New York, NY — Today, New York City Comptroller Brad Lander released the Annual Report on Capital Debt and Obligations for Fiscal Year (FY) 2026. The report analyzes the City of New York’s outstanding debt, remaining borrowing capacity, debt affordability, and credit profile. The report highlights the City’s advantage of being a leader of the global economy but also identifies long-term challenges of funding necessary infrastructure projects through the utilization of long-term debt. The City primarily issues debt to fund its capital program through...
New York, NY — Today, New York City Comptroller Brad Lander released a Net Zero Implementation Plan update to trustees of the New York City Employees’ Retirement System (NYCERS), Teachers’ Retirement System (TRS), and Board of Education Retirement System (BERS). The update recommends that the three Systems rebid BlackRock’s U.S. public equities index mandates and terminate those of active managers Fidelity and PanAgora. The recommendation follows a robust evaluation of the pension systems’ 49 public market managers. While 46 of...
New York, NY — Today, the Office of New York City Comptroller Brad Lander released the Popular Annual Financial Report (PAFR) for the fiscal year (FY) ending June 30, 2025. The PAFR provides the public with a concise and accessible snapshot of the financial statements and details published in the accompanying Annual Comprehensive Financial Report (ACFR). The PAFR is a widely used resource for New Yorkers and various stakeholders seeking an easy-to-understand explanation of the City’s fiscal health. It includes explanatory visuals to increase accessibility for...
New York, NY – Today, New York City Comptroller Brad Lander released the Fiscal Year 2025 report of pension investments and commitments with minority- and women-owned asset management firms. Over the course of FY25, investments reached an historic $26.5 billion, rising more than $3 billion since the end of FY24 and nearly $10 billion from the $16.82 billion in investments and commitments at the beginning of Comptroller Lander’s tenure. “Expanding access to investment opportunities with the New York City retirement systems...
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