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Local Sales Tax Collections Grew by Over 9% in January Compared to Last Year
… billion, up $159 million compared to the same time last year. “As we head into a new year, local sales tax growth remains quite strong,” DiNapoli … over January of 2022. Every county experienced some year-over-year growth in January collections, with Delaware …
https://www.osc.ny.gov/press/releases/2023/02/dinapoli-local-sales-tax-collections-grew-over-9-percent-january-compared-last-yearDiNapoli: Local Sales Tax Collections in October Up Nearly 13% From 2020
… for all localities totaled more than $1.5 billion, up $175 million from October 2020. This growth continues the … increase also surpassed pre-pandemic levels and was up 7% (or nearly $101 million) over October of 2019. “Sales … consistent growth over the last few months is a positive sign of our economic recovery and life moving forward as we …
https://www.osc.ny.gov/press/releases/2021/11/dinapoli-local-sales-tax-collections-october-nearly-13-2020DiNapoli: February Local Sales Tax Collections Down 4.2 Percent; Year Over Year Decline Narrows
… Overall sales tax collections for local governments declined by 4.2 percent … said. “The pandemic has taken a toll on statewide sales tax collections during the past year. New York’s local … reopening.” All regions in the state experienced sales tax collection declines for February, ranging from 0.1 …
https://www.osc.ny.gov/press/releases/2021/03/dinapoli-february-local-sales-tax-collections-down-42-percent-year-over-year-decline-narrowsState Agencies Bulletin No. 1364
… Purpose To inform agencies of the new procedure to record receipt of Form AC3206 from … who are receiving a prior year refund of Social Security and Medicare taxes for any reason, including Workers’ … previously issued Form W-2s (non-monetary related changes do not appear on this report), including the tax year, batch …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1364-new-procedure-reporting-prior-year-social-security-and-medicare-taxOpinion 95-14
… each company, may determine to use foreign fire insurance tax moneys to purchase a personal computer to be used for … fire department may expend foreign fire insurance tax moneys to purchase a new personal computer to be used for … the Insurance Law govern the use of foreign fire insurance tax moneys except as otherwise provided in any special law. 1 …
https://www.osc.ny.gov/legal-opinions/opinion-95-14State Agencies Bulletin No. 1682
… taxable income subject to Social Security and Medicare taxes must have the employee’s share of the taxes withheld. … States Department of Treasury. When an employee’s net pay is not sufficient to withhold the employee’s share of the … now have their taxable gross wages (Federal, State, and Local, if applicable) increased or “grossed up” by the amount …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1682-current-year-social-security-andor-medicare-tax-deficiencies-and-impactDiNapoli Releases Annual IDA Report
… businesses and job markets,” DiNapoli said. “The tax breaks they provide businesses can impact local tax collections, however, and New Yorkers should be mindful … 204,147 as of 2022, an increase of 15.2% from 2021. Total tax exemptions for IDA projects in 2022 amounted to nearly $2 …
https://www.osc.ny.gov/press/releases/2024/05/dinapoli-releases-annual-ida-reportState Agencies Bulletin No. 1230
… Purpose To inform agencies of the steps the Office of the State Comptroller (OSC) will take to apply the Retroactive Increase in Excludable Transit …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1230-retroactive-pre-tax-transit-adjustmentState Comptroller DiNapoli Releases Municipal Audits
… In fact, the tax collector’s records were insufficient to determine whether she deposited money in a timely manner. …
https://www.osc.ny.gov/press/releases/2020/11/state-comptroller-dinapoli-releases-municipal-auditsTown of Sullivan – Internal Controls Over Selected Financial Operations (2013M-267)
… Purpose of Audit The purpose of our audit was to evaluate the selected Town financial operations for the period January 1, 2011 to December 31, 2012. Background The Town of Sullivan is … established reserves. We found significant weaknesses with how the Clerk handled the $17.1 million of tax and penalty …
https://www.osc.ny.gov/local-government/audits/town/2013/12/27/town-sullivan-internal-controls-over-selected-financial-operations-2013m-267DiNapoli: 1st Quarter State Tax Receipts Modestly Higher Than Division of Budget Projections
