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New York’s Economy and Finances in the COVID-19 Era (June 3, 2021)
… rates in New York, which peaked at 16.2 percent in April 2020. Since then, New York’s unemployment rates have slowly … Labor reports that for the one-year period between April 2020 and March 2021, unemployment rates for people with … unemployment rate for all New Yorkers between April 2020 and March 2021 was 11.3 percent, an increase of 7.5 …
https://www.osc.ny.gov/reports/new-yorks-economy-and-finances-covid-19-era-june-3-2021DiNapoli: SFY 2022-23 Tax Collections Outperform Projections; Fall Below Previous Year
… totaled $111.7 billion, $2.9 billion higher than the forecast released by the Division of the Budget (DOB) in the … 202223 totaled $1117 billion $29 billion higher than the forecast released by the Division of the Budget DOB in the …
https://www.osc.ny.gov/press/releases/2023/04/dinapoli-sfy-2022-23-tax-collections-outperform-projections-fall-below-previous-yearNYC Budget Benefiting From Strong Tax Collections
… total of nearly $4.7 billion through FY 2022). However, only a small share of the savings are projected to come from …
https://www.osc.ny.gov/press/releases/2018/06/nyc-budget-benefiting-strong-tax-collectionsDiNapoli: Wall St. Profits Soared in First Half of 2020
… new round of stimulus and relief. Wall Street’s growth can only be sustained if there is broad economic recovery.” … plan update. Bonus declines of larger magnitude occurred only during the last two recessions. DiNapoli will release …
https://www.osc.ny.gov/press/releases/2020/10/dinapoli-wall-st-profits-soared-first-half-2020New York State Comptroller DiNapoli on NYC Executive Budget
… newly announced agency initiatives and addressing a number of risks in the budget. "The city’s short-term finances have … adoption and still has room to improve before the end of the year. "This improvement reflects the city’s economic … The budget funds targeted investments across a variety of service areas, including economic and workforce …
https://www.osc.ny.gov/press/releases/2022/04/new-york-state-comptroller-dinapoli-nyc-executive-budgetCity of Yonkers – Budget Review (B20-6-4)
… [read complete report - pdf] Purpose of Budget Review Determine whether the … request is $661.7 million for appropriations, which has a budget gap of at least $22.5 million. The District has … tax limit. We caution the City that if property values do not increase, its ability to increase taxes may be reduced …
https://www.osc.ny.gov/local-government/audits/city/2020/05/21/city-yonkers-budget-review-b20-6-4DiNapoli: Amid Federal Funding Uncertainty, State Must Focus on Programs To Aid Seniors
… senior population growing, the state must ensure its own investments are reaching older adults who need help. A … Yorks senior population growing the state must ensure its own investments are reaching older adults who need help …
https://www.osc.ny.gov/press/releases/2025/08/dinapoli-amid-federal-funding-uncertainty-state-must-focus-programs-aid-seniorsTown of Cohocton – Oversight of Ambulance Service (2025M-49)
… [read complete report – pdf] Audit Objective Did the Town of Cohocton (Town) Town Board (Board) adequately oversee and manage the Town’s ambulance … The Board did not adequately oversee or manage the Towns ambulance service The Boards general lack of oversight of and policy development for the District …
https://www.osc.ny.gov/local-government/audits/town/2025/09/26/town-cohocton-oversight-ambulance-service-2025m-49DiNapoli: NYC Tax Collections Expected to Fall for First Time Since Great Recession
… P. DiNapoli. Tax collections are projected to fall next fiscal year for the first time since the Great Recession. “New York … doubled to $5 billion. The gaps for fiscal years 2023 and 2024 have also grown, reaching $4.5 billion and $4.9 billion, …
https://www.osc.ny.gov/press/releases/2020/05/dinapoli-nyc-tax-collections-expected-fall-first-time-great-recessionDiNapoli: Medicaid Audits Find More Than $700 Million in Unnecessary Costs and Overpayments
… assigned during the time they are in receipt of benefits, only one CIN should have active eligibility at a time to …
https://www.osc.ny.gov/press/releases/2020/09/dinapoli-medicaid-audits-find-more-700-million-unnecessary-costs-and-overpaymentsDiNapoli: Proposed Congressional Cuts to SNAP Program Mean More New Yorkers Without Enough Food
… about 365,000, in 2021 to 2023. New York was one of only six states with a statistically significant increase in …
https://www.osc.ny.gov/press/releases/2025/07/dinapoli-proposed-congressional-cuts-snap-program-mean-more-new-yorkers-without-enough-foodDiNapoli: Financial Settlements and Federal Aid Boosted State Revenue to $149 Billion in 2014-15
