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NYC Finances Remain Strong But Out-Year Budget Gaps Have Grown
… percent, the lowest level in 42 years, but financial risks for the city persist, according to a report released today by State Comptroller Thomas P. DiNapoli. "New York City's … health insurance savings. While the potential budget gap for FY 2020 is sizable, the city has a year to close it. In …
https://www.osc.ny.gov/press/releases/2018/07/nyc-finances-remain-strong-out-year-budget-gaps-have-grownDiNapoli: As NYC Budget Stabilizes, New Risks Emerge
… seekers, which will help balance its $116.9 billion FY 2026 budget, according to a report released today by State … account for just 6.4% ($7.4 billion) of the city’s FY 2026 operating budget, significantly more federal funding … In addition to the $2.34 billion in prepayments for FY 2026, the city added $2 billion in revenue and reduced …
https://www.osc.ny.gov/press/releases/2025/02/dinapoli-nyc-budget-stabilizes-new-risks-emergeDiNapoli Releases April State Cash Report
… "The fiscal year is off to a rocky start. Tax collections for the first month of the fiscal year were nearly $1 billion … from payments made with annual tax returns and requests for filing extensions as well as an increase in refunds. The … $1.1 billion, or 10.9 percent, higher than last year for the same period. Significant increases include spending …
https://www.osc.ny.gov/press/releases/2017/05/dinapoli-releases-april-state-cash-reportDiNapoli: NYC Put Federal Funds to Work Quickly To Shore Up Budget and Drive Recovery
… out of 10) chose to allocate more than 80% of their funds towards general operating expenses to offset revenue losses, … Jose) devoted less than 40% of their obligations to date towards revenue replacement. More than half of New York …
https://www.osc.ny.gov/press/releases/2022/09/dinapoli-nyc-put-federal-funds-work-quickly-shore-budget-and-drive-recoveryDiNapoli: State Fiscal Year 2021-22 Tax Revenues $3.3 Billion Over Final Projections
… challenges and significant new spending commitments made recently in the Enacted Budget.” PIT collections totaled …
https://www.osc.ny.gov/press/releases/2022/04/dinapoli-state-fiscal-year-2021-22-tax-revenues-33-billion-over-final-projectionsDiNapoli Analysis Finds Worrisome, Uneven Economic Recovery Among NYC's Labor Force
… New York City lags behind the rest of the state and nation in regaining the jobs lost from the onset of the … substantially higher than the rest of the state and nation and higher than its pre-pandemic rate. The slow … higher than the February 2020 level of 3.7%, while the nation’s unemployment rate is only one-tenth of a point above …
https://www.osc.ny.gov/press/releases/2022/05/dinapoli-analysis-finds-worrisome-uneven-economic-recovery-among-nycs-labor-forceDiNapoli Releases Executive Budget Report
… but the state may face increasing budgetary challenges in coming years as revenue growth is expected to slow and billions of dollars in settlement money are spent, according to an analysis of … of the Executive Budget, provides information to assist in the evaluation of the 2016-17 proposal. “The state's …
https://www.osc.ny.gov/press/releases/2016/02/dinapoli-releases-executive-budget-reportDiNapoli: Stable Government Funding Needed for NYC Health + Hospitals to Provide Essential Care
… Federal COVID-19 relief funds distributed during the pandemic … and federal funding provided critical relief when COVID first hit New York. Senate Majority Leader Schumer and … the risk of contracting and having severe cases of COVID-19. Pandemic Tested Operations and Finances At the …
https://www.osc.ny.gov/press/releases/2021/09/dinapoli-stable-government-funding-needed-nyc-health-hospitals-provide-essential-careTown of Lee – Financial Management (2025M-63)
… Town Board (Board) effectively manage the general and highway fund balances? Audit Period December 31, 2021 – April … being withheld from productive use. The Town’s general and highway funds had a total of $8.3 million in fund balance as … 2024 ($8 million in the general fund and $300,000 in the highway fund). Appropriations in the Town’s 2025 budget …
https://www.osc.ny.gov/local-government/audits/town/2025/09/12/town-lee-financial-management-2025m-63State Agencies Bulletin No. 2204.1
… agencies of OSC’s automatic processing of the PEF 2023 Dental Stipend and to provide agency instructions for … a $400 lump sum payment to offset out-of-pocket dental expenses for eligible employees. The payment is … payable each fiscal year until the State enters into a new dental services contract for eligible NYSHIP enrollees. These …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/22041-public-employees-federation-pef-2023-dental-stipendState Agencies Bulletin No. 1109
