As of May 31, 2022, the cash balance stands at $7.632 billion, compared to $9.996 billion at the same time last year. This difference in balances is primarily due to the timing of Federal aid receipts, as described further below.
FY22 began with $8.469 billion in cash-on-hand, compared to $6.627 billion in the beginning of FY21. However, the gap between current cash balances and prior year cash balances quickly disappeared, and FY22 cash balances have been running close to year-ago levels ever since.
On December 1, 2021, New York City’s unrestricted cash balance reached a seasonal low of $1.338 billion, compared to $2.143 billion in FY21 and $1.769 billion in FY20.
A quarterly cash report for New York City. At the close of FY 2022 (on June 30, 2022), the City recorded the end-of-year cash balance of $8.159 billion, compared to $8.469 billion a year ago. Daily cash balances during FY22 averaged $7.524 billion, $831 million below the prior year’s number.
New York City’s economy continues to expand, benefitting from growth in employment and the return of tourism. Tax revenues for the first quarter of FY 2024 grew 4.5% from the same quarter last year.
This report shows the ideas behind the capital acceleration plan for New York City. Included are data and analyses on the challenges of improving City infrastructure, creating new jobs, and making projections for a more promising future.
This report, by New York City Comptroller Scott M. Stringer, analyzes the current landscape for infant and toddler child care in New York City and makes a series of recommendations aimed at making quality child care more affordable and accessible for families with children under three.
This document is a brief summary of laws relating to tenants of market rate rentals. This document is intended for informational purposes only and should not be construed as providing legal advice.
Strong growth in personal consumption, private investment, and government expenditure boosted the U.S. economy in Q3 2018, as the City’s economy lagged behind.
Economic Growth Continues In Q2 2019. Solid job growth; unemployment rates at near record low. Labor force participation rate and employment-to-population ratio remain at near record highs.
Released every 3 months, the Comptroller’s Quarterly Economic Update tracks New York City’s economic health and analyzes its economy in a national context. It includes information on economic indicators including growth, unemployment, average wages, business activity, and real estate transactions.
NYC Department of Correction FYS 2007-16 Operating Expenditures, Inmate Population, Cost Per Inmate, Staffing Ratios, Performance Measure Outcomes, and Overtime
Charts and graphs depicting NYC Department Of Correction FYs 2008-18 Operating Expenditures, Jail Population, Cost Per Detainee, Staffing Ratios, Performance Measure Outcomes, and Overtime
The purpose of bail is to ensure that a person who is arrested returns to court for trial. However, in practice, the impact of bail has been to detain tens of thousands of New Yorkers, presumed innocent, before trial and cost low-income families tens of millions of dollars every year.
After the pay-to-play scandal in 1961, the Board of Education was dissolved and Mayor Robert Wagner had to appoint a nine-member board from candidates selected by a screening committee. This document gives a summary of the Panel for Education Policy and recommendations that can improve the Panel.
This report details the employee compensation government workers receive. There is a belief that citizens working in the public sector have better pay levels and benefits, and this report analyzes that opinion.
Audit Report on the Office of Collective Bargaining (OCB) to determine whether OCB's controls over its inventory of computers and related equipment adequately monitor, safeguard and adhere to requirements governing computer-related assets
Making the Grade is an annual report that issues letter grades to City agencies based on their level of success spending with minority- and women-owned business enterprises (M/WBEs). The grades are based on the framework of Local Law 1 of 2013 which set M/WBE participation goals for Mayoral agencie
Making the Grade is an annual report that issues letter grades to City agencies based on their level of success spending with minority- and women-owned business enterprises (M/WBEs)
This report details allocations to MWBE asset management firms managing assets for the New York City Retirement Systems, the status of “emerging manager” programs, the MWBDVE Brokerage Program for the Retirement Systems, the efforts of the Bureau of Public Finance to expand work with diverse firms.
Report detailing the Comptroller’s Office’s work with minority- and women-owned investment firms and emerging managers and with MWBE professionals in municipal finance.
Comptroller Lander wrote to members of the Board of Correction strongly urging them to reject the Department of Correction’s variance request to scan mail onto tablets and limit package vendors.
