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NEWS from the Office of the New York State Comptroller
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State Comptroller DiNapoli Statement on State Budget Extender

New York State Comptroller Thomas P. DiNapoli issued the following statement today regarding the Legislature's passage of an extender bill to fund state operations:

"The passage of a budget extender bill will ensure that more than 60,000 state employees will be paid this week. However, since the extender was passed after the time in which OSC indicated it must be done to avoid any disruptions, there may be a delay and employees on the institutional payroll should watch closely."

State Contract and Payment Actions in February

In February, the Office of the State Comptroller approved 1,465 contracts for state agencies and public authorities valued at $1.4 billion and approved more than 2.9 million payments worth nearly $10 billion. The office rejected 121 contracts and related transactions valued at $206.2 million and nearly 7,000 payments valued at more than $23.1 million, primarily for mistakes, insufficient support for charges, and improper payments. More information on these contracts and payments is available at Open Book New York.

DiNapoli Orders Divestment of Russia Holdings

New York State Comptroller Thomas P. DiNapoli, sole trustee of the New York State Common Retirement Fund (Fund), today announced that he has directed divestment from Russian companies and continued his prohibition of any further investments in them.

DiNapoli: Despite Progress, Pay Gap for Women Persists

Median earnings for full-time working women in New York were 86 cents for every dollar earned by men in 2019, an annual wage gap of $8,821, according to a new analysis by New York State Comptroller Thomas P. DiNapoli. The analysis, based on the most recent state-level data available, finds the gap in New York was smaller than the national wage gap of $10,150, with women earning 81 cents for every dollar paid to men on average.

NYS Comptroller DiNapoli: Wall Street’s 2021 Bonuses Set a New Record

The average bonus paid to employees in New York City’s securities industry for 2021 grew to $257,500, a 20% jump over the previous year’s record high, according to annual estimates released today by New York State Comptroller Thomas P. DiNapoli. The estimated bonuses paid out on Wall Street are higher than the city’s most recent 15.7% growth projection, and should help the city exceed its expected revenue from income taxes.

DiNapoli: State Education Employment Program For New Yorkers With Disabilities Falling Short

The program run by the State Education Department (SED) to help New Yorkers with disabilities gain employment, transition to independent living, and rise out of poverty is not fulfilling its mission because it too often leaves participants with inadequate plans that do not accomplish those goals, according to an audit released today by State Comptroller Thomas P. DiNapoli.

State Comptroller DiNapoli Statement on SEC's Climate Disclosure Proposal

New York State Comptroller Thomas P. DiNapoli issued the following statement regarding today’s SEC proposed rule on climate disclosure.

"Today's action by the SEC will ​provide investors with the robust climate disclosures that we have long advocated for. Access to consistent, comparable, and reliable information, across the marketplace, will greatly improve the state pension fund's ability to assess and address risks and opportunities as we navigate our path to net zero by 2040.

DiNapoli: Federal Aid, Increasing Tax Revenues and Savings Boost New York City's Surplus

New York City is expecting to generate a surplus of $3.7 billion in fiscal year (FY) 2022 due to federal aid, better-than-projected tax revenues, and planned savings, according to a report released today by State Comptroller Thomas P. DiNapoli on the city’s February financial plan. The surplus could reach at least $4.5 billion if revenue and spending remain on their current tracks, according to DiNapoli’s analysis.