amNewYork on Saturday published an op-ed from New York State Comptroller Thomas P. DiNapoli.
The full op-ed is below:
Young people in New York have a great knowledge of many subjects, but they have much to learn about personal finance.
In September, the Office of the State Comptroller approved 1,803 contracts for state agencies and public authorities valued at $3.4 billion and approved more than 2.1 million payments worth nearly $15 billion. The office rejected 150 contracts and related transactions valued at $311 million and nearly 3,100 payments valued at more than $13 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.
DiNapoli Analysis Finds Sharp Decline in NY’s Homeless Veterans
New York City Health + Hospitals (H+H) is the largest municipal public health system in the country and the City’s largest provider of care to Medicaid patients, mental health patients, and uninsured patients. This brief highlights the latest issues confronting H+H, including operations after the public health emergency, the asylum seeker and migrant response, funding and nurse staffing.
The New York City Housing Authority (NYCHA), the nation’s largest public housing authority, is also the City’s largest landlord (maintaining 7.1 percent of all rental apartments) and its greatest source of affordable housing, with 177,569 apartments in its portfolio. This brief highlights the latest issues confronting NYCHA, including declining rent collections, capital needs, maintenance issues, and more.
The Department of Education (DOE) is the largest public school system in the nation. This brief highlights the latest issues confronting DOE, including unbudgeted spending on enrolled children of migrants and asylum seekers, the declining enrollment of K-12 students since the pandemic, the State's mandate on lowering class sizes, and more.
New York City is financially accountable for numerous entities that are legally separate but can impact its budget. Today, State Comptroller Thomas P.
New York has led the nation in reducing the number of homeless veterans – largely driven by success in New York City. Between 2010 and 2022, the number of homeless veterans in the State fell by 83 percent. Robust federal funding has supported the programs to achieve the reductions.
New York state made substantial progress in reducing homelessness for veterans between 2010 and 2022 with the number of homeless veterans declining 83% (from 5,857 to 990), the largest percentage decline in the nation, according to an analysis by State Comptroller Thomas P. DiNapoli. The share of homeless adults that are veterans was reduced from 9% in 2010 to just 1% in 2022.
The New York State Common Retirement Fund has committed $50 million to a private equity fund managed by Hamilton Lane aimed at supporting small businesses across New York, State Comptroller Thomas P. DiNapoli, trustee of the Fund, announced today.
