Office History
The Office of the New York City Comptroller is an independent branch of New York City's government, led by an independently-elected citywide official: the Comptroller. With a rich history dating back to 1801, the Office has impacted the financial and social landscape of New York City, serving as the chief financial officer and chief auditor for the city. Its continued role is critical in ensuring the financial health, integrity, and accountability of New York City government.
Historical Events
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The Office of the Comptroller was created, and the City Council charged with appointing a Comptroller.
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New York City’s Department of Finance was established, with the Comptroller serving as its head.
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The Comptroller’s powers were expanded to include the creation of the City’s budget. Comptroller Talman J. Water produced the city’s first budget.
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The Comptroller turned into an elected position with two-year terms.
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The term of a Comptroller was extended from two years to four years.
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The creation of the City’s budget was made the responsibility of both the Mayor and Comptroller.
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The “Reform Charter” of 1873 significantly expanded the powers of the Comptroller. It stipulated that the Comptroller would once again become an appointed position, but now by the mayor. It also made the Comptroller financial officer of all city departments, except for police.
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The Comptroller was reinstated as an elected position.
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The consolidation of the five boroughs into New York City occurred, expanding the scope of the Comptroller’s office even further.
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The Office of the Comptroller became its own City agency. The Department of Finance remained intact but with the City’s treasurer at its head and with substantially reduced powers. This year was also the last time a Republican was elected Comptroller.
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A new charter added the Comptroller to the Mayoral line of succession after the President of the City Council.
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Abraham Beam is sworn in as Mayor of New York City. To this day, Beame is the only Comptroller to be elected Mayor.
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Elizabeth Holtzman is elected Comptroller, the first women to hold any citywide office in New York City.
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William Thompson is elected Comptroller, the first Black person to hold the seat.
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John Liu is elected Comptroller, the first Asian person to hold the position or any citywide office in New York City.
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