Monday Marks the 22nd Anniversary of the September 11th Terrorist Attacks
The September 11th terrorist attacks killed 2,977, injured thousands more and led to illnesses that have taken nearly as many lives as were lost that day. Twenty-two years later we remember those lost and we pay tribute to the heroism and sacrifices of the 9/11 first responders. We come together again, as a nation, to mark this tragic event.
Using Analytics to Identify Waste, Fraud and Abuse
Data analytics remains at the core of the Office of the State Comptroller’s (OSC) oversight activity and internal risk management efforts and is integral to the agency’s audits of State and local governments. They also help OSC monitor and improve the State’s payroll, procurement, retirement and other systems to increase efficiency and prevent improper payments.
A few examples of OSC work over the past year that leveraged analytical tools include:
- more than $4.5 billion identified in improper Medicaid payments;
- improvements to the Statewide Vendor Management system to significantly reduce processing times to ensure timely and reliable vendor information;
- new data visualization tools to allow quick data review from multiple sources to monitor trends, assess risks, and improve accountability.
DiNapoli Announces Change in Leadership of State Pension Fund's Real Estate Advisory Committee
State Comptroller DiNapoli announced that after 16 years of distinguished service, David Peirez is stepping down as Chairman of the Real Estate Advisory Committee (REAC) for the New York State Common Retirement Fund. DiNapoli also announced the appointment of Louis Dubin, a member of REAC since 2003, as the committee’s new Chairman.
NYC's Property Tax Bills Rise Along With Burden on Working- and Middle-Class Homeowners
The COVID-19 pandemic has caused property tax disparity to worsen in New York City, driving housing costs higher for many, according to a report released by State Comptroller DiNapoli. Property tax disparities have been well documented for decades by advocates, fiscal monitors and the City, but the report found even when property values declined for many condos, co-ops and rental apartments due to the pandemic, property tax bills continued to rise. State Comptroller DiNapoli determined this was due in part to market volatility and aspects of how the City calculates property taxes.
State Comptroller Thomas P. DiNapoli Statement on NYC Finances
State Comptroller DiNapoli issued a statement after giving remarks at the New York City Financial Control Board’s annual meeting this week.
“New York City’s 2024 budget increased spending to address growing demand for services using stronger than expected revenues and remaining federal pandemic aid."
ALSO IN THE NEWS THIS WEEK
Note: Some news links may require a paid subscription.
