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<title>David Yassky for New York City Comptroller</title>
<link rel="alternate" type="text/html" href="http://www.davidyassky.com/" />
<modified>2008-08-06T16:48:35Z</modified>
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<id>tag:www.davidyassky.com,2008://1</id>
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<copyright>Copyright (c) 2008, mezcla</copyright>
<entry>
<title></title>
<link rel="alternate" type="text/html" href="http://www.davidyassky.com/2008/06/some_men_look_a.php" />
<modified>2008-08-06T16:48:35Z</modified>
<issued>2008-06-24T17:29:18Z</issued>
<id>tag:www.davidyassky.com,2008://1.165</id>
<created>2008-06-24T17:29:18Z</created>
<summary type="text/plain"><![CDATA[&quot;Some men look at things as they are and say &#39;Why?&#39;; I dream of things that never were and ask &#39;Why not?&#39;&quot;.&mdash; Robert F. KennedyDear New Yorker,This year will bring a historic change for our country.&nbsp; In November, I believe...]]></summary>
<author>
<name>mezcla</name>

<email>info@mediamezcla.com</email>
</author>
<dc:subject>Welcome</dc:subject>
<content type="text/html" mode="escaped" xml:lang="en" xml:base="http://www.davidyassky.com/">
<![CDATA[<blockquote><p><em>&quot;Some men look at things as they are and say &#39;Why?&#39;; I dream of things that never were and ask &#39;Why not?&#39;&quot;.<br /></em></p><blockquote><em>&mdash; Robert F. Kennedy</em></blockquote></blockquote><p>Dear New Yorker,</p><p>This year will bring a historic change for our country.&nbsp; In November, I believe that we Americans will elect Barack Obama as our President not only because he offers better policies, but because he promises to make a fundamental change in our approach to politics.</p><p>Here in New York, we&#39;ve already started.&nbsp; We have begun to forge a new and exciting brand of progressive urban government.&nbsp; We have strived for a politics that elevates the common good over special interests, promotes innovation over bureaucracy, and values pragmatic results over partisan rhetoric.</p><p>I am running for Comptroller to bring this distinctive approach to the highest levels of New York City government. We cannot afford to go back to politics as usual.</p><p>On the City Council, I have fought to shine a light on government finances, save taxpayers money, create jobs and clean our environment.&nbsp; I have implemented real solutions to long-standing problems in our City, reflecting my belief that if we tackle challenges thoughtfully and with open minds, we succeed.</p><p>I will apply this same independent-minded approach as New York City&#39;s Comptroller.&nbsp; As the taxpayers&#39; watchdog, I will make sure we get every penny&#39;s worth of value from our City agencies.&nbsp; I will demand accountability from every official and from every program we fund.&nbsp; I will force open the doors of government to make sure there are no backroom deals and no hidden spending.&nbsp; And I make this promise to you: In my administration, just as under Comptroller Bill Thompson, every investment decision will be based only on the interests of the pension beneficiaries and the people of New York - there will be zero tolerance for any form of pay-to-play politics.</p><p>Most important, I will measure my success &ndash; just as I have in the City Council &ndash; not by headlines or elections, but by concrete results.</p><p>Thank you for visiting my website, and thank you for choosing to get involved in the critical debate about our City&#39;s future.&nbsp; Our city may have difficult economic times ahead, and we will certainly face unforeseen challenges.&nbsp; Working together, embracing reform and holding our elected officials to higher standards of accountability, we can build a government that is every bit as creative, energetic and determined as New Yorkers are.</p><p>I ask you to join me in this effort.</p><p><img src="http://www.davidyassky.com/images/Yassky-Signature.gif" border="0" /> <br />David Yassky </p>]]>

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</entry>
<entry>
<title></title>
<link rel="alternate" type="text/html" href="http://www.davidyassky.com/2008/06/the_comptroller_1.php" />
<modified>2008-06-25T19:08:38Z</modified>
<issued>2008-06-24T17:21:53Z</issued>
<id>tag:www.davidyassky.com,2008://1.164</id>
<created>2008-06-24T17:21:53Z</created>
<summary type="text/plain">The Comptroller is the taxpayers’ watchdog, serving as the City’s Chief Financial Officer; fiscal auditor; investment advisor and enforcement agent protecting working people.  Second only to the Mayor in terms of the scope and responsibilities of the office, the Comptroller has financial oversight over virtually all city agencies and spending.</summary>
<author>
<name>mezcla</name>

<email>info@mediamezcla.com</email>
</author>
<dc:subject>What Is the NYC Comptroller?</dc:subject>
<content type="text/html" mode="escaped" xml:lang="en" xml:base="http://www.davidyassky.com/">
<![CDATA[<p>The Comptroller is the taxpayers&rsquo; watchdog, serving as the City&rsquo;s Chief Financial Officer; fiscal auditor; investment advisor and enforcement agent protecting working people.&nbsp; Second only to the Mayor in terms of the scope and responsibilities of the office, the Comptroller has financial oversight over virtually all city agencies and spending.</p><p>The New York City Comptroller is the City&rsquo;s independently elected Chief Financial Officer.&nbsp; Because the Comptroller is elected directly by the people of New York, he or she serves only their interests, acting as the taxpayers&rsquo; watchdog and their voice on city spending decisions.&nbsp; The Comptroller is responsible for making sure that programs run efficiently; agencies act responsibly and are held accountable if they do not; all business is done with complete transparency; and that all government officials are held to the highest standards of integrity and ethics.</p><p>To achieve this, the Comptroller monitors the City&rsquo;s finances and advises the public (and elected officials) on the state of those finances, allowing for objective decisions on how to best protect taxpayer funds.&nbsp; The Comptroller audits city agencies and specific programs within those agencies to identify waste and to determine the effectiveness and efficiency of each program.&nbsp; In each year&rsquo;s audits, the Comptroller identifies millions of dollars in wasteful spending and abuse, forwarding information on criminal activity to the appropriate District Attorney when necessary.</p><p>Beyond traditional programmatic spending, New York City also spends over nine billion dollars per year on procurement contracts, buying a broad array of goods and services.&nbsp; The Comptroller reviews and registers all city contracts, making sure that proper procurement rules were followed, and ensuring that agencies and vendors are meeting their responsibilities to the taxpayers.</p><p>The Comptroller also oversees the pension funds for city employees, investing the funds on behalf of over 500,000 current and future retirees.&nbsp; While the Comptroller is legally bound to generate the best possible rate of return, in recent years, Comptrollers have found that they could maintain earnings while using the investment power of the funds to promote other goals such as building affordable housing, helping small businesses, encouraging companies to be more environmentally conscious and putting pressure on terror-sponsoring states like Iran and the Sudan to change their ways.</p><p>To protect the rights of working people, the Comptroller serves as the enforcement officer for prevailing wage laws in New York City.&nbsp; This means that the Comptroller has the authority to enforce the law if unscrupulous contractors try to pay working people less than they are legally entitled to for work performed on many city-financed projects.&nbsp; In this way, the Comptroller has recovered hundreds of thousands of dollars in back wages for cheated workers, and debarred guilty contractors from doing business with the city for five years.</p><p>This combination of responsibilities &ndash; spending oversight, investment, economic analysis and contract review - makes the Comptroller one of the City&rsquo;s leading economic officers.&nbsp; He or she is in a unique position to build the City&rsquo;s economy by directly creating jobs through smart investments; demanding innovation and accountability in the City&rsquo;s traditional economic development programs; and providing independent analysis on impending economic challenges that the city will face.</p><p>&nbsp;</p>]]>

