State Comptroller DiNapoli Releases Municipal Audits
New York State Comptroller Thomas P. DiNapoli today announced the following local government audits has been issued.
Local
Performance of Industrial Development Agencies in New York State – 2020 Annual Report
The report summarizes most recently completed data (fiscal year ending 2018) found in these annual reports. In addition to reviewing IDA data, the Office of the State Comptroller (OSC) provides training to IDA officials on various topics, including recent legislative reforms and how to improve their compliance with reporting requirements.
Second Quarter Local Sales Tax Collections Down Significantly; June Collections Improve for Most Regions
Sales tax revenue for local governments in the second quarter of 2020 totaled $3.3 billion, a decline of $1.2 billion compared to the same period last year.
Local Sales Tax Collections Drop 8.2 Percent in July
Sales tax collections for local governments in July totaled $1.3 billion, or $116 million less than in July 2019.
Local Sales Tax Collections Down 7.8 Percent in August
Local government sales tax revenue declined by 7.8 percent, or $111 million, in August compared to the same month last year.
Voting From Home: Summary of the 2020-21 School District Budget Vote
The impact of the COVID-19 pandemic on school district operations has been substantial, driving unprecedented changes to many core functions and processes, including the annual school budget vote. For district-level information: http://wwe1.osc.state.ny.us/localgov/research-budget-votes/budget-votes.cfm
Statewide Local Sales Tax Collections Decline 5.2 Percent in October
Local government sales tax revenue declined by 5.2 percent, or $74.4 million, in October compared to the same month in 2019.
Local Sales Tax Collection Drops Over 32 Percent in May
Sales tax revenue for local governments in May totaled $918 million, or $437 million less than 2019. The sharp decline in revenues was widespread around the state, ranging from a drop of 19.5 percent in Westchester County to a 41.5 percent decline in Tioga County.
Under Pressure: Local Government Revenue Challenges During the COVID-19 Pandemic
Our State’s local governments are being tested on many fronts as a result of the COVID-19 Pandemic. This report will examine some of the major risks to these revenue sources, the dependence of local governments on each, and the effects of federal government actions to help keep local governments afloat thus far.
Fiscal Stress Monitoring System - Municipalities: Fiscal Year 2019 Results; Fiscal Year 2020 Risks
This snapshot highlights the results for counties, cities, towns and villages that reported for local fiscal years ending (FYE) 2019. These scores, therefore, provide a baseline for local government fiscal preparedness in the period just prior to the pandemic.