"The Charter Revision Commission has taken a significant step toward strengthening New York City’s Rainy Day Fund by advancing a proposal for voters to consider in November. This is an important milestone, and we look forward to working through the remaining policy details to ensure the final measure gives the City the strong fiscal safeguards it needs. "For months, my office has advocated for a stronger Rainy Day Fund, because preparing before the next crisis is one of the smartest...
A Message from the Comptroller Dear New Yorkers, Stop me if you’ve heard this one before: rents in New York City have hit an all-time high. Housing affordability remains a major challenge across the country, and nowhere is that more evident than here in New York City. Constrained housing production and rising costs have created a perfect storm, pushing the City’s affordability crisis to new extremes. In this month’s New York by the Numbers, we see an economy that has...
New York, NY — The Office of New York City Comptroller Mark Levine today released a first-of-its-kind Late Contracts Dashboard, providing the public with a real-time view of key performance indicators on contract registration delays, a key contributor to late payment issues for nonprofits. This is part of the Office’s commitment to government transparency and accountability, and addressing longstanding challenges nonprofits and human service vendors have faced getting paid on time. “Nonprofits provide many of the vital services New Yorkers regularly rely upon – but the City’s delays in the contract registration process means we are pushing them to the brink — forcing them to wait for months, if not years, to...
Chair Gaspard and members of the Commission, thank you for the work you have undertaken and for the opportunity to testify. Last month, I testified regarding adopting clear rules for the Revenue Stabilization Fund, commonly known as the Rainy Day Fund. I was excited to see the topic included in this Commission’s Preliminary Report, and in particular am grateful that this board appreciates the need for ensuring there is a clear target and deposit rules. Today in my I want...
Explore the Comptroller's data transparency initiatives for government accountability.
