Relevance: primary · Type: action
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The New York State Commission on Ethics and Lobbying in Government approved reimbursement for Comptroller Thomas DiNapoli’s trip to Israel sponsored by the Jewish Community Relations Council of New York.
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The New York State Commission on Ethics and Lobbying in Government raised concerns that the sponsored trip could create an appearance of potential improper influence.
Relevance: primary · Type: event
Confidence100%
The Jewish Community Relations Council of New York sponsored Comptroller Thomas DiNapoli’s trip to Israel.
Relevance: supporting · Type: event
Confidence100%
According to an itinerary drafted by the Jewish Community Relations Council of New York, Comptroller Thomas DiNapoli was scheduled to meet with Israel Bonds staffers during his trip to Israel.
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The Jewish Community Relations Council of New York received financial backing from Israel Bonds for a float in the 2024 Israel Day Parade.
Relevance: primary · Type: action
Confidence100%
Comptroller Thomas DiNapoli invested $20 million of New York pension funds in Israel Bonds following the October 7 attacks.
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Confidence100%
Since the February 2024 trip, Comptroller Thomas DiNapoli has invested $120 million of the state’s common retirement fund in Israel Bonds.
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The total investment of New York state pension funds in Israel Bonds is $332.5 million.
Relevance: supporting · Type: event
Confidence100%
Comptroller Thomas DiNapoli marched in the Israel Day Parade in New York City on June 4, 2023.
Relevance: supporting · Type: background
Confidence100%
Comptroller Thomas DiNapoli regularly attends the Israel Day Parade, including in 2024.
Lisa Mulleneaux, researcher with Jewish Voice for Peace’s “Break the Bonds” campaign
Relevance: supporting · Type: action
Confidence100%
Lisa Mulleneaux, a researcher with Jewish Voice for Peace’s “Break the Bonds” campaign, filed an October complaint with the ethics commission regarding Comptroller DiNapoli’s trip.
Lisa Mulleneaux, researcher with Jewish Voice for Peace’s “Break the Bonds” campaign
Relevance: supporting · Type: quote
Confidence100%
“By participating in trips organized and paid for by an organization that receives institutional donations and is closely and publicly aligned with Israel Bonds, while simultaneously promoting his office’s ongoing investments in Israel Bonds, Comptroller DiNapoli engaged in a foreign policy function far outside his statutory mandate as a fiduciary to millions of pensioners and public employees.”
Lisa Mulleneaux, researcher with Jewish Voice for Peace’s “Break the Bonds” campaign
Relevance: supporting · Type: quote
Confidence100%
“This represents a serious violation of his ethical obligation under §74(3)(f) to avoid any impression that his official duties can be swayed by outside groups.”
Lisa Mulleneaux, researcher with Jewish Voice for Peace’s “Break the Bonds” campaign
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Confidence100%
“At minimum, it undermines public trust in the independence of the Comptroller’s office and the integrity of the state’s investment decisions.”
spokesperson for DiNapoli
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A spokesperson for Comptroller DiNapoli stated that his office was unaware of any ethics complaint filed in relation to the trip.
Relevance: supporting · Type: background
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Comptroller Thomas DiNapoli is facing his first primary fight in 18 years as comptroller.
Relevance: supporting · Type: action
Confidence100%
Primary challengers Raj Goyle and Drew Warshaw have pledged to divest from investments in Israel if elected.
Becky Silber, New York state employee and member of Jewish Voice for Peace
Relevance: supporting · Type: quote
Confidence100%
“When I became aware that my pension fund was being used to fund Israel, I was gutted, honestly. I was horrified watching the news coming out of Gaza. I was checking every purchase in the grocery store to make sure that my money wasn’t funding it. And so to learn that hundreds of millions of dollars of my pension fund were being sent to Israel with no guardrails on how it was spent, that was devastating.”
Relevance: supporting · Type: background
Confidence100%
Israel Bonds cannot be sold on a secondary market and must be held until they mature.
Relevance: supporting · Type: background
Confidence90%
Israel’s credit rating has declined rapidly in recent years.
Kaycee Wimbish, Kingston, New York, resident active with the Mid-Hudson Valley chapter of the Democratic Socialists of America
Relevance: supporting · Type: quote
Confidence100%
“It is hard to justify this as financial prudence or an effective strategy for diversification, especially when many other comparable investments are less risky; more transparent; and more liquid.”
Dani Noble, organizer with Jewish Voice for Peace
Relevance: supporting · Type: quote
Confidence100%
“Officials like Comptroller DiNapoli are responsible for the safeguarding of pension funds through strategic investing that prioritizes the needs of public sector workers and retirees. Instead, Comptroller DiNapoli is investing the NY pension in Israel Bonds — unrestricted loans to the Israeli military and government used for every aspect of violence against Palestinians.”
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