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DiNapoli: Local Sales Tax Collections Up 1.6% in February Compared to Last Year
… Local sales tax collections in New York state increased by 1.6% in February compared to the same month in 2023, according to data released today by State … Local sales tax collections in New York state increased by 16 in February compared to the same month in 2023 according to …
https://www.osc.ny.gov/press/releases/2024/03/dinapoli-local-sales-tax-collections-16-february-compared-last-yearDiNapoli: Local Sales Tax Collections Up 3.9% in May Compared to Last Year
… Local sales tax collections in New York state increased by 3.9% in May compared to the same month in 2023, according to data released today by State … Local sales tax collections in New York state increased by 39 in May compared to the same month in 2023 according to data …
https://www.osc.ny.gov/press/releases/2024/06/dinapoli-local-sales-tax-collections-up-39-percent-in-may-compared-last-yearDiNapoli: NYC Tax Collections Expected to Fall for First Time Since Great Recession
… city now forecasts its economy will shrink by 12.9 percent in 2020, according to a report released today by New York … has been the epicenter of the novel coronavirus pandemic in the United States. The economic, social and budgetary … and a recovery that may be slower than anticipated in the city’s latest plan, the city must be prepared to …
https://www.osc.ny.gov/press/releases/2020/05/dinapoli-nyc-tax-collections-expected-fall-first-time-great-recessionDiNapoli: Local Sales Tax Collections Down 3.9 Percent for First Quarter of 2021
… Sales tax revenue for local governments in New York State declined by 3.9 percent in the first quarter compared to the same period last year, … recovery remain uncertain.” This is the fourth quarter in a row that overall collections have dropped statewide … Sales tax revenue for local governments in New York State declined by 39 percent in the first quarter …
https://www.osc.ny.gov/press/releases/2021/04/dinapoli-local-sales-tax-collections-down-3-point-9-percent-first-quarter-2021DiNapoli Releases Bond Calendar for Fourth Quarter
… State of New York – a bond sale of $1 billion in tax - exempt fixed rate bonds for the month of October and a bond sale of $200 million in tax-exempt fixed rate bonds for November. Empire State Development – a bond sale of $1.3 billion in tax - exempt and taxable fixed rate bonds for December. Long Island …
https://www.osc.ny.gov/press/releases/2015/10/dinapoli-releases-bond-calendar-fourth-quarterState Agencies Bulletin No. 1443
… processing of PayServ Job data transactions Background In Payroll Bulletin No. 1366 agencies were notified that OSC … process Social Security/Medicare refunds only , to be paid in the Institution check dated December 24, 2015 and … employees that they will receive the SS/Med Refund (WSM) in the applicable check listed above and that their 2015 W-2 …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1443-end-year-refund-social-security-and-medicare-taxes-withheld-whileRequired Reporting
… Constitutional Tax Limit Foreign Fire Insurance Tax Data Verification (replaces the MA-144) Assessment Roll Verification Employer Retirement Reporting Town and County …
https://www.osc.ny.gov/local-government/required-reportingTown of Centerville – Town Clerk/Tax Collector (2021M-75)
… Town Clerk (Clerk) properly recorded, deposited, remitted and reported collections. Key Findings Although the Clerk recorded, deposited, remitted and reported all tax collections, she did not always record … all real property tax collections, including interest and penalties, to the Supervisor and Treasurer within the …
https://www.osc.ny.gov/local-government/audits/town/2021/08/13/town-centerville-town-clerktax-collector-2021m-75Town of Minden – Budgeting (2014M-366)
… due to the improper allocation of sales tax revenues from 2011-13. Adopt part-town highway fund budgets with …
https://www.osc.ny.gov/local-government/audits/town/2015/05/29/town-minden-budgeting-2014m-366DiNapoli: Wall Street 2022 Bonuses Fell 26% From Previous Year, Return to Pre-Pandemic Levels
… less profits on Wall Street after a record year in 2021. As a result, bonuses returned to pre-pandemic levels, which will mean a decline in related income tax revenue, as anticipated by New York … factors weighed on the securities’ industry profitability in 2022,” DiNapoli said. “A 26% decline brings the average …
https://www.osc.ny.gov/press/releases/2023/03/dinapoli-wall-street-2022-bonuses-fell-26-previous-year-return-pre-pandemic-levelsImplications for the Future – 2021 Financial Condition Report
