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NEWS from the Office of the New York State Comptroller
Contact: Press Office 518-474-4015

DiNapoli: Contribute to 529 College Savings Account by Dec. 31 for Tax Benefits

New York State Comptroller Thomas P. DiNapoli today issued a reminder to New Yorkers that not only are contributions to New York's 529 College Savings Program accounts tax deductible* but now lower fees, higher maximum balances and the elimination of the $25 minimum contribution fees make it easier to save for continuing higher education.

State Will Save Millions After Audit Uncovers Unnecessary Medicaid Transportation Costs

New York state's Medicaid program is expected to save $7.6 million over the next five years as the result of actions taken by the state Department of Health (DOH) after an audit found it had incorrectly paid contractors for transportation management services it shouldn't have, according to a report released today by State Comptroller Thomas P. DiNapoli.

DiNapoli: Report Warns of Growing State Debt

New York's state-funded debt is projected to reach $63.7 billion at the end of the current fiscal year and to increase over the following four years to $71.8 billion, according to a report issued today by New York State Comptroller Thomas P. DiNapoli. The comptroller once again called for reforms to New York's use of debt, including voter approval of borrowing and better capital planning for infrastructure projects.

DiNapoli: Neighborhood Banks Helping Stabilize, Revitalize City Communities

New York State Comptroller Thomas P. DiNapoli today visited Ridgewood Savings Bank, in Clinton Hill, Brooklyn and Spring Bank, in the South Bronx, to highlight the importance of Banking Development Districts (BDDs). The Comptroller's Office has deposited $10 million in state funds in each of the two bank branches.

NYS Comptroller DiNapoli: ExxonMobil Agrees to Assess Impacts of Climate Change

New York State Comptroller Thomas P. DiNapoli today announced that ExxonMobil has agreed to implement the shareholder request that the company analyze how worldwide efforts to adopt the Paris Agreement goals for reducing global warming might impact its business. The request, co-filed by the New York State Common Retirement Fund (the Fund) and the Church of England, received landslide support from more than 62 percent of Exxon voting shareholders at the company's annual meeting in May.

Former Head of Niagara Falls Housing Authority Pleads Guilty to Stealing Government Funds; Son and Daughter-in-Law Also Convicted

U.S. Attorney James P. Kennedy, Jr. announced today that Stephanie W. Cowart, 58, of Grand Island, NY, pleaded guilty to theft concerning programs receiving federal funds before U.S. District Judge Richard J. Arcara. The charge carries a maximum penalty of 10 years in prison and a $250,000 fine. In addition, Cowart’s son and daughter-in-law, Allen, 31, and Fredia, 28, both of Niagara Falls, NY, pleaded guilty to a misdemeanor charge of theft of government funds which carries a maximum penalty of one year in prison and a $100,000 fine.