Search
Economic and Policy Insight: New York State’s Clean Energy Fund
Between 2016 and 2032, the CEF is approved to collect $7.5 billion. Review of CEF-supported programs indicates some have exceeded the goals set out by the New York State Public Service Commission (PSC), while others appear not to be on track to reach their 2025 targets.
https://www.osc.ny.gov/files/reports/pdf/clean-energy-fund.pdfCommon Reporting Errors: From AUD to AFR
In this session, you will learn about common reporting errors made by local governments when completing annual reports and our staff will explain how to correctly report the underlying transactions. The presenters will provide examples of these errors as made in the Annual Update Document (AUD) and
https://www.osc.ny.gov/files/local-government/academy/pdf/common-reporting-errors-aud-afr-12-7-22.pdfThe Economic Impact of the Great Outdoors
Outdoor recreation in New York provided $21.1 billion in economic activity in 2020 and supported over 241,000 jobs. While New York ranks fourth in the nation on GDP generated by outdoor recreation, outdoor recreation represents a more significant part of the economy in nearly every other state.
https://www.osc.ny.gov/files/reports/pdf/economic-impact-great-outdoors.pdfLocal Sales Taxes Surge 49.2 Percent in April-June 2021 Over Same Quarter in 2020: Statewide Collections Strong Even Compared to Pre-Pandemic Period
Local sales tax collections in New York State grew by 49.2 percent, or just over $1.6 billion, in the second quarter of 2021 compared to the same period last year, a dramatic increase from last year’s weak collections during the first wave of the COVID-19 pandemic.
https://www.osc.ny.gov/files/local-government/publications/pdf/local-sales-taxes-surge-in-april-june-2021.pdfNew Yorkers in Need: A Look at Poverty Trends in New York State for the Last Decade
… Security system is comprised of three programs. Under the Old Age and Survivors Insurance program, workers and their …
https://www.osc.ny.gov/reports/new-yorkers-need-look-poverty-trends-new-york-state-last-decadeDiNapoli Releases February State Cash Report
… New York state is on target to reach year-end revenue projections with collections of $67.8 billion in taxes through the first 11 months of the fiscal year, an increase of 6.3 … or $4 billion, from the same period a year ago, according to the monthly state cash report issued today by New York …
https://www.osc.ny.gov/press/releases/2016/03/dinapoli-releases-february-state-cash-reportDiNapoli High-Tech is on the Rise in NYC
… start-ups to large multinational firms, like Google and Facebook, are forming synergies with traditional industries, …
https://www.osc.ny.gov/press/releases/2014/04/dinapoli-high-tech-rise-nycOpinion 93-8
… events will cause the municipality to pay the higher rates and what procedures or indices will be used to compute the … exclude variable rate debt which bears interest at rates and for periods specified at the time of issuance. Finally, … cause the municipality to pay the higher rate of interest and what procedure or indices will be used to compute the new …
https://www.osc.ny.gov/legal-opinions/opinion-93-8DiNapoli: As Share of New Yorkers Without Health Insurance Reached New Low, Disparities Persisted Among Black, Asian, and Latino Populations
… through 2021, the percentage of New Yorkers without health insurance declined every year to 5.2% in 2021, well below the … due to the state’s higher enrollment in public health insurance programs, which provided coverage to 4 in 10 New … groups. In 2021, just 3% of white New Yorkers did not have insurance, compared to 10% of Hispanic and 6% of Black and …
https://www.osc.ny.gov/press/releases/2023/08/dinapoli-share-new-yorkers-without-health-insurance-reached-new-low-disparities-persisted-among-blackDiNapoli: NYC Facing Larger Budget Gaps Amid Slowing Economic Growth and Rising Costs
… New York City’s budget gaps may reach as high as $10 billion in FY 2027 and grow to $13.6 billion by FY 2029, based on risks … it is unlikely tax revenues alone would be able to close budget gaps. The city should look to identify new … New York Citys fiscal year FY 2026 budget is balanced but the Office of the State Comptroller …
https://www.osc.ny.gov/press/releases/2025/12/dinapoli-nyc-facing-larger-budget-gaps-amid-slowing-economic-growth-and-rising-costsInvestors: Exxon Needs to Step Up on Climate Change
