Archives
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
New York City Cash Balance Projection March 1, 2026
The City began FY 2026 with $12.229 billion in cash (on July 1, 2025), up from $10.410 billion a year prior. Since then, cash balances have declined significantly. In the first half of FY 2026 (1H26), the City collected $68.627... Read More
Mar 2, 2026
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
New York City Cash Balance Projection December 1, 2025
The City began FY 2026 (on June 30, 2025) with $12.229 billion in cash, up from $10.410 billion a year prior. However, cash balances have declined sharply since the start of the fiscal year. In the first quarter of FY... Read More
Dec 2, 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
New York City Cash Balance Projection September 1, 2025
At the close of FY 2025 (on June 30, 2025), the City recorded the end-of-year cash balance of $12.229 billion, compared to $10.410 billion a year prior. In our previous Cash Letter, we projected that we would finish the year... Read More
Oct 2, 2025
Comments on New York City’s Fiscal Year 2026 Adopted Budget
I. Executive Summary Just days after the City’s FY 2026 budget was adopted, President Trump signed into law the Federal budget reconciliation bill, legislation that will have significant adverse consequences for the New York City economy, the State and City... Read More
Aug 13, 2025
New York City Pension Funds’ Returns for Fiscal Year 2025
Overview of Fiscal Year 2025 The Comptroller of the City of New York serves as the investment advisor, the custodian, and a trustee for the five New York City public pension systems. The Comptroller works with the trustees of the... Read More
Aug 6, 2025
New York City Cash Balance Projection Interim Update to June 2, 2025 Forecast
NYC Projected Cash Balances The June 2025 forecast preceded the Fiscal Year 2026 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 above chart updates... Read More
Jul 17, 2025
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 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 1, 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