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NEWS from the Office of the New York State Comptroller
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DiNapoli: State Pension Fund Valued at $242.3 Billion at End of Third Quarter

New York State Comptroller Thomas P. DiNapoli today announced that the estimated value of the New York State Common Retirement Fund (Fund) was $242.3 billion at the end of the third quarter of state fiscal year 2022-23. For the three-month period ending Dec. 31, 2022, Fund investments returned an estimated 4.51%.

DiNapoli: One in Ten New York Households Suffer From Food Insecurity

Approximately one in ten, or about 800,000, New York households experienced food insecurity at some point between 2019-21, according to a report from State Comptroller Thomas P. DiNapoli. The report found that the number of households facing food insecurity declined during the COVID-19 pandemic due to federal relief programs and the expansion of federal food assistance programs. DiNapoli raised the concern that food insecurity may grow as federal benefits lapse.

DiNapoli: Audit Recommends Stronger Oversight of NYC’s Artificial Intelligence Programs

New York City lacks needed guidelines and policies for agencies’ use of artificial intelligence (AI), leaving it vulnerable to misguided, inaccurate or biased outcomes in several programs that can directly impact New Yorkers’ lives, an audit released today by New York State Comptroller Thomas P. DiNapoli found.

DiNapoli: Retired Westchester County Police Officer Indicted for Forging State Records to Illegally Double-Dip From State Pension Fund

State Comptroller Thomas P. DiNapoli and Ulster County District Attorney David J. Clegg today announced the indictment of former Ulster County BOCES criminal justice instructor Anthony Sciacca, a retired Westchester County Police Officer. Sciacca allegedly stole over $163,000 from the New York State and Local Retirement System (NYSLRS) by taking unlawful pension payments and forging a required certificate purportedly issued by the State Education Department (SED).

DiNapoli Op-Ed in Times Union

The Times Union published an op-ed from New York State Comptroller Thomas P. DiNapoli today.

Commentary: A path to comprehensive state debt reform

Last month, the U.S. reached its debt limit, forcing the Treasury Department to take extraordinary measures as Congress debates potential action. These high-stakes decision points have become increasingly common in the last decade, making federal spending and debt front-page news.

In contrast, state and local finances, and particularly debt, rarely receive that level of public attention.

NY State Comptroller DiNapoli Calls on Companies to Adopt Better Workers' Rights Policies

New York State Comptroller Thomas P. DiNapoli today announced a series of shareholder proposals filed at several major companies on workers’ freedom of association and collective bargaining rights. The proposals were filed with Walmart Inc., CVS Pharmacy Inc., Netflix Inc., DoorDash Inc. and Gannett Co.

DiNapoli: Thruway Authority Toll Increases Should Be Last Option

The New York State Thruway Authority (Thruway) has proposed a multi-year schedule of systemwide toll increases to begin in 2024, but a new report from State Comptroller Thomas P. DiNapoli identifies concerns with the proposal and urges the Thruway to first improve its operations and maximize non-toll revenues. DiNapoli’s office reviewed a decade of the Thruway’s finances and the toll hike proposal and found gaps in essential information necessary to evaluate the proposal.

DiNapoli: NYC Spending Priorities Shifted During Pandemic

Like many cities across the United States, New York City has adjusted its budget priorities during the COVID-19 pandemic to help address pressing needs, but some new critical programs and services may face fiscal cliffs, according to a new report from State Comptroller Thomas P. DiNapoli. The report compared the city’s pre-pandemic and current preliminary budgets for Fiscal Year 2024 (FY24) to examine how spending priorities shifted.