June economic report

NEW Vacancy Dashboard   No. 90 - June 11, 2024 New York by the Numbers Monthly Economic and Fiscal Outlook [READ MORE]( Photo Credit: RAW-films/Shutterstock   A Message from the Comptroller Dear New Yorkers, Last month, Mayor Adams empaneled a Charter Revision Commission, ostensibly to review the City Charter and propose ways to improve City government. While there is good reason to doubt Mayor Adams’ motives for hastily appointing the Charter Revision Commission (done as part of ongoing battles with the City Council), there’s no doubt that our City would benefit from better management—including better fiscal stewardship. Responding to this opportunity, our Office has proposed a [A Stronger Fiscal Framework for New York City]( a comprehensive set of proposals to solidify our financial foundation for the future. Five decades after the City’s fiscal crisis led to the Financial Emergency Act (FEA), our proposals build upon the FEA’s core provisions. Our five proposals would ensure that we (1) accumulate sufficient “rainy-day” reserves for times of economic recession, (2) mandate regular efficiency reviews to run City agencies more efficiently while avoiding cuts to vital services, (3) ensure the long-term affordability of the City’s debt, (4) overhaul our capital planning to better face the future in an era of aging infrastructure and climate crisis, and (5) start paying our vendors on time – including our nonprofit human service providers and MWBEs – something we have failed to do for many years. I’ll be testifying before the Charter Revision Commission this week and urging them to place these proposals on the ballot this fall for voters to consider. I’m also excited to unveil a great new municipal transparency tool developed by our team. Today, we are launching the [NYC Agency Staffing Dashboard]( which includes the number of authorized and actual full-time employees for each City agency. Our [Spotlight]( this month includes analysis of City employment and vacancy trends before, during, and since the pandemic. But you don’t have to take our word for it. The dashboard allows you to look at authorized and actual headcount, by agency and employee type, going back to FY 2017, and will be updated monthly. In other words: we invite you to join us in watching the numbers, Brad Lander   Table of Contents - [The U.S. Economy]( - [New York City Economy]( - [City Finances]( [View the June Newsletter](   Spotlight Watching the Workforce Using data from its [NYC Agency Staffing Dashboard]( launched today, this month’s Spotlight examines how the number of actual full-time City employees, as well as the number of full-time positions that City agencies are authorized to hire, has changed over time and highlights how different agencies have fared. This new dashboard—which includes data going back to FY 2017 that will be updated monthly—allows the public to access to up-to-date information on City staffing by agency. [View the Spotlight](     In Case You Missed It Over the past month, the Office of Comptroller released the following announcements on the state of NYC’s economy and finances: - [A Stronger Fiscal Framework For New York City]( - [Comptroller Lander Audit Finds Driscoll Foods Shortchanged City by $9.39 Million]( - [NYC Comptroller Lander and Partners Celebrate $60 Million Investment To Preserve Nearly 35,000 Rental Units]( - [Statement from Comptroller Lander on Court Decision on Medicare Advantage]( - [Comptroller Lander Releases Analysis on FY 2025 Budget and Testifies to City Council](   [Facebook]( [Twitter]( [Instagram]( [Office of the New York City Comptroller Brad Lander]( Office of the New York City Comptroller Office of New York City Comptroller Brad Lander 1 Centre Street New York, NY 10007 United States   This email was sent to {EMAIL}. If you wish to no longer receive these messages, please unsubscribe. [unsubscribe](