The Comptroller is New York City’s CFO. They are elected every four years and can serve up to two terms. If, for some reason, the Mayor’s and Public Advocate’s seats are empty, the Comptroller acts as Mayor. The current Comptroller is Scott Stringer, and he is up for re-election in November, 2021.
City Finances
The Comptroller performs financial audits on all city agencies, provides oversight on the city’s budget and fiscal condition, reviews city contracts, and issues reports on the state of the economy of New York City. They also manage the city’s debt.
Pension Board
The Comptroller’s Office is sometimes seen as the “custodian and investment advisor” to the city’s five big pension funds. Combined, these pension funds contain more than $140 billion dollars in assets! The Comptroller manages these funds and provides oversight on investments.
Prevailing Wage
The prevailing wage — or living wage — is set by the Comptroller’s office. The office also oversees that living wage laws are followed, and any grievances about living wage are taken up by the Comptroller’s office.