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</entry>
<entry>
<title>Affordable Housing</title>
<link rel="alternate" type="text/html" href="http://www.davidyassky.com/2008/06/affordable_hous.php" />
<modified>2008-06-24T17:19:12Z</modified>
<issued>2008-06-24T17:17:07Z</issued>
<id>tag:www.davidyassky.com,2008://1.163</id>
<created>2008-06-24T17:17:07Z</created>
<summary type="text/plain"><![CDATA[On the Council, I have made it a priority to find new and innovative ways to expand the supply of affordable housing in New York City.&nbsp; We were successful in pushing for reforms that reward developers who actually create affordable...]]></summary>
<author>
<name>mezcla</name>

<email>info@mediamezcla.com</email>
</author>
<dc:subject>David Yassky on the Issues</dc:subject>
<content type="text/html" mode="escaped" xml:lang="en" xml:base="http://www.davidyassky.com/">
<![CDATA[<p>On the Council, I have made it a priority to find new and innovative ways to expand the supply of affordable housing in New York City.&nbsp; We were successful in pushing for reforms that reward developers who actually create affordable housing as they develop market-rate or luxury housing, but there is far more to be done.</p><p>We need to continue our efforts to require that all new large-scale housing construction includes affordable homes for middle and working class families.&nbsp; With real estate all over the city being rezoned into residential property, it is critical that we make sure that some of the newly developed housing be affordable for the hardworking men and women who build it.&nbsp; As part of this effort, I joined with a number of City Council members, faith leaders, housing groups, development corporations, and community organizations to <a href="http://www.nysun.com/new-york/opposition-lines-up-against-bloomberg-rezoning/3542/" target="_blank">demand that the Mayor implement an inclusionary zoning requirement in the rezoning process</a>.</p>]]>
<![CDATA[<p>Further, on the Council, I successfully advocated for a groundbreaking &ldquo;421-a&rdquo; legislation that eliminated tax loopholes for luxury developers who were ignoring the City&rsquo;s need for affordable housing. This same legislation created tax incentives for developers who set aside significant portions of their buildings for low-income families, creating thousands of new units of affordable housing and saving City taxpayers an estimated $5 billion.</p><p>However, we also need to remember that the nation&rsquo;s largest single developer of affordable housing is the City&rsquo;s Department of Housing Preservation and Development (HPD).&nbsp; In the past two years, Comptroller Thompson has issued audits showing that HPD was not doing enough to ensure that Mitchell-Lama apartments were being fairly awarded to prospective tenants, and that HPD was not doing an adequate job in its administration of the J-51 Tax Program, which is supposed to provide tax incentives for new housing through rehabilitation of existing housing or conversion from non-residential properties.</p><p>On the Council, I led an investigation into HPD&rsquo;s HomeWorks and StoreWorks programs, which were designed to rehabilitate abandoned commercial and residential properties, which found gross mismanagement of these programs [Link to:&nbsp; http://www.nysun.com/opinion/wasting-new-yorkers-tax-dollars/51805/ ]. With housing nearing a crisis point in New York City, we need to increase our oversight of this critical agency to make sure that every dollar is spent wisely, effectively, and efficiently.</p><p>I will also continue Comptroller&rsquo;s Thompson&rsquo;s work to look for new ways to invest pension funds in affordable housing projects &ndash; in recent years we&rsquo;ve made significant investments that not only increase the amount of affordable housing, but also provide a good return for the pension funds.&nbsp; This is important for many reasons, not least of which is the fact that when cities lose their middle class, they become economically unsustainable.&nbsp; Working in partnership with labor unions and other institutional investors, we can develop the housing that will keep New York City strong by making sure our middle class families can afford to live here.</p>]]>
</content>
</entry>
<entry>
<title>Cutting Taxes</title>
<link rel="alternate" type="text/html" href="http://www.davidyassky.com/2008/06/cutting_taxes.php" />
<modified>2008-06-24T17:11:48Z</modified>
<issued>2008-06-24T17:10:52Z</issued>
<id>tag:www.davidyassky.com,2008://1.162</id>
<created>2008-06-24T17:10:52Z</created>
<summary type="text/plain"><![CDATA[My approach to taxes in New York City will be based on one overriding principle:&nbsp; We must ease the tax burden on the working poor, middle-class families and small businesses.&nbsp; In the Council, I have worked to make sure that...]]></summary>
<author>
<name>mezcla</name>

<email>info@mediamezcla.com</email>
</author>
<dc:subject>David Yassky on the Issues</dc:subject>
<content type="text/html" mode="escaped" xml:lang="en" xml:base="http://www.davidyassky.com/">
<![CDATA[<p>My approach to taxes in New York City will be based on one overriding principle:&nbsp; We must ease the tax burden on the working poor, middle-class families and small businesses.&nbsp; In the Council, I have worked to make sure that everyone eligible receives the Earned Income Tax Credit, and I have proposed enhancing the EITC to allow more families to access this program.&nbsp; This is a critical tax cut that would benefit those who need it most - hardworking New Yorkers who earn little more than the minimum wage.&nbsp; In this tough economy and with the cost of living on the increase, we need to do everything we can to help working families keep a little more of the money they earn.</p>]]>
<![CDATA[<p>We need to re-examine many of our old taxes, to assess whether they still make sense in our current fiscal climate.&nbsp; For example, New York City currently taxes freelancers and small entrepreneurs unfairly through the Unincorporated Business Tax, <a href="http://www.nysun.com/new-york/freelancers-target-a-tax-for-removal/52492/" target="_blank">using an archaic tax structure that is simply not appropriate for the modern economy</a>.&nbsp; We also need to look at the tax loopholes that are available to big businesses and determine whether they are actually helping our economy and creating jobs, or merely hurting small businesses by giving big businesses an unfair advantage.</p><p>As Comptroller, I will seek input from individual taxpayers and businesses to identify those taxes that may cost us more in lost economic activity than they generate in revenue for the city.&nbsp; I will direct economists within the office to perform economic analyses of any such taxes, and urge the Council and the Mayor to repeal any taxes that create a net loss for the city.</p>]]>
</content>
</entry>
<entry>
<title>Promoting Job Growth and Diversification</title>
<link rel="alternate" type="text/html" href="http://www.davidyassky.com/2008/06/promoting_job_g.php" />
<modified>2008-06-24T17:09:58Z</modified>
<issued>2008-06-24T17:09:05Z</issued>
<id>tag:www.davidyassky.com,2008://1.161</id>
<created>2008-06-24T17:09:05Z</created>
<summary type="text/plain"><![CDATA[New York City is at a crossroads in determining our economic future.&nbsp; While the financial services industry has provided high-paying jobs to thousands of individuals and has kept us afloat during tough economic times, we must recognize that being too...]]></summary>
<author>
<name>mezcla</name>

