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DiNapoli: Pandemic Hit to Sales Tax Revenue Threatening Fiscal Health of Local Governments
… in sales tax revenue in 2019, representing 9.7 percent of all local government revenue, according to a comprehensive … services and operations, revealing the statewide impact of the revenue losses from the pandemic. “COVID-19 has … report found that 46 of the 57 counties shared nearly $2 billion in sales tax revenue with other local governments …
https://www.osc.ny.gov/press/releases/2020/10/dinapoli-pandemic-hit-sales-tax-revenue-threatening-fiscal-health-local-governmentsMultiple Same-Day Procedures on Ambulatory Patient Groups Claims (Follow-Up) (2016-F-17)
To determine the implementation status of the five recommendations made in our initial audit report, Multiple Same-Day Procedures on Ambulatory Patient Groups Claims (Report 2012-S-163).
https://www.osc.ny.gov/files/state-agencies/audits/pdf/sga-2017-16f17.pdfUpdate on New York City Staffing Trends
New York City employs the largest municipal workforce in the United States. Prior to the pandemic, the City government (which, unlike many local governments, includes its schools), employed about 300,400 full-time employees, an increase of 33,023 employees since City fiscal year (FY) 2012.
https://www.osc.ny.gov/files/reports/osdc/pdf/report-13-2023.pdfNew York’s Economy and Finances in the COVID-19 Era (February 18, 2021)
… Trends More Than 1.7 Million New York Adults Suffer from Food Scarcity New York ranks seventh among all the states in … in previous surveys dating to August 2020. New York State SNAP Recipients Total More Than 2.7 Million in December More … billion. Unemployment benefits have provided badly needed support to millions of New Yorkers who are struggling with …
https://www.osc.ny.gov/reports/impact-covid-19-february-18-2021DiNapoli: NYC Office Building Market Values Rise Amid Shift in Demand for Space
… values reached nearly $205 billion in fiscal year (FY) 2025, surpassing pre-pandemic levels, according to a report … space use by businesses in the information, financial activities, and professional and business services sectors … The citywide peak-day occupancy rate was 64.2% as of July, according to Kastle Systems, which remains well below …
https://www.osc.ny.gov/press/releases/2024/08/dinapoli-nyc-office-building-market-values-rise-amid-shift-demand-spaceDiNapoli: NYC Forecasts $965 Million Surplus Fueled by Federal Aid
… to an annual average of $2.6 billion, or 3.6% of City-Fund revenues, the lowest level since FY 2016. The city … report also notes: The city has used federal aid to fund new recurring expenses that could add costs of more than …
https://www.osc.ny.gov/press/releases/2021/12/dinapoli-nyc-forecasts-965-million-surplus-fueled-federal-aidOpinion 88-28
… opinion. OFFICIAL NEWSPAPER -- Designation of (criteria for designation in towns) LOCAL LAWS -- Official newspaper … to designate an "official newspaper". However, in order for a publication to be designated an official newspaper, the … not less frequently than once a week, and has been so for at least one year immediately preceding such publication …
https://www.osc.ny.gov/legal-opinions/opinion-88-28DiNapoli: Local Sales Tax Collections Up 3.9% in May Compared to Last Year
… tax growth improved in May after four straight months of either flat or modest increases,” DiNapoli said. “New York City collections continued to be the main driver of growth, although most counties also experienced … the rest of the state totaled $884 million, an increase of 2.6%. More than 80% (46 of 57) of counties experienced …
https://www.osc.ny.gov/press/releases/2024/06/dinapoli-local-sales-tax-collections-up-39-percent-in-may-compared-last-yearDiNapoli Report Analyzes Regional Trends in Education for School Districts Outside New York City
… must navigate a complex set of state rules and local needs to determine how to best educate our children and pay for it,” DiNapoli said. … budgets now and in the future. It is a useful tool to better inform lawmakers, stakeholders and taxpayers about …
https://www.osc.ny.gov/press/releases/2020/03/dinapoli-report-analyzes-regional-trends-education-school-districts-outside-new-york-cityFocus on Facts
… Critical Infrastructure (October 2023) Recent Impact of Gaming Expansions on Revenues and Problem Gambling in New … Owners (March 2024) Performance of Industrial Development Agencies in New York State (May 2024) Tracking the Return: … 2024) Visit the reports page to view all reports. … A list of reports for Focus on Fact sheets …
https://www.osc.ny.gov/focus-onAn Economic Snapshot of the Rockaways - March 2018
The Rockaways is located in the southernmost section of Queens on the Rockaway Peninsula.
