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New York’s Economy and Finances in the COVID-19 Era
… measure of the impact of lost jobs. 53% of New York adults age 18 and over live in households that have lost employment … State's Budget The State’s General Fund balance was $6.4 billion as of July 3. Cash on hand has been bolstered by … Relief Fund established by Congress, as well as $4.5 billion in short-term borrowing that is expected to be …
https://www.osc.ny.gov/reports/covid-19-july-9-2020New York’s Economy and Finances in the COVID-19 Era
… Latest Updates The State Comptroller’s office is committed to keeping New Yorkers regularly updated on the state’s economy and finances. Subscribe to get the latest update. Subscribe Read Prior Editions … in the size of the workforce may indicate that individuals have ceased searching for a job actively. New York also led …
https://www.osc.ny.gov/reports/covid-19-october-28-2020DiNapoli: Wall St. Profits Soared in First Half of 2020
… of industry employees were White, 22 percent were Asian American, 9 percent were Hispanic and 7 percent were African American (based on most recently available 2019 data). …
https://www.osc.ny.gov/press/releases/2020/10/dinapoli-wall-st-profits-soared-first-half-2020New York’s Economy and Finances in the COVID-19 Era
… pandemic was just starting to hit New York. This decline does not reflect dramatic improvement in the economy. The …
https://www.osc.ny.gov/reports/covid-19-january-21-2021DiNapoli: Paycheck Protection Program in NYC Stumbled, but Finding Footing
… Thomas P. DiNapoli. “The PPP was meant to be a lifeline for struggling small businesses, but it has proven difficult … Although they lagged in participation, the average loan size to city businesses was $143,500, higher than the … share of wages covered, and had the smallest average loan size of any industry sector at $73,200. Phase Three: Further …
https://www.osc.ny.gov/press/releases/2021/02/dinapoli-paycheck-protection-program-nyc-stumbled-finding-footingNew York’s Economy and Finances in the COVID-19 Era
… of the State were nearly identical — but those numbers have since diverged sharply. As shown in the chart below, the … Jobs figures in thousands. In New York City, job losses have been especially severe for workers in sectors with lower … the outlook for State tax revenues has improved somewhat, any shortfall in anticipated federal assistance would drive …
https://www.osc.ny.gov/reports/covid-19-february-3-2021New York’s Economy and Finances in the COVID-19 Era
… Subscribe for Latest Updates The State Comptroller’s Office is … provides figures on average balances and delinquency rates for student loan borrowers in New York and other states. … and other federal benefits, among other relief measures for borrowers. Executive action extended these emergency …
https://www.osc.ny.gov/reports/covid-19-january-7-2021New York’s Economy and Finances in the COVID-19 Era
… Area September 2020 Total Jobs Change from February Number Percentage Albany-Schenectady-Troy 433.1 (41.8) -8.8% …
https://www.osc.ny.gov/reports/covid-19-november-12-2020New York’s Economy and Finances in the COVID-19 Era
… Economic Trends Total New York Wages Fell $12.5 Billion in Second Quarter In the second quarter of 2020, total wages paid in New York State declined by $12.5 … Black and Hispanic/Latino households, and higher among women than men, as shown below. While food scarcity was an …
https://www.osc.ny.gov/reports/covid-19-december-16-2020New York’s Economy and Finances in the COVID-19 Era
… Trust Fund (UTF) to meet the extraordinarily high number of claims in the State. The State’s outstanding …
https://www.osc.ny.gov/reports/covid-19-december-2-2020Compliance With the Safe Schools Against Violence in Education Act
… 16, 2014. Background The Safe Schools Against Violence in Education Act (SAVE Act) was enacted in July 2000 to address the need to provide a safe learning environment for New York’s students in pre-kindergarten through 12th grade. To comply with the …
https://www.osc.ny.gov/state-agencies/audits/2015/01/13/compliance-safe-schools-against-violence-education-actDiNapoli: Franklin School District Saves $826,000 in Health Care Costs
… to the new carrier, Franklin CSD saved a total of $543,000 from 2013 through 2015. During the same time period, the …
https://www.osc.ny.gov/press/releases/2016/04/dinapoli-franklin-school-district-saves-826000-health-care-costsDiNapoli: Local Sales Tax Collections Up 1.6% in First Quarter
… from the effects of the pandemic, in terms of the number of visitors and the economic activity being generated. …
https://www.osc.ny.gov/press/releases/2024/04/dinapoli-local-sales-tax-collections-16-first-quarterDiNapoli: State Could Face Tough Fiscal Decisions in Year Ahead
… The State Fiscal Year (SFY) 2017-18 Enacted Budget increases … other programs, but authorizes more than $10.5 billion in new state debt and allows billions of dollars in lump sum … acted on critical budget issues that will help New York move forward. However, billions of dollars in spending …
https://www.osc.ny.gov/press/releases/2017/05/dinapoli-state-could-face-tough-fiscal-decisions-year-aheadDiNapoli: Local Sales Tax Collections Up 1.4% in Third Quarter
… growth, local officials should temper their expectations for future sales tax revenues.” Local sales tax collections … the state. Aggregate growth in third quarter collections for the counties and cities in the rest of the state was …
https://www.osc.ny.gov/press/releases/2024/10/dinapoli-local-sales-tax-collections-up-1-point-4-percent-third-quarterTransparency and Accountability of Fiscal Activities in Villages (2024-MS-2)
… Summary New York State (NYS) has 532 villages ranging in size from fewer than 50 residents with a budget of … annual budget to provide those services. Village officials in NYS should be transparent and accountable, by making … that do not file their required AFR has grown from six in 2019 to 76 in 2023, a concerning trend. We reviewed 2 the …
https://www.osc.ny.gov/local-government/audits/statewide-audit/2024/12/20/transparency-and-accountability-fiscal-activities-villages-2024-ms-2DiNapoli Report Examines Broadband Availability, Access and Affordability in NYC
… across the city, too many households still don’t have a subscription. Many of New York City’s lowest income … 2013. As the pandemic subsided, however, individuals may have resumed leveraging broaband via institutional access … 2023 included a 5.7% share with no internet connection of any type, a significantly lower proportion than the 2019 …
https://www.osc.ny.gov/press/releases/2024/12/dinapoli-report-examines-broadband-availability-access-and-affordability-nycThe Condition of Locally Owned Bridges in New York State
… (OSC) has developed an interactive map (see below) to accompany the report, The Condition of Locally Owned Bridges in New York State . The map allows viewers to explore data about bridges in New York by owner type and … York State Comptroller has developed an interactive map to accompany the report The Condition of Locally Owned …
https://www.osc.ny.gov/local-government/condition-locally-owned-bridges-new-york-stateDiNapoli: Local Sales Tax Collections Up 2.2% in Second Quarter
… government sales tax collections totaled $5.83 billion in the second calendar quarter (April-June) of 2024, an … all other regions of the state also saw increases. “Growth in local sales tax collections has moderated, as both … to local sales tax growth, and its moderate increase in collections reflects in part a tourism industry that …
https://www.osc.ny.gov/press/releases/2024/07/dinapoli-local-sales-tax-collections-22-second-quarterDiNapoli: New York Sees Improvement in Condition of Local Bridges
… counties had two each. Schenectady County had the fewest number of local bridges overall and was the only county that …
https://www.osc.ny.gov/press/releases/2024/07/dinapoli-new-york-sees-improvement-condition-local-bridges