Page 11 - Comptroller Brad News Today

NYC has denied every property damage claim related to Hurricane Ida, pointing to a 1907 ruling as the reason why

In a letter, Comptroller Brad Lander cited language saying New York municipalities are not liable for damage from "extraordinary and excessive rainfalls"

A scathing audit from the New York City comptroller found that the NYC Economic Development Corporation's cost of running the NYC ferry service was off by $224...

Dubious bookkeeping girded city officials’ claims that the interborough boat service — which plies city waters from the Bronx to Queens, and is priced to compete with subways and buses — cost 30% less to operate than the actual numbers showed, according to the report by Comptroller Brad Lander.

An analysis by Comptroller Brad Lander’s office found that that the total cut to Fair Student Funding from the 2021-2022 school year to the 2022-2023 school year is actually $372 million.

To show how those cuts affect each school, Chalkbeat created a lookup tool examining changes to Fair Student Funding, a major source of funding for schools.

The new budget also significantly increases New York City’s “rainy day fund,” but will not be official (or detailed) until the Council’s vote next week.

The final budget sets aside about $8.3 billion in budget reserves, which bring them to the highest level in the city's history.

The recommendation would build reserves toward a target of 16% of tax revenues in order to prevent drastic service cuts during a recession.

Wells Fargo & Company today issued the following statement responding to New York City Mayor Eric Adams and Comptroller Brad Lander. This press release features multimedia. View the full release... | April 8, 2022