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Impact of the ‘Fiscal Cliff’ on New York State, December 2012
Absent Congressional action, significant revisions to federal tax and spending policies are scheduled to take effect in January 2013.
https://www.osc.ny.gov/files/reports/budget/pdf/budget-fiscal-cliff-2012.pdfReport on the State Fiscal Year 2018-19 Executive Budget, February 2018
Recent changes to the federal government’s spending and tax policies are driving immediate budgetary challenges for New York State.
https://www.osc.ny.gov/files/reports/budget/pdf/budget-executive-2018-19.pdfState Agencies Bulletin No. 1439
… and the impact on the employee’s 2015 Form W-2 (Wage and Tax Statement) and agency appropriations. Affected Employees … wage statement (Form W-2C). However, in most cases, the Federal, State and Local tax withholding balances for 2015 … for prior year taxes. OSC will only seek refunds of Federal, State and Local taxes for 2015 AC230s submitted with …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1439-processing-2015-salary-refunds-received-osc-after-january-4-2016State Agencies Bulletin No. 1365
… and the impact on the employee’s 2014 Form W-2 (Wage and Tax Statement) and agency appropriations. Affected Employees … wage statement (Form W-2C). However, in most cases, the Federal, State and Local tax withholding balances for 2014 … refunds for prior year taxes.OSC will only seek refunds of Federal, State and Local taxes for 2014 AC230s submitted with …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1365-processing-2014-salary-refunds-received-osc-after-january-5-2015State Agencies Bulletin No. 1127
… and the impact on employee’s 2011 Form W-2 (Wage and Tax Statement) and agency appropriations. Affected Employees … wage statement (Form W-2C). However, in most cases, the Federal, State and Local tax balances for 2011 will not be … for prior year taxes. OSC will only seek refunds of Federal, State and Local taxes for 2011 AC230s submitted with …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1127-processing-2011-salary-refunds-received-osc-after-january-6-2012State Agencies Bulletin No. 1214
… and the impact on employee’s 2012 Form W-2 (Wage and Tax Statement) and agency appropriations. Affected Employees … wage statement (Form W-2C). However, in most cases, the Federal, State and Local tax withholding balances for 2012 … for prior year taxes. OSC will only seek refunds of Federal, State and Local taxes for 2012 AC230s submitted with …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1214-processing-2012-salary-refunds-received-osc-after-january-4-2013DiNapoli: Halfway Through the Year, Revenue Hole Persists
… Halfway through the state’s fiscal year, state tax receipts are trailing last year by $2.8 billion, … as they prepare to address our budget shortfall.” State tax revenues totaled $8.8 billion in September, $922.3 … by the state Division of the Budget (DOB). Total tax revenues in September were a net $364.1 million higher …
https://www.osc.ny.gov/press/releases/2020/10/dinapoli-halfway-through-year-revenue-hole-persistsDiNapoli Releases Year-End State Cash Report
… State tax collections totaled $74.4 billion in State Fiscal Year … issued today by State Comptroller Thomas P. DiNapoli. Tax collections for the year ended $600 million lower than … February, primarily due to lower than anticipated business tax collections in March. "While personal income tax and …
https://www.osc.ny.gov/press/releases/2017/04/dinapoli-releases-year-end-state-cash-reportDiNapoli Issues Analysis of 2021-22 Enacted State Budget
… $26.7 billion in SFY 2021-22. These resources include federal support, better-than-expected tax collections, revenues from tax increases, and other new … state’s spending does not grow to unsustainable levels. Federal support is finite and there were missed opportunities …
https://www.osc.ny.gov/press/releases/2021/04/dinapoli-issues-analysis-2021-22-enacted-state-budgetState Agencies Bulletin No. 2408
… Goal Balance: Same as original goal balance Retirement and Deduction Information: Money paid using Earnings Code RTN is … be taken from the lump sum payment for garnishments and federal levies. Tax Information: The Retention Bonus payment is supplemental …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2408-new-retention-bonus-eligible-employees-department-corrections-andDiNapoli: Former Town Clerk Sentenced for $35,000 Embezzlement
… and paid back over $35,000 which she stole from property tax payments and dog license fees deposited with the town … and paid back over $35000 which she stole from property tax payments and dog license fees deposited with the town …
