Comptroller of the City of New York | |
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since January 1, 2022 | |
Abbreviation | Comp. |
Term length | 4 years (renewable) Two-term limit |
Constituting instrument | New York City Charter |
Formation | 1801 (1898 consolidated City) |
First holder | Selah Strong (1802–1805) |
Succession | Second in the New York City mayoral line of succession |
Salary | $209,050 (2020) USD [1] |
Website | New York City Office of the Comptroller website |
The Office of Comptroller of New York City, a position established in 1801, is the chief financial officer and chief auditor of the city agencies and their performance and spending. The comptroller also reviews all city contracts, handles the settlement of litigation claims (amounting to $975 million in 2019), issues municipal bonds, and manages the city's very large pension funds ($240 billion in assets under management as of 2020).
The comptroller is elected citywide to a four-year term, and can hold office for two consecutive terms. As of 2021, the comptroller had a staff of 800 people, and a budget of over $100 million. If vacancies were to occur simultaneously in the offices of Mayor of New York City and New York City Public Advocate, the comptroller would become acting mayor.
The current comptroller is Democrat Brad Lander. He was elected in 2021.