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New York’s Economy and Finances in the COVID-19 Era (July 1, 2021)
Recently released data from the Bureau of Economic Analysis show personal income in New York has surpassed prepandemic levels by 128 percent
https://www.osc.ny.gov/reports/new-yorks-economy-and-finances-covid-19-era-july-1-2021DiNapoli: 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-13-2020Safe Schools Against Violence in Education (SAVE) Act - Safety Plans - 2019-MS-1
… [read complete report - pdf] Audit Objective Determine whether 17 school … schools (collectively referred to as schools in this report) used their financial resources to develop, adopt, … plans to school officials and SED confidentially. 2 1 For one school, we only reviewed the 2018-19 district-wide …
https://www.osc.ny.gov/local-government/audits/charter-school/2019/07/25/safe-schools-against-violence-education-save-act-safety-plans-2019-ms-1New York City Projecting Surplus of $2.7 Billion in Current Fiscal Year
… fiscal year (FY) 2020, up from $550 million in November 2019, which it plans to transfer to FY 2021 to help balance that year’s budget, according to a report released today by State … also anticipates savings of $400 million from prior years’ expenses. The citywide savings program is now expected to …
https://www.osc.ny.gov/press/releases/2020/02/new-york-city-projecting-surplus-27-billion-current-fiscal-yearDiNapoli: Local Sales Tax Collections in August Grew More Than 15 Percent
… Local government sales tax collections in August were 15.5% higher than they were during the same period in 2020, making it the fifth consecutive month that … governments continue to see much stronger collections in 2021 compared to last year when the pandemic kept people …
https://www.osc.ny.gov/press/releases/2021/09/dinapoli-local-sales-tax-collections-august-grew-more-15-percentDiNapoli: State's Financial Hole Deepens, Tax Revenues Trail $3.2 Billion in 2020
… lower than last year, as he released the State Cash Report for August. DiNapoli noted state tax receipts of $4.3 billion … Unless Washington acts to provide further fiscal relief for New York, painful budget decisions lie ahead.” Other key … payments and public authority data. Visit the Reading Room for contract FOIL requests, bid protest decisions and …
https://www.osc.ny.gov/press/releases/2020/09/dinapoli-states-financial-hole-deepens-tax-revenues-trail-32-billion-2020Examples from GASB Statement 34 - Statement of Changes in Fiduciary Net Assets
… 7,559,768 4,560 DEDUCTIONS: Benefits 2,453,047 3,800 Refunds of contributions 464,691 … $ 80,776 Statements of individual pension plans and external investment pools are required to be presented in …
https://www.osc.ny.gov/local-government/publications/examples-gasb-statement-34-statement-changes-fiduciary-net-assetsAudit Finds Construction Delays in Public Housing Program Across New York State
… orders increased the overall cost of the five contracts from $69.8 million to $76.5 million. For example, there were …
https://www.osc.ny.gov/press/releases/2016/05/audit-finds-construction-delays-public-housing-program-across-new-york-stateDiNapoli: Pandemic Necessity and Opportunity Fuel Business Growth in New York City
… businesses with fewer than five employees grew over 10% in New York City during the COVID-19 pandemic, according to a … Thomas P. DiNapoli. The report details the growth in New York City’s small businesses, the industries that were … pandemic took a toll on the city’s economy, but resilient New Yorkers fueled small business growth. Changes to how …
https://www.osc.ny.gov/press/releases/2024/06/dinapoli-pandemic-necessity-and-opportunity-fuel-business-growth-new-york-cityDiNapoli: No Good Options for MTA to Manage Hole in Capital Funding
… in the coming weeks and months will affect riders for years to come,” DiNapoli said. “The MTA will be forced to … revenue, inclusive of $2 billion in federal matching funds for SAS Phase 2. The MTA must work with its federal partners … is likely to be smaller than its predecessor, adjusted for inflation and excluding the self-funding Bridges and …