https://www.osc.ny.gov/press/releases/2019/10/dinapoli-former-town-clerk-sentenced-35000-embezzlementDiNapoli: School District Tax Levy Cap at 2%
… For the first time since 2019, property tax levy growth for school districts will be capped at 2%, up … today by State Comptroller Thomas P. DiNapoli. The tax cap, which first applied to local governments and school districts in 2012, limits annual tax levy increases to the lesser of the rate of inflation or …
https://www.osc.ny.gov/press/releases/2022/01/dinapoli-school-district-tax-levy-cap-2-percentDiNapoli: Federal Funding Uncertainty Jeopardizes Impact of Inflation Reduction Act for New Yorkers
… lead to delays or cuts to the remaining IRA funds and tax credits,” DiNapoli said. “Given the strong interest in … farmers, and nonprofits, preserving the IRA’s grant and tax credit programs should be a priority. If the programs are … funded through the IRA provide over $142 billion through federal programs managed by several U.S. agencies. New York …
https://www.osc.ny.gov/press/releases/2025/03/dinapoli-federal-funding-uncertainty-jeopardizes-impact-inflation-reduction-act-new-yorkersState Agencies Bulletin No. 1133
… received. This code is populated on the employee 1042 Tax Balances page. Box 2 Gross income The amount is the gross … value of the withholding allowance(s) as claimed in the Federal Tax Data page. Box 4 Net Income This box is only … (Exempt under tax treaty) and 00 (Not Applicable). Box 7 Federal tax withheld This box is populated with the value of …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1133-form-1042-s-foreign-persons-us-source-income-subject-withholdingCUNY Bulletin No. CU-810
… Fine 416 Deferred Comp 425 Repay State Loans/Debt 432 SED Tax Deferred Annuity 433 Total Unemployment Ins Owed 500 … taxable gross subject to all employment and income taxes. Federal, State, and New York City income tax withholding will … regarding deductions may be directed to the Payroll Deduction mailbox. Questions regarding taxes may be directed …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/city-university-new-york/cu-810-cuny-retroactive-rate-increases-locksmith-skilled-tradeState Agencies Bulletin No. 1014
… in PayServ that allows for the selection of a 30% tax rate for nonresident aliens that are income code 15. … (income code 15*) are generally eligible for a federal tax withholding rate of zero or 14% depending if the country … now been updated to allow the election of a 30% Federal Tax withholding rate for nonresident aliens earning income …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1014-withholding-rate-30-nonresident-alien-scholarship-recipientsUnified Court System Bulletin No. UCS-262
… in the calculation of overtime and is pensionable. Deduction Information All general deductions for employees … Deficiency GARNSH Garnishments HIATRG Regular After Tax Health HIATSP Special After Tax Health Adj Tax … taxable gross subject to all employment and income taxes. Federal, State and New York City income tax withholding will …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/unified-court-system/ucs-262-retroactive-adjustment-senior-officer-series-differential-sosComptroller DiNapoli, A.G. Schneiderman and U.S. Attorney Hartunian Announce Arrest and Indictment of New York State Assemblyman William Scarborough
… then using those funds for personal expenses. The 11-count federal indictment charges Scarborough with improperly … of political corruption shatters that trust. Each time my office arrests a corrupt public official, it sends the … Eric Schneiderman, U.S. Attorney Richard Hartunian, the Federal Bureau of Investigation and prosecutors across the …
https://www.osc.ny.gov/press/releases/2014/10/comptroller-dinapoli-ag-schneiderman-and-us-attorney-hartunian-announce-arrest-and-indictment-newMember Contributions – Legacy Reporting
… 15, as modified by Chapter 18 of the Laws of 2012). Federal Tax Treatment of Member Contributions ERS Tiers 3 through 6 … under Section 414(h) of the Internal Revenue Code (IRC). Federal income tax on these contributions is deferred until …
https://www.osc.ny.gov/retirement/employers/legacy-reporting/member-contributionsDiNapoli: NYC Budget Faces Uncertainty Without More Federal Relief
… were the driving forces behind the increase in the revenue forecast for FY 2021. While the city revised its economic and employment forecast, it did not update its tax forecast for fiscal years 2022 through 2024. The timeline for …
https://www.osc.ny.gov/press/releases/2020/12/dinapoli-nyc-budget-faces-uncertainty-without-more-federal-relief