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NEWS from the Office of the New York State Comptroller
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DiNapoli: State Pension Fund Calls on Corporations to Address Environmental and Climate Risks

New York State Comptroller Thomas P. DiNapoli today announced that, as a result of recent shareholder proposals he has filed on behalf of the New York State Common Retirement Fund (Fund), companies are taking action to address investment risks posed by climate change and impacts of environmental justice.

DiNapoli Finds Medicaid Billing Errors of Nearly $1 Billion

The state Department of Health (DOH) made $965 million in payments to providers, including facilities, for services ordered, prescribed, referred, and attended by practitioners who were not enrolled in the health care program, including those who had been barred due to misconduct, according to an audit released today by State Comptroller Thomas P. DiNapoli. Two other audits released today found an additional $17 million in overpayments.

DiNapoli: State Fiscal Year 2021-22 Tax Revenues $3.3 Billion Over Final Projections

Tax collections for State Fiscal Year (SFY) 2021-22 totaled $121.1 billion — $3.3 billion higher than forecast by the Division of the Budget (DOB) in the Amended Executive Budget financial plan released in February, and more than $30 billion higher than DOB’s initial forecasts from May 2021, according to the March State Cash Report released today by New York State Comptroller Thomas P. DiNapoli.

DiNapoli and Orange County DA Hoovler Detail Guilty Plea in Pension Fraud Case

New York State Comptroller Thomas P. DiNapoli and Orange County District Attorney David M. Hoovler announced that on Thursday, April 14, 2022, Valerie White, 58, of Middletown, pled guilty in Orange County Court to Grand Larceny in the Third Degree. Under the plea agreement announced on the record at the time of the guilty plea, White was ordered to pay restitution in the amount of $51,532.64, which is the total funds that White illegally stole from the state pension system.

DiNapoli Releases Fiscal Stress Scores for Villages and Cities

State Comptroller Thomas P. DiNapoli today announced that 10 villages and two cities were designated in fiscal stress under his Fiscal Stress Monitoring System. DiNapoli evaluated all non-calendar year local governments and designated one city and two villages in “moderate fiscal stress” and eight villages and one city as “susceptible to fiscal stress.”

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.