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DiNapoli: Dangerous Dodd-Frank Roll Back Plan Threatens Consumers, Markets and Investors

New York State Comptroller Thomas P. DiNapoli today wrote to members of the House Financial Services Committee, including Chairman Rep. Jeb Hensarling and members of the New York Congressional delegation, to express his strong opposition to the Financial CHOICE Act, which was the subject of a committee hearing.

DiNapoli Releases Year-End State Cash Report

State tax collections totaled $74.4 billion in State Fiscal Year (SFY) 2016-17, a decline of $300.1 million or 0.4 percent from last fiscal year, according to the state cash report issued today by State Comptroller Thomas P. DiNapoli. Tax collections for the year ended $600 million lower than the latest projections released with the Executive Budget in February, primarily due to lower than anticipated business tax collections in March.

Exxon's Investors Call for Meaningful Climate Risk Plan

Investors led by New York State Comptroller Thomas P. DiNapoli, as trustee of the New York State Common Retirement Fund (Fund), and the Church of England, are calling on ExxonMobil to explain how its business will be impacted by global efforts to mitigate climate change.

DiNapoli's Auditors Halt $21.3 Million in Suspicious 2016 Tax Refunds

State Comptroller Thomas P. DiNapoli announced today his office stopped $21.3 million in questionable or fraudulent personal income tax refunds from being paid so far in 2017.

DiNapoli's office paid out 4.6 million state refunds totaling $4.4 billion to date. Another 471,000 refunds totaling $466 million are expected to be paid in the coming days.

"My auditors are committed to safeguarding the funds of honest New Yorkers," DiNapoli said. "We'll stay one step ahead of the schemes used by tax cheats, and look to ensure only legitimate refunds are paid."

State Comptroller DiNapoli Statement on Enacted State Budget

It is welcome news that the Governor and the Legislature have completed work on the 2017-18 state budget. The agreement provides new funding for education, affordable housing and clean water projects, as well as important criminal justice reforms and other programs to help New Yorkers. Still, the budget was late and provided no opportunity for public review of the details.

DiNapoli: Increase in Older Inmates Challenges New York's Prison System

New York's prison population is decreasing, but the number of inmates age 50 and over rose 46 percent from 2007 to 2016, according to a report issued today by New York State Comptroller Thomas P. DiNapoli.

While data detailing inmate health care costs by age groups is not readily available in New York, DiNapoli's report found that overall, such costs rose to over $380 million in 2015-16 State Fiscal Year, an increase of $64.5 million, or 20.4 percent, in the last three years.