New York, NY — New York City Comptroller Mark Levine and the trustees of the five New York City retirement systems (Systems) today announced an aggregate 13% investment return net of fees across the five Systems for the fiscal year ending June 30, 2026. The Systems are now valued at $326.3 billion, reflecting strong performance amid a complex investment landscape marked by evolving trade policy, persistent inflation, geopolitical uncertainty, and continued investment in artificial intelligence. The past fiscal year’s performance surpasses...
Good morning. I'm grateful to join Governor Hochul, Mayor Mamdani, Comptroller DiNapoli, former Comptroller Bill Thompson and board members Marjorie Henning and Kathryn Wylde. It’s great to see all of you, and thank you for the opportunity to share my Office's assessment of New York City's Fiscal Year 2027 Adopted Budget. Let me begin by acknowledging that Mayor Mamdani and his administration have taken important steps to provide a more honest and accurate picture of the City's finances than we have seen in recent years, in particular by largely ending...
New York, NY — The Office of New York City Comptroller Mark Levine today issued a new review of the City’s ATWORK program, which for nearly a decade has supported people with disabilities across the five boroughs to enter the workforce through job placement and other employment services. The review found that while ATWORK has successfully provided these services to hundreds of New Yorkers, its impact has been limited by fragmented resources and insufficient data tracking. To strengthen the program and expand its reach, the report recommends expanding resources, improving performance tracking, and removing barriers to employment so the program can connect more New Yorkers with disabilities to jobs. “Every New Yorker deserves the opportunity to find meaningful work,...
New York, NY — A new audit by the Office of Comptroller Mark Levine found New York City Public Schools (NYCPS) failed to collect as much as $431.6 million in Medicaid reimbursements over three fiscal years for a host of services for students with disabilities. In many cases, auditors found NYCPS did not claim hundreds of millions of dollars in reimbursements, and in many cases it did not appear to document mandatory services provided to these students. “Failing to collect Medicaid reimbursements the City is entitled to is more than a fiscal problem — it raises serious questions about whether government is operating as effectively...
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