![Page 1: Comptroller’s FY 2019 Preliminary Budget Presentation · 2018-02-22 · New York City Comptroller Scott M. Stringer @NYCComptroller Mayor’s FY 2019 Preliminary Budget Contains](https://reader036.vdocuments.mx/reader036/viewer/2022070907/5f7b1459f8cf0501c0363d72/html5/thumbnails/1.jpg)
New York City Comptroller Scott M. Stringer @NYCComptroller
Comptroller’s FY 2019 Preliminary Budget
Presentation
![Page 2: Comptroller’s FY 2019 Preliminary Budget Presentation · 2018-02-22 · New York City Comptroller Scott M. Stringer @NYCComptroller Mayor’s FY 2019 Preliminary Budget Contains](https://reader036.vdocuments.mx/reader036/viewer/2022070907/5f7b1459f8cf0501c0363d72/html5/thumbnails/2.jpg)
New York City Comptroller Scott M. Stringer @NYCComptroller
Mayor’s FY 2019 Preliminary Budget Contains Laudable Initiatives
EDUCATION3-K expansion to
new districts (2020)
Anti-bullying initiatives
CORRECTIONImprove outcomes for
women in jails
Closure of George Motchan Detention Center
on Rikers Island
NYCHA$200 million to
begin work of heating system repairs
![Page 3: Comptroller’s FY 2019 Preliminary Budget Presentation · 2018-02-22 · New York City Comptroller Scott M. Stringer @NYCComptroller Mayor’s FY 2019 Preliminary Budget Contains](https://reader036.vdocuments.mx/reader036/viewer/2022070907/5f7b1459f8cf0501c0363d72/html5/thumbnails/3.jpg)
New York City Comptroller Scott M. Stringer @NYCComptroller
$2.2
$1.5
$1.7
$91.3
$94.0
$95.3
$87.4
$88.7
$93.5
$95.5
$97.0
$86
$88
$90
$92
$94
$96
$98
FY 2018 FY 2019 FY 2020 FY 2021 FY 2022
February 2018 Financial Plan($ in billions)
Expenditures
Revenues
+1.4%
+2.2%
![Page 4: Comptroller’s FY 2019 Preliminary Budget Presentation · 2018-02-22 · New York City Comptroller Scott M. Stringer @NYCComptroller Mayor’s FY 2019 Preliminary Budget Contains](https://reader036.vdocuments.mx/reader036/viewer/2022070907/5f7b1459f8cf0501c0363d72/html5/thumbnails/4.jpg)
New York City Comptroller Scott M. Stringer @NYCComptroller
$2,945
$2,462
$2,006
$2,584
$35
$1,755
$701
$96
$1,280
$376$832
$1,518
$514
$142
$1,596
$0
$1,000
$2,000
$3,000
$4,000
$5,000
FY 2008 FY 2009 FY 2010 FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018
$2,838
$4,038
$4,700
$3,646$3,742
$4,180
$3,524
Accumulation of the Year-End Budget Surplus($ in millions)
Addition to Prior-Year Surplus Subtraction from Prior-Year Surplus
![Page 5: Comptroller’s FY 2019 Preliminary Budget Presentation · 2018-02-22 · New York City Comptroller Scott M. Stringer @NYCComptroller Mayor’s FY 2019 Preliminary Budget Contains](https://reader036.vdocuments.mx/reader036/viewer/2022070907/5f7b1459f8cf0501c0363d72/html5/thumbnails/5.jpg)
New York City Comptroller Scott M. Stringer @NYCComptroller
FY 2020 FY 2021 FY 2022
November Gap ($2,273) ($1,616) ($1,664)
Better Revenue Forecast $129 $181 $36
Citywide Savings Plan $339 $341 $296
New Spending & Other Adjustments ($380) ($374) ($413)
February Gap ($2,185) ($1,468) ($1,745)
Total Change in the Gap $88 $148 ($81)
Out-year Gaps Remain Just as Big ($ in millions)
![Page 6: Comptroller’s FY 2019 Preliminary Budget Presentation · 2018-02-22 · New York City Comptroller Scott M. Stringer @NYCComptroller Mayor’s FY 2019 Preliminary Budget Contains](https://reader036.vdocuments.mx/reader036/viewer/2022070907/5f7b1459f8cf0501c0363d72/html5/thumbnails/6.jpg)
New York City Comptroller Scott M. Stringer @NYCComptroller
19
88 8794
131125
86
73
4756
2316 16
0
20
40
60
80
100
120
140
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Annu
al C
hang
e in
Em
ploy
men
t, in
thou
sand
s
Economy and Job Growth Have Been StrongJob Growth Will Slow In Coming Years
702,000 new jobs since 2009
![Page 7: Comptroller’s FY 2019 Preliminary Budget Presentation · 2018-02-22 · New York City Comptroller Scott M. Stringer @NYCComptroller Mayor’s FY 2019 Preliminary Budget Contains](https://reader036.vdocuments.mx/reader036/viewer/2022070907/5f7b1459f8cf0501c0363d72/html5/thumbnails/7.jpg)
