The New York State Office of the State Comptroller (OSC) serves as the chief financial watchdog for New York State, ensuring transparency, accountability, and integrity in state and local financial operations. As an independent governmental agency, it manages and audits the financial affairs of state agencies and public authorities, overseeing the use of taxpayer dollars to help safeguard public resources. The OSC plays a vital role in managing the state’s pension fund—one of the largest public retirement funds in the country—on behalf of its members, which include state employees and retirees.

Additionally, the Comptroller’s Office monitors state and local budgets, reviews contracts for procurement compliance, and publishes reports on economic trends, fiscal performance, and policy issues affecting New York residents. Through community outreach and educational initiatives, the OSC empowers citizens with tools and information about government spending and financial literacy. It is also tasked with recovering and returning unclaimed funds to rightful owners, a service that impacts millions of individuals and businesses.

Key Services:

– Auditing of state and local government spending and operations
– Oversight and review of government procurements and contracts
– Management of the New York State Common Retirement Fund
– Budget analysis and financial reporting for transparency
– Administration of unclaimed funds and asset recovery
– Production of economic and policy research reports
– Oversight of municipal financial health and compliance
– Public outreach and education on government finance and reform