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DiNapoli: Local Sales Tax Collections Up 3% in Second Quarter
… totaled $5.7 billion in the second quarter of 2023 (April-June), an increase of 3%, or nearly $167 million, compared to … pandemic period,” DiNapoli said. DiNapoli’s report found: June Collections Drove Growth: Second quarter growth was … County at 15.1%. Most Cities Fared Well: Fifteen of 18 cities outside of New York City that impose their own …
https://www.osc.ny.gov/press/releases/2023/08/dinapoli-local-sales-tax-collections-3-percent-second-quarterDiNapoli Releases Analysis of State Financial Plan
… After two years of extraordinary volatility in state finances, the State Fiscal Year (SFY) 2022-23 Enacted … the American Rescue Plan included $12.7 billion for New York state that may be used for a wide range of purposes, …
https://www.osc.ny.gov/press/releases/2022/07/dinapoli-releases-analysis-state-financial-planDiNapoli: Federal Aid, Increasing Tax Revenues and Savings Boost New York City's Surplus
… 2020 and 2021. The city has informed OSC staff that the time for claiming, billing and collecting of FEMA funds is …
https://www.osc.ny.gov/press/releases/2022/03/dinapoli-federal-aid-increasing-tax-revenues-and-savings-boost-new-york-citys-surplusDiNapoli: Financial Plan Outlook Has Improved; State Should Now Commit to Further Increasing Reserves
… initiatives total $3.1 billion in the current fiscal year with little planned for subsequent years. However, … federal relief aid provided directly to school districts with state dollars when that aid is depleted. It is also … among states and highest in the nation when combined with the New York City personal income tax. If this spurs …
https://www.osc.ny.gov/press/releases/2021/06/dinapoli-financial-plan-outlook-has-improved-state-should-now-commit-further-increasing-reservesDiNapoli Issues Preliminary Analysis of 2021-22 Executive Budget
… been hit hard. The consequences of the pandemic will be with us for a long time and federal funds have been essential … then be withheld across-the-board by the budget director, with exceptions. If implemented, these cuts would compound … spending pressures have mounted through the pandemic, with enrollment growing by nearly 12 percent in SFY 2020-21 …
https://www.osc.ny.gov/press/releases/2021/01/dinapoli-issues-preliminary-analysis-2021-22-executive-budgetThe Increasing Threat of Identity Theft
… personal information can take months of complicated work with banks, utility companies, medical offices and others. … frequently reported type of identity theft in the State, with nearly 25,000 New Yorkers reporting their information … reports related to COVID-19 were reported in the State, with two-thirds of those related to unemployment insurance or …
https://www.osc.ny.gov/reports/increasing-threat-identity-theftDiNapoli: Identity Theft Cases Surged in New York in 2020
… Identity thefts in New York surged during the pandemic with more than 67,000 complaints filed statewide in 2020, … caused by the pandemic, many New Yorkers also dealt with identity theft last year,” said DiNapoli. “Even when … common type of identity theft reported to the FTC in 2020, with nearly 25,000 New Yorkers reporting someone misused …
https://www.osc.ny.gov/press/releases/2021/05/dinapoli-identity-theft-cases-surged-new-york-2020DiNapoli: 33.55 Percent Annual Investment Return for New York State Pension Fund Is Largest in Its History
… as one of the strongest in the nation, but it comes with a caution. Markets remain volatile and as unpredictable as ever. With our talented investment staff, I will continue to manage our state’s pension fund with prudence and a focus on stable, long-term results that …
https://www.osc.ny.gov/press/releases/2021/05/dinapoli-33-point-55-percent-annual-investment-return-new-york-state-pension-fund-largest-its-historyDiNapoli Releases State Cash Report
… in May were stronger than projected, with collections for the fiscal year now $142.3 million higher than … be used to fix New York’s crumbling infrastructure or for other non-recurring purposes and not to support ongoing … May tax receipts were $166 million higher than projections for the month, but were 4.6 percent lower than a year ago, …
https://www.osc.ny.gov/press/releases/2015/06/dinapoli-releases-state-cash-reportDiNapoli Urges NYC to Shore Up Rainy-Day Fund
… them to build more significant unrestricted reserves over time. Cities including San Antonio, Dallas and San Jose …
