Condemning the Terrorist Attacks on Israel
This week has been difficult for our world. My heart goes out to those in Israel and elsewhere who have lost loved ones to the atrocities committed by Hamas. The terror attacks have been horrifying and devastating. New York and I stand with our ally in these dark days as the people of Israel defend their nation. Unity is what brings us through such difficult times. We pray for the Jewish people, those being held hostage, those with family in the region and for a secure Israel.
Special Bond With Israel
New York has many ties to Israel, and that includes our State's pension fund, which has long been one of the leading purchasers of Israel Bonds. This week we purchased $20 million in Development Corp for Israel Bonds, which support infrastructure and other improvements there. We invest in Israel because we have confidence in its spirit of innovation, the tenacity of its people and the strength of its economy. The pension fund now has $267.8 million invested in Israel Bonds and approximately $1.5 billion invested in Israel across our portfolio.
Wall Street’s First Half Profits of
$13B Down 4.3% From Last Year
In the wake of record profits in 2020 and 2021, Wall Street has kept pace with pre-pandemic levels, with first-half 2023 profits of $13 billion, according to State Comptroller DiNapoli’s annual report on the performance of New York City’s securities industry. The first half of the year profits were down 4.3% from the same period in 2022.
“The securities industry’s two years of record profits helped stabilize New York’s economy in difficult times,” DiNapoli said. “Since then the industry has maintained profits consistent with pre-pandemic levels. But these are volatile times in America and globally, and Wall Street’s relatively stable profits and employment levels could change quickly. Further declines could weaken New York’s tax revenue from the securities industry and have repercussions for our State and City budgets.”
Celebrate Hispanic Heritage Month With Us
State Comptroller DiNapoli sat down with longtime, nationally recognized journalist Gerson Borrero to discuss his journey as a little boy from Ponce, Puerto Rico to New York City, his rise in English-and-Spanish-language media, and his views on immigration in America today.
Mobile Sports Betting Adds to State Revenue, But Calls to Problem Gambling Hotline Rise as Gaming Expansion Continues
State collections from the taxes on mobile sports betting totaled $727.4 million in State Fiscal Year 2022-2023 and have continued to grow in the first quarter of the current fiscal year, according to a report by State Comptroller Thomas P. DiNapoli. With the legalization of mobile sports betting, the New York State Gaming Commission noted a 26% increase in problem gambling-related calls to the Office of Addiction Services and Supports from 2021 to 2022.
Huntington Man Charged With Stealing Over $56,000 in State Pension Payments
State Comptroller DiNapoli and Suffolk County District Attorney Raymond A. Tierney announced the arrest of former Town of Huntington employee Moses K. Johnson, 63, of Huntington, for allegedly stealing his mother’s public pension payments following her death in April of 2021.
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