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NEWS from the Office of the New York State Comptroller
Contact: Press Office 518-474-4015

DiNapoli: MTA Budget Continues to Face Serious Risks

The Metropolitan Transportation Authority is expected to devote one-fifth of total revenue to debt service by 2023 as it relies increasingly on borrowing to finance its capital needs, leaving a smaller share of revenue for other priorities and hindering budget flexibility during an economic setback, according to a report released today by State Comptroller Thomas P. DiNapoli.

DiNapoli: New York State Pension Fund and Coca Cola Reach Agreement on Executive Pay

Coca Cola Co. will consider the wages it pays all of its employees when setting executive salaries, aiming to bring them into closer alignment, State Comptroller Thomas P. DiNapoli, trustee of the New York State Common Retirement Fund (Fund), announced today. In response to the agreement, the Fund withdrew its shareholder resolution with the Atlanta-based beverage giant.

DiNapoli Report Analyzes Regional Trends in Education for School Districts Outside New York City

A new report by New York State Comptroller Thomas P. DiNapoli shows the challenges faced by the state’s school districts are as varied as the state itself. Regional factors including the local economy, labor force mix and demographics all have implications for spending, pupil outcomes and the delivery of services, including special education. The report details school district demographic and financial information from nine separate regions outside New York City.

DiNapoli Faults Oversight at Public Service Commission of Orders and Agreements

The state Public Service Commission (PSC) is falling short in monitoring Charter Communications Inc. and other utilities across New York, according to an audit released today by State Comptroller Thomas P. DiNapoli. Auditors found regulators lacked the equipment to measure Internet speeds, used inaccurate data to track service reliability and imposed only four penalties in four years.

DiNapoli Urges Changes to Protect Children Placed in Custody of Relatives or Guardians

The state Office of Children and Family Services (OCFS) is not doing enough to ensure adequate protections are in place for children who are placed in the custody of relatives or another suitable person outside the foster care system, according to an audit released today by State Comptroller Thomas P. DiNapoli.

DiNapoli, James and Garnett Announce Sentencing in Straw Donation Scheme

State Comptroller Thomas P. DiNapoli, Attorney General Letitia James and New York City Department of Investigation Commissioner Margaret Garnett announced the sentencing of non-profit executive Anna Mendez for the misuse of nonprofit funds to fund straw political donations to former New York City Council candidate Albert Alvarez.

On Tuesday, in New York County Supreme Court, Mendez was sentenced to 5 years’ probation.