New York State Comptroller Thomas P.

Employer contribution rates for the New York State and Local Retirement System (NYSLRS) will decline in Fiscal Year 2015-16, New York State Comptroller Thomas P. DiNapoli announced today. 

The average contribution rate for the Employees Retirement System (ERS) will decrease by about nine percent from 20.1 percent of payroll to 18.2 percent of payroll. The average contribution rate for the Police and Fire Retirement System (PFRS) will decrease by about 11 percent from 27.6 percent of payroll to 24.7 percent of payroll.

Tax revenues through the first four months of the State’s fiscal year came in $17.7 million lower than the Division of the Budget’s latest projections but more than $1 billion higher than originally forecasted, according to the monthly state cash report issued today by New York State Comptroller Thomas P. DiNapoli. The General Fund balance remains high compared to historical levels, with $9.6 billion at the end of July, $25.2 million higher than the latest projections.

New York State Comptroller Thomas P. DiNapoli’s op-ed, “New York Should Opt into Public Financing of Elections”was published in The Albany Times Union today, urging the state Legislature to pass comprehensive campaign finance reform in New York, including public funding of elections for all state offices.

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State Comptroller Thomas P. DiNapoli announced today his office approved 1,693 contracts valued at $1.1 billion and approved more than 1.8 million payments worth approximately $8 billion in July. His office also rejected 204 contracts and related transactions valued at $356 million and nearly 2,000 payments valued at approximately $3 million due to fraud, waste or other improprieties.

The former treasurer of the Le Roy Fire Department and the Le Roy Fireman’s Benevolent Association was sentenced today for stealing nearly $46,000 in public funds to pay for gambling at local casinos, according to New York State Comptroller Thomas P. DiNapoli.

New York State Comptroller Thomas P.

Comptroller Thomas P. DiNapoli and Attorney General Eric T. Schneiderman today announced the guilty plea of Melinda “Mindy” Wormuth, the former town of Halfmoon supervisor, on state charges for stealing several campaign contributions donated to her campaign fund. The public corruption case arose out of a cooperative federal-state partnership between the State Comptroller, the Attorney General, the Federal Bureau of Investigation, and the United States Attorney's Office for the Northern District of New York.

New York state continues to have high levels of foreclosure activity with new foreclosure filings remaining significantly higher than prerecession levels, according to a report released today by State Comptroller Thomas P. DiNapoli.

The New York State Common Retirement Fund's (Fund) overall return in the first quarter of the state fiscal year 2015-2016 was 0.52 percent for the three-month period ending June 30, 2015, with an estimated value of $182.5 billion, according to New York State Comptroller Thomas P. DiNapoli.