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New 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 Student Loan Balances Up 3.9% in New York; Will Pandemic-Related Relief Be Extended Again? New … New Yorkers average student loan balance rose by 39 percent …
https://www.osc.ny.gov/reports/covid-19-january-7-2021New York’s Economy and Finances in the COVID-19 Era
… Economic Trends Job Recovery and Unemployment Rates: New York City and New York State Unemployment rates for New York State, New York City and the balance of the State … Unemployment rates for New York State New York City and the balance of the State spiked upward in …
https://www.osc.ny.gov/reports/covid-19-february-3-2021DiNapoli: Post-Pandemic Unemployment in NYC Persists for Some Demographic Groups
… of the pandemic. Workers aged 55 to 64 are the only age group whose current unemployment rate is below pre-pandemic … are closest to their pre-pandemic rate and are the only group whose unemployment was under 3% in 2025. DiNapoli’s … has to do, in part, with native-born youth. In 2025, this group faced an unemployment rate of 12.4%, two points higher …
https://www.osc.ny.gov/press/releases/2026/04/dinapoli-post-pandemic-unemployment-nyc-persists-some-demographic-groupsDiNapoli: Two Western NY BOCES Holding Millions in Surplus Funds
… The Cattaraugus-Allegany-Erie-Wyoming and Orleans/Niagara … Educational Services (BOCES) withheld millions of dollars in surplus funds that should have been refunded to local school districts, according to separate audits … The CattaraugusAlleganyErieWyoming and OrleansNiagara Boards …
https://www.osc.ny.gov/press/releases/2016/08/dinapoli-two-western-ny-boces-holding-millions-surplus-fundsDiNapoli Audit: Next In Line For Mitchell-Lama Apartments Were Skipped
… fairly,” DiNapoli said. “No one should wait years for an apartment only to be passed over without explanation. Greater … the manager but never responded. One applicant for a three-bedroom unit at Washington Square was noted to have failed to … An applicant farther down the list was awarded a three-bedroom apartment instead. Apartments Listed on Airbnb …
https://www.osc.ny.gov/press/releases/2015/07/dinapoli-audit-next-line-mitchell-lama-apartments-were-skippedDiNapoli Highlights Investment in Rochester Region Through State Pension Fund
… including energy, electronics and medical sectors as well as general industrial manufacturers. The company has more than 80 employees at its headquarters in the … instruments. About Ambrell Ambrell is a leading manufacturer of induction heating systems, with 10,000 …
https://www.osc.ny.gov/press/releases/2014/06/dinapoli-highlights-investment-rochester-region-through-state-pension-fundTransparency and Accountability of Fiscal Activities in Villages (2024-MS-2)
… by making financial information readily available to the public. By being open, providing information and keeping public records … financial activities current and accessible, residents are able to see how their tax dollars are being spent, and … by making financial information readily available to the public By being open taxpayers are given the opportunity to …
https://www.osc.ny.gov/local-government/audits/statewide-audit/2024/12/20/transparency-and-accountability-fiscal-activities-villages-2024-ms-2School Districts – Lead in Water: Testing and Reporting (2025-MS-2)
… Manual (DOH guidance), we assessed whether the officials at 21 school districts (together, Districts) that had 26,099 … and Testing – Of the 6,431water outlets we identified at select areas within various buildings at all 21 Districts, that students, staff and the public may …
https://www.osc.ny.gov/local-government/audits/school-district/2025/12/31/school-districts-lead-water-testing-and-reporting-2025-ms-2DiNapoli: NYS Pension Fund Announces $400 Million in Sustainable Investments
… renewable assets including onshore and offshore wind and solar, as well as climate infrastructure assets that support … will target investments in renewable power assets such as solar and wind. Background on Climate Investment Actions …
https://www.osc.ny.gov/press/releases/2021/04/dinapoli-nys-pension-fund-announces-400-million-sustainable-investmentsDiNapoli: Local Sales Taxes Jump 49.2 Percent in Second Quarter
