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

State Audit Finds Rochester Transportation Authority Incorrectly Administered Compensation Program

Top executives at the Rochester-Genesee Regional Transportation Authority (RGRTA) collected 57 percent of the authority’s salary bonuses over a three-year period because the authority rewarded collective achievements instead of individual efforts, according to an audit released today by State Comptroller Thomas P. DiNapoli.

NY State Common Retirement Fund Selects New Deputy Chief Investment Officer

New York State Comptroller Thomas P. DiNapoli today announced the appointment of Anastasia Titarchuk to the position of Deputy Chief Investment Officer for the $181.7 billion New York State Common Retirement Fund. Titarchuk previously served the Fund as Director of Absolute Return Strategies.

“Anastasia’s talent and varied financial experience are perfectly suited to helping manage the Fund,” DiNapoli said. “We are fortunate to have her with us.”

DiNapoli Announces State Contract & Payment Actions for January 2015

State Comptroller Thomas P. DiNapoli announced today his office approved 1,577 contracts valued at $1.2 billion and approved nearly 1.3 million payments worth $9.6 billion in January. His office also rejected 190 contracts and related transactions valued at $675 million and nearly 2,000 payments valued at $1.6 million due to fraud, waste or other improprieties.

DiNapoli: January Tax Collections Fall Short

State tax collections through the first 10 months of the state’s fiscal year rose 1 percent from last year to $58.9 billion, but were $367.3 million below the state’s latest estimates because of lower than expected Personal Income Tax (PIT) collections, according to the January state cash report released today by State Comptroller Thomas P. DiNapoli.