… Period 21L for an employee who returned to the payroll on January 5, 2012, the effective dated is 1/05/2012. Note: …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1109-april-2011-management-confidential-mc-longevity-lump-sum-payments-llsState Agencies Bulletin No. 1926
… Withholding Recommendation If the agency determines the full or partial value of the April 2021 M/C LLS payment … Budget as explained in Budget Bulletin D-1142 . If the full value is withheld, the agency should submit a Data Chg … listing should be submitted on the Correction Sheet. The form may be duplicated if additional copies are needed. Add …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1926-april-2021-managementconfidential-mc-retroactive-longevity-lump-sum-llsState Agencies Bulletin No. 1925
… Security benefits to the Social Security Administration (SSA). As PayServ does not include this information, OSC will … to OSC for inclusion on the Special Wage Payment report to SSA. This report will be submitted to SSA after the close of the 2021 tax year. It is important …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1925-april-2020-managementconfidential-mc-retroactive-longevity-lump-sum-llsState Agencies Bulletin No. 2139
… Commissions BU06 BU46 BU66 BU78 BU79 Background: Civil Service Law, Section 130 and the Division of the Budget … the 2023-2024 Longevity Payments effective April 2023 as a one-time, lump sum payment in the amount of $1,500, $3,000 … Dates: The April 2023 M/C LLS Payment will be processed in a separate check using the effective date and check dates …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2139-april-2023-managementconfidential-mc-longevity-lump-sum-lls-paymentState Agencies Bulletin No. 2233
… Withholding Recommendation If the agency determines the full or partial value of the April 2024 M/C LLS Payment … in Division of the Budget Bulletin D-1152 . If the full value is withheld, the agency must submit a Data Chg on … listing should be submitted on the Correction Sheet . The form may be duplicated if additional copies are needed. Add …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2233-april-2024-managementconfidential-mc-longevity-lump-sum-lls-paymentState Agencies Bulletin No. 2381
… Purpose: The purpose of this bulletin is to inform agencies of OSC’s automatic processing of the April … employees receiving an LLS will not receive an increase to the payment amount if they otherwise would have qualified … 603-617) and NS positions (Grade 600), which are equated to a grade (Grade 603-617), are eligible for the April 2025 …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2381-april-2025-managementconfidential-mc-longevity-lump-sum-lls-paymentState Agencies Bulletin No. 1851
… taxes and income taxes. Federal, State and New York City income tax withholding will be calculated using the …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1851-october-2020-civil-service-employees-association-csea-longevity-lumpDivision of Housing and Community Renewal Bulletin No. DH-110
… Renewal of OSC’s automatic processing of the October 2020 DC 37 Rent Regulation Services Unit (RRSU) LLS payment and … automatically. Affected Employees Employees in the DC 37 Rent Regulation Services Unit – BU67 in the Division of … the 2016-2021 Agreement between the State of New York and DC 37, provides for payment of the 2020-2021 Longevity …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/housing-and-community-renewal/dh-110-october-2020-district-council-37-dc-37-rent-regulationState Agencies Bulletin No. 2047
… received an LLS payment after October 2021, ensure it represents an October 2021 payment and not a prior April … in a separate check or Direct Deposit regardless of when it is paid. The payment will be issued with the employee’s …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2047-october-2022-civil-service-employees-association-csea-longevity-lumpState Agencies Bulletin No. 1933
… not automatically processed. Affected Employees Employees in the following bargaining units, with an increment code of … effective October 2021 a one-time, lump sum payment in the amount of $1,500, $3,000, and $4,500. Effective Dates The October 2021 LLS Payment will be processed in separate paychecks in the check dates listed below. Due to …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1933-october-2021-civil-service-employees-association-csea-longevity-lump