Financial Control Board, New York State
Agency Web Site: http://www.fcb.state.ny.us
The New York State Financial Control Board was created by the State legislature in September 1975 to oversee the financial management of the New York City government and certain related public authorities. The Control Board must review the City’s four-year financial plan at least quarterly, and must notify the City if a plan or modification to the financial plan does not conform to the New York State Financial Emergency Act of The City of New York's standards. In addition, the Control Board must make a determination annually whether a new control period should be recommended.
The Executive Budget recommends $3.132 million for the Financial Control Board. This is a decrease of $80,300 from the 2011-12 budget. The decrease primarily reflects increased productivity and the streamlining of agency operations.
The Executive Budget recommends a workforce of 14 FTEs for the Financial Control Board. This is the same as the 2011-12 budget.
|Financial Control Board for the City of New York|
|Special Revenue Funds - Other||14||14||0|
Note: Most recent estimates as of 1/17/2012