In February, the Office of the State Comptroller (OSC) approved 1,407 contracts for state agencies and public authorities valued at $109 billion and approved more than 20.3 million payments worth nearly $14 billion. OSC rejected 110 contracts and related transactions valued at $100 million and more than 8,000 payments valued at nearly $18.2 million, primarily for mistakes, insufficient support for charges, and improper payments. More information on these contracts and payments is available at www.openbooknewyork.com.

The New York State Common Retirement Fund (Fund) will restrict investments in oil sands companies that have not demonstrated that they are prepared for the transition to a low-carbon economy, New York State Comptroller Thomas P. DiNapoli, trustee of the third largest public pension plan in the country, announced today.

New York State Comptroller Thomas P. DiNapoli testified today before the U.S. House Committee on Financial Services Subcommittee on Diversity and Inclusion. The hearing, titled “By the Numbers: How Diversity Data Can Measure Commitment to Diversity, Equity and Inclusion,” focused on how investors utilize such data.

The New York State Common Retirement Fund (Fund) has reached an agreement with the Molson Coors Beverage Co., one of the world’s largest brewers, to comprehensively disclose its political spending, New York State Comptroller Thomas P. DiNapoli, trustee of the Fund, announced today. In response to the agreement, the Fund withdrew its shareholder resolution with the Chicago-based company.

State Comptroller Thomas P. DiNapoli announced the sale of two series of New York State General Obligation Bonds totaling $634 million through competitive sale. Specifically, the sales were $102,370,000 of Series 2021A Tax-Exempt Bonds and $531,385,000 of Series 2021B Taxable Bonds.

Although year-to-date collections continue to lag prior year results, tax collections through February were $758.4 million higher than forecast in the most recent Division of the Budget (DOB) update to the State Financial Plan, according to the monthly State Cash Report released today by New York State Comptroller Thomas P. DiNapoli. State tax revenues for fiscal year 2021 totaled $75 billion through the end of February.

State Comptroller Thomas P. DiNapoli today announced the details of the competitive sale scheduled for March 16 of tax-exempt and taxable New York State General Obligation bonds, totaling $635.9 million. The state expects to sell $181.1 million for new money transportation, education and environmental purposes, and depending on market conditions, $454.8 million to refund a portion of certain outstanding General Obligation bonds to reduce the state’s debt service costs.

“This is a game changer for New York. As the pandemic drags on for New Yorkers who have fallen ill, for workers who have lost their jobs, for families struggling with childcare and for small businesses desperate to stay open, we’ve received critical aid from the federal government when we need it most.