DiNapoli Announces State Pension Fund's Efforts to Hold Corporations Accountable
State Comptroller DiNapoli, trustee of the New York State Common Retirement Fund (Fund), outlined priority areas for engaging with corporations in which the Fund is invested. Every year, the Fund identifies areas that pose potential risks and/or opportunities to improve its long-term value and makes its concerns known to companies. In order to promote the continued strength of the Fund’s investments, in 2024, Comptroller DiNapoli and the Fund continue to call out corporations that can do a better job of addressing Climate Risk, can improve their policies around Diversity, Equity and Inclusion, can do more to ensure a healthy and productive workforce, and can be more accountable to investors.
April Is Financial Literacy Month
Every dollar counts to New York’s households and that’s why State Comptroller DiNapoli is committed to expanding financial literacy by spreading the word on how to better manage money and expenses. Comptroller DiNapoli is also advocating for New York’s students to be able to take a personal finance class in high school and for it to be a requirement for graduation. To this end, the Comptroller’s office has met with the State Department of Education, school superintendents and the Board of Regents who is now considering the measure. Akron High School, near Buffalo, is one of the few high schools with a semester-long personal finance course and was recently featured on WKBW.
“Financial literacy can be an important step toward getting a better job, improving one’s quality of life, and attaining financial stability,’’ said Comptroller DiNapoli.
Better Reporting and Monitoring of NYC Capital Projects Needed
The majority of New York City’s capital projects are over their initial budgets and behind schedule, suggesting better monitoring and reporting could lead to adjustments to improve capital project delivery, according to an analysis released by State Comptroller DiNapoli.
Growing Number of Youth in Juvenile Justice Centers at Risk Due to Staff Shortages
Ongoing staff shortages in juvenile justice centers around New York State are potentially putting youth at risk, according to an audit from State Comptroller DiNapoli. The population in secure juvenile justice facilities has grown, straining staff’s ability to properly assess the physical and mental health of youth at intake as physical altercations, illegal drug use, and incidents of self-harm rise.
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