All articles tagged with #comptroller
With roughly 92% of votes counted, state Rep. Margaret Croke leads state Sen. Karina Villa 34.6% to 32.2% in the Illinois Democratic primary for comptroller, while Lake County Treasurer Holly Kim is third at 24% and about 88,000 Chicago mail ballots remain outstanding; results remain too close to call as remaining ballots could shift the outcome, and the winner will face Republican Bryan Drew in November.
New York City Comptroller Mark Levine says Mayor Zohran Mamdani faces a cumulative $12 billion budget gap—about $2 billion this year and roughly $10 billion next year—and vows to be an activist watchdog, outlining plans to triple the pension funds’ investment in subsidized housing to $3 billion, resume Israeli-bond purchases for the pension portfolio, and audit the Housing Preservation and Development agency to speed housing, while noting tax increases are unlikely unless Hochul includes them in her budget.
The $432 million no-bid contract awarded by New York City officials to medical services provider DocGo for housing and caring for migrants has been rejected by the city comptroller's office. Comptroller Brad Lander raised concerns about DocGo's lack of experience in providing services such as social work and housing, as well as the company's questionable financial value and workplace violations. The rejection prevents the city from paying DocGo for any work submitted under the contract, but Mayor Eric Adams has the power to override the decision. The contract has already faced scrutiny for bypassing competitive bidding processes and allegations of mistreatment of migrants.
Texas lawmakers have introduced bills to create a state-issued, gold-backed digital currency that is fully redeemable in cash or gold. The comptroller would establish a mechanism to allow the new gold-backed digital currency to be used by citizens for their daily transactions. All gold reserves backing the digital currency would be held in a trust with the Texas Bullion Depository that is controlled by the comptroller or another entity appointed by the comptroller. There will be no limit on the amount of gold-backed digital currency that Texans can purchase. The value of each unit of the digital currency will be determined at the time of a transaction and must be equal to the value of the appropriate fraction of a troy ounce of gold at the time of that transaction.