The breakdown in contract negotiations between UPS and the International Brotherhood of Teamsters. Low pay contributes to the high turnover rates UPS experiences among part-time employees, who perform crucial roles as package handlers, loaders and unloaders throughout the UPS system.
Comptroller Brad Lander and Public Advocate Jumaane Williams and a majority of New York City elected officials urged the federal government to accelerate funding to municipalities to support arriving asylum seekers.
The challenges of retaining permanent nurses and the growing spending on higher-cost agency and traveling nurses pose risks to H+H’s financial stability and undermine the City’s commitments to both its public sector employees and its patients.
the DOE is choosing to base the new weight allocation for students experiencing homelessness on enrollment as of December 31, 2022. If this decision stands, schools will not receive funding this school year for changes in STH enrollment that have occurred since then.
Comptroller Brad Lander and 24 NYC elected officials wrote to the Department of Consumer and Worker Protection urging changes to a proposed rule to deliver a fair minimum pay rate for app-based delivery workers under Local Law 115 of 2021.
A version of the following letter was sent by a coalition of investors to the leadership of 11 companies named in a New York Times investigation on migrant child labor in the supply chains of various companies.
New York City prepares for future crises from extreme weather to future health emergencies, City agencies must be prepared to contain emergency spending costs.
Contract #20248801671, is an emergency procurement for
$432 million for services provided by Rapid Reliable Testing NY LLC, commonly known as DocGo Inc.
(the “Vendor,” or “DocGo”), was reviewed by my Office, and is being returned to the HPD without approval.
As the chief fiscal officers of New York City and Chicago we are writing to request the Department of Homeland Security (DHS) provide flexibility in the documentation requirements under the Shelter and Services Program (SSP) so that our cities may unlock all of the federal funds awarded to our juris
Comptroller Brad Lander sent a letter to the state Department of Financial Services requesting a review of governance and financial management oversight by the Board of Trustees of the Board of Education Retirement System.
Letter Report on the Review of the New York City Housing Authority’s Calculation of Rent Increases for Public Housing Tenants at the Red Hook East and Red Hook West Developments
This letter report was sent to provide the results of the audit regarding the Queens Public Library controls over internet access. The objectives of this audit were to determine whether the QPL's controls are sufficient to prevent unauthorized acces
to inappropriate sites as required by the Children's Internet Protection Act.
This Letter Report concerns the New York City (City) Comptroller’s audit of the purchasing practices of the Independent Budget Office (IBO). The audit found two areas in which the IBO’s practices did not comply with applicable Comptroller’s directives...
Letter Report on the Public Safety Agencies' Monitoring of Their Employees Who Drive City-Owned or Personally-Owned Vehicles on City Business
7R12-091AL
This letter report regarding the audit of the Public Safety "Uniformed Services" agencies monitoring of their employees using E-ZPass and/or parking permits while driving City-owned or
personally owned vehicles on City business.
The objective of this audit was to determine if the Public Administrators are effectively monitoring their employees who drive City-owned or personally-owned vehicles on City business.
This letter report dated on October 9, 2012 addresses the provision of assistive technology (AT) devices by the Department of Education. Issues with consistency, documentation, and record keeping inhibited efforts to measure the effectiveness of AT devices in schools, thus conclusions could not be reliably made. It was concluded therefore that DOE could not ascertain with reasonable assurance that all students who should be receiving AT devices are in fact receiving them. Recommendations were made to rectify these issues.
This Final Audit Letter Report concerns the New York City Comptroller’s audit of the New York City Special Narcotics Prosecutor’s (SNP) provision of language access services and compliance with relevant laws and regulations which govern the translation of websites of New York City agencies.
This audit was conducted to determine whether the three Staten Island Community Boards comply with applicable inventory procedures for office equipment as set forth in DOI’s Standards for Inventory Control and Management and are maintaining effective internal controls over equipment.
This letter report was sent to provide the results of the audit regarding the New York Public Library's controls over internet access.The objectives of this audit were to determine whether the NYPL
libraries' controls are suffcient to prevent unauthorized access to inappropriate sites as required by the Children's Internet Protection Act.