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New York’s Economy and Finances in the COVID-19 Era
… Yorkers’ average student loan balance rose by 3.9 percent from the previous year to $37,600 as of June 2020, according to newly available data from the Federal Reserve Bank of New York. That figure has … past due accounts that are late 90 days or more) decreased from 11.1 percent in 2019 to 7.4 percent in 2020, a drop of a …
https://www.osc.ny.gov/reports/covid-19-january-7-2021New York’s Economy and Finances in the COVID-19 Era
… MSA also show a large decline of 10.7 percent. But the bad news is not confined to downstate regions, with net losses of … Budget: Budgeting in a Time of Crisis Subscribe for Latest News and Updates …
https://www.osc.ny.gov/reports/covid-19-november-12-2020New York’s Economy and Finances in the COVID-19 Era
… The State Comptroller’s Office is committed to keeping New Yorkers regularly updated on the State’s economy and … December 16, 2020 Edition Selected Economic Trends Total New York Wages Fell $12.5 Billion in Second Quarter In the … In the second quarter of 2020 total wages paid in New York State declined by $125 billion or 74 percent in …
https://www.osc.ny.gov/reports/covid-19-december-16-2020New York’s Economy and Finances in the COVID-19 Era
… Unemployment Benefits Remain a Financial Lifeline–But for How Long? Unemployment benefits have provided urgently needed … for the full 2020-21 fiscal year in the Mid-Year Update, it revised estimates for the remaining months of the fiscal …
https://www.osc.ny.gov/reports/covid-19-december-2-2020NYC Surplus Projected to Reach $550 Million in FY 2020
… personal and business income tax collections during the first four months of the year, according to a report released today by New York State Comptroller … will slow during the financial plan period, but they do not anticipate a recession. Although the likelihood of a …
https://www.osc.ny.gov/press/releases/2019/12/nyc-surplus-projected-reach-550-million-fy-2020Minds in Motion, Inc. – Compliance With the Reimbursable Cost Manual
… $1,580 in expenses that lacked appropriate documentation or were not program related, $933 in costs for meals provided …
https://www.osc.ny.gov/state-agencies/audits/2019/12/31/minds-motion-inc-compliance-reimbursable-cost-manualHomeless Outreach Services in the New York City Subway System
… Objectives To determine whether the Metropolitan Transportation Authority (MTA) and the New York City Department of Homeless Services … entered into a Memorandum of Understanding (MOU) with DHS to provide homeless outreach and placement services. In turn, … To determine whether the Metropolitan Transportation …
https://www.osc.ny.gov/state-agencies/audits/2020/01/16/homeless-outreach-services-new-york-city-subway-systemOversight of Resident Care-Related Medical Equipment in Nursing Homes (Follow-Up)
… of implementation of the three recommendations included in our initial audit report Oversight of Resident Care-Related Medical Equipment in Nursing Homes (Report 2016-S-80 ). About the Program The … of implementation of the three recommendations included in our initial audit report Oversight of Resident CareRelated …
https://www.osc.ny.gov/state-agencies/audits/2019/11/18/oversight-resident-care-related-medical-equipment-nursing-homes-followDiNapoli: Outreach Failure Contributes to Rise in Subway Homeless Population
… binder of photos instead of uploading them to StreetSmart. CPR and Overdose Training Lacking Outreach workers are supposed to be certified in CPR and Opioid Overdose Prevention. Auditors found that 19 …
https://www.osc.ny.gov/press/releases/2020/01/dinapoli-outreach-failure-contributes-rise-subway-homeless-populationDiNapoli: NYS Pension Fund Announces $400 Million in Sustainable Investments
… pension fund to invest in the companies and funds that are best positioned for the low-carbon future,” DiNapoli said. … It has consistently been ranked as one of the best managed and best funded plans in the nation. Find out how your government …
https://www.osc.ny.gov/press/releases/2021/04/dinapoli-nys-pension-fund-announces-400-million-sustainable-investmentsDiNapoli: Tax Revenues in February $758 Million Over Budget Projections
