He handed it to the woman. The City center received $6 billion in direct federal aid, nearly 7 billion more for our public schools, and over one billion more through 100% FEMA reimbursement. We'll hear a little beep to keep us moving to the next segment, if that's okay. I just want to maybe give you some different options. Fund that rainy day fund so we'll be more prepared for future fiscal crises down the road. New York, NY New York City Comptroller Brad Lander, who as a Council Member lead-sponsored Local Law 115 of 2021 that required the Department of Consumer and Worker Protection (DCWP). So now if we can move to our lightning round. J.B. P.S. Brian Benjamin: As a comptroller, what do you do?
NYC Comptroller Statement on the Fiscal Year 2024 City Budget Agreement An independently elected official, he safeguards the City's fiscal health, roots out waste, fraud and abuse in local government, and ensures that municipal agencies serve the needs of all New Yorkers. Great, whatever you want to do. The agency should also reconfigure its systems to capture all shelter entry and re-entry dates for individuals, he recommended. Don't miss the chance to get the biggest news first! All rights reserved. I know that Dick Ravitch pushed for GAP being needed to be used at the MTA and other places. Do you support requiring mandatory deposits into a rainy day fund when the economy is growing and limiting withdrawals only to times of recessions or severe emergency? It's an economic engine of New York. Instead of having bullets, we will have breath, Adams said. Thank you, Andrew. That could put a lot more pressure on our debt. What specifically would you do? The question is, how do you use the tools of the office. Could you delve into that a little more? I think it's worse than the 75 fiscal crisis, the post 9/11 fiscal crisis, the 2008 recession altogether. Accountants use them, it's an important thing. Crains New York Business is the trusted voice of the New York business communityconnecting businesses across the five boroughs by providing analysis and opinion on how to navigate New Yorks complex business and political landscape. Potentially. So you have an audit team. I also know we want to build a more just, a more equal and a more sustainable City. Donate today, Gothamist is funded by sponsors and member donations.
Wells Fargo Newsroom - Wells Fargo Response to New York City Mayor Their failure to act on our proposal only delayed the creation of this potentially life-saving tool and created shareholder risk from their ability to see something, but not say something.. Why is that? Is there any circumstance that should require the New York State Financial Control Board be empowered to approve City fiscal actions? Some of the other funds still use it. But clearly, if you think about the fact that real estate values, which is what that 10% is based upon, real estate values are probably lower, given what we have been seeing, less foot traffic etc. I think that if you really dig into the budget, you'll find that there's a lot there that should probably be someplace else. Thank you, Andrew. Andrew Rein: Yeah. Andrew Rein: I think that this role, really more than anything else, is the Chief Accountability Officer of the City, the person whose job it is, is to make sure the City is doing its job. Andrew Rein: So, pensions. Andrew Rein: Over 600,000 people in New York City need affordable housing. NEW YORK - New York City Mayor Eric Adams, New York City Comptroller Brad Lander, trustees of the New York City Employees' Retirement System, Teachers' Retirement System and Board of Education Retirement System, and elected leaders today called on American Express, MasterCard and Visa, three of the world's largest credit card companies, to suppo. The comptroller is critical to allowing New Yorkers to determine if their money is being used wisely and having a real positive impact on the lives of New Yorkers and the future of New York. As you said, you have the experience in following the money. But broadly during the last eight years, which have been good ones on Wall Street, obviously, the portfolio has done well. Zach Iscol: Of course, that's only good for one year. I noticed the color coding of your books. Yes. New York State and Local Retirement System (NYSLRS), New York State Budget Analysis and Financial Reporting, New York City Economic and Fiscal Monitoring, State Comptroller DiNapoli Announces Political Spending Disclosure Agreements With Seven Companies, DiNapoli: Local Sales Tax Collections Up Slightly in May, DiNapoli: Strong Tax Collections and New Savings Initiatives Boost NYC's Short-Term Finances, DiNapoli: State Needs to Better Protect Water Supply Infrastructure Against Natural Disasters, Cyberattacks and Terrorism, State Contract and Payment Actions in May, State Comptroller DiNapoli Releases Municipal & School Audits, DiNapoli Audit Finds Hazardous Conditions Persist in Mitchell-Lama Developments, DiNapoli: Former Chatham Rescue Squad Business Manager Charged With Stealing Over $17k From Squad, State Comptroller DiNapoli, Senator Cooney and Assemblymember Solages Urge Governor to Sign Contract Legislation, DiNapoli Op-Ed: The Double-Edged Sword of Pandemic-Driven Technological Acceleration, State Comptroller DiNapoli Releases Municipal Audits, DiNapoli Releases Bond Calendar for June and July, DiNapoli: Thruway Authority Owed More Than $275 Million in Unpaid Tolls and Fees, DiNapoli: Federal Programs Bridge Gap in Broadband Access, State Contract and Payment Actions in April, Minority- and Women-Owned Business Enterprises (MWBEs), damages or losses caused by reliance upon the accuracy of any such information, damages incurred from the viewing, distributing, or copying of such materials. Suspect Wasteful Spending? It's the job of the comptroller to follow the money, use the power of the audit, the power of oversight to hold the mayor, the City Council and the city agencies accountable. Well, yes. Sweeps of homeless encampments across the city - one of the earliest controversies in Mayor Eric Adams' tenure - have been a "policy failure," New York City Comptroller Brad Lander said in an audit and policy report released Wednesday.. Let's delve into some of these functions. Yes, I will do that. So I'd like to see the fusion of our PEG