… March and April 2020, nearly 2 million jobs were lost in New York State and, as of August 2021, only 55 percent of … Funding Federal aid has long played an essential role in the State’s budget and its ability to provide health care, … education, human services and other essential programs. In recent years, for example, new federal funding has helped …
https://www.osc.ny.gov/reports/finance/2021-fcr/implications-futureOpinion 93-2
… Village Law, §9-912 authorizes a village board, on its own motion, to hold a referendum on a proposition to change … election for village officers. A village board, on its own motion, may not hold a referendum on such a proposition … is being submitted to the voters on the village board's own motion. Election Law, §15-104 provides, inter alia , that …
https://www.osc.ny.gov/legal-opinions/opinion-93-2New York’s Economy and Finances in the COVID-19 Era
… City. Among the nearly 1.3 million net jobs the State lost from March through August, more than 320,000 were in … the week ending September 12. While this figure was down from 2.2 million in late May, the highest-ever recorded, it … 36.8 percent, was the third-highest among the states, behind Hawaii and Nevada. The State remained third, behind …
https://www.osc.ny.gov/reports/covid-19-september-30-2020State Agencies Bulletin No. 1968
… card is the amount to be deducted from each paycheck in the calendar year, not the total amount of the pledge. … will be accepted. Enrollment There are two ways to enroll in the 2022 SEFA Campaign: Online Enrollment can be utilized … Employee’s Department ID, Employee’s NYS EMPLID, and Name. Agencies are required to enter 2022 SEFA transactions …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1968-2022-state-employees-federated-appeal-sefa-campaignDiNapoli Releases August Cash Report
… “The state’s cash position has improved further in recent months, largely because of higher than projected … on Wall Street profitability and the recent volatility in financial markets, the revenue outlook for the remainder … increase was primarily due to a nearly 72 percent jump in estate collections so far this year, as well as continued …
https://www.osc.ny.gov/press/releases/2015/09/dinapoli-releases-august-cash-reportDiNapoli: 2023 Wall Street $34 Billion Bonus Pool Relatively Flat Over 2022
… annual estimate. Wall Street’s profits were up 1.8% in 2023, but firms have taken a more cautious approach to … securities industry, which accounts for the slight decline in the average bonus. “Wall Street’s average cash bonuses … should not overshadow the broader economic picture in New York, where we need all sectors to enjoy full recovery …
https://www.osc.ny.gov/press/releases/2024/03/dinapoli-2023-wall-street-34-billion-bonus-pool-relatively-flat-over-2022State Agencies Bulletin No. 286
… Purpose This bulletin updates Payroll Bulletin 201 in relation to the processing and taxation of educational … educational assistance benefits are the same in 2001 as they were last year. In general, job-related educational assistance benefits are … This bulletin updates Payroll Bulletin 201 in relation to the processing and taxation of educational …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/286-educational-assistance-benefitsVillage of Washingtonville – Budget Review (B24-6-1)
… the significant revenue and expenditure projections in the Village of Washingtonville’s (Village’s) 2024-25 … budget were reasonable. Background The Village is located in Orange County. Chapter 206 of the Laws of 2023 (the … million to liquidate the accumulated (actual) deficits in the general fund, water fund, sewer fund and capital …
https://www.osc.ny.gov/local-government/audits/village/2024/01/22/village-washingtonville-budget-review-b24-6-1City of Yonkers – Budget Review (B22-6-5)
… the significant revenue and expenditure projections in the City’s proposed budget for the 2022-23 fiscal year are … not to exceed $45 million to liquidate current deficits in the City School District’s general fund as of June 30, … The significant revenue and expenditure projections in the proposed budget are unreasonable. In addition, …
https://www.osc.ny.gov/local-government/audits/city/2022/05/16/city-yonkers-budget-review-b22-6-5Department of Transportation Bulletin No. DOT-43
… Shift Lump Sum Payment. Affected Employees: Employees in the CSEA Operational Service Unit – BU03 in the Department of Transportation are affected. Background: … a lump sum payment. The Agreement provides for an increase in the payment amount from $400 to $750 in fiscal year …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/transportation/dot-43-fy2023-2024-shift-lump-sum-payment-winter-maintenance-season