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State Contract and Payment Actions in March

In March, the Office of the State Comptroller approved 1,458 contracts for state agencies and public authorities valued at $19.5 billion and approved more than 3.8 million payments worth nearly $23.5 billion. The office rejected 215 contracts and related transactions valued at $520.4 million and more than 5,800 payments valued at nearly $8.6 million. More information on these contracts and payments is available at www.openbooknewyork.com.

DiNapoli Releases Analysis of Enacted State Budget

The $168.3 billion State Fiscal Year (SFY) 2018-19 Enacted Budget increases funding for education, health care and other programs, but allows more borrowing and limits transparency of state spending, according to a report released today by State Comptroller Thomas P. DiNapoli.

NY State Comptroller DiNapoli: Wells Fargo Needs to Pull Back the Curtain on Its Incentive Pay Program

New York State Comptroller Thomas P. DiNapoli, trustee of the New York State Common Retirement Fund (the Fund), today announced that he has written to fellow Wells Fargo shareholders urging them to support his call for the bank to provide a report detailing the company's efforts to determine whether its incentive pay practices have exposed it to financial loss. DiNapoli's shareholder proposal will be put to a vote of fellow investors at the bank's annual meeting on April 24.

State Tax Collections Rose $4.9 Billion in Fiscal Year 2017-18

Tax receipts for State Fiscal Year 2017-18 reached $79.3 billion, $4.9 billion, or 6.6 percent above the previous year, according to the state cash report released today by State Comptroller Thomas P. DiNapoli. The state ended its fiscal year on March 31 with a General Fund balance of $9.4 billion, an increase of $1.7 billion over the prior fiscal year.

DiNapoli Audit: State Oversight of Animal Shelters Found to Be Adequate, But Better Safeguards Needed Before Dogs Are Euthanized

The state Department of Agriculture and Markets is generally doing well to ensure animal shelters across New York are providing safe conditions and proper care for seized dogs, but officials could do more to make certain dogs are not inappropriately euthanized, according to an audit released today by State Comptroller Thomas P. DiNapoli.

DiNapoli's Auditors Halt $24.2 Million in Suspicious Tax Refunds

New York State Comptroller Thomas P. DiNapoli announced today his office stopped $24.2 million in questionable or fraudulent personal income tax refunds payments so far in 2018.

"Tax cheats are continuously looking for new ways to beat the system, but my auditors are staying one step ahead of them," DiNapoli said. "My office continues to stop fraudulent refunds from reaching the hands of dishonest individuals and identifying taxpayers who claim deductions that are not rightfully theirs."

DiNapoli: State Pension Fund Adds Another $20 Million to Investing in New York Program

The New York State Common Retirement Fund (Fund) has committed $20 million to the Tribeca Venture Partners Growth Fund to invest in local companies, New York State Comptroller Thomas P. DiNapoli announced today. The transaction raises the total commitments of DiNapoli's In-State Private Equity Program (the In-State Program) to $1.6 billion.