Thomas P. DiNapoli
New York State Comptroller
Thomas P. DiNapoli is the 54th Comptroller of the State of New York. He is known for his integrity, independence and steadfast leadership. Since 2007, Comptroller DiNapoli has aggressively fought misuse of public resources, strengthened one of the nation’s top public pension funds, and consistently spoken out against fiscal gimmicks, imprudent actions and government inefficiency.
His career in public service began when he was elected as a trustee of the Mineola Board of Education, becoming the first eighteen year old in New York State to hold public office. He has been dedicated to making government more accountable and transparent to the people for more than thirty-five years.
His life of public service started when he was elected as a trustee of the Mineola Board of Education, becoming the first 18-year old in New York State to hold public office. He’s been making government more accountable and transparent to the people for more than 35 years.
The New York State Comptroller is responsible for managing the state’s $176.2 billion pension fund, auditing the spending practices of all state agencies and local governments, critically reviewing the New York State and City budgets, and approving billions in state contracts and spending.
A diligent fiduciary of the state pension fund, Comptroller DiNapoli is changing the way the fund operates to increase transparency and establish strong internal controls, ensuring the strongest investment performance and ethical operations. He instituted the most stringent reporting requirements on investments, fees and other information. He barred investment firms contributing to his campaign from doing business with the state pension fund and was a leading voice in getting the Securities and Exchange Commission to impose tough new rules on “pay to play” to prevent improper influence on investment decisions.
He made investment in New York State companies a priority, nearly doubling the pension fund’s In-State Private Equity Program commitment to over $1 billion.
His audits and efforts have identified billions in misuse, waste and savings. As an Assemblyman, he helped draft and pass stronger school district accountability laws in response to the scandals that exposed the theft of millions of taxpayer dollars on Long Island. As Comptroller, he completed a five-year school accountability project, which involved auditing all 733 school districts and BOCES in the state. In 2012, he launched a series of audits that found widespread abuse of public funds by special education contractors, resulting in several criminal referrals and restitution.
Comptroller DiNapoli has been relied on to examine state, city and local finances and provide an independent, credible analysis of government finances. In January 2013, his office launched a Fiscal Monitoring System to rate communities on their fiscal condition, sending an early warning to those in trouble. He is also shedding light on the issues that cause communities to face fiscal stress in today’s tough economy. He has consistently advocated for budget and debt reform to give the state a more secure fiscal future.
Prior to becoming Comptroller, he represented the 16th Assembly District in northwestern Nassau County for two decades. Before this, he was a manager in the telecommunications industry. Comptroller DiNapoli holds a master’s degree from The New School University’s Graduate School of Management and Urban Professions. He holds a bachelor’s degree in history from Hofstra University.