COMPTROLLER
PRIMARY ELECTION: JUNE 22,2021
NYC's Comptroller works as the Chief Financial Officer for the city, tasked with maintaining the fiscal health of NYC and monitoring the city's budget. The Comptroller is meant to oversee how NYC's agencies use their resources and to audit their work. The Comptroller is also meant to assess and approve city contracts and enforce wage laws for New Yorkers. The Comptroller also has a fiduciary responsibility to the city's pension fund, which equates to over 200 billion dollars.
This year will be the first year NYC institutes ranked-choice voting, meaning that voters will be able to rank their preferences of who they'd like to be elected on a 1-5 scale. If a candidate receives more than 50% of first-choice votes, that individual wins the election.
GENERAL ELECTION: NOV 2, 2021
Meet the Candidates
Brad Lander
Lander is a New York City Council member who represents the 39th District in Brooklyn and is the Council’s Deputy Leader for Policy. Lander is also a co-founder of Council’s Progressive Caucus. Lander started his career as the executive director at non-profit named Fifth Avenue Committee that develops and manages affordable housing. After a decade, he moved on to become the director of the Pratt Center for Community Development for 4 years after being elected to City Council
What stands out: While Lander has experience with city agency oversight and budgetary aspects, it seems that he does not have as much financial experience as some of his competitors. However, Lander believes there should be more transparency to the public with regard to auditing city agencies and contracted organizations to dig deeper into how effectively these organizations serve New Yorkers. Lander claims that while the public has some data to evaluate how the city spends its dollars, it's currently not enough. He's especially concerned with how agencies meant to support homelessness are performing. Lander is considered a very progressive and liberal candidate, who often cites the city's need to fund clean energy initiatives. Lander is also a supporter of the "defund the police" movement.
Learn more about his policies here: https://www.landerfornyc.com/
Brian Benjamin
Benjamin is a NY State Senator who represents the 30th District of Harlem. Benjamin started out his career in finance as an investment advisor for Merril Lynch, but he left after a few years to work with his own organizations and campaign for President Barak Obama in 2007. In 2010, Benjamin became a managing partner at Genesis Companies, a real estate firm that also helped build affordable housing in Harlem. Benjamin also became the chair of Community Board #10 in Harlem in 2016, and the following year was elected as a senator.
What stands out: Benjamin claims that his experience working in the financial private sector and as a member of Obama’s National Finance Committee equips him to take on NYC's fiscal challenges. Benjamin claims he can help NYC's pensions reach their mandated 7% returns, and if this goal isn't met, the city should chip in. Given his background in real estate, Benjamin is also a proponent of creating more affordable housing for New Yorkers and likes the idea of converting vacant hotels as a means for the homeless and those living in poverty. He would also like to significantly audit the NYPD to determine what parts of the NYPD budget are necessary as Brian is a supporter of "defunding the police." Some controversy surrounds him: Benjamin’s former company Genisis Companies was accused of stealing money from investors, and some tenants from the affordable housing program complained about the services they received. Benjamin claims he in an unpaid role when these accusations were made. His current campaign is also dealing with a straw donor scandal that they are "looking into." He also came under fire in Jan 2021 for sitting on the board of a company whose CEO was tied to overseeing subprime loans in 2008 at Morgan Stanley, although Benjamin claims he had no involvement in their role in 2008.
Corey Johnson
Johnson is the current Speaker of the New York City Council, a position he was elected to in 2019. Johnson got his start in NYC politics after joining Manhattan Community Board 4 in 2004. In 2011, he was elected as the youngest ever Chair of Manhattan Community Board 4. Johnson was subsequently elected to City Council Manhattan's District 3 in 2013.
What stands out: Johnson has been referred to rising star progressive who was even considered to be a popular mayoral candidat, before dropping out in September due to mental health issues. Johnson revealed he'd been suffering from depression, some of which stemmed from the abuse he received on the left for not making good on efforts to "defund the police." However, Johnson has maintained that many members of City Council were involved in the decision. Despite the criticism, he has touted his budgetary achievements by successfully challenging Mayor DiBlasio's attempts at social security cuts and implementing programs such as Fair Fares. Johnson has also pushed for criminal justice reform and believes cuts should be made to the NYPD budget. He claims he "fought against balancing our budget at the expense of our children and our seniors, at the expense of the homeless and the hungry.” As City Council Speaker, Johnson claims he knows NYC's budget "inside and out," which is was prepares him to be NYC's Comptroller.
Learn more about his policies here: https://www.coreyfornyc.com/
Dan Weprin
Weprin is currently a NY State Assembly member who represents the 24th District of Queens. Weprin also served under Mario Cuomo as Deputy Superintendent of Banks and Secretary of the Banking Board for New York State and New York District Chairman of the Securities Industry Association. He was also a vice president for a number of different private investment banking firms. From 02'-09' he also chaired the City Council Finance Committee. In 09', Weprin stepped down from City Council to run for Comptroller, but he lost and was subsequently fined over $300K for numerous campaign donor and public matching violations. He recently paid down the balance in order to run for comptroller.
