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NEWS from the Office of the New York State Comptroller
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NYS Common Retirement Fund Announces Second Quarter Results

The New York State Common Retirement Fund’s (Fund) overall return in the second quarter of state fiscal year 2016-2017 was 3.51 percent for the three-month period ending Sept. 30, 2016, with an estimated value of $184.5 billion, according to New York State Comptroller Thomas P. DiNapoli.

DiNapoli: MTA Not Holding Paratransit Contractor Accountable

State Comptroller Thomas P. DiNapoli released an audit today revealing the Metropolitan Transportation Authority (MTA) did not collect almost $400,000 in penalty fees from Global Contact Services (GCS), a contractor who mishandled customer service calls and provided inaccurate travel planning information to customers who utilize the MTA’s Access-A-Ride (AAR) program.

DiNapoli: Tax Collections Down $1.3 Billion in First Half of Fiscal Year

Tax collections through the first half of the state fiscal year (SFY) fell $1.3 billion (3.5 percent) to $36.9 billion from the same period a year ago as personal income tax (PIT) receipts, the state’s largest source of revenue, lagged expectations, according to a mid-year report on revenue and monetary settlements released today by New York State Comptroller Thomas P. DiNapoli.

Former Treasurer of Patterson Volunteer Fire Department Pleads Guilty To Fraud and Tax Charges Arising From His Embezzlement of More Than $1.1 Million

Preet Bharara, the United States Attorney for the Southern District of New York, Shantelle P. Kitchen, the Special Agent in Charge of the New York Field Office of the Internal Revenue Service - Criminal Investigation (“IRS-CI”), William F. Sweeney Jr., the Assistant Director-in-Charge of the New York Field Division of the Federal Bureau of Investigation (“FBI”), Thomas P.

DiNapoli: New York State is Home to 4.4 Million Immigrants, Second Only to California

Immigrants in New York state comprise 22 percent, or 4.4 million, of the state’s population, which is well above the national average of 13 percent, according to a report released today by State Comptroller Thomas P. DiNapoli. Immigrants have helped stabilize populations in some upstate cities and driven growth in other areas such as New York City and Long Island.

DiNapoli: Central New York Economy Slowly Improving

The Central New York economy is starting to rebound from the Great Recession thanks to a wealth of locally educated young adults, a technically experienced workforce and a relatively low cost of living, according to a profile of the region released today by New York State Comptroller Thomas P. DiNapoli. The report, however, noted many communities are still hampered by poverty, unemployment rates above the statewide average and the loss of some large employers.