News from the Comptroller
DiNapoli: Towns Can Better Monitor Asphalt Projects
Towns in New York tracked the accuracy of asphalt pricing for local roadway projects, but they need to do a better job of ensuring that paving materials match project specifications, according to an audit of ten towns across the state released by State Comptroller Thomas P. DiNapoli. More...
DiNapoli: State Pension Fund Valued At All-Time High Of $160.4 Billion
New York State Comptroller Thomas P. DiNapoli announced today that the New York State Common Retirement Fund (Fund) was valued at an estimated $160.4 billion and earned an estimated 10.38 percent rate of return on its investments for the fiscal year ending March 31, 2013. More...
DiNapoli: Empire Continuing to Overpay for Special Medical Items
New York State health insurance provider Empire BlueCross BlueShield overpaid hospitals by nearly $490,000 for special medical items such as implants, drugs and blood, including more than $77,000 to just one hospital, over a six month period, according to an audit of the New York State Health Insurance Program (NYSHIP) released by State Comptroller Thomas P. DiNapoli. More...
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Wall Street Bonuses Up in 2012
The 2012 bonus pool grew by 8%, to $20 billion, over last year yet the industry has seen a net loss of almost 20,000 jobs since the start of the financial crisis in 2008. It’s further indication of a financial industry still in transition. More…