New York Comptroller Tom DiNapoli claimed Gov. Kathy Hochul (D-NY) is attempting to deprive him of his office’s oversight authority in a recent report on the state’s executive budget.
In his 38-page report released last week, DiNapoli critiqued Hochul’s 2024-25 budget proposal, saying that it contained “concerning proposals” regarding transparency, debt, and oversight limitations. Hochul is excluding $160 million and another $1.4 billion from his office’s oversight and competitive bidding, according to the report.
“Executive Budget includes a new proposal to severely restrict the State Comptroller’s terms and conditions approval of certain State bond issuances. This critical oversight and approval role protects taxpayers from short-sighted financing decisions that too often burden taxpayers with debt that is risky and costly,” DiNapoli noted in the report.
In addition to limiting his office’s oversight of state bond issuances, which
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