Tag: Thomas P. DiNapoli

Tallying Albany’s revenues

New York State's 2010-11 2011-12 fiscal year appears to be off to a good start. Tax collections for the first quarter of the year were nearly $800 million above Governor Andrew Cuomo's initial budget projections, according to the June cash report posted today by state Comptroller Thomas DiNapoli. Read More

Return of The Whopper

"New York has always paid its pension bills on time," state Comptroller Thomas DiNapoli boasted yesterday, in the state pension fund's 14.6 percent return on assets during the fiscal year that ended March 31. But in fact, under a 2010 law champio Read More

Cuomo, DiNapoli and the invisible elephant

Public schools in New York are awfully expensive, and their costs continue to rise at a pace that taxpayers can't afford. So how can schools cope with a needed reduction in state aid? Governor Andrew Cuomo has a simple and blunt prescription: "less... Read More

Risk, schmisk

It's official: after a decade in which the New York State pension fund's annual return on assets averaged less than half its target rate, the fund will need to jack up its taxpayer-funded contribution rates next year, Comptroller Thomas DiNapoli announced today. Read More

New York State’s pension pit

State Comptroller Thomas DiNapoli yesterday issued a happy talk news release touting the state retirement system's 26 percent return on investments in fiscal 2009-10, which ended March 31. “The Fund remains one of the strongest in the U.S.,” DiNapoli said. Read More

“Barely scraping by”

New York is running out of cash, Comptroller Thomas DiNapoli today.  The situation would be worse if Governor Paterson had not , prompting the New York State United Teachers union to file a against him. But don't worry-- will soon be bailing us Read More