Search
State Audits Issued in the Last 60 Days
… View state audits issued in the last 60 days …
https://www.osc.ny.gov/state-agencies/audits/new-releasesUpdate on New York’s Unemployment Insurance Trust Fund: Challenges Continue
… of the safety net, and are financed with federal and state payroll taxes collected from employers. As detailed by the … on employers. State UI tax rates vary based on employers’ payroll, UI benefits paid to former employees and the size of …
https://www.osc.ny.gov/reports/update-new-yorks-unemployment-insurance-trust-fund-challenges-continueNew York’s Economy and Finances in the COVID-19 Era
… drop in revenues and the delay of billions of dollars in tax receipts due to the deferral of the tax filing deadline from April 15 to July 15. Additional …
https://www.osc.ny.gov/reports/covid-19-july-9-2020New York One of Only Seven States to Owe Money to Federal Unemployment Trust Fund
… payments to the federal Unemployment Trust Fund (UTF), New York is one of only seven states or territories with … the federal government beginning in May 2020. If New York’s outstanding balance is not fully repaid by November 10, …
https://www.osc.ny.gov/press/releases/2022/06/new-york-one-only-seven-states-owe-money-federal-unemployment-trust-fundNew York’s Economy and Finances in the COVID-19 Era (May 13, 2021)
… intended to offer support to individuals, businesses, and state and local governments. Three of these laws, the … signed in March 2021, authorized economic impact payments for individuals and families. These payments, sometimes … (or 5.8 percent) was received by New York residents, accounting for 1.6 percent of New Yorkers’ personal income in …
https://www.osc.ny.gov/reports/new-yorks-economy-and-finances-covid-19-era-may-13-2021New York’s Economy and Finances in the COVID-19 Era
… Subscribe for Latest Updates The State Comptroller’s office is … updated on the state’s economy and finances. Subscribe to get the latest update. Subscribe Read Prior Editions … million jobs since April 1996. The COVID-19 pandemic dealt a body blow to the State’s economy, with combined losses in …
https://www.osc.ny.gov/reports/covid-19-august-19-2020States' Balance of Payments with the Federal Government: Fiscal Year 2018 - Interactive Map
… … Federal Spending Received Minus Taxes Paid …
https://www.osc.ny.gov/reports/budget/states-balance-payments-federal-government-fiscal-year-2018-interactive-mapDiNapoli Releases Analysis of State Budget Financial and Capital Plans
… The state’s fiscal year (SFY) 2019-20 Enacted Budget Financial Plan … SFY 2019-20 is up $6.2 billion from SFY 2018-19. “While New York’s economy continues to expand, gains in jobs, personal …
https://www.osc.ny.gov/press/releases/2019/07/dinapoli-releases-analysis-state-budget-financial-and-capital-plansImplications for the Future – 2023 Financial Condition Report
… Federal Reserve Bank actions, and global uncertainty. In New York, lagging employment and labor force recovery relative to … shutdowns, other large states and most of New York’s neighboring states have returned to pre-pandemic employment …
https://www.osc.ny.gov/reports/finance/2023-fcr/implications-futureDiNapoli: New Yorkers Could Lose $72B in Reported State and Local Tax Deductions Under Trump Plan
… stand to lose more than $72 billion in reported deductions for income and property taxes if proposals to change the … are implemented, according to a report issued today by State Comptroller Thomas P. DiNapoli. "New Yorkers lose … contracts, visit Open Book New York . The easy-to-use website was created by DiNapoli to promote transparency in …
https://www.osc.ny.gov/press/releases/2017/10/dinapoli-new-yorkers-could-lose-72b-reported-state-and-local-tax-deductions-under-trump-planDiNapoli: Federal Data Shows New York's Losses in Fourth Grade Math and Reading Scores Are Double National Average
