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Monthly Economic Newsletter No. 113

A Message from the Comptroller Dear New Yorkers, This week, Mayor Mamdani unveiled a $124 billion executive budget that avoids raiding the City’s reserves and is made possible, in no...

May 14, 2026 | Newsletter
NYC Comptroller Levine, State Comptroller DiNapoli, and CalPERS CEO Marcie Frost Raise Alarm on Reports of Proposed SpaceX...

New York, NY — New York City Comptroller Mark Levine, alongside New York State Comptroller Thomas P. DiNapoli and California Public Employees’ Retirement System CEO Marcie Frost, in a joint...

May 14, 2026 | Press Releases & Statements
New York City Comptroller Mark Levine Statement on FY2027 Executive Budget Proposal

New York, NY – New York City Comptroller Mark Levine issued the following statement on the Fiscal Year 2027 Executive Budget proposed today by Mayor Mamdani.  “I commend Mayor Mamdani for...

May 12, 2026 | Press Releases & Statements
‘Master Agreements’ Used for Billions in Spending with Little Transparency

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...

May 6, 2026 | Press Releases & Statements
Comptroller Levine Reports Over $1 Million in Recovered Back Wages in First Four Months of Term

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...

April 30, 2026 | Press Releases & Statements
NYC Comptroller Mark Levine Releases Comprehensive Estimation of a Potential Pied-à-Terre Tax and Highlights Key Variables

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...

April 30, 2026 | Press Releases & Statements
NYC Comptroller Levine Announces Progress Made on Pension Efforts to Reduce Carbon Footprint and Reach Net Zero Greenhouse...

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...

April 24, 2026 | Press Releases & Statements
Comptroller Levine Issues Report on Funding and Managing NYC’s Urban Forest and Tree Canopy

New York, NY — Comptroller Mark Levine today released New York City’s Living Infrastructure, a report that outlines the financial, environmental, health and resiliency benefits of a robust urban tree canopy, and strategies to better maintain, grow and fund it.  “New York...

April 23, 2026 | Press Releases & Statements
NYC Schools Make Gains on Composting but Lag Behind on Food Waste, Comptroller Finds

New York, NY — A review by the Office of the New York City Comptroller released today found that while the public school system has made progress in composting food, only about one-third of...

April 21, 2026 | Press Releases & Statements
NYC Comptroller Mark Levine Launches the NYC Housing Investment Initiative, A $4 Billion Commitment to Finance Housing Across...

New York, NY – Today, New York City Comptroller Mark Levine unveiled a $4 billion commitment to strategic investments in affordable housing production and preservation through a new initiative titled...

April 16, 2026 | Press Releases & Statements
New York by the Numbers Monthly Economic and Fiscal Outlook No. 112 – April 2026

A Message from the Comptroller Dear New Yorkers, This month’s New York by the Numbers illustrates what economists describe as a “low-hire, low-fire” economy. Hiring outside of the health sector...

April 14, 2026 | Newsletter
NYC Comptroller Levine Presents Strategy to Strengthen Rainy Day Fund, Urges Immediate Adoption 

New York, NY — Comptroller Mark Levine today issued a proposal for the City of New York to create a framework for its major “rainy day fund,” including a targeted balance, regular replenishment, and stronger...

April 9, 2026 | Press Releases & Statements
Comptroller Review Finds City’s Small Business Forward Program Failed to Cut Red Tape or Limit Fines

New York, NY — A new review conducted by auditors of New York City Comptroller Mark Levine found the Small Business Forward program, aimed at easing regulatory and financial burdens on small businesses...

April 8, 2026 | Press Releases & Statements
Monte Tarbox Selected as Chief Investment Officer for the Office of the New York City Comptroller’s Bureau of...

New York, NY — Today, New York City Comptroller Mark Levine announced his appointment of Monte Tarbox as Chief Investment Officer for the Office of the New York City Comptroller’s Bureau...

March 31, 2026 | Press Releases & Statements
Statement from NYC Comptroller Levine on Fitch Ratings and Kroll Bond Rating Agency Revising the City’s Outlook to...

New York, NY – New York City Comptroller Mark Levine released the following statement in response to Fitch Ratings and Kroll Bond Rating Agency (KBRA) revising the City’s outlook from stable to negative. “A negative outlook from...

March 20, 2026 | Press Releases & Statements
New York by the Numbers Monthly Economic and Fiscal Outlook No. 111 – March 2026

A Message from the Comptroller Dear New Yorkers, New York City must pass a balanced budget by June 30 and as you've probably heard, this year’s negotiations are especially complex....

March 19, 2026 | Newsletter
$306.18 billion
Mar
2026