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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 … updated on the state’s economy and finances. Subscribe to get the latest update. Subscribe Read Prior Editions …
https://www.osc.ny.gov/reports/covid-19-october-14-2020New 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 state’s economy and finances. Subscribe to get …
https://www.osc.ny.gov/reports/covid-19-october-28-2020DiNapoli: Wall St. Profits Soared in First Half of 2020
… pretax profits reach $27.6 billion in the first six months of 2020, an 82 percent increase over the same period last … annual report on Wall St.’s performance . “An injection of federal stimulus money, plummeting interest rates and … the securities industry provides an outsized source of revenue, but the rising profits on Wall Street are …
https://www.osc.ny.gov/press/releases/2020/10/dinapoli-wall-st-profits-soared-first-half-2020New York’s Economy and Finances in the COVID-19 Era
… sector, accounted for over 10 percent of job losses. Many jobs in these industries are relatively low-paid … Unemployment Benefits Remain a Financial Lifeline–But for How Long? Unemployment benefits have provided urgently needed … of New York workers in recent months. As of the two weeks ending October 31 and November 7, more than 2.3 million …
https://www.osc.ny.gov/reports/covid-19-december-2-2020DiNapoli: Ex-Lake George Watershed Coalition Director Convicted in Grant Scheme
… David Decker, former director of 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 … David Decker former director of the Lake George Watershed Coalition was convicted in Warren …
https://www.osc.ny.gov/press/releases/2020/03/dinapoli-ex-lake-george-watershed-coalition-director-convicted-grant-schemeDiNapoli, James and Garnett Announce Sentencing in Straw Donation Scheme
… of Investigation Commissioner Margaret Garnett announced the sentencing of non-profit executive Anna Mendez for the misuse of nonprofit funds to fund straw political … "Thanks to our partnership with Attorney General James and the New York City Department of Investigation, Ms. Mendez now …
https://www.osc.ny.gov/press/releases/2020/02/dinapoli-james-and-garnett-announce-sentencing-straw-donation-schemeNew York’s Economy and Finances in the COVID-19 Era
… 9, 2020 Edition Selected Economic Trends More Than Half of Adult New Yorkers Affected by Loss of Employment Income As … reported, New York’s unemployment rate has soared upward in recent months, with May's 14.5 percent nearly four times … in their household will experience a loss in job income in the coming four weeks Source: U.S. Census Bureau, as of …
https://www.osc.ny.gov/reports/covid-19-july-9-2020NYC Surplus Projected to Reach $550 Million in FY 2020
… personal and business income tax collections during the first four months of the year, according to a report … will decline by 26 percent in 2019, profits were up 10 percent in the first three quarters of the year. … which begins April 1, 2020, has grown since August from $4 billion to $6.1 billion according to the state …
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 … MIM is reimbursed for these services through rates set by SED. The reimbursement rates are based on financial … June 30, 2015, we identified $27,970 in costs reported by MIM on its CFR that were ineligible for reimbursement. The …
https://www.osc.ny.gov/state-agencies/audits/2019/12/31/minds-motion-inc-compliance-reimbursable-cost-manualDiNapoli Announces Guilty Plea in Town of Crawford Embezzlement Case
… County District Attorney David M. Hoovler announced that on Thursday, February 13, 2020, Jolene Roy, 45, of Pine Bush, … Crawford Senior Center. Roy is scheduled to be sentenced on May 18, 2020. Roy agreed that on or before that date she will pay $21,296.25 in restitution …
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
… the centerpiece of BuildSmart NY– the Executive’s program for pursuing energy efficiency in certain New York State government buildings while … by creating green jobs and stimulating the marketplace for clean energy and energy-efficient products and services. …
https://www.osc.ny.gov/state-agencies/audits/2020/01/30/compliance-executive-order-88-energy-efficiency-state-buildingsDiNapoli: Outreach Failure Contributes to Rise in Subway Homeless Population
… significantly worse, in part because the city’s Department of Homeless Services (DHS) has neglected to monitor a … Beginning in Jan. 2019, DiNapoli began releasing a series of audits examining MTA’s outreach efforts to the homeless … Road. These audits have generally found lax MTA oversight of the non-profit entities it has hired, even as they failed …
https://www.osc.ny.gov/press/releases/2020/01/dinapoli-outreach-failure-contributes-rise-subway-homeless-populationDiNapoli: Former Riverside Village Clerk Pleads Guilty in $50,000 Theft
… “This case represents yet another in a recent sad epidemic of public trust violations,” Steuben County District Attorney … use without consequences. With the cooperative efforts of village officials, the New York State Comptroller, the New … village will see restitution and the defendant the inside of a jail cell, making clear that this type of behavior will …
https://www.osc.ny.gov/press/releases/2015/03/dinapoli-former-riverside-village-clerk-pleads-guilty-50000-theftDiNapoli: Former Treasurer Arrested in Tupper Lake Fire Department Theft
… Former Tupper Lake Volunteer Fire Department Treasurer Timothy J. Brown was … Tour, using volunteer department money. I thank the Tupper Lake Police Chief Eric Proulx, Acting Franklin County … us hold Mr. Brown accountable." Brown, 53, of Tupper Lake, was charged with grand larceny in the third degree, a …
https://www.osc.ny.gov/press/releases/2015/03/dinapoli-former-treasurer-arrested-tupper-lake-fire-department-theftDiNapoli: State Could Face Tough Fiscal Decisions in Year Ahead
… clean water, affordable housing and other programs, but authorizes more than $10.5 billion in new state debt and … billion more than projected when the fiscal year began but down nearly $1.2 billion from a year earlier. No deposits … the listing of authorized entities and eligible purposes, but does not specify how funds will be allocated, how …
https://www.osc.ny.gov/press/releases/2017/05/dinapoli-state-could-face-tough-fiscal-decisions-year-aheadDiNapoli: Local Sales Tax Collections Up 20% in Third Quarter
… Local sales tax collections totaled $5.2 billion in the third quarter (July-September of 2021), up $861 … impact growth.” Statewide, every region saw solid growth in sales tax collections during the third quarter compared to … City, the July-September period marked the fifth quarter in a row that county and city sales tax receipts met or …
https://www.osc.ny.gov/press/releases/2021/10/dinapoli-local-sales-tax-collections-20-third-quarterDiNapoli: 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-investmentsNew 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 … other economic indicators, as well as tax revenues. Real U.S. gross domestic product is projected to increase by 4.4 …
https://www.osc.ny.gov/reports/covid-19-january-21-2021DiNapoli: Tax Revenues in February $758 Million Over Budget Projections
… year results, tax collections through February were $758.4 million higher than forecast in the most recent Division of the Budget (DOB) update to the State Financial Plan, according to the monthly State Cash Report released today by New York State … year results tax collections through February were $7584 million higher than forecast in the most recent Division of …
https://www.osc.ny.gov/press/releases/2021/03/dinapoli-tax-revenues-february-758-million-over-budget-projectionsDiNapoli: Paycheck Protection Program in NYC Stumbled, but Finding Footing
… New York City was the early epicenter of the COVID-19 pandemic outbreak, but many small businesses hit … difficulties meeting the program’s rigid requirements and lacked access to major lenders, according to a report … New York City was the early epicenter of the COVID19 pandemic outbreak but many …
https://www.osc.ny.gov/press/releases/2021/02/dinapoli-paycheck-protection-program-nyc-stumbled-finding-footing