Search

New Yorkers in Need: Food Insecurity and Nutritional Assistance Programs

Millions of New Yorkers face daily challenges as a result of living in or near the federal poverty level resulting in painful choices between satisfying basic needs such as shelter health care food or transportation

DiNapoli: Local Sales Tax Collections Grow by Nearly 9% in November

… Local sales tax collections in New York state increased by 8.8% in … time last year. “November marked another solid month for sales tax collections for local governments,” DiNapoli said. … should continue to monitor the economic factors impacting sales tax when estimating their own revenue projections for …

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

IX.4 Establish & Maintain Federal Grants in SFS for Onboarding Agencies – IX. Federal Grants

… Statewide Financial System (SFS). In order to establish a grant in the SFS, there is certain mandatory information that … Operations (BSAO) to completely and accurately report grant activity and/or request federal funds needed to finance … appropriated federal funds. When a federal agency awards a grant to NYS, they issue a Grant Award Document or Notice …

DiNapoli: Local Sales Tax Collections Up 20% in Third Quarter

… Local sales tax collections totaled $5.2 billion in the third … today from State Comptroller Thomas P. DiNapoli. “Local sales tax collections continue to show year-over-year growth … growth.” Statewide, every region saw solid growth in sales tax collections during the third quarter compared to …

DiNapoli Announces Reduction in Employer Contribution Rates for Retirement System

… The adjusted rates will impact payments next State Fiscal Year 2022-23. In addition, DiNapoli lowered the long-term … the state pension fund is 99.3%. The state pension fund’s annualized rates of return are 11.17% over the past five years, 9.19.% over 10 years, 7.65% over 20 years and 8.96% over 30 years. …

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

… February’s level — one indication that recovery has been only partial. Extraordinary unemployment benefits funded by … state-federal UI program. Those temporary programs covered only certain periods, contributing to the decline in overall …

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

… Department of Labor. Unemployment rates are driven not only by employment, but also by the proportion of working-age …

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

… and food services industries. The utilities sector was the only industry to experience continued decline from the second …

DiNapoli: Local Sales Tax Collections Up Nearly 12% in July

… and Finance. In the third month of each calendar year quarter, these distributions are adjusted upward or downward, so that the quarter as a whole reflects reported sales by vendors. The … will be available in October, and will be the first to reflect the sales tax impact of the gas tax holiday …

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 State declined by $12.5 billion or 7.4 percent in … In the second quarter of 2020 total wages paid in New York State declined by $125 billion or 74 percent in …

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

… General Fund). However, DOB has identified $2.7 billion in payroll costs for such employees as eligible for CRF funding, …

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

… comparatively low wages, lost 93,000 jobs, one in every 10 of its previous total. By contrast, finance and insurance … in the second quarter of 2020 on a seasonally adjusted, annualized basis, according to BEA data. The portion of … is anticipated to be repaid before the end of the fiscal year, and more than $1.9 billion in delayed payments to local …

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

… of the state, the continued rise in the price of goods and services has increased the cost of doing business for … are based on estimates by the Department of Taxation and Finance. The distributions in the third month of each … July. Table Monthly Local Sales Tax Collections by County and Region (for detailed monthly breakdown) Track state and …

DiNapoli: NYS Pension Fund Announces $400 Million in Sustainable Investments

… The New York State Common Retirement Fund (Fund) has committed … Thomas P. DiNapoli, trustee of the Fund, announced today. This action is tied to DiNapoli’s comprehensive … real assets (sustainable infrastructure), and real estate. New York State Common Retirement Fund The New York State …

DiNapoli: Tax Revenues in February $758 Million Over Budget Projections

… to lag prior year results, tax collections through February were $758.4 million higher than forecast in the most … fiscal year 2021 totaled $75 billion through the end of February. “There is reason to be cautiously optimistic with better-than-forecasted tax revenues from February and the passing of significant additional federal …

DiNapoli: Paycheck Protection Program in NYC Stumbled, but Finding Footing

… April ($320 billion) and December ($284 billion). Phase One of PPP Left Out Hardest Hit Small and Minority Businesses DiNapoli’s report noted that during Phase One, the program’s requirements prevented or … neighborhoods where more loans were granted. In the first phase of PPP loan disbursements, which began in April 2020, …

DiNapoli: Local Sales Tax Collections Grew by 14% in October

… said. “However, as inflation continues to increase costs for many municipalities, it is important that local officials … reported sales by vendors. The next quarterly numbers (for October-December) will be available in January. Table … Monthly Local Sales Tax Collections by County and Region (for detailed monthly breakdown) Track state and local …

DiNapoli: Local Sales Taxes Jump 49.2 Percent in Second Quarter

… The second change, the marketplace provision, now requires online marketplace providers, such as eBay and Etsy, to … behavior by reducing in-person purchases and increasing online shopping. Regionally, the percentage of taxable sales … had relatively high percentages of revenue from online vendors, as did Putnam County. Such counties likely …

DiNapoli: Local Tax Cap Will Be Two Percent in 2022

… federal financial assistance. At the same time, the risk of inflationary cost increases and the need for investments … in 2012, limits annual tax levy increases to the lesser of the rate of inflation or 2% with certain exceptions, including a …