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New York’s Economy and Finances in the COVID-19 Era
… Loan Balances Up 3.9% in New York; Will Pandemic-Related Relief Be Extended Again? New Yorkers’ average student loan … York Consumer Credit Panel/Equifax. The Coronavirus Aid, Relief and Economic Security (CARES) Act enacted in March … defaulted loans through wage garnishment and reductions of tax refunds and other federal benefits, among other relief …
https://www.osc.ny.gov/reports/covid-19-january-7-2021Opinion 96-2
… to charge library district with proportionate share of tax refund) IMPROVEMENT DISTRICTS -- Library Districts … district with proportionate share of tax refund) REAL PROPERTY TAXES AND ASSESSMENTS -- Refunds and Chargebacks … district with proportionate share of tax refund) REAL PROPERTY TAX LAW, §§102(14), (16), 726(1)(b); Chapter 658 of …
https://www.osc.ny.gov/legal-opinions/opinion-96-2Opinion 88-47
… that bear on the issues discussed in the opinion. REAL PROPERTY TAXES AND ASSESSMENTS -- Enforcement (applicability … general statutes of limitations to lien enforcement) REAL PROPERTY TAX LAW, §§902, 1422: The enforcement of liens for unpaid …
https://www.osc.ny.gov/legal-opinions/opinion-88-47Town of Crown Point - Town Clerk/Tax Collector (2018M-263)
… - pdf] Audit Objective Determine whether the Town Clerk/Tax Collector (Clerk) properly accounted for fees (including campsite rentals), real property taxes and water and sewer rents. Key Findings The Clerk did not: Remit real property taxes totaling nearly $1.4 million in 2017 and 2018 …
https://www.osc.ny.gov/local-government/audits/town/2019/07/19/town-crown-point-town-clerktax-collector-2018m-263Town of Almond - Tax Collection (2019M-188)
… Town Clerk (Clerk) recorded, deposited and remitted real property tax collections in a timely and accurate manner. Key Findings …
https://www.osc.ny.gov/local-government/audits/town/2019/12/06/town-almond-tax-collection-2019m-188DiNapoli: SFY 2022-23 Tax Collections Outperform Projections; Fall Below Previous Year
… Tax collections for State Fiscal Year (SFY) 2022-23 totaled … decline was primarily due to a decline in Personal Income Tax (PIT) receipts resulting from a variety of factors … federal funds from the American Rescue Plan State Fiscal Relief program. Actions taken by DOB at the end of the fiscal …
https://www.osc.ny.gov/press/releases/2023/04/dinapoli-sfy-2022-23-tax-collections-outperform-projections-fall-below-previous-yearPersonal Income Tax Refunds and Property Tax Credits-Final Report 2020-BSE08-01
Personal Income Tax Refunds and Property Tax Credits-Final Report 2020-BSE08-01
https://www.osc.ny.gov/files/state-agencies/audits/2020/pdf/bse-dtf-refunds-credits-2019-final-report-12-30-2020.pdfTown of Wellsville – Budgeting (2021M-112)
… funds. The Board gave taxpayers the impression that real property taxes were levied to finance general Town operations … from 2018 through 2021, the Board levied additional real property taxes in each general fund (town-wide and … Adopt budgets that more appropriately levy real property taxes for each general and highway fund. Town …
https://www.osc.ny.gov/local-government/audits/town/2021/11/19/town-wellsville-budgeting-2021m-112DiNapoli Consumer Alert: Contribute to a 529 College Savings Account and Deduct Up to $10,000 From Your State Taxes
… a New York State 529 College Savings Program account are tax deductible. New York’s 529 College Savings Program, an … New York is one of a handful of states that offer state tax relief. Contributions made by December 31 can provide up to …
https://www.osc.ny.gov/press/releases/2014/12/dinapoli-consumer-alert-contribute-529-college-savings-account-and-deduct-10000-your-state-taxesOversight of the Agricultural Assessment Program
… of Taxation and Finance’s (Department) Office of Real Property Tax Services (ORPTS) is properly calculating and …
https://www.osc.ny.gov/state-agencies/audits/2018/02/02/oversight-agricultural-assessment-programNew York State Comptroller Thomas P. DiNapoli Statement on Executive Budget Proposal
