New York’s Paid Family Leave (PFL) provides paid time off for eligible employees for bonding with a newborn, or newly adopted or foster child or to care for a family member with a serious health condition. Payments under PFL rose steadily between 2018 and 2021 as the amount of allowable time off and weekly cash benefits increased. Almost eight million workers were covered under PFL, with $872 million paid on approximately 156,000 claims in 2021.
New York State Comptroller Thomas P. DiNapoli released the following statement on Mayor Adams' executive budget for Fiscal Year (FY) 2024:
“The city has laid its fiscal cards on the table, including budget risks my office has raised in recent years. The mayor’s executive budget provides a more transparent accounting for new costs associated with collective bargaining wage increases and asylum seekers. It also shows stronger than projected city revenues and additional savings from the Program to Eliminate the Gap (PEG).
Allowing New Yorkers to care for loved ones.
As New York City’s overall taxable sales begin to normalize from their pandemic-fueled levels, various economic sectors, most notably leisure and hospitality, continue to recover their pandemic declines. As national retail sales growth slows from its double-digit pace of 2021, City retail sales and associated revenues could see a return to historical growth rates following the next two fiscal years.
DiNapoli: Our industry sector dashboards tell the story of New York City’s comeback.
New York City’s taxable sales grew by 18.1% in the first three quarters of the latest sales tax year (STY, March 2022 to February 2023), with leisure and hospitality sales on track to exceed pre-pandemic levels, according to a report released today by State Comptroller Thomas P. DiNapoli.
Payments under New York’s Paid Family Leave (PFL) program rose steadily between 2018 and 2021 as the amount of allowable time off and weekly cash benefits increased. Almost eight million workers were covered under PFL, with $872 million paid on approximately 156,000 claims in 2021, the latest year for which PFL data is available from the state Department of Financial Services, according to an analysis by State Comptroller Thomas P. DiNapoli.
New York State Comptroller Thomas P. DiNapoli today announced the following local government and school audits were issued.
