New York Office of the State Comptroller

This General Investment Policy Statement provides a framework for the New York State Common Retirement Fund's operations and investment program. It focuses on prudent asset management, optimizing long-term risk-adjusted returns through diversified investments across asset classes such as Public Equities, Fixed Income, Private Equity, and Real Estate. The plan integrates ethical standards, ESG factors, and programs for emerging managers and sustainable investments, aiming to ensure secure pension benefits and maintain high operational standards.

This report presents the Fiscal Stress Monitoring System (FSMS) results for school districts in Fiscal Year 2024-25. It details the methodology for measuring budgetary solvency using indicators such as low liquidity, operating deficits, low fund balance, and reliance on short-term debt, as well as environmental stress factors. The findings indicate an increase in districts designated in fiscal stress, returning to pre-pandemic levels, partly attributed to the conclusion of federal pandemic relief funding. The report also analyzes fiscal stress by district need and highlights chronically stressed districts, emphasizing the overall fiscal stability of most districts while offering resources for improved financial management.

The New York City Health + Hospitals (H+H) strategic initiatives plan, covering fiscal years 2025 through 2029, outlines a roadmap for achieving long-term fiscal stability and ensuring the provision of essential health and mental health services. The plan focuses on key strategies such as enhancing revenue generation through supplemental Medicaid payments, improving revenue cycle and managed care contracts, and implementing growth and value-based payment initiatives. It also addresses cost-saving measures while navigating significant challenges, including the volatility of funding sources and the potential impact of federal health policy changes on patient coverage and financial support.

This report details the 2019 corporate governance stewardship activities of the New York State Common Retirement Fund. Its primary mission is to mitigate risks and enhance the long-term value of investments for its members and pensioners. The strategic focus is built upon robust Environmental, Social, and Governance (ESG) practices, specifically emphasizing sustainability, diversity and inclusion, and accountability. The report outlines initiatives and achievements aimed at promoting sound management principles and long-term financial success across its portfolio companies through active ownership and public policy advocacy.

The New York State Common Retirement Fund's 2025 Stewardship Priorities outline its Corporate Governance Program's active engagement with public equity portfolio companies. The plan focuses on fostering robust governance practices and prudent management of environmental and social factors. Key strategic pillars include Workforce Management, Climate Change & Environmental Stewardship, Diversity & Inclusion, Governance & Accountability, and Artificial Intelligence (AI) & Cybersecurity. The overarching goal is to communicate priorities transparently and encourage open engagement to drive long-term value and sustainable practices.