… New York collected $149.1 billion in revenue in fiscal year 2014-15, an increase of $11.4 billion, or 8.3 … settlements and a boost in federal aid, according to a report on the state’s year-end finances issued today by … New York collected $1491 billion in revenue in fiscal year 201415 an increase of $114 billion …
https://www.osc.ny.gov/press/releases/2015/05/dinapoli-financial-settlements-and-federal-aid-boosted-state-revenue-149-billion-2014-15Fare Revenue Considerations for the Metropolitan Transportation Authority
… returned to pre-pandemic levels with fares expected to be only 24.5 percent of total revenue in 2022. The drop in fare … which made up 14 percent of tax subsidies in 2019 but only 8 percent in 2010. In addition, while the MTA currently … throughout the plan period. Of the other systems examined, only the RTA receives funding (8 percent of subsidies in …
https://www.osc.ny.gov/reports/osdc/fare-revenue-considerations-metropolitan-transportation-authorityNYC Budget Is Balanced but Risks Are Growing
… the budget are prudent.” The city added a total of 820,400 jobs between 2009 and 2018, the largest and longest job … or to narrow the projected budget gaps. The most immediate risk to the city’s finances is the potential impact of the … of uncertainty in the city’s tax projections. The largest risk to the budget remains the potential for an economic …
https://www.osc.ny.gov/press/releases/2019/03/nyc-budget-balanced-risks-are-growingDiNapoli: Audit Finds More Than $16 Million in Medicaid Cost Savings
… New York state's Medicaid system could have saved up to $13.6 million it spent on patients with severe kidney … been covered by the federal Medicare program, according to an audit released today by State Comptroller Thomas P. … The Department of Health should continue its efforts to recoup questionable payments and adjust its systems to …
https://www.osc.ny.gov/press/releases/2017/07/dinapoli-audit-finds-more-16-million-medicaid-cost-savingsNew York Leads Nation in Nonprofit Jobs & Wages
… New York led the nation in nonprofit employment with more than 1.4 million jobs and total wages of just over … in the nation in 2017. Nonprofit wages varied widely, with educational services having the highest average annual … Health care – the largest nonprofit industry – along with education and social assistance, represented more than …
https://www.osc.ny.gov/press/releases/2019/07/new-york-leads-nation-nonprofit-jobs-wagesDiNapoli: Georgia Woman Sentenced to Over a Year in Prison and Ordered to Pay $459K in Full Restitution for Stealing NYS Pension and Social Security Payments
… common crime that regrettably often follows the death of a family member,” Buchanan said. “This defendant stole nearly … a longtime Brooklyn resident who had worked for the State Insurance Fund from 1985 until her retirement in 2005. She … death. Instead, the retirement system received a change of address form purportedly signed and dated by the deceased. At …
https://www.osc.ny.gov/press/releases/2023/11/dinapoli-georgia-woman-sentenced-over-year-prison-and-ordered-pay-459k-full-restitution-stealing-nysDiNapoli: NYC Projects Budget Surplus For 2017, But Faces Risks With Federal Budget Cuts
… federal funding in the years ahead with proposed budget cuts looming in Washington, according to a report … Comptroller Thomas P. DiNapoli. "The President's proposed budget would make steep reductions in programs upon which … its reserves to cushion against the potential for federal budget cuts and the possible roll back of the Affordable Care …
https://www.osc.ny.gov/press/releases/2017/05/dinapoli-nyc-projects-budget-surplus-2017-faces-risks-federal-budget-cutsDiNapoli Releases Analysis of 2023-24 Enacted State Budget
… includes new recurring spending for schools, mental health services, and health care, as well as resources for the Metropolitan Transportation … Income Tax (PIT). “The Enacted State Budget funds critical services, including fully funding Foundation Aid for our …
https://www.osc.ny.gov/press/releases/2023/05/dinapoli-releases-analysis-2023-24-enacted-state-budgetDiNapoli: One in Ten New York Households Suffer From Food Insecurity
… has existed in my district for many years and was only exacerbated by the COVID-19 pandemic,” said … I have seen firsthand how food insecurity devastated not only my community but upstate communities as well. In … families put food on the table. It is important to not only ensure the well-being of our neighbor from a faith …
https://www.osc.ny.gov/press/releases/2023/03/dinapoli-one-ten-new-york-households-suffer-food-insecurity