Financial Control Board, New York State
skip breadcrumbsAgency Web Site: https://fcb.ny.gov/
Mission
The New York State Financial Control Board was created by the State legislature in September 1975 pursuant to the New York State Financial Emergency Act of the City of New York ("the Act"). The Act gives the Control Board powers 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 with standards set forth by the Act. In addition, the Control Board must make an annual determination whether a new control period should be recommended.
Budget Highlights
The Executive Budget recommends $3.132 million for the Financial Control Board. This is the same as the 2014-15 budget.
The Executive Budget recommends a workforce of 13 FTEs for the Financial Control Board. This represents a decrease of one FTE from the 2014-15 budget.
| Category | Available 2014-15 |
Appropriations Recommended 2015-16 |
Change From 2014-15 |
Reappropriations Recommended 2015-16 |
|---|---|---|---|---|
| State Operations | 3,131,700 | 3,131,700 | 0 | 0 |
| Total | 3,131,700 | 3,131,700 | 0 | 0 |
| Program | 2014-15 Estimated FTEs 03/31/15 |
2015-16 Estimated FTEs 03/31/16 |
FTE Change |
|---|---|---|---|
| Financial Control Board for the City of New York | |||
| Special Revenue Funds - Other | 13 | 13 | 0 |
| Total | 13 | 13 | 0 |
Note: Most recent estimates as of 01/21/2015