New York State

NYS Common Retirement Fund Reports Second Quarter Results

The New York State Common Retirement Fund’s (Fund) estimated return in the second quarter of the State Fiscal Year (SFY) 2019-20 was 1.16 percent for the three-month period ending Sept. 30, 2019, with an estimated value of $215.4 billion, according to New York State Comptroller Thomas P. DiNapoli.

DiNapoli: State Needs to Improve Compliance with Jonathan's Law

The state Office for People With Developmental Disabilities (OPWDD) is not ensuring parents and guardians are properly notified of incidents of abuse and neglect in programs it oversees as required under Jonathan’s Law, according to an audit released today by State Comptroller Thomas P. DiNapoli.

State Comptroller DiNapoli Statement on Proposed SEC Rule Changes

"The SEC's proposals are two of the most significant actions to restrict shareholder rights in the SEC’s history. There is no credible evidence to support the need for these proposals, and if adopted, they would undermine corporate accountability, entrench managements’ opposition to shareholder proposals and increase costs for investors. These proposals are contrary to the SEC's mission to protect investors and our financial markets.

New York State Comptroller DiNapoli Statement on U.S. Withdrawal From Paris Agreement

"The Trump Administration’s decision today to formally begin withdrawing the United States from the Paris Agreement on climate change is a shameful move.

"I was in Paris to support the development of the Paris Agreement and saw firsthand the commitment and dedication of the global community to proactively address climate change and save our planet.

"As trustee of New York state's pension fund I seek out profitable and sustainable investments and encourage our portfolio companies to prepare for a low-carbon future.

DiNapoli Announces Sale of $914.3 Million State of New York General Obligation Refunding Bonds

State Comptroller Thomas P. DiNapoli today announced the sale of $914.3 million State of New York General Obligation Series 2019B Refunding Bonds.

This General Obligation bond issue was sold to refinance certain outstanding bonds generating $112.4 million in debt service savings to the state on a net present value basis. The newly issued bonds refinance outstanding General Obligation debt issued for transportation, environmental and other purposes.

State Contract and Payment Actions in September

In September, the Office of the State Comptroller approved 1,703 contracts for state agencies and public authorities valued at $2 billion and approved nearly 3 million payments worth more than $12.9 billion. The office rejected 143 contracts and related transactions valued at $340 million and more than 2,000 payments valued at more than $6 million. More information on these contracts and payments is available at www.openbooknewyork.com

DiNapoli Op-Ed in Newsday Urges Public Campaign Financing Commission to Keep Fusion Voting and Open Up Political Process

Newsday published an op-ed from New York State Comptroller Thomas P. DiNapoli on fusion voting and adopting public financing by 2022. The full op-ed is below:

It takes big money to run for political office in New York, especially for statewide office. The current campaign financing system erects too many barriers that intimidate and discourage qualified people from seeking public office. Let’s tear down those obstacles and open the path.

DiNapoli Announces Sale of $916 Million State of New York General Obligation Refunding Bonds

State Comptroller Thomas P. DiNapoli today announced the details of the upcoming competitive sale scheduled for October 28 of State of New York General Obligation Refunding Bonds, totaling $916 million.

The bonds will be issued for the purpose of refunding certain outstanding State of New York General Obligation bonds to reduce debt service costs. The bonds would mature over 22 years.