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Comptroller Stringer Releases Annual Report on NYC Economic and Fiscal Outlook

(New York, NY) — New York City Comptroller Scott M. Stringer today released an annual analysis of the City’s economic and financial position, as required by the City Charter, finding the overall economic outlook for New York City remains strong. The report analyzes a series of economic indicators as well as the City’s November 2018 Financial Plan – which includes budget projections into FY 2022. To read Comptroller Stringer’s full analysis of the November Plan, click here.
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Comptroller Stringer, NYC Funds Call on Portfolio Companies to Immediately End Exploitative Labor Practices

(New York, NY) — Comptroller Stringer and the NYC Funds today announced a call for CBS and Alphabet to end “Inequitable Employment Practices” that force employees to relinquish their ability to challenge unlawful discrimination and harassment. As CBS and Alphabet, the parent company of Google, continue to face widespread employee criticism over hostile workplace issues – including public lawsuits and mass employee walk-outs, the shareholder proposal announced today and submitted to both companies targets a slate of damaging practices with wide-ranging impacts...
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Comptroller Stringer Issues Letter Calling For Comprehensive Review of Policies at HRA Centers

(New York, NY) — In response to the disturbing and violent arrest of Jazmine Headley at the Fort Greene Supplemental Nutrition Assistance Program (SNAP) center in Brooklyn, Comptroller Stringer issued the following letter to Commissioner Steven Banks of the New York City Department of Social Services. The letter reads as follows: Like many New Yorkers, I am profoundly disturbed by the videos and eyewitness accounts that have surfaced of the violent arrest that occurred at the Fort Greene Supplemental Nutrition Assistance Program (SNAP) center...
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Comptroller Stringer Urges Department of Homeland Security to Rescind Public Charge Rule

(New York, NY) — Today, New York City Comptroller Scott M. Stringer sent a letter to the U.S. Department of Homeland Security in response to the Trump administration's public charge proposal that would make it harder for immigrants to obtain a green card or visa if they have used public benefits, including SNAP, public housing, and Medicaid. "Altogether, it is clear the proposed rule is simply the administration’s latest attempt to scapegoat immigrants to line other people’s pockets, and is unmistakably consistent with...
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Comptroller Stringer Appoints Alex Doñé as New Chief Investment Officer of the Bureau of Asset Management

(New York, NY) — Following a nationwide search led by the executive search firm Korn Ferry, New York City Comptroller Scott M. Stringer announced today the appointment of Alex Doñé as the Deputy Comptroller of the Bureau of Asset Management (BAM) and Chief Investment Officer, effective immediately. In this role, Doñé will spearhead the Comptroller’s responsibilities as investment advisor to the five New York City Retirement Systems, which make up the fourth largest public pension fund in the United States with over...
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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,...
Press Releases & Statements

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...
Press Releases & Statements

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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