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Comptroller Stringer Economic Update: City’s Unemployment Rate Drops to Record-Low in Second Quarter of 2018

(New York, NY) — New York City’s economy continued to grow moderately during the spring of 2018, as gross city product grew 2.7% for the second consecutive quarter, according to an analysis of the City’s economic performance released today by New York City Comptroller Scott M. Stringer. Unemployment in New York City hit a historic low of 4.2% in the second quarter as private-sector job growth accelerated, adding 13,800 new jobs in April, May, and June of 2018. Fewer than half of new...
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Comptroller Stringer Equal Pay Initiative Drives Transparency at Eight Major US Companies

(New York, NY) — New York City Comptroller Scott M. Stringer and the New York City Pension Funds today announced that eight major U.S. insurance and healthcare companies will disclose new information on how they identify and eliminate gender pay disparities among their employees. In its second year, the Comptroller’s pay equity initiative calls on insurance and healthcare companies – which have the largest adjusted pay inequities of major US industries – to publicly commit to ending the gender pay gap...
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Comptroller Stringer Report: NYC Failing Working Black Women as Local Wage Gap is Wider than New York State and the U.S.

(New York, NY) — Today, ahead of Black Women’s Equal Pay Day on August 7th, New York City Comptroller Scott M. Stringer released an alarming analysisof Black women’s earnings in New York City that uncovers a wage gap higher than New York State and the entire U.S. The day of recognition—which is held each year on the day that a Black woman's earnings would "catch up" to a white man's from the previous year—would be held on October 3rd for Black women in NYC,...
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Comptroller Stringer Report: Local Residents Left Behind in Gentrifying Neighborhoods

(New York, NY) — Amid explosive economic growth across New York City, Comptroller Scott M. Stringer today released an updated 2018 edition of his “Neighborhood Economic Profiles” report finding that local residents in gentrifying neighborhoods are largely being left out of recent economic expansion. The analysis found that in the 24 neighborhoods identified as gentrifying, just one-third of net new jobs in these areas were filled by people of color, who represent the vast majority of local residents. To bridge the...
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Comptroller Stringer’s Office Goes the Extra Mile(s) to Reunite Immigrant Worker in Ecuador with Stolen Wages Earned in New York

(New York, NY) — This week, New York City Comptroller Scott M. Stringer returned over $40,000 in unpaid wages and interest to a worker from Ecuador who was cheated out of the legal prevailing wage by an unscrupulous contractor. While in New York, he was hired on ten City projects and should have been paid the prevailing wage – however, his employer broke the law, paying its workers less than they should have earned. With the help of the Ecuadorian Consulate...
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Comptroller Stringer and Community Leaders Organize for Halal and Kosher School Lunches

(New York, NY) — This week, New York City Comptroller Scott Stringer convened a diverse coalition of Jewish and Muslim leaders, community advocates and students to organize around expanding universal free school lunches to include kosher and halal food. The coalition met previously in May to review a pilot kosher and halal school lunch proposal prepared by the Comptroller’s office, and had their first major success when the City Council funded a pilot program in this year’s budget. The pilot program, spearheaded...
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Comptroller Stringer Releases Analysis of New York City’s Fiscal Year 2019 Adopted Budget

(New York, NY) – A one-time infusion of income tax revenues in FY 2018 helped the City balance the $89.16 billion Adopted Budget for Fiscal Year 2019, according to a report released today by New York City Comptroller Scott M. Stringer. The Comptroller’s report on New York City’s Fiscal Year 2019 Adopted Budget reiterates the need for long-term attention to the City’s out-year gaps and the need to align spending and revenue growth – as Comptroller Stringer renewed his call...
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Comptroller Stringer Statement on Speed Camera Expiration

“It is abhorrent that Senate Republicans have used the expiration of speed cameras in New York City school zones as their latest political ploy. Every second they waste, rather than reconvening and reauthorizing the program, puts our children at risk. We know these speed cameras save children's lives — there is no question about that. The only question for Senate Republicans now is this: have your morals expired, too?"
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Comptroller Stringer Announces Appointments of Interim Co-Heads of Private Equity in Bureau of Asset Management

(New York, NY) – New York City Comptroller Scott M. Stringer today announced the appointment of J. David Enriquez and Gabriel Morrow as Interim Co-Heads of Private Equity in the Bureau of Asset Management (BAM). These appointments are effective immediately. As Interim Co-Heads of Private Equity, Enriquez and Morrow will oversee the five NYC Retirement pension system’s (the System’s) over $12 billion private equity portfolio. Both Enriquez and Morrow currently serve as Senior Investment Officers for Private Equity in BAM....
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Comptroller Stringer: “ADA Transit Deserts” Leave 640,000 New Yorkers Stranded Without a Single Accessible Station in their Neighborhood

(New York, NY) — Today, New York City Comptroller Scott M. Stringer released a report, “Service Denied: Accessibility and the New York City Subway System.”  While New York's subway remains the most expansive in the country, roughly half of the neighborhoods served by the system – 62 out of 122 – are “ADA Transit Deserts,” meaning they lack a single accessible station. Inaccessibility places an undue economic strain on families, seniors, and the mobility-impaired. 55 of these neighborhoods are in the...
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Comptroller Stringer Statement On City Council Waste Equity Bill

“Every morning an army of garbage trucks overrun Brooklyn and Bronx communities, choking the air with smog and endangering our kids. Intro 0157 by Council Members Reynoso and Levin promises to bring equity to a system that currently places an unfair burden on low-income communities. I strongly support the waste equity bill and urge its passage.”
Press Releases & Statements

Comptroller Stringer: High Cost of Security Deposits Burden Working New Yorkers and Fuel Affordable Housing Crisis

(New York, NY) — New York City Comptroller Scott M. Stringer today called for sweeping changes to the way New York renters pay for security deposits, which have long served as a steep and unnecessary financial barrier and have intensified the city’s affordability crisis. The proposals stem from a first-of-its-kind report released by the Comptroller which showed that New York City renters sunk approximately $507 million into security deposits in 2016. The prohibitive cost of deposits can prevent struggling New Yorkers from moving...
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