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DiNapoli: Local Sales Tax Collections Up 20% in Third Quarter
… totaled $5.2 billion in the third quarter (July-September of 2021), up $861 million (20%) from the same period last year and continuing the trend of exceeding pre-pandemic levels, according to a report … experiencing significant drops during the early outbreak of the COVID-19 pandemic,” DiNapoli said. “This growth is an …
https://www.osc.ny.gov/press/releases/2021/10/dinapoli-local-sales-tax-collections-20-third-quarterCompliance With Executive Order 88 – Energy Efficiency in State Buildings
… submeter all buildings greater than 100,000 gross square feet by December 31, 2016, as required. Furthermore, only 6 …
https://www.osc.ny.gov/state-agencies/audits/2020/01/30/compliance-executive-order-88-energy-efficiency-state-buildingsDiNapoli: NYS Pension Fund Announces $400 Million in Sustainable Investments
… The New York State Common Retirement Fund (Fund) has committed approximately $400 … trustee of the Fund, announced today. This action is tied to DiNapoli’s comprehensive Climate Action Plan to … risks, it also creates opportunities for the state pension fund to invest in the companies and funds that are …
https://www.osc.ny.gov/press/releases/2021/04/dinapoli-nys-pension-fund-announces-400-million-sustainable-investmentsDiNapoli: Tax Revenues in February $758 Million Over Budget Projections
… from February and the passing of significant additional federal assistance, thanks to President Biden’s American … lower than last year. This is largely due to higher federal reimbursement for Medicaid spending, as well as the …
https://www.osc.ny.gov/press/releases/2021/03/dinapoli-tax-revenues-february-758-million-over-budget-projectionsDiNapoli: Local Sales Taxes Jump 49.2 Percent in Second Quarter
… compared to the same period last year, a dramatic increase from last year’s weak collections during the first wave of … home sales. In addition, two major changes that required many out-of-state vendors to collect and remit state and … outcome during this period was likely due, in part, to how the pandemic influenced consumer behavior by reducing …
https://www.osc.ny.gov/press/releases/2021/07/dinapoli-local-sales-taxes-jump-49-point-2-percent-second-quarterDiNapoli: Local Tax Cap Will Be Two Percent in 2022
… Property tax levy growth will be capped at 2% for 2022 for local governments that operate on a … affects tax cap calculations for all counties, towns, and fire districts, as well as 44 cities and 13 villages. … The tax cap, which first applied to local governments and school districts in 2012, limits annual tax levy increases to …
https://www.osc.ny.gov/press/releases/2021/07/dinapoli-local-tax-cap-will-be-two-percent-2022NYC Surplus Projected to Reach $550 Million in FY 2020
… New York City now projects a surplus of $550 million in fiscal year 2020, reflecting stronger-than-expected … DiNapoli said. “The risk of a recession has eased in the near term, but the city should continue to increase … out-year gaps have grown slightly, to nearly $3 billion in FY 2022 and $3.2 billion in FY 2023. Despite concerns that …
https://www.osc.ny.gov/press/releases/2019/12/nyc-surplus-projected-reach-550-million-fy-2020Minds in Motion, Inc. – Compliance With the Reimbursable Cost Manual
… Objective To determine whether the costs reported by Minds in Motion, Inc. (MIM) on its Consolidated Fiscal Reports … for-profit special education provider located in Newburgh. MIM provides preschool special education … the fiscal year ended June 30, 2015, MIM reported $571,094 in reimbursable costs for the one rate-based preschool …
https://www.osc.ny.gov/state-agencies/audits/2019/12/31/minds-motion-inc-compliance-reimbursable-cost-manualHomeless Outreach Services in the New York City Subway System
… system through placements. The audit covers the period January 1, 2015 through June 6, 2019. About the Program …
https://www.osc.ny.gov/state-agencies/audits/2020/01/16/homeless-outreach-services-new-york-city-subway-systemOversight of Resident Care-Related Medical Equipment in Nursing Homes (Follow-Up)
