State Comptroller Thomas P. DiNapoli's Weekly News - State Pension Fund Posts Strong Second-Quarter Returns

 

State Pension Fund Posts Strong Second-Quarter Returns

The estimated value of the New York State Common Retirement Fund was $291.4 billion at the end of the second quarter of State Fiscal Year 2025-26, Comptroller DiNapoli announced. Fund investments returned an estimated 4.13% for the quarter and 9.82% for the first six months of the fiscal year.

"Despite ongoing domestic and global volatility, financial markets have performed well over the past quarter, benefitting the state pension fund,” DiNapoli said. “Yet concerns over a slowing labor market, inflation and uncertain federal policy warn of turbulence ahead. Our diversification strategy, long-term perspective and effective management strongly positions the Fund to ensure that state and local government employees will receive the retirement benefits they have earned, even amid any market fluctuations.”

The Fund's audited value was $273.1 billion as of March 31, 2025, the end of the state’s fiscal year.

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Comptroller DiNapoli's Fight Against Public Corruption

Comptroller DiNapoli is committed to fighting public corruption through a strong partnership with law enforcement. The Comptroller's anti-corruption initiative investigates corruption and fraud in state and local government, fraud and abuse of public resources by private entities, and pension fraud. These efforts have brought those who tried use their positions for personal benefit to justice and have recouped stolen taxpayer money. The Comptroller actively encourages the public to report any evidence they find of fraud and abuse. 

 

New Yorkers can report allegations of fraud involving taxpayer money by visiting the Office of the State Comptroller Division of Investigations, calling the toll-free Fraud Hotline at 1-888-672-4555, by emailing a complaint to investigations@osc.ny.gov or by mailing a complaint to: Office of the State Comptroller, Division of Investigations, 8th Floor, 110 State St., Albany, NY 12236. All complaints are confidential.

 

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Comptroller DiNapoli Updates NYC 311 Services Monitor

Continuing efforts to promote data-informed decision-making and increased transparency, Comptroller DiNapoli has updated the NYC311 Monitoring Tool through the first three quarters of 2025. New York City residents can look at the service request types and complaints in their borough, neighborhood, and zip code to see what issues can be improved on. Parking issues and housing conditions continue to be major items that residents are reporting at higher levels than last year, while residential and street noise violations are down compared to last year. 

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Comptroller DiNapoli Releases October Cash Report

State tax receipts for State Fiscal Year (SFY) 2025-26 totaled $63.6 billion through October, $5 billion (or 8.5%) higher than the same period last year, according to the monthly State Cash Report released by Comptroller DiNapoli. In comparison to the Division of the Budget’s Mid-Year Update to the SFY 2025-26 Enacted Budget Financial Plan estimates, year-to-date collections were $296.7 million higher.

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M U N I C I P A L  &  S C H O O L   A U D I T S

• Serven Volunteer Fire Company – Board Oversight
• Border City Fire District – Board Oversight
• Border City Hose Company – Financial Oversight
• Henderson Fire District – Financial Activities
• Canisteo-Greenwood Central School District – Claims Auditing

A L S O   I N   T H E   N E W S

• After much lobbying, NY agrees to require personal finance classes in school
• Oversight gaps allowed court-ordered mental health treatments to lapse
• New York let $10M in improper Medicaid payments slip through
• New Windsor couple charged with stealing over $2 million from New York

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