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. Read More
Tag: Thomas P. DiNapoli
State Comptroller Thomas DiNapoli today submitted legislation that would allow state and local governments to save for retiree health insurance costs through a separate pool, saying state and local governments each face a unfunded liability of a whopping $68 billion. Read More
Governor Andrew Cuomo's projection of future "surpluses" rests on the expectation that he "will propose, and negotiate with the Legislature to enact, Budgets that hold State Operating Funds spending growth to 2 percent." But is the governor really living under his own cap? A budget analysis by the state Comptroller Thomas DiNapoli's office suggests, persuasively, that he isn't. Read More
New York's top economic development agency isn't releasing enough information to determine whether billions of dollars are being misspent. Read More
A bill expanding the share of New York public pension funds that can be invested in complex, high-risk alternative assets such as private equity and hedge funds has been vetoed by Governor Andrew Cuomo. Read More
Comptroller Thomas DiNapoli’s announcement today of “stellar” pension fund investment earnings in fiscal 2014 doesn’t mean tax-funded pension costs will be headed rapidly back to “normal,” whatever that may be. Read More
State Comptroller Thomas DiNapoli has announced a “fiscal stress monitoring system” to provide an early warning of problems in local governments and school districts, which can only be a good idea... Read More
City governments throughout New York “are stressed and have to work hard to keep their fiscal houses in order,” says a new report from the office of state Comptroller Thomas DiNapoli. Read More