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.

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

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

Town of Knox – Town Clerk (Albany County)

The Clerk did not record, deposit or disburse all money timely and accurately. Auditors determined the clerk did not deposit 367 collections totaling $22,586 (46 percent) within the required time frames.

New York City, New York state and the Metropolitan Transportation Authority all need additional federal aid to mitigate the impact of the COVID-19 pandemic on their budgets and a failure to aid one could adversely affect the others, according to a review of the city’s financial plan released today by New York State Comptroller Thomas P. DiNapoli.

The Buffalo News 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: