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Update on New York’s Unemployment Insurance Trust Fund: Challenges Continue
The devastating job losses caused by the COVID-19 pandemic led to a record number of unemployment insurance (UI) claims in New York, necessitating borrowing from the federal government beginning in May 2020.
https://www.osc.ny.gov/files/reports/pdf/update-unemployment-insurance-trust-fund.pdfDiNapoli: State Tax Revenues Down $767 Million in May
… said. “We are now clearly seeing the recession’s impact on tax receipts. As we continue to slowly re-open the economy, it’s critical that Washington act on our call for more federal aid.” Other items of note in the …
https://www.osc.ny.gov/press/releases/2020/06/dinapoli-state-tax-revenues-down-767-million-mayDiNapoli: Shift in MTA's Paratransit Program Generates Cost Savings
… services for people with disabilities have declined in recent years, in part due to the MTA’s move to alternative transit services that provided $102.7 million in savings in 2022, according to a report released today by …
https://www.osc.ny.gov/press/releases/2023/11/dinapoli-shift-mtas-paratransit-program-generates-cost-savingsDiNapoli Announces $15 Million Investment in Northern Ireland
… investment strategy. This partnership will benefit our pension fund and Northern Ireland in the years to come.” “I … the largest ever investment here by a major international pension fund, a real endorsement of the maturing economic … Over the past 20 years, 80 percent of the cost of benefit payments has been funded by investment returns. The Fund’s …
https://www.osc.ny.gov/press/releases/2014/03/dinapoli-announces-15-million-investment-northern-irelandComptroller DiNapoli Statement on Reports Trump Administration Will Withdraw From Paris Agreement
… marketplace where reason still reigns. The transition to a lower carbon future is underway; it is inevitable; and … If news reports are accurate, the administration's plan to withdraw from the Paris Agreement means that the U.S. will … discussions, I witnessed firsthand the fierce commitment to proactively addressing climate change and saving our …
https://www.osc.ny.gov/press/releases/2017/05/comptroller-dinapoli-statement-reports-trump-administration-will-withdraw-paris-agreementNew York State Comptroller DiNapoli Statement on Win at SEC
… said: "We are delighted that shareholders will have the opportunity to confirm that they would like ongoing …
https://www.osc.ny.gov/press/releases/2016/03/new-york-state-comptroller-dinapoli-statement-win-secNew York State Comptroller DiNapoli: Wall Street Bonuses and Profits Up Slightly in 2019, but Facing Sharp Fall in 2020
… The average bonus paid to employees in New York City’s securities industry increased by 3 percent in 2019 to …
https://www.osc.ny.gov/press/releases/2020/03/new-york-state-comptroller-dinapoli-wall-street-bonuses-and-profits-slightly-2019-facing-sharp-fallFirst Half of 2018: Highest Growth in Local Sales Tax Collections in Almost Eight Years
First Half of 2018: Highest Growth in Local Sales Tax Collections in Almost Eight Years
https://www.osc.ny.gov/files/local-government/publications/pdf/first-half-2018-local-sales-tax-collections.pdfGrowth in Local Sales Tax Collections Remains Strong in 2019 Due to Robust Second Half
Local sales tax collections in New York State totaled $18.3 billion in 2019 for a year-over-year increase of 4.7 percent.
https://www.osc.ny.gov/files/local-government/publications/pdf/growth-in-local-sales-tax-collections-second-half-2019.pdfSUNY Tuition: Low Out-of-State Tuition Results in Millions of Dollars in Lost Revenue, September 2009
The State University of New York (SUNY) system represents an excellent value to its many students, regardless of resident status.
