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Oct 13, 2018

Re-elect Tom DiNapoli as state comptroller


Tom DiNapoli has held the role of state comptroller for more than decade. As the state’s chief fiscal officer and sole trustee of New York’s common retirement fund, DiNapoli has navigated through economic crises, stabilized and grown the pension fund, taken on public corruption, and shone a spotlight on agencies and municipalities through the auditing process, while managing an office of more than 2,700 employees to get the work done. Now, as he seeks his third full term, the focus turns back on DiNapoli’s record, and it’s clear the Great Neck Democrat has done the job well. The state’s pension fund has grown to $207.4 billion, gaining 11.35 percent in the fiscal year that ended in March. Some of those gains are due to a high-performing market, but that strength has put the fund on a more stable path, and has helped significantly narrow the gap between its assets and the benefits it pays out to public employees. New York’s pension fund continues to be one of the best-funded plans in the country, at 98 percent. DiNapoli will have to rethink the fund’s asset allocations, and likely lower the assumed rate of return, now at 7 percent, to reduce risks.

Oct 11, 2018

Caution flags aplenty for the MTA


How’s the Metropolitan Transportation Authority doing? Pretty poorly, says state Comptroller Tom DiNapoli. And MTA officials don’t really disagree.

Oct 10, 2018

MTA facing toughest financial challenge in decades: report

New York Daily News

The state’s top accountant said the MTA’s finances are at risk of going off the rails. A review of the Metropolitan Transportation Authority’s books by state Controller Tom DiNapoli noted upcoming budget deficits over $1 billion, a planned fare hike and a credit downgrade that could make borrowing more expensive.

Oct 10, 2018

$616 Million In Unclaimed Money Owed To Long Islanders

Syosset Patch

The State of New York is safeguarding nearly $5.1 billion in unclaimed cash belonging to more than 8 million New Yorkers as of September 2018, and State Controller Thomas P. DiNapoli is urging owners to take steps to retrieve it.

Oct 10, 2018

State: Ballston Spa leaders failed to act on treasurer's failings

The Daily Gazette

BALLSTON SPA -- The village's former treasurer, Christopher Hickey, for years failed to file mandatory financial reports and village leaders failed to remedy the situation, according to an audit released Wednesday by the Office of the State Comptroller.

Oct 2, 2018

Editorial: Robocalls need attention

Times Union

The state failed for two years to vigorously enforce the "Do Not Call" law. As the problem of predatory telemarketers and scammers grows exponentially, New York can't skimp on consumer protection. You can report those annoying telemarketer calls that pester you even when your number is on the "Do Not Call" registry. Just don't expect New York to do anything about it. In 2016 and 2017, when New Yorkers filed more than 800,000 complaints with the Federal Trade Commission, New York's Division of Consumer Protection referred only two cases for enforcement action, according to an audit by the office of state Comptroller Thomas DiNapoli.

Oct 1, 2018

NY disability agency gets 270 school zone speeding tickets

News 10 WHEC

ALBANY, N.Y. (AP) - A New York state agency that cares for the disabled racked up hundreds of traffic tickets, including running red lights and speeding through school zones, according to an audit released Monday.

Sep 30, 2018

Editorial: Keep developers honest

Times Union

A state audit found that an Albany agency could do a better job of holding developers who receive tax incentives accountable.

Sep 28, 2018

State audit says Albany IDA should measure goals for tax exemptions

Albany Business Review

The city of Albany industrial development agency should make sure it has measurable goals for the projects it grants tax exemptions to, an audit by state Comptroller Thomas DiNapoli's office recommended.

Sep 28, 2018

Unemployment insurance cheaters got off lightly, audit claims

Times Union

ALBANY — Hundreds of people who cheated the state out of unemployment insurance checks got off easy because of an investigations backlog at the state Labor Department, according to a Comptroller's audit of the program released Thursday.