Search
Tax Cap Tightens As Inflation Drops: Local Governments Will Need to Prepare for Little or No Levy Growth
Tax Cap Tightens As Inflation Drops: Local Governments Will Need to Prepare for Little or No Levy Growth
https://www.osc.ny.gov/files/local-government/publications/pdf/taxcaptightens0715.pdfState Agencies Bulletin No. 1374
… Purpose The purpose of this bulletin is to provide agency payroll staff with …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1374-deduction-priority-schedule-updatedState Agencies Bulletin No. 344
… Purpose To explain the procedure for the annual review of employees with Earned Income Credit (EIC). Affected Employees Employees eligible to … To explain the procedure for the annual review of employees with Earned …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/344-advance-payment-earned-income-creditState Agencies Bulletin No. 283
… (EIC). Affected Employees Employees eligible to receive advance Earned Income Credit payments for 2002. Background … Revenue Regulations require employees eligible for advance payment of Earned Income Credit to file a new W-5 "Earned Income Credit Advance" certificate each year. What is "Advance Earned …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/283-advance-payment-earned-income-creditState Agencies Bulletin No. 1754
… Purpose To notify agencies of the PayServ changes required as a … OSC Actions OSC will update the Deduction table in PayServ to remove agency update for the above referenced General … by NYSLRS NYSLRS Actions Submit a weekly input file to start, stop, and change NYSLRS General Deductions …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1754-payserv-changes-agency-update-ability-new-york-state-and-localCUNY Bulletin No. CU-703
… Purpose The purpose of this bulletin is to notify CUNY agencies of the new arrears deduction codes for NYCTRS and provide … who owe NYCTRS arrears are affected. Background In October of 2020, NYCTRS submitted a request to both OSC and CUNY for …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/city-university-new-york/cu-703-new-retirement-arrears-deduction-codes-members-new-yorkDiNapoli: New York City Projects Surplus in 2017 Despite Slower Tax Collections
… million in the 2017 fiscal year, which is likely to grow as the year progresses even though job growth and tax collections are slowing, according to a … and tax collections in the near future are unlikely to be as robust as they have been in recent years," DiNapoli said. …
https://www.osc.ny.gov/press/releases/2016/12/dinapoli-new-york-city-projects-surplus-2017-despite-slower-tax-collectionsLocal Sales Tax Collections Increased by 3% in July Compared to Last Year
… collections in New York state grew by 3% in July compared to the same month in 2022, according to an analysis released today by State Comptroller Thomas P. … totaled $1.82 billion, up $53.3 million compared to the same time last year. “Local sales tax growth in July …
https://www.osc.ny.gov/press/releases/2023/08/local-sales-tax-collections-increased-3-july-compared-last-yearDiNapoli: Strong Tax Collections and New Savings Initiatives Boost NYC's Short-Term Finances
… pressures that are likely to exacerbate already large out-year budget gaps, according to a report on the city Fiscal Year (FY) 2024 Executive Budget released today by State Comptroller Thomas P. DiNapoli. “The city’s economy …
https://www.osc.ny.gov/press/releases/2023/06/dinapoli-strong-tax-collections-and-new-savings-initiatives-boost-nycs-short-term-financesDiNapoli: Local Sales Tax Collections Up 21% in First Quarter of 2022
… or $901 million, in the first quarter of 2022 compared to the same period last year, according to a report released today by New York State Comptroller … in March. “Local sales tax collections continue to come in strong. While local governments are collecting …
https://www.osc.ny.gov/press/releases/2022/04/dinapoli-local-sales-tax-collections-21-percent-first-quarter-2022DiNapoli: Statewide Local Sales Tax Collections Surge Nearly 58 Percent in May
… Local sales tax collections in May increased by 57.8 percent over the … of last year. “For the second straight month, local sales tax collections had a tremendous boost. Strong collections in … distributions against what had been reported by sales tax vendors for the reporting quarter and adjusts payments to …
