A new report by State Comptroller Thomas P. DiNapoli highlights the challenges New York’s higher education sector is facing, including a looming enrollment cliff, growing costs of attendance, and rising student debt. The report examines both public and private institutions of higher education.
“New York has a robust higher education sector that attracts students and investment to our colleges and universities, which benefits our state and local economies,” DiNapoli said. “Declining enrollment over the last decade has already hurt the finances of several public and private institutions, forcing a few to downsize or close their doors. New York’s future depends on our institutions of higher education staying competitive by ensuring they are affordable, are diverse, and nurture a spirit of innovation and community in their students.”
Meeting with Labor Representatives
and Honoring International Women's Day
Over the past week, Comptroller DiNapoli joined Manhattan Borough President Mark Levine at his State of the Borough address, met with labor representatives from higher education and construction, and spoke to the need for greater diversity and representation of women in finance as part of a panel marking International Women's Day, which is celebrated on March 8.
Comptroller DiNapoli joined a panel discussion at PGIM to celebrate International Women's Day. To his right is Lori McEvoy, Managing Director, Jennison Associates. Comptroller DiNapoli attended the Manhattan Borough President's State of the Borough address. From left to right: Councilmember Shaun Abreu, Assemblymember Grace Lee, Manhattan Borough President Mark Levine, Comptroller DiNapoli, Assemblymember Alex Bores. |
Comptroller DiNapoli with United University Professions (UUP) President Frederick E. Kowal at UUP's Legislative Reception in Albany. Comptroller DiNapoli with Santos Rodriguez, Director of Community Affairs & Strategic Initiatives, Building and Construction Trades Council of Greater New York, after speaking to the group about NYC finances and infrastructure projects at their annual meeting. |
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Comptroller DiNapoli and Business Council's Heather Briccetti Mulligan Op-Ed: NY's Tax Base Dips with Population
The New York Daily News published an op-ed from State Comptroller DiNapoli and President and CEO of the Business Council of New York State Heather Briccetti Mulligan on the importance of keeping New York an attractive and affordable place to live and do business.
Former Utica City School District Superintendent Pleads Guilty to Public Corruption
State Comptroller DiNapoli, Oneida County District Attorney Todd Carville, and the New York State Police announced long-time superintendent of the Utica City School District, Bruce Karam, pleaded guilty to the felony charge of public corruption for using taxpayer funds to help support a political campaign relating to the 2021 Utica City School Board election and a non-school related fundraiser. As part of the plea agreement, he will serve five years of probation, pay restitution of $12,000, complete 250 hours of community service and agreed to a consent order to reduce his pension benefits.
Comptroller DiNapoli Reaffirms Commitment to DEI Initiatives
State Comptroller DiNapoli, trustee of the New York State Common Retirement Fund, announced various initiatives to address diversity, equity, and inclusion (DEI) issues at portfolio companies, including filing shareholder proposals at Tesla Inc., Wells Fargo and Co., Chipotle Mexican Grill Inc., and United Health Group Inc. DiNapoli’s actions come as corporate DEI initiatives are under attack, and reports that some companies are scaling back DEI efforts.
Comptroller DiNapoli's Statement on the SEC's Adoption of Climate Change Disclosure Rule
State Comptroller DiNapoli said, “This is a significant victory for investors who are committed to mitigating the real investment risks associated with climate change."
State Contract and Payment Actions in January
In January, the Office of the State Comptroller approved 1,493 contracts for State agencies and public authorities valued at $3.7 billion and approved nearly 1.9 million payments worth nearly $13.7 billion. The office rejected 165 contracts and related transactions valued at $4.3 billion and nearly 850 payments valued at more than $18.5 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.
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