1. Home
  2. New York State

New York State

DiNapoli: Unemployment Taxes on Employers Poised To Increase To Repay $9B Owed to Federal Government

The historic surge in unemployment claims at the onset of the COVID-19 pandemic rapidly depleted the New York State Unemployment Insurance (UI) Trust Fund, resulting in the state borrowing from the federal government to pay claims. State UI tax rates have already risen to the highest level permissible under law in 2021. Unless the state or federal government takes significant action, federal UI tax rates on employers will also increase in 2022 and beyond, according to a report issued today by State Comptroller Thomas P.

Disruption to Special Education Services: Closing the Gap on Learning Loss from COVID-19

New York students with disabilities lost partial or full special education services because of school shutdowns and the shift to remote learning during the pandemic, likely exacerbating pre-existing achievement gaps. School districts should prioritize address learning loss for these students in their re-opening plans.

Enterprise Fraud, Waste and Abuse Prevention and Detection, September 1, 2021

The New York State Legislature amended the State Finance Law in 2015 by adding a new Section 8-c, which provides for the establishment of a statewide electronic system to help detect and prevent fraud, waste and abuse in government spending and to help avoid improper payment of public funds.

State Contract and Payment Actions in July

In July, the Office of the State Comptroller approved 1,440 contracts for state agencies and public authorities valued at $11.1 billion and approved nearly 16.6 million payments worth nearly $13.7 billion. The office rejected 144 contracts and related transactions valued at $242.9 million and more than 5,800 payments valued at more than $25.2 million, primarily for mistakes, insufficient support for charges, and improper payments. More information on these contracts and payments is available at Open Book New York.

DiNapoli Takes Action to Hold Corporate America Accountable for Failing to Address Diversity, Equity and Inclusion

The New York State Common Retirement Fund (the Fund) voted against board directors at companies that failed to meet the Fund’s expectations for board diversity and filed shareholder proposals calling on companies to address investors’ concerns about diversity, equity and inclusion during the 2021 proxy season, New York State Comptroller Thomas P. DiNapoli announced today. The Fund’s ongoing efforts to hold publicly traded corporations and their top executives accountable received strong support.

DiNapoli Announces Reduction in Employer Contribution Rates for Retirement System

New York State Comptroller Thomas P. DiNapoli today announced reductions in employer contribution rates to the New York State and Local Retirement System (NYSLRS) for both of its systems – the Employees’ Retirement System (ERS) and Police and Fire Retirement System (PFRS). The adjusted rates will impact payments next State Fiscal Year 2022-23. In addition, DiNapoli lowered the long-term assumed rate of return on the Fund’s investments from 6.8% to 5.9%.

Upstate Transportation Authorities Suffer Revenue Plunge

The COVID-19 pandemic created unprecedented challenges for the State’s regional transportation authorities by disrupting operations, decreasing ridership, and severely reducing revenues; however, these authorities reported that federal aid helped them weather pandemic deficits. If ridership continues to languish and does not return to pre-pandemic levels, the authorities will need additional revenue from other sources to continue to provide services at current levels—or may be faced with limiting services.

Subscribe to New York State