New York State Comptroller Thomas P. DiNapoli, trustee of the New York State Common Retirement Fund, wrote to fellow Tesla Inc. shareholders urging them to reject Elon Musk’s trillion dollar proposed pay package for a lack of defined goals and to vote against all directors standing for reelection at Tesla’s Nov. 6 Annual Meeting, citing their failure to provide independent oversight and accountability.

Impacts from the recently enacted federal budget law, upcoming appropriations for federal fiscal year 2026 and executive actions since January 2025 risk undermining the strength and competitiveness of New York’s higher education sector and the social and economic benefits it generates, according to a new analysis from State Comptroller Thomas P. DiNapoli.

The owner of a Schenectady County medical transportation company was charged with stealing more than $1.8 million from the state’s Medicaid program over a nearly four-year period, State Comptroller Thomas P. DiNapoli, Schenectady County District Attorney Robert Carney and Schenectady County Sheriff Dominic Dagostino announced today. The company’s office manager was also charged with money laundering in connection with the scheme.

Wall Street’s profits could top $60 billion in 2025 if current trends continue, according to a report released today by New York State Comptroller Thomas P. DiNapoli. The securities industry earned $30.4 billion in the first half of 2025, a faster pace than last year, when full year profits totaled $49.9 billion, the fourth-highest level on record. DiNapoli anticipates profits and bonuses could help generate higher-than-expected city and state tax collections if this pace continues.

New York State Comptroller Thomas P. DiNapoli, Rensselaer County District Attorney Mary Pat Donnelly, and New York State Police Superintendent Steven G. James announced the arrest of a former Troy Housing Authority information technology (IT) employee for the alleged theft of $7,089 in wages. Marsden Chen is accused of running his own company, Diagnostic Services & Installations, while clocked in at his job for the housing authority.

Assistance fell short for vulnerable adults in New York City because Adult Protective Services (APS) experienced staff shortages and high caseloads, according to an audit by New York State Comptroller Thomas P. DiNapoli. The audit found that inadequate state oversight led to missed visits and delayed service plans, leaving some adults with physical or mental challenges without timely services.

New York State Comptroller Thomas P. DiNapoli, Acting United States Attorney for the Northern District of New York John A. Sarcone III, and Acting Inspector General for U.S. Department of Transportation Office of Inspector General Mitch Behm announced the indictment of Jael Watts, the owner of Pearl Transit Corp., on ten counts of wire fraud for her role in a scheme to defraud New York State of over $1.2 million in transportation grant funds.

State tax receipts totaled $59.9 billion through September, the middle of State Fiscal Year (SFY) 2025-26, $702.2 million higher than financial plan estimates from the Division of Budget (DOB), according to the monthly State Cash Report released by New York State Comptroller Thomas P. DiNapoli.

New York State Department of Agriculture and Markets’ (Ag & Markets) initiative to reimburse school districts at a higher rate if at least 30% of the costs for lunch is spent on eligible New York produced and processed food is growing, but it could better meet its objectives if some administrative burdens were addressed, according to an audit released today by State Comptroller Thomas P. DiNapoli.

The stability of the Metropolitan Transportation Authority’s (MTA) finances is increasingly reliant on its ability to find significant savings, grow ridership, and efficiently execute capital improvements, according to State Comptroller Thomas P. DiNapoli’s annual review of the authority’s fiscal outlook.