New York State

Subscribe to New York State

State Contract and Payment Actions in May

In May, the Office of the State Comptroller approved 1,872 contracts for state agencies and public authorities valued at $3.9 billion and approved nearly 2.2 million payments worth nearly $14.8 billion. The office rejected 164 contracts and related transactions valued at $310 million and more than 3,600 payments valued at more than $28.5 million. More information on these contracts and payments is available at www.openbooknewyork.com.

DiNapoli: Lax Oversight of Summer Jobs and After School Programs Provider Led to Contract Violations

A non-profit, paid millions by New York City to provide summer jobs and after school programs for youth, violated its contract by charging parents “enrollment fees” and hiring its own executives’ children, among other troubling findings, according to an audit released today by New York State Comptroller Thomas P. DiNapoli.

DiNapoli Releases Climate Action Plan

New York State Comptroller Thomas P. DiNapoli today released a Climate Action Plan to protect and invest the assets of the $210 billion New York State Common Retirement Fund (Fund). The plan lays out a path for the Fund to further address climate risk in its portfolio. Subject to fiduciary analysis, the Fund may divest from companies that fail to meet minimum standards.

Many New Yorkers Struggle to Pay for Housing

Too many New Yorkers are burdened by high housing costs, according to a report released today by State Comptroller Thomas P. DiNapoli. Nearly 1.4 million households paid half or more of their income in 2017 towards housing costs.

State Medicaid Bought Erectile Dysfunction Drugs for Sex Offenders

The state’s Medicaid program paid more than $60,000 for sexual and erectile dysfunction (ED) drugs and treatments for 47 sex offenders, according to an audit released today by State Comptroller Thomas P. DiNapoli.

In total, Medicaid made more than $930,000 in payments for ED drugs and treatments for recipients, including sex offenders, that are barred under Medicaid.

State Contract and Payment Actions in April

In April, the Office of the State Comptroller approved 1,361 contracts for state agencies and public authorities valued at $4 billion and approved nearly 5.2 million payments worth more than $11 billion. The office rejected 116 contracts and related transactions valued at $950 million and nearly 5,400 payments valued at nearly $75 million. More information on these contracts and payments is available at www.openbooknewyork.com.

National Investors Call for Workplace Disability Inclusion

Investors representing more than $1 trillion in combined assets, led by New York State Comptroller Thomas P. DiNapoli and Oregon State Treasurer Tobias Read, today called on companies they invest in to create inclusive workplaces that can benefit from employing the millions of talented people with disabilities who remain underrepresented in the workforce.

DiNapoli: State Pension Fund Value $210.2 Billion

New York State Comptroller Thomas P. DiNapoli today announced the New York State Common Retirement Fund (Fund) earned an estimated 5.23 percent return on investments in the state fiscal year (SFY) that ended on March 31, 2019. The Fund closed the year with an estimated value of $210.2 billion, which is subject to change once returns are fully audited. The Fund’s audited value at the end of state fiscal year 2018 was $207.4 billion.

NY State Pension Fund and Church Commissioners for England Call for Exxon to Separate Board Chair and CEO Positions

New York State Comptroller Thomas P. DiNapoli on behalf of the New York State Common Retirement Fund (the Fund) and Edward Mason, Head of Responsible Investment at Church Commissioners for England, today announced their support for a shareholder proposal that calls on ExxonMobil to require the board chair be an independent member of the board. The two institutional investors also announced they would vote against all Exxon board directors at the company’s annual meeting this month.