Longstanding concern over New York’s high debt levels, debt service costs, and imprudent use of borrowing led the Legislature to impose limits on State debt and enact related reforms in 2000.

Across New York State, we hear calls for investment in essential public infrastructure.

On any given day, millions of New Yorkers ride the subway or drive on public roads; public school buildings and facilities on college campuses open their doors to students across the State; essential services are provided at water plants, other environmental facilities and in homes for developmentally disabled individuals and psychiatric centers; individuals reside in publicly-supported housing; and citizens enjoy the outdoors at public parks.

Chapter 566 of the Laws of 2015, the “Enterprise Fraud, Waste and Abuse Prevention and Detection Act” (Act), codified as State Finance Law § 8-c, was enacted in December 2015 and took effect on April 19, 2016. The Act sets forth provisions for a Statewide electronic system to help detect and prevent waste, fraud, and abuse and the improper payment of public moneys.

Data analytics involves collecting, organizing and analyzing large sets of data. It can be used for many purposes. At the Office of the State Comptroller (OSC), it holds potential for building on the agency’s record of detecting and preventing fraud, waste and abuse in State government contracting and spending.

The Enterprise Fraud, Waste and Abuse Prevention and Detection Act (Act) of 2015 (State Finance Law Section 8-c) called for the establishment of a statewide electronic system in New York to help detect and prevent fraud, waste, and abuse in government spending and avoid improper payment of public moneys.

The New York State Finance Law was amended in 2015 by adding a new section 8-c, which provides for the establishment of a statewide electronic system to help detect and prevent fraud, waste, and abuse in government spending and avoid improper payment of public moneys.

This report articulates the evolution of the New York State Common Retirement Fund’s (Fund) approach to sustainable investment practices.

As Trustee of the New York State Common Retirement Fund, New York State Comptroller Thomas P. DiNapoli is committed to ensuring accountability and the highest standards of ethics, with absolutely no tolerance for self-dealing.

The New York State Common Retirement Fund holds and invests the assets of the New York State and Local Retirement System on behalf of more than one million State and local government employees and retirees and their beneficiaries.