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

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.

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.

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.

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.

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.

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

New York State Comptroller Thomas P. DiNapoli today announced a tentative schedule for the planned bond sales for the state, New York City and their major public authorities during the second quarter of 2020.

The planned sales of $3.68 billion include $2.63 billion of new money and $1.05 billion of refundings and reofferings as follows: