Archives
Annual State of the City’s Economy and Finances
I. Executive Summary The Comptroller’s annual assessment of New York City’s economy and municipal finances – mandated by the City Charter – is an opportunity to gain perspective on the past year’s economic and fiscal developments and to formulate the... Read More
Dec 15, 2023
Annual Report on Capital Debt and Obligations
A Message from the New York City Comptroller Dear New Yorkers, I am pleased to release my office’s Annual Report on Capital Debt and Obligations for FY 2023, part of our commitment to help ensure New York City’s long-term thriving... Read More
Dec 1, 2023
Spotlight: School Budget Update
Introduction As children and teachers returned to their classrooms this month, their principals were busy working to determine how to best meet the needs and challenges of their schools, amidst shifting student populations, higher teacher turnover in NYC and nationally,... Read More
Sep 12, 2023
Raising Revenues
Introduction As New York City moves into the post-pandemic future, it must rise to face new challenges in order to secure a thriving and inclusive future, and remain the greatest city in the world. The City is on solid financial... Read More
May 23, 2023
Understaffed, Underserved
Introduction Employee retention and recruitment for City agencies continue to be areas of concern as the City of New York engages in the annual cycle of setting the City’s financial priorities. As a follow-up to December’s report, Title Vacant, the... Read More
Mar 6, 2023
Comments on New York City’s Preliminary Budget for Fiscal Year 2024 and Financial Plan for Fiscal Years 2023 – 2027
I. Executive Summary The City’s fiscal outlook differs significantly from that depicted in the Preliminary Budget and Financial Plan released by the NYC Office of Management and Budget (OMB) on January 12, for three main reasons. First, on February 17... Read More
Mar 6, 2023
Letter from Comptroller Lander to Department of Financial Services Regarding Governance and Financial Management at BERS
Comptroller Brad Lander sent a letter to the state Department of Financial Services requesting a review of governance and financial management oversight by the Board of Trustees of the Board of Education Retirement System.
Feb 10, 2023
Comments on New York City’s Executive Budget for Fiscal Year 2023 and Financial Plan for Fiscal Years 2022-2026
I. Executive Summary The City of New York is at a pivotal fiscal moment. Tax revenues for the current fiscal year are coming in far above projections, yielding a substantial surplus; however, neither the Mayor’s Office nor the Comptroller’s Office... Read More
May 24, 2022
Agency Watch List
Mar 23, 2022
Making the Grade
Oct 18, 2021
Comments on New York City’s Fiscal Year 2022 Adopted Budget
Executive Summary In the year since the June 2020 plan was released in the midst of the pandemic, both the national and local economic outlooks have improved dramatically. The economy grew at an annualized rate of 6.5 percent in the... Read More
Aug 3, 2021
Comments on New York City’s Preliminary Budget for Fiscal Year 2022 and Financial Plan for Fiscal Years 2021 – 2025
I. Executive Summary Since the November Plan, there have been several positive developments which have implications for both the economic recovery and the City’s fiscal outlook. In December, Congress approved a second round of stimulus payments, renewed the Paycheck Protection... Read More
Mar 2, 2021
NYC Quarterly Economic Update
Overview NYC Economic Growth Accelerates Private-Sector Hiring Growth Accelerates Unemployment Rate Remains Near Record Lows Strong Growth in Wages and Earnings New Commercial Leasing Strong But Vacancy Rates Rise Due to New Construction Residential Real Estate Sales Fall in Manhattan,... Read More
Mar 6, 2020
Affordability Index
Introduction Understanding and tackling New York City’s escalating affordability crisis is one of our most important priorities. That’s why we created the NYC Affordability Index. With this new tool, the office of New York City Comptroller Scott M. Stringer sought... Read More
Jun 19, 2019
