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DiNapoli Announces Change in Leadership of State Pension Fund's Real Estate Advisory Committee

State Comptroller Thomas P. DiNapoli today announced that after 16 years of distinguished service, David Peirez is stepping down as Chairman of the Real Estate Advisory Committee (REAC) for the New York State Common Retirement Fund. DiNapoli also announced the appointment of Louis Dubin, a member of REAC since 2003, as the committee’s new Chairman.

Hero Banner September 11

Twenty-two years later we remember those lost and pay tribute to the heroism and sacrifices of the 9/11 first responders. We come together again, as a nation, to mark this tragic event.

DiNapoli: NYC's Property Tax Bills Rise Along With Burden on Working- and Middle-Class Homeowners

The COVID-19 pandemic has caused property tax disparity to worsen in New York City, driving housing costs higher for many, according to a report released today by New York State Comptroller Thomas P. DiNapoli. Property tax disparities have been well documented for decades by advocates, fiscal monitors and the city, but the report found even when property values declined for many condos, co-ops and rental apartments due to the pandemic, property tax bills continued to rise.

State Comptroller Thomas P. DiNapoli Statement on NYC Finances

New York State Comptroller Thomas P. DiNapoli issued the following statement after giving remarks at New York City Financial Control Board’s annual meeting today:

“New York City’s 2024 budget increased spending to address growing demand for services using stronger than expected revenues and remaining federal pandemic aid.

“Significant risks are on the horizon, however. Unbudgeted costs for housing asylum seekers and other humanitarian efforts will quickly exceed the city’s resources. Federal aid and policy guidance are needed to assist the growing burden on the city.