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

DiNapoli Appoints Nelson Sheingold as Counsel to the Comptroller

State Comptroller Thomas P. DiNapoli announced today that he has appointed Nelson Sheingold as Counsel to the Comptroller, to take effect in early March. He will direct all legal affairs for the Office of the State Comptroller and continue to lead efforts to fight public corruption.

NYS Common Retirement Fund Reports Third Quarter Results

The New York State Common Retirement Fund’s (Fund) estimated return in the third quarter of the State Fiscal Year (SFY) 2018-19 was -7.17 percent for the three-month period ending Dec. 31, 2018, with an estimated value of $197.3 billion, according to New York State Comptroller Thomas P. DiNapoli.

Westchester Attorney Pleads Guilty to Mail Fraud for Attempting to Embezzle From a Decedent's Estate for Which He Was Court-Appointed Administrator

New York State Comptroller Thomas P. DiNapoli and U.S. Attorney Geoffrey Berman announced that Guy Parisi, a Westchester attorney, pled guilty today to a mail fraud charge arising from his attempt to embezzle funds from a decedent’s estate for which he served as a court-appointed administrator. Parisi entered the plea in White Plains federal court before U.S. Magistrate Judge Lisa Margaret Smith.

State Comptroller DiNapoli Releases School Audits

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

Akron Central School District – Financial Management (Erie County)

The district reported unrestricted fund balance that exceeded the statutory limit from 2014-15 through 2016-17 by an annual average of approximately $860,000. Unrestricted fund balance exceeded the statutory limit because the board and district officials consistently overestimated appropriations.

State Contract and Payment Actions in December

In December, the Office of the State Comptroller approved 1,733 contracts for state agencies and public authorities valued at $9.7 billion and approved more than 1.7 million payments worth more than $10.9 billion. The office rejected 147 contracts and related transactions valued at $190 million and nearly 2,200 payments valued at more than $9.4 million, primarily due to errors, improprieties or lack of documentation. More information on these contracts and payments is available at www.openbooknewyork.com.

Comptroller DiNapoli: 26 School Districts in Fiscal Stress

Twenty-six school districts have been designated as fiscally stressed under New York State Comptroller Thomas P. DiNapoli’s Fiscal Stress Monitoring System. Although the same number of districts were designated in fiscal stress last year, many of the entities in this year’s list have changed. Only 12 were designated as stressed in both 2018 and 2017.