… at facilities with larger inventories or histories of poor survey results. Our audit also identified facilities that did … Officials are given 30 days after the issuance of the follow-up review to provide information on any actions that are …
https://www.osc.ny.gov/state-agencies/audits/2019/11/18/oversight-resident-care-related-medical-equipment-nursing-homes-followNew York’s Economy and Finances in the COVID-19 Era
… as of June 30, including certain off-budget spending by public authorities and the City University of New York. The … COVID-19 related workforce costs, such as those for public health and public safety (the latter including state police and …
https://www.osc.ny.gov/reports/covid-19-september-30-2020DiNapoli: Local Sales Tax Collections Down 7.8 Percent in August
… Local government sales tax revenue declined by 7.8 percent in August compared to the same period last year, … in Tioga to 35.5 percent in Delaware. New York City had a 7.1 percent decline, a $43.9 million reduction in revenues, … (18.6 percent). Westchester’s tax rate increase in 2019 may account for some of its year-over-year growth in August. …
https://www.osc.ny.gov/press/releases/2020/09/dinapoli-local-sales-tax-collections-down-78-percent-augustNew York’s Economy and Finances in the COVID-19 Era
… provided a self-response online, by phone, or by mail, lagging the national figure of nearly 66 percent. More …
https://www.osc.ny.gov/reports/covid-19-september-16-2020New York’s Economy and Finances in the COVID-19 Era
… governments during the pandemic. Sharp declines in state tax revenues and increased spending on Medicaid and other … Assistance New York State’s Budget State personal income tax receipts in July were more than $1 billion below the … to be repaid later in the fiscal year, as well as the withholding of significant amounts of payments from local …
https://www.osc.ny.gov/reports/covid-19-august-5-2020New York’s Economy and Finances in the COVID-19 Era
… a high likelihood of transitioning into a business with payroll.” Such applications from New York totaled 4,223 in …
https://www.osc.ny.gov/reports/covid-19-july-22-2020New York’s Economy and Finances in the COVID-19 Era
… in February, reflecting net gains of nearly 2 million jobs since April 1996. The COVID-19 pandemic dealt a body … million represented the State’s largest monthly loss of jobs on record. New York City lost 944,000 jobs from February to April, and recovered 12.9 percent …
https://www.osc.ny.gov/reports/covid-19-august-19-2020DiNapoli: Local Sales Tax Collections Drop 8.2 Percent in July
… had increases, including Westchester, where its tax rate increase in August of 2019 boosted year-over-year growth. …
https://www.osc.ny.gov/press/releases/2020/08/dinapoli-local-sales-tax-collections-drop-82-percent-julyNew York’s Economy and Finances in the COVID-19 Era
… that rate is only one measure of the impact of lost jobs. 53% of New York adults age 18 and over live in … Suffer Big Declines New York City lost more than 937,000 jobs, 20 percent of its previous total, from February through … in every area of the State, erasing more than 1.8 million jobs statewide. New York City lost both more jobs and a …
https://www.osc.ny.gov/reports/covid-19-july-9-2020New York’s Economy and Finances in the COVID-19 Era
… Latest Updates The State Comptroller’s office is committed to keeping New Yorkers regularly updated on the state’s … of FPUC, which provided an additional $600 weekly for many recipients through the end of July and the end of the … data. However, there has been a notable difference in how aid was disbursed geographically. Only 19 of the 57 …
https://www.osc.ny.gov/reports/covid-19-october-28-2020DiNapoli: Wall St. Profits Soared in First Half of 2020
… to State Comptroller Thomas P. DiNapoli’s annual report on Wall St.’s performance . “An injection of federal stimulus … to a level hard to imagine in March,” DiNapoli said. “Wall Street’s successful first half helps our state and city …
https://www.osc.ny.gov/press/releases/2020/10/dinapoli-wall-st-profits-soared-first-half-2020