What stands out: Weprin has held multiple positions working in finance in the private sector and working for both the city and state. Weprin specifically points to his time as the Chair of the City Council Finance Committee, where he claims he had a significant role in helping turn the post-9/11 deficit into a surplus. He said this experience gave him strong exposure to NYC's budget and finances. Weprin considers himself a progressive candidate often vying for a surcharge tax on millionaires, pushing for criminal justice reform as the Assembly Corrections Committee for the last four years, and serving on the Assembly Ways and Means Committee. Weprin has pushed for the immediate parole release of individuals over the age of 55 if they have served 15+ years, regardless of their crime, a statement many find controversial. However, he does not support "defunding the police," given the rise in crime as of late. Weprin has also pushed for auditing city agencies once a year versus the current standard of once every four years in order to root out the city's financial waste.
Learn more about his policies here: https://davidfornyc.com/
Kevin Parker
Parker is currently a NY State Senator representing the 21st district of Brooklyn, to which he was elected in 2002. He is also currently the Majority Whip and Chair of the Committee on Energy and Telecommunications. Parker has also served as Special Assistant to Comptroller H. Carl McCall.
What stands out: Parker claims his experience as a lifelong NY politician and work for the Committee on Energy and Telecommunications and NY Finance and Banking Committees is what equips him to be NYC's Comptroller. While Parker does believe in increasing taxes for multi-millionaires, he does not believe New York should “tax our way out of this crisis.” Parker would also like to focus on investing NY's pension funds into NY owned businesses. He is also of the belief that the NYPD needs to be audited in order to provide more transparency as to where police budget dollars are going. He also believes to reduce crime and gang activity that there should be more investment in extra-curricular and after-school activities. Parker also has a fair amount of controversy surrounding himself with a history of verbal and physical assault. Parker has been charged for such instances but avoided jail time. A few examples include punching a traffic officer in 05', pushing his aide Lucretia John to the ground in 08', and assaulting a photographer in 09'.
Learn more about his policies here: https://kevinparker2021.com/
Michelle Caruso
Cabrera
Caruso-Cabrera started off her career in journalism, eventually making her way to CNBC where she became an anchor in 01'. Caruso-Cabrera was eventually named "Chief International Correspondent" and stayed with CNBC for almost two decades before leaving in 2018 to join a private equity firm named Beneficient. In 2019, Caruso-Cabrera ran in the 2020 Democratic Primary for New York's 14th Congressional District but lost to incumbent Representative Alexandria Ocasio-Cortez.
What stands out: Caruso-Cabrera points to her lengthy career at CNBC as a lead anchor and financial analyst as to why she'd be a strong candidate to take on New York's fiscal challenges. While Caruso-Cabrera has mentioned her desire to reduce NYC's budget, she has also stated her desire to allocate more resources to low-income minority neighborhoods. Despite being a registered Democrat, Caruso-Cabrera was a registered Republican up until 2016. In 2010 she released a book titled "You Know I'm Right: More Prosperity, Less Government," where she advocated to get rid of social security and Medicare. Cabrera recently clarified her stance on social security and Medicare, tweeting "I support Medicare and social security-its important to take care fo the most vulnerable. Medicare for all is taking health insurance away from people who have health insurance that they already like." Caruso-Cabrera has also slammed the public school system's lack of quality and competition, consequently advocating for school vouchers that would give taxpayer dollars directly to families, who could then decide which schools they want to send their kids to — private or public.
Learn more about his policies here: https://mccforny.com/issues/
Terri Liftin
For the past 14 years, Liftin has served as the Chief Legal and Compliance Officer for three of NYC's private investment firms. Liftin started her career off working for the NY & NJ Port Authority as an economic analyst, researching monetary policy and conducting statistical analysis of worthwhile capital investments. She then went on to pursue her career as an attorney in investment management and focusing on how firms comply with state and federal laws. Liftin also went on to serve as Chief Counsel and Chief Compliance Officer for Mellon Financial, and is a member of the NYC Bar Compliance Committee.
What Stands Out: In her current role as Chief Legal and Compliance Officer for multiple private investment firms, Liftin has been tasked with negotiating investment terms, including state, local, and union pension plans, carrying out due diligence on investment managers and investments, developing audit programs, and overseeing regulatory registrations and filings. Liftin believes this experience in overseeing regulatory regulations equips her well to audit NYC's agencies to ensure they are complying with the law. Given the responsibility to also manage billions in pensions as NYC's Comptroller, Liftin claims that she already has experience negotiating terms on behalf of unions and investors in her current role. As Comptroller, Liftin plans to conduct surprise audits on agencies, involve the mayor in weekly meetings to discuss her findings, cut down on bureaucracy that costs the city hundreds of millions in court claims, and will explore the implementation of a public system that discloses where settlements and claims go. To root out waste, Liftin would also like to make public NYC's third-party contracts to understand where NYC's tax dollars go as she believes NYC's budget is potentially inflated. Liftin also wants to try to cut bureaucratic red tape on small businesses in order to jumpstart NYC's COVID hit economy.
