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New York’s Economy and Finances in the COVID-19 Era (March 18, 2021)
… March 18, 2021 Edition Economy Four Out of Five Small Businesses in NY Continue to Report a Negative Overall Impact From … One year since the onset of the COVID-19 pandemic, New York’s small businesses continue to suffer, even as the …
https://www.osc.ny.gov/reports/impact-covid-19-march-18-2021Update on New York’s Unemployment Insurance Trust Fund: Challenges Continue
… caused by the COVID-19 pandemic led to a record number of unemployment insurance (UI) claims in New York and other states. Benefits … of Labor, Seasonally Adjusted Labor Force Data – NYS , at https://statistics.labor.ny.gov/lslaus.shtm . 6 U.S. …
https://www.osc.ny.gov/reports/update-new-yorks-unemployment-insurance-trust-fund-challenges-continueNew York’s Economy and Finances in the COVID-19 Era
… unemployment rate has soared upward in recent months, with May's 14.5 percent nearly four times the 3.7 percent in …
https://www.osc.ny.gov/reports/covid-19-july-9-2020DiNapoli Releases Analysis of State Budget Financial and Capital Plans
… The $177 billion spending plan for SFY 2019-20 is up $6.2 billion from SFY 2018-19. “While New York’s economy … imbalance : DOB estimates that the state’s General Fund budget gap would total $3.9 billion in SFY 2020-21 and …
https://www.osc.ny.gov/press/releases/2019/07/dinapoli-releases-analysis-state-budget-financial-and-capital-plansNew York One of Only Seven States to Owe Money to Federal Unemployment Trust Fund
… one of only seven states or territories with unemployment insurance (UI) funds that are in debt to the federal … of employers’ 2022 tax bills. “New York’s unemployment insurance debt has remained stubbornly high despite steady … one of only seven states or territories with unemployment insurance UI funds that are in debt to the federal government …
https://www.osc.ny.gov/press/releases/2022/06/new-york-one-only-seven-states-owe-money-federal-unemployment-trust-fundNew York’s Economy and Finances in the COVID-19 Era (May 13, 2021)
… signed in March 2021, authorized economic impact payments for individuals and families. These payments, sometimes … like groceries and household expenses . Eligibility for the checks varied under each package, but the payments … eligible individuals received $1,200 payments ($2,400 for married couples) and those with children received an …
https://www.osc.ny.gov/reports/new-yorks-economy-and-finances-covid-19-era-may-13-2021New York’s Economy and Finances in the COVID-19 Era
… Subscribe for Latest Updates The State Comptroller’s office is … another 1.8 million jobs in July. July employment figures for states, including those for New York, are scheduled to be reported by the Bureau of …
https://www.osc.ny.gov/reports/covid-19-august-19-2020Implications for the Future – 2023 Financial Condition Report
… Federal Reserve Bank actions, and global uncertainty. In New York, lagging employment and labor force recovery relative to … shutdowns, other large states and most of New York’s neighboring states have returned to pre-pandemic employment …
https://www.osc.ny.gov/reports/finance/2023-fcr/implications-futureDiNapoli: New Yorkers Could Lose $72B in Reported State and Local Tax Deductions Under Trump Plan
… than the "nearly doubling" of the standard deduction as portrayed in the framework. These changes are further …
https://www.osc.ny.gov/press/releases/2017/10/dinapoli-new-yorkers-could-lose-72b-reported-state-and-local-tax-deductions-under-trump-planDiNapoli: Halfway Through the Year, Revenue Hole Persists
… was not part of collections last year. In State Operating Funds (not including federal or capital), spending through …
https://www.osc.ny.gov/press/releases/2020/10/dinapoli-halfway-through-year-revenue-hole-persistsDiNapoli: Federal Data Shows New York's Losses in Fourth Grade Math and Reading Scores Are Double National Average
… hurt New York’s students. Academic losses were greater for younger students, with fourth grade scores dropping more than …
https://www.osc.ny.gov/press/releases/2023/03/dinapoli-federal-data-shows-new-yorks-losses-fourth-grade-math-and-reading-scores-are-double-nationalImplications for the Future – 2022 Financial Condition Report
… The Economic Outlook: Uncertainty Remains As the world faced … (FFY) 2020, New Yorkers consistently paid more in federal taxes than the State received in federal spending, as several … recession hit New York that the State’s budgetary reserves were not sufficient to guard against unwanted spending cuts, …
https://www.osc.ny.gov/reports/finance/2022-fcr/implications-futureDiNapoli Op-Ed in Newsday Urges Washington to Help Governments Hurt by COVID-19
… Federal Reserve reported that business activity declined for 85 percent of firms. Businesses large and small are … crisis. We are thankful to our congressional delegation for the support provided thus far, but much more is needed to … The announcement of an agreement on additional help for small businesses and hospitals is welcome, but what about …
https://www.osc.ny.gov/press/releases/2020/04/dinapoli-op-ed-newsday-urges-washington-help-governments-hurt-covid-19DiNapoli Op-Ed in Crain's New York Business
… to address inequities, including how projects will benefit communities disproportionately impacted by the pandemic, as …
https://www.osc.ny.gov/press/releases/2022/04/dinapoli-op-ed-crains-new-york-businessDiNapoli Warns of ‘Triple Threat’ of Fiscal Risks
… projected annual increase of 5.2 percent. The level of bonuses paid in the financial sector later in the fiscal year …
https://www.osc.ny.gov/press/releases/2017/10/dinapoli-warns-triple-threat-fiscal-risksDiNapoli Releases Analysis of State Budget Financial and Capital Plans
… revenue for the state. More than two-thirds of federal funds spending, $38.3 billion, is for local assistance … The combined balance of the state's primary reserve funds, the Tax Stabilization Reserve Fund and Rainy Day … Find out how your government money is spent at Open Book New …
https://www.osc.ny.gov/press/releases/2018/07/dinapoli-releases-analysis-state-budget-financial-and-capital-plansNew York’s Economy and Finances in the COVID-19 Era
In the second quarter of 2020 total wages paid in New York State declined by $125 billion or 74 percent in comparison to the second quarter of 2019 according to new data from the US Bureau of Labor Statistics BLS
https://www.osc.ny.gov/reports/covid-19-december-16-2020Open Book New York
… statistics by age, race and ethnicity, along with housing trends, in New York’s cities, counties, towns and …
https://www.osc.ny.gov/open-book-new-yorkDiNapoli Urges New Yorkers to Fill Out 2020 Census Forms
… lose Congressional representation but critical funding for education, public transit, housing and more,” DiNapoli … in federal spending, ranking it last among the states. For every tax dollar paid, New York receives only 90 cents — … payments and public authority data. Visit the Reading Room for contract FOIL requests, bid protest decisions and …
https://www.osc.ny.gov/press/releases/2020/07/dinapoli-urges-new-yorkers-fill-out-2020-census-formsState Audits Issued in the Last 60 Days
… View state audits issued in the last 60 days …
https://www.osc.ny.gov/state-agencies/audits/new-releases