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NYS Comptroller DiNapoli: Wall Street Profits and Bonuses Up Sharply in 2017
… in 2018." Pretax profits for the broker/dealer operations of New York Stock Exchange member firms (the traditional measure of securities industry profits) soared by 42 percent in 2017 … than before the financial crisis in 2007, while the rest of the private sector in the city has grown by 23 percent. …
https://www.osc.ny.gov/press/releases/2018/03/nys-comptroller-dinapoli-wall-street-profits-and-bonuses-sharply-2017DiNapoli: Local Sales Tax Collections Up 3% in Second Quarter
… Local government sales tax collections in New York state totaled $5.7 billion in the second quarter of 2023 (April-June), an increase of … Thomas P. DiNapoli. Collections were more robust in the first quarter of 2023, growing 7.1%. “Growth in local … Local government sales tax collections in New York state totaled $57 billion in the second quarter …
https://www.osc.ny.gov/press/releases/2023/08/dinapoli-local-sales-tax-collections-3-percent-second-quarterDiNapoli: State Tax Receipts Through First Quarter Exceed Financial Plan Projections by $1.7 Billion
… by State Comptroller Thomas P. DiNapoli. “The revenue news for New York was positive for the first quarter,” DiNapoli … should be a priority.” State Tax Collections Through June 30 (in millions of dollars) Personal income tax (PIT) … were $540.5 million lower than the same period in SFY 2021-22, reflecting, in part, the effects of the Pass-Through …
https://www.osc.ny.gov/press/releases/2022/07/dinapoli-state-tax-receipts-through-first-quarter-exceed-financial-plan-projections-1-point-7-billionXVII.2 Overview – XVII. Lapsing Appropriations
… Year (SFY) State Operations appropriations (excluding SUNY and CUNY) that are not reappropriated and the SUNY … Account appropriations lapse after close of business on June 30 or the first business day following if June 30 falls on a non-business day. Local … Year SFY State Operations appropriations excluding SUNY and CUNY that are not reappropriated and the SUNY …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xvii/xvii2-overviewState Agencies Bulletin No. 2059
… inform agencies of the procedures and provide instructions for reporting the taxable value of personal use of an … services in the New York State Payroll System (PayServ) for tax year 2022. Affected Employees: Employees with … and personal use of employer-provided chauffeur services for the period November 1, 2021, through October 31, 2022, as …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2059-procedures-reporting-taxable-value-personal-use-employer-providedDiNapoli: State Pension Fund Reaches Record High of $176.2 Billion
… Securities The Fund is the third-largest public pension fund in the country and remains one of the nation’s best-managed and best-funded pension plans. The New York State and Local Retirement System … The value and rate of return for prior years can be found here: …
https://www.osc.ny.gov/press/releases/2014/05/dinapoli-state-pension-fund-reaches-record-high-1762-billionDiNapoli Releases Analysis of State Financial Plan
… After two years of extraordinary volatility in state finances, the State … 2022-23 Enacted Budget Financial Plan from the Division of the Budget (DOB) projects fiscal stability for the next … Making deposits to the rainy-day reserves on or ahead of schedule may help prevent disruptions in critical programs …
https://www.osc.ny.gov/press/releases/2022/07/dinapoli-releases-analysis-state-financial-planDiNapoli: Tax Exemptions Jump While Job Gains Slow for IDA Projects
… audits have noted IDAs performing effectively and using best practices, there continue to be deficiencies related to …
https://www.osc.ny.gov/press/releases/2015/05/dinapoli-tax-exemptions-jump-while-job-gains-slow-ida-projectsDiNapoli: New York City's Budget Outlook Improves
… New York City’s budget outlook for Fiscal Year (FY) 2025, but funding for education and social services remain … immigration reform.” The city’s Preliminary FY 2025 budget and January Financial Plan enabled the city to … (adjusted for prepayments), close its $7.1 billion FY 2025 budget gap, and reduce its out-year gaps. The January …
https://www.osc.ny.gov/press/releases/2024/02/dinapoli-new-york-citys-budget-outlook-improvesState Agencies Bulletin No. 2159.1
… in the New York State Payroll System (PayServ) for tax year 2023. Affected Employees: Employees with … vehicles for the agency. ***Please note that due to the Tax Cuts and Jobs Act (for dates beginning after December 31, … the Fleet Average Valuation rules is $56,100 under Income Tax Regulation Section 1.61-21. Valuing Personal Use of …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/21591-procedures-reporting-taxable-value-personal-use-employer-providedState Agencies Bulletin No. 2159
