This report analyzes motor vehicle crash-related personal injury claims against the City, filed and settled between FY 2012 and FY 2021,[1] with the goal of identifying interventions to reduce financial liability to the City and reducing preventable harms to New Yorkers.
This report examines New York City’s standing in the global distribution of venture capital activity from 2008 through 2017 and identifies the emergence of industry clusters fueled by venture capital in New York and around the world. Our analysis is informed by data from Crunchbase
While commercial waste removal is a necessary part of managing any large city, this report by New York City Comptroller Scott M. Stringer details how New York City’s current system poses clear safety risks to both residents and workers, while also pumping out toxic emissions into the City’s air.
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 Comptroller’s Office compared staff vacancies as of October 2022
New York City has a long history of organizing for fire prevention and tenant protections to address the longstanding prevalence and devastating effects of residential fires. Unfortunately, under-resourced code enforcement has hamstrung the effectiveness of housing and buildings standards since the
Even while the U.S. and City economies continue to post solid growth as the current expansion approaches its 9th year, the warning signs for the City budget are multiplying.
Annual report on the state of the city's economy and finances. Contents include The Executive Summary, The State of the City's Economy, and The November 2018 Financial Plan.
Annual required report on the state of the City's economy and finances After falling at an annualized rate of 5.0 percent in the first quarter, and 31.4 percent in the second quarter, U.S. Gross Domestic Product (GDP) roared back in the third quarter...
Since January 2022, at least twenty-six people have died in custody in New York City’s jails, underscoring the persistent dysfunction and violence of the jail system and accelerating calls for more oversight of jail operations.
The bill is part of a wave of efforts around the country to confront
the lasting impact of institutional racism on Black families’ ability
to achieve economic security and build wealth
Since the moment COVID-19 arrived in New York City, the burden of the pandemic’s many challenges have fallen heaviest on women, especially women of color.
An analysis that documents changes in migration to and from New York City during the COVID-19 pandemic, using data published by the United States Postal Service (USPS) from change of address forms.
New York City’s annual infrastructure survey report estimated in 2020 that the maintenance costs of the Riverside Park Bridge W. 79th Street Traffic Circle would be $76 million. When the project went to bid just a few months later, the actual cost was almost double that, at $149.9 million.
A report estimating the impact that Airbnb listings have had on neighborhood rents in New York City, which were disproportionately high in portions of Manhattan and Brooklyn.
Update to 2014 housing report, using estimates from the most recent New York City Housing and Vacancy Survey (HVS) for 2017. We find that the disappearance of modestly-priced rental units has continued, leaving the City’s lowest-income households with fewer and fewer opt
Comptroller’s Office analysis of the FY23 Preliminary Budget (PowerPoint) Federal Stimulus Funds Tracker , Focus on the Basics, Invest for a More Inclusive Recovery, Build a More Resilient City
This report from New York City Comptroller Scott M. Stringer seeks to provide a more
complete assessment of the impact of immigration enforcement in New York City by
analyzing data from U.S. Immigration and Customs Enforcement (ICE) and immigration
court cases.
An investigation by the Comptroller's Office into the accuracy of the MTA's subway performance reporting, and recommendations for more reliable and transparent reporting.
In The Bottom Lines, we take a look at a select set of agencies that were not spared from budget cuts, many of which have seen measurable declines in the quality or quantity of service they are able to deliver to the people of New York.
This report analyzes progress on resiliency capital spending to date, after Superstorm Sandy. The report goes on to provide a snapshot of the property values, land uses, and essential infrastructure in the coastal floodplain, illustrating the range of critical assets at risk.
This report, by New York City Comptroller Scott M. Stringer, provides a detailed examination of teacher retention in New York City and reveals how it impacts differing boroughs and school districts, including those most impacted by poverty.
Over the past several months, more than 19,000 asylum seekers have arrived in New York City, including more than 5,500 students who have entered the public school system. These children – who have little English proficiency, varying degrees of grade level readiness, possible special education needs,
Analysis of Student Allocation Memorandum 65 to assess what is currently known about where students from families seeking asylum have enrolled in school and the budgets of those schools, and to prompt strategic thinking about the resources and attention necessary to help these students succeed.
The Comptroller's proposals to achieve that transformation in a way that best serves the 1.1 million public school children of New York City, based on the latest but still evolving information in the age of COVID-19.
Communication from the Comptroller - Submitting Statement of Debt Service as of January 12, 2023, containing a schedule of the appropriations required during the ensuing fiscal year for debt service, pursuant to Section 242 of the New York City Charter.
The table represents the NYC Comptroller's Office statement of debt service, in accordance with Section 242 of the City Charter, which requires that the Comptroller submit a certified statement of debt service and a schedule of appropriations for the ensuing fiscal year for debt service.