<email>info@mediamezcla.com</email>
</author>
<dc:subject>David Yassky on the Issues</dc:subject>
<content type="text/html" mode="escaped" xml:lang="en" xml:base="http://www.davidyassky.com/">
<![CDATA[New York City is at a crossroads in determining our economic future.&nbsp; While the financial services industry has provided high-paying jobs to thousands of individuals and has kept us afloat during tough economic times, we must recognize that being too dependent on any one sector carries a risk &ndash; if that sector suffers a downturn, our entire economic base erodes.&nbsp; This is precisely what we are seeing right now in New York State and New York City &ndash; as the financial sector recedes, we are facing significant deficits because of lost tax revenue.&nbsp; So, while we want to make sure we keep the finance industry here in New York, we must also diversify our economy to keep it more stable during unavoidable economic shifts.]]>
<![CDATA[<p>I have worked toward this goal on the Council, creating jobs through innovative programs that have encouraged the film and television industry to expand here in New York, created low-cost space for manufacturers who want to start up or expand in New York City, and <a href="http://www.councilmemberyassky.com/2007/03/the_loans_may_b.php" target="_blank">proposed a unique micro-lending program for entrepreneurs and other small businesses</a>. </p><p>As Comptroller, I will continue to push for new ways to expand our job base, including creating a new program, called the Five Borough Investment Program, modeled after the New York State Common Retirement Fund&rsquo;s &ldquo;In-State Private Equity Investment Program.&rdquo;&nbsp; This program has provided above-market-rate returns to the Fund, while simultaneously providing much-needed capital to help businesses within the State.</p><p>I will also use the audit power of my office to hold all job-development programs to the highest standards of accountability.&nbsp; Far too often, businesses are given tax breaks and then fail to create the jobs they promised or worse yet move out of our city completely.&nbsp; As City Comptroller, I will audit each economic development program, report back to the taxpayers on the effectiveness and cost of that program, and make appropriate recommendations for fixing the problem we find.</p>]]>
</content>
</entry>
<entry>
<title>Protecting the Environment</title>
<link rel="alternate" type="text/html" href="http://www.davidyassky.com/2008/06/protecting_the.php" />
<modified>2008-06-24T17:08:46Z</modified>
<issued>2008-06-24T17:08:13Z</issued>
<id>tag:www.davidyassky.com,2008://1.160</id>
<created>2008-06-24T17:08:13Z</created>
<summary type="text/plain"><![CDATA[Few cities are as sensitive to environmental change as New York City, yet we have done far too little to protect our natural resources and to protect ourselves from the dangers of global warming.&nbsp; With childhood asthma rates continuing to...]]></summary>
<author>
<name>mezcla</name>

<email>info@mediamezcla.com</email>
</author>
<dc:subject>David Yassky on the Issues</dc:subject>
<content type="text/html" mode="escaped" xml:lang="en" xml:base="http://www.davidyassky.com/">
<![CDATA[Few cities are as sensitive to environmental change as New York City, yet we have done far too little to protect our natural resources and to protect ourselves from the dangers of global warming.&nbsp; With childhood asthma rates continuing to soar &ndash; especially in many of our lowest-income communities &ndash; we need to do more to clean our air.&nbsp; I wrote the law that put gas-electric hybrid taxis on city streets, reducing air pollution by replacing obsolete gas guzzlers; and I have pushed for the City to use biofuels instead of conventional heating oil whenever possible.&nbsp; But that is just the beginning.]]>
<![CDATA[<p>As Comptroller, I will audit agencies to push for higher levels of energy efficiency throughout the city administration, which will help clear our air and save taxpayers&rsquo; money, including pushing for all city-owned cars to meet hybrid efficiency standards, with exceptions for emergency vehicles that cannot maintain their performance with Hybrid technology.&nbsp; And just as Comptrollers Thompson and Dinapoli have done, I will use the investment power of the pension funds to urge energy and other companies to cut back on their emissions of carbon dioxide and other greenhouse gases; and I will invest the pension funds in green technology companies that can help the environment while giving us a substantial return on investment.</p>]]>
</content>
</entry>
<entry>
<title>First Rate Schools</title>
<link rel="alternate" type="text/html" href="http://www.davidyassky.com/2008/06/first_rate_scho.php" />
<modified>2008-06-24T17:01:46Z</modified>
<issued>2008-06-24T16:59:44Z</issued>
<id>tag:www.davidyassky.com,2008://1.159</id>
<created>2008-06-24T16:59:44Z</created>
<summary type="text/plain"><![CDATA[Every New York City school can and should offer a first-rate education for our kids, but in far too many of our schools districts that&rsquo;s simply not the case.&nbsp; As neighborhoods have changed, the City has failed to plan appropriately...]]></summary>
<author>
<name>mezcla</name>

