New York Office of the State Comptroller

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.

This document outlines the Environmental, Social & Governance (ESG) strategy for the New York State Common Retirement Fund, emphasizing the integration of ESG factors into its investment philosophy and processes. Key strategic pillars include assessing environmental considerations such as climate risks and resource usage, social aspects like workforce management and human rights, and governance practices including risk oversight and board governance. The strategy aims to mitigate risks, identify opportunities, enhance the long-term value of investments, and promote sustainable company success through active ownership and engagement with asset managers and portfolio companies.