DiNapoli Faces 1st Democratic Primary in 19 Years for $295 Billion Pension Fund
Updated
Updated · City & State New York · Jun 17
DiNapoli Faces 1st Democratic Primary in 19 Years for $295 Billion Pension Fund
3 articles · Updated · City & State New York · Jun 17
Summary
June 23's Democratic primary has turned New York's usually low-profile comptroller race into a real contest, with Tom DiNapoli facing Raj Goyle and Drew Warshaw after four cycles without a Democratic challenger.
$295 billion in state pension assets sit at the center of the race, as both progressive challengers attack DiNapoli's investments in Palantir, Israel bonds and some private equity holdings.
DiNapoli enters with $1.4 million on hand, major backing from Kathy Hochul, Letitia James and labor unions, and a record of growing the fund from $140 billion since taking office in 2007.
Goyle and Warshaw share calls for divestment and a more activist use of the office, but their overlap on the left could split anti-incumbent voters as early voting runs through June 21.