Local government sales tax collections in August increased by 15.5 percent, or $204 million, over the same month in 2020, making it the fifth month in a row that collections exceeded 2020 results. The double-digit growth in local sales taxes reflects the fact that collections during August of 2020 were fairly weak as sales activity was recovering in certain parts of the state from the early effects of the pandemic.
The following Report on Local Governments provides a summary analysis of the financial state of the local governments outside of New York City for local fiscal years ending in 2019. | NYS Local Government Interactive Data
This snapshot highlights the FSMS results for school districts that reported for school fiscal year (SY) 2019-20, which ended on June 30, 2020, which included the period of the statewide mandatory school shutdown from March 18 through the end of the school year. The snapshot also discusses some of the major fiscal stress risk factors posed by the pandemic for school districts in SY 2020-21 (not yet scored).
This report summarizes data for fiscal year 2019, the most recent data reported by IDAs through the Public Authorities Reporting Information System (PARIS). The report also contains a brief discussion of local development corporations (LDCs), a related type of local authority. | Interactive Map
This snapshot highlights the results for counties, cities, towns and villages that reported for local fiscal years ending (FYE) 2020. These scores, therefore, reflect the partial-year impact of the COVID-19 pandemic on operations for most local governments.
The case studies described in this report provide insight into some of the fiscal challenges that the COVID-19 pandemic presented to individual local governments in 2020. OSC staff conducted interviews and financial analysis in late fall 2020, choosing the Mid-Hudson region as the geographical focus. The City of Peekskill, the Town of Cornwall and the Village of New Paltz agreed to participate in the study. Each had its own unique experience in 2020, but each also shows some of the typical problems facing local governments throughout the region and the State.
State Comptroller DiNapoli received a plaque from the Retired Public Employees Association (RPEA) commemorating the 100th Anniversary of NYSLRS.
New York State Comptroller Thomas P. DiNapoli today released an audit that found the Division of Homeland Security and Emergency Services (DHSES) cannot assure the critical cybersecurity support they are providing to state agencies, local governments, and public authorities through their Cyber Incident Response Team (CIRT) is achieving the desired outcomes or is targeting the appropriate customers and their needs.
The New York State Common Retirement Fund’s (Fund) estimated return in the second quarter of the State Fiscal Year (SFY) 2021-22 was 1.15% for the three-month period ending Sept. 30, 2021, according to New York State Comptroller Thomas P. DiNapoli. It ended the quarter with an estimated value of $267.8 billion.
In early 2021, New York City established a rainy-day fund, to better prepare for financial downturns. This report lays how the City can ensure resources are available when needed, by establishing a clear and written purpose for the funds, creating targets for how much should go into the fund each year and setting the conditions for withdrawals. The report also found the City’s reserve policies are not as robust as other large U.S.
