Racial, gender, and disability inequities have long been pervasive in New York City – in housing, education, good jobs, access to capital, public safety, health care, income, and wealth. An analysis by the Comptroller’s office in 2023 revealed that the median net worth of white households in New York was $276,900. For black households, it was $18,870; for Latino households, $12,150.
Equity and inclusion are not only a matter of justice. When New York City fails to equitably serve its residents, all residents foot the bill. Evidence shows that narrowing disparities can yield a “solidarity dividend,” through better educational outcomes, improved public safety, and greater economic vitality that benefits all residents. Advancing equity is not only a moral imperative, but an economic one.
The Office of the Comptroller therefore frequently brings an “equity lens” to our work to promote the financial health, integrity, and effectiveness of New York City government. Through audits, budget and policy reports, procurement analysis, prevailing wage enforcement, and community engagement, we identify potential impacts on institutionally under-served and marginalized individuals and groups, and develop recommendations to eliminate those barriers.