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Scott Stringer: “Almost a 300 million dollar pension, a billion dollar…”

Featuring: Scott Stringer, Democratic | Former Candidate, Mayor of New York City

New York City Retirees' Mayoral Candidate Interview with Scott Stringer

Published March 30, 2025 | Video Starts at 44:53

We've seen what happens when mayors do not have the kind of experience to run a city of 300,000 employees and a $114 billion budget. 200. Almost a 300 million dollar pension, a billion dollar pension fund. This is not time for mayor on training wheels. And I'm going to get out there and make the case. The other thing is, I think it's time to end the chaos of government. (44:53–44:58)

CLAIM

Asserts that the city has a nearly $300 million pension fund.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

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Scott Stringer

“We did an audit of homeless shelters, found 18,000 violations that hadn't been reported.”
New York City Retirees' Mayoral Candidate Interview with Scott Stringer | Uploaded March 30, 2025 | 14:13-14:20
“Look at what the $80 million grab the Trump administration took from the city budget funds that were already appropriated for critical needs…”
New York City Retirees' Mayoral Candidate Interview with Scott Stringer | Uploaded March 30, 2025 | 18:55-19:06
“I audited 1,000 vacant lots that the city owns.”
New York City Retirees' Mayoral Candidate Interview with Scott Stringer | Uploaded March 30, 2025 | 22:15-22:19
“I saved the city literally $5 billion in debt and debt service of 500 million.”
New York City Retirees' Mayoral Candidate Interview with Scott Stringer | Uploaded March 30, 2025 | 39:04-39:11
“To watch the governor make decisions that resulted in 15,000 seniors, grandparents and grandmas, you know, grandmas and grandpas losing…”
New York City Retirees' Mayoral Candidate Interview with Scott Stringer | Uploaded March 30, 2025 | 45:16-45:26
“I served as clean City Controller, and really being the watchdog for our pension fund for our retirees.”
New York City Retirees' Mayoral Candidate Interview with Scott Stringer | Uploaded March 30, 2025 | 08:12-08:24
“We grew the pension fund during very difficult Covid times to a 9% rate of retirement.”
New York City Retirees' Mayoral Candidate Interview with Scott Stringer | Uploaded March 30, 2025 | 11:49-11:55
“We commissioned a report to do an assessment of the back office of our pension fund and found that there were 200 issues related to the…”
New York City Retirees' Mayoral Candidate Interview with Scott Stringer | Uploaded March 30, 2025 | 11:58-12:08
“I merged the five funds, and I did it strategically in a way that the five funds did not require state legislation or city council…”
New York City Retirees' Mayoral Candidate Interview with Scott Stringer | Uploaded March 30, 2025 | 12:33-12:43
“We were able to create that 9% rate of return because we were nimble in investments and we were able to do things that never were done…”
New York City Retirees' Mayoral Candidate Interview with Scott Stringer | Uploaded March 30, 2025 | 12:47-12:57
“I audited the NYCHA housing 19 times.”
New York City Retirees' Mayoral Candidate Interview with Scott Stringer | Uploaded March 30, 2025 | 13:57-14:01
“We have good reserves in the city. $3.2 billion.”
New York City Retirees' Mayoral Candidate Interview with Scott Stringer | Uploaded March 30, 2025 | 20:02-20:06
“We could build the Next Michelle Amit 2.0 on those lots.”
New York City Retirees' Mayoral Candidate Interview with Scott Stringer | Uploaded March 30, 2025 | 22:19-22:24
“In the pension fund, we have a set aside in the pension fund, you know, for economically targeted investments.”
New York City Retirees' Mayoral Candidate Interview with Scott Stringer | Uploaded March 30, 2025 | 24:27-24:36
“When I was comptroller, we did use that money to ensure affordable housing in, you know, in many rent stabilized units.”
New York City Retirees' Mayoral Candidate Interview with Scott Stringer | Uploaded March 30, 2025 | 24:36-24:44
“We worked with the National Union funding mechanism to invest in affordable housing.”
New York City Retirees' Mayoral Candidate Interview with Scott Stringer | Uploaded March 30, 2025 | 24:44-24:55
“The great thing about Mitchell Amma is that it's a fixed percentage of your rent, right? So it's 30% of your rent.”
New York City Retirees' Mayoral Candidate Interview with Scott Stringer | Uploaded March 30, 2025 | 26:39-26:47
“I want to end the luxury development is going to happen in the city, doesn't matter who the mayor is.”
New York City Retirees' Mayoral Candidate Interview with Scott Stringer | Uploaded March 30, 2025 | 27:13-27:20
“Government's job is to think about the people who do not have money, who are poor, who need low income housing, affordable housing.”
New York City Retirees' Mayoral Candidate Interview with Scott Stringer | Uploaded March 30, 2025 | 27:28-27:39
“We should be a sanctuary city. We've always been. And as mayor, I'm going to protect anyone who comes to New York City soil.”
New York City Retirees' Mayoral Candidate Interview with Scott Stringer | Uploaded March 30, 2025 | 29:51-30:00
“I will discontinue this. This will be a dead issue. We will go meet the budget challenges in other ways.”
New York City Retirees' Mayoral Candidate Interview with Scott Stringer | Uploaded March 30, 2025 | 34:39-34:46
“We have a city budget that, if properly managed, will give us the opportunity...to enhance the lives of working people, children, seniors.”
New York City Retirees' Mayoral Candidate Interview with Scott Stringer | Uploaded March 30, 2025 | 37:51-38:05
“New controller audits take 18 months at least.”
New York City Retirees' Mayoral Candidate Interview with Scott Stringer | Uploaded March 30, 2025 | 41:44-41:49
“The controller sets prevailing wage.”
New York City Retirees' Mayoral Candidate Interview with Scott Stringer | Uploaded March 30, 2025 | 42:26-42:29
“We actually used that part of the office to look at wage theft.”
New York City Retirees' Mayoral Candidate Interview with Scott Stringer | Uploaded March 30, 2025 | 42:30-42:37
“We went in, we investigated, we recouped the money.”
New York City Retirees' Mayoral Candidate Interview with Scott Stringer | Uploaded March 30, 2025 | 42:43-42:47
“We returned tremendous amounts of money to people who actually thought they were never going to get the money back.”
New York City Retirees' Mayoral Candidate Interview with Scott Stringer | Uploaded March 30, 2025 | 43:59-44:06
“We've seen what happens when mayors do not have the kind of experience to run a city of 300,000 employees and a $114 billion budget.”
New York City Retirees' Mayoral Candidate Interview with Scott Stringer | Uploaded March 30, 2025 | 44:43-44:54