… the chance to improve their fiscal stability, but it will take time to recover from the strain caused by the COVID-19 … The second change, the marketplace provision, now requires online marketplace providers, such as eBay and Etsy, to … outcome during this period was likely due, in part, to how the pandemic influenced consumer behavior by …
https://www.osc.ny.gov/press/releases/2021/07/dinapoli-local-sales-taxes-jump-49-point-2-percent-second-quarterDiNapoli Announces Reduction in Employer Contribution Rates for Retirement System
… for long-term, steady returns helps ensure our state’s pension fund will continue to be one of the nation’s … marks the fourth time that DiNapoli has lowered the state pension fund’s assumed rate of return as economic and … 6.8%. The median assumed rate of return among state public pension funds is 7.0% as of August 2021, according to the …
https://www.osc.ny.gov/press/releases/2021/08/dinapoli-announces-reduction-employer-contribution-rates-retirement-systemDiNapoli: Local Sales Tax Collections Up 20% in Third Quarter
… compared to the same period last year. Outside of New York City, the July-September period marked the fifth quarter in a row that county and city sales tax receipts met or exceeded 2019 pre-pandemic … of more indoor venues such as restaurants, theaters and sports arenas, as well as more offices requiring workers to …
https://www.osc.ny.gov/press/releases/2021/10/dinapoli-local-sales-tax-collections-20-third-quarterDiNapoli: 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 … Local government sales tax collections grew by 157 in April compared to the same month in 2021 according to an …
https://www.osc.ny.gov/press/releases/2022/05/dinapoli-local-sales-tax-collections-nearly-16-percent-aprilDiNapoli: Local Sales Tax Collections Up Nearly 12% in July
… in July, despite the participation of many counties in the gas tax holiday,” DiNapoli said. “However, it is important … are based on estimates by the Department of Taxation and Finance. In the third month of each calendar year quarter, … will be the first to reflect the sales tax impact of the gas tax holiday on a county-by-county basis. Table Monthly …
https://www.osc.ny.gov/press/releases/2022/08/dinapoli-local-sales-tax-collections-nearly-12-percent-julyDiNapoli: New York Sees Improvement in Condition of Local Bridges
… One in 10 locally owned bridges in New York state is rated in poor condition, according to a … there is a great deal more work that needs to be done in New York. Local governments need this funding to continue … One in 10 locally owned bridges in New York state …
https://www.osc.ny.gov/press/releases/2024/07/dinapoli-new-york-sees-improvement-condition-local-bridgesDiNapoli: Outreach Failure Contributes to Rise in Subway Homeless Population
… of the high risk stations and medium stations, while in Brooklyn it didn’t make the required visits to one-third of … March 1, 2019 at Chambers St. (1/2/3) station and Fulton Center station. Outreach workers didn’t arrive for a … because assigned staff called in sick. May 9, 2019 Jamaica Center Parsons/Archer (E/J/Z) station. Although BRC filed a …
https://www.osc.ny.gov/press/releases/2020/01/dinapoli-outreach-failure-contributes-rise-subway-homeless-populationDiNapoli: Local Sales Tax Collections Down 7.8 Percent in August
… DiNapoli said. "Washington needs to stop playing political games and provide financial help to local governments to …
https://www.osc.ny.gov/press/releases/2020/09/dinapoli-local-sales-tax-collections-down-78-percent-augustDiNapoli: 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: Paycheck Protection Program in NYC Stumbled, but Finding Footing
… and New Springville/South Beach in Staten Island. In Brooklyn, only Brooklyn Heights/Fort Greene was above the citywide average … loans in Phase One. All other neighborhoods in Manhattan, Brooklyn and Queens, and every neighborhood in the Bronx, got …
https://www.osc.ny.gov/press/releases/2021/02/dinapoli-paycheck-protection-program-nyc-stumbled-finding-footingDiNapoli: Local Tax Cap Will Be Two Percent in 2022
… P. DiNapoli announced today. This figure affects tax cap calculations for all counties, towns, and fire districts, … may lead to challenging budget decisions ahead.” The tax cap, which first applied to local governments and school … a provision that allows municipalities to override the tax cap. The 2% cap for the 2022 fiscal year is the third time …
https://www.osc.ny.gov/press/releases/2021/07/dinapoli-local-tax-cap-will-be-two-percent-2022