A Message from the Comptroller Dear New Yorkers, Did you miss us?! New York City’s conflict-of-interest laws prohibit elected officials from sending out communications during a “blackout period” in advance of an election when they’re on the ballot, so we haven’t been able to e-mail you our monthly Economic Newsletters and Spotlights since March. (We take the rule-of-law very seriously over here). If you missed them, you can check out the Spotlights from those months on Student Loans and the...
New York, NY — Statement from New York City Comptroller Brad Lander, in response to Tesla (TSLA) setting a date for its next annual shareholder meeting, following investor demands to fulfill its obligation: “Tesla’s announcement of its annual shareholder meeting is a welcome, if belated, recognition that the rule of law applies to everyone—even the world’s richest man and his company. The basic corporate governance rules are not optional; they are fundamental protections for shareholders and public markets. Together with other long-term investors, we will remain vigilant and hold Tesla accountable to...
New York, NY— The House of Representatives passed the Congressional Reconciliation Budget bill, otherwise known as the Big Ugly Bill, to deliver on the Trump Administration’s spending and tax cuts. New York City Comptroller Brad Lander issued the following statement: “Donald Trump’s Bill Ugly Bill will make Americans sicker, hungrier, and more vulnerable. Gutting Medicaid and SNAP will irreparably harm hundreds of millions of Americans living in this tumultuous Trump economy. “In addition to its broader harms, this big ugly bill...
New York, NY — New York City Comptroller Brad Lander released the following statement after the New York City Rent Guidelines Board (RGB) voted increase rents by 3% for one-year leases and 4.5% for two-year leases: “For the fourth year in a row, Mayor Adams’ appointees on the NYC Rent Guidelines Board stuck tenants with a rent increase they can’t afford – even as landlord profits have soared, vacancy rates are at historic lows, and the proportion of rent-burdened households...
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