<email>info@mediamezcla.com</email>
</author>
<dc:subject>David Yassky on the Issues</dc:subject>
<content type="text/html" mode="escaped" xml:lang="en" xml:base="http://www.davidyassky.com/">
<![CDATA[<p>Every New York City school can and should offer a first-rate education for our kids, but in far too many of our schools districts that&rsquo;s simply not the case.&nbsp; As neighborhoods have changed, the City has failed to plan appropriately and today, thousands of children struggle with bloated class sizes and underfunded schools.</p><p>We also need to re-examine the structure of Mayoral control, which was enacted to enhance accountability but has number of shortcomings that must be addressed.&nbsp; Parents and communities need to have a real opportunity for input into the decision-making process for schools in their neighborhoods.&nbsp; On a broader level, serious questions have been raised about procurement procedures and the fact that our schools fall outside the audit authority of the City Comptroller.&nbsp; We need close these loopholes to make sure that there are built-in systems of accountability and proper internal controls for education spending.</p>]]>
<![CDATA[<p>This year, I stood with Speaker Christine Quinn, Council Member Robert Jackson and Assembly Speaker Sheldon Silver to oppose the Mayor&rsquo;s cuts to the education budget, because every dollar we spend on New York&rsquo;s children is an investment that will pay huge dividends in the future.</p><p>We need practical solutions to the problems in our schools.&nbsp; To improve the learning environment for all of our children, I have been a <a href="http://www.nysun.com/opinion/why-not-detention/66859/" target="_blank">strong advocate for giving principals and teachers more authority</a> to deal with unruly, disruptive students.&nbsp; I also led the fight in the Council to eliminate junk food and bring healthy options to our public school cafeterias.&nbsp;&nbsp; Kids don&rsquo;t learn well if they&rsquo;re not eating well, and it&rsquo;s our responsibility to make that that the food we provide is nutritious and healthy.</p><p>As Comptroller, I will be relentless in demanding accountability and transparency in educational spending.&nbsp; I will also insist on urban planning audits to figure out where populations are rising and will require additional public schools.&nbsp;&nbsp; I believe that no family should have to look beyond their own neighborhood to secure a word-class public education for their children.</p><p>With the billions of dollars spent each year for our schools, it is shocking that when the state legislature put our schools under mayoral control, they did so without giving the City Comptroller the authority to audit school spending.&nbsp; I will work with the state legislature to correct this oversight, so city taxpayers can monitor how their tax dollars are being spent.</p>]]>
</content>
</entry>
<entry>
<title>Budget Reform</title>
<link rel="alternate" type="text/html" href="http://www.davidyassky.com/2008/06/budget_reform.php" />
<modified>2008-06-24T16:58:18Z</modified>
<issued>2008-06-24T16:53:33Z</issued>
<id>tag:www.davidyassky.com,2008://1.158</id>
<created>2008-06-24T16:53:33Z</created>
<summary type="text/plain"><![CDATA[Recently, we have all seen the danger of abuse in our budget process.&nbsp; I have proposed to prevent such a scandal from ever occurring again.&nbsp; Under my proposal, city agencies would have to ensure that organizations receiving taxpayer funds have...]]></summary>
<author>
<name>mezcla</name>

<email>info@mediamezcla.com</email>
</author>
<dc:subject>David Yassky on the Issues</dc:subject>
<content type="text/html" mode="escaped" xml:lang="en" xml:base="http://www.davidyassky.com/">
<![CDATA[<p>Recently, we have all seen the danger of abuse in our budget process.&nbsp; <a href="http://www.nypost.com/seven/04292008/postopinion/opedcolumnists/time_to_clean_up_108613.htm" target="_blank">I have proposed to prevent such a scandal from ever occurring again</a>.&nbsp; Under my proposal, city agencies would have to ensure that organizations receiving taxpayer funds have the capacity and ability to administer those funds; all groups receiving earmark funds would be subject to routine audits; potential conflicts of interest would have to be disclosed and reviewed by the Conflicts of Interest Board; and the entire budget &ndash; including earmarks &ndash; would be posted on the web for the public to review.</p>]]>
<![CDATA[But earmark reform, while necessary, only scratches the surface of the real budget reforms we need to see passed.&nbsp; The current process is incredibly anti-democratic: the budget is negotiated behind closed doors and presented to the Council for an up-or-down vote with no opportunity for amendment.&nbsp; Instead, each department&rsquo;s budget should be presented to the appropriate committee for review and amendment, with the Council being able to change spending levels for individual programs but not increase the overall level of spending.&nbsp; This will open up our budgeting process so the entire Council and every taxpayer in New York knows where and how their money is being spent.<br /> <p>Ultimately, we are all taxpayers, and we are all paying for the New York City government.&nbsp; We need tough standards in place to make sure that we are getting the best return on our investment from every sector of the city government.<br /> </p>As Comptroller, in addition to pushing for budget reform, I will aggressively audit City agencies to identify and eliminate any waste or fraud, and to encourage efficiency and innovation by praising those agencies that do a good job for the taxpayers.&nbsp; And I will push the City Council to require that all agency audits are posted not only on the Comptroller&rsquo;s website, but also prominently featured on the agency&rsquo;s website.<br /> ]]>
</content>
</entry>
<entry>
<title></title>
<link rel="alternate" type="text/html" href="http://www.davidyassky.com/2008/06/the_comptroller.php" />
<modified>2008-07-01T16:39:51Z</modified>
<issued>2008-06-24T16:52:55Z</issued>
<id>tag:www.davidyassky.com,2008://1.157</id>
<created>2008-06-24T16:52:55Z</created>
<summary type="text/plain"><![CDATA[The Comptroller is the fiscal watchdog for New York City.&nbsp; He or she has the responsibility and the authority to open up the books of city agencies and make sure that city taxpayers are seeing the results of funds spent...]]></summary>
<author>
<name>mezcla</name>

<email>info@mediamezcla.com</email>
</author>
<dc:subject>David Yassky on the Issues</dc:subject>
<content type="text/html" mode="escaped" xml:lang="en" xml:base="http://www.davidyassky.com/">
<![CDATA[<img src="/images/DavidYassky077a.jpg" border="0" hspace="15" vspace="15" width="250" height="374" align="right" /><p>The Comptroller is the fiscal watchdog for New York City.&nbsp; He or she has the responsibility and the authority to open up the books of city agencies and make sure that city taxpayers are seeing the results of funds spent in their name.&nbsp; On all of those issues which are important to New Yorkers &ndash; issues like taxes, housing, our environment, schools and health care &ndash;&nbsp; I will lead the fight to make sure that every dollar is spent wisely and every program runs at its peak efficiency.</p><p>As Comptroller, I will honor the covenant with you, the taxpayers, to be your watchdog inside the city government, always serving your best interests and always looking to protect your hard-earned money.&nbsp; To achieve this, my administration will be based on good government principles of transparency, accountability and integrity; and on my personal belief that as a progressive, it is my responsibility to make sure that when the government spends money, it does so prudently and effectively.</p><p>Over the course of this campaign, I&rsquo;ll be going to every borough, to as many neighborhoods as possible, to talk about my vision for the Office of the City Comptroller.&nbsp; As I do, I hope to have a chance to meet each of you personally to discuss the issues facing our city, but in the meantime, I wanted to share with you my thoughts on some of the more pressing matters we face.</p>]]>

</content>
</entry>
<entry>
<title></title>
<link rel="alternate" type="text/html" href="http://www.davidyassky.com/2008/06/a_stellar_recor.php" />
<modified>2008-06-24T16:51:48Z</modified>
<issued>2008-06-24T16:49:57Z</issued>
<id>tag:www.davidyassky.com,2008://1.156</id>
<created>2008-06-24T16:49:57Z</created>
<summary type="text/plain"><![CDATA[&quot;A stellar record on the Council, leading groundbreaking work on gun control, affordable housing, the environment and jobs creation&quot; &mdash; New York Times, August 30, 2006&ldquo;He&rsquo;s one of a few members (of the NYC Council) who understand how serious government...]]></summary>
<author>
<name>mezcla</name>

