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Stringer Report Finds Students Too Often Have No Place to Turn Amid Rising Bullying in Schools

(New York, NY) — New York City Comptroller Scott M. Stringer today released a new report outlining the stark state of mental health and social services in our public schools, and data that illustrates a rise in bullying among City students. Comptroller Stringer’s new report, “Safe and Supportive Schools: A Plan to Improve School Climate and Safety in NYC,” presents a review of current data related to school safety – including a jump in bullying, and an alarming level of arrests...
Press Releases & Statements

Following SCOTUS CakeShop Ruling, Comptroller Stringer Announces New Non-Discrimination Evaluation for Investment Managers Seeking To Do Business with NYC Pension Funds

(New York, NY) — Comptroller Scott Stringer announced today the Bureau of Asset Management (BAM) will now inquire about prospective fund managers’ commitment to maintaining non-discrimination policies and best practices as part of recommending them to the City’s pension boards for approval. The announcement comes after the Supreme Court ruled in favor of a Colorado baker who refused to create a cake to celebrate the marriage of a same-sex couple based on a religious objection. BAM serves as the investment...
Press Releases & Statements

Comptroller Stringer Statement on NYCHA Settlement

"With the impending appointment of a federal monitor and dedicated City funding, NYCHA now has the chance to get this right after decades of disinvestment and mismanagement.  But to ensure the monitor will be successful, here’s what needs to happen: we must overhaul the Authority from top to bottom. NYCHA needs a single executive leader with a clear mandate and accountability, not today’s divided board structure with a Chair and General Manager operating as separate fiefs. NYCHA needs a modern...
Press Releases & Statements

Comptroller Stringer Appoints Chavon Sutton as Director, Diversity & Inclusion in Bureau of Asset Management

(New York, NY) — New York City Comptroller Scott M. Stringer today announced the appointment of Chavon Sutton as Director, Diversity & Inclusion – a newly created position within the Bureau of Asset Management. Reporting directly to the Chief Investment Officer and working closely with the Bureau of Asset Management (BAM) staff, the Director, Diversity & Inclusion will support BAM’s efforts to expand engagement with and utilization of Minority and Women-owned Business Enterprises (MWBE) and emerging manager firms for the...
Press Releases & Statements

Comptroller Stringer Releases New “Affordability Index” to Monitor Escalating Affordability Crisis

(New York, NY) – New York City Comptroller Scott M. Stringer today released a new first-of-its-kind tool for examining how the City’s mounting affordability crisis strains the everyday lives of representative New Yorkers. The new “Affordability Index” specifically tracks how much money New York City households have left over after taxes and basic expenses – money which they could use to save for retirement, pay for college expenses, or just take a family vacation – which the index finds has...
Press Releases & Statements

Comptroller Stringer Debars Bronx Contractor for Stealing Over $120,000 in Prevailing Wages from Immigrant Workers

(New York, NY) — Today, New York City Comptroller Scott M. Stringer announced Globe Gates, Inc., a Bronx-based contractor which does business as Global Overhead Doors, its owner and president Agostinho Tome, and his related corporate entity Global Iron Works, Inc. have been debarred from public works in the State of New York for their willful failure to pay prevailing wages to their workers and for the falsification of payroll records. The $143,000 settlement with Globe Gates provides for payment of...
Press Releases & Statements

Comptroller Stringer Announces Chief Investment Officer Scott Evans Will Leave Position at End of Fiscal Year

(New York, NY) — Today, Comptroller Stringer announced that Scott C. Evans, the chief investment officer of the New York City Pension Funds for the last four years, has asked to step down from his role with the $194 billion systems at the end of this fiscal year, on June 29, 2018. The NYC Retirement System, composed of five funds, constitutes the fourth largest public pension fund in the nation. With this announcement, New York City Comptroller Scott Stringer named Alex...
Press Releases & Statements

New Stringer Report: 90% of City Contracts for Human Services Submitted Late for Registration, After the Contract Start Date

(New York, NY) — Today, New York City Comptroller Scott M. Stringer released a new report that found pervasive delays in the City’s contracting system, particularly for human services contracts where 90.8 percent were submitted late for registration in Fiscal Year 2017 – half of them by six months or more. Moreover, all contract types had extensive delays – 81 percent of new and renewal contracts across all City agencies were submitted late in FY 2017. The report highlighted “Type 70”...
Press Releases & Statements

Statement from Comptroller Stringer on the Passing of Herman “Denny” Farrell, Jr.

“For more than 40 years, Herman "Denny" Farrell served New York with unparalleled grace and integrity, as an Assemblymember and as a proud, big-D Democrat who never wavered in his commitment to lifting people up. “As someone who knew him since the age of 16, he was the ultimate mentor to me throughout my life, as he was for so many others. New York lost a giant in the passing of Denny Farrell, but he leaves behind a legacy of...
Press Releases & Statements

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 its 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...
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