Rebuilding NYC: An Economic Recovery That Leaves No One Behind
I spent decades covering financial crises all over the world as a reporter by following the money and investigating how it is being spent.
I saw the same story play out time and again: in crisis after crisis, it was the people who were being left behind before the crisis even started that bore the brunt of the cost. Even worse, when the area had begun to recover again, those people were left behind in the recovery.
New York City is facing a historic economic crisis – the likes of which we have not seen for decades – and already we are seeing that the same communities who were struggling before the pandemic have been hit hardest by the pandemic PHYSICALLY, have been hit hardest FINANCIALLY, and are being left behind in the vaccine rollout.
New York City needs a fresh approach and new leaders. The powers that be did not prepare us for the challenges we face, and we will not rebuild a thriving city with more politics as usual.
I am running for New York City Comptroller because we cannot continue to let this happen here.
I believe that the key to a New York City comeback is having the city’s top financial officer and top watchdog be someone who knows how to follow the money.
As Comptroller, I will use the power of the office and the power of the audit to lead an economic recovery that is equitable, inclusive, and leaves no one behind.
I will scrutinize every dollar, every program, and every outcome to ensure that every initiative that comes out of City Hall is DELIVERING RESULTS when it comes to bringing back jobs, helping small businesses which are the lifeblood of our city, attracting investment back to New York City, and delivering economic justice to all New Yorkers.
Doing Right By Our Retirees (Managing the Pension Funds)
One of the core obligations of the New York City Comptroller is to be a good fiduciary as trustee to the city’s five public employee pension funds.
The pension funds contain over $253 billion dollars under management that our most essential workers – our teachers, our firefighters, our transit workers, our emergency responders, and their families – rely upon for their retirement.
The word fiduciary is a very specific word. It is a legal obligation to put the interests of New York City’s retirees front and center.
I have spent decades interviewing some of the best and some of the worst asset managers in the world.
I know what it takes to manage the pension fund in a way that maximizes returns, minimizes risk, and ensures the long-term sustainability of our pensioners’ investments.
I will be a vocal champion of initiatives to increase the allocation of assets to minority and women asset managers.
I will employ a forward-looking approach to managing the pension investments to ensure the long-term performance of our pension fund.
I will support actions like divesting from industries like fossil fuels and companies that engage in human trafficking or modern slavery. Divesting from fossil fuels is not just a moral issue: it is a smart and effective investment strategy that plans ahead for New York’s dynamic future.