New York City Comptroller

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Comptroller of the City of New York
Seal of the New York City Comptroller.png
Seal of the Comptroller of the City of New York
Scott Stringer 2015.jpg
Incumbent
Scott Stringer

since January 1, 2014
Term length4 years (renewable)
Two-term limit
Constituting instrument New York City Charter
Formation1801; 220 years ago (1801)
(1898 consolidated City)
First holderSelah Strong (1802–1805)
SuccessionSecond in the New York City mayoral line of succession
Salary$209,050 (2020) [1]
Website New York City Office of the Comptroller website

The Office of Comptroller of New York City, a position established in 1801, is the chief financial officer and chief auditor of the city agencies and their performance and spending. The Comptroller also reviews all city contracts, handles the settlement of litigation claims (amounting to $975 million in 2019), issues municipal bonds, and manages the city's very large pension funds ($240 billion in assets under management as of 2020).

The Comptroller is elected citywide to a four-year term, and can hold office for two consecutive terms. As of 2021, the Comptroller had a staff of 800 people, and a budget of over $100 million. If vacancies were to occur simultaneously in the offices of Mayor of New York City and New York City Public Advocate, the Comptroller would become Acting Mayor.

The current Comptroller is Democrat Scott Stringer. He was elected in 2013.

The 2021 New York City Comptroller election will consist of Democratic and Republican primaries on June 22, 2021, followed by a general election on November 2, 2021. Incumbent Stringer is barred from running for a third term by term limits. Notable candidates include State Senator Brian Benjamin, former US Marine Zach Iscol, City Councilmember Brad Lander, State Senator Kevin Parker, and State Assemblymember David Weprin.

Duties and staff

The Comptroller is responsible for auditing the performance and finances of city agencies, making recommendations regarding proposed contracts, issuing reports on the state of the city economy, marketing and selling municipal bonds, and managing city debt. [2] The Comptroller also "is the custodian and investment advisor to the Boards" of the five pension funds of the city, which are collectively referred to as "NYC Public Pension Funds" or "New York City pension funds". [3] [4] [2] [5] [6] [7] The funds collectively amounted to $240 billion in assets under management as of 2020, the fourth-largest public pension plan in the US. [4] [2] [5] [7] The Comptroller's regulations are compiled in Title 44 of the New York City Rules. [8]

If vacancies should simultaneously occur in the offices of Mayor of New York City and New York City Public Advocate (formerly president of the city council or board of aldermen), the Comptroller would become Acting Mayor. [9] The Comptroller serves as a check on the mayor, and is arguably the second most important elected official in New York City after the mayor. [2]

As of 2021, the Comptroller had a staff of 800 people, and a budget of over $100 million. [2] [5]

History

1801-present

The office was created as an appointive office in 1801 by the New York City Common Council. [10] On September 6, 1802, after a tie vote by the New York City Common Council Committee on whether to pass an ordinance for the appointment of a Comptroller with a salary of $1,500 ($27,000 in current dollar terms), the ordinance was adopted by the Recorder, John B Prevost, Esquire, casting a vote in favor. [11] Thirty years later, the Comptroller became head of the Department of Finance. In 1884 the office became elective, [12] and in 1938 the Comptroller became head of a separate, independent department of the City's government. No Republican has been elected Comptroller since 1938. [3]

The Comptroller served on the eight-member New York City Board of Estimate, created in 1873, until the Board was held unconstitutional in a unanimous decision by the US Supreme Court in 1989 in Board of Estimate of City of New York v. Morris. [13] [14] The Board was composed of the Mayor of New York City, the Comptroller, and the president of the New York City Council, each of whom was elected citywide and had four votes, and the five Borough presidents, each having two votes, despite the differing population sizes of each borough. [14] That construct was held by the US Supreme Court to violate the principle of one person, one vote. [14] [15] The Board of Estimate was then abolished. [14]

In fiscal year 2019, the Comptroller resolved 13,712 claims and lawsuits against New York City for $975 million. [16] The Comptroller also issued 61 audits and special reports on the effectiveness and service quality of city programs, as well as on financial issues, identifying actual and potential revenue and savings. [17]

2009 election

The Democratic nominee in the 2009 general election, John Liu, won 76% of the citywide vote on November 3. The Republican nominee, Joseph Mendola, won 19%; the Conservative nominee, Stuart Avrick, 2%; and others 2%. [18] [19] [20]

2013 election

Manhattan Borough President Scott Stringer won the September 10, 2013, Democratic primary with 52% of the vote, defeating former New York State Governor Eliot Spitzer, who had been forced to resign as governor over various scandals and who received 48% of the vote. [21] Former Wall Street financier John Burnett was unopposed as the Republican candidate. [22] Hesham El-Meligy, an independent candidate with the support of some Libertarians, was also a candidate for the office. [23] Stringer won the general election with 80% of the vote, as Burnett had 17% of the vote, the Green Party's Julia Willebrand had 2% of the vote, and El-Meligy had 0.5% of the vote. [24]

2017 election

In 2017, there was no Democratic primary for the position. Stringer faced Republican Michel Faulkner in the general election, and won, with 77% of the vote. [25] [26]

2021 election

The 2021 New York City Comptroller election will consist of Democratic and Republican primaries on June 22, 2021, followed by a general election on November 2, 2021. The primaries will be the first Comptroller election primaries to use ranked-choice voting. [27] Incumbent Comptroller Scott Stringer is barred from running for a third term by term limits. [28]

Notable candidates include State Senator Brian Benjamin, former US Marine Zach Iscol, City Councilmember Brad Lander, State Senator Kevin Parker, and State Assemblymember David Weprin. A number of other members of the New York City business and political communities are also running.