… with better-than-forecasted tax revenues from February and the passing of significant additional federal assistance, … recovery effort, it is important to use them responsibly and think long-term, as challenges remain.” Tax revenues in … due to lower refunds. However, monthly consumption and use taxes, which include sales tax receipts, fell short …
https://www.osc.ny.gov/press/releases/2021/03/dinapoli-tax-revenues-february-758-million-over-budget-projectionsDiNapoli: Ex-Lake George Watershed Coalition Director Convicted in Grant Scheme
… filing charges, related to his diversion of federal and state grant funds meant to improve the area surrounding Lake George, according to New York State Comptroller Thomas P. DiNapoli. “From sham companies to … was held without bail and is scheduled to be sentenced on June 11, 2020. …
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
… Garnett announced the sentencing of non-profit executive Anna Mendez for the misuse of nonprofit funds to fund straw … justice and has been held accountable for her actions." “Anna Mendez misused thousands of dollars intended to aid our … Nonprofit executive Anna Mendez was sentenced for the misuse of nonprofit funds …
https://www.osc.ny.gov/press/releases/2020/02/dinapoli-james-and-garnett-announce-sentencing-straw-donation-schemeDiNapoli Announces Guilty Plea in Town of Crawford Embezzlement Case
… of Pine Bush, pleaded guilty before Orange County Court Judge Craig Stephen Brown, to Grand Larceny in the Third …
https://www.osc.ny.gov/press/releases/2020/02/dinapoli-announces-guilty-plea-town-crawford-embezzlement-caseCompliance With Executive Order 88 – Energy Efficiency in State Buildings
… through October 17, 2019. About the Program EO 88, issued on December 28, 2012, is the centerpiece of BuildSmart NY– … program for pursuing energy efficiency in certain New York State government buildings while advancing economic growth, … environmental protection, and energy security in the State. EO 88 is intended to accomplish broader State policy …
https://www.osc.ny.gov/state-agencies/audits/2020/01/30/compliance-executive-order-88-energy-efficiency-state-buildingsDiNapoli Announces Reduction in Employer Contribution Rates for Retirement System
… the reduction in employer contribution rates is welcome news for taxpayers, our investment decisions are always made …
https://www.osc.ny.gov/press/releases/2021/08/dinapoli-announces-reduction-employer-contribution-rates-retirement-systemDiNapoli: Local Sales Tax Collections Up 20% in Third Quarter
… for goods also increase sales tax collections, and the price of consumer goods and services during this third … the same period last year, as measured by the Consumer Price Index. The improvement in New York City sales tax …
https://www.osc.ny.gov/press/releases/2021/10/dinapoli-local-sales-tax-collections-20-third-quarterDiNapoli: Local Sales Taxes Jump 49.2 Percent in Second Quarter
… Sales tax revenue for local governments in New York state … according to State Comptroller Thomas P. DiNapoli . Sales tax collections during this period grew by just over … of the state, much of which had begun to see increasing sales tax collections starting as soon as the third quarter …
https://www.osc.ny.gov/press/releases/2021/07/dinapoli-local-sales-taxes-jump-49-point-2-percent-second-quarterDiNapoli: Local Tax Cap Will Be Two Percent in 2022
… Property tax levy growth will be capped at 2% for 2022 for local governments that operate on a calendar-based fiscal … announced today. This figure affects tax cap calculations for all counties, towns, and fire districts, as well as 44 … Property tax levy growth will be capped at 2 for 2022 for local governments that operate on a …
https://www.osc.ny.gov/press/releases/2021/07/dinapoli-local-tax-cap-will-be-two-percent-2022New York’s Economy and Finances in the COVID-19 Era
… The State Comptroller’s office is committed to keeping New Yorkers regularly updated on the state’s economy and … Lower-Paid Sectors Six months into the COVID-19 recession, New Yorkers working in lower-paid sectors continue to suffer … 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-30-2020