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DiNapoli: Local Sales Tax Collections Up 3% in Second Quarter
… tax collections in New York state totaled $5.7 billion in the second quarter of 2023 (April-June), an increase of 3%, or nearly $167 million, compared to the same period last year, according to a report released …
https://www.osc.ny.gov/press/releases/2023/08/dinapoli-local-sales-tax-collections-3-percent-second-quarterDiNapoli Releases Analysis of State Financial Plan
… Budget actions, including temporary personal income tax (PIT) increases on high earners, creates additional risk. … PIT and corporate franchise taxes and largely unrestricted federal aid are expected to total $27.6 billion or more than … Recovery Programs. DOB estimates that $40.1 billion of federal funding will be disbursed between SFY 2021-22 and SFY …
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
… a surplus of $3.7 billion in fiscal year (FY) 2022 due to federal aid, better-than-projected tax revenues, and … in the next few years and should help buffer the city from economic and fiscal uncertainty in the near future,” … its prepayments of FY 2023 spending, enhance its rainy-day fund or retiree health benefits trust, or reduce future …
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
… The State Fiscal Year (SFY) 2021-22 Enacted Budget Financial Plan … This reduction was fueled by the receipt of substantial new resources, including $15.2 billion in federal assistance … in the budget to support pandemic recovery for New York’s struggling individuals, families and businesses may …
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
… by New York State Comptroller Thomas P. DiNapoli. DiNapoli’s analysis noted that federal funds are being used to pay for … could lead to greater out-year gaps and worsen the state’s structural imbalance between revenue and spending. He also … $3.85 billion in additional federal stimulus funds, which can be used through Sept. 30, 2023. The budget proposes to …
https://www.osc.ny.gov/press/releases/2021/01/dinapoli-issues-preliminary-analysis-2021-22-executive-budgetThe Increasing Threat of Identity Theft
… psychological pain of the pandemic is a dramatic increase in identity theft during the past year. More than 67,000 … 317 315 373 323 275 158 Note: Numbers of those convicted (e.g., of a felony or misdemeanor) and those sentenced (e.g., … visit IdentityTheft.gov , the federal government’s “one-stop” resource for people to report identity theft and create …
https://www.osc.ny.gov/reports/increasing-threat-identity-theftDiNapoli: Identity Theft Cases Surged in New York in 2020
… The New York City metropolitan area had the highest rate of identity theft reports to the Federal Trade Commission … and Rochester (303) metropolitan areas. “In the midst of the stresses caused by the pandemic, many New Yorkers also … when there’s no money stolen, resolving the consequences of stolen personal information is complicated and can take …
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
… New York State Comptroller Thomas P. DiNapoli today announced that the New York State Common Retirement Fund’s (Fund) estimated … and real assets (8.24 percent) and credit, absolute return strategies and opportunistic alternatives (5.23 percent). The …
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
… than projections from the Enacted Budget, according to the monthly state cash report issued today by New York State Comptroller Thomas P. … receipts were $166 million higher than projections for the month, but were 4.6 percent lower than a year ago, primarily …
https://www.osc.ny.gov/press/releases/2015/06/dinapoli-releases-state-cash-reportDiNapoli Urges NYC to Shore Up Rainy-Day Fund
… recent changes in state and local law enabling the use of these funds, called on the city to define how these … pandemic and changes to state and local laws on the use of reserves necessitates the need for clear policies for how … year (FY) 2020. Officials subsequently approved a deposit of $500 million in FY 2022, which will bring the total …
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
… Local sales tax collections totaled $5.2 billion in the third quarter (July-September of 2021), up $861 million … as supply chain shortages and workforce disruptions may impact growth.” Statewide, every region saw solid growth in … stores (35%), and restaurants and bars (34%). Increased costs for goods also increase sales tax collections, and the …
https://www.osc.ny.gov/press/releases/2021/10/dinapoli-local-sales-tax-collections-20-third-quarterDiNapoli: State Tax Collections Continue to Exceed Projections
… billion from April through June, the first three months of the 2021-22 State Fiscal Year, according to the monthly … “The state is rebounding from the economic impacts of the COVID-19 pandemic,” DiNapoli said. “Strong tax collections, coupled with an unprecedented infusion of federal aid, give the state an opportunity to improve its …
https://www.osc.ny.gov/press/releases/2021/07/dinapoli-state-tax-collections-continue-exceed-projectionsState Agencies Bulletin No. 1852
… the procedures and provide instructions for reporting the taxable value of personal use of an employer-provided vehicle … of Employer Provided Vehicle and Chauffeur Services are fringe benefits. Per the Internal Revenue Service (IRS) Rules and Regulations, most Fringe Benefits are taxable income that must be included in the employee’s …
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
… New York. It is overseen by a 13-member board, consisting of appointees from Onondaga, Oswego, Cayuga, Madison, … Oneida, and Wayne counties, as well as the commissioner of the state’s Department of Agriculture and Markets. Under state law, board members …
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
… Budget Financial Plan forecast by $1.7 billion, according to the monthly State Cash Report released by State … Entity Tax (PTET), which allows certain taxpayers to make business tax payments rather than personal income tax payments. Year-to-date consumption and use tax collections totaled $5.1 …
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
… (excluding SUNY and CUNY) that are not reappropriated and the SUNY Stabilization Account appropriations lapse after close of business on June 30 or the first business day following if June 30 falls on a … lapse after close of business on September 15 or the first business day following if September 15 falls on a …
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 … method. The amount of the taxable value is not considered salary for the purposes of computing retirement benefits. …
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
… returns. The financial markets have given investors a wild ride the last few years but our investment strategy has …
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
… in the NYC metro area generally tracked the nation, with prices rising slightly more nationally (22 percent) than …
https://www.osc.ny.gov/reports/inflation-new-york-city-metropolitan-areaDiNapoli: NYC Office Building Market Values Rise Amid Shift in Demand for Space
… York City remain a critical contributor to its economy and tax base, as market values reached nearly $205 billion in fiscal year (FY) 2025, surpassing pre-pandemic levels, according to a report released today by New York State Comptroller Thomas P. DiNapoli. These higher market …
https://www.osc.ny.gov/press/releases/2024/08/dinapoli-nyc-office-building-market-values-rise-amid-shift-demand-space