No. 90 - June 11, 2024
New York by the Numbers
Monthly Economic and Fiscal Outlook
READ MORE [[link removed]]
Photo Credit: RAW-films/Shutterstock
A Message from the Comptroller
Dear New Yorkers,
Last month, Mayor Adams empaneled a Charter Revision Commission, ostensibly to review the City Charter and propose ways to improve City government. While there is good reason to doubt Mayor Adams’ motives for hastily appointing the Charter Revision Commission (done as part of ongoing battles with the City Council), there’s no doubt that our City would benefit from better management—including better fiscal stewardship.
Responding to this opportunity, our Office has proposed a A Stronger Fiscal Framework for New York City [[link removed]] , a comprehensive set of proposals to solidify our financial foundation for the future. Five decades after the City’s fiscal crisis led to the Financial Emergency Act (FEA), our proposals build upon the FEA’s core provisions.
Our five proposals would ensure that we (1) accumulate sufficient “rainy-day” reserves for times of economic recession, (2) mandate regular efficiency reviews to run City agencies more efficiently while avoiding cuts to vital services, (3) ensure the long-term affordability of the City’s debt, (4) overhaul our capital planning to better face the future in an era of aging infrastructure and climate crisis, and (5) start paying our vendors on time – including our nonprofit human service providers and MWBEs – something we have failed to do for many years.
I’ll be testifying before the Charter Revision Commission this week and urging them to place these proposals on the ballot this fall for voters to consider.
I’m also excited to unveil a great new municipal transparency tool developed by our team. Today, we are launching the NYC Agency Staffing Dashboard [[link removed]] , which includes the number of authorized and actual full-time employees for each City agency. Our Spotlight [[link removed]] this month includes analysis of City employment and vacancy trends before, during, and since the pandemic. But you don’t have to take our word for it. The dashboard allows you to look at authorized and actual headcount, by agency and employee type, going back to FY 2017, and will be updated monthly.
In other words: we invite you to join us in watching the numbers,
[[link removed]]
Brad Lander
Table of Contents
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The
U.S.
Economy
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New
York
City
Economy
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City
Finances
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View the June Newsletter [[link removed]]
Spotlight
Watching the Workforce
Using data from its NYC Agency Staffing Dashboard [[link removed]] launched today, this month’s Spotlight examines how the number of actual full-time City employees, as well as the number of full-time positions that City agencies are authorized to hire, has changed over time and highlights how different agencies have fared. This new dashboard—which includes data going back to FY 2017 that will be updated monthly—allows the public to access to up-to-date information on City staffing by agency.
View the Spotlight [[link removed]]
In Case You Missed It
Over the past month, the Office of Comptroller released the following announcements on the state of NYC’s economy and finances:
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A
Stronger
Fiscal
Framework
For
New
York
City
[[link removed]]
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Comptroller
Lander
Audit
Finds
Driscoll
Foods
Shortchanged
City
by
$9.39
Million
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NYC
Comptroller
Lander
and
Partners
Celebrate
$60
Million
Investment
To
Preserve
Nearly
35,000
Rental
Units
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Statement
from
Comptroller
Lander
on
Court
Decision
on
Medicare
Advantage
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Comptroller
Lander
Releases
Analysis
on
FY
2025
Budget
and
Testifies
to
City
Council
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Office of the New York City Comptroller
Office of New York City Comptroller Brad Lander
1 Centre Street
New York, NY 10007
United States
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