State Comptroller DiNapoli Releases Audits
New York State Comptroller Thomas P. DiNapoli announced today the following audits and examinations have been issued
New York State
State Health Department Unnecessarily Paid over $1 Billion for Patients Covered by Private Insurance
The state Department of Health (DOH) paid $1.28 billion in unnecessary Medicaid managed care premiums over a nearly six-year period for enrollees who already had private insurance, according to an audit released today by State Comptroller Thomas P. DiNapoli.
"Glitches in the state Department of Health's payment system and other problems led to over a billion dollars in unnecessary spending," DiNapoli said. "The department needs to improve its procedures and stop this waste of taxpayer money."
DiNapoli Launches Audits on School Safety
State Comptroller Thomas P. DiNapoli today announced he has begun audits of the State Education Department (SED) and the New York City Department of Education (DoE) to determine if they are doing enough to ensure schools have adequate and up-to-date safety plans in the event of a school shooting or major emergency.
State Contract and Payment Actions in April
In April, the Office of the State Comptroller approved 1,260 contracts for state agencies and public authorities valued at $3.8 billion and approved more than 4.3 million payments worth nearly $12.6 billion. The office rejected 117 contracts and related transactions valued at $190 million and more than 3,200 payments valued at nearly $5.7 million. More information on these contracts and payments is available at www.openbooknewyork.com.
NY State Comptroller DiNapoli: Social Media Firms Must Demonstrate They Can Protect Users
New York State Comptroller Thomas P. DiNapoli, trustee of the New York State Common Retirement Fund (Fund), today called on Facebook, Twitter and Alphabet to publicly report what they are doing to enforce the terms of service by which all of their platform users must abide.
DiNapoli: New York State Fourth Nationwide in Credit Card Debt
New York state ranked fourth nationwide in credit card debt at $58.2 billion in 2017, according to a report released today by State Comptroller Thomas P. DiNapoli.
Although credit card debt declined significantly in the state from 2008 through 2013, the trend reversed in 2014 as per capita balances rose by more than 14 percent through 2017 to $3,710, nearly 20 percent above the national average.
DiNapoli: State Pension Fund Value $206.9 Billion
New York State Comptroller Thomas P. DiNapoli today announced that the New York State Common Retirement Fund (Fund) earned an estimated 11.35 percent return on investments in the state fiscal year that ended on March 31, 2018. The Fund ended the year with an estimated value of $206.9 billion, which is subject to change once returns are fully audited. The Fund’s value at the end of state fiscal year 2017 was $192.4 billion.
NY State Comptroller DiNapoli Calls on Wynn Resorts to Disclose All Political Spending
New York State Comptroller Thomas P. DiNapoli, trustee of the New York State Common Retirement Fund (Fund), is asking fellow investors in Wynn Resorts to vote their shares for the Fund's request that the company disclose its direct and indirect political spending. DiNapoli's shareholder request (Proposal 4 on the company's proxy statement) will be voted on at Wynn's annual meeting tomorrow.
DiNapoli Announces Vicki Fuller's Retirement as CIO of NYS Common Retirement Fund
New York State Comptroller Thomas P. DiNapoli today announced that Vicki Fuller, chief investment officer of the New York State Common Retirement Fund (Fund), will retire this summer after a six-year tenure.
NY State Comptroller DiNapoli Asks Express Scripts' Shareholders to Back Cyber Security Risk Proposal
New York State Comptroller Thomas P. DiNapoli, trustee of the New York State Common Retirement Fund (Fund), today announced that he has written to fellow Express Scripts shareholders urging them to support his call for the pharmacy benefit management company to publicly detail its cyber risk and actions taken to ensure cyber security.