Home / News / In the News

In The News

Nov 19, 2020

Red state bailout? New York gets 91 cents back in fed aid for every tax dollar it pays, DiNapoli says


Despite the derision from Senate Republicans, New York taxpayers are pumping plenty of cash into federal coffers but aren’t getting nearly as much back in financial assistance from Washington, state Comptroller Thomas DiNapoli reported on Thursday.

Nov 9, 2020

N.Y. Common Fund sees 6.24% investment return for quarter

Pensions & Investments

The New York State Common Retirement Fund, Albany, recorded an estimated second-quarter net return of 6.24%, Thomas DiNapoli, state comptroller and sole trustee of the fund, said Monday in a news release.

Nov 9, 2020

New York State Comptroller tours North Country businesses


North Country leaders welcomed New York State Comptroller Tom DiNapoli to the region Monday to lend his expertise on improving the economy in Clinton and Franklin counties during COVID-19.

Nov 5, 2020

Comptroller: New York Has Lost Billions in Revenue During Pandemic

Spectrum News

New York's tax revenue is expected to have lost more than $4 billion compared to the previous fiscal year as the coronavirus pandemic continues to wreak havoc on the state's finances.

Oct 29, 2020

N.Y. Comptroller DiNapoli recommends NYC come up with post-coronavirus fiscal plan, pans borrowing

New York Daily News

State Comptroller Thomas DiNapoli is urging New York City to come up with a common sense fiscal plan to address economic uncertainty caused by the coronavirus pandemic.

Oct 29, 2020

Voter Turnout Soared For School Votes

Spectrum News

The coronavirus pandemic, and efforts to expand voter access to absentee balloting, may have led to an unexpected spike in voter participation in school votes earlier this year, a report released Thursday by Comptroller Tom DiNapoli's office found.

Oct 27, 2020

Institutional Investors Press CEOs to Disclose Climate Lobbying Practices

Chief Investment Officer

Group says companies will be held accountable for not aligning with the goals of the Paris Agreement.

Oct 13, 2020

Without Federal Aid, NY State Comptroller Predicts "End Of Public Transit As We Have Known It"


The state’s fiscal watchdog is in agreement with the MTA that without $12 billion in federal relief aid, New York’s public transit system will be devastated. State comptroller Thomas DiNapoli sounded the alarm on Tuesday, following the release of a bleak report on the MTA’s finances.

Oct 6, 2020

DiNapoli: Sales tax revenue threatens fiscal health of localities

Times Union

Localities increasing reliance on sales taxes to buoy budgets has put communities at higher fiscal risk and highlighted the need for New York to continue direct aid payments to communities, according to a report released Tuesday by state Comptroller Thomas D. DiNapoli.

Oct 2, 2020

NYS Comptroller Audit: Up To 50% Of NYC Bars And Restaurants Could Close Permanently In Next 6 Months

CBS New York

New York State Comptroller Thomas DiNapoli released a new report that shows how many restaurants and bars in the city may never recover.

Sep 25, 2020

NYC streets and sidewalks are filthy, new state audit finds

New York Post

Auditors from state Comptroller Tom DiNapoli’s office inspected a sample of 271 “blockfaces” — one side of a city block corner, including the street and sidewalk.

Sep 24, 2020

Glitches at NYC housing agency leaves tenants in the cold, audit claims

New York Post

Thousands of New York City tenants were potentially “left in the cold” because of a glitch with the city’s tracking system that “wrongly” ignored new heat and hot water complaints, a stinging state audit released Thursday claims.

Aug 27, 2020

MTA Faces Dire Need for Federal Help, NY Officials Say

New York State of Politics

New York City's mass transit system is in dire need of a federal aid package or risk a potentially costly borrowing plan and fare hikes, state officials on Thursday warned.

Aug 27, 2020

Comptroller rips LIPA for PSEG Isaias response


State Comptroller Thomas DiNapoli has expressed “serious issues” about LIPA’s ability to provide oversight of PSEG Long Island in the wake of the utility’s disastrous response to Tropical Storm Isaias.

Aug 24, 2020

Comptroller DiNapoli Explains Economic Development Audit

Spectrum News

Comptroller Tom DiNapoli’s office released an audit of over $2 billion of Empire State Development investments in private companies. The audit covered multiple projects under the troubled Buffalo Billion umbrella.

Aug 19, 2020

North Tonawanda officials were oblivious to town's fiscal problems

The Buffalo News

North Tonawanda finds itself in a fiscal wreck today, largely because the people in charge took their hands off the wheel.

Aug 18, 2020

U.S. activists complain that virtual shareholder meetings let companies silence them


Aug 11, 2020

DiNapoli: Rebound in investments boosts state pension fund


State Comptroller Thomas DiNapoli on Tuesday said investments in the state pension fund showed “one of the strongest rebounds in modern history” after deep losses from the COVID-19 virus and the economic shutdown it forced.

Aug 10, 2020

New York Comptroller and Colorado Pension Fund Named Lead Plaintiffs in Boeing Suit

Chief Investment Officer

The two collectively hold around $200 million in shares in Boeing, which they charge with ignoring safety issues around the 737 MAX for years.

Jul 30, 2020

Audit: Dangerous drivers, questionable expenses at agency for disabled New Yorkers

Times Union

OPWDD's vast system of hundreds of vehicles for state-run and private group homes needs closer oversight, auditors found