June 17, 2026
New York State Comptroller Thomas P. DiNapoli released a statement today on New York City’s Reserves.
“I am encouraged by Mayor Mamdani and City Comptroller Levine’s announcement that they are seriously considering establishing clearer policies for New York City’s reserves, including defining their purpose, setting funding targets, and creating a plan to replenish reserves when they are used. As my office has noted, most large U.S. cities have adopted these types of clear guidelines. They provide greater transparency for stakeholders, confidence for investors and strengthen the fiscal preparedness of the nation’s largest city.”