Archives
New York City Cash Balance Projection June 1, 2025
The City’s economy has remained stable despite ongoing challenges brought by the new federal administration, including tariff uncertainty, reduced immigration, and federal spending cuts and pauses. During the first three quarters of FY 2025, the City collected $105.567 billion in... Read More
Jun 4, 2025
New York City Quarterly Cash Report
Summary The City began FY 2025 (FY25) with $10.410 billion in cash-on-hand, versus $12.387 billion at the same time last year. During the first nine months of fiscal year 2025 (FYTD25), the City’s cash balances averaged $10.094 billion, compared to... Read More
Jun 4, 2025
New York City Cash Balance Projection March 1, 2025
The City’s economy continued to grow at a moderate pace, supported by reduced inflation and the gradual easing of the monetary policy in the second half of last year. In the first half of FY25, the City collected $70.614 billion... Read More
Mar 6, 2025
Comments on New York City’s Preliminary Budget
I. Executive Summary The FY 2026 Preliminary Budget and January Financial Plan were released before Donald Trump’s inauguration, at a time of great uncertainty about the impact of the incoming Trump Administration on the City budget—including the extent to which... Read More
Mar 5, 2025
New York City Cash Balance Projection December 1, 2024
New York City’s economy continues to benefit from a buoyant stock market, rebounding tourism, and resilient consumer spending. The City’s tax revenue continues to increase. The City collected over $15 billion in Real Property Tax revenue in June and July... Read More
Dec 3, 2024
Popular Annual Financial Report (PAFR)
A Message from the New York City Comptroller Dear New Yorkers, I am delighted to share the tenth Popular Annual Financial Report (PAFR) covering Fiscal Year 2024, which began in July 2023 and ran through June 2024. This report is... Read More
Nov 26, 2024
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. Please click... Read More
Oct 31, 2024
New York City Cash Balance Projection September 1, 2024
At the close of FY 2024 (on June 28, 2024), the City recorded the end-of-year cash balance of $10.410 billion, compared to $12.387 billion a year prior. As expected, cash balances fell in the 2nd half of FY 2024 below... Read More
Sep 6, 2024
New York City Pension Funds’ Returns
Introduction The Office of the New York City Comptroller serves as investment advisor, custodian, and trustee for the five New York City public pension systems (collectively referred to as “the Systems”). Through the efforts of the Bureau of Asset Management... Read More
Aug 1, 2024
New York City Cash Balance Projection Interim Update to June 1, 2024 Forecast
NYC Projected Cash Balances The June 2024 forecast preceded the Fiscal Year 2025 Adopted Budget Agreement which included several changes from the City’s Executive Plan (released in April) that had implications for the year-end Cash Balance. The following chart updates... Read More
Jul 11, 2024
New York City Cash Balance Projection June 2024
In the second half of FY 2023, the City’s cash balances reached record high amounts, benefitting from robust tax collections and Covid-19 Federal aid. The City began FY 2024 with $12.387 billion in cash-on-hand, an increase of $4.228 billion from... Read More
Jun 1, 2024
New York City Cash Balance Projection March 2024
On December 1, 2023, New York City’s unrestricted cash balance reached a seasonal low of $5.223 billion, compared to $3.966 billion in FY23 and $1.338 billion in FY22. The cash total includes the Revenue Stabilization Fund (RSF) balance of $1.959... Read More
Mar 1, 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
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
New York City Cash Balance Projection December 2023
The City’s cash balances usually dwindle in late November to early December, before the arrival of property tax payments which are due on January 1. But this November, the City’s cash balances remained historically high for this time of year,... Read More
Dec 1, 2023
Spotlight: New York City Pension Fund Returns for FY 2023
Introduction The Office of the New York City Comptroller serves as investment advisor, custodian and trustee for the five New York City public pension funds (collectively referred to as the New York City Retirement Systems, or NYCRS). Through the efforts... Read More
Aug 8, 2023