The New York State Common Retirement Fund’s (Fund) estimated return in the first quarter of the State Fiscal Year (SFY) 2020-21 was 10.35 percent for the three-month period ending June 30, 2020, with an estimated value of $216.3 billion, according to New York State Comptroller Thomas P. DiNapoli.
New York State Comptroller Thomas P. DiNapoli, as trustee of the New York State Common Retirement Fund (the Fund), and the Fire and Police Pension Association of Colorado (FPPA) announced that they have been appointed co-lead plaintiffs in a derivative lawsuit filed against current and former directors and executive officers of The Boeing Company. The order appointing DiNapoli and FPPA as co-lead plaintiffs was issued on August 3 by Delaware Chancery Court Chancellor Andre G. Bouchard.
New York State Comptroller Thomas P. DiNapoli today announced the New York State Common Retirement Fund (Fund) had a -2.68 percent return on investments in the state fiscal year (SFY) that ended on March 31, 2020, reflecting a slight decrease as a result of the COVID-19 pandemic. The Fund ended its fiscal year during the early outbreak of the pandemic in the United States with a value of $194.3 billion. Globally, assets swiftly recovered in the second quarter of 2020.
In June, the Office of the State Comptroller approved 896 contracts for state agencies and public authorities valued at $11.6 billion and approved more than 32.5 million payments worth nearly $25.9 billion. The Office rejected 102 contracts and related transactions valued at more than $1.9 billion and more than 28,500 payments valued at nearly $26.1 million, primarily for errors, insufficient support for charges, and improper payments. More information on these contracts and payments is available at www.openbooknewyork.com.
The Department of Environmental Conservation (DEC) needs to improve efforts to control invasive species such as zebra mussels, hydrilla and giant hogweed that have established footholds across New York state and threaten native species, agriculture and tourism, according to an audit released today by State Comptroller Thomas P. DiNapoli.
New York State Comptroller Thomas P. DiNapoli announced today the following audits have been issued.
State tax receipts in June were down $1.5 billion or 17.3 percent from the previous year, according to the monthly state cash report released by State Comptroller Thomas P. DiNapoli.
New York lags behind most other states in responding to the 2020 Census, ranking 38th in the country, New York State Comptroller DiNapoli said today. Only 57.6 percent of New York households have responded compared to the national average of 62 percent. He urged New Yorkers to be counted and respond to the Census.
The Rochester Democrat & Chronicle published an op-ed from New York State Comptroller Thomas P. DiNapoli highlighting the urgent need to help the growing number of New Yorkers going hungry in the wake of the economic damage caused by the COVID-19 pandemic. The full op-ed is below:
New York State Comptroller Thomas P. DiNapoli announced today the following audits have been issued.
