Thomas P. DiNapoli
Won the June 23, 2026 Democratic primary with 65.7% against Drew Warshaw and Raj Goyle.
Thomas P. DiNapoli is the incumbent Democratic State Comptroller, seeking a fifth full term. He oversees the $300-billion-plus New York State Common Retirement Fund, conducts audits of state agencies and local governments, and manages the state's finances. He won his first contested Democratic primary since taking office in the June 2026 primary and campaigned on the fund's growth and financial health, opposing Governor Hochul's proposal to raise the dollar threshold for his office's review of state contracts.[4][5]
On the record — official actions
- finance2026-08-17 · Reported the New York State Common Retirement Fund valued at $309.7 billion at the end of the first quarter of State Fiscal Year 2026-27 (as of June 30, 2026), with an estimated 6.12% quarterly return and a 96.8% funded status.[10]
- finance2026-05-20 · Reported the pension fund posted an 11.94% annual return for the fiscal year ended March 31, 2026, closing at a then-record $295.4 billion; the fund's report cited a 92.2% funded status as of the prior fiscal year-end (March 31, 2025), with the new year's status still being calculated.[11]
- action2026-01-15 · Released an independent fiduciary review by Weaver and Tidwell LLP, the fund's fifth statutorily required review (covering April 2021–March 2024), which found the fund operates with the highest ethical standards and in full compliance with fiduciary and statutory requirements, while making five recommendations for process improvements.[12]
- action2026-07-29 · Released a follow-up and new round of state agency audits on July 29, 2026, finding the Department of Health made little progress addressing prior Medicaid program recommendations, that Medicaid laboratory services had $21.6 million in improper payments due to inadequate provider guidance, and citing oversight weaknesses at the Office for People With Developmental Disabilities and the Empire State Plaza Performing Arts Center.[13]
- action2026-08-10 · Released an audit finding the Department of Environmental Conservation cannot reliably measure how much waste is recycled statewide: DEC did not receive 341 of 1,065 required annual reports from recycling facilities over a three-year period, and 35% of registered and permitted facilities were not inspected.[14]
- action2024-02-15 · Announced in February 2024 that the pension fund would restrict investment in eight integrated oil and gas companies, including ExxonMobil, determined not to be "transition-ready" to a low-carbon economy, divesting corporate bonds and actively managed public equity holdings worth about $26.8 million.[9]
Positions on the issues
- MixedFaster transition away from fossil fuels
Set a 2040 net-zero emissions target for the pension fund and in February 2024 restricted investment in eight oil and gas companies found not "transition-ready," while continuing to hold most major oil and gas companies, including the bulk of its ExxonMobil position, after determining they met minimum transition standards.[9]
In their words — priorities
- Continuing to grow the state pension fund, which he says reached a record $309.7 billion and is about 97% funded, calling it 'virtually a fully funded public pension plan.'[5]
- Addressing affordability, citing the cost pressures New York families face and pointing to the fund's role in investments in health care, housing and education.[7]
- Maintaining independent oversight of state contracts and spending, opposing a 2026 budget proposal to raise the threshold for his office's contract review from $50,000 to $300,000.[8]
Background
- Earned a bachelor's degree in history from Hofstra University (1976) and a master's degree from the New School University's Graduate School of Management and Urban Professions (1988).[6]
- At age 18 in 1972 became a trustee of the Mineola Union Free School District Board of Education, reportedly the youngest person to hold public office in New York at the time; served until 1982, eventually as board president.[6]
- Represented District 16 in the New York State Assembly from 1986 to 2007.[6]
- Appointed Comptroller by the state legislature in February 2007 following the resignation of Alan Hevesi, and has since been elected to four full terms (2010, 2014, 2018, 2022).[6]