<email>info@mediamezcla.com</email>
</author>
<dc:subject>What People Are Saying About David Yassky</dc:subject>
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<![CDATA[<p>&quot;A stellar record on the Council, leading groundbreaking work on gun control, affordable housing, the environment and jobs creation&quot; &mdash; <em>New York Times</em>, August 30, 2006</p><p>&ldquo;He&rsquo;s one of a few members (of the NYC Council) who understand how serious government waste has become.&rdquo;  &mdash; Errol Louis, <em>New York Daily News,</em> April 6, 2008</p><p>&quot;The textbook definition of the sort of person who can change the council for the better&quot; &mdash; Michael Tomasky of <em>New York Magazine,</em> August 13, 2001</p><p>David has been &quot;leading the environmental fight here in New York City.&quot;&mdash;   Mayor Michael Bloomberg, May 22, 2007</p><p>&quot;One of the Council&#39;s ablest members&quot; &mdash;  Tom Robbins of the<em> Village Voice</em>, January 14, 2003</p><p>The <em>New York Post </em>called his education platform &quot;courageous,&quot; adding that David Yassky is &quot;doing what&rsquo;s right for kids.&quot;</p><p>The Democratic Leadership Council named David one of the &quot;Top 100 New Democrats to Watch&quot; in the nation and &quot;Democrat of the Week&quot;. </p>]]>

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<entry>
<title></title>
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<modified>2008-07-01T16:26:22Z</modified>
<issued>2008-06-24T16:44:59Z</issued>
<id>tag:www.davidyassky.com,2008://1.155</id>
<created>2008-06-24T16:44:59Z</created>
<summary type="text/plain">David Yassky is a lifelong progressive Democrat who has built his career by aggressively standing up for our values and consistently working to make our government more accountable, open and honest. Early in his career, David served as a budget...</summary>
<author>
<name>mezcla</name>

<email>info@mediamezcla.com</email>
</author>
<dc:subject>Meet David Yassky</dc:subject>
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<![CDATA[<p><img src="/images/DavidYassky141a.jpg" border="0" hspace="15" vspace="15" align="right" />David Yassky is a lifelong progressive Democrat who has built his career by aggressively standing up for our values and consistently working to make our government more accountable, open and honest.</p> <p>Early in his career, David served as a budget analyst for New York City&rsquo;s Office of Management and Budget, where he developed a comprehensive understanding of the city&rsquo;s arcane budgeting process and real knowledge on how the city spends taxpayers&rsquo; money.</p> <p>David then attended Yale Law School, and after a clerkship with Judge Stanley Sporkin of the United States District Court, he accepted a position on Capitol Hill with then-Representative Chuck Schumer.</p> <p>As Chief Counsel to the House Subcommittee on Crime, David helped draft and enact the Brady Law, the Assault Weapons Ban, the Violence Against Women Act and numerous other critical pieces of Federal legislation. These common-sense laws have helped saved countless lives by keeping guns out of the hands of criminals and protecting women against domestic violence.</p> <p>After serving under Representative Schumer, David joined the private sector, practicing corporate law and working with major financial institutions on complex regulatory and legal issues. He has also worked as a Law Professor at Brooklyn and New York University Law Schools.</p> <p>David was elected to the New York City Council in 2001, winning an upset victory. Since joining the City Council, David has earned a reputation as one of the Council&#39;s leading advocates for education reform, budget reform, affordable housing, enhanced government accountability, crime prevention and the environment.</p> <p>David&rsquo;s legislative achievements in the City Council include:</p> <ul> <li>Creating thousands of jobs by passing the Film Industry Job Creation Act;</li> <li>Successfully advocating for a plan to make Downtown Brooklyn the City&rsquo;s third major business district;</li> <li>Creating the Industrial Jobs Retention program to fund dedicated, low-cost space for manufacturing firms;</li> <li>Passing the Gun Industry Responsibility Act, holding hold gun manufacturers and dealers liable when their reckless sales practices result in the injury of a New Yorker;</li> <li>Drafting of and passing the Waterfront Planning Act, which the New York City League of Conservation Voters called &quot;the most important piece of waterfront legislation adopted by the City in recent years&quot;;</li> <li>Creating NYC&rsquo;s innovative program for clean-fuel taxicabs that got hybrid cabs on the road;</li> <li>Suing Exxon-Mobil to force a cleanup of the Greenpoint oil spill;</li> <li>Creating thousands of new moderately priced apartments through his Affordable Housing Zoning Initiative.</li></ul> <p>David did his undergraduate work at Princeton University, where he received his AB degree in Public Policy with a concentration in Politics and Economics. He lives in Brooklyn with his wife, Diana, and their daughters Susan and Margaret.</p>]]>

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<entry>
<title>The Observer recognizes David as an environmental leader</title>
<link rel="alternate" type="text/html" href="http://www.davidyassky.com/2008/05/the_observer_re.php" />
<modified>2008-07-01T01:30:52Z</modified>
<issued>2008-05-30T01:29:21Z</issued>
<id>tag:www.davidyassky.com,2008://1.176</id>
<created>2008-05-30T01:29:21Z</created>
<summary type="text/plain"><![CDATA[David Yassky Gets His Al Gore Moment By Azi PaybarahNew York ObserverCouncil member David Yassky, one imagines, must feel a little like Al Gore these days.Like the former Vice President, Mr. Yassky, a 43-year-old Councilman from Brooklyn, lost a &ldquo;big...]]></summary>
<author>
<name>mezcla</name>