https://www.osc.ny.gov/files/reports/osdc/pdf/report-13-2018.pdfProperty Tax Cap Instructions: School Districts
Detailed instructions on property tax cap for school districts can be found in document.
https://www.osc.ny.gov/files/local-government/property-tax-cap/pdf/instructions_0.pdfDiNapoli: Local Sales Tax Collections Up 1.5% in April Compared to Last Year
… and Finance. The amounts are based on estimates of what each municipality is due. In the third month of each …
https://www.osc.ny.gov/press/releases/2024/05/dinapoli-local-sales-tax-collections-15-april-compared-last-yearDiNapoli: Local Sales Tax Collections Near Flat in January Compared to Last Year
… remain cautious in their sales tax revenue projections for 2024.” In January 2024: New York City’s collections … reported sales by vendors. The next quarterly numbers (for January to March) will be available in April. Table …
https://www.osc.ny.gov/press/releases/2024/02/dinapoli-local-sales-tax-collections-near-flat-january-compared-last-yearDiNapoli: Local Sales Tax Collections Up 1.6% in February Compared to Last Year
… and Finance, and the amounts are based on estimates of what each municipality is due. In the third month of each …
https://www.osc.ny.gov/press/releases/2024/03/dinapoli-local-sales-tax-collections-16-february-compared-last-yearDiNapoli: Local Sales Tax Collections Up 2.5% in October Compared to Last Year
… Local sales tax collections in New York state increased by 2.5% in October compared to the same month in 2022, according to … was seen in the years before the pandemic, is a positive sign of stability and could help local officials better …
https://www.osc.ny.gov/press/releases/2023/11/dinapoli-local-sales-tax-collections-2-point-5-percent-october-compared-last-yearInvestors: Exxon Needs to Step Up on Climate Change
… I hope that the company will move quickly to provide the 2 degree analysis that investors expect from the oil and gas … and to address the financial risks associated with that 2-degree scenario. The proposal is supported by proxy advisory … meaningful analysis of how the globally agreed upon 2-degree target will affect its position in the marketplace. …
https://www.osc.ny.gov/press/releases/2017/05/investors-exxon-needs-step-climate-changeOpinion 90-28
… before the agencies specified in the statute (see 1970 New York State Legislative Annual, pp 205, 539), it is well …
https://www.osc.ny.gov/legal-opinions/opinion-90-28DiNapoli: State Pension Fund Value $178.1 Billion
… markets during a volatile year. The Fund has an estimated value of $178.1 billion. “Despite weak equity markets, the … expected rate of return is 7 percent. The Fund’s value reflects $10.9 billion in benefits paid out during the … years 2014-2015 and 2015-2016. A graph showing the Fund’s value since 1993 is available here: …
https://www.osc.ny.gov/press/releases/2016/06/dinapoli-state-pension-fund-value-1781-billionDiNapoli Op-Ed in Newsday Urges Leaders to Seize This Chance to Improve NY’s Finances
… and using it to pay for critical infrastructure projects. In April, state leaders enacted the largest budget in New York history, more than $208 billion. The spending … pattern among high-income taxpayers, particularly in New York City, which has the highest combined state and …
https://www.osc.ny.gov/press/releases/2021/08/dinapoli-op-ed-newsday-urges-leaders-seize-chance-improve-nys-finances