State Comptroller DiNapoli Releases Municipal Audits
New York State Comptroller Thomas P. DiNapoli today announced the following local government audits have been issued.
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DiNapoli: State Tax Revenues $2 Billion Lower Than Last Fiscal Year
State tax receipts cumulatively through January of State Fiscal Year 2020-21 are nearly $2 billion lower than last year, according to the monthly State Cash Report released by New York State Comptroller Thomas P. DiNapoli. Overall, tax receipts are $1.7 billion higher than anticipated by the state Division of the Budget’s (DOB) January projections.
Tax receipts for the month of January totaled $11.4 billion. This is $550.5 million above last year and $1.7 billion above DOB’s latest projections.
New York’s Economy and Finances in the COVID-19 Era (February 18, 2021)
February 18, 2021 Edition
Selected Economic Trends
More Than 1.7 Million New York Adults Suffer from Food Scarcity
New York ranks seventh among all the states in the percentage of adults who are experiencing food scarcity, at 14 percent compared to the 11 percent national rate, according to the U.S. Census Bureau’s latest Household Pulse Survey.
Hero Banner - January 2021 Sales Tax Collections
Collections totaled $1.5 billion, down $95 million from January 2020.
DiNapoli: January Local Sales Tax Collections Down 5.9 Percent
Local government sales tax collections statewide were down 5.9 percent in January compared to the same time last year, State Comptroller Thomas P. DiNapoli announced today. Collections totaled $1.5 billion, down $95 million from January 2020.
The decline was less than the 8.4 percent drop in December and the double-digit declines in the earlier months of the pandemic (April-June).
The Paycheck Protection Program in New York City: What’s Next?, February 2021
Although New York City was an early epicenter for COVID-19, only 45.6 percent of firms in the City received Paycheck Protection Program (PPP) loans, below the national average of 50.9 percent.
DiNapoli: Chatham Police Chief Pleads Guilty to Pension Double-Dipping and Defrauding Village
State Comptroller Thomas P. DiNapoli, Columbia County District Attorney Paul Czajka, and the New York State Police today announced the guilty plea of former Village of Chatham Chief of Police Peter Volkmann following a joint investigation. As a result of his conviction, Volkmann is required to leave public office.
DiNapoli: Paycheck Protection Program in NYC Stumbled, but Finding Footing
New York City was the early epicenter of the COVID-19 pandemic outbreak, but many small businesses hit hardest were initially left out of the federal Paycheck Protection Program (PPP) because they faced difficulties meeting the program’s rigid requirements and lacked access to major lenders, according to a report released today by State Comptroller Thomas P. DiNapoli.
Hero Banner - Paycheck Protection Program in NYC
DiNapoli report finds many small businesses initially left out of federal program due to rigid requirements & lack of access to major lenders.
DiNapoli Releases Report on Tax Check-Off Donations
New York state’s 25 personal income tax (PIT) check-off funds that were eligible to receive contributions saw a slight decline in total donations, as well as in the number of contributions, in the 2019-20 state fiscal year (SFY), according to a report released today by State Comptroller Thomas P. DiNapoli.