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New York’s Economy and Finances in the COVID-19 Era
… percent in calendar year 2021 after an estimated decline of 3.4 percent in 2020, according to the Division of the Budget (DOB). While the State has regained close to half of the 1.9 million jobs lost in March and April of 2020, a … rose by 39 percent from the previous year to $37600 as of June 2020 according to newly available data from the …
https://www.osc.ny.gov/reports/covid-19-january-21-2021New York’s Economy and Finances in the COVID-19 Era
… and in the months immediately before, the percentages of officially unemployed workers in the City and in the rest of … and in the months immediately before the percentages of officially unemployed workers in the City and in the rest of …
https://www.osc.ny.gov/reports/covid-19-february-3-2021New York’s Economy and Finances in the COVID-19 Era
… Illinois $37,300 9% Indiana $32,200 12% Kansas $32,600 10% Kentucky $32,800 13% Louisiana $34,700 13% Massachusetts …
https://www.osc.ny.gov/reports/covid-19-january-7-2021DiNapoli: Local Sales Tax Collections Up Nearly 12% in July
… totaled $1.8 billion, up $188 million as compared to July of last year. “Statewide local sales tax collections growth … continued to be strong in July, despite the participation of many counties in the gas tax holiday,” DiNapoli said. … York City’s collections totaled $776 million, an increase of 19.5% — or $127 million — over July of 2021. A majority of …
https://www.osc.ny.gov/press/releases/2022/08/dinapoli-local-sales-tax-collections-nearly-12-percent-julyNew York’s Economy and Finances in the COVID-19 Era
… (12.4 percent) in the State “sometimes or often” did not have enough to eat, according to the U.S. Census … of Black households reported that they sometimes or often did not have enough food to eat. 20% of Hispanic/Latino … households reported that they sometimes or often did not have enough food to eat. 14% of women reported their …
https://www.osc.ny.gov/reports/covid-19-december-16-2020New York’s Economy and Finances in the COVID-19 Era
… saw steady gains, averaging over 174,000 jobs in each of the following five months. That progress nearly halted in … job total to nearly 8.8 million, a cumulative increase of 881,000 since April—but, still, nearly 1.1 million below … April, almost half the statewide total. As a percentage of February employment, however, the downstate suburban …
https://www.osc.ny.gov/reports/covid-19-december-2-2020New York’s Economy and Finances in the COVID-19 Era
… sectors continue to suffer a disproportionate share of job losses statewide and especially in New York City. … and food services. These losses represented 41 percent of jobs in the industry before the recession hit, and one in … likely to be Black or Hispanic, according to Bureau of Labor Statistics data. As shown in the chart below, the …
https://www.osc.ny.gov/reports/covid-19-september-30-2020DiNapoli: Local Sales Tax Collections Up Nearly 16% in April
… totaled $1.7 billion, up $232 million from April of last year. “While local sales tax collections in April were strong throughout most of the state, the continued rise in the price of goods and services has increased the cost of doing …
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
… Climate Action Plan to lower investment risks from climate change and transition the portfolio to net zero greenhouse … the Fund committed $100 million to Excelsior Renewable Energy Investment Fund I, a North American-focused investment fund that will target …
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-to-date collections continue to lag prior year results, tax collections through February were $758.4 million … Although yeartodate collections continue to lag prior year results tax collections through February were $7584 million …
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 pandemic outbreak, but many small businesses hit hardest were initially left out of the federal Paycheck Protection Program (PPP) because they … small businesses, but it has proven difficult for many of New York City’s mom-and-pop operations to navigate,” …
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
… year-over-year growth since May, despite the participation of many counties in the gas tax holiday,” DiNapoli said. … collections totaled almost $789 million, an increase of 17.3% – or $116 million – over October of 2021. Nearly all counties saw some year-over-year growth …
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 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 period last year, a dramatic … from last year’s weak collections during the first wave of the COVID-19 pandemic, according to State Comptroller …
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
… affects tax cap calculations for all counties, towns, and fire districts, as well as 44 cities and 13 villages. "Allowable tax levy growth will be limited … local governments have seen some revenues rebound and have benefited from one-time federal financial …
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
… Jobs Recovery Varies Across New York Total employment in New York State fell in March, and again—much more sharply—in April, with a combined loss of more than 1.9 million jobs. After five months of partial … 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
… surpasses almost every other in both number and percentage of job losses. From February through August 2020, the Empire State ranks second to Hawaii in percentage of employment decline and second only to California in the … gains, over 686,000 jobs, represented only 35 percent of the record-breaking loss of 1.9 million in March and …
https://www.osc.ny.gov/reports/covid-19-october-14-2020New York’s Economy and Finances in the COVID-19 Era
… the rate has been below 10 percent since the beginning of the COVID-19 pandemic. The 2.8 percentage point … decline. Unfortunately, a deeper dive into the Bureau of Labor Statistics data reveals troubling context: New York … August (based on preliminary figures), while the number of individuals officially considered unemployed declined by …
https://www.osc.ny.gov/reports/covid-19-october-28-2020DiNapoli: Wall St. Profits Soared in First Half of 2020
… to State Comptroller Thomas P. DiNapoli’s annual report on Wall St.’s performance . “An injection of federal stimulus … to a level hard to imagine in March,” DiNapoli said. “Wall Street’s successful first half helps our state and city … an outsized source of revenue, but the rising profits on Wall Street are disconnected from the pain being felt on Main …
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
… have received $1.5 billion (16.9 percent) less than they did during that same period in 2019. Table Monthly Local …
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
… Financial Insecurity for New Yorkers Nearly 30 percent of all New York households expect a loss of employment income within the next four weeks, according to … Bureau’s Household Pulse Survey. Among other indicators of continuing financial struggles, nearly a quarter of New …
https://www.osc.ny.gov/reports/covid-19-september-16-2020