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...
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 as state and cities eased back on social and business restrictions that were imposed to combat the COVID-19 pandemic.
The presentation of the state of New York City’s economy and finances during the fiscal year 2021 shows: “in the short term, the economic outlook remains uncertain. in the longer term, the successful roll-out and deployment of coronavirus vaccines should provide a boost to the economy by mid-2021.”
The Report on Capital Debt and Obligations advises as to the maximum amount and nature of debt which, in the Comptroller’s opinion, the City may legally and soundly incur for capital projects during each of the four succeeding fiscal years.
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.
New York City Comprehensive Annual Financial Report for Fiscal Year 2020. In accordance with New York City Charter §93(l), the Comprehensive Annual Financial Report (CAFR) is published within four months after the close of each fiscal year.
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.
State and local government budgets across the country have been ravaged by the crippling economic impact of the pandemic. The City is no exception and the FY 2021 Executive Budget and Financial Plan that was released on April 16 reflects the fiscal challenges confronting the City.
Comments, analysis and presentation on New York City’s Fiscal Year 2021 Executive Budget. State and local government budgets across the country have been ravaged by the crippling
economic impact of the pandemic. The City is no exception and the FY 2021 Executive Budget and Financial Plan that was re
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 system’s Board of Trustees
Debt for the City of New York (the “City”) has grown from $4,923 per capita in FY 2000 to $10,399 per capita in FY 2018, an increase of 111 percent. Over the same period, New York City personal income grew by 109 percent and New York City local tax revenues by 166 percent.
Debt for the City has grown from $39.55 billion in FY 2000 to $91.56 billion in FY 2019, an increase of 132 percent. Over the same period, New York City personal income grew by 117 percent and New York City local tax revenues by 174 percent.
City of New York’s Comprehensive Annual Financial Report (CAFR) for Fiscal Year 2019. This report shows that The City of New York (City) completed its Fiscal Year with a General Fund surplus, as determined by Generally Accepted Accounting Principles (GAAP).
Economic growth is expected to continue in both the U.S. and New York City in 2019 and for the remainder of the plan period, albeit at a slower pace than in 2018. In our forecast, New York City’s economy is expected to grow at a slightly faster pace than the nation as a whole.
Follow up audit of the Business Integrity Commision to determine whether BIC implemented the nine recommendations made in the prior audit report entitled Audit Report of the Business Integrity Comission's Billing and Collection of Licensing and Registration fees (audit no. FK16-090A).
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.
Office of the New York City Comptroller’s (Comptroller’s Office) Claims Report for fiscal year (FY) 2018, covering July 1, 2017 through June 30, 2018. This report examines claims filed against and on behalf of the City of New York, outlining trends by claim type.
According to Section 3005 of the Rules of the City of New York (RCNY), DOB Elevator Unit is responsible for performing inspections on Amusement Devices. This is an audit to determine whether DOB has proper controls over these inspections.
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
The Department of Correction (DOC) is on the Comptroller’s Agency Watch List for the second consecutive
year. First announced in 2018, the Agency Watch List spotlights city agencies that raise the most budgetary
concerns due to rapidly increased spending and meager measurable results.
This report provides a comparative analysis of the overall financial activities of 90 union‑administered welfare and annuity funds that in 2016 received approximately $1.24 billion in City contributions for the benefit of active and retired City employees.