… million higher than DOB’s financial plan projections. All Funds spending through June totaled almost $55 billion, which … period, primarily due to lower Medicaid disbursements. All Funds spending through June was $942.3 million lower than … lower than anticipated Medicaid spending. State Operating Funds spending through June totaled almost $30.8 billion, …
https://www.osc.ny.gov/press/releases/2024/07/dinapoli-1st-quarter-state-tax-receipts-modestly-higher-division-budget-projectionsState Agencies Bulletin No. 1596
… on the employee’s 2017 Form W-2. Social Security/Medicare tax deficiency deductions will be initiated in early 2018 for … Employees who paid the maximum amount of Social Security tax ($7,886.40) for 2017 will only have a deduction for the Medicare tax deficiency in a 2018 paycheck. Tax Information Taxable …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1596-year-end-procedure-taxable-employee-expense-reimbursementsState Agencies Bulletin No. 1674
… reimbursements require withholding and Form W-2 reporting on any excess amounts paid. “Excess amount” is the portion … employers to report and withhold income and employment taxes from meal allowances for non-overnight travel (day … and are subject to employment and income taxes. Federal, State and New York City income tax withholding will be …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1674-year-end-procedure-taxable-employee-expense-reimbursementsUnified Court System Bulletin No. UCS-268
… Earnings Code NRA Income Code XPL IC 18 YPL IC 19 ZPL IC 20 Effective in 2018, inactive employees who incur a current … Rate Withholding is 1.61135% for Yonkers residents and 0.50% for Yonkers non-residents. Agency Actions Agencies should …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/unified-court-system/ucs-268-prepaid-legal-service-benefit-unified-court-system-ucsComptroller DiNapoli Releases November Cash Report
… Total receipts through the first eight months of the fiscal year totaled $95.7 billion, $1.9 billion higher than the … was $278.1 million below projections. “As has been the case throughout the year, the state is in a favorable cash … lower than last year. Capital projects spending increased 12.5 percent or $453.4 million. The November cash report can …
https://www.osc.ny.gov/press/releases/2015/12/comptroller-dinapoli-releases-november-cash-reportDiNapoli Releases July Cash Report
… in $17.7 million lower than the Division of the Budget’s latest projections but more than $1 billion higher than … billion at the end of July, $25.2 million higher than the latest projections. “Personal Income Tax collections remain … lower than projections from the Enacted Budget. Spending for local assistance programs totaled $32.2 billion and was …
https://www.osc.ny.gov/press/releases/2015/08/dinapoli-releases-july-cash-reportDiNapoli Releases State Cash Report
… more than $1.5 billion in settlement dollars that are not yet appropriated. These funds should be used to fix … spending, contracts and other fiscal issues. These are easily accessible on his transparency website called Open …
https://www.osc.ny.gov/press/releases/2015/06/dinapoli-releases-state-cash-reportUnified Court System Bulletin No. UCS-280
… be added to the employee’s taxable gross wages, for tax withholding purposes, and reflected on the 2019 Form W-2 … be added to the employee’s taxable gross wages, for tax withholding purposes, and is subject to employment and income taxes. Federal, State, and New York City income tax withholding will be calculated using the Aggregate method. …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/unified-court-system/ucs-280-prepaid-legal-service-benefit-unified-court-system-ucsOpinion 89-17
… views if, among other things, there have been subsequent court cases or statutory amendments that bear on the issues … claims and that such a fund may be established prior to a court order determining the amount of a judgment or claim. At … No. 84-32, supra , the fund may be established prior to a court order determining the amount of a judgment or claim. …
https://www.osc.ny.gov/legal-opinions/opinion-89-17Implications for the Future – 2022 Financial Condition Report
… Outlook: Uncertainty Remains As the world faced the third year of the COVID-19 pandemic, its impact on the economy … However, total tax collections for SFY 2020-21 ended the year $6.8 billion higher than projected in the Enacted Budget … for SFY 2020-21. Tax collections in SFY 2021-22 ended the year $13.6 billion higher than initial projections and $21.8 …
https://www.osc.ny.gov/reports/finance/2022-fcr/implications-future