The Comptroller’s Office has reviewed overtime budget and spending for the New York City Sheriff’s Office.1 Based on our review, the Sheriff’s Office has exceeded its adopted and modified overtime budgets by significant and growing amounts in recent years. As detailed in the Table I and Chart I belo
A lack of focus and commitment from the Adams Administration to reform the City’s procurement processes has exacerbated both the registration and payment delays that create worsening challenges for the City’s many honest contracting partners; and the risks of corruption, fraud, and abuse.
A lack of focus and commitment from the Adams Administration to reform the City’s procurement processes has exacerbated both the registration and payment delays that create worsening challenges for the City’s many honest contracting partners; and the risks of corruption, fraud, and abuse.
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 the previous year’s record highs. Daily cash balances during FY24 averaged $10.93
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, averaging $7.521 billion, compared to...
FOCUS ON THE EXECUTIVE BUDGET: Before the Mayor’s recent announcement that that the city may need to lay off or furlough as many as 22,000 municipal workers, the Executive Budget included the elimination of some vacant positions and a partial hiring freeze.
DCWP launched this campaign to educate the 1 million New Yorkers with student loans, as well as prospective students, about their rights and responsibilities when it comes to student loans and raise awareness about the NYC Financial Empowerment Centers.
The multilingual public awareness campaign plays on the parallels between physical and financial health and encourages New Yorkers to get free, one-on-one financial coaching.