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Comptroller of the City of New York
Seal of the City of New York.svg
Seal of the City of New York
Incumbent
John Liu

since January 1, 2010
Term length 4 years (renewable)
Formation 1801 (1898 consolidated City)
Website New York City Office of the Comptroller

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 three consecutive terms. The current comptroller is Democrat John Liu, formerly a member of the New York City Council. Liu was elected on November 3, 2009.

Contents

Duties

The comptroller is responsible for auditing the performance and finances of city agencies, making recommendations regarding proposed contracts, issuing reports on the state of the city economy, marketing and selling municipal bonds, managing city debt, and serving as managing trustee of the public employees pensions funds. As managing trustee, the comptroller presides over the boards of the funds, along with managing assets. Overall fund governance is with boards of the individual funds.

History

The office was created as an appointive office in 1801, and in 1831, the Comptroller became head of the department of finance. In 1884 the office became elective, and in 1938 the comptroller became head of a separate, independent department of the City's government.

Until it was found unconstitutional in 1989, the Comptroller served on the eight-member New York City Board of Estimate, which was composed of the Mayor of New York City, the Comptroller and the President of the New York City Council, each of whom was elected citywide and had two votes, and the five Borough presidents, each having one vote.

If vacancies should simultaneously occur in the offices of Mayor of New York City and New York City Public Advocate (formerly President of the City Council or Board of Aldermen), the Comptroller would become Acting Mayor.

These have been the three offices elected city-wide, so traditional practice has tried to balance a winning three-candidate ticket among the City's different ethnic, religious and political interests (and, more recently, between the sexes). But, while there is a delicate interaction between the campaigns for the three offices, the actual election results can sometimes differ quite markedly. (For examples of three such municipal tickets, see the article about Alan Hevesi).

2009 election

The Democratic nominee in the 2009 general election, John Liu won 76% of the citywide vote on Tuesday, November 3. The Republican nominee, Joseph Mendola, won 19.3%; the Conservative nominee, Stuart Avrick, 2.5%; and others 2.3%.[1][2][3]

Comptrollers of the City of New York since Consolidation (1898)

† (first term)

Historical Source: Article on "comptroller" by Noel C. Garelick in The Encyclopedia of New York City, edited by Kenneth T. Jackson (Yale University Press and The New York Historical Society, New Haven, Connecticut, 1995, ISBN 0-300-05536-6)

References

External links

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