Local sales tax collections in New York State increased by 16.7% in May compared to the same month in 2021. Overall, local collections totaled $1.7 billion, up $242 million from May of last year.
New York City’s transportation and warehousing sector regained 82% of its pandemic job losses as of April, trailing the nation, but faring better than the city’s private sector as a whole (73%), according to a report released today by State Comptroller Thomas P. DiNapoli. The sector’s relatively strong job gains over the past two years were fueled by increased demand for moving goods rather than people during the pandemic.
Local sales tax collections in New York state increased by 16.7% in May compared to the same month in 2021, according to an analysis released today by State Comptroller Thomas P. DiNapoli. Overall, local collections totaled $1.7 billion, up $242 million from May of last year.
New York has been on the forefront of the LGBTQ movement since 1969, when a riot broke out at New York City’s Stonewall Inn and ignited the modern movement for equality for all. This year, Comptroller DiNapoli will host his third annual Pride celebration at this historic location and honor prominent LGBTQ New Yorkers and allies from across the State.
Watch a Replay of the Event
In-State Program helps grow NY-based businesses.
New York State Comptroller Thomas P. DiNapoli issued the following statement regarding the agreement announced today on New York City’s adopted budget.
"The adopted budget agreement between the New York City Council and Mayor Adams shows the city has taken advantage of an end-of-year revenue windfall of nearly $3 billion by building up reserves and funding a number of the council’s spending priorities. The city still faces many risks and setting aside funds now is wise and should allow it to withstand some economic uncertainties and rising costs.
Despite recent significant payments to the federal Unemployment Trust Fund (UTF), New York is one of only seven states or territories with unemployment insurance (UI) funds that are in debt to the federal government, and the $8.1 billion owed in the outstanding loan balance is second only to California, according to a new analysis by State Comptroller Thomas P. DiNapoli.
Five major U.S. companies have agreed to disclose their political spending under agreements reached with the New York State Common Retirement Fund, New York State Comptroller Thomas P. DiNapoli announced today. DiNapoli’s political spending proposal at Twitter also received a majority of support from shareholders at the company’s annual meeting, and he has since called on the company to fully implement the proposal.
