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Saturday, February 14, 2015

Selected reports and information published by New York State's Comptroller Thomas P. DiNapoli during the week ending February 15, 2015


Selected reports and information published by New York State's Comptroller Thomas P. DiNapoli during the week ending February 15, 2015 
Source: Office of the State Comptroller 

DiNapoli: Fewer School Districts Overriding Tax Cap The number of school districts overriding New York’s property tax cap declined by more than half over the past three fiscal years, dropping from 44 school districts in 2012-13 to only 19 in 2014-15, according to a report issued Wednesday by State Comptroller Thomas P. DiNapoli. The report also found low- and average-need districts were twice as likely to override the tax cap compared to high-need districts. 

NYS Common Retirement Fund Announces Third Quarter Results The New York State Common Retirement Fund’s (Fund) overall return in the third quarter of the state fiscal year 2015 was 1.91 percent for the three-month period ending December 31, 2014, bringing the Fund’s estimated value to $181.7 billion, according to New York State Comptroller Thomas P. DiNapoli.

Comptroller DiNapoli and A.G. Schneiderman Announce Sentencing in $200,000 Fraud on Long Island Comptroller Thomas P. DiNapoli and Attorney General Eric T. Schneiderman Friday announced the sentencing of Charles Angelillo, 41, of Eastport, for his role in a conspiracy to defraud the state of over $200,000 by submitting false invoices over a two year period for HVAC equipment, supplies, and labor. The defendant, who pled guilty last October, must release the state of all obligations for the bogus invoices, refund $10,000 he admits stealing, and is banned from bidding on or receiving public contracts with the state, any municipality, public benefit corporations, or other public body for five years. 

DiNapoli Announces $1.2 Billion in New Commitments to State Pension Fund’s Emerging Manager Program New York State Comptroller Thomas P. DiNapoli announced Friday that the New York State Common Retirement Fund (Fund) has committed an additional $1.2 billion to its emerging manager program, increasing the total commitment to more than $5 billion. The program is designed to help diversify the Fund’s investments and expand its pool of investors. DiNapoli made the announcement at the Fund’s eighth annual Emerging Manager Conference. 

DiNapoli Honored with National Leadership Award New York State Comptroller Thomas P. DiNapoli received the William R. Snodgrass Distinguished Leadership Award from the Association of Government Accountants at a ceremony in Washington, D.C. on Wednesday, Feb. 11. The award is given annually to state government professionals who exemplify and promote excellence in government financial management. 

Comptroller DiNapoli and A.G. Schneiderman Announce Sentencing of Former Met Council Insurance Brokers State Comptroller Thomas P. DiNapoli and Attorney General Eric T. Schneiderman Friday announced that Solomon Ross and William Lieber, former insurance brokers for the Metropolitan Council on Jewish Poverty (“Met Council”), each have been sentenced to five years of probation and will each pay $1.5 million in restitution to Met Council. As part of their sentence, they will also surrender their broker’s licenses to the New York State Department of Financial Services.

Handbooks focusing on State and Municipal Public Personnel Law continue to be available for purchase via the links provided below:

The Discipline Book at http://thedisciplinebook.blogspot.com/

A Reasonable Penalty Under The Circumstances at http://nypplarchives.blogspot.com

The Disability Benefits E-book: at http://section207.blogspot.com/

Layoff, Preferred Lists at http://nylayoff.blogspot.com/

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