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

State Comptroller Thomas P. DiNapoli Statement on New York State Budget for SFY 2022-23

"The passing of the state budget is welcome news. While jobs are rebounding in many industries, our economic recovery lags the nation, and risks have expanded as the budget process has unfolded, with growing geopolitical uncertainty surrounding Russia’s invasion of Ukraine and persistently high inflation. In addition, New Yorkers continue to grapple with the health, economic, and social impacts of the pandemic.

Independent Review Finds State Pension Fund Operates Under Highest Ethical and Professional Standards

An independent fiduciary and conflict of interest review of the New York State Common Retirement Fund (Fund), released today by New York State Comptroller Thomas P. DiNapoli, commended the Comptroller and Fund staff for holding “themselves to the highest ethical, professional and conflict of interest standards” and for being “well-prepared for the challenges that the [COVID-19] pandemic posed.” The review was conducted by Kroll LLC.

State Comptroller DiNapoli Statement on State Budget Extender

New York State Comptroller Thomas P. DiNapoli issued the following statement today regarding the Legislature's passage of an extender bill to fund state operations:

"The passage of a budget extender bill will ensure that more than 60,000 state employees will be paid this week. However, since the extender was passed after the time in which OSC indicated it must be done to avoid any disruptions, there may be a delay and employees on the institutional payroll should watch closely."

State Contract and Payment Actions in February

In February, the Office of the State Comptroller approved 1,465 contracts for state agencies and public authorities valued at $1.4 billion and approved more than 2.9 million payments worth nearly $10 billion. The office rejected 121 contracts and related transactions valued at $206.2 million and nearly 7,000 payments valued at more than $23.1 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.

DiNapoli Orders Divestment of Russia Holdings

New York State Comptroller Thomas P. DiNapoli, sole trustee of the New York State Common Retirement Fund (Fund), today announced that he has directed divestment from Russian companies and continued his prohibition of any further investments in them.

DiNapoli: Despite Progress, Pay Gap for Women Persists

Median earnings for full-time working women in New York were 86 cents for every dollar earned by men in 2019, an annual wage gap of $8,821, according to a new analysis by New York State Comptroller Thomas P. DiNapoli. The analysis, based on the most recent state-level data available, finds the gap in New York was smaller than the national wage gap of $10,150, with women earning 81 cents for every dollar paid to men on average.