New York City Comptroller Scott M. Stringer released the Popular Annual Financial Report (PAFR) for Fiscal Year 2021, a complementary guide to the Annual Comprehensive Financial Report (Annual Report) released last month. The PAFR distills important information about local government and its finances for use by City residents from the Annual Report, using dozens of explanatory graphs, charts, and images to provide New Yorkers with an easy-to-understand 30-page roadmap to City government.
“This year’s PAFR is a transparent look into our City’s gradual but steady recovery from the pandemic,” said “New Yorkers are returning to the city they love, and employment and vaccination rates are on the rise—encouraging indicators of our progress. But the data show we have a long way to go to build back from the losses of COVID-19. The PAFR shows how taxpayer dollars are generated and spent to keep the City running and provide essential services during one of the most crucial chapters in our history.”This is the seventh year the Comptroller’s office has released the PAFR report. This Fiscal Year 2021 report will be submitted for consideration for the Government Finance Officers Association’s Award for Outstanding Achievement in Popular Annual Financial Reporting, which recognizes conformance with the highest standards for preparation of state and local government popular reports. The City of New York has received this national award for the last six consecutive fiscal years.