New York, NY — New York City Comptroller Mark Levine reached a settlement with 1237 Myrtle Holding LLC, Kai Management LLC, and Ground Support Services LLC for prevailing wage violations regarding 14 building service workers over the course of three years. The settlement payments total $419,000, including back wages and benefits, civil penalties, and interest. 1237 Myrtle Holding LLC is the owner of the building at 960 Willoughby Avenue in Brooklyn – a building with 87 residential units receiving a 15-year...
New York, NY — New York State Comptroller Thomas P. DiNapoli, as trustee of the New York State Common Retirement Fund, New York City Comptroller Mark Levine, on behalf of four of the New York City pension funds, and the Trillium Asset Management ESG Global Equity Fund have filed a shareholder proposal at Starbucks’ (NASDAQ: SBUX) in advance of the company's 2027 annual meeting of shareholders. The proposal asks the Board of Directors to reestablish the Environmental, Partner, and Community...
A Message from the Comptroller Dear New Yorkers, Fall is here and the economy is showing some signs of momentum. In this month’s New York by the Numbers, we look at a national economy that appears to be picking up steam. After growing at a modest 1.5% annual rate in the second quarter, GDP growth is expected to have accelerated in Q3, driven largely by business investment. The labor market also delivered some welcome news: private-sector job growth, though still...
New York, NY – During his first Climate Week as New York City Comptroller, Comptroller Mark Levine announced that he is recommending a strategic expansion in private markets climate solutions investments for three of the City’s public pension funds. The Comptroller’s Office’s Bureau of Asset Management expects to present a total of $5 billion in new private market investment opportunities to the boards of the New York City Teachers’ Retirement System (TRS), Employees’ Retirement System (NYCERS) and Board of Education...
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