A Message from the Comptroller Dear New Yorkers, Budget season is in full swing and I just returned from Albany, where I testified about the state of the City’s finances, the significant challenges we currently face, and the urgent need for greater investment in New York City through State funding. As you’ve likely heard, the City faces a multi-billion-dollar budget gap in the next two years. It’s not all doom and gloom, however; revenue is high and revised tax receipts...
New York, NY – New York City Comptroller Mark Levine delivered testimony at the New York State Senate Finance and Assembly Ways and Means Committees joint hearing on the Executive State Budget proposal. Comptroller Levine's testimony as prepared for delivery is below here: Good afternoon, Chair Krueger, Chair Pretlow, and Members of the Finance, Ways and Means, and Cities Committees. Thank you for the opportunity to testify today. I am pleased to be here with my partner in government, City Council...
New York, NY – New York City Comptroller Mark Levine called for a third-party human rights risk assessment at Palantir Technologies, Home Depot and Lowe’s in light of concerns about the potential civil rights implications of each company’s activities and practices. Ongoing news reports have underscored the risks these potential activities could pose to each company’s long-term shareholder value. In the letter to the Palantir Board of Directors, Comptroller Levine requested an independent assessment of its ongoing work with the...
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...
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