Tagged: thomas dinapoli

Host Alan Chartock is joined by New York state Comptroller Tom DiNapoli, a Democrat who has held office since 2007 after two decades in the Assembly. They discuss firearm investments in the state pension fund, political spending by corporations, and the Tappan Zee project.

ALBANY, N.Y. (AP) — New York state Comptroller Thomas DiNapoli says local governments are leaning harder on their taxpayers because of sluggish state and federal aid.

DiNapoli's report states that in the last decade, federal and state aid grew an average of 2.2 percent a year, which was less than the inflation rate of 2.4 percent during the same time.

The share of local municipal and county funding that comes from the state and federal government is down to 20 percent, from 22 percent in 2011.

ALBANY, N.Y. — The New York comptroller says the state government's debt has topped $63 billion, with New York on track to approach its borrowing limit in early 2014.

Comptroller Thomas DiNapoli says Monday the debt burden, averaging $3,253 per resident, is almost three times the national median. New York's debt is second only to California's $96.4 billion in state-funded debt and 80 percent higher than New Jersey, which is in third place.

The New York State Attorney General and the office of the Albany County District Attorney will review the findings of a state audit that found highly questionable spending and expenses at the State University of New York Research Foundation.

Stockholders of Texas-based oil giant ExxonMobil are set to vote Wednesday on a proposed company policy to ban discrimination against gay or transgender workers, a resolution pushed by New York Comptroller Thomas DiNapoli.

The comptroller's office says it has used the influence it has from investing the $150 billion state pension fund's stock portfolio to help persuade 27 other big corporations to adopt new anti-discrimination policies. Previous attempts with ExxonMobil have failed.

New York State Comptroller Tom DiNapoli says the state’s pension fund has “successfully weathered” another economic storm. He reports returns are the highest since global market meltdown of 2008.  Capitol Correspondent Karen DeWitt reports…

Comptroller Tom DiNapoli says despite another volatile year in the markets, the pension fund for the hundreds of thousands of state worker retirees performed at a rate of 5.96%. The total fund is valued at $150.3 billion dollars, the highest since before the Great Recession.