This report, by New York City Comptroller Scott M. Stringer, outlines challenges and makes recommendations for playgrounds that could better serve the children and families of NYC in all boroughs.
Following the onset of the COVID-19 pandemic, the size of the City’s full-time workforce began to decline considerably from a pre-pandemic high, and the City has since struggled to retain and recruit employees
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.
Over the past decade, Citi Bike has become a vital part of New York City’s transportation landscape. As the nation’s largest bikeshare system, Citi Bike enables millions of trips each month and has a network of over 1,800 stations and 26,000 bikes
Examining recent trends in subway and bus ridership sheds light on the status of recovery and informs improvements needed to match shifting travel patterns.
My office has conducted a review of the New York City Department of Homeless Services (DHS) to identify and assess key aspects of its homeless programs and services, including the populations served, the programs’ intended outcomes, and the extent to which DHS is achieving those outcomes.
The New York City Department of Education (DOE) provides early childcare and education services to children, from birth to five years old, who live within the City. These early childhood services may be provided by DOE or other alternatives, such as contracted Community Based Organizations (CBO).
The findings of the review into the performance of New York City Health +
Hospitals (H+H) to the COVID-19 pandemic conducted by the Office of the Comptroller.
This report aims to analyze the length of time it took to register a City contract in Fiscal Year 2021 and 2020, with an emphasis on those contracts registered after the start date of the contract has passed.
The ideal emergency procurement system exists alongside robust risk assessment and planning mechanisms, so that the City does not have to rely on emergency contracts if its needs can be met by other means.
New Yorkers rely on the City to act as quickly as possible to avoid or mitigate an unforeseen danger to life, safety, property, or a necessary service.
Using administrative data from New York City property tax filings, this report provides a comprehensive measure of the vacant retail square footage, and the retail vacancy rate, for every neighborhood in New York City from 2007 to 2017 as well as average retail rent per occupied retail square foot.
The Comptroller’s Audit Bureau issued 56 audits, investigations and special reports in Fiscal Year 2021. Reviews of welfare-fund payments were also performed.
This report is divided into two sections. The first section covers audits, special reports and analysis of City agencies and public authorities with identified fiscal outcomes. The second section covers audits and special reports that focused on operational impact.
The Report on the Status of Existing Capital Projects sets forth the amount of all obligations authorized for each pending capital project and the liabilities incurred for each project, by capital budget line.
In October 2023, the Adams’ Administration announced that it would implement a new policy limiting shelter stays for newly arrived families with children to 60 days. Previously, families with children in the shelter system had not faced time limits for eviction from shelter.
The City of New York can ensure that NYC remains a place that people want to build families, start businesses, and create new ideas by investing in high quality public education from pre-K to university, universal child care, robust public transit, and affordable housing
A portrait of NYC's cash position in the 4th quarter of FY2020. The COVID-19 pandemic and the efforts to contain it have plunged the economy into a deep contraction and led to a sharp drop in tax revenues in NYC. At the close of 4Q20, the City’s unrestricted cash balance stood at $6.627 billion.
Report on the City's cash balances, receipts, expenditures. At the close of 4Q19, the City’s unrestricted cash balance stood at $7.110 billion, the lowest end-of-year cash balance since 4Q13.
Presentation of New York City’s cash balances, cash receipts, cash expenditures, capital expenditures, and financing during January 2021 to March 2021.
At the end of the third quarter of FY19 (hereafter 3Q19), the City recorded an unrestricted cash balance of
$10.895 billion, $942 million above last year’s figure.
Performance of New York City's cash Balances, Cash Receipts, Cash Expenditure, Capital Expenditures and Financing during Q 1 FY 2021 July-September 2020.
The NYC Comptroller recognizes employees, supervisors, managers, and units demonstrates superior accomplishments in diversity, equity, inclusion and equal employment opportunities.
This analysis by New York City Comptroller Scott M. Stringer highlights the important role of the City’s LTCOP and demonstrates the need to augment the program.
Mayor de Blasio along with other admin announced the next significant step toward achieving a first-in-the-nation goal of divestment from fossil fuel reserve owners.
This report serves as a user-friendly companion to the City’s 2019 Comprehensive Annual Financial Report (CAFR), which presents a detailed picture of our City’s financial condition.
The seventh New York City Popular Annual Financial Report (PAFR). The PAFR is meant to condense and consolidate crucial financial information otherwise presented in our 500-page Annual Comprehensive Financial Report (ACFR).
The PAFR aims to offer citizens, businesses, and community groups a breakdown of our revenues and expenses, as well as an annual snapshot of our local economy.