State Comptroller Thomas P. DiNapoli, Attorney General Letitia James and New York City Department of Investigation Commissioner Margaret Garnett announced the sentencing of non-profit executive Anna Mendez for the misuse of nonprofit funds to fund straw political donations to former New York City Council candidate Albert Alvarez.
On Tuesday, in New York County Supreme Court, Mendez was sentenced to 5 years’ probation.
In January, the Office of the State Comptroller approved 1,485 contracts for state agencies and public authorities valued at $18.1 billion and approved more than 1.8 million payments worth nearly $11.1 billion. The office rejected 130 contracts and related transactions valued at $670 million and more than 2,800 payments valued at nearly $41.2 million. More information on contracts, payments and state and local government spending is available at www.openbooknewyork.com.
New York State Comptroller Thomas P. DiNapoli today announced the New York State Common Retirement Fund (Fund) is reviewing 27 thermal coal mining companies to determine whether they are taking steps to transition to a more sustainable business model in line with the growing low carbon economy. The review of coal companies is part of DiNapoli’s Climate Action Plan to further decarbonize the state pension fund’s investments.
In December, the Office of the State Comptroller approved 1,898 contracts for state agencies and public authorities valued at $33.9 billion and approved more than 1.9 million payments worth nearly $10.7 billion. The office rejected 181 contracts and related transactions valued at $412 million and nearly 1,300 payments valued at more than $9.7 million. More information on these contracts and payments is available at www.openbooknewyork.com.
State Comptroller Thomas P. DiNapoli announced today his auditors found a total of $11.7 million in costs that should be recouped after examining eight preschool special education providers.
The New York State Common Retirement Fund’s (Fund) estimated return in the third quarter of the State Fiscal Year (SFY) 2019-20 was 5.28 percent for the three-month period ending Dec. 31, 2019, with an estimated value of $225.9 billion, according to New York State Comptroller Thomas P. DiNapoli.
New York State Comptroller Thomas P. DiNapoli announced today the following audits have been issued.
New York State Comptroller Thomas P. DiNapoli today announced $800 million in recent investments through the New York State Common Retirement Fund’s (Fund) Sustainable Investments and Climate Solutions program.
Despite projections for healthy gains in tax receipts and continued growth in the economy, the State Fiscal Year (SFY) 2020-21 Executive Budget reflects significant fiscal challenges related, in part, to higher than expected spending in the Medicaid program, according to an analysis released today by New York State Comptroller Thomas P. DiNapoli.
"The state has to close a more than $6 billion budget gap and is contending with a significant jump in Medicaid spending. Notably, the state's fiscal problems arise at a time when our economy is relatively strong and tax collections are more than $1 billion above projections for the year.
“The Executive budget tackles some tough issues but we need to more closely examine the specifics and the broader impact of these proposals. The Medicaid Redesign Team is faced with the challenge of identifying $2.5 billion in realistic, long-term changes by April 1.
