The New York State Common Retirement Fund's (Fund) overall estimated value in the first quarter of the State Fiscal Year 2018-2019 was $209.2 billion, based on a 1.53 percent investment return over the three-month period ending June 30, 2018, according to New York State Comptroller Thomas P. DiNapoli.
New York State Comptroller Thomas P. DiNapoli announced today the following audits and examinations have been issued.
In June, the Office of the State Comptroller approved 1,520 contracts for state agencies and public authorities valued at $7.9 billion and approved more than 1.7 million payments worth nearly $9.9 billion. The office rejected 141 contracts and related transactions valued at $330 million and nearly 1,600 payments valued at nearly $5.6 million. More information on these contracts and payments is available at www.openbooknewyork.com.
New York State Comptroller Thomas P. DiNapoli today announced his appointment of Anastasia Titarchuk as Interim Chief Investment Officer of the New York State Common Retirement Fund. The Fund’s current CIO Vicki Fuller is retiring the week of July 30 after six years of service.
New York State Comptroller Thomas P. DiNapoli announced today the following audits and examinations have been issued.
New York State Comptroller Thomas P. DiNapoli and Westchester County District Attorney Anthony A. Scarpino, Jr. announced the arrest of Rochelle Rose for grand larceny in the second degree after she allegedly pocketed her deceased mother's pension totaling $60,285 to pay cellphone bills, a car loan, insurance and utility bills.
The amount of unpaid tolls has risen since the expansion of cashless tolling by the Triborough Bridge and Tunnel Authority (TBTA) and it is likely to increase. Even when uncollected tolls can be billed, law firms hired to collect outstanding tolls and fees have not been effective, an audit released today by State Comptroller Thomas P. DiNapoli found.
The state's fiscal year (SFY) 2018-19 Enacted Budget Financial Plan projects that spending will outpace revenues over the next three years with potential cumulative gaps totaling $17.9 billion, according to a report released today by State Comptroller Thomas P. DiNapoli.
In May, the Office of the State Comptroller approved 1,717 contracts for state agencies and public authorities valued at $12.6 billion and approved nearly 2.2 million payments worth more than $12.3 billion. The office rejected 163 contracts and related transactions valued at $230 million and more than 3,000 payments valued at nearly $4.8 million. More information on these contracts and payments is available at www.openbooknewyork.com.
The state Department of Health (DOH) billed drug companies for $425.9 million in Medicaid drug rebates after auditors alerted the department to rebates it missed out on, according to a report released today by State Comptroller Thomas P. DiNapoli.