https://www.osc.ny.gov/press/releases/2024/06/dinapoli-no-good-options-mta-manage-hole-capital-fundingDiNapoli: State is Slow in Disbursing Some Federal Relief Funds for Housing
… crisis,” DiNapoli said. “We need every dollar available for housing needs in our state, particularly those that can … agreement through 2030. HCR acts as the pass through for the money by awarding it, in the form of grants, to local … Federally funded programs often set time frames for spending funds awarded, especially in temporary streams …
https://www.osc.ny.gov/press/releases/2022/09/dinapoli-state-slow-disbursing-some-federal-relief-funds-housingDiNapoli Announces Nominee for the Commission on Ethics and Lobbying in Government
… to the Comptroller from 2010 to 2019. “Nancy is well known for her integrity and independence,” DiNapoli said. “New York … and Labor. She currently acts as a certified ombudsman for the New York State Long-Term Care Ombudsman Program, … Review Commission of New York’s law school deans for review and approval or denial to serve on the Commission. …
https://www.osc.ny.gov/press/releases/2022/07/dinapoli-announces-nominee-commission-ethics-and-lobbying-governmentDiNapoli: Lax Oversight of Medicaid Payments Behind $700 Million in Improper Payments
… . Under State Comptroller DiNapoli’s open data initiative, search millions of state and local government financial …
https://www.osc.ny.gov/press/releases/2022/08/dinapoli-lax-oversight-medicaid-payments-behind-700-million-improper-paymentsNew York’s Economy and Finances in the COVID-19 Era (June 3, 2021)
… April 2019 to March 2020 and April 2020 to March 2021 Source: New York State Department of Labor, Division of … for People with Disabilities and Without Them, 2009‑2020 Source: U.S. Department of Labor, Bureau of Labor Statistics … People with Disabilities, Nation vs. New York, 2009‑2020 Source: U.S. Department of Labor, Bureau of Labor Statistics …
https://www.osc.ny.gov/reports/new-yorks-economy-and-finances-covid-19-era-june-3-2021DiNapoli: Hate Crimes Surged in New York Over the Last Five Years
… hate crimes were anti-Black. 71% of hate crimes based on an anti-LGBTQ+ bias targeted gay male victims, almost 12% … both rose since 2018, but hate crimes involving assaults on people grew faster and were more common than property … including 72 felony assaults, 47% of which were committed on an anti-Jewish or anti-gay male bias. Incidents against …
https://www.osc.ny.gov/press/releases/2024/08/dinapoli-hate-crimes-surged-new-york-over-last-five-yearsNew York’s Economy and Finances in the COVID-19 Era (March 4, 2021)
… Show a Year of Economic Devastation A year after the first case of COVID-19 was reported in New York State, the economic … $20.4 billion. DOB has projected the State will end the current fiscal year on March 31 with a General Fund balance … through 2024-25 will instead be made before the end of the current fiscal year. The end-of-year balance will also be …
https://www.osc.ny.gov/reports/impact-covid-19-march-4-2021Rensselaer County Industrial Development Agency – Payments in Lieu of Taxes (2021M-74)
… Agency (RCIDA) officials ensured payments in lieu of taxes (PILOTs) were properly billed, collected and … Agency RCIDA officials ensured payments in lieu of taxes PILOTs were properly billed collected and distributed …
https://www.osc.ny.gov/local-government/audits/county/2025/01/24/rensselaer-county-industrial-development-agency-payments-lieu-taxes-2021m-74DiNapoli: New York's Medicaid System Improperly Paid Over $16 Million in Claims
… pays close attention to Medicaid because it’s critical for so many New Yorkers and a big driver of state spending," … million, went to pay 27,480 Medicaid managed care premiums for recipients who were ineligible for managed care coverage because they had comprehensive …
https://www.osc.ny.gov/press/releases/2025/02/dinapoli-new-yorks-medicaid-system-improperly-paid-over-16-million-claimsPreliminary Report on the State Fiscal Year 2014-15 Enacted Budget, April 2014
The State ended SFY 2013-14 in its most favorable financial position in years.
https://www.osc.ny.gov/files/reports/budget/pdf/budget-enacted-preliminary-2014-15.pdf