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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 …
https://www.osc.ny.gov/press/releases/2022/08/dinapoli-local-sales-tax-collections-nearly-12-percent-julyNew 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 …
https://www.osc.ny.gov/reports/covid-19-december-16-2020New 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, …
https://www.osc.ny.gov/reports/covid-19-december-2-2020New 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 …
https://www.osc.ny.gov/reports/covid-19-september-30-2020DiNapoli: 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 …
https://www.osc.ny.gov/press/releases/2022/05/dinapoli-local-sales-tax-collections-nearly-16-percent-aprilDiNapoli: 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 …
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
… 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 …
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
… 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, …
https://www.osc.ny.gov/press/releases/2021/02/dinapoli-paycheck-protection-program-nyc-stumbled-finding-footingDiNapoli: 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 …
https://www.osc.ny.gov/press/releases/2022/11/dinapoli-local-sales-tax-collections-grew-14-octoberDiNapoli: 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 …
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
… 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 …
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
… 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 … Total employment in New York State fell in March and again much more sharply in April with a combined loss of more than …
https://www.osc.ny.gov/reports/covid-19-november-12-2020New 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 … May through August. However, those gains, over 686,000 jobs, represented only 35 percent of the record-breaking loss … New York State Ranks Second Nationally in Jobs Lost …
https://www.osc.ny.gov/reports/covid-19-october-14-2020New York’s Economy and Finances in the COVID-19 Era
… difference in how aid was disbursed geographically. Only 19 of the 57 counties outside of New York City (the … and Safety Net Assistance adult recipients, while only 12 counties saw increases in Family Assistance adult …
https://www.osc.ny.gov/reports/covid-19-october-28-2020DiNapoli: Wall St. Profits Soared in First Half of 2020
… new round of stimulus and relief. Wall Street’s growth can only be sustained if there is broad economic recovery.” … plan update. Bonus declines of larger magnitude occurred only during the last two recessions. DiNapoli will release …
https://www.osc.ny.gov/press/releases/2020/10/dinapoli-wall-st-profits-soared-first-half-2020DiNapoli: Local Sales Tax Collections Down 7.8 Percent in August
… period of the pandemic’s effects (starting in March, when only New York City was showing losses, and continuing through …
https://www.osc.ny.gov/press/releases/2020/09/dinapoli-local-sales-tax-collections-down-78-percent-augustNew York’s Economy and Finances in the COVID-19 Era
… nonprofit organizations and other entities. The federal CARES Act provided $5.1 billion to New York State through the … Coronavirus Relief Fund. As of September 11, the State’s CARES Act Fund held a balance of just under $4 billion. A … rates and self-response rates by neighborhood in New York City. Including households counted by census takers, 92 …
https://www.osc.ny.gov/reports/covid-19-september-16-2020New York’s Economy and Finances in the COVID-19 Era
… while 5 percent experienced positive effects, and only 10 percent said the pandemic had little or no impact. … having either no cash on hand for business operations, or only enough for two weeks or less. Another 17 percent …
https://www.osc.ny.gov/reports/covid-19-september-2-2020DiNapoli: Outreach Failure Contributes to Rise in Subway Homeless Population
… it was hired for, according to an audit released today by New York State Comptroller Thomas P. DiNapoli. “Homeless … of the high risk stations and medium stations, while in Brooklyn it didn’t make the required visits to one-third of … had called in sick. March 20, 2019 at Crown Heights/Utica Ave. (3/4) station and Utica Ave. (A/C) station. Outreach …
https://www.osc.ny.gov/press/releases/2020/01/dinapoli-outreach-failure-contributes-rise-subway-homeless-populationNYC Surplus Projected to Reach $550 Million in FY 2020
… New York City now projects a surplus of $550 million in fiscal year 2020, reflecting stronger-than-expected … of the year, according to a report released today by New York State Comptroller Thomas P. DiNapoli. “New York … New York City now projects a surplus of $550 million in …
https://www.osc.ny.gov/press/releases/2019/12/nyc-surplus-projected-reach-550-million-fy-2020