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New York’s Economy and Finances in the COVID-19 Era
… Selected Economic Trends Job Losses Are Concentrated in Lower-Paid Sectors Six months into the COVID-19 recession, New Yorkers working in lower-paid sectors continue to suffer a disproportionate … share of job losses statewide and especially in New York City. Among the nearly 1.3 million net jobs the …
https://www.osc.ny.gov/reports/covid-19-september-30-2020DiNapoli: Tax Revenues in February $758 Million Over Budget Projections
… totaled $75 billion through the end of February. “There is reason to be cautiously optimistic with … will be helpful in the state’s ongoing recovery effort, it is important to use them responsibly and think long-term, as … $8.7 billion, or 10.1 percent, lower than last year. This is largely due to higher federal reimbursement for Medicaid …
https://www.osc.ny.gov/press/releases/2021/03/dinapoli-tax-revenues-february-758-million-over-budget-projectionsNew York’s Economy and Finances in the COVID-19 Era
… Jobs Recovery Varies Across New York Total employment in New York State fell in March, and again—much more sharply—in April, with a combined loss of more than 1.9 million jobs. … Total employment in New York State fell in March and again much more sharply in April with a combined …
https://www.osc.ny.gov/reports/covid-19-november-12-2020New York’s Economy and Finances in the COVID-19 Era
… Economic Trends New York State Ranks Second Nationally in Jobs Lost While all states have lost employment since the … earlier this year, New York surpasses almost every other in both number and percentage of job losses. From February … August 2020, the Empire State ranks second to Hawaii in percentage of employment decline and second only to …
https://www.osc.ny.gov/reports/covid-19-october-14-2020New York’s Economy and Finances in the COVID-19 Era
… New York State’s unemployment rate dropped to 9.7 percent in September, marking the first time the rate has been below … COVID-19 pandemic. The 2.8 percentage point improvement in the unemployment rate was the second largest among all states, as shown in the map below. New Jersey led the nation with a 4.4 …
https://www.osc.ny.gov/reports/covid-19-october-28-2020New York’s Economy and Finances in the COVID-19 Era
… will happen to their household within the next two months. In addition, one-third said that it has been somewhat … canceled or changed significantly. Layoffs and Discharges in the Northeast Are at Pre-Pandemic Levels New data from the … of Labor Statistics (BLS) highlight the ongoing churn in employment during the COVID-19 era. The Northeast Region …
https://www.osc.ny.gov/reports/covid-19-september-16-2020NYC Surplus Projected to Reach $550 Million in FY 2020
… New York City now projects a surplus of $550 million in fiscal year 2020, reflecting stronger-than-expected … DiNapoli said. “The risk of a recession has eased in the near term, but the city should continue to increase … out-year gaps have grown slightly, to nearly $3 billion in FY 2022 and $3.2 billion in FY 2023. Despite concerns that …
https://www.osc.ny.gov/press/releases/2019/12/nyc-surplus-projected-reach-550-million-fy-2020New York’s Economy and Finances in the COVID-19 Era
… count hit an all-time high of more than 9.8 million in February, reflecting net gains of nearly 2 million jobs … a body blow to the State’s economy, with combined losses in March and April wiping out 24 years of job growth, as shown in the chart below. The April decline of more than 1.9 …
https://www.osc.ny.gov/reports/covid-19-august-19-2020DiNapoli: Local Sales Tax Collections Drop 8.2 Percent in July
… or $116 million less than in July 2019. Although revenue is still down compared to July 2019, the decline is less steep than any month since March, when the COVID-19 … in sales tax collections, a major source of revenue. This is going to have a long-lasting effect on revenues for …
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
… of New York State small businesses received assistance in recent months through the federal government’s Paycheck … survey data for the week ending June 27. $38.2 billion in PPP loans were approved for New York applicants through … provide guidance to lenders about prioritizing borrowers in underserved and rural markets, those borrowers, including …
https://www.osc.ny.gov/reports/covid-19-august-5-2020New York’s Economy and Finances in the COVID-19 Era
… billion from March 1 through July 17, with steep increases in payments following the onset of the pandemic. In the most recent weeks for which data are available, … during the first half of July added $5.7 billion to those in the preceding months shown in the nearby chart. By …
https://www.osc.ny.gov/reports/covid-19-july-22-2020New York’s Economy and Finances in the COVID-19 Era
… of lost jobs. 53% of New York adults age 18 and over live in households that have lost employment income since … Data For example, while 10 percent of all U.S. adults live in households reporting not having enough to eat in the … In the wake of COVID19 more than half of adult New Yorkers live in households that have lost employment income …
https://www.osc.ny.gov/reports/covid-19-july-9-2020DiNapoli: Ex-Lake George Watershed Coalition Director Convicted in Grant Scheme
… David Decker, former director of the Lake George Watershed Coalition, was convicted today in Warren … grant funds meant to improve the area surrounding Lake George, according to New York State Comptroller Thomas P. … David Decker former director of the Lake George Watershed Coalition was convicted in Warren County …
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
… to Alvarez. Gonzalez also distributed contribution cards to these employees, which he had them falsely make out … Alvarez then collected the money and false contribution cards. Even though he knew the contribution cards were false, Alvarez submitted them to the New York City …
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
… Edition Selected Economic Trends Statewide, 28% of Lost Jobs Have Been Regained Through July; in NYC, 17% While New York State has regained more than one in four of the jobs it lost in March and April, the unprecedented scale of … and April. Through July, the State had regained 548,000 jobs, or 28 percent, as shown below. The COVID-19 recession …
https://www.osc.ny.gov/reports/covid-19-september-2-2020Compliance With the Safe Schools Against Violence in Education Act
… for New York’s students in pre-kindergarten through 12th grade. To comply with the SAVE Act, the Department …
https://www.osc.ny.gov/state-agencies/audits/2015/01/13/compliance-safe-schools-against-violence-education-actMinds in Motion, Inc. – Compliance With the Reimbursable Cost Manual
… Objective To determine whether the costs reported by Minds in Motion, … MIM provides preschool special education services to children with disabilities who are between three and four … financial information, including costs, that MIM reports to SED on its annual CFR. To be eligible for reimbursement, …
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
… Objectives To determine if the Department of Corrections and Community … Supervision (DOCCS) has developed targets and plans to effectively meet its contributions toward Executive Order … To determine if the Department of Corrections and Community …
https://www.osc.ny.gov/state-agencies/audits/2020/01/30/compliance-executive-order-88-energy-efficiency-state-buildingsMedicaid Program – Improper Medicaid Payments for Recipients in Hospice Care
… medical social services, drugs for symptom control and pain relief, counseling, and physical and occupational …
https://www.osc.ny.gov/state-agencies/audits/2018/12/11/medicaid-program-improper-medicaid-payments-recipients-hospice-careOversight 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 Medical Equipment in Nursing Homes … To determine the extent of implementation of the three recommendations included in …
https://www.osc.ny.gov/state-agencies/audits/2019/11/18/oversight-resident-care-related-medical-equipment-nursing-homes-follow