New York's state-funded debt is projected to reach $63.7 billion at the end of the current fiscal year and to increase over the following four years to $71.8 billion, according to a report issued today by New York State Comptroller Thomas P. DiNapoli. The comptroller once again called for reforms to New York's use of debt, including voter approval of borrowing and better capital planning for infrastructure projects.
New York State Comptroller Thomas P. DiNapoli today announced that ExxonMobil has agreed to implement the shareholder request that the company analyze how worldwide efforts to adopt the Paris Agreement goals for reducing global warming might impact its business. The request, co-filed by the New York State Common Retirement Fund (the Fund) and the Church of England, received landslide support from more than 62 percent of Exxon voting shareholders at the company's annual meeting in May.
New York State Comptroller Thomas P. DiNapoli and Dutchess County Executive Marcus Molinaro urged local residents to sign up for a new savings plan, called the New York Achieving a Better Life Experience (NY ABLE) program, designed to help individuals with disabilities maintain their health, independence and quality of life. DiNapoli and Molinaro today met with area residents, not-for-profit organizations and county government employees to discuss the program.
New York State Comptroller Thomas P. DiNapoli announced today the following audits and examinations have been issued:
In October, the Office of the State Comptroller approved 1,722 contracts for state agencies and public authorities valued at $1.39 billion and approved nearly 1.9 million payments worth more than $8.8 billion. The office rejected 195 contracts and related transactions valued at $520 million and nearly 600 payments valued at nearly $161.5 million. More information on these contracts and payments is available at www.openbooknewyork.com.
New York State Comptroller Thomas P. DiNapoli announced today the following audits and examinations have been issued:
New York State Comptroller Thomas P. DiNapoli is urging New Yorkers to read the fine print on gift cards this holiday season for details about fees and expiration dates. While some gift card sellers have done away with inactivity fees, consumers should still ask whether fees apply when purchasing a gift card. DiNapoli said New Yorkers should use their gift cards within a year of purchase to avoid inactivity fees and register cards with the retailers that offer it so the owner can be identified.
The New York State Common Retirement Fund's (Fund) overall return in the second quarter of the state fiscal year 2017-2018 was 3.67 percent for the three-month period ending Sept. 30, 2017, with an estimated value of $201.3 billion, according to New York State Comptroller Thomas P. DiNapoli.
New York State Comptroller Thomas P. DiNapoli today proposed changes to the process for local communities that contract out their fire protection services to incorporated volunteer fire companies. DiNapoli's legislation would require any incorporated fire company to submit an itemized statement of the estimated costs of providing fire services prior to contract negotiations with any town, village or fire district.
New York State Comptroller Thomas P. DiNapoli today announced corporate retailers Macy's and Ross Stores have agreed to shareholder proposals filed by the New York State Common Retirement Fund (Fund) that asked the companies to report on how they monitor their overseas apparel suppliers and subcontractors in an effort to protect human and workplace standards.
