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DiNapoli: State Could Face Tough Fiscal Decisions in Year Ahead

… and other programs, but authorizes more than $10.5 billion in new state debt and allows billions of dollars in lump sum spending with minimal disclosure, according to a … help New York move forward. However, billions of dollars in spending lacks key details that would better inform the …

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

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

… Economic Trends Total New York Wages Fell $12.5 Billion in Second Quarter In the second quarter of 2020, total wages paid in New York … In the second quarter of 2020 total wages paid in New York State declined by $125 billion or 74 percent in …

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

… Latest Updates The State Comptroller’s Office is committed to keeping New Yorkers regularly updated on the State’s … Unemployment Benefits Remain a Financial Lifeline–But for How Long? Unemployment benefits have provided urgently needed … previously reported in July , August , and September on how small businesses in New York State have been impacted. …

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

… Selected Economic Trends Job Losses Are Concentrated in Lower-Paid Sectors Six months into the COVID-19 recession, New Yorkers working in lower-paid sectors continue to suffer a disproportionate … share of job losses statewide and especially in New York City. Among the nearly 1.3 million net jobs the …

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

… totaled $75 billion through the end of February. “There is reason to be cautiously optimistic with … will be helpful in the state’s ongoing recovery effort, it is important to use them responsibly and think long-term, as … $8.7 billion, or 10.1 percent, lower than last year. This is largely due to higher federal reimbursement for Medicaid …

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

… Economic Trends New York State Ranks Second Nationally in Jobs Lost While all states have lost employment since the … earlier this year, New York surpasses almost every other in both number and percentage of job losses. From February … August 2020, the Empire State ranks second to Hawaii in percentage of employment decline and second only to …

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

… New York State’s unemployment rate dropped to 9.7 percent in September, marking the first time the rate has been below … COVID-19 pandemic. The 2.8 percentage point improvement in the unemployment rate was the second largest among all states, as shown in the map below. New Jersey led the nation with a 4.4 …

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

… will happen to their household within the next two months. In addition, one-third said that it has been somewhat … canceled or changed significantly. Layoffs and Discharges in the Northeast Are at Pre-Pandemic Levels New data from the … of Labor Statistics (BLS) highlight the ongoing churn in employment during the COVID-19 era. The Northeast Region …

NYC Surplus Projected to Reach $550 Million in FY 2020

… New York City now projects a surplus of $550 million in fiscal year 2020, reflecting stronger-than-expected … DiNapoli said. “The risk of a recession has eased in the near term, but the city should continue to increase … out-year gaps have grown slightly, to nearly $3 billion in FY 2022 and $3.2 billion in FY 2023. Despite concerns that …

DiNapoli: Local Sales Tax Collections Drop 8.2 Percent in July

… or $116 million less than in July 2019. Although revenue is still down compared to July 2019, the decline is less steep than any month since March, when the COVID-19 … in sales tax collections, a major source of revenue. This is going to have a long-lasting effect on revenues for …

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

… of New York State small businesses received assistance in recent months through the federal government’s Paycheck … survey data for the week ending June 27. $38.2 billion in PPP loans were approved for New York applicants through … provide guidance to lenders about prioritizing borrowers in underserved and rural markets, those borrowers, including …

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

… of lost jobs. 53% of New York adults age 18 and over live in households that have lost employment income since … Data For example, while 10 percent of all U.S. adults live in households reporting not having enough to eat in the … In the wake of COVID19 more than half of adult New Yorkers live in households that have lost employment income …

DiNapoli: Ex-Lake George Watershed Coalition Director Convicted in Grant Scheme

… David Decker, former director of the Lake George Watershed Coalition, was convicted today in Warren … grant funds meant to improve the area surrounding Lake George, according to New York State Comptroller Thomas P. … David Decker former director of the Lake George Watershed Coalition was convicted in Warren County …

DiNapoli Announces Guilty Plea in Town of Crawford Embezzlement Case

… New York State Comptroller Thomas P. DiNapoli and Orange County … Pine Bush, pleaded guilty before Orange County Court Judge Craig Stephen Brown, to Grand Larceny in the Third Degree and … records to conceal the thefts. An investigation by the New York State Police, the Orange County District Attorney’s …

Recent Trends and Impact of COVID-19 in the Bronx

… the citywide growth rate of 18.7 percent), to reach 18,300 businesses in 2019. While business growth was spread … of Jobs in 2020 Q2 Percent Change Health Care 70,200 63,300 -9.9% Retail Trade 30,900 24,200 -21.6% Social Assistance … Major index crime in the Bronx (which includes murder, rape, felony assault, robbery, burglary, grand larceny and …

Compliance With the Safe Schools Against Violence in Education Act

… for New York’s students in pre-kindergarten through 12th grade. To comply with the SAVE Act, the Department …

Minds in Motion, Inc. – Compliance With the Reimbursable Cost Manual

… Objective To determine whether the costs reported by Minds in Motion, … MIM provides preschool special education services to children with disabilities who are between three and four … financial information, including costs, that MIM reports to SED on its annual CFR.   To be eligible for reimbursement, …

Compliance With Executive Order 88 – Energy Efficiency in State Buildings

… Objectives To determine if the Department of Corrections and Community … Supervision (DOCCS) has developed targets and plans to effectively meet its contributions toward Executive Order … To determine if the Department of Corrections and Community …

Oversight of Resident Care-Related Medical Equipment in Nursing Homes (Follow-Up)

… Objective To determine the extent of implementation of the three recommendations included in our initial audit report   Oversight of Resident Care-Related Medical Equipment in Nursing Homes   … To determine the extent of implementation of the three recommendations included in …