… regained all the jobs lost during the pandemic. Federal relief aid has provided critical support to the state budget, … “With two months left in the state’s fiscal year, tax collections remain relatively strong, exceeding the …
https://www.osc.ny.gov/press/releases/2023/02/new-york-state-comptroller-thomas-p-dinapoli-statement-executive-budget-proposalDiNapoli: School District Tax Levy Cap at 2%
… For the first time since 2019, property tax levy growth for school districts will be capped …
https://www.osc.ny.gov/press/releases/2022/01/dinapoli-school-district-tax-levy-cap-2-percentDiNapoli: Federal Data Shows New York's Losses in Fourth Grade Math and Reading Scores Are Double National Average
… from three rounds of the Elementary and Secondary School Relief Fund (ESSER) assistance. This aid was aimed at … by September 2024. Based on data from DiNapoli’s COVID-19 Relief Program Tracker , through Jan. 31 New York’s school … projected to decline, as the balance of federal pandemic relief funds must be obligated by September 2024. This could …
https://www.osc.ny.gov/press/releases/2023/03/dinapoli-federal-data-shows-new-yorks-losses-fourth-grade-math-and-reading-scores-are-double-nationalDiNapoli Finds Slow Property Tax Growth for Local Governments
… Annual Report on Local Governments . The report found that property tax levy growth has slowed over the past several years, from … some key economic indicators suggest an improving economy, property tax growth is slow and the pressure remains on local …
https://www.osc.ny.gov/press/releases/2015/01/dinapoli-finds-slow-property-tax-growth-local-governmentsAdministration and Collection of Real Estate Transfer Taxes (Follow-Up)
… 2017-S-88 ). About the Program The Real Estate Transfer Tax (RETT), enacted in 1968 under Tax Law Article 31 as a tax on the transfer of real property, applies to sales or conveyances of New York real property or interests in real property when the consideration …
https://www.osc.ny.gov/state-agencies/audits/2021/10/27/administration-and-collection-real-estate-transfer-taxes-followTax Exemption Administration In the Towns of Babylon, Brookhaven, Huntington, Islip and Smithtown (2019MR-1)
… in Suffolk County are properly administering select real property tax exemptions. Key Findings Assessors incorrectly calculated …
https://www.osc.ny.gov/local-government/audits/statewide-audit/2019/09/20/tax-exemption-administration-towns-babylon-brookhaven-huntington-islipDiNapoli: School District Tax Levy Cap Below 2 Percent
… Property tax levy growth for school districts will be capped … bid protest decisions and commonly requested data. … Property tax levy growth for school districts will be capped …
https://www.osc.ny.gov/press/releases/2020/01/dinapoli-school-district-tax-levy-cap-below-2-percentTown of Orangeville – Town Clerk/Tax Collector (2023M-80)
… whether the Town of Orangeville (Town) Town Clerk/Tax Collector (Clerk) properly recorded, deposited, remitted … 21 of the 24 months reviewed. Deposit Clerk fees and real property tax collections within required timeframes or in a timely manner. Remit real property tax collections totaling $2 million to the Town …
https://www.osc.ny.gov/local-government/audits/town/2023/09/29/town-orangeville-town-clerktax-collector-2023m-80DiNapoli: Weak Oversight Leads to Tax Breaks for Ineligible Properties
… in two private forest conservation programs receiving property tax exemptions of up to 80% for which they may be ineligible, … Comptroller Thomas P. DiNapoli. “New York state offers a property tax break for landowners who commit to protect their …
https://www.osc.ny.gov/press/releases/2022/04/dinapoli-weak-oversight-leads-tax-breaks-ineligible-propertiesCity of Yonkers – Budget Review (B20-6-6)
… such as fund balance, one-time State funding and sale of property, to balance its budget. Firefighting overtime costs … costs. The City plans to borrow up to $15 million for tax certiorari settlements in the 2020-21 fiscal year. Over … of its taxing authority and the City’s ability to increase property taxes may be limited in future years if property …
https://www.osc.ny.gov/local-government/audits/city/2020/06/24/city-yonkers-budget-review-b20-6-6