Saving for College With a NY 529 Account
Get a head start on saving for higher education expenses. The 529 College Savings Program helps you do just that. Opening a 529 account is not limited to parents— grandparents, other relatives, and friends may also— as long as they are a U.S. citizen or a resident alien. State Comptroller DiNapoli administers the Direct Plan component of the College Savings Program with the New York State Higher Education Services Corporation.
Greenburgh-Graham Union Free School District Superintendent and Former Security System Specialist Arrested on Corruption Charges for Stealing School Funds
State Comptroller DiNapoli and Westchester County District Attorney Miriam E. Rocah announced that the former superintendent of schools and a former security system specialist of the Greenburgh-Graham Union Free School District were arrested on corruption charges for allegedly stealing school district funds earmarked for students and spending them on personal and luxury expenses between 2018 and 2022.
NYC FY 2025 Budget Balanced With Strong Revenues and Cost Savings
Higher-than-projected revenue and cost-saving initiatives have helped New York City’s fiscal year (FY) 2024 budget generate a projected year-end surplus of $3.9 billion that will be used to prepay expenses for the next fiscal year, helping the City balance its FY 2025 executive budget, according to a report released by State Comptroller DiNapoli. Still, DiNapoli cautions that budget gaps are likely to be larger-than-anticipated by the City in the coming years, underlining the importance of adding to reserves now while revenues are strong and formalizing a policy for managing reserves in the future.
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