New York state's personal income tax (PIT) check-off funds are not distributed promptly to charitable causes, even after legislation aimed at speeding up the process was enacted in 2015, according to a report released today by State Comptroller Thomas P. DiNapoli. His office found more than $15.7 million remained in the funds as of the end of state fiscal year 2016-17.
New York State Comptroller Thomas P. DiNapoli, trustee of the New York Common Retirement Fund (the Fund), released the following statement today in regarding Facebook CEO Mark Zuckerberg’s Senate testimony. The Fund holds shares in Facebook valued at more than $1 billion.
New York State Comptroller Thomas P. DiNapoli, trustee of the New York State Common Retirement Fund (Fund), today announced he has written to 10 of the largest greenhouse gas emitting companies held by the Fund, urging them to reduce emissions and address risks arising from climate change.
New York State Comptroller Thomas P. DiNapoli today announced that three major U.S. energy companies have agreed to detail how they will be impacted by the global effort to achieve the Paris Agreement's goals and how they can adapt to a lower carbon future. As a result, the New York State Common Retirement Fund (Fund) has withdrawn the shareholder requests it had filed with DTE Energy, Dominion Energy and Southwestern Energy.
"The Governor and Legislature reached an on-time budget agreement amid an uncertain revenue picture and risks to federal aid.
"Still, there are areas of concern. As in past years, the budget negotiation process was mostly done behind closed doors, leaving the public in the dark about how taxpayer money will be spent. My office will provide a more detailed analysis of the enacted budget in the coming weeks."
In February, the Office of the State Comptroller approved 1,292 contracts for state agencies and public authorities valued at $1.32 billion and approved nearly 4.6 million payments worth more than $11.5 billion. The office rejected 177 contracts and related transactions valued at $420 million and more than 2,000 payments valued at more than $5.5 million. More information on these contracts and payments is available at www.openbooknewyork.com.
New York State Comptroller Thomas P. DiNapoli today announced that the New York State Common Retirement Fund (the Fund) plans to vote against all board directors standing for re-election at companies that have no women on their boards. In situations where a company has just one woman on its board, the Fund will vote against members of the board's governance committee standing for re-election. DiNapoli also announced agreements with four Fortune 500 companies to formally include gender and racial diversity in their considerations of board candidates.
New York State Comptroller Thomas P. DiNapoli announced today the following audits and examinations have been issued
Following requests from its shareholders, home improvement superstore Lowe's announced Monday that it was making significant progress towards reducing its carbon footprint and increasing the energy efficiency of its stores nationwide.
State Comptroller Thomas P. DiNapoli today awarded three series of New York State General Obligation Bonds totaling $214,035,000 through a competitive sale. Specifically, the sales were $166,155,000 of Series 2018A Tax-Exempt Bonds, $36,685,000 of Series 2018B Taxable Bonds and $11,235,000 of Series 2018C Tax-Exempt Refunding Bonds.
