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New York’s Economy and Finances in the COVID-19 Era
… New York City and the balance of the State spiked upward in April 2020. At that point, and in the months immediately before, the percentages of officially unemployed workers in the City and in the rest of the State were nearly …
https://www.osc.ny.gov/reports/covid-19-february-3-2021New York’s Economy and Finances in the COVID-19 Era
… update. Subscribe Read Prior Editions January 7, 2021 Edition Selected Economic Trends Student Loan Balances … through December 31, 2020 and again through January 31, 2021. The most recent federal stimulus legislation did not … be outlined further in the Governor’s State Fiscal Year 2021-22 Executive Budget, expected to be released shortly. …
https://www.osc.ny.gov/reports/covid-19-january-7-2021New York’s Economy and Finances in the COVID-19 Era
… roughly $180 million, but anticipates savings starting in 2022-23, reflecting a decline in unemployment and the … amount may become available for the first quarter of calendar 2021, although this is uncertain. Through September …
https://www.osc.ny.gov/reports/covid-19-november-12-2020New York’s Economy and Finances in the COVID-19 Era
… Economic Trends Total New York Wages Fell $12.5 Billion in Second Quarter In the second quarter of 2020, total wages … historic loss of 1.9 million jobs in March and April, with a limited employment rebound in May and June. While … a threat to the well-being of many New Yorkers. At times during the two-week period ending November 23, 2020, one out …
https://www.osc.ny.gov/reports/covid-19-december-16-2020New York’s Economy and Finances in the COVID-19 Era
… offsetting roughly $500 million in General Fund costs for public health and public safety personnel expenses with resources from the fund …
https://www.osc.ny.gov/reports/covid-19-december-2-2020NYC Surplus Projected to Reach $550 Million in FY 2020
… stronger-than-expected personal and business income tax collections during the first four months of the year, … beyond the current fiscal year. DiNapoli’s office expects tax collections to exceed the city’s forecasts, assuming … Wall Street profits are likely to yield additional tax revenue for the city. City officials assume that economic …
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)
… of implementation of the three recommendations included in our initial audit report Oversight of Resident Care-Related Medical Equipment in Nursing Homes (Report 2016-S-80 ). About the Program … medical equipment. The Department oversees nursing homes in the State through its Division of Nursing Homes and …
https://www.osc.ny.gov/state-agencies/audits/2019/11/18/oversight-resident-care-related-medical-equipment-nursing-homes-followDiNapoli: NYS Pension Fund Announces $400 Million in Sustainable Investments
… Fund (Fund) has committed approximately $400 million to two funds as part of its Sustainable Investments and … (SICS) Program, State Comptroller Thomas P. DiNapoli, trustee of the Fund, announced today. This action is tied to … Solutions SICS Program State Comptroller Thomas P DiNapoli trustee of the Fund announced today …
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
… according to the monthly State Cash Report released today by New York State Comptroller Thomas P. DiNapoli. State tax … year at the same time. The higher balance is driven partly by withheld payments as well as receipts from short-term … of that borrowing, with the remaining $3.4 billion due by March 31. February Cash Report Find out how your …
https://www.osc.ny.gov/press/releases/2021/03/dinapoli-tax-revenues-february-758-million-over-budget-projectionsCompliance With Executive Order 88 – Energy Efficiency in State Buildings
… the centerpiece of BuildSmart NY– the Executive’s program for pursuing energy efficiency in certain New York State … by creating green jobs and stimulating the marketplace for clean energy and energy-efficient products and services. …
https://www.osc.ny.gov/state-agencies/audits/2020/01/30/compliance-executive-order-88-energy-efficiency-state-buildingsDiNapoli Announces Reduction in Employer Contribution Rates for Retirement System
… Comptroller Thomas P. DiNapoli today announced reductions in employer contribution rates to the New York State and … rates will impact payments next State Fiscal Year 2022-23. In addition, DiNapoli lowered the long-term assumed rate of … and best-funded,” DiNapoli said. “While the reduction in employer contribution rates is welcome news for taxpayers, …
https://www.osc.ny.gov/press/releases/2021/08/dinapoli-announces-reduction-employer-contribution-rates-retirement-systemDiNapoli: Local Sales Tax Collections Up 20% in Third Quarter
… Local sales tax collections totaled $5.2 billion in the third quarter (July-September of 2021), up $861 … impact growth.” Statewide, every region saw solid growth in sales tax collections during the third quarter compared to … City, the July-September period marked the fifth quarter in a row that county and city sales tax receipts met or …
https://www.osc.ny.gov/press/releases/2021/10/dinapoli-local-sales-tax-collections-20-third-quarterDiNapoli: Local Sales Taxes Jump 49.2 Percent in Second Quarter
… Sales tax revenue for local governments in New York state rose by 49.2% in the second quarter (April … after four quarters of year-over-year declines, but its total collections have yet to return to pre-pandemic levels. … vendors subject to these changes reported $16.2 billion in total sales to New Yorkers, generating an estimated $686 …
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
… tax levy growth will be limited to 2% for a third time in four years for local governments with calendar fiscal … first applied to local governments and school districts in 2012, limits annual tax levy increases to the lesser of … Dec. 31) had their levy growth capped at that amount. In 2021, the allowable levy growth was 1.56%. The Office of …
https://www.osc.ny.gov/press/releases/2021/07/dinapoli-local-tax-cap-will-be-two-percent-2022New York’s Economy and Finances in the COVID-19 Era
… Selected Economic Trends Job Losses Are Concentrated in Lower-Paid Sectors Six months into the COVID-19 recession, New Yorkers working in lower-paid sectors continue to suffer a disproportionate … share of job losses statewide and especially in New York City. Among the nearly 1.3 million net jobs the …
https://www.osc.ny.gov/reports/covid-19-september-30-2020DiNapoli: Local Sales Tax Collections Down 7.8 Percent in August
… This drop in revenue is similar to the decline in July of 8.2 percent, though much less extreme than the early months of the pandemic when sales tax collections plummeted by … tax rate increase in 2019 may account for some of its year-over-year growth in August. DiNapoli reported …
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
… income within the next four weeks, according to new data from the Census Bureau’s Household Pulse Survey. Among other … will happen to their household within the next two months. In addition, one-third said that it has been somewhat … for usual household expenses during the pandemic. Among adult New Yorkers pursuing a postsecondary education, 83 …
https://www.osc.ny.gov/reports/covid-19-september-16-2020New York’s Economy and Finances in the COVID-19 Era
… later this month. The State’s Lottery and other gaming receipts fell by $486.6 million , more than half, … million, compared to $228.3 million a year earlier, while casino revenue in April through June fell from $49.1 million …
https://www.osc.ny.gov/reports/covid-19-august-5-2020