Search
New York’s Economy and Finances in the COVID-19 Era
… 1.8 million jobs in July. July employment figures for states, including those for New York, are scheduled to be reported by the Bureau of Labor Statistics later this week. Initial unemployment claims have …
https://www.osc.ny.gov/reports/covid-19-august-19-2020DiNapoli: Local Sales Tax Collections Drop 8.2 Percent in July
… Sales tax revenue for local governments in July fell 8.2 percent compared to the same period last … Thomas P. DiNapoli. Collections for counties and cities in July totaled $1.3 billion, or $116 million less than in July 2019. Although revenue is still down compared to July …
https://www.osc.ny.gov/press/releases/2020/08/dinapoli-local-sales-tax-collections-drop-82-percent-julyNew York’s Economy and Finances in the COVID-19 Era
… Trends New York State Ranks Second Nationally in Jobs Lost While all states have lost employment since the COVID-19 pandemic struck earlier …
https://www.osc.ny.gov/reports/covid-19-october-14-2020New York’s Economy and Finances in the COVID-19 Era
… Subscribe for Latest Updates The State Comptroller’s office is committed to keeping New Yorkers regularly updated on the … in September job gains, at 109,300. Again, the picture is complex; at the same time, the number of employed people … $4.4 billion in proceeds from short-term borrowing that is anticipated to be repaid before the end of the fiscal …
https://www.osc.ny.gov/reports/covid-19-october-28-2020New York’s Economy and Finances in the COVID-19 Era
… additional capital in the next six months, while more than 17 percent believe they will need to identify and hire new …
https://www.osc.ny.gov/reports/covid-19-december-2-2020DiNapoli: Ex-Lake George Watershed Coalition Director Convicted in Grant Scheme
… the Lake George Watershed Coalition, was convicted today in Warren County Court of two counts of Grand Larceny in the Second Degree, Scheme to Defraud in the First Degree and related false filing charges, related …
https://www.osc.ny.gov/press/releases/2020/03/dinapoli-ex-lake-george-watershed-coalition-director-convicted-grant-schemeDiNapoli, James and Garnett Announce Sentencing in Straw Donation Scheme
… executive Anna Mendez for the misuse of nonprofit funds to fund straw political donations to former New York City Council candidate Albert Alvarez. On … in New York County Supreme Court, Mendez was sentenced to 5 years’ probation. "Our electoral process is jeopardized …
https://www.osc.ny.gov/press/releases/2020/02/dinapoli-james-and-garnett-announce-sentencing-straw-donation-schemeNew York’s Economy and Finances in the COVID-19 Era
… Big Declines New York City lost more than 937,000 jobs, 20 percent of its previous total, from February through May. …
https://www.osc.ny.gov/reports/covid-19-july-9-2020NYC Surplus Projected to Reach $550 Million in FY 2020
… New York City now projects a surplus of $550 million in fiscal year 2020, reflecting … the city should continue to increase its reserves and look for opportunities for savings.” The city intends to transfer … certain expenses, which would reduce the projected FY 2021 budget gap to $3 billion. Even though the city introduced a …
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
… Objective To determine whether the costs reported by Minds in Motion, Inc. (MIM) on its … the Reimbursable Cost Manual (RCM). We audited the costs that MIM reported on its CFR for the fiscal year ended … rates are based on financial information, including costs, that MIM reports to SED on its annual CFR. To be …
https://www.osc.ny.gov/state-agencies/audits/2019/12/31/minds-motion-inc-compliance-reimbursable-cost-manualCompliance With Executive Order 88 – Energy Efficiency in State Buildings
… effectively meet its contributions toward Executive Order 88 (EO 88) and complied with EO 88 Guidelines. The audit covered the period from April 1, 2014 through October 17, 2019. About the Program EO 88, … of all covered agencies and authorities by April 1, 2020. Key Findings Generally, DOCCS has developed targets …
