New York State

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.

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.

DiNapoli Proposes More Transparency for Fire Protection Costs

New York State Comptroller Thomas P. DiNapoli today proposed changes to the process for local communities that contract out their fire protection services to incorporated volunteer fire companies. DiNapoli's legislation would require any incorporated fire company to submit an itemized statement of the estimated costs of providing fire services prior to contract negotiations with any town, village or fire district.

DiNapoli: Major Retailers Agree to Report on Efforts to Protect Human Rights, Workplace Safety

New York State Comptroller Thomas P. DiNapoli today announced corporate retailers Macy's and Ross Stores have agreed to shareholder proposals filed by the New York State Common Retirement Fund (Fund) that asked the companies to report on how they monitor their overseas apparel suppliers and subcontractors in an effort to protect human and workplace standards.

Comptroller DiNapoli & A.G. Schneiderman Announce Felony Conviction of Upstate Woman for Pension Fraud and Welfare Fraud

New York State Comptroller Thomas P. DiNapoli and Attorney General Eric T. Schneiderman announced today the conviction of Tammy Banack, a resident of Kirkville, New York, of the crime of Grand Larceny in the Third Degree, a class D felony. Banack pleaded guilty today before Hon. Stephen J.

DiNapoli: Preschool Special Education Provider Received Nearly $6 Million for Ineligible Expenses

A Manhattan-based preschool for children with disabilities charged the State Education Department (SED) nearly $6 million for expenses that did not qualify for taxpayer reimbursement, State Comptroller Thomas P. DiNapoli announced today. DiNapoli's audit of New York League for Early Learning Inc. (NYL) focused on $138 million in expenses the school claimed for special education services over the three fiscal years ended June 30, 2014.

Pension Fund Makes Progress on Board Diversity

New York State Comptroller Thomas P. DiNapoli today announced that the New York State Common Retirement Fund (Fund) has reached agreement with GoPro Inc. to formally include sexual orientation and gender identity, among other factors, in its considerations when seeking diverse board candidates.

NY State Comptroller DiNapoli Asks for Report on Due Diligence in Wake of Dakota Pipeline Controversy

New York State Comptroller Thomas P. DiNapoli, on behalf of the New York State Common Retirement Fund (Fund), is calling on Marathon Petroleum to explain how it identifies and addresses environmental and social risks, including potential violations of indigenous peoples' rights, in reviewing its potential acquisitions. The shareholder proposal is co-sponsored by the Unitarian Universalist Association, the United Church Funds, the Oneida Trust of the Oneida Tribe of Indians of Wisconsin, Trillium Asset Management and As You Sow.

DiNapoli Releases February State Cash Report

State tax collections totaled $67.3 billion through Feb. 28, a decline of $481 million or 0.7 percent from the same period last year, according to the state cash report issued today by State Comptroller Thomas P. DiNapoli. Year to date tax collections were $103 million higher than the latest projections included in the Third Quarter Update to the Financial Plan released with the Executive Budget on Feb. 23.