… in the New York State Payroll System (PayServ) for tax year 2023. Affected Employees: Employees with … vehicles for the agency. ***Please note that due to the Tax Cuts and Jobs Act (for dates beginning after December 31, … the Fleet Average Valuation rules is $56,100 under Income Tax Regulation Section 1.61-21. Valuing Personal Use of …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2159-procedures-reporting-taxable-value-personal-use-employer-providedDiNapoli: Daughter Allegedly Stole Over $240K in Deceased Father's NYS Pension Payments
… P. DiNapoli, Albany County District Attorney David Soares and the New York State Police today announced the arrest of … “I thank Albany County District Attorney David Soares and the New York State Police for partnering with my Division … P DiNapoli Albany County District Attorney David Soares and the New York State Police today announced the arrest of …
https://www.osc.ny.gov/press/releases/2023/03/dinapoli-daughter-allegedly-stole-over-240k-deceased-fathers-nys-pension-paymentsDiNapoli: NYC Financial Plan Improved From June
… $2.5 billion since June due to unanticipated federal grant funds. The plan also does not yet include more than $1.4 … aid will also require new revenue to continue after those funds are exhausted. For the upcoming FY 2024 preliminary …
https://www.osc.ny.gov/press/releases/2022/12/dinapoli-nyc-financial-plan-improved-juneDiNapoli: NYC Projects Budget Surplus For 2017, But Faces Risks With Federal Budget Cuts
… City projects a surplus of $3.7 billion in fiscal year (FY) 2017, but faces the risk of losing substantial federal … billion). The city intends to transfer the surplus to FY 2018, balancing that year's budget. The city's latest financial plan shows that FY 2018 budget is balanced, but the out-year budget gaps have …
https://www.osc.ny.gov/press/releases/2017/05/dinapoli-nyc-projects-budget-surplus-2017-faces-risks-federal-budget-cutsDiNapoli: More School Districts Take Initial Steps to Exceed Tax Cap
… school districts that reported, indicated that they will seek an override of the tax cap. Last year, 3.5 percent, … few weeks, we may see additional districts deciding to seek voter approval for an override.” The tax cap, which … contracts, visit Open Book New York . The easy-to-use website was created by DiNapoli to promote openness in …
https://www.osc.ny.gov/press/releases/2016/03/dinapoli-more-school-districts-take-initial-steps-exceed-tax-capDiNapoli Urges NYC to Shore Up Rainy-Day Fund
… Thomas P. DiNapoli urged New York City officials to better prepare for financial downturns by evaluating the … law enabling the use of these funds, called on the city to define how these resources are accumulated and used. … said. “Economic damage from the pandemic and changes to state and local laws on the use of reserves necessitates …
https://www.osc.ny.gov/press/releases/2021/11/dinapoli-urges-nyc-shore-rainy-day-fundDiNapoli: Local Sales Tax Collections Up 20% in Third Quarter
… Local sales tax collections totaled $5.2 billion in the third quarter (July-September of 2021), up $861 … impact growth.” Statewide, every region saw solid growth in sales tax collections during the third quarter compared to … City, the July-September period marked the fifth quarter in a row that county and city sales tax receipts met or …
https://www.osc.ny.gov/press/releases/2021/10/dinapoli-local-sales-tax-collections-20-third-quarterDiNapoli Releases State Cash Report
… $1.3 billion higher than the same period last year, an increase of 12 percent. This increase was primarily due to stronger personal income tax … tax collections totaled $2.4 billion through May 31, an increase of 1.7 percent from the previous year and $33.1 …
https://www.osc.ny.gov/press/releases/2015/06/dinapoli-releases-state-cash-reportDiNapoli: Identity Theft Cases Surged in New York in 2020
… Identity thefts in New York surged during the pandemic with more than 67,000 complaints filed statewide … in 2020, which was 85 percent more than the previous year and more than four times the annual total from a decade earlier, according to a report released today …
https://www.osc.ny.gov/press/releases/2021/05/dinapoli-identity-theft-cases-surged-new-york-2020DiNapoli: 33.55 Percent Annual Investment Return for New York State Pension Fund Is Largest in Its History
… State Comptroller Thomas P. DiNapoli today announced that the New York State Common Retirement Fund’s (Fund) estimated overall investment return was 33.55 percent for the state fiscal year (SFY) that ended March 31, 2021, reflecting the financial markets’ dramatic rebound from lows reached during the COVID-19 pandemic. The return on …
https://www.osc.ny.gov/press/releases/2021/05/dinapoli-33-point-55-percent-annual-investment-return-new-york-state-pension-fund-largest-its-history