New York City Comptroller Scott M. Stringer @NYCComptroller
Declining City Cash Balances Are a Warning Sign($ in billions)
$0
$2
$4
$6
$8
$10
$12
$14
$16
Jul Aug Sep Oct Nov Dec Jan Feb
FY17 Cash Balances FY18 Cash Balances
$1.0 B
$5.4 B
$2.5 B
![Page 8: Comptroller’s FY 2019 Preliminary Budget Presentation · 2018-02-22 · New York City Comptroller Scott M. Stringer @NYCComptroller Mayor’s FY 2019 Preliminary Budget Contains](https://reader036.vdocuments.mx/reader036/viewer/2022070907/5f7b1459f8cf0501c0363d72/html5/thumbnails/8.jpg)
New York City Comptroller Scott M. Stringer @NYCComptroller
8.2%
2.0%
17.4%
6.4%
11.7%
9.0%
0%
2%
4%
6%
8%
10%
12%
14%
16%
18%
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Perc
ent o
f Adj
uste
d Ex
pend
iture
sCity’s Reserve Cushion is Inadequate
$2.3B
![Page 9: Comptroller’s FY 2019 Preliminary Budget Presentation · 2018-02-22 · New York City Comptroller Scott M. Stringer @NYCComptroller Mayor’s FY 2019 Preliminary Budget Contains](https://reader036.vdocuments.mx/reader036/viewer/2022070907/5f7b1459f8cf0501c0363d72/html5/thumbnails/9.jpg)
New York City Comptroller Scott M. Stringer @NYCComptroller
Agency Contribution to Savings is Low
2.7%
4.2%
3.0%2.7%
1.7%2.1%
0.6%
1.3%1.5%
0.8%
0%
1%
2%
3%
4%
5%
May 2008 May 2009 May 2010 May 2011 May 2012 May 2013 May 2015 June 2016 June 2017 Feb. 2018
Savi
ngs
(PEG
) Pro
gram
as
Per
cent
of C
ity-F
unds
Spe
ndin
g
Average Agency Savings: 1.1%
Average Agency Savings: 2.7%
![Page 10: Comptroller’s FY 2019 Preliminary Budget Presentation · 2018-02-22 · New York City Comptroller Scott M. Stringer @NYCComptroller Mayor’s FY 2019 Preliminary Budget Contains](https://reader036.vdocuments.mx/reader036/viewer/2022070907/5f7b1459f8cf0501c0363d72/html5/thumbnails/10.jpg)
New York City Comptroller Scott M. Stringer @NYCComptroller
FY 2019: Agency Watch List
HOMELESSNESS DEPT. OF EDUCATION DEPT. OF CORRECTION
![Page 11: Comptroller’s FY 2019 Preliminary Budget Presentation · 2018-02-22 · New York City Comptroller Scott M. Stringer @NYCComptroller Mayor’s FY 2019 Preliminary Budget Contains](https://reader036.vdocuments.mx/reader036/viewer/2022070907/5f7b1459f8cf0501c0363d72/html5/thumbnails/11.jpg)
New York City Comptroller Scott M. Stringer @NYCComptroller
Agency Watch List: Homeless Services($ in millions)
$1,017 $1,070 $1,188$1,414
$1,707$1,902 $1,961$103 $105
$245
$420
$588$663 $661
51,770
56,955 57,504
59,435 59,543
61,029*
$0
$500
$1,000
$1,500
$2,000
$2,500
$3,000
FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019
Shelter Prevention, Housing, Legal Services Individuals in Shelter
![Page 12: Comptroller’s FY 2019 Preliminary Budget Presentation · 2018-02-22 · New York City Comptroller Scott M. Stringer @NYCComptroller Mayor’s FY 2019 Preliminary Budget Contains](https://reader036.vdocuments.mx/reader036/viewer/2022070907/5f7b1459f8cf0501c0363d72/html5/thumbnails/12.jpg)
New York City Comptroller Scott M. Stringer @NYCComptroller
Agency Watch List: Dept. of Education
Central Administration staffing up 24% since 2012
Twice the rate of teaching staff growth
![Page 13: Comptroller’s FY 2019 Preliminary Budget Presentation · 2018-02-22 · New York City Comptroller Scott M. Stringer @NYCComptroller Mayor’s FY 2019 Preliminary Budget Contains](https://reader036.vdocuments.mx/reader036/viewer/2022070907/5f7b1459f8cf0501c0363d72/html5/thumbnails/13.jpg)
New York City Comptroller Scott M. Stringer @NYCComptroller
Agency Watch List: Dept. of Education
One-third of computer hardware unaccounted for
No follow-up to implement basic controls
