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DiNapoli: State Pension Fund Value $194.3 Billion
… New York State Comptroller Thomas P. DiNapoli today announced the New … Common Retirement Fund (Fund) had a -2.68 percent return on investments in the state fiscal year (SFY) that ended on … retirement and death benefits of $13.25 billion paid out during the fiscal year. Employer contribution rates are …
https://www.osc.ny.gov/press/releases/2020/07/dinapoli-state-pension-fund-value-1943-billionDiNapoli: Audit Questions Payments Made to Supportive Housing Provider
… Comptroller Thomas P. DiNapoli has identified $32,271 in unallowable expenses and $489,616 in questionable costs … nights of lodging. The company also spent $14,000 on a holiday party, coffee and food unrelated to providing client … the final report, which can be found at: http://osc.state.ny.us/audits/allaudits/093017/16s5.pdf To read a report …
https://www.osc.ny.gov/press/releases/2017/05/dinapoli-audit-questions-payments-made-supportive-housing-providerDiNapoli: Wall St. Profits Return to Pre-Pandemic Levels
… pandemic boom came to an end in 2022, with pretax, first half profits of $13.5 billion, down 56.3% from the $31 … the global financial crisis. The decline in revenue in the first six months of 2022 reflects multiple factors, including … drove interest expenses up $7.5 billion, triple the first half of 2021. Profits so far in 2022 have returned to …
https://www.osc.ny.gov/press/releases/2022/10/dinapoli-wall-st-profits-return-pre-pandemic-levelsDiNapoli Tracks NYC Agency Performance, Recommends Greater Transparency
… government workforce reached more than 300,000 employees in June of 2024, the first year-over-year increase since the COVID-19 … public workforce stood at 306,248 employees at the end of City Fiscal Year (CFY) 2024, but staffing at the city Law …
https://www.osc.ny.gov/press/releases/2024/12/dinapoli-tracks-nyc-agency-performance-recommends-greater-transparencyDiNapoli Report Highlights MTA's Significant Needs
… 20-Year Needs Assessment, reviews the depth of work needed to upgrade New York’s regional transit systems and highlights … Needs Assessment (2025-2044) Report, the MTA's first since 2013, it departed from prior practice by not including … details were not ironed out. With the urgent need to increase ridership, boost revenue and secure its future, the …
https://www.osc.ny.gov/press/releases/2024/02/dinapoli-report-highlights-mtas-significant-needsDiNapoli Releases Report on State Spending to Implement Raise the Age Law
… in family court, rather than the adult criminal justice system, and can no longer be detained in county jails with …
https://www.osc.ny.gov/press/releases/2025/05/dinapoli-releases-report-state-spending-implement-raise-age-lawAvoca Central School District – Procurement (2025M-29)
District officials did not always procure goods and services in accordance with the statutory requirements set forth in GML or with the Districts procurement policies and procedures When officials do not solicit competition during the procurement of goods and services taxpayers have less assuranc
https://www.osc.ny.gov/local-government/audits/school-district/2025/06/13/avoca-central-school-district-procurement-2025m-29Southwestern Central School District – Claims Audit (2025M-34)
… report – pdf] Audit Objective Did the Southwestern Central School District (District) Board of Education’s (Board) appointed … The audit of claims is often the last line of defense for preventing unauthorized, improper or fraudulent claims …
https://www.osc.ny.gov/local-government/audits/school-district/2025/07/25/southwestern-central-school-district-claims-audit-2025m-34NYS Common Retirement Fund Reports First Quarter Results
… The New York State Common Retirement Fund’s (Fund) estimated … period ending June 30, 2019, raising its estimated value to $216.2 billion, according to New York State … the nation. The Fund's fiscal year ends March 31. Find out how your government money is spent at Open Book New York . …
https://www.osc.ny.gov/press/releases/2019/08/nys-common-retirement-fund-reports-first-quarter-resultsNY State Comptroller DiNapoli Asks Express Scripts' Shareholders to Back Cyber Security Risk Proposal
… New York State Common Retirement Fund is the third largest public pension fund in the United States, with an estimated … beneficiaries. The Fund has a diversified portfolio of public and private equities, fixed income, real estate and …
https://www.osc.ny.gov/press/releases/2018/05/ny-state-comptroller-dinapoli-asks-express-scripts-shareholders-back-cyber-security-risk-proposalNY State Comptroller DiNapoli: Wells Fargo Needs to Pull Back the Curtain on Its Incentive Pay Program
