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New York’s Economy and Finances in the COVID-19 Era
… Subscribe for Latest Updates The State Comptroller’s office is … activity outlined below, continue to support the case for significant additional federal aid in response to the … industries, at 38.1 percent. Five industries accounted for over half of the decline in the State’s overall economic …
https://www.osc.ny.gov/reports/covid-19-october-14-2020New York’s Economy and Finances in the COVID-19 Era
… 9, 2020 Edition Selected Economic Trends More Than Half of Adult New Yorkers Affected by Loss of Employment Income As was widely reported, New York’s … 3.7 percent in February. But that rate is only one measure of the impact of lost jobs. 53% of New York adults age 18 and …
https://www.osc.ny.gov/reports/covid-19-july-9-2020New York’s Economy and Finances in the COVID-19 Era
… in the size of the workforce may indicate that individuals have ceased searching for a job actively. New York also led … extent than the June peak. In recent weeks, such payments have been between $700 million and $875 million each … of New York households experiencing a food shortage have ranged between 210,000 and 295,000. New York State …
https://www.osc.ny.gov/reports/covid-19-october-28-2020DiNapoli: Wall St. Profits Soared in First Half of 2020
… in decline. As firms have moved to less expensive locales around the metropolitan region and the country, New York’s … of industry employees were White, 22 percent were Asian American, 9 percent were Hispanic and 7 percent were African American (based on most recently available 2019 data). …
https://www.osc.ny.gov/press/releases/2020/10/dinapoli-wall-st-profits-soared-first-half-2020Recent Trends and Impact of COVID-19 in the Bronx
… 2,253,858 5.8% -4.4% Staten Island 476,143 8.1% -0.7% NYC 8,336,817 7.7% -3.3% Borough Immigrant Population 2019 … 1,072,916 8.5% -3.8% Staten Island 111,846 57.5% -2.3% NYC 3,021,083 11.3% -5.4% Sources: U.S. Census Bureau, … devices to all families who requested them in the fall of 2020. However, attendance rates in the Bronx …
https://www.osc.ny.gov/reports/osdc/recent-trends-and-impact-covid-19-bronxNew York’s Economy and Finances in the COVID-19 Era
… 2.8 million adult New Yorkers found it “very difficult” to pay normal household expenses in mid-December, the highest …
https://www.osc.ny.gov/reports/covid-19-january-21-2021DiNapoli: Paycheck Protection Program in NYC Stumbled, but Finding Footing
… applying. The PPP initially required that 75 percent of loan funds be used to cover payroll costs (later lowered to 60 percent) in order to qualify for loan forgiveness. For smaller family-run businesses, payroll … averages of 59.3 percent and 57.9 percent respectively. Personal services firms, including salons, funeral homes and …
https://www.osc.ny.gov/press/releases/2021/02/dinapoli-paycheck-protection-program-nyc-stumbled-finding-footingNew York’s Economy and Finances in the COVID-19 Era
… Trends Job Recovery and Unemployment Rates: New York City and New York State Unemployment rates for New York State, New York City and the balance of the State spiked upward in April 2020. At that point, and … through Pandemic Emergency Unemployment Compensation (both federal programs, with figures for the week ending January …
https://www.osc.ny.gov/reports/covid-19-february-3-2021New York’s Economy and Finances in the COVID-19 Era
… Subscribe for Latest Updates The State Comptroller’s Office is … provides figures on average balances and delinquency rates for student loan borrowers in New York and other states. … and other federal benefits, among other relief measures for borrowers. Executive action extended these emergency …
https://www.osc.ny.gov/reports/covid-19-january-7-2021New 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. …
https://www.osc.ny.gov/reports/covid-19-november-12-2020New York’s Economy and Finances in the COVID-19 Era
… Economic Trends Total New York Wages Fell $12.5 Billion in Second Quarter In the second quarter of 2020, total wages paid in New York …
https://www.osc.ny.gov/reports/covid-19-december-16-2020New York’s Economy and Finances in the COVID-19 Era
… Subscribe for Latest Updates The State Comptroller’s Office is … industry, the State’s largest employment sector, accounted for over 10 percent of job losses. Many jobs in these … services, with many higher-paid jobs, ranked second for net job loss, with a decline in excess of 155,000 over …
https://www.osc.ny.gov/reports/covid-19-december-2-2020Compliance With the Safe Schools Against Violence in Education Act
… 16, 2014. Background The Safe Schools Against Violence in Education Act (SAVE Act) was enacted in July 2000 to address the need to provide a safe learning environment for New York’s students in pre-kindergarten through 12th grade. To comply with the …
https://www.osc.ny.gov/state-agencies/audits/2015/01/13/compliance-safe-schools-against-violence-education-actDiNapoli: Franklin School District Saves $826,000 in Health Care Costs
… Franklin Central School District officials saved more than $800,000 in health … time of limited resources and increasingly tight budgets, school districts need to make every dollar count,” said …
https://www.osc.ny.gov/press/releases/2016/04/dinapoli-franklin-school-district-saves-826000-health-care-costsDiNapoli: Two Western NY BOCES Holding Millions in Surplus Funds
The CattaraugusAlleganyErieWyoming and OrleansNiagara Boards of Cooperative Educational Services BOCES withheld millions of dollars in surplus funds that should have been refunded to local school districts according to separate audits issued today by New York State Comptroller DiNapoli
https://www.osc.ny.gov/press/releases/2016/08/dinapoli-two-western-ny-boces-holding-millions-surplus-fundsDiNapoli: Local Sales Tax Collections Up 1.6% in First Quarter
… flat, resulting from a variety of economic influences.” Tourism Strong Again in New York City In the first quarter of … in 2020 and 2021. New York City’s growth reflects a tourism industry that has nearly fully recovered from the …
https://www.osc.ny.gov/press/releases/2024/04/dinapoli-local-sales-tax-collections-16-first-quarterDiNapoli: State Could Face Tough Fiscal Decisions in Year Ahead
… The State Fiscal Year (SFY) 2017-18 Enacted Budget increases … programs, but authorizes more than $10.5 billion in new state debt and allows billions of dollars in lump sum … into the fiscal year, the Legislature and Executive acted on critical budget issues that will help New York move …
https://www.osc.ny.gov/press/releases/2017/05/dinapoli-state-could-face-tough-fiscal-decisions-year-aheadThe Condition of Locally Owned Bridges in New York State
… details about the bridges in that location. All data comes from the Federal Highway Administration’s (FHWA) …
https://www.osc.ny.gov/local-government/condition-locally-owned-bridges-new-york-stateDiNapoli: Local Sales Tax Collections Up 2.2% in Second Quarter
… government sales tax collections totaled $5.83 billion in the second calendar quarter (April-June) of 2024, an … all other regions of the state also saw increases. “Growth in local sales tax collections has moderated, as both … to local sales tax growth, and its moderate increase in collections reflects in part a tourism industry that …
https://www.osc.ny.gov/press/releases/2024/07/dinapoli-local-sales-tax-collections-22-second-quarterDiNapoli: New York Sees Improvement in Condition of Local Bridges
… One in 10 locally owned bridges in New York state is rated in poor condition, according to a … there is a great deal more work that needs to be done in New York. Local governments need this funding to continue so …
https://www.osc.ny.gov/press/releases/2024/07/dinapoli-new-york-sees-improvement-condition-local-bridges