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New 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
… pandemic first appeared in March. The State’s General Fund balance was $14.2 billion as of August 7, compared to $14.4 … CARES Act Fund, which is outside the General Fund, held a balance of just over $4 billion as of August 7. A total of …
https://www.osc.ny.gov/reports/covid-19-august-19-2020DiNapoli: Local Sales Tax Collections Drop 8.2 Percent in July
… Sales tax revenue for local governments in July fell 8.2 percent compared to the same period last … Thomas P. DiNapoli. Collections for counties and cities in July totaled $1.3 billion, or $116 million less than in July 2019. Although revenue is still down compared to July …
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
… reported, New York’s unemployment rate has soared upward in recent months, with May's 14.5 percent nearly four times the 3.7 percent in February. But that rate is only one measure of the impact …
https://www.osc.ny.gov/reports/covid-19-july-9-2020New York’s Economy and Finances in the COVID-19 Era
… Fiscal Year 2020-21 Enacted Budget: Budgeting in a Time of Crisis Subscribe for Latest News and Updates … Shrinking …
https://www.osc.ny.gov/reports/covid-19-october-28-2020DiNapoli: Wall St. Profits Soared in First Half of 2020
… jump was propelled by $2.4 trillion in federal stimulus funds and the lowering of interest rates to near zero, which …
https://www.osc.ny.gov/press/releases/2020/10/dinapoli-wall-st-profits-soared-first-half-2020DiNapoli: Local Sales Tax Collections Up 1.6% in First Quarter
… Local government sales tax collections totaled $5.6 billion in the first calendar quarter (January-March) of 2024, an … year, the lowest rate of growth since the first quarter in 2021, according to a report released today by State … decline for the quarter. “Local sales tax collections in the first quarter showed modest year-over-year growth, led …
https://www.osc.ny.gov/press/releases/2024/04/dinapoli-local-sales-tax-collections-16-first-quarterDiNapoli: State Could Face Tough Fiscal Decisions in Year Ahead
… and other programs, but authorizes more than $10.5 billion in new state debt and allows billions of dollars in lump sum spending with minimal disclosure, according to a … help New York move forward. However, billions of dollars in spending lacks key details that would better inform the …
https://www.osc.ny.gov/press/releases/2017/05/dinapoli-state-could-face-tough-fiscal-decisions-year-aheadDiNapoli: Local Sales Tax Collections Grew by 14% in October
… Local sales tax collections in New York state increased by 14.1% in October compared to the same month in 2021, according to an analysis released today by State …
https://www.osc.ny.gov/press/releases/2022/11/dinapoli-local-sales-tax-collections-grew-14-octoberDiNapoli: Local Sales Tax Collections Up Nearly 12% in July
… Local sales tax collections in New York state increased by 11.9% in July compared to the same month in 2021, according to an analysis released today by State …
https://www.osc.ny.gov/press/releases/2022/08/dinapoli-local-sales-tax-collections-nearly-12-percent-julyThe Condition of Locally Owned Bridges in New York State
… The Office of the New York State Comptroller (OSC) has developed an interactive map … Federal Highway Administration’s (FHWA) National Bridge Inventory (Selected data from the 2023 NBI) [xlsx]. …
https://www.osc.ny.gov/local-government/condition-locally-owned-bridges-new-york-stateDiNapoli: Local Sales Tax Collections Up 2.2% in Second Quarter
… government sales tax collections totaled $5.83 billion in the second calendar quarter (April-June) of 2024, an … all other regions of the state also saw increases. “Growth in local sales tax collections has moderated, as both … to local sales tax growth, and its moderate increase in collections reflects in part a tourism industry that …
https://www.osc.ny.gov/press/releases/2024/07/dinapoli-local-sales-tax-collections-22-second-quarterNew York’s Economy and Finances in the COVID-19 Era
… $5.1 billion to New York State through the Coronavirus Relief Fund. As of August 28, the State’s CARES Act Fund held …
https://www.osc.ny.gov/reports/covid-19-september-2-2020DiNapoli: New York Sees Improvement in Condition of Local Bridges
… One in 10 locally owned bridges in New York state is rated in poor condition, according to a report … Locally Owned Bridges in New York State Searchable Bridge Inventory Map 2023 Bridge Data (Excel) 2017 Report Local …
https://www.osc.ny.gov/press/releases/2024/07/dinapoli-new-york-sees-improvement-condition-local-bridgesDiNapoli: Local Sales Tax Collections Up 1.4% in Third Quarter
… government sales tax collections totaled $5.98 billion in the third calendar quarter (July-September) of 2024, an … Comptroller Thomas P. DiNapoli. Eight of the 10 regions in the state, including New York City, saw collections rise. … tax collections are growing more slowly than they were in the pre-pandemic period,” DiNapoli said. “Given this lower …
https://www.osc.ny.gov/press/releases/2024/10/dinapoli-local-sales-tax-collections-up-1-point-4-percent-third-quarterDiNapoli Report Examines Broadband Availability, Access and Affordability in NYC
… and found that despite high availability, one in four households had no cable, fiberoptic (FTTP) or digital … DiNapoli said. “While broadband connections exist in neighborhoods across the city, too many households still … or higher was available to at least 98.1% of residents in the five boroughs, as of December 2022. The rate of …
https://www.osc.ny.gov/press/releases/2024/12/dinapoli-report-examines-broadband-availability-access-and-affordability-nycTransparency and Accountability of Fiscal Activities in Villages (2024-MS-2)
… Summary New York State (NYS) has 532 villages ranging in size from fewer than 50 residents with a budget of … annual budget to provide those services. Village officials in NYS should be transparent and accountable, by making … that do not file their required AFR has grown from six in 2019 to 76 in 2023, a concerning trend. We reviewed 2 the …
https://www.osc.ny.gov/local-government/audits/statewide-audit/2024/12/20/transparency-and-accountability-fiscal-activities-villages-2024-ms-2The Concerning Growth of Hate Crime in New York State
… Introduction New York State has seen a concerning surge in reported hate crimes over the last five years, with the number of incidents increasing by 12.7 percent in 2023 alone. As the number of hate crimes has grown, these … faith and political leaders willing to take an active role in denouncing hate, investing in reporting, prevention and …
https://www.osc.ny.gov/reports/concerning-growth-hate-crime-new-york-stateIX.4 Establish & Maintain Federal Grants in SFS for Onboarding Agencies – IX. Federal Grants
… through ESA within the Statewide Financial System (SFS). In order to establish a grant in the SFS, there is certain mandatory information that … the contract approval process. Establishing a grant in the SFS requires the use of three integrated modules: …
https://www.osc.ny.gov/state-agencies/gfo/chapter-ix/ix4-establish-maintain-federal-grants-sfs-onboarding-agenciesLocal Government – 2022 Financial Condition Report
… Local Revenue Sources Remained Fairly Stable Real property tax revenues were mostly unaffected by COVID-19 in local … source for counties (33.6 percent in LFY 2020). Property Tax – Allowable Levy Growth Is Increasing Again After a Decline Generally, the property tax cap limits levy increases to the lesser of 2 percent or the …
https://www.osc.ny.gov/reports/finance/2022-fcr/local-government