NYC's Chief Financial Officer
As the city faces historic financial challenges following COVID-19, with high unemployment and homelessness in New York, the Comptroller, NYC’s Chief Financial Officer, will play a critical role in the recovery of NYC. They are responsible for safeguarding the City’s fiscal health, finding and eliminating waste, fraud and abuse in local government, and ensuring that the needs of all New Yorkers are met by municipal agencies. Additionally, the Comptroller is second in line of succession to the Mayor, after the Public Advocate.
The Comptroller is required to examine the operations of all City agencies and evaluate initiatives to develop affordable housing, provide quality public education, ensure access to public benefits, provide preventative homeless services, and protect the rights of individuals and communities. Important to City workers is that the Comptroller is the investment advisor to and custodian of assets of the City’s five public pension funds, which provide retirement security for more than 700,000 current and former City employees, and a trustee to four of the five City Pension Funds.
The Comptroller also sets and enforces prevailing wage and benefit rates for workers, laborers and mechanics employed on New York City public works projects and building service employees on City contracts and certain properties that receive tax exemptions. They engage in extensive outreach and educational work to inform the community of prevailing wage and living wage law requirements.
For more information on the duties of the Comptroller, go to The Green Book, New York City’s official website, or to the Comptroller’s website: https://comptroller.nyc.gov.
