Fitch Ratings in June upgraded the state's general obligation bond rating from "AA" to "AA+" with a stable outlook.
"Those are two outside rating agencies saying we're on the right track," DiNapoli said to a crowd of Democrats as the keynote speaker at the Washington County Democratic Committee Annual Picnic Sunday.
DiNapoli, a Democrat, took the office in 2007, when it was "marred by scandal," he said, after Democrat
On Sunday, DiNapoli touted his office's handling of the pension fund with an investment strategy that has produced a rate of return much higher than the 7.5 percent benchmark. He said his office also has used it as an economic engine.
"We have used the state pension fund in new and creative ways to invest more money in our In-State Private Equity Program and small business lending program through New York State Small Business Development lending program," DiNapoli said.
Someone in the crowd had a bottle of Nirvana Water, and DiNapoli pointed out that the
He also said he's developed a strong partnership with Attorney General
Antonacci last week blasted DiNapoli for not launching an audit into the state's "Open for Business" TV advertising campaign sooner.
More than a year had passed before the request was granted late Thursday by the
DiNapoli revealed Tuesday his office already launched an audit into the campaign.
For the past four years, the state Legislature has approved
"Rather than wait a full year and get dragged kicking and screaming into this controversy, I would have marched onto the second floor and demanded that the administration level with taxpayers about how much of their hard-earned money is being spent on these ads. Sadly,
When asked about his opponent's comments, DiNapoli said he launched the audit before Republicans "attempted to turn it into a political football."
"It's is a new program, so you can't audit something until it's been in operation for a long time," DiNapoli said.
Critics of the ads -- one features
Antonacci also said the results of the audit should be issued no later than
DiNapoli said he didn't know when the audit findings would be complete.
"Audits typically take any number of months," DiNapoli said Sunday.
The well-attended picnic for Democrats featured several other speakers, including
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