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Comptroller Stringer: New Marijuana Revenues Need to Go to Communities Most Impacted by Cannabis Enforcement

(New York, NY) — As New York moves closer to legalizing cannabis for adult use, New York City Comptroller Scott Stringer today released an analysis revealing disparities in marijuana enforcement across not only racial and ethnic but also socioeconomic lines. The new report, Addressing the Harms of Prohibition: What NYC Can do to Support an Equitable Cannabis Industry, found City neighborhoods with the highest marijuana-related arrest rates have lower incomes, higher unemployment, lower credit scores, and lower rates of home ownership. With the...
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Comptroller Stringer Appoints New Head of Private Equity in the Bureau of Asset Management

(New York, NY) – Today, New York City Comptroller Scott M. Stringer announced the appointment of J. David Enriquez the Head of Private Equity in the Bureau of Asset Management (BAM), effective immediately. As Head of Private Equity, Enriquez will oversee the five NYC Retirement pension systems (the Systems) over $12 billion private equity portfolio. Enriquez previously served as Interim Co-Head of Private Equity, and before that was a Senior Investment Officer for Private Equity in BAM. “I am pleased to...
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Comptroller Stringer Proposes Fundamental Realignment of the City Housing Plan to Address New Yorkers Most in Need

(New York, NY) — Today, New York City Comptroller Scott M. Stringer unveiled a report that establishes the true scope of New York City’s affordable housing crisis, and reveals that the City’s current plan is not reaching those most at risk. NYC for All: The Housing We Need, finds that roughly 580,000 New York City households are in the greatest need of affordable housing.  These households – almost 90% of whom make less than $47,000 per year for a family of...
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Comptroller Stringer Audit Reveals Department of Education Flouted Rules in Travel Spending

(New York, NY) — New York City Comptroller Scott M. Stringer today released a new audit that found the City Department of Education (DOE) failed to comply with its own rules and City guidelines for the approval and payment of travel and conference expenses. In Fiscal Year 2017 DOE paid 42,508 travel expense vouchers, totaling over $20 million. The Comptroller’s office audited $1,060,056 worth of those payments and found that 93 percent failed to comply with DOE’s own rules, directives of...
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New York City Comptroller Stringer Releases Fiscal Year 2018 Popular Annual Financial Report

(New York, NY) — For the fourth year since its inception, New York City Comptroller Scott M. Stringer released the​​ Popular Annual Financial Report (PAFR) for Fiscal Year 2018, a complementary guide to the Comprehensive Annual Financial Report (CAFR). The PAFR is an important transparency tool, presenting critical information on the City’s revenues, expenses, budget, and capital projects in 31 easy-to-understand pages with dozens of explanatory graphs, charts, and images to help everyday New Yorkers understand the City budget. This year, the PAFR report was released with an interactive,...
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Comptroller Stringer Statement on DOI Contract Following Mark Peters Firing

(New York, NY) – Today, following the firing of Mark Peters at the Department of Investigation (DOI), Comptroller Stringer released the following statement: “Given the changes at the Department of Investigation, I’ve asked the Mayor to review the contract for DOI’s lavish new office space and explore all options. Under Mark Peters, DOI pushed for this office space and DCAS failed to answer basic questions about why it needed a $350 million waterfront office that would require exorbitant remodeling, especially...
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After Snowstorm Chaos, Comptroller Stringer Demands Answers From Department of Sanitation

(New York, NY) — Today, New York City Comptroller Scott M. Stringer sent a letter to the Department of Sanitation (DSNY) following reports of havoc throughout the city due to poor preparation and an insufficient response to snow conditions. In a city that routinely experiences heavy snowfalls each year, there is no reason that six inches of snow should have caused problems as severe as school buses taking more than 10 hours to bring kids home. New Yorkers need a full and...
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Comptroller Stringer: Unemployment Continued to Fall as City’s Economy Steadily Grew

(New York, NY) — New York City’s economy experienced moderate growth as unemployment continued to fall to record-low levels in the third quarter of 2018, according to an economic update released today by New York City Comptroller Scott M. Stringer. “The numbers here show that New York City’s economy continues to be strong yet we still have improvements to make. While more New Yorkers are working than ever before, new jobs are concentrated in low-wage industries, preventing them from achieving economic security,” said Comptroller...
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Comptroller Stringer Statement on Facebook’s Newest Scandal

(New York, NY) – In response to the revelation that Facebook's top executives withheld crucial information regarding Russian interference from the company's board of directors and the public, New York City Comptroller Scott M. Stringer, the custodian and fiduciary to the NYC Pension Funds, released the following statement: “Renegade executives who are focused only on growth regardless of the risks — and withhold information from the board — put their company, shareholders, and in Facebook’s case, our democracy in jeopardy. “A company...
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Statement from Comptroller Stringer on Amazon HQ2

“In exchange for the promise of thousands of new jobs and local investments in Long Island City, Amazon brokered a deal to potentially receive nearly three billion dollars in incentives from the City and State. They also get to bypass the local rezoning process for their proposed site that significant construction projects like Hudson Yards and Cornell Tech had to face. “It is clear that this is a good deal for Amazon, but it must also benefit the countless New...
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Comptroller Stringer and Open to All Launch National Partnership with Elected Officials and Businesses to Fight Discrimination

(New York City, NY, November 13, 2018)— In an expansion of a nationwide public education campaign, New York City Comptroller Scott Stringer and Open to All today announced the launch of a taskforce of elected leaders from around the country, as businesses from all over New York City commit to serving everyone on equal terms, regardless of who they are. Open to All is a coalition that unites leaders in business, civic engagement, and the non-profit sector across the United...
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Unsafe Sanitation: Comptroller Stringer Releases New Report on Commercial Waste Removal

(New York, NY) — Today, Comptroller Stringer released a concerning new report, Unsafe Sanitation: An Analysis of the Commercial Waste Industry’s Safety Record. The analysis examines safety inspection and traffic records relating to the commercial garbage industry. The report shows how aging truck fleets, failed vehicle inspections, and traffic violations among 273 commercial waste haulers compromise public safety. “There must be a comprehensive and transformative solution to fix the commercial waste industry. Commercial garbage trucks are overrunning our communities, choking the...
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