<email>info@mediamezcla.com</email>
</author>
<dc:subject>Press &amp; Photos</dc:subject>
<content type="text/html" mode="escaped" xml:lang="en" xml:base="http://www.davidyassky.com/">
<![CDATA[<p><strong>David Yassky Gets His Al Gore Moment </strong></p><p><strong>By Azi Paybarah</strong></p><p><strong>New York Observer</strong></p><div id="node-54665" class="node"><div class="content"><p>Council member David Yassky, one imagines, must feel a little like Al Gore these days.</p><p class="text">Like the former Vice President, Mr. Yassky, a 43-year-old Councilman from Brooklyn, lost a &ldquo;big election.&rdquo; (That&rsquo;s how he now refers to his unsuccessful, highly scrutinized bid for Congress last year.)</p><p class="text">And like Mr. Gore, his reaction to the loss&mdash;after a brief recovery period&mdash;was to immerse himself in the details of an environmental agenda that he had been pushing for years, with only modest results.</p><p class="text"><span>Suddenly, Mr. Yassky&rsquo;s locally focused, relentlessly detailed plans for cleaning up the environment are highly topical. It started from the moment last week that Mayor Michael Bloomberg, standing next to a floppy-haired, bespectacled Councilman that few people outside of his neighborhood in Brooklyn could possibly have recognized, announced on <em>The Today Show</em> that the city is going to replace every Crown Victoria in its fleet of yellow taxis with a hybrid vehicle. &ldquo;And most importantly,&rdquo; he said, gesturing towards his colleague, &ldquo;this is City Councilman David Yassky, who&rsquo;s been leading the environmental fight here in the city.&rdquo;</span></p><p class="text">Mr. Yassky had been pushing the idea for five years, to be precise&mdash;almost since the moment he joined the Council.</p><p class="text">&ldquo;People at that point didn&rsquo;t have the vision to see that the taxi fleet was broken, in the sense that it was belching out many more tons of carbon dioxide than it needed to, and it was a problem that was invisible to many people five years ago,&rdquo; he said this week.</p><p class="text">A wonkish ex-law professor, Mr. Yassky didn&rsquo;t dwell long on the attention that his proposal has finally received, other than to say there was &ldquo;a fabulous reaction.&rdquo;</p><p class="text"><span>&ldquo;There&rsquo;s a ton more to do to build on this initiative and keep trying to take the sustainability vision the Mayor has put forward and make it more concrete and immediate,&rdquo; he said.</span></p><p class="text">He&rsquo;ll have to work fast&mdash;term limits are going to force him, along with most of his colleagues, to leave office in 2009.</p><p class="text">&ldquo;I have a bill we haven&rsquo;t even introduced yet to put green standards into the bidding process, to change the rules for awarding city construction contracts so the environmental impact would be one factor,&rdquo; he said.</p><p class="text">Another policy he&rsquo;s pushing, along with Council colleague Jim Gennaro and the Bloomberg administration&mdash;a policy that also finally seems to be gaining some traction&mdash;would be to &ldquo;get some level of biofuels into the heating-oil stream.&rdquo;</p><p class="text">&ldquo;One of the arguments&mdash;somewhat similar to the taxis two or three years ago&mdash;is that &ldquo;it sounds good, but you can&rsquo;t tell me to buy biodiesel because there is none out there,&rsquo;&rdquo; he said.</p><p class="text">(Last weekend, the <em>New York Times</em> Metro section identified a Brooklyn company that &ldquo;may soon be home to one of the largest biodiesel fuel manufacturing plants in the country.&rdquo;)</p><p class="text">As for being the idea of being a mini-Gore, Mr. Yassky said: &ldquo;That&rsquo;s a very flattering comparison, but not deserved. I think Al Gore is one of the real heroes of our time.&rdquo;</p><p class="text"><span>For Mr. Yassky, the years of pushing ideas that went nowhere, the heartbreaking political loss and, finally, the measure of redemption are all part of his unspectacular calling.</span></p><p class="text">&ldquo;I think that&rsquo;s how government and politics work,&rdquo; he said.</p></div></div>]]>

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<entry>
<title>The Queens Tribune praises David&apos;s integrity and reform goals</title>
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<modified>2008-07-01T01:14:42Z</modified>
<issued>2008-05-16T01:08:21Z</issued>
<id>tag:www.davidyassky.com,2008://1.166</id>
<created>2008-05-16T01:08:21Z</created>
<summary type="text/plain"><![CDATA[David Yassky: A Reformer For ComptrollerBy Michael SchenklerQueens TribuneWe&rsquo;re in the heat of the &rsquo;08 election season and the &rsquo;09 citywide elections are already taking shape. The City Council &ldquo;Slushwater Scandal&rdquo; &ndash; the concealing of discretionary funds in the name...]]></summary>
<author>
<name>mezcla</name>

<email>info@mediamezcla.com</email>
</author>
<dc:subject>Press &amp; Photos</dc:subject>
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<![CDATA[<p><strong>David Yassky: A Reformer For Comptroller<br />By Michael Schenkler<br />Queens Tribune<br /></strong><br />We&rsquo;re in the heat of the &rsquo;08 election season and the &rsquo;09 citywide elections are already taking shape. The City Council &ldquo;Slushwater Scandal&rdquo; &ndash; the concealing of discretionary funds in the name of fictitious organizations and the questionable and corrupt use of discretionary funds for personal and political purposes &ndash; has seemingly removed Speaker Quinn from the mayoral race and may just help alter the dynamics of the race for comptroller.<br /><br />Comptroller candidate, Brooklyn Councilman David Yassky came to the Trib last Friday; it was the first time I met him. I&rsquo;ve known him however, by reputation, as a highly intelligent legislator who was named one of the top 100 New Democrats to watch nationwide by the Democratic Leadership Council in D.C.<br /><br />With at least two Queens councilmembers, and possibly a third, actively in the comptroller mix, I had friends who I liked for the office. But I am open-minded and always am available to candidates who may impact the future of our borough.<br /><br />The hour-and-a-half chat revealed David to be a reform-minded, good government leader who is likely to be a player on the public service scene for years to come. I was impressed by his sincerity, intellect and commitment to the things that are right for the people. This guy should be from Queens. (Longtime readers may recognize that as just about the highest level of compliment that can be found in this column).<br /><br />The Yale Law School grad who worked for Chuck Schumer &ndash; you don&rsquo;t get better training anywhere in the game &mdash; drove himself to our office. He would rather have staffers working than driving him around, he explained. He made 10 stops over the past weekend and this hard-working, driven, progressive would bring to the comptroller&rsquo;s office a unique blend of the pragmatic know-how he has demonstrated in the council combined with a reputation for integrity and an understanding of the fiscal intricacies of our city.<br />On top of that, David acknowledged: &ldquo;Queens has better diners than Brooklyn.&rdquo;<br /><br />He is personable, quick, thoughtful and certainly right on his gastronomical judgement.<br /><br />He also is clearly different than most of the present councilcmembers when it comes to reform in face of the present council financial scandal:<br /><br />&ldquo;Anybody who knew there was a fictitious name in City budget should be prosecuted.&rdquo;<br /><br />&ldquo;Earmarks (discretionary funds) should be done away with almost entirely, except smaller projects such as little leagues, free movies in park etc., little things like that.&rdquo;<br />&ldquo;I have worried that if I go too far on an issue, does that mean little league, meals on wheels are gonna suffer, and is that a fair thing for me to do? It is an incomplete view if you don&rsquo;t think that&rsquo;s something someone in my position should ask himself.&rdquo;<br /><br />&ldquo;The corrupting nature of earmarks goes beyond the complicit coercion of important civic leaders in district. I get that. But other part of corruptive nature is there has been an unspoken bargain between the mayor and council, or controller. The Council gets to dole out $50-60 million &mdash; which turns out is $170 mil &mdash; and the mayor doesn&rsquo;t question and comptroller doesn&rsquo;t question it. That bargain doesn&rsquo;t work for public.&rdquo;<br /><br />&ldquo;But she [Quinn] came out and said all money the speaker has been allocating should have been done with competitive grants. I thought that was absolutely the right thing to do. Was gutsy. I think she tried to do the right thing. If we&rsquo;ve done $170 million in pork, we could take $168 million of it and dispense it via competitive grants. Three people [in the Council], including me, were for it &mdash; 48 were outraged. That thought initially was appalling.<br /><br />&ldquo;When I&rsquo;m comptroller, I will audit earmark grants to make sure money is being spent for public purpose.<br /><br />David and I were in quick agreement as he declared: &ldquo;We need systemic changes.&rdquo; We also concurred, &ldquo;Albany is worse than ever.&rdquo;<br /><br />I asked, &ldquo;Is there something that can make people believe you are different?&rdquo;<br /><br />Yassky responded: &ldquo;In a word, results. Affordable housing, environment, jobs &ndash; get the results. There are lot of elements of change. Good intentions are fine, but you&rsquo;ve got to have results at the end of day.&rdquo;<br /><br />He cited his work achieving on the north Brooklyn rezoning, 20 percent affordable apartments in the buildings to be built; getting a bill passed that will convert the City&rsquo;s taxicab fleet to fuel-efficient hybrid vehicles by 2012; and his Film Industry Job Creation Act which generated 3,000 new City jobs in the industry.<br /><br />As we looked to the future, Yassky worries that lots of neighborhoods aren&rsquo;t affordable anymore. He doesn&rsquo;t think it is healthy for the city to be off limits to all but the super rich.<br /><br />&ldquo;I worry whether political leadership can deal long term in ways the mayor has tried to do. The Bloomberg approach is something I like a lot. He&rsquo;s now the gold standard.<br />&ldquo;I am optimistic and hopeful.&rdquo; he continued. &ldquo;Look at what&rsquo;s going on in Flatbush, where dangerous blocks 15 years ago are now gorgeous blocks built by immigrants. It&rsquo;s not something 20 years ago, someone would have predicted.<br />&ldquo;We do continue to attract people with energy, entrepreneurs, grit and determination, that makes people able to succeed. The basic fundamentals to stay finance capital of world are strong but need to be protected. Our creative community and economy . . . those remain real strengths.&rdquo;<br /><br />What else should the Trib readers know about you?<br />&ldquo;Your readers want a comptroller who&rsquo;s going to give taxpayers the most for their dollar in city government. I&rsquo;m gonna do that.&rdquo; </p>]]>

