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NEWS from the Office of the New York State Comptroller
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DiNapoli Warns Changing Fiscal Landscape Could Increase Budget Challenges for Local Governments

The expiration of one-time federal pandemic aid, combined with state aid that has not kept pace with inflation and slower growth in local revenue may push some local governments closer to the edge of a fiscal cliff, according to a report released today by State Comptroller Thomas P. DiNapoli. The report provides an overview of these revenue sources and how they have affected local budgets in recent years.

DiNapoli: State Pension Fund Valued at $273.4 Billion at End of Third Quarter

New York State Comptroller Thomas P. DiNapoli today announced that the estimated value of the New York State Common Retirement Fund (Fund) was $273.4 billion at the end of the third quarter of State Fiscal Year 2024-25. For the three-month period ending Dec. 31, 2024, Fund investments returned an estimated -0.14%.

Thousands of State Computers and Other IT Devices Unaccounted for or Stored With Lax Security

The state’s Office of Information Technology Services’ (ITS) lax inventory records have led to thousands of computers and other costly information technology (IT) equipment being unaccounted for, and the agency destroys new and barely used devices rather than donating or selling them, according to an audit released today by State Comptroller Thomas P. DiNapoli.

Former Avon Police Chief Pleads Guilty to Stealing Federal Funds

U.S. Attorney Trini E. Ross announced today that that Joseph Geer, 40, of Caledonia, NY, pleaded guilty before Chief U.S. District Judge Elizabeth A. Wolford to theft of funds related to a federal program, which carries a maximum penalty of 10 years in prison, and a fine of $250,000.

DiNapoli Releases Executive Budget Report

In his annual report assessing the proposed Executive Budget, State Comptroller Thomas P. DiNapoli identifies risks and concerns that underscore the importance of taking action to address the trajectory of state spending and improve the state’s structural imbalance, while continuing to bolster the state’s rainy day reserves.

Former West Carthage Treasurer Charged With Stealing Thousands of Dollars From the Village

The former Deputy Clerk-Treasurer of the Village of West Carthage, Kaytlin Ennis, was arraigned yesterday afternoon for allegedly stealing over $3,000 from the village, State Comptroller Thomas P. DiNapoli, Jefferson County District Attorney Kristyna Mills and New York State Police Superintendent Steven G. James announced.