New York state pension fund

Ryan Delaney / WRVO

New York state Comptroller Tom DiNapoli says the state's estimated pension fund value has reached an all-time high, thanks to several factors.

"We've been benefiting obviously from the strong public markets, the stock market's been doing well and that's a significant part of our portfolio," DiNapoli said.

"So at the end of our first quarter -- and our fiscal year starts April 1 -- so at the end of the first quarter, which ended June 30, we were up to $180.7 billion. That is an historic high for us, so we're very, very pleased about the continued growth of the fund."

Money from a state pension fund is flooding into an Auburn company that manufactures, distributes and services electrical products. It's one way the state is trying to encourage economic growth in upstate New York.