https://www.osc.ny.gov/press/releases/2021/11/dinapoli-urges-nyc-shore-rainy-day-fundDiNapoli: Local Sales Tax Collections Up 20% in Third Quarter
… levels for the same period. Some of the regions with the strongest third quarter growth include Mid-Hudson …
https://www.osc.ny.gov/press/releases/2021/10/dinapoli-local-sales-tax-collections-20-third-quarterDiNapoli: State Tax Collections Continue to Exceed Projections
… pandemic,” DiNapoli said. “Strong tax collections, coupled with an unprecedented infusion of federal aid, give the state … from final returns and extension requests associated with annual filings increased this year. Fiscal year-to-date … The state’s General Fund ended the first quarter with a balance of just under $15.5 billion, $5.8 billion …
https://www.osc.ny.gov/press/releases/2021/07/dinapoli-state-tax-collections-continue-exceed-projectionsState Agencies Bulletin No. 1852
… PayServ as soon as possible, but no later than Pay Periods 18-Lag and 19-Current for Institution agencies and Pay … for tax year 2020. Failure to meet the deadlines may result in negative tax consequences for the employee. If an … Value of Personal Use (AC 3173) to OSC before January 4, 2021 . Form AC3173, approved by OSC, is the only acceptable …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1852-procedures-reporting-taxable-value-personal-use-employer-providedDiNapoli: Audit Finds Poor Financial Management by Central New York Regional Market Authority Board
… The Central New York Regional Market Authority’s financial position has … to FY 2022-23, according to an audit released today by New York State Comptroller Thomas P. DiNapoli. If authority … has been a drain on the authority’s budget. “The Central New York Regional Market Authority board and officials need …
https://www.osc.ny.gov/press/releases/2024/05/dinapoli-audit-finds-poor-financial-management-central-new-york-regional-market-authority-boardDiNapoli: State Tax Receipts Through First Quarter Exceed Financial Plan Projections by $1.7 Billion
… Plan should be a priority.” State Tax Collections Through June 30 (in millions of dollars) Personal income tax (PIT) … were $540.5 million lower than the same period in SFY 2021-22, reflecting, in part, the effects of the Pass-Through … The large year-over-year increase is primarily the result of $2.8 billion in collections from the PTET in the …
https://www.osc.ny.gov/press/releases/2022/07/dinapoli-state-tax-receipts-through-first-quarter-exceed-financial-plan-projections-1-point-7-billionXVII.2 Overview – XVII. Lapsing Appropriations
… Account appropriations lapse after close of business on June 30 or the first business day following if June 30 falls on a non-business day. Local Assistance, Community Projects, … Debt Service appropriations lapse after close of business on September 15 or the first business day following if …
https://www.osc.ny.gov/state-agencies/gfo/chapter-xvii/xvii2-overviewState Agencies Bulletin No. 2059
… inform agencies of the procedures and provide instructions for reporting the taxable value of personal use of an … services in the New York State Payroll System (PayServ) for tax year 2022. Affected Employees: Employees with … Dates: Effective immediately. OSC Actions: OSC will report the value of personal use of an employer-provided …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2059-procedures-reporting-taxable-value-personal-use-employer-providedDiNapoli: State Pension Fund Reaches Record High of $176.2 Billion
… announced today an estimated 13.02 percent rate of return for the New York State Common Retirement Fund (Fund) now … at an estimated $176.2 billion, the highest amount ever, for fiscal year ending March 31, 2014. “It was a stellar year for us. The Fund grew in value to a historic high of $176.2 …
https://www.osc.ny.gov/press/releases/2014/05/dinapoli-state-pension-fund-reaches-record-high-1762-billionInflation in the New York City Metropolitan Area
… grew by 8.5 percent nationally and 6.1 percent in the New York City Metropolitan Area (NYC metro area) in March 2022 compared to the same month a …
https://www.osc.ny.gov/reports/inflation-new-york-city-metropolitan-areaDiNapoli: NYC Office Building Market Values Rise Amid Shift in Demand for Space
… amenity-rich buildings in and around Hudson Yards, along with the firm growth around Union Square, the Village and … city’s office real estate market will continue to evolve, with the fate of the market remaining closely tied to the …
https://www.osc.ny.gov/press/releases/2024/08/dinapoli-nyc-office-building-market-values-rise-amid-shift-demand-space