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NEWS from the Office of the New York State Comptroller
Contact: Press Office 518-474-4015

        
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DiNapoli: New York's Higher Education Sector Boosts State and Local Economies, but Job Recovery Lags

A new report by State Comptroller Thomas P. DiNapoli highlights the higher education sector’s importance to New York’s local economies and to the state’s overall economic health. The state’s 290 degree-granting, postsecondary institutions employed over 296,000 people, paying wages of around $26.5 billion in 2023, but the sector still has over 13,000 fewer jobs since the pandemic.

DiNapoli: Audit Finds Counties Are Not Checking Prices and Scales at Retailers

An audit of 10 counties found that some did not adequately test the accuracy of retail prices or test scanners, scales and devices used to price, weigh or measure goods at grocery stores, gas stations and other retail locations to make sure that consumers were paying the correct price, New York State Comptroller Thomas P. DiNapoli said today.

Huntington Man Pleads Guilty to Grand Larceny

New York State Comptroller Thomas P. DiNapoli and Suffolk County District Attorney Raymond A. Tierney today announced that Moses K. Johnson, 63, of Huntington and a former employee of the Town of Huntington, pleaded guilty to Grand Larceny in the Fourth Degree for stealing more than $56,000 of his mother’s public pension payments following her death in April of 2021.

DiNapoli: NYSLRS Announces Employer Contribution Rates for 2025-26

State Comptroller Thomas P. DiNapoli today announced employer contributions rates for the New York State and Local Retirement System (NYSLRS) for State Fiscal Year (SFY) 2025-26. Employers’ average contribution rates will increase from 15.2% to 16.5% of payroll for the Employees’ Retirement System (ERS) and from 31.2% to 33.7% of payroll for the Police and Fire Retirement System (PFRS).

DiNapoli: NY Pension Fund Reaches Climate Agreements With Five Portfolio Companies

The New York State Common Retirement Fund (Fund) reached climate-related agreements with five portfolio companies during the 2024 proxy season and added $2 billion to the MSCI World ex-USA Climate Change Index strategy, State Comptroller Thomas P. DiNapoli announced today, along with releasing the fourth annual Climate Action Plan Progress Report.

DiNapoli: Owner and Employee of Medical Transport Company Arrested for Defrauding Medicaid

New York State Comptroller Thomas P. DiNapoli, Schenectady County District Attorney Robert M. Carney, and Schenectady County Sheriff Dominic Dagostino announced the arrest of Muhammad Adnan Saeed, owner of Sublime Medical Transportation and Heather Smith an employee/driver for the company, for the alleged theft of over $700,000 from the state’s Medicaid program. Saeed and Smith are alleged to have inflated bills by falsely claiming that group rides were separate, individual rides and thereby unlawfully received mileage payments for each individual in the group.

DiNapoli: State Pension Fund Valued at $267.7 Billion at End of First Quarter

New York State Comptroller Thomas P. DiNapoli today announced that the estimated value of the New York State Common Retirement Fund (Fund) was $267.7 billion at the end of the first quarter of state fiscal year 2024-25. For the three-month period ending June 30, 2024, Fund investments returned an estimated 1.38%.