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North country sales tax revenue recovers considerably in March - Vimarsana News

North country sales tax revenue recovers considerably in March

WATERTOWN — Sales tax revenue recovered considerably across the north country in March compared to the same month last year when businesses began shutting down due to the COVID-19 pandemic. For the north country region consisting of Clinton, Essex, Franklin, Jefferson, Lewis and St. Lawrence counties, revenue increased by a total of 31.7%, or $7.5 million, according to a report released Friday by state Comptroller Thomas P. DiNapoli. Revenue grew from $23.6 million in March 2020 to $31.1 million this past March. Lewis County saw its revenue in March rise by $500,000, or 37.8%, going from...

Source: nny360.com
Exclusive-New York state pension fund backs activist nominees in Exxon proxy fight - Vimarsana News

Exclusive-New York state pension fund backs activist nominees in Exxon proxy fight

Exclusive-New York state pension fund backs activist nominees in Exxon proxy fight By Jennifer Hiller Reuters HOUSTON (Reuters) -New York state's pension fund on Friday threw its support behind an activist fund's slate of nominees to Exxon Mobil Corp's board, heating up a proxy fight for the company's future. The biggest U.S. oil producer Exxon and activist hedge fund Engine No. 1 are battling over board seats following Exxon's historic net annual loss of $22.4 billion for 2020. The fund has criticized the producer for "significant underperformance" and a lagging approach to cleaner fuels. T...

EXCLUSIVE New York state pension fund backs activist nominees in Exxon proxy fight - Vimarsana News

EXCLUSIVE New York state pension fund backs activist nominees in Exxon proxy fight

EnergyEXCLUSIVE New York state pension fund backs activist nominees in Exxon proxy fight ReutersJennifer Hiller 1/4 An Exxon sign is seen at a gas station in the Chicago suburb of Norridge, Illinois, U.S., October 27, 2016. REUTERS/Jim Young Read More New York state's pension fund on Friday threw its support behind an activist fund's slate of nominees to Exxon Mobil Corp's (XOM.N) board, heating up a proxy fight for the company's future. The biggest U.S. oil producer Exxon and activist hedge fund Engine No. 1 are battling over board seats following Exxon's historic net annual loss of $22.4 bi...

New York took in $3B more in revenue than predicted in past year, comptroller says - Vimarsana News

New York took in $3B more in revenue than predicted in past year, comptroller says

by Steve Bittenbender, The Center Square contributor  | April 19, 2021 07:00 PM Print this article New York state collected $3 billion more in tax revenue than anticipated during the 2020-21 fiscal year, according to Comptroller Thomas DiNapoli. In all, the state received $82.4 billion, according to the comptroller’s statement. While it was still more than $513 million less than what the state collected for the 2019-20 fiscal year, it not only beat the state’s amended financial plan that was released in February by $3 billion, but it also exceeded initia...

NY unemployment benefits not exempt from state income tax - Vimarsana News

NY unemployment benefits not exempt from state income tax

New York will continue to apply state income tax to 2020 unemployment benefits in full despite the federal government exempting the first $10,200. Gov. Andrew Cuomo's administration confirmed the decision Wednesday during a news conference on the new $212 billion state budget. The decision came almost a month after the federal government, in the most recent stimulus package, opted against taxing the first $10,200 of unemployment benefits received by individuals with an adjusted gross income of less than $150,000 in 2020. “There has been no change to the taxable status of the unemploymen...