New York, NY — New York City Comptroller Brad Lander released a statement on the decision by trustees of the New York City Employees’ Retirement System (NYCERS) to table his recommendation to rebid BlackRock’s U.S. public equities index mandates and terminate that of active manager Fidelity following an evaluation of their decarbonization plans. During today’s monthly investment meeting, Comptroller Lander reiterated his call for these changes to the Systems’ portfolios, and proposed that the trustees vote on these motions. The...
New York, NY — In a new audit and accompanying policy report, New York City Comptroller Brad Lander exposed the dire state of citywide school bus services and urged City Hall to address a failing system plagued by chronic lateness, missed routes, and a lack of accountability that underserves children experiencing homelessness, and disproportionately impacts students with disabilities. New York City Public Schools, the largest school system in the United States, transports over 145,000 public, charter, and private school students...
New York, NY – In the Annual Report on the State of the City’s Economy and Finances, New York City Comptroller Brad Lander outlines the fiscal challenges confronting the City at a moment when the Trump Administration is pursuing sweeping federal funding cuts that pose significant risks ahead. The report details how years of chronic underbudgeting have contributed to a $2.18 billion budget gap in Fiscal Year (FY) 2026, even before accounting for these looming federal threats. The Comptroller’s Office...
New York, NY — Under resourced New York City Public Schools are facing a growing youth mental health crisis, according to a new report from New York City Comptroller Brad Lander. With close to 40% of New York City high school students reporting persistent sadness or hopelessness, Comptroller Lander’s report finds that fragmented funding, severe workforce shortages, and uneven access to care prevent the New York City Public Schools from adequately addressing this public health emergency. “After decades of underinvestment...
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