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

NYS Common Retirement Fund Reports Second Quarter Results

The New York State Common Retirement Fund’s (Fund) estimated return in the second quarter of the State Fiscal Year 2018-2019 was 3.47 percent for the three-month period ending September 30, 2018, with an estimated value of $213.2 billion, according to New York State Comptroller Thomas P. DiNapoli.

State Contract and Payment Actions in September

In September, the Office of the State Comptroller approved 1,343 contracts for state agencies and public authorities valued at $2.1 billion and approved nearly 2.7 million payments worth more than $11.6 billion. The office rejected 106 contracts and related transactions valued at $260 million and nearly 2,500 payments valued at more than $5.8 million. More information on these contracts and payments is available at www.openbooknewyork.com.

DiNapoli Audit Finds Food Inspection Failures at NYC Homeless Shelters

The state and city agencies in charge of overseeing food services at homeless shelters in New York City were lax in inspecting them and did not check if food service workers were tested for tuberculosis (TB), according to an audit released today by New York State Comptroller Thomas P. DiNapoli.

DiNapoli: New Jersey Man Pleads Guilty to Embezzling From a Decedent's Estate for Which He Was Court-Appointed Administrator

State Comptroller Thomas P. DiNapoli, United States Attorney for the Southern District of New York, Geoffrey S. Berman and Philip R. Bartlett, Inspector-in-Charge of the New York Office of the U.S. Postal Inspection Service ("USPIS") announced that Gregory Bayard pled guilty to wire fraud today in White Plains federal court. The charge arose out of Bayard's embezzlement of approximately $1.4 million from a decedent's estate for which he served as a court-appointed administrator.

DiNapoli: New York Sends More Money to Washington Than It Gets Back

New York sent an estimated $24.1 billion more in tax payments to Washington than it got back in federal spending in federal fiscal year (FFY) 2017, getting back 90 cents for every dollar, according to a report released today by State Comptroller Thomas P. DiNapoli. In 2017, New York was one of just 11 states that sent more to Washington than it received. Only New Jersey, Massachusetts and Connecticut fared worse while New Mexico fared the best.