New York, NY – Today, several long-term Starbucks Corporation (SBUX) investors launched a campaign to urge shareholders to vote against the re-election of Starbucks Lead Independent Board Director Jørgen Vig Knudstorp and Chair of the Nominating and Corporate Governance Committee Beth Ford for failed labor relations oversight at the company’s upcoming annual shareholder meeting. Absent a constructive relationship between Starbucks and its unionized workforce, the investors note that the company may be unable to sustain its turnaround. While recent improvement...
New York, NY – New York City Comptroller Mark Levine released a statement on Mayor Zohran Mamdani’s Preliminary Budget proposal for Fiscal Year 2027. “Mayor Mamdani has proposed a budget that honestly and transparently lays out the scale of our challenges, notably ending the long-running practice of underbudgeting for known, fast-growing expenses. The picture that this honest accounting paints is stark. "Our city is under the greatest fiscal strain since the Great Recession, despite a strong economy and record revenues from Wall Street. We are legally required to balance our budget, but it will not be easy. Even the...
A Message from the Comptroller Dear New Yorkers, Budget season is in full swing and I just returned from Albany, where I testified about the state of the City’s finances, the significant challenges we currently face, and the urgent need for greater investment in New York City through State funding. As you’ve likely heard, the City faces a multi-billion-dollar budget gap in the next two years. It’s not all doom and gloom, however; revenue is high and revised tax receipts...
New York, NY – New York City Comptroller Mark Levine delivered testimony at the New York State Senate Finance and Assembly Ways and Means Committees joint hearing on the Executive State Budget proposal. Comptroller Levine's testimony as prepared for delivery is below here: Good afternoon, Chair Krueger, Chair Pretlow, and Members of the Finance, Ways and Means, and Cities Committees. Thank you for the opportunity to testify today. I am pleased to be here with my partner in government, City Council...
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