New York State

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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.

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.

NY ABLE Program Helps New Yorkers With Disabilities Cover Costs

New York State Comptroller Thomas P. DiNapoli and Dutchess County Executive Marcus Molinaro urged local residents to sign up for a new savings plan, called the New York Achieving a Better Life Experience (NY ABLE) program, designed to help individuals with disabilities maintain their health, independence and quality of life. DiNapoli and Molinaro today met with area residents, not-for-profit organizations and county government employees to discuss the program.

Approved State Contracts and Payments

In October, the Office of the State Comptroller approved 1,722 contracts for state agencies and public authorities valued at $1.39 billion and approved nearly 1.9 million payments worth more than $8.8 billion. The office rejected 195 contracts and related transactions valued at $520 million and nearly 600 payments valued at nearly $161.5 million. More information on these contracts and payments is available at www.openbooknewyork.com.