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<entry>
<title>David&apos;s op-ed on budget reform in the New York Post</title>
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<modified>2008-07-01T01:19:56Z</modified>
<issued>2008-04-29T15:41:35Z</issued>
<id>tag:www.davidyassky.com,2008://1.168</id>
<created>2008-04-29T15:41:35Z</created>
<summary type="text/plain"><![CDATA[&nbsp;Ending NYC Budget Abuse&nbsp;By David Yassky&nbsp; Published: April 29, 2008RECENT headlines have ex posed gaping flaws in the city&#39;s budget process: The tradition of letting local elected officials &quot;earmark&quot; modest amounts of funding for neighborhood groups - little leagues, senior...]]></summary>
<author>
<name>mezcla</name>

<email>info@mediamezcla.com</email>
</author>
<dc:subject>Press &amp; Photos</dc:subject>
<content type="text/html" mode="escaped" xml:lang="en" xml:base="http://www.davidyassky.com/">
<![CDATA[<p>&nbsp;<img src="http://www.nypost.com/img/nypmasthead2.gif" border="0" width="445" height="81" /></p><p><strong>Ending NYC Budget Abuse&nbsp;</strong></p><p><span class="a10bl">By David Yassky&nbsp; Published: April 29, 2008</span></p><p>RECENT headlines have ex posed gaping flaws in the city&#39;s budget process: The tradition of letting local elected officials &quot;earmark&quot; modest amounts of funding for neighborhood groups - little leagues, senior centers, etc. - has mushroomed into more than $100 million a year in spending with virtually no oversight or accountability. </p><span class="a10bl"><p> This practice allows far too much potential for abuse - and it seems that potential has been realized. Two City Council aides have been indicted on charges that they got the council to earmark funds to a group they controlled, which ultimately funneled them the money. </p><p> That scandal came on the heels of revelations that, for the last several years, the council budget staff used fictitious organizations to stash away money for later use - plus further disclosures of potential conflicts of interest between council members and the groups they fund. </p><p> Speaker Christine Quinn deserves credit for responding to abuse with an aggressive plan for reform. Now the council needs to take firm, decisive action to clean up this mess and protect the taxpayers&#39; interests. </p><p> <strong>Put the budget process on </strong><strong>the Web:</strong> When New Yorkers can Google reviews of any restaurant in the city, it defies logic that they still can&#39;t easily see how $59 billion of their tax dollars are being spent. </p><p> As my colleague Daniel Garodnick and I proposed, each group seeking a direct grant should specify in detail what it plans to do with the money - and these applications should be published to a searchable, online database. Taxpayers should know exactly where their money is going and have the ability to hold recipients accountable. </p><p> <strong>Do pre-audit of grantees: </strong>Once a council member has granted funds to a group, the appropriate city agency (e.g., the Department for the Aging in the case of a senior center), should conduct a pre-audit to assess whether the grantee has the competency and capacity to fulfill the grant requirements. </p><p> One troubling aspect of the recent scandals is that the city agencies processed these earmark grants with no scrutiny of the recipients. </p><p> <strong>Don&#39;t allow even the ap</strong><strong>pearance of nepotism or con</strong><strong>flicts of interest:</strong> Taxpayer dollars are being awarded. If a council member wants to direct funds to a group that employs a relative or a relative of a staff member, the city&#39;s Conflict of Interest Board should approve the grant in advance. </p><p> <strong>Audit how the money&#39;s </strong><strong>spent:</strong> Each year, the city comptroller should audit a sample of groups getting earmarks, to ensure that the money was properly spent. If the now-indicted aides knew an audit was possible, they might have been deterred from their alleged theft. </p><p> * </p><p>&nbsp;</p><p> Regrettably, many council members have opposed these reform proposals on the ground that they would eviscerate the council&#39;s ability to ensure that our constituents get the services they deserve. I certainly agree that the City Council should play a vital role in allocating taxpayer funds - but the proper way to do it isn&#39;t by protecting our prerogative to earmark but by giving far more rigorous oversight to the <em>rest</em> of the city budget. </p><p> In my six years on the council, I&#39;ve often felt that there&#39;s an unspoken bargain between Mayor Bloomberg and the council: We get complete discretion to allocate some $100 million worth of &quot;earmarks in return, the rest of the mayor&#39;s $59 billion budget sails through without significant changes. </p><p> Both parts of that bargain disserve the taxpayers. </p><p> We should reform the entire budget process - not just the earmarks portion. We need to scrutinize <em>all</em> city spending to eliminate waste and to ensure that New Yorkers are getting maximum value for their tax dollars. </p><p> The entire budget now is negotiated behind closed doors and then presented to the council for a simple yes-or-no vote. Instead, each agency&#39;s budget should be presented for approval - or amendment - to the council committee that oversees the agency. </p><p> The committees should be able to add new spending only by cutting elsewhere. That would prompt council members to find ways to save money as well as ways to spend it. </p><p> The City Council must do a better job in looking after the money our constituents entrust to us - and the time to start is now. Mayor Bloomberg will release his proposed 2009 budget later this week, and the council must adopt a final budget by June. This year, let&#39;s scrutinize <em>every</em> line. </p><p> It&#39;s the taxpayers&#39; money - let&#39;s spend it as carefully as they would. </p><p> <em>David Yassky is council mem</em><em>ber for Brooklyn&#39;s 33rd district.</em></p></span>]]>

