Local sales tax collections in New York State increased by 3.9% in May compared to the same month in 2023. Overall, local collections totaled $1.78 billion, up $66.4 million from the same time last year.
New York State Comptroller Thomas P. DiNapoli today announced the following local government and school audits were issued.
Local sales tax collections in New York state increased by 3.9% in May compared to the same month in 2023, according to data released today by State Comptroller Thomas P. DiNapoli. Overall, local collections totaled $1.78 billion, up $66.4 million from the same time last year.
During Pride Month, State Comptroller Thomas P. DiNapoli highlighted recent actions taken by the New York State Common Retirement Fund (Fund) to support LGBTQIA+ equity and inclusion for employees at portfolio companies, including new requests to major corporations seeking information on how they support LGBTQIA+ employees in the workplace.
The New York City Industrial Development Agency (NYCIDA) approved tax breaks and other incentives for businesses even though it lacked required financial information and financial feasibility analyses, according to a new audit from State Comptroller Thomas P. DiNapoli.
First Decline Since 2016
The New York State Minority- and Women-Owned Business Enterprise (MWBE) Asset Management and Financial Institution Strategy (Chapter 171, Laws of 2010) was enacted to codify and replicate best practices for providing MWBEs that are asset managers, investment banks and financial and professional service providers with the opportunity to offer services to fiduciary-controlled entities established by New York State law.
Comptroller DiNapoli sent letters to 17 portfolio companies about protecting diverse workers.
New York State agency overtime costs in 2023 were $1.2 billion, down 11.6% from 2022, marking the first decrease in total overtime earnings since 2016. This decrease was led by three of the five largest users of overtime and was further reduced by other agencies, whose role in responding to the pandemic waned in 2023. In 2023, overtime as a share of payroll was at its second highest rate since 2007.
The Office of the State Comptroller issued five reports examining “New Yorkers in Need.” These publications provide a fact base for understanding the local and demographic variations in need; explain the implications of lived poverty, food insecurity and housing instability; and make recommendations for bolstering the federal safety net and improving State efforts.