Comptrollers

Pre-consolidation (1898)

  • 1802–1805 Selah Strong
  • 1805–1806 Benjamin Romaind
  • 1806–1807 Isaac Stoutenburg
  • 1807 Jacob Morton
  • 1808–1813 Garret N. Bleecker
  • 1813–1816 Thomas Mercein
  • 1816–1831 Garret N. Bleecker
  • 1831–1836 Talman J. Waters
  • 1836–1839 Douw D. Williamson
  • 1839–1842 Alfred A. Smith
  • 1842 Douw D. Williamson
  • 1843–1844 Alfred A. Smith
  • 1844–1845 Douw D. Williamson
  • 1845–1848 John Ewen
  • 1848–1949 Talman J. Waters
  • 1849 John L. Lawrence
  • 1850–1853 Joseph R. Taylor
  • 1853–1859 Azariah C. Flagg
  • 1859–1863 Robert T. Haws
  • 1863–1867 Matthew T. Brennan
  • 1867–1871 Richard B. Connolly
  • 1871–1876 Andrew H. Green
  • 1876–1881 John Kelly
  • 1881–1883 Allan Campbell
  • 1883–1884 S. Hastings Grant
  • 1884–1888 Edward V. Loss
  • 1888–1894 Theodore W. Myers
  • 1894–1898 Ashbel P. Fitch

Post-consolidation (1898)

References

  1. ^ Sanders, Anna (February 10, 2020). "Pay gap for women working for NYC Comptroller Scott Stringer is 12% less than men on average, payroll records reveal". The New York Daily News.
  2. ^ a b c d e Gwynne Hogan (February 5, 2021). "$100 Million Dollar Budget And The Power of Oversight — What Is A Comptroller & Why Should You Care?". Gothamist.
  3. ^ a b Smith, Rachel Holliday (January 18, 2021). "What to Know About the 2021 City Comptroller's Race in New York; What does a city comptroller do? And who is running for the seat this year? Here's your guide to the only other citywide office besides mayor with any real competition yet". The City.
  4. ^ a b "Pension / Investment Management," comptroller.nyc.gov.
  5. ^ a b c "Duties Of The Comptroller," comptroller.nyc.gov.
  6. ^ "NYC Public Pension Funds". The New York City Comptroller's Office. Retrieved January 8, 2015.
  7. ^ a b Lopez, Luciana (January 7, 2015). Adler, Leslie (ed.). "New York City pension funds moved $4.9 billion out of Pimco in 2014". The Wall Street Journal – via Reuters.
  8. ^ "Title 44: Comptroller — Rules of NYC 0.0.1 documentation". rulesofnyc.readthedocs.io.
  9. ^ Adrienne Kivelson (2001). What makes New York City run?: a citizen's guide to how city government works (Third ed.). New York, N.Y.: League of Women Voters of the City of New York Education Fund. pp. 30–31. ISBN  0-916130-02-9.
  10. ^ Edward Dana Durand (1898). The Finances of New York City, Macmillan.
  11. ^ Minutes of the Common Council of the City of New York, 1784-1831. New York: M.B. Brown Printing Co. 1917.
  12. ^ "NYC Department of Records - City Hall Library Notes, August 2012". www.nyc.gov.
  13. ^ "From a Police Budget Panel to City's Board of Directors". The New York Times. November 20, 1986.
  14. ^ a b c d Racial and Ethnic Tensions in American Communities; Poverty, Inequality, and Discrimination, U.S. Commission on Civil Rights, 1999.
  15. ^ "Opinion, The Board of Estimate, 1898-198, Shaping the New New York City Government". The New York Times. April 6, 1989.
  16. ^ "Annual Claims Report"
  17. ^ "Annual Audit Report; Fiscal Year 2020"
  18. ^ The New York Times coverage of the 2009 NYC Comptroller race, September 29, 2009; retrieved September 26, 2013.
  19. ^ Coverage of the 2009 NYC Comptroller race, manhattan.about.com
  20. ^ 2009 New York City Comptroller election results Archived 2009-11-07 at the Wayback Machine, The New York Times, published and retrieved November 3, 2009.
  21. ^ Eliot Spitzer fails in his New York political comeback attempt, Reuters, published and retrieved September 11, 2013.
  22. ^ "Vigilant Squirrel Brigade: Meet the GOP candidate for NYC Comptroller-2013". June 28, 2013.
  23. ^ "Spitzer's Ex-Madam Kristin Davis Slips Out of Comptroller Race", US News & World Report.
  24. ^ "2013 General Election"
  25. ^ Max, Ben (September 13, 2017). "2017 New York City Primary Election Results". Gotham Gazette. Retrieved September 13, 2017.
  26. ^ "Scott Stringer". Ballotpedia.
  27. ^ Lewis, Rebecca (February 3, 2020). "How ranked-choice voting will work in New York City". City & State New York. Retrieved June 29, 2020.
  28. ^ Goodman, J. David (January 28, 2019). "The 2021 New York City Mayoral Race: Coming Soon to a Living Room Near You)". The New York Times.

Sources

External links