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Sales tax revenues in New York dropped by 10% in 2020 by Steve Bittenbender, The Center Square | February 03, 2021 04:00 PM Print this article
The COVID-19 pandemic led to a 10 percent decline in the Empire State s local sales tax collections, with New York City hardest hit. That’s according to a report released Tuesday by New York State Comptroller Thomas DiNapoli.
Statewide, cities and counties collected $16.5 billion, down from the $18.2 billion communities received in 2019. New York City’s collections created nearly the entire shortfall as its sales tax revenue went from $8.2 billion in 2019 to $6.7 billion last year. While the Big Apple saw an 18.7 percent dip, no other region’s shortfall exceeded 3 percent.
New York State s borrowing patterns raise red flags, DiNapoli warns bondbuyer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bondbuyer.com Daily Mail and Mail on Sunday newspapers.
Investors drop nice-guy role on climate change laggards
Photo: Mark L. Emerson
New York state Sen. Liz Krueger thinks calls to divest oil company stock will ‘sweep the country.’
Institutional investors and others are using new tactics to push oil and gas companies to get serious about climate change.
Traditional shareholder methods of getting energy companies attention, like shareholder resolutions or corporate engagement, will not be enough to meet the Paris Agreement goal of bringing greenhouse gas emissions to zero within the second half of the 21st century, investors say.
One of the most dramatic steps came Dec. 9, with New York State Comptroller Thomas P. DiNapoli s announcement that the $226 billion New York State Common Retirement Fund, Albany, will divest from the riskiest oil and gas companies by 2025 and decarbonize the entire portfolio by 2040.
State Comptroller Continues Move To Sell Off Fossil-Fuel Stocks thechiefleader.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thechiefleader.com Daily Mail and Mail on Sunday newspapers.