A Message from the New York City Comptroller
Dear New Yorkers,
New York City Comptroller
Brad Lander
I am thrilled to share the ninth Popular Annual Financial Report (PAFR) covering Fiscal Year 2023, which began in July 2022 and ran through June 2023. This report is a concise and simplified overview of the financial details contained in the previously released Annual Comprehensive Financial Report (ACFR).
You can’t manage what you can’t measure, and the PAFR and accompanying ACFR provide an accounting of The City of New York’s finances, including the state of the local economy, and how public dollars are spent.
As we continue to face economic uncertainty, it is clear that New York City’s economy is resilient and has surpassed recovery expectations. We remain on solid footing, but also remain focused on long-term risks, which will require establishing a sustainable long-term savings program to address outyear budget gaps and generating additional revenue streams to pay for strategic investments. This year’s report underscores the importance of ongoing investments in critical City services and thoughtful budgeting that will ensure a thriving and equitable economy for all New Yorkers.
I am thankful to the dedication of Comptroller’s Office staff, especially to our Bureau of Accountancy, which has compiled this report. My office remains committed to increasing transparency throughout City government and providing residents with insight into the delivery of City services.
Sincerely,
Brad Lander