… possible material losses. Wells Fargo is facing multiple lawsuits from employees, customers and investors, and … $722,076,364 as of March 31, 2018. In addition to pursuing greater daylight on Wells Fargo's compensation practices at … York State and Local Retirement System on behalf of more than one million state and local government employees and …
https://www.osc.ny.gov/press/releases/2018/04/ny-state-comptroller-dinapoli-wells-fargo-needs-pull-back-curtain-its-incentive-pay-programDiNapoli: NYC Budget Benefiting From Strong Economy
… a surplus of $135 million for fiscal year 2016, but the surplus will likely grow as tax collections are higher … to use the projected surplus to narrow the projected FY 2017 budget gap to $1.2 billion, while the projected gaps … fund revenues), and the budgets for these years include a general reserve of $1 billion. Employment growth in New York …
https://www.osc.ny.gov/press/releases/2015/12/dinapoli-nyc-budget-benefiting-strong-economyState Audit Shows Need to Improve Response to Noise Complaints in NYC
… The growing number of noise complaints related to nightlife establishments in New York City highlights the … (SLA) and the New York City Police Department (NYPD) to better communicate and crack down on bars and clubs with … taken by police officers, or the records are unclear as to how their actions addressed the complaints. DiNapoli …
https://www.osc.ny.gov/press/releases/2017/06/state-audit-shows-need-improve-response-noise-complaints-nycDiNapoli: Tax Collector Sentenced for Dodging Her Own Tax Bills
… a total of $4,303 in restitution for falsifying her own tax payments for at least three years until her crimes were … meanwhile, failed to pay her taxes, track other residents’ tax payments, balance the bank account or even deposit cash … monitoring of the clerk’s activities to ensure that tax collections are promptly deposited and accurately …
https://www.osc.ny.gov/press/releases/2015/10/dinapoli-tax-collector-sentenced-dodging-her-own-tax-billsDiNapoli: Local Sales Tax Revenue Slows in 2016
… York state only grew 1.7 percent in the first six months of 2016, according to a report released today by State … tax revenues continue to rebound slowly, only some parts of the state are seeing growth,” DiNapoli said. “The slowdown … a three-year trend. Collections trickle in the first half of the year, followed by more robust growth in the second …
https://www.osc.ny.gov/press/releases/2016/08/dinapoli-local-sales-tax-revenue-slows-2016DiNapoli: Potential Changes in Federal Policies Pose Risks for New York City's Budget
… levels. The city should continue to identify opportunities for agency savings, which will provide added budgetary … and are manageable under current conditions. The budgets for these years include annual reserves of $1.25 billion that … estimated 1.8 percent, with non-property taxes declining for the first time since FY 2010. Job creation has also …
https://www.osc.ny.gov/press/releases/2017/08/dinapoli-potential-changes-federal-policies-pose-risks-new-york-citys-budgetNYS Common Retirement Fund Announces Third Quarter Results
… The New York State Common Retirement Fund’s (Fund) overall return in the third quarter … December 31, 2014, bringing the Fund’s estimated value to $181.7 billion, according to New York State Comptroller …
https://www.osc.ny.gov/press/releases/2015/02/nys-common-retirement-fund-announces-third-quarter-resultsDiNapoli: Monroe County Failed to Monitor Contractor Operating Golf Courses, Costing Taxpayers
… of the lack of oversight, Tindale did not perform or pay for a number of required contractual duties, as well as … For a copy of the report visit: http://www.osc.state.ny.us/localgov/audits/counties/2014/monroe.pdf For access to …
https://www.osc.ny.gov/press/releases/2014/08/dinapoli-monroe-county-failed-monitor-contractor-operating-golf-courses-costing-taxpayersNYS and NYC Pension Funds To SEC: Greater Disclosure Needed On Risks Faced By Fossil Fuel Industry
… challenges. DiNapoli, Trustee of the New York State Common Retirement Fund, and Stringer, Chief Investment Advisor of … produce emissions that contribute to it. But when asked how laws and regulations to prevent climate change may affect … the assets of the New York State and Local Retirement System on behalf of more than one million state and local …
https://www.osc.ny.gov/press/releases/2015/04/nys-and-nyc-pension-funds-sec-greater-disclosure-needed-risks-faced-fossil-fuel-industryOpinion 88-28
… is published to determine which of several newspapers meeting the threshold requirements of GCL, §60(a) and POL, …
https://www.osc.ny.gov/legal-opinions/opinion-88-28