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New York State Comptroller Thomas P. DiNapoli Statement on Executive Budget Proposal

“Governor Hochul introduced her executive budget while many New Yorkers continue to struggle to make ends meet and concerns of a recession grow. Inflation is still too high, and New York still has not regained all the jobs lost during the pandemic. Federal relief aid has provided critical support to the state budget, but will be depleted by the end of the financial plan. New York needs to fund essential programs and services that support quality of life in our state, while also ensuring the long-term sustainability of the state’s finances.

A Roadmap for State Debt Reform

New York has one of the nation’s highest debt levels, largely because measures to restrict the excessive use of debt have been circumvented over the years in State budgets. This report identifies policy and fiscal weaknesses that have allowed State debt to grow to troubling levels and offers a roadmap for State debt reform to improve debt affordability and protect New York’s fiscal health.

DiNapoli Calls for Long-Needed State Debt Reform

New York state has one of the nation’s highest debt levels, largely because measures to restrict the excessive use of debt have been circumvented over the years in state budgets. Since the Debt Reform Act was passed in 2000, state-supported debt outstanding increased by $25 billion. Over the next five years, this debt is projected by the Division of the Budget to increase by $26 billion, or 42%, from $61.9 billion in State Fiscal Year (SFY) 2021-22 to $88 billion in SFY 2026-27.

DiNapoli: Office of Children and Family Services Can Improve Efforts to Investigate Child Fatalities

An audit released today by New York State Comptroller Thomas P. DiNapoli found the state’s Office of Children and Family Services (OCFS), which oversees the locally administered child welfare system that investigates reports of alleged child abuse or child fatalities, can take additional steps to protect children from harm.

DiNapoli, McGill Announce Arrest of Man Who Allegedly Stole Deceased Mother's Retirement Payments

New York State Comptroller Thomas P. DiNapoli and Special Agent-in-Charge Michael McGill of the Social Security Administration (SSA) Office of the Inspector General, Philadelphia Field Division, today announced the arrest of Charles Alton Bump Jr. for allegedly stealing $53,320 in payments from the New York State Common Retirement Fund and SSA that were sent to his deceased mother, Elizabeth Dorothy Case. Bump concealed his mother’s death and continued collecting her retirement and SSA payments. He allegedly stole $28,679 from the state pension fund and $24,641 from the SSA.

State Comptroller Thomas P. DiNapoli Statement on 2023 State of the State Address

“As we embark on a new year and legislative session, the State of the State message delivered by Gov. Kathy Hochul set forth her agenda. State government is here to work for the people of this state and make life better and more equitable for all New Yorkers. Her top priorities, including addressing the affordable housing crisis, fighting back on crime, and investing in high quality health care, education, and infrastructure, are the same priorities shared by all New Yorkers.

2021 Corporate Governance Stewardship Report, January 2023

The Corporate Governance Program supports and facilitates the integration of environmental, social and governance (ESG) factors in the Common Retirement Fund’s due diligence process, investment decisions, and performance monitoring program, and provides active stewardship of the Fund’s public equity holdings.