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New 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-2-2020New York’s Economy and Finances in the COVID-19 Era
… Selected Economic Trends Job Losses Are Concentrated in Lower-Paid Sectors Six months into the COVID-19 recession, New Yorkers working in lower-paid sectors continue to suffer a disproportionate … share of job losses statewide and especially in New York City. Among the nearly 1.3 million net jobs the …
https://www.osc.ny.gov/reports/covid-19-september-30-2020DiNapoli: Local Sales Tax Collections Up Nearly 16% in April
… Local government sales tax collections grew by 15.7% in April compared to the same month in 2021, according to an analysis released today by State … April of last year. “While local sales tax collections in April were strong throughout most of the state, the … Local government sales tax collections grew by 157 in April compared to the same month in 2021 according to an …
https://www.osc.ny.gov/press/releases/2022/05/dinapoli-local-sales-tax-collections-nearly-16-percent-aprilDiNapoli: Tax Revenues in February $758 Million Over Budget Projections
… State Comptroller Thomas P. DiNapoli. State tax revenues for fiscal year 2021 totaled $75 billion through the end of … year. This is largely due to higher federal reimbursement for Medicaid spending, as well as the withholding of certain … payments and public authority data. Visit the Reading Room for contract FOIL requests, bid protest decisions and …
https://www.osc.ny.gov/press/releases/2021/03/dinapoli-tax-revenues-february-758-million-over-budget-projectionsDiNapoli: Local Sales Tax Collections Grew by 14% in October
… York state increased by 14.1% in October compared to the same month in 2021, according to an analysis released today … totaled $1.75 billion, up $217 million compared to the same time last year. “October’s sales tax collections saw the … New York state increased by 141 in October compared to the same month in 2021 according to an analysis released today by …
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
… New York state rose by 49.2% in the second quarter (April to June 2021) compared to the same period last year, a dramatic increase from last … during the first wave of the COVID-19 pandemic, according to State Comptroller Thomas P. DiNapoli . Sales tax … in New York state rose by 492 in the second quarter April to June 2021 compared to the same period last year a dramatic …
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
… Trends After Five Months, Jobs Recovery Varies Across New York Total employment in New York State fell in March, and again—much more sharply—in … the State’s fifteen metropolitan statistical areas (MSAs). New York City, an early epicenter of the COVID-19 pandemic, …
https://www.osc.ny.gov/reports/covid-19-november-12-2020New York’s Economy and Finances in the COVID-19 Era
… Latest Updates The State Comptroller’s office is committed to keeping New Yorkers regularly updated on the state’s … by 1.7 percent in the State. Industry Proportion of Change in GDP Accommodation and food services 16.4% Health … question asked at the beginning of the survey pertains to how the business has been affected overall by the COVID-19 …
https://www.osc.ny.gov/reports/covid-19-october-14-2020New 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: Local Sales Tax Collections Down 7.8 Percent in August
… state saw drops in overall collections for August, ranging from 1.3 percent in Tioga to 35.5 percent in Delaware. New … 27.1 percent in the April-June quarter, down $1.2 billion from collections in the same quarter of 2019. Over the …
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
… Shows Ongoing Financial Insecurity for New Yorkers Nearly 30 percent of all New York households expect a loss of … Nearly 30 percent of all New York households expect a loss of …
https://www.osc.ny.gov/reports/covid-19-september-16-2020DiNapoli: Outreach Failure Contributes to Rise in Subway Homeless Population
… had called in sick. March 20, 2019 at Crown Heights/Utica Ave. (3/4) station and Utica Ave. (A/C) station. Outreach workers didn’t show at these … Sq NQR” and “’I’M OKAY F Train Unknown’ at 14th Street-6th Ave FLM.” While some people may resist giving their names, …
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
… the city should continue to increase its reserves and look for opportunities for savings.” The city intends to transfer the surplus to FY … surplus, the city’s budgeted general reserve currently stands at $1.15 billion in FY 2020 and $1 billion annually in …
https://www.osc.ny.gov/press/releases/2019/12/nyc-surplus-projected-reach-550-million-fy-2020New York’s Economy and Finances in the COVID-19 Era
… in February, reflecting net gains of nearly 2 million jobs since April 1996. The COVID-19 pandemic dealt a body … million represented the State’s largest monthly loss of jobs on record. New York City lost 944,000 jobs from February to April, and recovered 12.9 percent …
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 the same period last … Thomas P. DiNapoli. Collections for counties and cities in July totaled $1.3 billion, or $116 million less than in July 2019. Although revenue is still down compared to July …
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
… Subscribe for Latest Updates The State Comptroller’s office is … Program (PPP), according to Census Bureau survey data for the week ending June 27. $38.2 billion in PPP loans were approved for New York applicants through July 24, 2020, according to …
https://www.osc.ny.gov/reports/covid-19-august-5-2020New York’s Economy and Finances in the COVID-19 Era
… these applications declined by 3.5 percent. 1 in 3 Adult New Yorkers Report Symptoms of Anxiety Significant … COVID-19 Emotional Support Hotline at 1-844-863-9314 for free, confidential help. The State Department of Health … million used for State Police personnel costs, medical supplies and other expenses through June 30. As of July 8, …
https://www.osc.ny.gov/reports/covid-19-july-22-2020New York’s Economy and Finances in the COVID-19 Era
… of lost jobs. 53% of New York adults age 18 and over live in households that have lost employment income since … Data For example, while 10 percent of all U.S. adults live in households reporting not having enough to eat in the … In the wake of COVID19 more than half of adult New Yorkers live in households that have lost employment income …
https://www.osc.ny.gov/reports/covid-19-july-9-2020DiNapoli: Ex-Lake George Watershed Coalition Director Convicted in Grant Scheme
… David Decker, former director of the Lake George Watershed Coalition, was convicted today in … state grant funds meant to improve the area surrounding Lake George, according to New York State Comptroller Thomas … 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-scheme