… adopt the goals of the Paris Agreement to rein in climate change. In recent weeks, similar proposals have won a … light of the rising tide of investor concern over climate change, is shortsighted and puts shareholders’ investments in … and processing that are directly affected by climate change and the efforts to rein it in. While Exxon has …
https://www.osc.ny.gov/press/releases/2017/05/investors-exxon-needs-step-climate-changeMotor Vehicle Theft and Insurance Fraud Prevention Program (2022-M-2) 180-Day Response
To determine whether the Division of Criminal Justice Services (DCJS) has complied with Article 36-A of the State Executive Law for revenues received by and expenditures made from the Motor Vehicle Theft and Insurance Fraud Prevention Fund and from any other source for purposes of the Motor Vehicle
https://www.osc.ny.gov/files/state-agencies/audits/pdf/sga-2024-22m2-response.pdfAFR Modernization – Uploading Financial Data with Bulk Load
This webinar is one in a series preparing local officials for the new Annual Financial Report (AFR) currently being developed by our staff at the Office of the State Comptroller (OSC). In this session, attendees will learn how to upload Financial Statement data into the AFR using a newly developed b
https://www.osc.ny.gov/files/local-government/academy/pdf/afr-modernization-bulk-load-09-22-22.pdfFirst Quarter 2022 Local Sales Tax Collections Up 21 Percent
Local government sales tax collections totaled nearly $5.2 billion in the first quarter of 2022, an increase of 21.1 percent, or $901 million, compared to the same quarter the previous year. This growth was at least partially driven by inflation, which hit a 40-year-high in March, most notably for g
https://www.osc.ny.gov/files/local-government/publications/2022/pdf/2022-sales-taxes-first-quarter.pdfFirst Quarter 2022 Local Sales Tax Collections Up 21 Percent
Local government sales tax collections totaled nearly $5.2 billion in the first quarter of 2022, an increase of 21.1 percent, or $901 million, compared to the same quarter the previous year. This growth was at least partially driven by inflation, which hit a 40-year-high in March, most notably for g
State Agencies Bulletin No. 1837.2
… This bulletin is superseded by Payroll Bulletin 1837.3. Purpose The purpose of this bulletin is to provide agencies with payroll processing … PLA/ 19F – FEPSLA PD LV 100%: Employee wages under this section of the FEPSLA are paid at the employee’s regular … The purpose of this bulletin is to provide agencies with payroll processing …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/18372-payroll-processing-instructions-employees-utilizing-covid-19-leaveLocal Sales Tax Collections Grew Over 12 Percent in the Second Quarter of 2022
Local government sales tax collections in New York State totaled over $5.5 billion in the second quarter of 2022, an increase of 12.2 percent, or nearly $604 million, compared to the same quarter last year. April and May collections grew by 15.7 percent and 16.7 percent, respectively, while June inc
https://www.osc.ny.gov/files/local-government/publications/pdf/local-sales-tax-collections-grew-over-12-percent-in-second-quarter-of-2022.pdfState Agencies Bulletin No. 2115
… we approach the beginning of the new State fiscal year on April 1 st , OSC would like to provide notice of the possible … direct deposit funds and advices should the State budget be late and a budget extender bill not be passed by 4 p.m. on Monday, April 3, 2023. Affected Employees Executive Branch* employees …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2115-paycheck-distribution-april-6-2023-institution-cycle-paychecksState Agencies Bulletin No. 2124
… Fund (00640, 00650) since their fiscal year does not expire until the end of June. However, although funds will be … deposit advices will not be mailed until all other advices can be released. Effective Dates Effective paychecks dated … Please reference Bulletin No. 2124 in the subject of your email. …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2124-paycheck-distribution-april-12-2023-administration-cycle-paychecksState Agencies Bulletin No. 1837.3
… supersedes Payroll Bulletin 1837. 2 . Purpose The purpose of this bulletin is to provide agencies with payroll … of compensation but are subject to a cap of $511.00 per day and $5,110.00 for the 2 week period. Employees may use FEPSLA leave for the purposes …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/18373-payroll-processing-instructions-employees-utilizing-covid-19-leave