New York, NY — New York City Comptroller Mark Levine issued the following statement on the Mayor’s November Financial Plan: “The November update emphasizes the extent to which our budget relies on Wall Street surging. Tax revenues driven by Wall Street exceeded projections by nearly $1 billion in the first quarter alone, but the City faces a budget gap of more than $6 billion in Fiscal Year 2028. The City has much more work to do to achieve meaningful savings...
New York, NY — The Office of New York City Comptroller Mark Levine today announced a new feature of the Late Contract Dashboard that tracks when the City issues first payments to vendors relative to the start of their contracts. The expanded dashboard provides greater transparency into payment delays that can create financial hardship for nonprofits and other service providers. The Late Contract Dashboard was launched in July, after a nonprofit roundtable held earlier this year in which the Comptroller...
New York, NY — New York City Comptroller Mark Levine today announced that his office has registered more than 1,100 of the early childhood education contracts in record time. These contracts, all received after July 1, help ensure that hundreds of providers receive timely payments for the delivery of vital services to families across the five boroughs. Even though the Department of Education had been unable to submit the vast majority of these contracts before the start of the school...
New York, NY – The Office of New York City Comptroller Mark Levine issued the Annual Comprehensive Financial Report (ACFR) for the fiscal year ending June 30, 2026. The report contains the City’s audited financial statements, providing the public and policymakers with a detailed assessment of the City’s fiscal performance. This year’s report comes amid growing economic uncertainty in the near-term, due in part to the rapid adoption of artificial intelligence (AI), changes in federal economic policy, stricter immigration enforcement,...
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