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DiNapoli: Local Sales Tax Collections Grow by Nearly 9% in November

… estimating their own revenue projections for the remainder of the year.” New York City’s collections totaled $770 million, an increase of 10.7%, or $74 million, over November of 2021. All but a handful of counties experienced some …

IX.3 Establish & Maintain Federal Grants in SFS for Non-Onboarding Agencies – IX. Federal Grants

IX.4 Establish & Maintain Federal Grants in SFS for Onboarding Agencies – IX. Federal Grants

… Enterprise Services Automation (ESA) is a group of PeopleSoft modules that includes Project … information is essential to facilitate compliance with federal Cash Management Improvement Act (CMIA) and single audit reporting requirements; as well as for State Agency and the Office of the State Comptroller, …

DiNapoli: Local Sales Tax Collections Up 20% in Third Quarter

… Local sales tax collections totaled $5.2 billion in the third quarter (July-September of 2021), up $861 million (20%) from the same period last year and continuing the trend of exceeding pre-pandemic levels, … Local sales tax collections totaled $52 billion in the third quarter JulySeptember of 2021 up $861 million 20 …

DiNapoli Announces Reduction in Employer Contribution Rates for Retirement System

… participating employers in ERS and PFRS, and more than 300 different retirement plan combinations. Payments based on …

New York’s Economy and Finances in the COVID-19 Era

… 3, 2021 Edition Selected Economic Trends Job Recovery and Unemployment Rates: New York City and New York State Unemployment rates for New York State, New York City and the balance of the State spiked upward in April 2020. At that point, and … Unemployment rates for New York State New York City and the …

New York’s Economy and Finances in the COVID-19 Era

… Yorkers’ average student loan balance rose by 3.9 percent from the previous year to $37,600 as of June 2020, according to newly available data from the Federal Reserve Bank of New York. That figure has … past due accounts that are late 90 days or more) decreased from 11.1 percent in 2019 to 7.4 percent in 2020, a drop of a …

DiNapoli: Local Sales Tax Collections Up Nearly 12% in July

… Local sales tax collections in New York state increased by 11.9% in July compared to the same month in 2021, according to an analysis released today by State Comptroller Thomas P. DiNapoli. Overall, local … in July, despite the participation of many counties in the gas tax holiday,” DiNapoli said. “However, it is important …

New York’s Economy and Finances in the COVID-19 Era

… Subscribe for Latest Updates The State Comptroller’s Office is … in the arts and recreation, such as theaters, spectator sports and museums, as well as those in restaurants and …

New York’s Economy and Finances in the COVID-19 Era

… comparatively low wages, lost 93,000 jobs, one in every 10 of its previous total. By contrast, finance and insurance … Financial Activities -37.9 -5.2% $191,494 Information -10.6 -3.9% $135,963   Source: NYS Department of Labor …

DiNapoli: Local Sales Tax Collections Up Nearly 16% in April

… and services has increased the cost of doing business for many local governments,” DiNapoli said. “My office is closely monitoring the impact that inflation is having on …

DiNapoli: NYS Pension Fund Announces $400 Million in Sustainable Investments

… investments , dedicated staff to pursue climate solution investments, and minimum standards for portfolio …

DiNapoli: Tax Revenues in February $758 Million Over Budget Projections

… million higher than forecast in the most recent Division of the Budget (DOB) update to the State Financial Plan, … for fiscal year 2021 totaled $75 billion through the end of February. “There is reason to be cautiously optimistic … tax revenues from February and the passing of significant additional federal assistance, thanks to …

DiNapoli: Paycheck Protection Program in NYC Stumbled, but Finding Footing

… loans would generally be available for businesses with 300 employees or less that can demonstrate financial losses. …

DiNapoli: Local Sales Tax Collections Grew by 14% in October

… year-over-year growth since May, despite the participation of many counties in the gas tax holiday,” DiNapoli said. … collections totaled almost $789 million, an increase of 17.3% – or $116 million – over October of 2021. Nearly all counties saw some year-over-year growth …

DiNapoli: Local Sales Taxes Jump 49.2 Percent in Second Quarter

… the COVID-19 pandemic,” said DiNapoli. “While this is good news, local leaders are advised to budget carefully. If this …

DiNapoli: 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 …

New York’s Economy and Finances in the COVID-19 Era

… State fell in March, and again—much more sharply—in April, with a combined loss of more than 1.9 million jobs. After … COVID-19 pandemic, continues to feel the sharpest loss, with a net decline of 648,000 jobs, nearly 14 percent of its … But the bad news is not confined to downstate regions, with net losses of more than 10 percent also occurring in the …

New York’s Economy and Finances in the COVID-19 Era

… Subscribe for Latest Updates The State Comptroller’s office is committed to keeping New Yorkers regularly updated on the state’s economy and finances. Subscribe to get the latest … October 14, 2020 Edition Selected Economic Trends New York State Ranks Second Nationally in Jobs Lost While all states …

DiNapoli: Local Sales Tax Collections Down 7.8 Percent in August

… This drop in revenue is similar to the decline in July of 8.2 percent, though much less extreme than the early months of the pandemic when sales tax collections plummeted by … tax rate increase in 2019 may account for some of its year-over-year growth in August.   DiNapoli reported …