The Office of Comptroller of New York City is the chief fiscal officer and chief auditing officer of the city. The comptroller is elected, citywide, to a four-year term and can hold office for two consecutive terms. The current comptroller is Democrat Scott Stringer, the former Borough President of Manhattan. Stringer was elected on November 5, 2013.
According to the city’s website, the Comptroller’s responsibilities include:
- Conducting performance and financial audits of all City agencies;
- Serving as a fiduciary to the City’s five public pension funds totaling approximately $239.8 billion in assets, as of November 2020;
- Providing comprehensive oversight of the City’s budget and fiscal condition;
- Reviewing City contracts for integrity, accountability and fiscal compliance;
- Resolving claims both on behalf of and against the City;
- Ensuring transparency and accountability in setting prevailing wage and vigorously enforcing prevailing wage and living wage laws; and
- Promoting policies that enhance City government’s commitment to efficiency, integrity and performance for all New Yorkers.
The Comptroller leads a staff of about 800 employees—including accountants, attorneys, economists, engineers, IT professionals, budget, financial and investment analysts, claim specialists and researchers, and administrative support staff. His office works collaboratively to boost communities across New York City, through its many critical functions: