Selected reports and information published by New York State's Comptroller Thomas P. DiNapoli

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Selected reports and information published by NewYork State's Comptroller Thomas P. DiNapoliIssued during the week endingFebruary 10, 2013 [Click on text highlighted in bold to access the full report] 
DiNapoli Reaches Agreement with Cabot Oil andGas to Disclose Policies on Hydraulic Fracturing Fluid

New York State Comptroller Thomas P. DiNapoli announced that Cabot Oil and GasCorporation has agreed to publicly disclose its policy and procedures foreliminating or minimizing the use of toxic substances in its hydraulicfracturing fluids. As a result of the agreement, DiNapoli has withdrawn hisshareholder proposal submitted for the company’s 2013 proxy statement callingfor a report on the use of these substances in Cabot’s shale energy operations.

DiNapoli: Special Education Providers ChargedTaxpayers for Excessive Salaries and Personal Items

The owners of two Manhattan–based special education providers claimed more than$500,000 in expenses to which they were not entitled, including extra money fortheir salaries, vehicle costs and personal expenses, as well as bonuses forstaff that could not be justified, according to two audits released Thursday byNew York State Comptroller Thomas P. DiNapoli. The audit findings are beingconsidered for referral to law enforcement.

DiNapoli: Court Allows Securities LitigationClass Action Against BP To Move Forward

New York State Comptroller Thomas P. DiNapoli commended a Houston federaljudge’s decision to allow a securities class action case against BP plc to goforward. “We are pleased that the New York State Common Retirement Fund’sclaims on behalf of BP’s investors will proceed,” DiNapoli said. “Shareholderssaw their investments plummet in value following the Deepwater Horizoncatastrophe. Now information has come to light that BP was wholly unprepared torespond to the risks of its deep sea operations and incapable of adequatelyreacting when something went wrong.”


DiNapoli Receives Hubert H. HumphreyHumanitarian Award

State Comptroller Thomas P. DiNapoli received the Hubert H. HumphreyHumanitarian Award in recognition of his lifetime of public service to thestate of New York and its citizens. The award was presented at the UnitedFederation of Teachers’ annual Greater Metropolitan New York Social StudiesConference at which DiNapoli delivered the luncheon keynote address.

DiNapoli: Gloversville Faces FiscalChallenges

Long–term population loss continues to limit economic growth in the city ofGloversville, according to a report issued by State ComptrollerThomas P. DiNapoli. City officials, however, have established critical rainyday funds by controlling the growth in spending, which helped lead to a recentupgrade to the city’s credit rating. The report is the latest in a series offiscal profiles on cities across the state released by the Comptroller’soffice.

Comptroller DiNapoli Releases MunicipalAudits

New York State Comptroller Thomas P. DiNapoli announced his office completedaudits of:
the Town of Bangor;
the Town of Black Brook;
the Town of Florida;
the Jericho Fire District;
the City of Mechanicville;
the Town of Olive; and,
the Watertown Housing Authority.