New York State Comptroller Thomas P. DiNapoli today announced that the estimated value of the New York State Common Retirement Fund (Fund) was $242.3 billion at the end of the third quarter of state fiscal year 2022-23. For the three-month period ending Dec. 31, 2022, Fund investments returned an estimated 4.51%.
Approximately one in ten, or about 800,000, New York households experienced food insecurity at some point between 2019-21, according to a report from State Comptroller Thomas P. DiNapoli. The report found that the number of households facing food insecurity declined during the COVID-19 pandemic due to federal relief programs and the expansion of federal food assistance programs. DiNapoli raised the concern that food insecurity may grow as federal benefits lapse.
Approximately one in ten, or about 800,000, New York households experienced food insecurity from 2019 to 2021, and an increasing number say they face food insufficiency since summer 2021. This report is the second in the “New Yorkers in Need” series. It details recent trends in food insecurity, explains policy interventions by the federal and State governments, and demonstrates a clear need for a continuing commitment to reduce the incidence of food insecurity.
State Comptroller Thomas P. DiNapoli and Ulster County District Attorney David J. Clegg today announced the indictment of former Ulster County BOCES criminal justice instructor Anthony Sciacca, a retired Westchester County Police Officer. Sciacca allegedly stole over $163,000 from the New York State and Local Retirement System (NYSLRS) by taking unlawful pension payments and forging a required certificate purportedly issued by the State Education Department (SED).
The Office of the State Comptroller received 18,605 contract transactions, including both new contracts and contract amendments, valued at $173 billion in the calendar year 2021. The average time from agency contract submission to final sign-off was 5.3 days.
The Times Union published an op-ed from New York State Comptroller Thomas P. DiNapoli today.
Commentary: A path to comprehensive state debt reform
Last month, the U.S. reached its debt limit, forcing the Treasury Department to take extraordinary measures as Congress debates potential action. These high-stakes decision points have become increasingly common in the last decade, making federal spending and debt front-page news.
In contrast, state and local finances, and particularly debt, rarely receive that level of public attention.
New York State Comptroller Thomas P. DiNapoli today announced a series of shareholder proposals filed at several major companies on workers’ freedom of association and collective bargaining rights. The proposals were filed with Walmart Inc., CVS Pharmacy Inc., Netflix Inc., DoorDash Inc. and Gannett Co.
The New York State Thruway Authority (Thruway) has proposed a multi-year schedule of systemwide toll increases to begin in 2024, but a new report from State Comptroller Thomas P. DiNapoli identifies concerns with the proposal and urges the Thruway to first improve its operations and maximize non-toll revenues. DiNapoli’s office reviewed a decade of the Thruway’s finances and the toll hike proposal and found gaps in essential information necessary to evaluate the proposal.
Last year the New York State Thruway Authority proposed a multi-year schedule of toll increases to begin in 2024. This report provides a summary of the Thruway Authority’s current and forecasted revenue and expenses, factors that have impacted its finances over the past several years, the toll increase proposal, and considerations to help guide the assessment of the proposal.
In December, the Office of the State Comptroller approved 1,605 contracts for state agencies and public authorities valued at $3.7 billion and approved more than 1.7 million payments worth nearly $17 billion. The office rejected 134 contracts and related transactions valued at $244 million and nearly 1,900 payments valued at nearly $39.6 million, primarily for mistakes, insufficient support for charges, and improper payments. More information on these contracts and payments is available at Open Book New York.
