Archives
Comments on New York City’s Preliminary Budget
I. Executive Summary The Mamdani administration’s inaugural budget is a significantly more transparent and accurate accounting of City expenditures than presented during the Adams administration. By recognizing billions in chronically underbudgeted costs, funding fiscal cliffs for recurring programs, and reflecting... Read More
Mar 11, 2026
New York City Quarterly Cash Report
Summary The City began fiscal year 2026 (FY26) with $12.229 billion in cash-on-hand, compared to $10.410 billion at the same time last year. During the first half of FY26, the City’s cash balances averaged $7.503 billion, compared to $8.949 billion... Read More
Mar 3, 2026
NYC’s Economy: Overview and Prospects
Introduction As 2025 draws to a close, we look at recent trends and developments in New York City’s economy as a guide to what we might expect for the year ahead and beyond. In this Spotlight report, we summarize economic... Read More
Dec 18, 2025
Annual State of the City’s Economy and Finances 2025
I. Executive Summary Over the past 11 months the Trump Administration has launched a relentless assault on the U.S. and New York City institutions and economies—including unpredictable shifts in trade policy, restrictive and cruel immigration enforcement, deep cuts to health... Read More
Dec 15, 2025
Popular Annual Financial Report (PAFR)
Popular Annual Financial Report Fiscal Year 2025 A Message from the New York City Comptroller Dear New Yorkers, It is my privilege to present the Popular Annual Financial Report (PAFR) for the City of New York, covering Fiscal Year 2025... Read More
Nov 24, 2025
Annual Comprehensive Financial Reports (ACFR)
In accordance with New York City Charter §93(l), the Annual Comprehensive Financial Report (ACFR) is published within four months after the close of each fiscal year. The financial and statistical tables in the ACFR are available for download. The ACFR... Read More
Oct 31, 2025
What Difference Does a Generation Make?
Introduction Americans often talk in terms of “generations” as we think about our demographics, our economic opportunities and outcomes, our attitudes, and more. The categories we often use—Baby Boomers, Gen X, Millennials, Gen Z—are arbitrary ones, of course, as things... Read More
Oct 17, 2025
Comments on New York City’s Executive Budget
I. Executive Summary The threats posed by the Trump Administration to New York City—its people, its economy, and its finances—have only intensified over the past several months. With its dizzying back and forth, and actual implementation of tariffs, the Trump... Read More
May 30, 2025
Annual State of the City’s Economy and Finances 2024
I. Executive Summary The state of New York City’s economy and finances is stronger than many would have predicted four years ago when the city was approaching the first holiday season of the COVID-19 pandemic and the last presidential transition.... Read More
Dec 15, 2024
Protecting New York City
Executive Summary On Tuesday, November 5th, Donald Trump was elected to serve as the 47th President of the United States. Unlike Trump in 2020, Vice President Kamala Harris accepted the results and conceded the election, supporting the peaceful transfer of... Read More
Nov 13, 2024
Letter on NYC Sheriff’s Overtime to Department of Finance
Preston Niblack Commissioner New York City Department of Finance 1 Centre Street, 5th Floor New York, NY 10007 Re: Report on the New York City Sheriff’s Office Overtime (Report Number FK24-093S) Dear Commissioner Niblack: The Comptroller’s Office has reviewed overtime... Read More
Sep 30, 2024
Comments on New York City’s Fiscal Year 2025 Adopted Budget
I. Executive Summary Just days before the start of the new fiscal year, the City Council and the Mayor agreed to a $112.43 billion FY 2025 Adopted Budget. This followed a tumultuous year of budget ups and downs. The swings were... Read More
Aug 15, 2024
A Stronger Fiscal Framework for New York City
Executive Summary At more than $110 billion annually, New York City’s operating budget is the largest municipal budget in the country by far, and is larger than the budgets of all but four states (NY, CA, TX, FL).[1] The City’s... Read More
Jun 7, 2024
How Much Is Enough?
Executive Summary New York City government’s statutory debt limit is set by the New York State Constitution. The City is permitted to incur indebtedness to execute its capital projects[1] up to a maximum tied by the State Constitution to a... Read More
Mar 14, 2024
Comments on New York City’s Preliminary Budget for Fiscal Year 2025 and Financial Plan for Fiscal Years 2024 – 2028
I. Executive Summary New York City’s “budget dance” can be hard to follow – and over the past few months, a few extra twists, turns, and two-steps have made it even more so. To get a clear sense of the... Read More
Mar 4, 2024
Annual Summary Contracts Report for the City of New York
A Message from the New York City Comptroller Dear New Yorkers, I’m pleased to share the Annual Summary Contracts Report, covering Fiscal Year (FY23). Contracting is how the City meets many of our goals and provides services to New Yorkers.... Read More
Jan 30, 2024