New York State Comptroller Thomas P. DiNapoli and Department of Financial Services Superintendent Adrienne A. Harris today announced the approval of Community District 9 as a Banking Development District (BDD) and presented $35 million in New York state deposits to Ponce Bank’s Westchester Avenue Branch.
A 69-year-old Manhattan man, Randy Ray, was arrested today for allegedly stealing more than $50,000 in pension benefits meant for his deceased sister-in-law, New York State Comptroller Thomas P. DiNapoli announced.
New York State Comptroller Thomas P. DiNapoli announced today the following audits have been issued.
Higher education institutions provide tremendous value to New York’s local economies and the State’s overall economic health through employment, wages, student spending, and more. The sector employed over 296,000 people in 2023, paying wages of around $26.5 billion, but still has over 13,000 fewer jobs than in 2019. Maintaining a vibrant higher education system is critical to New York’s future.
A new report by State Comptroller Thomas P. DiNapoli highlights the higher education sector’s importance to New York’s local economies and to the state’s overall economic health. The state’s 290 degree-granting, postsecondary institutions employed over 296,000 people, paying wages of around $26.5 billion in 2023, but the sector still has over 13,000 fewer jobs since the pandemic.
New York State Comptroller Thomas P. DiNapoli and Suffolk County District Attorney Raymond A. Tierney today announced that Moses K. Johnson, 63, of Huntington and a former employee of the Town of Huntington, pleaded guilty to Grand Larceny in the Fourth Degree for stealing more than $56,000 of his mother’s public pension payments following her death in April of 2021.
State Comptroller Thomas P. DiNapoli today announced employer contributions rates for the New York State and Local Retirement System (NYSLRS) for State Fiscal Year (SFY) 2025-26. Employers’ average contribution rates will increase from 15.2% to 16.5% of payroll for the Employees’ Retirement System (ERS) and from 31.2% to 33.7% of payroll for the Police and Fire Retirement System (PFRS).
The New York State Legislature amended the State Finance Law in 2015 by adding a new Section 8-c providing for the establishment of a statewide electronic system to help detect and prevent fraud, waste and abuse in government spending and to help avoid improper payment of public funds.
The New York State Common Retirement Fund (Fund) reached climate-related agreements with five portfolio companies during the 2024 proxy season and added $2 billion to the MSCI World ex-USA Climate Change Index strategy, State Comptroller Thomas P. DiNapoli announced today, along with releasing the fourth annual Climate Action Plan Progress Report.
New York State has seen a surge in hate crimes over the last five years with 1,089 reported instances in 2023, marking the highest number since data collection and annual reporting were mandated by New York’s Hates Crimes Act of 2000. As the number of hate crimes has grown, these crimes are increasingly targeting people rather than property, with most attacks against Jewish, Black and Gay Male New Yorkers.