Program with a more focused attrition program. I have a background in this, after Brown or Harvard Business School, I spent a few years in Morgan Stanley, where I did investment banking and private wealth management. You've talked about, I've heard you talk about those audits and also how much we contract out, maybe some should be brought in house. That's not going to be there for the next three, four or five years afterwards. Andrew Rein: Thank our CBC trustees for supporting us in this and all of our work. There's ways to finance those things that made sense, particularly at a time like this. Temps are steady around the mid-60s. We prepare our children to be academically smart, Adams said at the news conference. Corey Johnson: For the last topic, you get to choose, New York City music, food or sports. Andrew Rein: Andrew Rein: So could you please succinctly describe the role of comptroller, your top three priorities and how would you use the powers of the office to achieve them? What would be your strategy for investment? We set aside eventually about 2.5 billion dollars to cover retirees' healthcare trust fund, healthcare trust costs over the years, and to have the money there for the retirees. Andrew Rein: Should the City significantly increase the size of its retiree health benefits trust to address the outstanding $109 billion other postemployment benefit liability? New York City music, food or sports. Brian Benjamin: (212) 210-0100, Hospitals are falling short of compliance with safe staffing laws, nurses union says, SEC charges former Pfizer statistician with insider trading over Covid drug trial results, Steve Cohen donates $5M for MDMA's push to go mainstream, Sponsored Content: An easy summer getaway, How to protect your health as smoke engulfs the city, Homeless New Yorkers with serious mental illness keep falling through the cracks despite billions in spending, Councilwoman shares how her nonprofit experience guides the city's mental health roadmap, City's mental health response unit answered only 16% of calls, new data shows, Greenwich Village loft listed at $4 million is a bargainwith a catch, Midtown's latest ultra-thin residential building will hold 26 apartments, Supreme Court rejects use of race in university admissions, A no-frills dental practice is quickly becoming one of New York's hottest startups, Adams, council reach $107B budget deal after tense talks. Andrew Rein: Everyone, please stay tuned for our next candidate Michelle Caruso-Cabrera. The finding concludes an eight-year investigation that faced lengthy delays and alleged political interference. Corey Johnson: He also served as NYS Deputy Comptroller for Pension Investment and Public Finance, Deputy Comptroller for Nassau County, NYC Deputy Comptroller for Budget and Chief Economist, Executive Director of the New York State Legislative Tax Study Commission, and Principal Economist for the New York State Assembly Committee on Ways and Means. Sorry about The technical issues. Thank you very much. Andrew Rein: That's not productive for the City, and it's not productive for them. Andrew Rein: That determines what those reasons would be if we're going to miss a debt payment, if our debt levels approach a certain level.
Pilot program will install public package lockers on New York City Brad Lander: So when we talk about audits, I think one really important thing is to think about performance based budgeting, when you're going in there and you're auditing a large city agency, let's take DHS, the Department of Homeless Services, for an example. It's really predicated upon two key concepts. David Weprin: Thanks, Brian. Do you support requiring mandatory deposits into a rainy day fund when the economy is growing and limiting withdrawals from that fund only to times of recessions or severe emergency? Those are all put in place in a very thoughtful way, back during the 70s and the Mac Corporation, and I agree with those. What should be in that rainy day fund in dollars? These include, but are not limited to: Because Google Translate is intellectual property owned by Google Inc., you must use Google Translate in accord with the Google license agreement, which includes potential liability for misuse: Google Terms of Service. Does that make sense? Landers audit said the challenges that mental health and substance use pose only make it more vital for DHS to reassess its current approach to cleanups. Andrew Rein: We need to do it with fiduciary attention. Prior to joining OMB, he served as Commissioner of the Department of Finance, responsible for leading an agency that collects more than $40 billion annually in revenue for the city and assesses over 1.1 million properties with a total combined value of $1.3 trillion. An accessibility audit that would help make a more equitable City would first crowdsource and say, "Where are there gaps and shortcomings?". I dig in on the details to make government work better. What does that really look like? The outside contracting the budget of the City of New York started exploding under Mayor Bloomberg when I was there. Thanks to all the press who do so much to inform the public. The next New York City Comptroller will play a critical role not only in holding the next Administration and agencies accountable, investing and managing five pension funds with $248 billion in assets, and partnering in $13 billion City debt issuance, but also in spotlighting and promoting New York City's fiscal health during and after the econo. It's a real pleasure, Andrew. Andrew Rein: We'll have three minutes to answer that about priorities. That is assuming that we find a billion dollars in labor savings, that are undisclosed, that assumes that real estate taxes remain stable, that assumes that income taxes remain stable. So we are at a crucial point. Are you talking about that or a different version? Understood. That 1 to 2% on $250 billion over 10 years, not even counting compound growth, that's a lot of money. So we urge all of you to take the time to learn about the candidates you're going to see today, but also those others who we were unable to include and there are many great resources out there, including from our What's The Data Point Podcast partner, Ben Max and Gotham Gazette.
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