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NEWS from the Office of the New York State Comptroller
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DiNapoli: State Pension Fund Valued at $233.2 Billion at End of Second Quarter

New York State Comptroller Thomas P. DiNapoli today announced that the estimated value of the New York State Common Retirement Fund (Fund) was $233.2 billion at the end of the second quarter of the state’s fiscal year. For the three-month period ending Sept. 30, 2022, Fund investments returned an estimated -3.85%.

DiNapoli: New York's Labor Force Decreased Sharply During the Pandemic and Remains Below Pre-Pandemic Peak

New York’s labor force is one of the nation’s largest, but it decreased by 1% between 2011 and 2021 while the rest of the nation increased by 5.1%, according to a report released today by State Comptroller Thomas P. DiNapoli. A rebound took place in the latter half of the last decade before dropping significantly with the onset of the COVID-19 pandemic. New York continued to lose workers in 2021 when the rest of the nation began to recover.

DiNapoli: Halfmoon Resident Allegedly Stole Deceased Mother's Pension Payments

State Comptroller Thomas P. DiNapoli, Saratoga County District Attorney Karen A. Heggen, the New York State Police and the New York State Department of Motor Vehicles today announced Christmas Fish of Halfmoon, N.Y. has been charged with grand larceny for allegedly stealing nearly $13,000 of her deceased mother’s pension benefits.

DiNapoli: Problems Caused by Outdated System Left State's Unemployment Insurance Program Vulnerable to Fraud

The state Department of Labor’s (DOL) failure to replace its long-troubled Unemployment Insurance (UI) system and ad hoc workarounds to compensate for the old system weakened oversight and ultimately contributed to an estimated billions of dollars in improper payments during the COVID-19 pandemic, according to an audit released today by State Comptroller Thomas P. DiNapoli.

DiNapoli: New York City Workforce Down Over 19,000, Largest Decline Since Great Recession

Attrition outpaces hiring among New York City’s municipal workforce, which could have an impact on critical city services and programs, according to a report released today by State Comptroller Thomas P. DiNapoli. The report shows the city’s full-time workforce declined by 19,113 employees over the last two years, the largest decline in staffing since the Great Recession of 2008. Despite the city hiring over 40,000 new employees in the last fiscal year, city job vacancies stand at more than 21,000.

DiNapoli Report Finds Big Five School Districts' Use of Pandemic Aid Reflects Different Priorities

New York’s five largest school districts received $8.6 billion in federal pandemic relief funds, and analysis by New York State Comptroller Thomas P. DiNapoli released today found sizeable differences in how school districts are using the funds. The New York City Department of Education plans to use a smaller share of the billions of dollars of its federal aid to help close pandemic learning gaps than other large school districts, both in New York and nationwide.

State Contract and Payment Actions in September

In September, the Office of the State Comptroller approved 1,465 contracts for state agencies and public authorities valued at $2.9 billion and approved more than 2.2 million payments worth more than $14.9 billion. The office rejected 123 contracts and related transactions valued at $348 million and more than 8,700 payments valued at more than $11.8 million, primarily for mistakes, insufficient support for charges, and improper payments. More information on these contracts and payments is available at Open Book New York.