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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 …
https://www.osc.ny.gov/reports/covid-19-august-5-2020New 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) …
https://www.osc.ny.gov/reports/covid-19-july-22-2020New 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 …
https://www.osc.ny.gov/reports/covid-19-august-19-2020DiNapoli: 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 …
https://www.osc.ny.gov/press/releases/2020/08/dinapoli-local-sales-tax-collections-drop-82-percent-julyNew 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 …
https://www.osc.ny.gov/reports/covid-19-october-14-2020New York’s Economy and Finances in the COVID-19 Era
… reported, New York’s unemployment rate has soared upward in recent months, with May's 14.5 percent nearly four times the 3.7 percent in February. But that rate is only one measure of the impact …
https://www.osc.ny.gov/reports/covid-19-july-9-2020New 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 …
https://www.osc.ny.gov/reports/covid-19-october-28-2020DiNapoli: 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 …
https://www.osc.ny.gov/press/releases/2020/10/dinapoli-wall-st-profits-soared-first-half-2020Recent 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 …
https://www.osc.ny.gov/reports/osdc/recent-trends-and-impact-covid-19-bronxNew York’s Economy and Finances in the COVID-19 Era
… Real U.S. gross domestic product is projected to increase by 4.4 percent in calendar year 2021 after an estimated … percent in 2020, U.S. employment is projected to increase by 2.7 percent in 2021 and reach its pre-pandemic level in … the economy. The number of New Yorkers with jobs plunged by 1.5 million in March and April. As of November, the count …
https://www.osc.ny.gov/reports/covid-19-january-21-2021DiNapoli: Paycheck Protection Program in NYC Stumbled, but Finding Footing
… businesses and the additional funding is a welcome shot in the arm. Lawmakers and administrators should keep … Washington allocated a total of $953 billion for the PPP in three rounds of funding in March ($349 billion), April ($320 billion) and December …
https://www.osc.ny.gov/press/releases/2021/02/dinapoli-paycheck-protection-program-nyc-stumbled-finding-footingNew York’s Economy and Finances in the COVID-19 Era
… New York City and the balance of the State spiked upward in April 2020. At that point, and in the months immediately before, the percentages of officially unemployed workers in the City and in the rest of the State were nearly …
https://www.osc.ny.gov/reports/covid-19-february-3-2021New 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 …
https://www.osc.ny.gov/reports/covid-19-january-7-2021New 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. …
https://www.osc.ny.gov/reports/covid-19-november-12-2020New 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 …
https://www.osc.ny.gov/reports/covid-19-december-16-2020New 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 …
https://www.osc.ny.gov/reports/covid-19-december-2-2020Compliance With the Safe Schools Against Violence in Education Act
… City are properly and accurately reporting statistics on crime and incidents to the State Education Department … 16, 2014. Background The Safe Schools Against Violence in Education Act (SAVE Act) was enacted in July 2000 to … unsafe. The Department posts incident data and the list of persistently dangerous schools on its website, and …
https://www.osc.ny.gov/state-agencies/audits/2015/01/13/compliance-safe-schools-against-violence-education-actDiNapoli: Franklin School District Saves $826,000 in Health Care Costs
… New York State Comptroller Thomas P. DiNapoli. “In a time of limited resources and increasingly tight budgets, school … rates to the new carrier, Franklin CSD saved a total of $543,000 from 2013 through 2015. During the same time … such an incentive, the district would have paid a total of $321,000 in health insurance premiums for these …
https://www.osc.ny.gov/press/releases/2016/04/dinapoli-franklin-school-district-saves-826000-health-care-costsDiNapoli: Two Western NY BOCES Holding Millions in Surplus Funds
… BOCES officials disputed some of the audit findings. Their full response is included in the final audit report, which …
https://www.osc.ny.gov/press/releases/2016/08/dinapoli-two-western-ny-boces-holding-millions-surplus-fundsDiNapoli: Local Sales Tax Collections Up 1.6% in First Quarter
… Local government sales tax collections totaled $5.6 billion in the first calendar quarter (January-March) of 2024, an … year, the lowest rate of growth since the first quarter in 2021, according to a report released today by State … decline for the quarter. “Local sales tax collections in the first quarter showed modest year-over-year growth, led …
https://www.osc.ny.gov/press/releases/2024/04/dinapoli-local-sales-tax-collections-16-first-quarter