New York State Comptroller Thomas P. DiNapoli today announced that the New York State Common Retirement Fund’s (Fund) investment return was 5.84% for the state fiscal year that ended March 31, 2025. The Fund closed the year with an estimated value of $272.8 billion. (Note: In July 2025, following the annual audit of the Fund's financials, that value was revised upward to $273.1 billion.)
Young workers in New York City between the ages of 16-24 continued to face a high 13.2% unemployment rate in 2024, which was 3.6 points higher than in 2019 and higher than all other age groups, according to a report issued by New York State Comptroller Thomas P. DiNapoli. Despite significant improvement in 2023, the city’s youth unemployment rate was higher than the national rate.
New York State Comptroller Thomas P. DiNapoli announced today the following audits have been issued.
State Comptroller Thomas P. DiNapoli, Franklin County District Attorney Elizabeth Crawford and New York State Police Superintendent Steven G. James announced that Bridget Brown, the former treasurer of the Essex County Agricultural Society and former Willsboro town clerk/tax collector, pleaded guilty to stealing nearly $90,000 in funds from the society and the town.
The Times Union published an op ed by New York State Comptroller Thomas P. DiNapoli on the need for tougher oversight of governments use of Artificial Intelligence (AI) systems:
Artificial intelligence has the potential to transform how government operates and delivers services. New York state agencies have used AI companions to help seniors combat social isolation, and the Department of Motor Vehicles is using facial recognition technology to deter identity fraud.
Former Hannibal Fire Chief Chris Emmons pleaded guilty today to Grand Larceny for stealing from the town’s fire company and agreed to pay $9,838 in restitution, State Comptroller Thomas P. DiNapoli, Oswego County District Attorney Anthony J. DiMartino, Jr., and New York State Police Superintendent Steven G. James announced.
New York State Comptroller Thomas P. DiNapoli today announced the following local government audits were issued.
A Syracuse man pleaded guilty yesterday to stealing nearly $22,000 in pension payments sent to his deceased mother, State Comptroller Thomas P. DiNapoli, Onondaga County District Attorney William J. Fitzpatrick and New York State Police Superintendent Steven G. James announced. The defendant, Michael Glinski, 45, was arrested in January 2025 following an investigation by DiNapoli’s office.
New York state has appropriated $1.71 billion through State Fiscal year (SFY) 2025 to help counties implement the provisions of the “Raise the Age” (RTA) law enacted in 2017, with $658.8 million disbursed so far, according to a report released today by State Comptroller Thomas P. DiNapoli.
The Metropolitan Transportation Authority (MTA) pays for its operating budget from a wide variety of sources, but the decline in paid ridership since the pandemic and economic changes have contributed to significant shifts in those streams of income, a new report from State Comptroller Thomas P. DiNapoli details.
