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New York’s Economy and Finances in the COVID-19 Era
… latest update. Subscribe Read Prior Editions December 2, 2020 Edition Selected Economic Trends Statewide Job Losses … February Still Above 1 Million After losing more than 1.9 million jobs in March and April, New York State saw steady … program. The State Department of Labor collected $2.34 billion and $2.14 billion of UI taxes in 2018 and 2019, …
https://www.osc.ny.gov/reports/covid-19-december-2-2020NYC Surplus Projected to Reach $550 Million in FY 2020
… DiNapoli said. “The risk of a recession has eased in the near term, but the city should continue to increase its … and the October unemployment rate of 4.1 percent remains near its historic low. Still, the city did not raise its …
https://www.osc.ny.gov/press/releases/2019/12/nyc-surplus-projected-reach-550-million-fy-2020Minds in Motion, Inc. – Compliance With the Reimbursable Cost Manual
… 2015, MIM reported $571,094 in reimbursable costs for the one rate-based preschool special education program it …
https://www.osc.ny.gov/state-agencies/audits/2019/12/31/minds-motion-inc-compliance-reimbursable-cost-manualHomeless Outreach Services in the New York City Subway System
… over homeless outreach services in the New York City subway system and whether they have met their goal in reducing the number of homeless individuals in the subway system through placements. The audit covers the period … the MTA, New York City Transit operates the New York City subway system, the largest subway transportation network in …
https://www.osc.ny.gov/state-agencies/audits/2020/01/16/homeless-outreach-services-new-york-city-subway-systemOversight of Resident Care-Related Medical Equipment in Nursing Homes (Follow-Up)
… Objective To determine the extent of implementation of the three recommendations included in our initial audit … To determine the extent of implementation of the three recommendations included in …
https://www.osc.ny.gov/state-agencies/audits/2019/11/18/oversight-resident-care-related-medical-equipment-nursing-homes-followDiNapoli: Outreach Failure Contributes to Rise in Subway Homeless Population
… outreach efforts to the homeless population in the transit system including Long Island Railroad and Metro-North Rail … 2,178, an increase of 18 percent over 2013. Questionable Placement Claims Auditors found the MTA and DHS cannot trust … to place in a family shelter. No further information on placement efforts was listed in DHS’ database. 11 clients …
https://www.osc.ny.gov/press/releases/2020/01/dinapoli-outreach-failure-contributes-rise-subway-homeless-populationDiNapoli: NYS Pension Fund Announces $400 Million in Sustainable Investments
… The New York State Common Retirement Fund (Fund) has committed approximately $400 million to two funds as part of its Sustainable Investments and … infrastructure), and real estate. New York State Common Retirement Fund The New York State Common Retirement Fund is …
https://www.osc.ny.gov/press/releases/2021/04/dinapoli-nys-pension-fund-announces-400-million-sustainable-investmentsDiNapoli: Tax Revenues in February $758 Million Over Budget Projections
… additional federal assistance, thanks to President Biden’s American Recovery Plan,” DiNapoli said. “While these …
https://www.osc.ny.gov/press/releases/2021/03/dinapoli-tax-revenues-february-758-million-over-budget-projectionsDiNapoli: Ex-Lake George Watershed Coalition Director Convicted in Grant Scheme
… to serve,” DiNapoli said. “I thank District Attorney Jason Carusone and the New York State Department of Taxation …
https://www.osc.ny.gov/press/releases/2020/03/dinapoli-ex-lake-george-watershed-coalition-director-convicted-grant-schemeDiNapoli Announces Guilty Plea in Town of Crawford Embezzlement Case
… who aided in the investigation and prosecuted the case. "Ms. Roy was an elected official who was trusted to …
https://www.osc.ny.gov/press/releases/2020/02/dinapoli-announces-guilty-plea-town-crawford-embezzlement-caseCompliance With Executive Order 88 – Energy Efficiency in State Buildings
… to facility staff, as required, by the December 31, 2017 deadline. DOCCS officials stated they did not meet the submetering deadline because they are installing more meters than … energy reduction until well after the April 1, 2020 deadline. Key Recommendation Continue implementing capital …
https://www.osc.ny.gov/state-agencies/audits/2020/01/30/compliance-executive-order-88-energy-efficiency-state-buildingsDiNapoli Announces Reduction in Employer Contribution Rates for Retirement System
… 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 … in employer contribution rates to the New York State and Local Retirement System NYSLRS for both of its systems …
https://www.osc.ny.gov/press/releases/2021/08/dinapoli-announces-reduction-employer-contribution-rates-retirement-systemDiNapoli: Local Sales Tax Collections Up 20% in Third Quarter
… tax receipts met or exceeded 2019 pre-pandemic levels for the same period. Some of the regions with the strongest … and the Capital District (15.4%). Sales tax receipts for New York City totaled $2.1 billion in the third quarter, … retail trade report shows strong year-over-year growth for the third quarter, especially in sectors such as gas …
https://www.osc.ny.gov/press/releases/2021/10/dinapoli-local-sales-tax-collections-20-third-quarterDiNapoli: Local Sales Taxes Jump 49.2 Percent in Second Quarter
… for local governments in New York state rose by 49.2% in the second quarter (April to June 2021) compared to the same period last year, a dramatic increase from last year’s weak collections during the first wave of the COVID-19 pandemic, according to State Comptroller …
https://www.osc.ny.gov/press/releases/2021/07/dinapoli-local-sales-taxes-jump-49-point-2-percent-second-quarterDiNapoli: Local Tax Cap Will Be Two Percent in 2022
… Property tax levy growth will be capped at 2% for 2022 for local governments that … as 44 cities and 13 villages. "Allowable tax levy growth will be limited to 2% for a third time in four years for … cost increases and the need for investments that will stimulate economic growth and fund essential services …
https://www.osc.ny.gov/press/releases/2021/07/dinapoli-local-tax-cap-will-be-two-percent-2022New York’s Economy and Finances in the COVID-19 Era
… Subscribe for Latest Updates The State Comptroller’s office … regularly updated on the state’s economy and finances. Subscribe to get the latest update. Subscribe Read Prior Editions September 30, 2020 Edition …
https://www.osc.ny.gov/reports/covid-19-september-30-2020New York’s Economy and Finances in the COVID-19 Era
… programs, together known as Temporary Assistance (TA), served 497,420 individuals in May, up by 8.3 percent …
https://www.osc.ny.gov/reports/covid-19-august-5-2020New York’s Economy and Finances in the COVID-19 Era
… numbers, which provide an early look at business formation activity, fell in New York by 16.8 percent from the …
https://www.osc.ny.gov/reports/covid-19-july-22-2020New York’s Economy and Finances in the COVID-19 Era
… specifically to employees teleworking as a result of the coronavirus pandemic. Previously available Census data … were down $3 billion from last year. Tax receipts for the first four months of the fiscal year totaled $26.4 billion, a … (DOB) in April. On August 13, DOB issued its FY 2021 First Quarterly Update, reducing its projection for this …
https://www.osc.ny.gov/reports/covid-19-august-19-2020New York’s Economy and Finances in the COVID-19 Era
… are consistently reflecting economic hardship, and in many cases at levels exceeding the national average. The one … in the latest Financial Plan update. The Families First Coronavirus Response Act, enacted in March, provides a 6.2 …
https://www.osc.ny.gov/reports/covid-19-october-14-2020