… School Relief Fund (ESSER) assistance. This aid was aimed at elementary and secondary schools and must be obligated by … was steepest for Asian and Pacific Islander students, at 14 percentage points. Students from low-income households … Recovery Track state and local government spending at Open Book New York . Under State Comptroller DiNapoli’s …
https://www.osc.ny.gov/press/releases/2023/03/dinapoli-federal-data-shows-new-yorks-losses-fourth-grade-math-and-reading-scores-are-double-nationalDiNapoli: Halfway Through the Year, Revenue Hole Persists
… Halfway through the state’s fiscal year, state tax receipts are trailing last year by … according to the September State Cash Report released by New York State Comptroller Thomas P. DiNapoli. “COVID-19 had a …
https://www.osc.ny.gov/press/releases/2020/10/dinapoli-halfway-through-year-revenue-hole-persistsDiNapoli Op-Ed in Newsday Urges Washington to Help Governments Hurt by COVID-19
… cash needs to come from Washington. As the crisis erupted in New York and across America, we went from the longest expansion in history to an economic freefall in a matter of weeks. Job losses have been swift and massive, …
https://www.osc.ny.gov/press/releases/2020/04/dinapoli-op-ed-newsday-urges-washington-help-governments-hurt-covid-19DiNapoli Op-Ed in Crain's New York Business
… on the need for greater transparency and accountability in budgeting for the use of federal relief funds. The full … received more money than they sent to Washington, D.C., in taxes in federal fiscal year 2020. It was true even for New York, …
https://www.osc.ny.gov/press/releases/2022/04/dinapoli-op-ed-crains-new-york-businessImplications for the Future – 2022 Financial Condition Report
… the trajectory and pace of the economic recovery and tax revenues and resource levels available to support … care programs. At the beginning of the COVID-19 pandemic, tax receipts fell sharply, and the Division of the Budget … and DOB had to rely on other budget actions, including withholding payments and raising taxes to keep the budget in …
https://www.osc.ny.gov/reports/finance/2022-fcr/implications-futureNew York’s Economy and Finances in the COVID-19 Era (July 1, 2021)
… Income and Earnings Returned to Pre-Pandemic Levels in New York? Recently released data from the U.S. Bureau of Economic Analysis show personal income in New …
https://www.osc.ny.gov/reports/new-yorks-economy-and-finances-covid-19-era-july-1-2021New York’s Economy and Finances in the COVID-19 Era
… February, including declines of more than 9,500 in Monroe County and more than 1,800 in Broome County. Reasons for significant increases in some counties … -5.3% Dutchess 16,978 (588) -3.3% Erie 143,540 4,388 3.2% Essex 2,967 (132) -4.3% Franklin 6,274 (373) -5.6% Fulton …
https://www.osc.ny.gov/reports/covid-19-december-16-2020DiNapoli Warns of ‘Triple Threat’ of Fiscal Risks
… State tax collections totaled $36.1 billion through the first half … largely because of lower than expected personal income tax collections, according to a report released today by State Comptroller Thomas P. DiNapoli. Tax collections through the first six months declined 2.1 …
https://www.osc.ny.gov/press/releases/2017/10/dinapoli-warns-triple-threat-fiscal-risksDiNapoli Releases Analysis of State Budget Financial and Capital Plans
… ended the last year with the largest General Fund balance in recent years, but continues to face real fiscal … add to our reserves, leaving the state with little cushion in the event of an economic downturn." The $170.3 billion … of the $9.4 billion General Fund balance from SFY 2017-18 in the current fiscal year, and that General Fund reserves …
https://www.osc.ny.gov/press/releases/2018/07/dinapoli-releases-analysis-state-budget-financial-and-capital-plansOpen Book New York
… Chief Financial Officer, Comptroller DiNapoli believes New Yorkers deserve to know how their tax dollars are spent. … spending priorities using the Comptroller's Open Book New York. Also see Additional Financial Information . State …
https://www.osc.ny.gov/open-book-new-york