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Comptroller Stringer Delivers Testimony on Fiscal Year 2019 Executive Budget to the New York City Council Committee on Finance

(New York, NY) — Today, New York City Comptroller Scott M. Stringer testified before the New York City Council Committee on Finance’s Fiscal Year 2019 Executive Budget Hearing. In his testimony, Comptroller Stringer repeated his call for rigorous agency savings and greater preparedness for the possibility of tougher times ahead. As such, Comptroller Stringer proposed a four-year savings plan with a goal of adding a billion dollars this year and the next to the City’s surplus in order to reach the...
Testimonies

Testimony of New York City Comptroller Scott M. Stringer, Comments on New York City’s FY 2019 Executive Budget

Good afternoon Chair Dromm and members of the Finance Committee.  I’m here today to discuss the Executive Budget for Fiscal Year 2019.  I’m joined by my Deputy Comptroller for Budget, Preston Niblack. Since my testimony here in March, our economic outlook has remained largely unchanged.  The economy remains strong, thanks to a strong labor market and a boost from the Tax Cuts and Jobs Act and the federal budget. But increased federal spending and ongoing tax cuts will ultimately lead...
Press Releases & Statements

Comptroller Stringer Statement on MTA Subway “Fast Forward” Plan

“Today’s Fast Forward Plan is a big step in the right direction, but now it’s up to the MTA to make sure it’s implementation is not slow-walked. New Yorkers have waited long enough for trains and buses to run on time, and any more delay will only serve to further hurt straphangers and further drag down our economy. “As my office has documented, the decades-long deterioration of our subways exerts an economic toll on our city every single day, draining...
Press Releases & Statements

Comptroller Stringer Releases Agency Watch List Report: Department of Education

(New York, NY) — As the New York City Council Committees on Education and Finance hold a hearing on the Executive Budget for Fiscal Year 2019, Comptroller Stringer today released the first “Agency Watch List” report on the City’s spending at the Department of Education (DOE), calling for greater transparency from the agency on its spending and results. The Comptroller’s report finds that while agency spending has risen rapidly in the last few years, the availability of data to monitor progress...
Press Releases & Statements

Comptroller Stringer Releases Agency Watch List Report on Homeless Services

(New York, NY) — As the New York City Council Committee on Homeless Services holds a hearing today on the Executive Budget for Fiscal Year 2019, Comptroller Stringer released the second “Agency Watch List” report, this time focused on the City’s spending on homeless services. Amid extraordinary increases in City expenditures on programs to address a historically large homeless population, the Comptroller’s report spotlights the lack of data available to measure the effectiveness of City spending. The analysis found that while...
Press Releases & Statements

New Comptroller Stringer Analysis: Legalizing Marijuana Could Lead to Millions in Tax Revenue for City and State

(New York, NY) — As support for marijuana legalization grows across the nation, New York City Comptroller Scott M. Stringer today released a new report on the fiscal impact of legalizing adult-use marijuana sales in New York. While New York State continues to study the implications of legalization, the Comptroller’s analysis estimates the potential market for adult-use marijuana in New York State at roughly $3.1 billion, including approximately $1.1 billion in New York City. By applying tax rates in line with...
Press Releases & Statements

Comptroller Stringer Releases First Agency Watch List Report: Department of Correction

(New York, NY) — As the New York City Council Committee on Criminal Justice holds hearings on the Executive Budget, New York City Comptroller Scott M. Stringer today released the first “Agency Watch List” report on the Department of Correction (DOC), one of three agencies the Comptroller’s Office is monitoring for spending and results. The watch list is a tool to track the relationship between spending on and results of programs run by city agencies, and highlights areas where the public...
Press Releases & Statements

Comptroller Stringer: New York City Growth Moderates in the First Quarter of 2018

(New York, NY) — The pace of New York City’s economic growth slowed during the first three months of 2018, according to the Quarterly Economic Update released today by New York City Comptroller Scott M. Stringer. The analysis found that Gross City Product grew by 2.7% from January through March, less than the 3.4% growth in the previous quarter (Q4 2017), but still outpacing the national economy, which expanded by 2.3%. The report highlighted several economic indicators showing a mixed...
Press Releases & Statements

Comptroller Stringer Statement on Resignation of Attorney General Eric Schneiderman

"I am shocked and deeply disturbed by the graphic reports of Attorney General Schneiderman's reprehensible violence. There is no place for this type of conduct in our society. Speaking out against those in power is painful and brave. I stand with the women who came forward. With the Attorney General's resignation behind us, we can move forward to ensure that our justice system continues to serve the people of New York."
Press Releases & Statements

Comptroller Stringer Statement on Airbnb’s Attempts to Distract from Its Effect on Rising Housing Costs

"Same old, same old from Airbnb. "Airbnb's high-priced lobbyists are doing what they always do when confronted with facts they don't like, which is hold press conferences to try and smear those who dare to question the company's impact on cities. It’s the same playbook they have used around the globe, from Paris to Berlin to San Francisco. The fact is that Airbnb drives up rents for millions of working New Yorkers every single day by allowing unscrupulous landlords to turn once affordable apartments into...
Press Releases & Statements

Comptroller Stringer Statement Calling on Airbnb to Release Its Data

"If Airbnb wants to have a real conversation about its impact on New York City, it should start by releasing raw data on all its listings – rather than fighting the City tooth and nail in court to hide its data, then hypocritically questioning the methodology of every study it doesn’t like. "As recently as last month, the City was forced to sue Airbnb after the company refused to comply with a subpoena for records related to a Chelsea building...
Press Releases & Statements

Comptroller Stringer and over 150 Immigrant Rights Organizations, Community Leaders, and Advocates Urge City to Support NYC Citizenship Fund

(New York, NY) — Today, Comptroller Stringer released a letter to Mayor de Blasio signed by over 150 immigrant rights organizations, community groups, and advocates calling for the inclusion of the Comptroller’s proposed NYC Citizenship Fund in the FY19 City Budget. The Citizenship Fund would help eliminate financial barriers that prevent immigrants from taking that final step toward citizenship by subsidizing the cost of the citizenship application for those who need help most. First proposed in a groundbreaking report by Comptroller Stringer...
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