COIB Announces Fines for Late Filers of 2024 Annual Disclosure Reports

 

During 2025, approximately 9,000 public servants were required by the City’s Annual Disclosure Law to file a report with the New York City Conflicts of Interest Board (the “Board”) disclosing certain financial interests and positions held during calendar year 2024. Under this law, a public servant who files their report more than seven days after the filing deadline is subject to a fine starting at $250. See New York City Administrative Code Section 12-110(g)(1) and Board Rules Section 4-07.

 

Of the approximately 9,000 public servants required to file, 106 filed late and were sent a Late Filer Notice instructing them to either pay a fine (based on how late they filed and whether they filed late before) or submit a written response explaining why they filed late.

 

Of the 106 late filers:

 

• 42 paid their fine immediately.

• The fines ranged from $250 to $3,000, for a total of $25,750 in fines.

 

• 57 submitted a written response, which the Board considered.
• For 14, the Board issued confidential orders not imposing a fine.
• For 43, the Board issued public orders imposing a fine.
• The fines ranged from $250 to $2,500, for a total of $20,500 in fines.

 

• 7 did not submit a written response or pay their fine.
• For 7, the Board issued public orders imposing a fine.
• The fines ranged from $250 to $1,250, for a total of $5,250 in fines.

 

To date, the Board has collected $44,750 of the $51,500 in fines owed by late filers of 2024 annual disclosure reports. For the remaining $6,750 owed by 8 public servants, the Board intends to pursue all available remedies, including the garnishment of City wages or referral to outside counsel for collection.