New York, NY — New York City Comptroller Mark Levine’s annual review of City Minority and Women-owned Business Enterprise (M/WBEs) Procurement for Fiscal Year 2025 reveals persistent underperformance across city agencies. Despite the City’s goal to address historic inequities in City contracting, the City awards just $2.4 billion (5%) to M/WBEs. “New York City’s greatest resource is its diversity,” said New York City Comptroller Mark Levine. “When entrepreneurs of color and women are excluded from procurement, the City entrenches economic inequality, stifles innovation, and...
New York, NY – Today, New York City Comptroller Mark Levine, New York State Comptroller Thomas P. DiNapoli, the New York State Teachers’ Retirement System, and the New York State Insurance Fund announced the second annual Emerging Managers Week set for the week of February 9, 2026. More than 2,000 investment professionals participated in last year’s inaugural Emerging Managers Week, resulting in new relationships, which served as a direct reflection of the value of intentional collaboration to foster new opportunities to access...
New York, NY — New York City Comptroller Mark Levine issued the following statement after the release of Governor Kathy Hochul’s Fiscal Year 2027 (FY27) executive budget: “Governor Hochul’s executive budget balances investing in the programs that will address our affordability crisis while proactively protecting the essential social services that are being cut by the federal government. By increasing funding for Medicaid, child care, and school aid, New York will safeguard the health and education of millions of New York...
New York, NY — Today, New York City Comptroller Mark Levine announced that the City faces a $2.2 billion budget shortfall for FY2026 and a projected $10.4 billion gap for FY2027. This is the first time since the Great Recession that the City faces a budget shortfall of this magnitude this late in the fiscal year, presenting serious challenges for the City’s budget. Today’s analysis expands upon data from December 2025, and as part of the assessment, Comptroller Levine cited...
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