New York State Comptroller Thomas P. DiNapoli has directed staff to prohibit all new investments in Russian companies and to review the New York State Common Retirement Fund’s (Fund) current investments and assess whether they present financial risks that warrant further restrictions or divestment. He is also reaching out to the Fund’s investment managers to urge them to conduct a similar examination to mitigate investment risk and minimize market impact.

In January, the Office of the State Comptroller approved 1,323 contracts for state agencies and public authorities valued at $3.3 billion and nearly 1.9 million payments worth nearly $11 billion. The office rejected 69 contracts and related transactions valued at $109.5 million and more than 3,400 payments valued at nearly $7.6 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.

New York State Comptroller Thomas P. DiNapoli issued the following statement today on the MTA’s February Financial Plan:

“The MTA’s February Financial Plan underlines the seriousness of the situation the authority – and the state and city – face in dealing with upcoming fiscal challenges. The plan acknowledges that each of the next three years will be balanced with the use of one-time federal relief and most concerningly, in 2025, with deficit financing. The idea that it will be years before the MTA needs to find a solution to its structural imbalance is troubling.

New York State Comptroller Thomas P. DiNapoli today announced the launch of new online dashboards to track data for key industry sectors in New York City on a regular basis, providing policy makers and the public with a look at how the COVID-19 pandemic has affected the city and how its recovery is progressing.

New York State Comptroller Thomas P. DiNapoli issued the following statement today regarding the approval of the settlement of the derivative lawsuit the New York State Common Retirement Fund (Fund) and the Fire and Police Pension Association of Colorado (FPPA) filed against the directors of The Boeing Company. State Comptroller DiNapoli, as trustee of the Fund, and the FPPA were appointed co-lead plaintiffs in the lawsuit.

New York State Comptroller Thomas P. DiNapoli released the following statement on Mayor Adams’ preliminary budget proposal:

“Mayor Adams put forward his first budget proposal as New York City is still rebounding from the pandemic and is facing an uneven economic recovery. The city’s outlook has improved, a result of some good fortune and more proactive planning, but it can do more to prepare for ongoing uncertainty and boost its reserves.

New York State Comptroller Thomas P. DiNapoli today announced the New York State Common Retirement Fund’s (Fund) efforts to increase corporate accountability for progress on diversity, equity and inclusion (DEI) issues. DiNapoli’s approach seeks action from corporations to ensure racial equity while holding them accountable for failing to ensure DEI throughout all levels of their companies.

New York State Comptroller Thomas P. DiNapoli today announced the following audits were issued.

New York State Comptroller Thomas P. DiNapoli today released a report showing that New York’s environment and sustainability initiatives are creating new green occupations, as well as creating additional demand for existing occupations and changing the skills required to fulfill others. In total, these occupations made up over 17% of all jobs in the state pre-pandemic. He urged the state to fund more educational and workforce development programs to grow the green economy and help bolster New York’s pandemic recovery.

Unrestricted state aid for cities, towns and villages has remained flat or declined over the last decade, according to a report issued today by New York State Comptroller Thomas P. DiNapoli. When adjusted for inflation, unrestricted aid to local governments has actually declined by 24% since 2011, when the state’s real property tax cap was enacted.