Website: https://liftin2021.com/platform
Daby Carreras
Carreras has been a Private Wealth Manager for Spartan Capital LLC for over 10 years. Daby has also developed a non-profit named BRANDO, which focuses on addressing health issues such as kidney disease, diabetes, and obesity. Carreras has also founded the Oscar Garcia Rivera Republican Club, and started a consulting company named Drain the Swamp LLC, which focuses on helping to improve the political climate in NYC. Daby has also run for City Council, State Assembly, and previously served as the VP of the Manhattan Republican Party.
What Stands Out: Carreras claims that as a Private Wealth Manager for over a decade he's gained insight into what he calls the "two types of Wall Street." One referring to the mainline institutional Wall Street that the everyday New Yorker can get involved with, and another that caters specifically to the wealthy. In order to address this issue, Carreras would like to create and issue bonds specific to individuals who live in NYC.
Reshma Patel
Patel is a financial advisor to issuers of municipal bonds. Patel has also worked in data analytics, public finance and e-commerce. Additionally, she's also the president of the Eleanor Roosevelt Democratic Club of Manhattan, Co-Chair of Chhaya Community Development Corporation, which helps immigrant communities disproportionately affected by COVID-19, and the Vice-Chair of the Budget and Government Affairs Committee on Manhattan's Community Board 6.
What Stands Out: Through her experience as a financial advisor to issuers of municipal bonds, Patel points to having worked with NYC's Comptroller's office on a daily basis even conducting staff training sessions. In this role, Patel helped create the New York City Transitional Finance Authority, which increased NYC's capacity to issue bond for capital projects. Through this program, Patel claims to worked on over $40 billion worth of project financing for NYC. Patel's role also required her to come up with and implement ideas to minimize borrowering costs and create savings. Patel believes that the recent pandemic has highlight the city's need to innovate it's existing infrastructure, and as a result Patel has pointed to implementing Blockchain as a method to protect the pensions of our City’s retirees and fix what she calls "a broken procurement system." Patel also claims that NYC's current banking system has disproportionately affected low income minority neighborhoods, and as a result she would like to explore expanding Comptroller Scott Stringer's "Take it to the Bank" initiative which aims to have access to financial services by creating a bank account, or reviewing the existing one they have in place. Patel would also like to preserve and increase the amount of green spaces in NYC, especially in lower income areas, by auditing the NYC Parks Department which according to a report by Comptroller Stringer points to mismanagement.
Zach Iscol
Iscol started out his career by joining the Marines where he went on to serve in the Iraq War and became a decorated veteran. Upon returning to the U.S., Iscol started a non-profit named the Headstrong Project in 12', which focused on providing free mental health services to military families across 25 cities. In 2014, Iscol founded Task & Purpose, a digital media company that provides military news by and for the military and veterans community. Iscol initially started his campaign running for mayor, but subsequently dropped out to run for comptroller.
What stands out: While Iscol has received endorsements from prominent politicians like Hillary Clinton, he prides himself on not being a career politician, as he believes it separates him from special interest groups. Instead, Iscol sees himself as an entrepreneur and "non-profit leader." While Iscol considers himself progressive, he's often seen as more of a moderate who is “not in the pursuit of more radical policies.” A strong critic of Di Blasio, Iscol has blasted the current mayor's ability to address fraud and wasted money within NYC's budget. Iscol claims his ability to identify fraudelent or unessecary spending by the city will help him jumpstart NYC's budget. He also believes there is too much red tape and regulation holding businesses of NYC back and wants to establish a committee to reduce the existing requirements. While Iscol has not called to "defund the police," he has said that there is too little police accountability, citing his time in the military as the type of strict standard that he wants the NYPD to be upheld to. Iscol has also stated the dire need for reform in how the city handles the issue of rising homelessness, pointing to how despite such a large budget to tackle this issue, the city has failed to address this problem adequately.
Learn more about his policies here: https://zachiscol.com/priorities/
Chris McNickle
McNickle is a former banker having worked for Fidelity Worldwide Investment as the global head of institutional business. McNickle is also a historian, having written a few books about NYC's politics.
What makes him different: Without a website, it's tough to discern McNickle's plans for the city as a potential comptroller.
Learn more about his policies here: N/A
Alex Pan
Aside from being a college student at Denison University, there isn't a lot of information regarding Pan.
What makes him different: Pan does not have a website or any easy to access information outlining information about himself or his plans.
Learn more about his policies here: N/A