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New York’s Economy and Finances in the COVID-19 Era
… Latest Updates The State Comptroller’s Office is committed to keeping New Yorkers regularly updated on the State’s … City and in the rest of the State were nearly identical — but those numbers have since diverged sharply. As shown in … in shoring up the State’s finances, but more is needed. While the outlook for State tax revenues has improved …
https://www.osc.ny.gov/reports/covid-19-february-3-2021New York’s Economy and Finances in the COVID-19 Era
… Again? New Yorkers’ average student loan balance rose by 3.9 percent from the previous year to $37,600 as of June … 20.1 percent since 2016. The average balance owed by New Yorkers was 5 th highest among the states. The table … borrowers in New York and other states. Student Loan Debt by State, 2020 (Table) Average Amount Owed Percentage of …
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 … New York State Department of Labor Medicaid Enrollment in New York Jumps by 600,000; Total Increase May Reach … Total employment in New York State fell in March and again much more sharply …
https://www.osc.ny.gov/reports/covid-19-november-12-2020New York’s Economy and Finances in the COVID-19 Era
… the second quarter of 2019 according to new data from the US Bureau of Labor Statistics BLS …
https://www.osc.ny.gov/reports/covid-19-december-16-2020New York’s Economy and Finances in the COVID-19 Era
… sector, accounted for over 10 percent of job losses. Many jobs in these industries are relatively low-paid … Unemployment Benefits Remain a Financial Lifeline–But for How Long? Unemployment benefits have provided urgently needed … of New York workers in recent months. As of the two weeks ending October 31 and November 7, more than 2.3 million …
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 … will decline by 26 percent in 2019, profits were up 10 percent in the first three quarters of the year. … which begins April 1, 2020, has grown since August from $4 billion to $6.1 billion according to the state …
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
… that MIM reported on its CFR for the fiscal year ended June 30, 2015. About the Program MIM is an SED-approved, … with the RCM requirements. For the fiscal year ended June 30, 2015, MIM reported $571,094 in reimbursable costs … it operated. Key Findings For the fiscal year ended June 30, 2015, we identified $27,970 in costs reported by MIM …
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 (DHS) have … and monitoring controls over homeless outreach services in the New York City subway system and whether they have met …
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)
… Objective To determine the extent of implementation of the three recommendations included in our initial audit report Oversight of Resident Care-Related Medical Equipment in Nursing Homes … To determine the extent of implementation of the three recommendations included in …
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
… significantly worse, in part because the city’s Department of Homeless Services (DHS) has neglected to monitor a … Beginning in Jan. 2019, DiNapoli began releasing a series of audits examining MTA’s outreach efforts to the homeless … Road. These audits have generally found lax MTA oversight of the non-profit entities it has hired, even as they failed …
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
… renewable assets including onshore and offshore wind and solar, as well as climate infrastructure assets that support … will target investments in renewable power assets such as solar and wind. Background on Climate Investment Actions …
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
… year results, tax collections through February were $758.4 million higher than forecast in the most recent Division of the Budget (DOB) update to the State Financial Plan, according to the monthly State Cash Report released today by New York State … year results tax collections through February were $7584 million higher than forecast in the most recent Division of …
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
… David Decker, former director of the Lake George Watershed Coalition, was convicted today in Warren County Court of two counts of Grand Larceny in the Second Degree, Scheme to Defraud in the First Degree and … David Decker former director of the Lake George Watershed Coalition was convicted in Warren …
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
… of Investigation Commissioner Margaret Garnett announced the sentencing of non-profit executive Anna Mendez for the misuse of nonprofit funds to fund straw political … "Thanks to our partnership with Attorney General James and the New York City Department of Investigation, Ms. Mendez now …
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
… that the Town was to receive from the rental of rooms for events at the Town of Crawford Senior Center. Roy is … resources will not be tolerated." “Public service is a sacred trust and those who abuse their positions to enrich … Office for their resources and their expertise in handling this investigation, as well as the Town of Crawford Police …
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
… the centerpiece of BuildSmart NY– the Executive’s program for pursuing energy efficiency in certain New York State government buildings while … by creating green jobs and stimulating the marketplace for clean energy and energy-efficient products and services. …
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
… announced reductions in employer contribution rates to the New York State and Local Retirement System (NYSLRS) for both of its systems – the Employees’ Retirement System (ERS) and Police and Fire … announced reductions in employer contribution rates to the New York State and Local Retirement System NYSLRS for …
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
… Local sales tax collections totaled $5.2 billion in the third quarter (July-September of 2021), up $861 … impact growth.” Statewide, every region saw solid growth in sales tax collections during the third quarter compared to … City, the July-September period marked the fifth quarter in a row that county and city sales tax receipts met or …
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 rose by 49.2% in the second quarter (April to June 2021) compared to the same … Sales tax revenue for local governments in New York state rose by 492 in the second quarter April to June 2021 compared to the same …
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
… federal financial assistance. At the same time, the risk of inflationary cost increases and the need for investments … in 2012, limits annual tax levy increases to the lesser of the rate of inflation or 2% with certain exceptions, including a …
https://www.osc.ny.gov/press/releases/2021/07/dinapoli-local-tax-cap-will-be-two-percent-2022