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Local Sales Tax Collections up 10.2% in Third Quarter of 2022
… Local government sales tax collections grew by 10.2% in the third quarter of 2022 compared to the same period last year, mostly driven by double digit growth in New York City. Total sales tax collections reached nearly … of New York City. “New York City’s sales tax growth in the third quarter, after relatively weaker collections in …
https://www.osc.ny.gov/press/releases/2022/10/local-sales-tax-collections-up-10-point-2-percent-in-third-quarter-2022DiNapoli: School District and Big City Tax Levy Cap at 2% for Second Straight Year
… will be capped at 2%, the same as last year, according to data released today by State Comptroller Thomas P. DiNapoli. The tax cap, which first applied to local governments and school districts in 2012, limits annual tax levy increases to the lesser of the rate of inflation or 2% with certain …
https://www.osc.ny.gov/press/releases/2023/01/dinapoli-school-district-and-big-city-tax-levy-cap-2-percent-second-straight-yearDiNapoli Report Assesses MTA's Capital Needs and Funding Scenarios
… Metropolitan Transportation Authority (MTA) as it prepares to submit its 2025-2029 Capital Program. The MTA must find billions in new funds even as the state tries to resolve the $15 billion gap in revenue created by the … congestion pricing. The report lays out possible sources to fund the MTA’s substantial capital needs and emphasizes …
https://www.osc.ny.gov/press/releases/2024/09/dinapoli-report-assesses-mtas-capital-needs-and-funding-scenariosDiNapoli: Gen Z and Young Millennials in New York Struggle With Economic, Affordability Challenges
… that threatens their financial well-being, according to a new report released by State Comptroller Thomas P. … “Young adults are dealing with mounting obstacles to achieving financial stability and independence,” DiNapoli … debt are also making it increasingly difficult for them to live independently and build their future. Addressing …
https://www.osc.ny.gov/press/releases/2025/12/dinapoli-gen-z-and-young-millennials-new-york-struggle-economic-affordability-challengesFood Insecurity Persists Post-Pandemic
… Introduction In March 2023, the Office of the State Comptroller reported that the number of New York households facing food insecurity at the height of the pandemic declined due to federal actions. 1 … In March 2023 the Office of the State Comptroller reported that the number of New York …
https://www.osc.ny.gov/reports/food-insecurity-persists-post-pandemicDiNapoli: New York Jobs Top 9 Million, New Statewide High
… New York reached its highest employment level ever of more than 9 … gains. Job growth was uneven across the state, with New York City gaining three out of four new statewide jobs from … sectors, and signs of new growth in the western New York economy.” DiNapoli’s report examines employment, wages …
https://www.osc.ny.gov/press/releases/2015/08/dinapoli-new-york-jobs-top-9-million-new-statewide-highDiNapoli: Five Major Companies Adopt Pension Fund's Call for Transparency on Political Contributions
… filed the proposal at 11 other portfolio companies: Aetna Inc., Delta Air Lines, Express Scripts Holding Co., NextEra Energy Inc., Nisource Inc., Raytheon Company, The Travelers Companies Inc., United …
https://www.osc.ny.gov/press/releases/2015/02/dinapoli-five-major-companies-adopt-pension-funds-call-transparency-political-contributionsDiNapoli: Investors Expand Corporate Disclosure of Political Spending
… shadows it may result in spending that is contrary to the company’s long-term interests and cause real damage to a company’s reputation. Investors need increased daylight and … PepsiCo Inc. Plum Creek Timber Company, Inc. KeyCorp Dr Pepper Snapple Group Noble Energy Inc. 2 0 12 PG&E …
https://www.osc.ny.gov/press/releases/2014/07/dinapoli-investors-expand-corporate-disclosure-political-spendingState Agencies Bulletin No. 1776
The purpose of this bulletin is to explain why the Retirement Plan check box in Box 13 of Form W2 must be checked for most employees and left unchecked for oth
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1776-retirement-plan-checkbox-form-w-2-wage-and-tax-statement-tax-year-2019Motor Vehicle Theft and Insurance Fraud Prevention Program (2022-M-2) 180-Day Response
To determine whether the Division of Criminal Justice Services (DCJS) has complied with Article 36-A of the State Executive Law for revenues received by and expenditures made from the Motor Vehicle Theft and Insurance Fraud Prevention Fund and from any other source for purposes of the Motor Vehicle
https://www.osc.ny.gov/files/state-agencies/audits/pdf/sga-2024-22m2-response.pdfAnnual Report on Local Governments for FYE 2021
