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DiNapoli: Paycheck Protection Program in NYC Stumbled, but Finding Footing
… loans would generally be available for businesses with 300 employees or less that can demonstrate financial losses. …
https://www.osc.ny.gov/press/releases/2021/02/dinapoli-paycheck-protection-program-nyc-stumbled-finding-footingDiNapoli: Local Sales Tax Collections Grew by 14% in October
… year-over-year growth since May, despite the participation of many counties in the gas tax holiday,” DiNapoli said. … collections totaled almost $789 million, an increase of 17.3% – or $116 million – over October of 2021. Nearly all counties saw some year-over-year growth …
https://www.osc.ny.gov/press/releases/2022/11/dinapoli-local-sales-tax-collections-grew-14-octoberDiNapoli: Local Sales Taxes Jump 49.2 Percent in Second Quarter
… the COVID-19 pandemic,” said DiNapoli. “While this is good news, local leaders are advised to budget carefully. If this …
https://www.osc.ny.gov/press/releases/2021/07/dinapoli-local-sales-taxes-jump-49-point-2-percent-second-quarterDiNapoli: Local Tax Cap Will Be Two Percent in 2022
… federal financial assistance. At the same time, the risk of inflationary cost increases and the need for investments … in 2012, limits annual tax levy increases to the lesser of the rate of inflation or 2% with certain exceptions, including a …
https://www.osc.ny.gov/press/releases/2021/07/dinapoli-local-tax-cap-will-be-two-percent-2022New York’s Economy and Finances in the COVID-19 Era
… State fell in March, and again—much more sharply—in April, with a combined loss of more than 1.9 million jobs. After … COVID-19 pandemic, continues to feel the sharpest loss, with a net decline of 648,000 jobs, nearly 14 percent of its … But the bad news is not confined to downstate regions, with net losses of more than 10 percent also occurring in the …
https://www.osc.ny.gov/reports/covid-19-november-12-2020New 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 state’s economy and finances. Subscribe to get the latest … October 14, 2020 Edition Selected Economic Trends New York State Ranks Second Nationally in Jobs Lost While all states …
https://www.osc.ny.gov/reports/covid-19-october-14-2020New York’s Economy and Finances in the COVID-19 Era
… 28, 2020 Edition Selected Economic Trends Shrinking Labor Force Drives New York State’s Unemployment Rate Below 10% New York State’s unemployment … decline. Unfortunately, a deeper dive into the Bureau of Labor Statistics data reveals troubling context: New York …
https://www.osc.ny.gov/reports/covid-19-october-28-2020DiNapoli: Local Sales Tax Collections Down 7.8 Percent in August
… This drop in revenue is similar to the decline in July of 8.2 percent, though much less extreme than the early months of the pandemic when sales tax collections plummeted by … tax rate increase in 2019 may account for some of its year-over-year growth in August. DiNapoli reported …
https://www.osc.ny.gov/press/releases/2020/09/dinapoli-local-sales-tax-collections-down-78-percent-augustNew York’s Economy and Finances in the COVID-19 Era
… Financial Insecurity for New Yorkers Nearly 30 percent of all New York households expect a loss of employment income within the next four weeks, according to … Bureau’s Household Pulse Survey. Among other indicators of continuing financial struggles, nearly a quarter of New …
https://www.osc.ny.gov/reports/covid-19-september-16-2020New 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 state’s economy and finances. Subscribe to get the latest update. Subscribe … While New York State has regained more than one in four of the jobs it lost in March and April the unprecedented scale …
https://www.osc.ny.gov/reports/covid-19-september-2-2020NYC Surplus Projected to Reach $550 Million in FY 2020
… New York City now projects a surplus of $550 million in fiscal year 2020, … New York City now projects a surplus of $550 million in fiscal year 2020 …
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 Consolidated Fiscal Reports … for-profit special education provider located in Newburgh. MIM provides preschool special education … the fiscal year ended June 30, 2015, MIM reported $571,094 in reimbursable costs for the one rate-based preschool …
https://www.osc.ny.gov/state-agencies/audits/2019/12/31/minds-motion-inc-compliance-reimbursable-cost-manualOversight of Resident Care-Related Medical Equipment in Nursing Homes (Follow-Up)
… if nursing homes perform comprehensive inspections, testing, and maintenance of resident care-related medical … effectively monitor nursing homes’ equipment inspection, testing, and maintenance programs. We also questioned whether … had been exercised under load for four continuous hours every 36 months as required, and 4 facilities were not …
https://www.osc.ny.gov/state-agencies/audits/2019/11/18/oversight-resident-care-related-medical-equipment-nursing-homes-followNew York’s Economy and Finances in the COVID-19 Era
… two months, were: Long Island – 296,000 jobs lost, with 29.4 percent (87,000) recovered through June. Hudson Valley … percent of workers ages 25 to 54 and 30 percent of those age 55 and over. Given that teleworking is inherently … As of 2018, according to American Community Survey data, 4.5 percent of employed New Yorkers aged 16 and over worked …
https://www.osc.ny.gov/reports/covid-19-august-19-2020DiNapoli: Local Sales Tax Collections Drop 8.2 Percent in July
… sales tax collections. Nearly every county in every region of the state saw overall July collections drop year over … Westchester, where its tax rate increase in August of 2019 boosted year-over-year growth. County decreases … downturn in sales tax collections, a major source of revenue. This is going to have a long-lasting effect on …
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
… Budget: Budgeting in a Time of Crisis Subscribe for Latest News and Updates …
https://www.osc.ny.gov/reports/covid-19-august-5-2020New York’s Economy and Finances in the COVID-19 Era
… which includes the General Fund as well as certain other funds, totaled $19.7 billion as of June 30. Major factors …
https://www.osc.ny.gov/reports/covid-19-july-22-2020New 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-9-2020DiNapoli: Ex-Lake George Watershed Coalition Director Convicted in Grant Scheme
… communities he was appointed to serve,” DiNapoli said. “I thank District Attorney Jason Carusone and the New York State Department of Taxation and Finance for their exemplary work and partnership with my office to … bring Decker to justice.” Decker was held without bail and is scheduled to be sentenced on June 11, 2020. …
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
… Mendez for the misuse of nonprofit funds to fund straw political donations to former New York City Council candidate … sentenced for the misuse of nonprofit funds to fund straw political donations …
https://www.osc.ny.gov/press/releases/2020/02/dinapoli-james-and-garnett-announce-sentencing-straw-donation-scheme