New York, NY — The Office of New York City Comptroller Mark Levine today released A Framework for NYPD Structural Reform: An Analysis and Accountability Plan for Overtime Spending, Controls, and Risk. The NYC Comptroller’s Office estimates uniform spending at approximately $890 million for FY 2026 which would be the third-highest year on record, behind only FY 2024 and FY 2025. The report examines the driving causes of recurring uniformed overtime. "Overtime spending has been a clear cost the NYPD wants to rein in, especially as New York City seeks to reduce recurring expenses in light of projected budget gaps,” said City Comptroller Mark Levine. “Overtime should be used...
New York, NY — The Office of New York City Comptroller today released Who’s Minding the Storefront? An Analysis of Storefront Vacancies, a comprehensive assessment of storefront vacancies across the five boroughs. While the citywide vacancy rate is improving, the study found recovery since the COVID-19 pandemic has been uneven, with as much as 20% of storefronts in some neighborhoods sitting empty. "Retail storefront occupancy is a key indicator of the economic health, vibrancy, and strength of a neighborhood, as well as our entire city,” said City Comptroller Mark Levine. “This report gives us a...
New York, NY– The New York City Comptroller’s Office today announced a new partnership with Hebrew Free Loan Society (HFLS) to expand access to zero-interest loans for small businesses across the five boroughs—providing critical support for neighborhood entrepreneurs who continue to face barriers to affordable capital. Hebrew Free Loan Society is one of New York City’s oldest nonprofit lenders, founded in 1892 to provide interest-free loans to New Yorkers in need of access to safe capital. Today, HFLS, a nonsectarian...
New York, NY — New York City Comptroller Mark Levine today issued a new report that examines the possible impacts artificial intelligence (AI) could have on New York City’s economy, providing the first local assessment of how this rapidly advancing technology could profoundly impact jobs, wages, tax revenue, and key industries. Comptroller Levine said the risk posed by AI in the next few years requires the City to bring the Revenue Stabilization Fund (the “rainy day fund”) to 16% of tax revenues. Currently the rainy day fund and the Retiree Health Benefit Trust hold 8.5% of projected Fiscal Year 2026 tax revenues. “There is no city in America more exposed to both the promise and peril of artificial...
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