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IX.3 Establish & Maintain Federal Grants in SFS for Non-Onboarding Agencies – IX. Federal Grants

DiNapoli: Local Sales Tax Collections Up Nearly 16% in April

… Local government sales tax collections grew by 15.7% in April compared to the same month in 2021, according to an analysis released today by State … April of last year. “While local sales tax collections in April were strong throughout most of the state, the …

Recent Trends and Impact of COVID-19 in the Bronx

… June 2021 PDF Version    En Español Highlights Population in the Bronx grew by 10.4 percent from 2000 to 2017 (faster … than any other borough), driven primarily by the growth in the immigrant population, but it declined in the next two … Major index crime in the Bronx (which includes murder, rape, felony assault, robbery, burglary, grand larceny and …

DiNapoli Announces Reduction in Employer Contribution Rates for Retirement System

… Comptroller Thomas P. DiNapoli today announced reductions in employer contribution rates to the New York State and … rates will impact payments next State Fiscal Year 2022-23. In addition, DiNapoli lowered the long-term assumed rate of … and best-funded,” DiNapoli said. “While the reduction in employer contribution rates is welcome news for taxpayers, …

DiNapoli: 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 … the increase largely reflects extremely weak collections in the April to June period of 2020. However, even compared …

DiNapoli: Local Tax Cap Will Be Two Percent in 2022

… tax levy growth will be limited to 2% for a third time in four years for local governments with calendar fiscal … first applied to local governments and school districts in 2012, limits annual tax levy increases to the lesser of … Dec. 31) had their levy growth capped at that amount. In 2021, the allowable levy growth was 1.56%. The Office of …

New York’s Economy and Finances in the COVID-19 Era

… Economic Trends Total New York Wages Fell $12.5 Billion in Second Quarter In the second quarter of 2020, total wages paid in New York …

New 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 …

New York’s Economy and Finances in the COVID-19 Era

… Selected Economic Trends Job Losses Are Concentrated in Lower-Paid Sectors Six months into the COVID-19 recession, New Yorkers working in lower-paid sectors continue to suffer a disproportionate … share of job losses statewide and especially in New York City. Among the nearly 1.3 million net jobs the …

DiNapoli: Local Sales Tax Collections Down 7.8 Percent in August

… Local government sales tax revenue declined by 7.8 percent in August compared to the same period last year, according to … billion for counties and cities, or $111 million less than in August 2019. This drop in revenue is similar to the decline in July of 8.2 percent, …

New 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 … Shows Ongoing Financial Insecurity for New Yorkers Nearly 30 percent of all New York households expect a loss of … are not available at the state level.) Figures for May, June and July (including 295,000 layoffs and discharges in …

New 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. …

New York’s Economy and Finances in the COVID-19 Era

… of New York State small businesses received assistance in recent months through the federal government’s Paycheck … survey data for the week ending June 27. $38.2 billion in PPP loans were approved for New York applicants through … provide guidance to lenders about prioritizing borrowers in underserved and rural markets, those borrowers, including …

New 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 … applications were filed from New York in April through June, compared to 55,144 during the first quarter. The nearby … State’s General Fund balance was $6.9 billion as of June 30, $3 billion higher than the Division of the Budget (DOB) …

New York’s Economy and Finances in the COVID-19 Era

… count hit an all-time high of more than 9.8 million in February, reflecting net gains of nearly 2 million jobs … a body blow to the State’s economy, with combined losses in March and April wiping out 24 years of job growth, as shown in the chart below. The April decline of more than 1.9 …

DiNapoli: Local Sales Tax Collections Drop 8.2 Percent in July

… Sales tax revenue for local governments in July fell 8.2 percent compared to … New York State Comptroller Thomas P. DiNapoli. Collections for counties and cities in July totaled $1.3 billion, or $116 … collections drop year over year: only four counties had increases, including Westchester, where its tax rate increase …

New 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 … earlier this year, New York surpasses almost every other in both number and percentage of job losses. From February … August 2020, the Empire State ranks second to Hawaii in percentage of employment decline and second only to …

New York’s Economy and Finances in the COVID-19 Era

… New York State’s unemployment rate dropped to 9.7 percent in September, marking the first time the rate has been below … COVID-19 pandemic. The 2.8 percentage point improvement in the unemployment rate was the second largest among all states, as shown in the map below. New Jersey led the nation with a 4.4 …

DiNapoli: Wall St. Profits Soared in First Half of 2020

… industry saw its pretax profits reach $27.6 billion in the first six months of 2020, an 82 percent increase over … money, plummeting interest rates and rising volume in trading drove profits dramatically upward to a level hard to imagine in March,” DiNapoli said. “Wall Street’s successful first …

New York’s Economy and Finances in the COVID-19 Era

… Above 1 Million After losing more than 1.9 million jobs in March and April, New York State saw steady gains, averaging over 174,000 jobs in each of the following five months. That progress nearly halted in October, when statewide employment rose by less than …