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we are in it for the long term

We help state and municipal financial leaders leverage their influence to deliver economic opportunity, inclusive growth, sustainable investment stewardship, and responsible fiscal stewardship. 

Connecticut Comptroller Sean Scanlon unveils AI regulations for State Employee Health Plan and Partnership Plan to protect patient care quality

Connecticut has new regulations for the use of artificial intelligence in the State Employee Health Plan and Partnership Plan, which serve more than 270,000 members.

This comes in response to growing warnings about the unchecked growth of AI in the health insurance industry, State Comptroller Sean Scanlon said at the announcement of the regulations on Wednesday.

-Ebong Udoma | WSHU

New York City Comptroller Mark Levine and city pension funds invest $300 million with AFL-CIO HIT to support affordable housing

Four New York City municipal pension funds are investing $300 million into a trust connected to the country’s biggest alliance of labor unions in an attempt to address a dire housing shortage in the five boroughs, Comptroller Mark Levine announced Thursday.

The new investment in the AFL-CIO Housing Investment Trust marks the first allocation of its kind since Levine announced a plan to direct $4 billion in city pension funds over the next four years to build more apartments.

David Brand | Gothamist

Massachusetts Treasurer Deborah Goldberg announces 2027 funding for high school financial education fairs

The Massachusetts Treasurer’s Office of Economic Empowerment (OEE), in partnership with the Massachusetts Division of Banks (DOB) and the Office of Consumer Affairs and Business Regulation (OCABR), announced funding for the 2027 Financial Education Innovation Fund Grant. Created in 2015, the Financial Education Innovation Fund gives students the opportunity to practice making many of the real-world financial decisions they’ll face after graduation.

-News from the Office of the Massachusetts Treasurer & Receiver General

Colorado Treasurer Dave Young directs $10 million to help Colorado school employees buy homes

The Public School Fund Investment Board (PSFIB) is investing $10 million from the Public School Permanent Fund to help Colorado public school employees purchase homes in the communities where they work, marking the first transfer from the fund’s new Community Investment Portfolio.

“As a former educator, I know that school employees are the backbone of our communities, but the cost of buying a home can make it difficult for them to put down roots where they work,” said Colorado State Treasurer Dave Young. “This investment addresses that challenge head-on while protecting the long-term value of the Public School Permanent Fund.”

-News from the Colorado Department of the Treasury

California Controller Malia Cohen attends affordable housing groundbreaking at Candlestick Park

The California State Controller's Office posted on Facebook: #ICYMI, this week Controller Cohen attended a major milestone as FivePoint broke ground at Candlestick Park. 

This project will bring 7,200 new homes, nearly 2.8 million square feet of innovation space, and more than 100 acres of parks and open space, and 2.5 miles of public waterfront. 

Thank you to everyone who supported this effort to bring new housing, economic opportunity, and vibrant public spaces to San Francisco.

New York Comptroller Tom DiNapoli opposes SEC recession of Shareholder Proposal rule which has been a cornerstone of American corporate governance

New York State Comptroller Thomas P. DiNapoli, Trustee of the New York State Common Retirement Fund, released the following statement today on the Securities and Exchange Commission’s proposed rule to rescind Rule 14a-8, the shareholder proposal rule:

"Today, Trump’s SEC turned its back once again on American investors, abandoning its core mission to protect them. For more than 80 years, the shareholder proposal process has been a cornerstone of American corporate governance that has strengthened board oversight, improved risk management, and fostered productive dialogue between investors and companies. With this attempt to rescind Rule 14a-8, the SEC has chosen to allow corporate management to shield themselves from accountability rather than protect the investors it was created to serve. I will continue to fight to defend the NYS pension fund’s rights as a shareholder against these reckless attacks.

-News from the Office of the New York State Comptroller

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