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<entry>
<title>David&apos;s call for divesting City pension funds from Iran)</title>
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<modified>2008-07-01T01:20:39Z</modified>
<issued>2008-04-10T00:04:20Z</issued>
<id>tag:www.davidyassky.com,2008://1.169</id>
<created>2008-04-10T00:04:20Z</created>
<summary type="text/plain"><![CDATA[&nbsp;By Adam Dickter Published: April 9, 2008&nbsp;William Thompson, who as City Comptroller is custodian of five pension funds with nearly $95 billion in assets, appears prepared to divest from stocks in some companies that do business with Iran, The Jewish...]]></summary>
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<name>mezcla</name>

<email>info@mediamezcla.com</email>
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<dc:subject>Press &amp; Photos</dc:subject>
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<![CDATA[<p><img src="http://www.jccmanhattan.org/images/press/logo_jewishweek.gif" border="0" width="356" height="80" />&nbsp;</p><p>By Adam Dickter Published: April 9, 2008&nbsp;</p><p>William Thompson, who as City Comptroller is custodian of five pension funds with nearly $95 billion in assets, appears prepared to divest from stocks in some companies that do business with Iran, The Jewish Week has learned.</p> <p><br />The divestment would be one of the first by a U.S. city, although 10 states have already enacted Iran divestment legislation or policies, and would send a powerful message to other municipalities because New York&#39;s pension system is the largest in the nation. </p> <p><br />Eighteen foreign corporations that have invested more than $20 million in Iran&#39;s oil and natural gas industries since 1996 are at risk of U.S. sanctions, and most of those are believed to be part of the city pension funds&#39; portfolio. Thompson is expected to announce action against two or three of them and possibly freezing up to a dozen others, sources say. </p> <p><br />Thompson, whose role as investment adviser requires him to maximize returns for the city&#39;s employees and retirees, has previously resisted appeals from AIPAC, the pro-Israel lobby, and other proponents of divestment as a means of convincing Iran to fully abandon its aspirations to be a nuclear power.</p> <p><br />&quot;He has said he is hesitant, afraid of a precedent that if he does it with Iran you have to do it with other places,&quot; said Councilman David Weprin, a Queens Democrat, chair of the Finance Committee and a candidate to succeed Thompson in 2010. Weprin heard Thompson speak at a recent AIPC forum on divestment where he said the comptroller spelled out his position.</p> <p><br />But Thompson, a likely Democratic candidate for mayor next year, has recently said he was open to the idea of limited divestment, according to a source who has been keeping tabs on the issue and has spoken to the players involved.</p> <p><br />&quot;The only question now is which stocks&quot; and how many, said the source, who said the comptroller would also divest from companies that trade with Sudan, which is the object of international boycott efforts because of the government-backed genocide of rebel tribes in Darfur. </p> <p><br />In an e-mail statement, Thompson spokesman Michael Loughran did not deny a pending divestment but said: &quot;Discussions surrounding investments in Sudan and Iran have been ongoing for some time.&nbsp; However, nothing is finalized at this point.&quot;</p> <p><br />Thompson&#39;s action would come at a time when federal legislation is pending that would indemnify fund managers from litigation by pensioners due to resulting financial losses if they divest from Iran-linked companies. The measure passed overwhelmingly in the House, sponsored by Massachusetts Democrat Barney Frank and Connecticut Republican Christopher Shays. A Senate version was sponsored by Democrat Barack Obama of Illinois and Republican Sam Brownback of Kansas and awaits a vote.</p> <p><br />In November, New York State Comptroller Tom DiNapoli, who is sole trustee of the $154 billion Common Retirement Fund, announced that he would identify investments tied to Iran&#39;s energy or defense sectors; request from those companies an accounting of those activities and how they are consistent with a long-term investment strategy; and evaluate those responses with an eye toward divesting funds from companies that are not mitigating risk to the investor.</p> <p><br />Representatives of AIPAC have been meeting with legislative leaders and investment officials around the country to press divestment as a key tool in confronting the possibility of a nuclear Iran whose leader, President Mahmoud Ahmadinejad, has threatened to destroy Israel.</p> <p><br />&quot;As part of a broader strategy of increasing the economic, diplomatic and political pressure on Iran, we believe divestment efforts are a good idea,&quot; said Josh Block, an AIPAC spokesman.</p> <p><br />Although the U.S. National Intelligence Estimate in December was construed by many commentators as downplaying the nuclear threat posed by Iran, the country&#39;s weapons program remains a national security and international concern. The United Nations Security Council recently passed a third resolution calling on Iran to stop its enrichment of uranium.</p> <p><br />Thompson will be forced by term limits to leave office at the end of 2009. Two of the Democratic candidates for the job, Weprin and David Yassky, a councilman from Brooklyn, said they would immediately divest from Iran-linked companies if elected.</p> <p><br />&quot;Public dollars should not be going to support the Iranian regime,&quot; said Yassky. &quot;These are not sound investments. Keeping pension funds terror-free is totally consistent with getting maximum return for retirees.&quot;</p> <p><br />Weprin said &quot;there has already been a precedent with South Africa during apartheid. The city pension funds divested stocks and major holdings already. The question is [when] to do it when it rises to what level. We&#39;ll have to deal with it on an individual basis.&quot;</p> <p><br />Three other expected Democratic contenders for comptroller, Councilwoman Melinda Katz, Assemblyman James Brennan and Bronx Borough President Adolfo Carrion, did not return calls for comment at press time.</p> <p><br />Among the companies targeted for divestment are France-based Total, Royal Dutch Shell, based in the Netherlands, Spain&#39;s Repsol, Italy&#39;s ENI, Japan&#39;s INPEX, Canada&#39;s Bow Valley Energy and Russia&#39;s Lukoil.</p>]]>

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