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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 State’s economy and … rates for New York State, New York City and the balance of the State spiked upward in April 2020. At that point, and …
https://www.osc.ny.gov/reports/covid-19-february-3-2021New York’s Economy and Finances in the COVID-19 Era
… January 7, 2021 Edition Selected Economic Trends Student Loan Balances Up 3.9% in New York; Will Pandemic-Related … in June 2020. Delinquent borrowers have payments that are late 90 days or more. Student loans include federal student … from 11.1 percent in 2019 to 7.4 percent in 2020, a drop of a third, comparable to the declines of a quarter to …
https://www.osc.ny.gov/reports/covid-19-january-7-2021New York’s Economy and Finances in the COVID-19 Era
… receipts in the current year and the next two fiscal years will be higher than projected by the Division of the Budget …
https://www.osc.ny.gov/reports/covid-19-november-12-2020New York’s Economy and Finances in the COVID-19 Era
… BLS add to the picture. Total wages in accommodation and food services fell by $3.5 billion, a drop of nearly 60 … Construction $5,551.6 ($1,872.6) -25.2% Accommodation and food services $2,427.2 ($3,525.5) -59.2% Note: Sectors shown … Assistance Program benefits (SNAP, formerly known as food stamps) in September, according to the latest available data. …
https://www.osc.ny.gov/reports/covid-19-december-16-2020New York’s Economy and Finances in the COVID-19 Era
… York State has drawn UI funding advances from the federal government’s Unemployment Trust Fund (UTF) to meet the … State. The State’s outstanding balance owed to the federal government from these loans was more than $8.5 billion as of …
https://www.osc.ny.gov/reports/covid-19-december-2-2020NYC Surplus Projected to Reach $550 Million in FY 2020
… but the city should continue to increase its reserves and look for opportunities for savings.” The city intends to …
https://www.osc.ny.gov/press/releases/2019/12/nyc-surplus-projected-reach-550-million-fy-2020Minds in Motion, Inc. – Compliance With the Reimbursable Cost Manual
… Objective To determine whether the costs reported by Minds in Motion, Inc. (MIM) on its Consolidated Fiscal Reports … for-profit special education provider located in Newburgh. MIM provides preschool special education … the fiscal year ended June 30, 2015, MIM reported $571,094 in reimbursable costs for the one rate-based preschool …
https://www.osc.ny.gov/state-agencies/audits/2019/12/31/minds-motion-inc-compliance-reimbursable-cost-manualHomeless Outreach Services in the New York City Subway System
… and monitoring controls over homeless outreach services in the New York City subway system and whether they have met their goal in reducing the number of homeless individuals in the subway system through placements. The audit covers the …
https://www.osc.ny.gov/state-agencies/audits/2020/01/16/homeless-outreach-services-new-york-city-subway-systemOversight of Resident Care-Related Medical Equipment in Nursing Homes (Follow-Up)
… in a timely manner and reports deficient practices to the public, as required. However, we identified gaps in the …
https://www.osc.ny.gov/state-agencies/audits/2019/11/18/oversight-resident-care-related-medical-equipment-nursing-homes-followDiNapoli: Outreach Failure Contributes to Rise in Subway Homeless Population
… the subway homeless population, the homeless situation in the subways has grown significantly worse, in part because the city’s Department of Homeless Services … State Comptroller Thomas P. DiNapoli. “Homeless outreach in the subway has been so shoddy and with so little oversight …
https://www.osc.ny.gov/press/releases/2020/01/dinapoli-outreach-failure-contributes-rise-subway-homeless-populationDiNapoli: NYS Pension Fund Announces $400 Million in Sustainable Investments
… creates opportunities for the state pension fund to invest in the companies and funds that are best positioned for the … we announced today aim to take advantage of the growth in climate investing and to strengthen our portfolio for the … a European investment fund that will focus on investments in renewable assets including onshore and offshore wind and …
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
… through February were $758.4 million higher than forecast in the most recent Division of the Budget (DOB) update to the … DiNapoli said. “While these resources will be helpful in the state’s ongoing recovery effort, it is important to … and think long-term, as challenges remain.” Tax revenues in the month of February totaled $7 billion, $1.8 billion …
https://www.osc.ny.gov/press/releases/2021/03/dinapoli-tax-revenues-february-758-million-over-budget-projectionsDiNapoli: Ex-Lake George Watershed Coalition Director Convicted in Grant Scheme
… the Lake George Watershed Coalition, was convicted today in Warren County Court of two counts of Grand Larceny in the Second Degree, Scheme to Defraud in the First Degree and related false filing charges, related …
https://www.osc.ny.gov/press/releases/2020/03/dinapoli-ex-lake-george-watershed-coalition-director-convicted-grant-schemeDiNapoli Announces Guilty Plea in Town of Crawford Embezzlement Case
… that on Thursday, February 13, 2020, Jolene Roy, 45, of Pine Bush, pleaded guilty before Orange County Court Judge Craig Stephen Brown, to Grand Larceny in the Third Degree and Tampering with Public Records in the First Degree, in connection with the embezzlement of over $21,000 from the Town of Crawford, where Roy served …
https://www.osc.ny.gov/press/releases/2020/02/dinapoli-announces-guilty-plea-town-crawford-embezzlement-caseCompliance With Executive Order 88 – Energy Efficiency in State Buildings
… with EO 88 Guidelines. The audit covered the period from April 1, 2014 through October 17, 2019. About the … than 100,000 gross square feet by December 31, 2016, as required. Furthermore, only 6 of 159 total planned submeters … of energy use and providing alerts to facility staff, as required, by the December 31, 2017 deadline. DOCCS officials …
https://www.osc.ny.gov/state-agencies/audits/2020/01/30/compliance-executive-order-88-energy-efficiency-state-buildingsDiNapoli 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
… totaled $5.2 billion in the third quarter (July-September of 2021), up $861 million (20%) from the same period last year and continuing the trend of exceeding pre-pandemic levels, according to a report … experiencing significant drops during the early outbreak of the COVID-19 pandemic,” DiNapoli said. “This growth is an …
https://www.osc.ny.gov/press/releases/2021/10/dinapoli-local-sales-tax-collections-20-third-quarterDiNapoli: Local Sales Taxes Jump 49.2 Percent in Second Quarter
… Sales tax revenue for local governments in New York state … according to State Comptroller Thomas P. DiNapoli . Sales tax collections during this period grew by just over …
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
… at 2% for 2022 for local governments that operate on a calendar-based fiscal year, State Comptroller Thomas P. … for a third time in four years for local governments with calendar fiscal years," DiNapoli said. "As the economy … is the third time since 2019 that municipalities with a calendar year fiscal year (Jan. 1 through Dec. 31) had their …
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
… -9.3% $69,152 Financial Activities -37.9 -5.2% $191,494 Information -10.6 -3.9% $135,963 Source: NYS Department of …
https://www.osc.ny.gov/reports/covid-19-september-30-2020