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NEWS from the Office of the New York State Comptroller
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DiNapoli: Read Fine Print on Gift Cards this Holiday Season

New York State Comptroller Thomas P. DiNapoli is urging New Yorkers to read the fine print on gift cards this holiday season for details about fees and expiration dates. While some gift card sellers have done away with inactivity fees, consumers should still ask whether fees apply when purchasing a gift card. DiNapoli said New Yorkers should use their gift cards within a year of purchase to avoid inactivity fees and register cards with the retailers that offer it so the owner can be identified.

New York State Comptroller DiNapoli Statement on Federal Tax Reform

"The House and Senate Republican tax plans are both profoundly bad deals for New York. Cutting or eliminating state and local tax deductions will hurt many New York taxpayers. Both plans would also revise the rules for municipal bonds in ways that could drive up state and local costs for essential infrastructure investments.

Comptroller DiNapoli and A.G. Schneiderman Announce Guilty Plea of Former NYC Council Member Ruben Wills

State Comptroller Thomas P. DiNapoli and New York Attorney General Eric T. Schneiderman announced the guilty plea today of former New York City Councilman Ruben Wills. Wills pleaded guilty to one count of Offering a False Instrument for Filing in the Second Degree, a class A misdemeanor. Pursuant to his plea agreement, Wills admitted he knowingly filed a false annual financial disclosure report with the New York City Conflicts of Interest Board by intentionally failing to disclose personal loans made to him on his disclosure form, as required by law.

DiNapoli: Local Communities Reducing Number of Homeless Veterans

The number of homeless veterans in New York has dropped dramatically over the past five years, according to a report issued today by State Comptroller Thomas P. DiNapoli. Homeless veterans declined from 5,765 in 2011 to 1,248 individuals in 2016 in New York, a decrease of 78.4 percent during the time frame, according to U.S. Department of Housing and Urban Development (HUD) data.

NYS Common Retirement Fund Announces Second Quarter Results

The New York State Common Retirement Fund's (Fund) overall return in the second quarter of the state fiscal year 2017-2018 was 3.67 percent for the three-month period ending Sept. 30, 2017, with an estimated value of $201.3 billion, according to New York State Comptroller Thomas P. DiNapoli.

New Funding Needed for MTA Improvements to Prevent Unplanned Fare and Toll Hikes

If new funding sources for the Metropolitan Transportation Authority (MTA) are not identified, the authority may have to raise fares and tolls faster than planned to improve a system that has deteriorated sharply in recent years, according to an analysis of the MTA’s financial plan released today by State Comptroller Thomas P. DiNapoli.