https://www.osc.ny.gov/press/releases/2021/06/dinapoli-statewide-local-sales-tax-collections-surge-nearly-58-percent-mayDiNapoli: Tax Revenues Through December Were $2.5 Billion Lower Than Last Year
… State tax receipts through the first nine months of the state fiscal year were $2.5 billion lower than last year, but were $1.8 … State tax receipts through the first nine months of the state fiscal year were $25 billion lower than last …
https://www.osc.ny.gov/press/releases/2021/01/dinapoli-tax-revenues-through-december-were-25-billion-lower-last-yearDiNapoli: April Local Sales Tax Collections Up Nearly 46 Percent From 2020
… Local government sales tax collections in April grew by 45.7 percent over the same month in 2020, State Comptroller Thomas P. DiNapoli announced … million from April of last year. “The strong collections in April show that the economy is gaining steam, thanks in …
https://www.osc.ny.gov/press/releases/2021/05/dinapoli-april-local-sales-tax-collections-nearly-46-percent-2020DiNapoli: Local Sales Tax Collections in August Grew More Than 15 Percent
… Local government sales tax collections in August were 15.5% higher than they were during the same period in 2020, making it the fifth consecutive month that collections exceeded 2020 results, State Comptroller Thomas P. DiNapoli announced today. Statewide, …
https://www.osc.ny.gov/press/releases/2021/09/dinapoli-local-sales-tax-collections-august-grew-more-15-percentDiNapoli and Heather Briccetti Mulligan Op-Ed: NY's Tax Base Dips with Population
… tax base dips with population For several years leading up to the COVID pandemic, New York State was experiencing … of keeping New York an attractive and affordable place to live and do business. Between July 2020 and July 2023, New … (SIFMA), and the New York Bankers Association (NYBA) to produce a report that showed outmigration has also …
https://www.osc.ny.gov/press/releases/2024/03/dinapoli-and-heather-briccetti-mulligan-op-ed-nys-tax-base-dips-populationOpinion 99-16
… to indemnify custodial bank) GENERAL MUNICIPAL LAW, §10: A town may enter into a custodial agreement under which the … depository bank has requested that the town execute the model security and custodial agreements prepared by the … and Procedures, Appendix E). Paragraph 6(a) of this model custodial agreement provides that the local government …
https://www.osc.ny.gov/legal-opinions/opinion-99-16Opinion 95-28
… This opinion represents the views of the Office of the State Comptroller at the time it was rendered. The opinion … subsequent court cases or statutory amendments that bear on the issues discussed in the opinion. MUNICIPAL FUNDS -- … In addition, except to the extent restricted by the State Legislature, local governments may adopt local laws, …
https://www.osc.ny.gov/legal-opinions/opinion-95-28DiNapoli: Local Sales Tax Collections Up Over 12% in Second Quarter of 2022
… totaled more than $5.5 billion in the second quarter of 2022 (April-June), an increase of 12.2% or nearly $604 … experienced second quarter declines, their first half of 2022 was still quite strong. In total, these collections … totaled more than $55 billion in the second quarter of 2022 AprilJune an increase of 122 or nearly $604 million …
https://www.osc.ny.gov/press/releases/2022/07/dinapoli-local-sales-tax-collections-over-12-second-quarter-2022Member Contributions – Legacy Reporting
… credit, where applicable; Contributions mandated by the Coordinated-Escalator (CO-ESC) Retirement Plan for Tier 3 members (RSSL Article 14); the Coordinated Retirement Plan for Tier 4 and 5 members … PFRS members (RSSL Article 22). Contributions mandated by the Coordinated Retirement Plan for Tier 6 members (RSSL …
https://www.osc.ny.gov/retirement/employers/legacy-reporting/member-contributionsState Agencies Bulletin No. 2353
… Tuition Reimbursement and Certification and Licensure Exam Fee Reimbursement (CLEFR) through PayServ. Affected … has received the full non-taxable amount. CLE Cert Lic Exam Fee Reimburse This taxable CLEFR reimbursement will be … Tuition Reimbursement and Certification and Licensure Exam Fee Reimbursement CLEFR through PayServ …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2353-new-earn-codes-tuition-reimbursement-and-certification-and-licensure