New York City’s finances continue to benefit from better-than-projected revenues and savings generated through initiatives launched in response to its financial challenges, but the continued influx of asylum seekers, elevated demand for City programs and a declining surplus demand preparation to navigate future uncertainty.
In June, the Office of the State Comptroller approved 1,909 contracts for state agencies and public authorities valued at $7.3 billion and approved more than 1.8 million payments worth more than $14.1 billion. The office rejected 262 contracts and related transactions valued at $5.5 billion and nearly 3,100 payments valued at more than $7.2 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.
During the 2024 proxy season, three portfolio companies agreed to publicly disclose their political spending while proposals at three other companies won significant support from shareholders, State Comptroller Thomas P. DiNapoli, trustee of the New York State Common Retirement Fund (Fund), announced today. DiNapoli also announced that he called on 16 companies, including Tesla Inc., Domino’s Pizza Inc., and Garmin Ltd., requesting similar comprehensive disclosure of political spending.
Former Deputy Erie County Clerk Alexander McDougall today pleaded guilty to felony counts of grand larceny and offering a false instrument for filing for stealing over $320,000 in county funds, State Comptroller Thomas P. DiNapoli, Acting Erie County District Attorney Michael J. Keane, and Erie County Sheriff John C. Garcia announced.
The Climate Action Plan Progress Report for the New York State Common Retirement Fund highlights the Fund’s recent efforts to address climate risks and opportunities.
The Metropolitan Transportation Authority’s New York City Transit (Transit) needs to do a better job of maintaining its security and safety equipment, including Closed-Circuit Televisions (CCTVs) in the subway system, to avoid future unexpected failures, an audit from State Comptroller Thomas P. DiNapoli found.
New York state has seen a surge in hate crimes over the last five years with 1,089 reported instances in 2023, marking the highest number since data collection and annual reporting were mandated by New York’s Hates Crimes Act of 2000, according to a report by State Comptroller Thomas P. DiNapoli. The number is 69% more than in 2019.
New York State Comptroller Thomas P. DiNapoli today announced the following local government and school audits were issued.
Former West Carthage Housing Authority Executive Director Jan Hoffman was sentenced yesterday for a scheme that allowed her to steal over $48,000 in WCHA funds, New York State Comptroller Thomas P. DiNapoli, Jefferson County District Attorney Kristyna S. Mills, the U.S. Department of Housing and Urban Development, Office of the Inspector General (HUD OIG) and the New York State Police announced. Hoffman was sentenced to serve five years’ probation.
New York State has seen a concerning surge in reported hate crimes over the last five years, with the number of incidents increasing by 12.7 percent in 2023 alone. As the number of hate crimes has grown, these crimes are increasingly targeting people rather than property, with most attacks against Jewish, Black and Gay Male New Yorkers. Recent efforts recognize the severity of this issue, but more must be done to prevent the prejudice and biases that motivate these crimes from taking root.
