Tom DiNapoli

Mike Groll / AP

New York State Comptroller Tom DiNapoli warns of a “problematic” budget season, as the state faces a structural deficit, changes to the federal tax code, and uncertainty over continued funding from Washington.

Hans Pennink / AP

Some lawmakers are pressing the state’s comptroller to divest the state’s pension fund from the fossil fuel industry. But Comptroller Tom DiNapoli says he believes he can be more effective in changing the company’s behavior by acting from the inside.

Mark Lennihan / AP

U.S. Attorney Preet Bharara is bringing charges against a former portfolio manager in the state’s pension fund, saying he accepted bribes, which included prostitutes and illegal drugs, from two hedge fund brokers.

Thomas Ferrigno / AP

Average Wall Street bonuses were down 9 percent last year to $146,200 as industry profits declined, New York's comptroller reported Monday.

Industry-wide profits decreased by 10.5 percent, the third straight yearly decline, according to the annual estimate from State Comptroller Thomas DiNapoli. The comptroller said revenues were weak, especially from trading and underwriting. Profits were at their lowest reported level since 2011.

AP Photo/Mike Groll

The New York comptroller says the Cuomo administration's budget proposal shows ongoing improvements in the state's financial position but lacks funding details for large, long-term initiatives to house the homeless and upgrade mass transit networks downstate.

Comptroller Thomas DiNapoli's analysis puts spending at $154.6 billion in the coming year, including federal money for Superstorm Sandy recovery and health care reform, plus capital spending from windfall bank settlements.

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