New York’s Economy and Finances in the COVID-19 Era (July 1, 2021)
July 1, 2021 Edition
July 1, 2021 Edition
In 2020, OSC completed 10 audits of preschool special education providers' expenses submitted to SED. These audits cumulatively identified over $4.4 million in recommended disallowances, or more than 3 percent of the total claimed expenses of $139.3 million for the audit period.
The State Fiscal Year 2021-22 Enacted Budget Financial Plan reflects a remarkable improvement in the State’s financial condition, as New York and the nation have begun to recover from the devastating impacts of the COVID-19 pandemic.
The COVID-19 pandemic spurred a change in how people sought and received medical care; rather than visiting medical practitioners in person, increasing numbers of people used telehealth services. While telehealth usage in New York and nationally has declined since the pandemic peak, it remains well above pre-pandemic levels, though still only a small share of overall utilization.
One year after COVID-19 caused the sharpest economic contraction on record and exposed New York City’s finances to substantial risks, the City’s economy and finances are on the mend, thanks largely to unprecedented federal economic stimulus for businesses and individuals, and direct federal relief to New York State, New York City and the Metropolitan Transportation Authority.
June 24, 2021 Edition
Of the total contracts reported by State agencies in 2020, 78 percent were processed after their start or renewal dates, the highest percentage since 2013 when the figure was 87 percent.
Of the total contracts, 2,276 (50 percent) were processed after their start or renewal dates. This is an increase from 2018, when 47 percent were reported late. The trend bears watching; the State must avoid further regression toward the ten-year high of 87 percent late in 2013.
Of the total contracts, 2,149 (47 percent) were processed after their start or renewal dates. This is a reduction from 2017, when 54 percent were reported late. This continues a decline in the percentage of late contracts from the five-year high of 77 percent in 2014.
Of the total contracts, 2,210 contracts (54 percent) were processed late, after their start or renewal dates. This is a modest reduction from 2016, when 59 percent were reported late, and continues a decline in the percentage of late contracts from the five-year high of 87 percent reported late in 2013.