In July, the Office of the State Comptroller approved 1,308 contracts for state agencies and public authorities valued at $6.5 billion and approved nearly 27.3 million payments worth more than $19.9 billion. The office rejected 140 contracts and related transactions valued at $120 million and more than 24,400 payments valued at more than $37.7 million, primarily for mistakes, insufficient support for charges, and improper payments. Information on these contracts and payments is available at www.openbooknewyork.com.

Legislation introduced at the request of the State Comptroller that will help ease the financial difficulties facing local governments and school districts and give them greater fiscal flexibility amid the COVID-19 pandemic has been signed into law, New York State Comptroller Thomas P. DiNapoli announced today.

New York State Comptroller Thomas P. DiNapoli today announced the following local government audits have been issued.

New York State Comptroller Thomas P. DiNapoli today released an audit of the New York City Department of Homeless Services’ (DHS) efforts to make capital improvements to shelters. The audit found that badly-needed shelter repairs are too often delayed with little or no explanation, allowing conditions to deteriorate further and, in some cases, forcing residents to relocate.

New York State Comptroller Thomas P. DiNapoli announced today the following audits have been issued.

New York State Comptroller Thomas P. DiNapoli today announced his appointment of Navyug “Nav” Patel as deputy chief investment officer of the New York State Common Retirement Fund. Patel has served as the Fund’s interim deputy CIO since July 2018.

Three major U.S. companies have agreed to fully disclose their political spending under agreements reached with the New York State Common Retirement Fund (Fund), New York State Comptroller Thomas P. DiNapoli announced today.

State tax receipts of $26.4 billion through the first four months of the state fiscal year were $3 billion, or 10.2 percent, below the same period last year, according to the July cash report issued today by State Comptroller Thomas P. DiNapoli.

Sales tax revenue for local governments in July fell 8.2 percent compared to the same period last year, according to New York State Comptroller Thomas P. DiNapoli. Collections for counties and cities in July totaled $1.3 billion, or $116 million less than in July 2019. Although revenue is still down compared to July 2019, the decline is less steep than any month since March, when the COVID-19 pandemic began to affect sales tax collections.

The New York State Common Retirement Fund’s (Fund) estimated return in the first quarter of the State Fiscal Year (SFY) 2020-21 was 10.35 percent for the three-month period ending June 30, 2020, with an estimated value of $216.3 billion, according to New York State Comptroller Thomas P. DiNapoli.