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

        
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NY State Comptroller DiNapoli Asks Express Scripts' Shareholders to Back Cyber Security Risk Proposal

New York State Comptroller Thomas P. DiNapoli, trustee of the New York State Common Retirement Fund (Fund), today announced that he has written to fellow Express Scripts shareholders urging them to support his call for the pharmacy benefit management company to publicly detail its cyber risk and actions taken to ensure cyber security.

State Contract and Payment Actions in March

In March, the Office of the State Comptroller approved 1,458 contracts for state agencies and public authorities valued at $19.5 billion and approved more than 3.8 million payments worth nearly $23.5 billion. The office rejected 215 contracts and related transactions valued at $520.4 million and more than 5,800 payments valued at nearly $8.6 million. More information on these contracts and payments is available at www.openbooknewyork.com.

DiNapoli Releases Analysis of Enacted State Budget

The $168.3 billion State Fiscal Year (SFY) 2018-19 Enacted Budget increases funding for education, health care and other programs, but allows more borrowing and limits transparency of state spending, according to a report released today by State Comptroller Thomas P. DiNapoli.

NY State Comptroller DiNapoli: Wells Fargo Needs to Pull Back the Curtain on Its Incentive Pay Program

New York State Comptroller Thomas P. DiNapoli, trustee of the New York State Common Retirement Fund (the Fund), today announced that he has written to fellow Wells Fargo shareholders urging them to support his call for the bank to provide a report detailing the company's efforts to determine whether its incentive pay practices have exposed it to financial loss. DiNapoli's shareholder proposal will be put to a vote of fellow investors at the bank's annual meeting on April 24.

State Tax Collections Rose $4.9 Billion in Fiscal Year 2017-18

Tax receipts for State Fiscal Year 2017-18 reached $79.3 billion, $4.9 billion, or 6.6 percent above the previous year, according to the state cash report released today by State Comptroller Thomas P. DiNapoli. The state ended its fiscal year on March 31 with a General Fund balance of $9.4 billion, an increase of $1.7 billion over the prior fiscal year.