund’s due diligence process, investment decisions, and performance monitoring program, and provides active stewardship of the Fund’s public equity holdings.
This report examines the use of overtime by New York State agencies over the past ten calendar years. The total cost of overtime in calendar year 2020 reached an all-time high at more than $850 million, covering roughly 19.1 million overtime hours worked.
The New York State All Funds Budget for State Fiscal Year (SFY) 2021-22 totals an estimated $212 billion — the largest budget in State history, almost 10 percent greater than the prior year. While the Budget relies on an influx of resources to make significant investments in Education, Medicaid, and for aid for New Yorkers and businesses, it also missed opportunities to correct course on some lingering fiscal deficiencies.
In 2020, the 10-year period of record growth in tourism came to an end, and the number of visitors to New York City fell by 67 percent to 22.3 million (from 66.6 million in 2019). OSC estimates the industry’s economic impact dropped by 75 percent from $80.3 billion in 2019 to $20.2 billion in 2020.
As unprecedented fires burned in the West and powerful storms flattened or flooded homes, businesses and vital infrastructure in every corner of the nation, 2020 painted a vivid picture of the potential for climate change to disrupt our lives.
