| Post: | Comptroller |
| Body: | the City of New York |
| Insignia: | File:Seal of the New York City Comptroller.png |
| Insigniacaption: | Seal of the Comptroller of the City of New York |
| Incumbent: | Brad Lander |
| Incumbentsince: | January 1, 2022 |
| Termlength: | 4 years (renewable) |
| Termlength Qualified: | Two-term limit |
| Constituting Instrument: | New York City Charter |
| Formation: | (1898 consolidated City) |
| First: | Selah Strong (1802–1805) |
| Succession: | Second in the New York City mayoral line of succession |
| Abbreviation: | Comp. |
| Salary: | $209,050 (2020) USD[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 Brad Lander. He was elected in 2021.
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] The funds collectively amounted to $240 billion in assets under management as of, 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]
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 $1,500 ($ 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]
See main article: New York City Comptroller election, 2009. 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]
See main article: New York City Comptroller Election, 2013. 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]
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]
See main article: 2021 New York City Comptroller election. The 2021 New York City Comptroller election consisted of Democratic and Republican primaries on June 22, 2021, followed by a general election on November 2, 2021. The primaries were the first Comptroller election primaries to use ranked-choice voting.[27] Incumbent Comptroller Scott Stringer was barred from running for a third term by term limits.[28]
Notable candidates included 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 also ran.