Admin

DiNapoli: Statewide Local Sales Tax Collections Down 7.1 Percent in November

Local government sales tax collections declined by 7.1 percent in November compared to the same month last year, according to State Comptroller Thomas P. DiNapoli. November’s sales tax collections totaled $1.3 billion for local governments statewide, $102 million less than in November 2019.

New York State Pension Fund Sets 2040 Net Zero Carbon Emissions Target

New York State Comptroller Thomas P. DiNapoli announced today that the New York State Common Retirement Fund (Fund), valued at an estimated $226 billion, has adopted a goal to transition its portfolio to net zero greenhouse gas emissions by 2040. This process will include completion within four years of a review of investments in energy sector companies, using minimum standards to assess transition readiness and climate-related investment risk, with, where consistent with fiduciary duty, divestment of companies that fail to meet minimum standards.