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NEWS from the Office of the New York State Comptroller
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Comptroller DiNapoli Announces Joint Effort With Ulster, Orange County District Attorneys to Combat COVID-19 Scams

New York State Comptroller Thomas P. DiNapoli, Orange County District Attorney David M. Hoovler and Ulster County District Attorney David J. Clegg announced on Wednesday, April 29, 2020, their offices will be coordinating with each other, as well as with other law enforcement officials, to protect the public from COVID-19 related internet scams.

State Contract and Payment Actions in March

In March, the Office of the State Comptroller approved 1,644 contracts for state agencies and public authorities valued at $3.4 billion and approved approximately four million payments worth more than $23.5 billion. The Office rejected 103 contracts and related transactions valued at $180 million and nearly 9,500 payments valued at more than $41.4 million. More information on these contracts and payments is available at www.openbooknewyork.com.

Comptroller DiNapoli Announces $50 Million Toward Small Business Relief, Job Retention

New York State Comptroller Thomas P. DiNapoli today announced that the New York State Common Retirement Fund (the Fund) is putting $50 million toward the federal Paycheck Protection Program (PPP), a component of the latest coronavirus relief package. Under the PPP, employers can secure loans that will be forgiven by the federal government if employees are kept on the payroll for eight weeks and the money is used for payroll, rent, mortgage interest, or utilities.

New York State’s Pension Fund and Church Commissioners Release Open Letter to ExxonMobil Shareholders

The New York State Common Retirement Fund and The Church Commissioners for England have today written an open letter to ExxonMobil shareholders in advance of the ExxonMobil annual shareholders’ meeting, which takes place on May 27, 2020, in Dallas, Texas. The open letter calls on shareholders to join the two institutions, who lead engagement with ExxonMobil as part of the Climate Action 100+ initiative, and make clear, via their voting, that the time has come for change in the governance and strategy of the corporation.

DiNapoli: Waiving Waiting Period for Public Workers' Retirement Protects Families During Pandemic Crisis

New York State Comptroller Thomas P. DiNapoli today applauded Governor Cuomo’s Executive Order waiving the statutory 15-day waiting period before a public employee’s service retirement can take effect. DiNapoli requested the Executive Order in order to safeguard benefits for families who may lose a loved one to COVID-19 before their service retirement can be made official. The Executive Order applies to member of the New York State and Local Retirement System.

DiNapoli: Coronavirus Will Cause Multi-Year Hit to State Finances

The coronavirus pandemic has caused extraordinary economic challenges in New York with punishing, still-evolving impacts on public health, jobs, the economy and state finances. As a result, the enacted state budget leaves greater uncertainty for school districts, health care providers and local governments this year than ever before, according to a report released today by New York State Comptroller Thomas P. DiNapoli.

DiNapoli Op-Ed in Newsday Urges Washington to Help Governments Hurt by COVID-19

Newsday published an op-ed from New York State Comptroller Thomas P. DiNapoli today pressing the federal government to do more to help state and local governments hit hard by the coronavirus. The full op-ed is below:

State, local governments can slide into fiscal black hole

We are all painfully aware of the devastating health impacts of the COVID-19 pandemic. What is also becoming frighteningly clear is the unprecedented economic devastation. New York and other hard hit areas need money to balance their books and that cash needs to come from Washington.