Thomas DiNapoli

New York State Comptroller Thomas DiNapoli has released an independent review of the New York State Common Retirement Fund that found it is well-run, operates with an industry-leading level of transparency and invests effectively on behalf of its members.

The New York State common retirement fund’s rate of return for the third quarter ending Dec. 31 was 1.74 percent, according to New York State Comptroller Thomas DiNapoli. The fund’s estimated value at the end of the third quarter was $152.9 billion, near its historical high.

Local sales tax collections in New York State grew by $450 million in 2012, an increase of only 3.3 percent from 2011, according to a report issued Thursday by State Comptroller Thomas DiNapoli. New York City had a slightly better growth rate of 3.5 percent.

A growing number of influential democrats believe State Comptroller Thomas DiNapoli’s weak standing makes him ripe for a primary challenge in two years and former governor Eliot Spitzer has resurfaced as a possible opponent.

New York State Comptroller Thomas DiNapoli announced Tuesday that Cabot Oil and Gas Corporation has agreed to publicly disclose its policy and procedures for eliminating or minimizing the use of toxic substances in its hydraulic fracturing fluids.

State Comptroller Thomas DiNapoli’s office has finalized plans to implement a statewide fiscal monitoring system that would publicly identify local governments experiencing financial strain.

According to a report issued on Wednesday by State Comptroller Thomas DiNapoli, local governments across New York are increasingly turning to local tax revenue to make up for sluggish growth in federal and state aid.

State Comptroller Thomas DiNapoli on Monday warned in an analysis that New York State’s heavy debt burden could jeopardize critical infrastructure projects and other capital needs. New York State has the second highest level of debt in the country and is approaching its legal borrowing limit. The state’s debt capacity is projected to dwindle to $509 million by the end of the next fiscal year. Read

A report issued by State Comptroller Thomas DiNapoli reveals that many local governments have nearly exhausted their resources in an effort to avoid severe fiscal stress.

An audit released on Wednesday by state comptroller Thomas DiNapoli, said New York State could save as much as $20 million a year if the Department of Corrections and Community Supervision applies to the federal Medicaid program for inpatient care for eligible inmates.