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RandySF

(80,402 posts)
Tue Dec 2, 2025, 07:50 PM Tuesday

NY-COMP: Adem Bunkeddeko (D) launches state comptroller bid with novel trust fund plan

“Let me ask you something, do you know what the state comptroller does?”

Adem Bunkeddeko posed that question at the start of his campaign launch video for state comptroller, which was shared exclusively with City & State. The former two-time congressional candidate in Central Brooklyn is now the latest declared Democrat vying to unseat incumbent Tom DiNapoli, with the goal to educate New Yorkers about the position and redefine what it could be.

Bunkeddeko enters a crowded primary field that already includes a housing nonprofit executive and a former Kansas state legislator. Each is trying to differentiate themselves from DiNapoli, who has held the position for 18 years with few real electoral challenges – while also laying out a vision distinct from their competitors. For Bunkeddeko, the hallmark of his campaign launch is a promise to invest billions of dollars in unclaimed funds to create trust funds for every child born in the state. “For too long, the Comptroller’s office has been on the sidelines – and New Yorkers have paid the price,” Bunkeddeko said in a statement. “It’s time for change.”

This isn’t the first time that the state’s $20 billion in unclaimed funds – money that technically belongs to New Yorkers – has come up in the race. Drew Warshaw, the housing executive who launched his campaign in May, has pitched as a cornerstone of his campaign getting that money into the pockets of the New Yorkers it belongs to as quickly as possible. The total value of unclaimed funds in the state has skyrocketed from roughly $7.2 billion to $20 billion under DiNapoli’s stewardship.



https://www.cityandstateny.com/politics/2025/12/adem-bunkeddeko-launches-state-comptroller-bid-novel-trust-fund-plan/409856/?oref=csny-category-lander-featured-river

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NY-COMP: Adem Bunkeddeko (D) launches state comptroller bid with novel trust fund plan (Original Post) RandySF Tuesday OP
I do and the Comptroller DiNapoli is the guardian of NY State Pensions Funds...and others Historic NY 32 min ago #1

Historic NY

(39,523 posts)
1. I do and the Comptroller DiNapoli is the guardian of NY State Pensions Funds...and others
Sun Dec 7, 2025, 12:43 PM
32 min ago
Unclaimed funds belong to actual people with names. The come from a variety of sources utility bills, over paid taxes, estates, bank accounts etc. People move away or now with ICE deporting people the add to the unclaimed funds pool. Some people are too scared to claim them .

They publish a computerized list. I would urge people to check the list

https://www.osc.ny.gov/unclaimed-funds/claimants/how-search-claim-property]

The comptroller has people attending many state and local functions each year spreading the news on Unclaimed Funds and publishes on-line and in print media.

What's scary is those that want to get their hands on the money. Investing pensions funds and other in the stock market entails a risk.. I always become suspicious when Johnny come lately's attack .

Look at Florida and the money pissed away with Russian investments.

Republicans look at the money laying in NY Pension accounts and want to use it to fund other government activities. Check it out. The Comptroller is the "defender" that stands in their way.

The Comptroller also in the arbitrator on decisions involving funds and pensions and various schemes. His office audits organizations and governments around the state. They prosecute and recover misappropriated funds.

I'm a trustee for an organization that takes in foreign tax funds for insurance companies outside the country.
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