Gambling with New York’s pension funds by E.J. McMahon | New York Post

Just in time for Wall Street’s latest bout of bearish volatility, state Comptroller Thomas DiNapoli is taking an important step to fortify New York’s largest pension fund.

Too bad he also passed up a golden opportunity to go further in the right direction.

Tweaking NY’s pension math by E.J. McMahon | NY Torch

Just in time for Wall Street’s latest bout of bearish volatility, state Comptroller Thomas DiNapoli is taking an important step to fortify New York’s largest pension fund.

Warning: lower tax hikes ahead by E.J. McMahon | NY Torch

The starting point for computing next year's local property tax cap in most of New York State will be less than 1 percent—and so state Comptroller Thomas DiNapoli is warning local governments "brace for ... [lower] growth in property tax revenues."

DiNapoli's tone clearly implies that a lower tax cap is a negative. But most property owners will no doubt see it another way.

Pension fund return falls short by E.J. McMahon | NY Torch

New York State's largest public pension fund earned 7.16 percent — short of its 7.5 percent target — during the fiscal year ending March 31, state Comptroller Thomas DiNapoli announced today.

The $183.5 billion Common Retirement Fund, of which DiNapoli is sole trustee, had previously announced a first-quarter gain of 3.8 percent, a second-quarter loss of 0.52 percent and a third-quarter gain of 1.91 percent.

State’s ad splurge didn’t pay off by Kenneth Girardin | NY Torch

New York State's economic development agency spent more than $200 million to advertise its programs without attempting to measure whether the ads produced results, according to an audit by state Comptroller Tom DiNapoli.