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New York’s Economy and Finances in the COVID-19 Era
… September 30, 2020 Edition Selected Economic Trends Job Losses Are Concentrated in Lower-Paid Sectors Six months into … sectors continue to suffer a disproportionate share of job losses statewide and especially in New York City. Among the … 320,000 were in accommodation and food services. These losses represented 41 percent of jobs in the industry before …
https://www.osc.ny.gov/reports/covid-19-september-30-2020DiNapoli: Local Sales Tax Collections Up Nearly 16% in April
… the same month in 2021, according to an analysis released today by State Comptroller Thomas P. DiNapoli. Overall, local … the same month in 2021 according to an analysis released today by State Comptroller Thomas P DiNapoli …
https://www.osc.ny.gov/press/releases/2022/05/dinapoli-local-sales-tax-collections-nearly-16-percent-aprilDiNapoli: NYS Pension Fund Announces $400 Million in Sustainable Investments
… poses investment risks, it also creates opportunities for the state pension fund to invest in the companies and funds that are best positioned for the low-carbon future,” DiNapoli said. “The commitments … SICS Program, the Fund has made commitments across asset classes including private equity, actively managed public …
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
… and use taxes, which include sales tax receipts, fell short of the previous February, and were down $60.5 million, … partly by withheld payments as well as receipts from short-term borrowing that DOB anticipates repaying before the …
https://www.osc.ny.gov/press/releases/2021/03/dinapoli-tax-revenues-february-758-million-over-budget-projectionsDiNapoli: Paycheck Protection Program in NYC Stumbled, but Finding Footing
… New York City was the early epicenter of the COVID-19 … small businesses, but it has proven difficult for many of New York City’s mom-and-pop operations to navigate,” DiNapoli … can often be a much smaller share of operating costs. In New York City, four-fifths of businesses have fewer than 10 …
https://www.osc.ny.gov/press/releases/2021/02/dinapoli-paycheck-protection-program-nyc-stumbled-finding-footingDiNapoli: Local Sales Tax Collections Grew by 14% in October
… Local sales tax collections in New York state increased by 14.1% in … million compared to the same time last year. “October’s sales tax collections saw the strongest monthly … Chenango County had the steepest decline (-16.1%). Monthly sales tax distributions made to counties and tax-imposing …
https://www.osc.ny.gov/press/releases/2022/11/dinapoli-local-sales-tax-collections-grew-14-octoberDiNapoli: Local Sales Taxes Jump 49.2 Percent in Second Quarter
… sales taxes may have prevented steeper declines. The first change occurred after June 2018, when the U.S. Supreme … group of vendors required to collect sales tax. The second change, the marketplace provision, now requires online …
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 … cities and 13 villages. "Allowable tax levy growth will be limited to 2% for a third time in four years for local … Property tax levy growth will be capped at 2 for 2022 for local governments that operate on …
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
… 6,320 11.2% Erie 255,861 21,860 9.3% Essex 8,875 758 9.3% Franklin 15,296 1,050 7.4% Fulton 15,655 1,063 7.3% Genesee …
https://www.osc.ny.gov/reports/covid-19-november-12-2020New York’s Economy and Finances in the COVID-19 Era
… Economic Trends New York State Ranks Second Nationally in Jobs Lost While all states have lost employment since the … May through August. However, those gains, over 686,000 jobs, represented only 35 percent of the record-breaking loss … New York State Ranks Second Nationally in Jobs Lost …
https://www.osc.ny.gov/reports/covid-19-october-14-2020New 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 … Selected Economic Trends Shrinking Labor Force Drives New York State’s Unemployment Rate Below 10% New York State’s unemployment rate dropped to 9.7 percent in …
https://www.osc.ny.gov/reports/covid-19-october-28-2020DiNapoli: Wall St. Profits Soared in First Half of 2020
… to a level hard to imagine in March,” DiNapoli said. “Wall Street’s successful first half helps our state and city … outsized source of revenue, but the rising profits on Wall Street are disconnected from the pain being felt on Main … stimulus funds and the lowering of interest rates to near zero, which reduced the cost of borrowing. These actions …
https://www.osc.ny.gov/press/releases/2020/10/dinapoli-wall-st-profits-soared-first-half-2020DiNapoli: Local Sales Tax Collections Down 7.8 Percent in August
… Local government sales tax revenue declined by 7.8 percent in August compared … to State Comptroller Thomas P. DiNapoli. August’s sales tax collections totaled $1.3 billion for counties and … less extreme than the early months of the pandemic when sales tax collections plummeted by double digits. "Since the …
https://www.osc.ny.gov/press/releases/2020/09/dinapoli-local-sales-tax-collections-down-78-percent-augustNew York’s Economy and Finances in the COVID-19 Era
… Subscribe for Latest Updates The State Comptroller’s office is committed to keeping New Yorkers regularly updated on the state’s economy and finances. Subscribe to get the latest update. Subscribe Read Prior Editions … York households expect a loss of employment income within the next four weeks according to new data from the Census …
https://www.osc.ny.gov/reports/covid-19-september-16-2020DiNapoli: Outreach Failure Contributes to Rise in Subway Homeless Population
… not placed in the reported shelter or were not placed on the date reported. For example: 6 clients were never … tried to place in a family shelter. No further information on placement efforts was listed in DHS’ database. 11 clients … had called in sick. March 20, 2019 at Crown Heights/Utica Ave. (3/4) station and Utica Ave. (A/C) station. Outreach …
https://www.osc.ny.gov/press/releases/2020/01/dinapoli-outreach-failure-contributes-rise-subway-homeless-populationNYC Surplus Projected to Reach $550 Million in FY 2020
… DiNapoli said. “The risk of a recession has eased in the near term, but the city should continue to increase its … and the October unemployment rate of 4.1 percent remains near its historic low. Still, the city did not raise its …
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
… with disabilities who are between three and four years of age. MIM is reimbursed for these services through rates … included: $25,412 in personal service costs, consisting of $20,003 in salaries and $1,994 in fringe benefits for … $2,558 in other than personal service costs, consisting of $1,580 in expenses that lacked appropriate documentation …
https://www.osc.ny.gov/state-agencies/audits/2019/12/31/minds-motion-inc-compliance-reimbursable-cost-manualOversight of Resident Care-Related Medical Equipment in Nursing Homes (Follow-Up)
… of Resident Care-Related Medical Equipment in Nursing Homes (Report 2016-S-80 ). About the Program The … Health’s (Department) monitoring and inspection of nursing homes is sufficient to determine if nursing homes perform comprehensive inspections, testing, and …
https://www.osc.ny.gov/state-agencies/audits/2019/11/18/oversight-resident-care-related-medical-equipment-nursing-homes-followNew York’s Economy and Finances in the COVID-19 Era
… revenues, totaled $18.9 billion through July. This year’s change in the tax filing deadline from April 15 to July 15 …
https://www.osc.ny.gov/reports/covid-19-august-19-2020DiNapoli: Local Sales Tax Collections Drop 8.2 Percent in July
… for local governments in July fell 8.2 percent compared to the same period last year, according to New York State Comptroller Thomas P. DiNapoli. Collections … than in July 2019. Although revenue is still down compared to July 2019, the decline is less steep than any month since …
https://www.osc.ny.gov/press/releases/2020/08/dinapoli-local-sales-tax-collections-drop-82-percent-july