This report provides a summary analysis of the financial state of the local governments outside of New York City for local fiscal years ending in 2021. Year two of the COVID-19 pandemic continued to present local officials with financial and operational challenges. In this report, we summarize these
https://www.osc.ny.gov/files/local-government/publications/pdf/annual-report-on-local-governments-for-fye-2021.pdfIdentifying, Reporting, and Providing Services for Youth at Risk of Sexual Human Trafficking in New York City (2021-N-2) 180-Day Response
To determine if the New York City Administration for Children’s Services and the New York City Department of Youth and Community Development identify, report on, and provide services for victims of child sex trafficking and those at risk of child sex trafficking. The audit covered the period from Ja
https://www.osc.ny.gov/files/state-agencies/audits/pdf/sga-2022-21n2-response2.pdfAFR Modernization – Uploading Financial Data with Bulk Load
This webinar is one in a series preparing local officials for the new Annual Financial Report (AFR) currently being developed by our staff at the Office of the State Comptroller (OSC). In this session, attendees will learn how to upload Financial Statement data into the AFR using a newly developed b
https://www.osc.ny.gov/files/local-government/academy/pdf/afr-modernization-bulk-load-09-22-22.pdfFirst Quarter 2022 Local Sales Tax Collections Up 21 Percent
Local government sales tax collections totaled nearly $5.2 billion in the first quarter of 2022, an increase of 21.1 percent, or $901 million, compared to the same quarter the previous year. This growth was at least partially driven by inflation, which hit a 40-year-high in March, most notably for g
https://www.osc.ny.gov/files/local-government/publications/2022/pdf/2022-sales-taxes-first-quarter.pdfFirst Quarter 2022 Local Sales Tax Collections Up 21 Percent
Local government sales tax collections totaled nearly $5.2 billion in the first quarter of 2022, an increase of 21.1 percent, or $901 million, compared to the same quarter the previous year. This growth was at least partially driven by inflation, which hit a 40-year-high in March, most notably for g
New York's 529 College Savings Program Turns 20
… helping New Yorkers save for higher education, according to New York State Comptroller Thomas P. DiNapoli. He … on the tremendous growth of the plan and urged New Yorkers to sign up before the end of the year and take advantage of … "New York State introduced its College Savings Program to the public 20 years ago. That’s 20 years of helping …
https://www.osc.ny.gov/press/releases/2018/12/new-yorks-529-college-savings-program-turns-20DiNapoli: IDA Report Shows Tax Break Growth Slows
… Development Agencies (IDAs) reported $715 million in net tax exemptions in 2016, up almost 3 percent from 2015, … economy, it is important communities benefit when offering tax breaks. Our report can help determine if the incentives … active IDAs provided approximately $1.3 billion in total tax exemptions in 2016. These exemptions were partially …
https://www.osc.ny.gov/press/releases/2018/06/dinapoli-ida-report-shows-tax-break-growth-slowsDiNapoli: Municipal Spending on Infrastructure Declines While Needs Go Unmet
… by approximately 8 percent between 2010 and 2012 according to a report issued today by New York State Comptroller … should be spending about $3.9 billion annually to keep up with deteriorating capital assets but are only … steel and other construction items as major impediments to infrastructure investment as well as spending restraints …
https://www.osc.ny.gov/press/releases/2014/09/dinapoli-municipal-spending-infrastructure-declines-while-needs-go-unmetDiNapoli Releases Report on Environmental Funding in New York State
… 2003 while its responsibilities have grown, according to a report released today by New York State Comptroller … has barely kept pace with inflation and now is projected to decline,”DiNapoli said. “Our natural resources are major … New Yorkers’ health and quality of life. We must continue to safeguard these assets.” DiNapoli’s report, “Environmental …
https://www.osc.ny.gov/press/releases/2014/12/dinapoli-releases-report-environmental-funding-new-york-stateState Comptroller DiNapoli Releases Jamaica Economic Snapshot
… cannot relent in our efforts to bring stable, well-paying jobs to Jamaica and ensure that homeowners throughout … Although the area has not yet recovered all of the jobs lost during the recession and from the closure of two … up over the past two years. The number of private sector jobs averaged 46,400 in 2015 and was approaching the …
https://www.osc.ny.gov/press/releases/2016/09/state-comptroller-dinapoli-releases-jamaica-economic-snapshot