Selected reports and information published by New York State's Comptroller Thomas P. DiNapoli
Issued during the week ending February 10, 2013 [Click on text highlighted in bold to access the full report]
DiNapoli Reaches Agreement with Cabot Oil and Gas to Disclose Policies on Hydraulic Fracturing Fluid
New York State Comptroller Thomas P. DiNapoli announced that Cabot Oil and Gas Corporation has agreed to publicly disclose its policy and procedures for eliminating or minimizing the use of toxic substances in its hydraulic fracturing fluids. As a result of the agreement, DiNapoli has withdrawn his shareholder proposal submitted for the company’s 2013 proxy statement calling for a report on the use of these substances in Cabot’s shale energy operations.
DiNapoli: Special Education Providers Charged Taxpayers for Excessive Salaries and Personal Items
The owners of two Manhattan–based special education providers claimed more than $500,000 in expenses to which they were not entitled, including extra money for their salaries, vehicle costs and personal expenses, as well as bonuses for staff that could not be justified, according to two audits released Thursday by New York State Comptroller Thomas P. DiNapoli. The audit findings are being considered for referral to law enforcement.
DiNapoli: Court Allows Securities Litigation Class Action Against BP To Move Forward
New York State Comptroller Thomas P. DiNapoli commended a Houston federal judge’s decision to allow a securities class action case against BP plc to go forward. “We are pleased that the New York State Common Retirement Fund’s claims on behalf of BP’s investors will proceed,” DiNapoli said. “Shareholders saw their investments plummet in value following the Deepwater Horizon catastrophe. Now information has come to light that BP was wholly unprepared to respond to the risks of its deep sea operations and incapable of adequately reacting when something went wrong.”
DiNapoli Receives Hubert H. Humphrey Humanitarian Award
State Comptroller Thomas P. DiNapoli received the Hubert H. Humphrey Humanitarian Award in recognition of his lifetime of public service to the state of New York and its citizens. The award was presented at the United Federation of Teachers’ annual Greater Metropolitan New York Social Studies Conference at which DiNapoli delivered the luncheon keynote address.
DiNapoli: Gloversville Faces Fiscal Challenges
Long–term population loss continues to limit economic growth in the city of Gloversville, according to a report issued by State Comptroller Thomas P. DiNapoli. City officials, however, have established critical rainy day funds by controlling the growth in spending, which helped lead to a recent upgrade to the city’s credit rating. The report is the latest in a series of fiscal profiles on cities across the state released by the Comptroller’s office.
Comptroller DiNapoli Releases Municipal Audits
New York State Comptroller Thomas P. DiNapoli announced his office completed audits of:
the Town of Bangor;
the Town of Black Brook;
the Town of Florida;
the Town of Olive; and,