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New York’s Economy and Finances in the COVID-19 Era
… rates for New York State, New York City and the balance of the State spiked upward in April 2020. At that point, and in the months immediately before, the percentages of officially unemployed workers in the City and in the rest of the State were nearly identical — but those numbers have …
https://www.osc.ny.gov/reports/covid-19-february-3-2021AFR 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
Other Bulletin No. 26
… Purpose To inform the State University Construction Fund of OSC’s … Eligibility Criteria The following employees are eligible to receive the April 2015 SCF M/C Salary Increase: Employees … ANN who are in an NS position (Grade 600) which is equated to a grade (Grade 603-668) Control-D Report Available Prior …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/suny-construction-fund/other-26-april-2015-state-university-construction-fund-scfForms
… and update their contact information. Designation of Beneficiary To change your beneficiary information. Learn … beneficiary changes . (RS5127, Rev. 11/22) Designation of Beneficiary — Trust To designate a trust as either your … lump sum amount equal to a percentage of the actuarial value of your pension benefit at the time you retire. For …
https://www.osc.ny.gov/retirement/formsOpinion 93-8
… This opinion represents the views of the Office of the State Comptroller at the time it was rendered. The … BONDS OR NOTES -- Variable Rate Obligations (propriety of including a provision to increase the interest rate due to … pursuant to Local Finance Law 5490 may provide at the time of original issuance that the interest rate payable on such …
https://www.osc.ny.gov/legal-opinions/opinion-93-8Existential Questions Facing National Public Transit Systems Create New Fiscal Pressures for MTA
… transit system in the nation, providing nearly 40 percent of the nation’s public transit trips. In 2019, the MTA … the country. 1 Nevertheless, the continued provision of service is especially critical to the economic health of New York City and its residents. More than half of City …
https://www.osc.ny.gov/reports/osdc/existential-questions-facing-national-public-transit-systems-create-new-fiscal-pressures-mtaThe Construction Industry in New York City: Recent Trends and Impact of COVID-19
… Recent Trends and Impact of COVID-19 June 2021 PDF Version En Español Highlights In … the nation, but also had the highest job losses. The loss of 44,400 construction jobs was the State’s worst annual … These small firms are responsible for about one-third of all construction jobs. Construction was the fourth …
https://www.osc.ny.gov/reports/osdc/construction-industry-new-york-city-recent-trends-and-impact-covid-19Review of the Enacted Budget: State Fiscal Year 2021-22
… the legalization of recreational marijuana, and online sports betting, totaling an estimated $26.7 billion in SFY 2021-22. … productions. Despite the influx of new resources, a number of opportunities to improve the State’s long-term …
https://www.osc.ny.gov/reports/budget/review-enacted-budget-state-fiscal-year-2021-22State Agencies Bulletin No. 871
… Purpose To explain the extension of Military and Training Leave Benefits and Stipends and OSC’s process for the Military Stipend recalculation effective January 1, 2008 … To explain the extension of Military and Training Leave Benefits and Stipends and OSCs …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/871-extension-military-and-training-leave-benefits-and-stipendsAmusement Park and Fair Ride Safety
… as well as any building used as an entertainment play area at a carnival, amusement park or fair which is intended … timing of our testing which inhibited us from conducting site visits during most of the operating season, precluded us … during the 2014 operating season. Key Finding We conducted site visits at 53 locations across the State covering almost …
https://www.osc.ny.gov/state-agencies/audits/2014/10/06/amusement-park-and-fair-ride-safetyContact Us
… reporting assistance, FTP login, extension requests and other reporting questions Securities Management Unit at … 8:00 am – 5:00 pm) Press 4 for information for reporters and listen carefully to the menu choice Or write to us at: … Funds 110 State Street Albany, New York 12236 All reports and related remittances must be mailed to the following …
https://www.osc.ny.gov/unclaimed-funds/reporters/contact-usCUNY Bulletin No. CU-118
… Before Tax) or code 604 (TIAA Arrears After Tax). Do not enter a Deduction End Date; the Goal Amount will control …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/city-university-new-york/cu-118-tiaacref-pensionability-adjunct-earningsOpinion 98-2
… This opinion represents the views of the Office of the State Comptroller at the time it was rendered. The opinion … subsequent court cases or statutory amendments that bear on the issues discussed in the opinion. FIRE CHIEFS -- Powers … is traveling outside of his or her regular work area on official business for an extended period of time or is …
https://www.osc.ny.gov/legal-opinions/opinion-98-2Town of Schroon – Internal Controls Over Transfer Station Operations (2013M-24)
… Purpose of Audit The purpose of our audit was to determine if internal controls over … 2012. Key Findings The Town does not reconcile the amount of money collected with the amount of trash disposed at the … Town of Schroon Internal Controls Over Transfer Station Operations …
https://www.osc.ny.gov/local-government/audits/town/2013/04/05/town-schroon-internal-controls-over-transfer-station-operations-2013m-24DiNapoli Audit Finds Hazardous Conditions Persist in Mitchell-Lama Developments
… Community Renewal (HCR), is falling short in its oversight of several Mitchell-Lama developments, according to an audit … and Community Renewal needs to improve its oversight of conditions at Mitchell-Lama buildings and monitor spending … 2023. They found poor conditions and disrepair at all of the developments. Auditors also found $1.5 million in …
https://www.osc.ny.gov/press/releases/2023/06/dinapoli-audit-finds-hazardous-conditions-persist-mitchell-lama-developmentsOpinion 89-43
… an appointive office. Town Law, §174(2) provides for the election of a fire district treasurer for a term of three … proposition shall be submitted at any annual fire district election, other than one at which a fire district treasurer … to elective shall be submitted at any annual fire district election. If the proposition is approved, a fire district …
https://www.osc.ny.gov/legal-opinions/opinion-89-43Regulation for Scheduling, Adjourning and Conduct of Administrative Hearings
… §317.1 Background Whereas, Sections 74 and 374 of the Retirement and Social Security Law direct that the Comptroller, upon timely receipt of a written demand, shall hold a hearing to review and … in such manner as to protect equally the interests of the applicant and of the retirement system, it being the …
https://www.osc.ny.gov/retirement/members/regulation-for-hearingsState Agencies Bulletin No. 2029
… taxes will be calculated using the employee’s current withholding elements in PayServ. The Retro Codes (RO5, RUC, … income taxes. Federal, State, and New York City income tax withholding will be calculated using the Aggregate method. Yonkers income tax withholding will be calculated using the Flat Rate method …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/2029-pilot-program-establishing-temporary-overtime-rate-overtime-eligible