At this time last year, many schools across NYC were facing budget cuts, and families were returning to schools with increased class sizes or to see favorite programs cut. Our May Spotlight described what led to the 2022-2023 funding cuts and what transpired afterwards to partially restore them.
The DOE budget provides funding for a vast array of services to children in preschool to 12th grade that include classroom instruction, special education, charter schools, bilingual instruction, as well as a multitude of education support services.
This Spotlight examines how the City’s actual General Fund revenues and expenditures compare to the projections in the budgets adopted in June of the previous year, and how this performance evolved over the past decade
NYC's economy, though quite complex and diverse, has been driven in large part by the securities industry (more colloquially, Wall Street) for the past half century. As a result, the city’s economic fortunes have been highly dependent on the ups and downs of the financial industry and markets
The focus on the city’s housing supply challenge. One of the primary drivers of high rents is an excess of demand over supply—or, put more simply, a supply shortage.
Among the greatest challenges facing New York City’s economy is the availability and affordability
of housing. Economic growth and stability in NYC depend upon the ability for workers and others
wishing to move into or within the city to find housing they can afford.
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).
The minimum wage for New York City more than doubled between 2013 and 2020, as a result of State legislation, but its purchasing power has been eroded by the high rate of inflation in the wake of the COVID-19 pandemic. Two different legislative proposals in Albany aim to address the issue.
The City of New York’s budget process is an annual rite of projections, proposals, debate, and ultimately adoption of plans for how much money will be collected by the City over a fiscal year and how that money will be spent.
This Spotlight takes a deep dive into the care economy in New York City. We examine who care workers are: overwhelmingly women, and on average significantly older, less white, and more likely to be immigrants than non-care workers.
The objective of this review was to determine whether the Department of Citywide Administrative Services’ (DCAS) COVID-19 emergency procurements during Fiscal Year 2020 were necessary and related to COVID-19, adequately documented, consistent with applicable procurement policies and procedures, and
For the 10-year anniversary of Superstorm Sandy, the Office of the New York City Comptroller and Urban Ocean Lab partnered on an assessment of community-led climate resilience initiatives that developed in the wake of the storm.
The 2021 Infrastructure Investment and Jobs Act marks one of the largest infusions of federal funding into the nation’s infrastructure of the last century. This legislation will invest $550 billion of new federal funding in transportation, clean energy, water quality, and broadband Infrastructure
The Corporate Governance and Responsible Investment program of the New York City Comptroller’s Office develops and implements the proxy voting and shareowner initiative programs of the five systems, including engagement with management and directors at portfolio companies.
This Report, which is prepared by the Comptroller’s Office and reviewed by the Proxy Committee of each system, serves as the annual Proxy Committee Postseason Report (“Postseason Report”) to each retirement system’s Board of Trustees.
The Systems’ proxy voting and shareholder program is core to addressing both systemic and idiosyncratic risks across our portfolio to advance long-term, sustainable returns. This report details the program for FY 2022 and its accomplishments.
Addressing climate change and building a more resilient city is not just a moral imperative, it is an economic necessity. This report by New York City Comptroller Scott M. Stringer highlights the urgent need to prepare our shorefront communities against the oncoming threat of rising seas.
This report presents a review of current data related to school safety in New York City, and from that data draws a series of holistic recommendations on how to make City schools healthier and more secure.
This report aims to analyze the length of time it took to register a City contract in Fiscal Year 2017, and in particular, to take a closer look at the prevalence of contracts being registered after the start date of the contract has passed.