New York, NY — Comptroller Mark Levine today issued a new report examining the effectiveness and transparency of “Master Agreements” deployed over the last four years to swiftly purchase goods and services. Agencies employ “Master Agreements” when there is an anticipated need in the future, but don’t yet know how much or how often they’ll need to make purchases. The findings illustrate a greater need to reform New York City’s “Master Agreements,” which have been found to often stretch past their estimated values. “New Yorkers must be able to trust that...
New York, NY — New York City Comptroller Mark Levine today announced the Bureau of Labor Law (BLL) has settled five cases, recovering over $1 million for workers to whom companies owe back wages and interest, as well as civil penalties for the City of New York, since his term began in January. Among the cases settled in Comptroller Levine’s first four months include a joint investigation between his office and the New York City Parks Department for underpayment of prevailing wages and supplemental benefits...
New York, NY — The Office of New York City Comptroller Mark Levine today released The Pied-à-Terre Tax and Its Potential Revenues, a detailed analysis and estimation of potential revenues that could be collected from high-value second homes. The report found that as much as $510 million could plausibly be raised annually, but a number of substantial variables in the design, implementation, and enforcement of the program could result in the estimate falling to between $340 million and $380 million. “As we continue to work toward budget agreements at the City and State levels, it’s imperative that government leaders, advocates and New Yorkers know how major...
New York, NY – Today, New York City Comptroller Mark Levine released the Fiscal Year 2025 Annual Climate Reports for three of New York City’s public pension systems. The report highlights meaningful progress in the Systems’ efforts to advance a net zero economy. Between 2019 and 2025 there was a 48.13% weighted average reduction in Scope 1 and 2 greenhouse gas emissions for the New York City Teachers’ Retirement System (TRS), Employees’ Retirement System (NYCERS) and Board of Education Retirement System (BERS). The strong decline in financed...
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