https://www.osc.ny.gov/files/reports/special-topics/pdf/education-suny-tuition-2009.pdfDiNapoli: Former Treasurer Arrested in Village of Millport Theft
… 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/2017/09/dinapoli-former-treasurer-arrested-village-millport-theftDiNapoli's Auditors Halt $24.2 Million in Suspicious Tax Refunds
… DiNapoli announced today his office stopped $24.2 million in questionable or fraudulent personal income tax refunds payments so far in 2018. "Tax cheats are continuously looking for new ways to … out 4.9 million state tax refunds totaling $4.8 billion in 2018. Another 140,000 refunds totaling $160.1 million are …
https://www.osc.ny.gov/press/releases/2018/04/dinapolis-auditors-halt-242-million-suspicious-tax-refundsDiNapoli: Tax Cap Remains Below One Percent in 2017
… towns, fire districts, 44 cities and 10 villages. "In what is becoming the norm, New York’s local governments … cap, which first applied to local governments beginning in 2012, limits tax levy increases to the lesser of the rate … the tax cap. The 2017 fiscal year is the fourth year in a row that local governments have had their levy growth …
https://www.osc.ny.gov/press/releases/2016/07/dinapoli-tax-cap-remains-below-one-percent-2017DiNapoli: Surge in Tourism Bolsters NYC Hotel Industry
… The number of hotel rooms in New York City increased by 48 percent between 2006 and 2015, … flourishing. A record number of tourists have flocked to New York City, fueling the creation of well-paying …
https://www.osc.ny.gov/press/releases/2016/06/dinapoli-surge-tourism-bolsters-nyc-hotel-industryDiNapoli: Number of Domestic Violence Victims Rises in 2022
… The number of domestic violence victims increased in 2022 by 8.5% in New York City and 8.7% in the rest of New York state when compared to 2019, according to an … and 49,598 in the rest of the state (an increase of 766 or 2% from 2021). Because the state and the city use different …
https://www.osc.ny.gov/press/releases/2023/10/dinapoli-number-domestic-violence-victims-rises-2022Medicaid Program - Improper Medicaid Payments for Recipients in Hospice Care (2017-S-76) 90-Day Response
To determine whether Medicaid made improper payments to providers on behalf of recipients receiving hospice care.
https://www.osc.ny.gov/files/state-agencies/audits/pdf/sga-2019-17s76-response.pdfJoint Statement on Defending Fundamental Shareowner Rights
The ability of shareowners to file shareholder proposals is a fundamental investor right first established by the federal government in 1942.
https://www.osc.ny.gov/files/press/pdf/joint-statement-on-shareowner-rights.pdfThe Retail Sector in New York City: Recent Trends and the Impact of COVID-19
… 21.7 332 11.9 Bensonhurst/Bath Beach 5,677 6.3 65.3 20.4 34.6 0 39 708 16.4 Chelsea/Clinton/Midtown Business District … 60.2 0.4 10 3,301 7.3 Astoria/Long Island City 5,369 5.4 34.8 31.8 42.2 3.8 17.6 664 12 Jackson Heights/North Corona … 0 20.9 0 603 20.5 Brownsville/Ocean Hill 3,589 7.3 29.6 34.8 6 56.6 0 330 28.5 Sheepshead Bay/Gerritsen …
https://www.osc.ny.gov/reports/osdc/retail-sector-new-york-city-recent-trends-and-impact-covid-19DiNapoli: Local Sales Tax Collections Up 3% in Second Quarter
… May grew by a more modest 1.5% and 1.1%. Modest Increase for NYC: New York City’s collections moderated in the second … the economy have yet to fully recover. Tepid Collections for Large Counties: Forty-nine out of 57 counties had … by -19% year over year. These collections account for 5% of county sales tax collections, on average. Report …
https://www.osc.ny.gov/press/releases/2023/08/dinapoli-local-sales-tax-collections-3-percent-second-quarterXII.8.G Payment Methods – XII. Expenditures
… made from the State’s bank to the vendor’s bank within two business days after OSC approves the payment in accordance … payment. One-Day ACH ACH payments generally require two business days to deposit into the vendor’s account. … OSC process a one-day ACH payment when the State has a business need for a next day payment. One-day ACH …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xii/xii8g-payment-methods