https://www.osc.ny.gov/state-agencies/audits/2020/01/30/compliance-executive-order-88-energy-efficiency-state-buildingsDiNapoli: Former Riverside Village Clerk Pleads Guilty in $50,000 Theft
… unpunished.” Johnson’s misdeeds were detailed through an audit and investigation by the State Comptroller’s office. … because the village gave Johnson complete control of the payroll and other finances with no board oversight. DiNapoli … Fraud Hotline at 1-888-672-4555, by filing a complaint online at [email protected] , or by mailing a …
https://www.osc.ny.gov/press/releases/2015/03/dinapoli-former-riverside-village-clerk-pleads-guilty-50000-theftDiNapoli: Local Sales Tax Collections Up 20% in Third Quarter
… York City totaled $2.1 billion in the third quarter, an increase of nearly 28% compared to the same period in 2020. … restaurants and bars (34%). Increased costs for goods also increase sales tax collections, and the price of consumer …
https://www.osc.ny.gov/press/releases/2021/10/dinapoli-local-sales-tax-collections-20-third-quarterDiNapoli: NYS Pension Fund Announces $400 Million in Sustainable Investments
… creates opportunities for the state pension fund to invest in the companies and funds that are best positioned for the … we announced today aim to take advantage of the growth in climate investing and to strengthen our portfolio for the … a European investment fund that will focus on investments in renewable assets including onshore and offshore wind and …
https://www.osc.ny.gov/press/releases/2021/04/dinapoli-nys-pension-fund-announces-400-million-sustainable-investmentsNew York’s Economy and Finances in the COVID-19 Era
… 2.8 million adult New Yorkers found it “very difficult” to pay normal household expenses in mid-December, the highest …
https://www.osc.ny.gov/reports/covid-19-january-21-2021DiNapoli: Tax Revenues in February $758 Million Over Budget Projections
… through February were $758.4 million higher than forecast in the most recent Division of the Budget (DOB) update to the … DiNapoli said. “While these resources will be helpful in the state’s ongoing recovery effort, it is important to … and think long-term, as challenges remain.” Tax revenues in the month of February totaled $7 billion, $1.8 billion …
https://www.osc.ny.gov/press/releases/2021/03/dinapoli-tax-revenues-february-758-million-over-budget-projectionsDiNapoli: Paycheck Protection Program in NYC Stumbled, but Finding Footing
… applying. The PPP initially required that 75 percent of loan funds be used to cover payroll costs (later lowered to 60 percent) in order to qualify for loan forgiveness. For smaller family-run businesses, payroll … from customers with existing accounts. While most PPP loan records did not contain information on the race and …
https://www.osc.ny.gov/press/releases/2021/02/dinapoli-paycheck-protection-program-nyc-stumbled-finding-footingDiNapoli: State Tax Receipts Exceeded Updated Projections in First Quarter
… better than the Division of the Budget’s current estimates for the first quarter, but the economy is sending mixed … economic conditions and what it means short- and long-term for our state’s finances.” Personal income tax (PIT) receipts … which was $9 billion, or 18.3%, higher than last year for the same period, largely reflecting higher Medicaid …
https://www.osc.ny.gov/press/releases/2023/07/dinapoli-state-tax-receipts-exceeded-updated-projections-first-quarterDiNapoli: Local Sales Tax Collections Grew by 14% in October
… Local sales tax collections in New York state increased by 14.1% in October compared to the same month in 2021, according to … in the gas tax holiday,” DiNapoli said. “However, as inflation continues to increase costs for many …
https://www.osc.ny.gov/press/releases/2022/11/dinapoli-local-sales-tax-collections-grew-14-octoberOversight 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 report Oversight of Resident Care-Related … (Report 2016-S-80 ). About the Program The objective of our initial audit report, issued on September 19, 2018, was …
https://www.osc.ny.gov/state-agencies/audits/2019/11/18/oversight-resident-care-related-medical-equipment-nursing-homes-follow