![Page 14: Comptroller’s FY 2019 Preliminary Budget Presentation · 2018-02-22 · New York City Comptroller Scott M. Stringer @NYCComptroller Mayor’s FY 2019 Preliminary Budget Contains](https://reader036.vdocuments.mx/reader036/viewer/2022070907/5f7b1459f8cf0501c0363d72/html5/thumbnails/14.jpg)
New York City Comptroller Scott M. Stringer @NYCComptroller
Agency Watch List: Dept. of Education
$1 billion investment in high-speed broadband
Teachers report it doesn’t work
![Page 15: Comptroller’s FY 2019 Preliminary Budget Presentation · 2018-02-22 · New York City Comptroller Scott M. Stringer @NYCComptroller Mayor’s FY 2019 Preliminary Budget Contains](https://reader036.vdocuments.mx/reader036/viewer/2022070907/5f7b1459f8cf0501c0363d72/html5/thumbnails/15.jpg)
New York City Comptroller Scott M. Stringer @NYCComptroller
Agency Watch List: Dept. of Education
$2.7 billion in no-bid contracts
![Page 16: Comptroller’s FY 2019 Preliminary Budget Presentation · 2018-02-22 · New York City Comptroller Scott M. Stringer @NYCComptroller Mayor’s FY 2019 Preliminary Budget Contains](https://reader036.vdocuments.mx/reader036/viewer/2022070907/5f7b1459f8cf0501c0363d72/html5/thumbnails/16.jpg)
New York City Comptroller Scott M. Stringer @NYCComptroller
Agency Watch List: Dept. of Correction
13,850
9,500
$117,232
$270,876
441501
573 581 615 644
774
920
1,148
1,332
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017Avg. Daily Inmate Population Annual Cost per Inmate Fight/Assault Infractions per 1,000 ADP
The inmate population has fallen …But the cost per inmate has skyrocketed …And the number of violent incidents keeps climbing
![Page 17: Comptroller’s FY 2019 Preliminary Budget Presentation · 2018-02-22 · New York City Comptroller Scott M. Stringer @NYCComptroller Mayor’s FY 2019 Preliminary Budget Contains](https://reader036.vdocuments.mx/reader036/viewer/2022070907/5f7b1459f8cf0501c0363d72/html5/thumbnails/17.jpg)
New York City Comptroller Scott M. Stringer @NYCComptroller
Capital Commitment Plan FY 18-22($ in millions)
Education/CUNY, $14,546
Environmental Protection, $13,760
DOT & Mass Transit, $14,018 Housing & Economic Development, $11,723
Computer Equipment, $512
Citywide Equipment, $3,717
Admin. Of Justice, $5,333
Parks, $4,074
Hospitals, $3,050
Other City Operations, $8,883
$79.6 B
![Page 18: Comptroller’s FY 2019 Preliminary Budget Presentation · 2018-02-22 · New York City Comptroller Scott M. Stringer @NYCComptroller Mayor’s FY 2019 Preliminary Budget Contains](https://reader036.vdocuments.mx/reader036/viewer/2022070907/5f7b1459f8cf0501c0363d72/html5/thumbnails/18.jpg)
New York City Comptroller Scott M. Stringer @NYCComptroller
Capital Commitments Continue to Fall Well Short of Plan($ in billions)
$9.3 $8.5
$10.9
$0
$2
$4
$6
$8
$10
$12
$14
$16
$18
$20
FY 2015 FY 2016 FY 2017
Actual Commitments Authorized Commitments
65%57%
56%$14.2 $14.9
$19.2
![Page 19: Comptroller’s FY 2019 Preliminary Budget Presentation · 2018-02-22 · New York City Comptroller Scott M. Stringer @NYCComptroller Mayor’s FY 2019 Preliminary Budget Contains](https://reader036.vdocuments.mx/reader036/viewer/2022070907/5f7b1459f8cf0501c0363d72/html5/thumbnails/19.jpg)
New York City Comptroller Scott M. Stringer @NYCComptroller
Lack of Accountability in Capital Budget
Lack of AccountabilityEDC “Acquisition Fund”• $33.5 million appropriated• $0 spent
“Rockaways Infrastructure Improvements”• $20 million appropriated• $0 spent
Budget OverrunsNew Fire and Rescue (BK)• $10 million budgeted• $30 million spent
Rehab/Protective Coating Brooklyn Bridge Ramps• $509 million budgeted• $650 million spent
![Page 20: Comptroller’s FY 2019 Preliminary Budget Presentation · 2018-02-22 · New York City Comptroller Scott M. Stringer @NYCComptroller Mayor’s FY 2019 Preliminary Budget Contains](https://reader036.vdocuments.mx/reader036/viewer/2022070907/5f7b1459f8cf0501c0363d72/html5/thumbnails/20.jpg)
New York City Comptroller Scott M. Stringer @NYCComptroller