NYC Lawsuit Payments Down

A new report released by City Comptroller William Thompson finds that the City has seen a significant dip in lawsuits and lawsuit payments. New York City paid out $496.4 million in settlements and judgments for personal injury, property damage and law claims in Fiscal Year 2006, a decline from $529.8 million in Fiscal Year 2005.

The report also notes that the total number of new claims filed against the City in Fiscal Year (FY) 2006 was 24,155, the lowest number in the last ten fiscal years. The number of claims filed represents a decrease from FY 2005, when 25,176 new claims were filed. 

And when the City's saving money, the of course the City's financial watchdog is happy. “The downward trend in claims costs reflects a number of encouraging results associated with the City’s adoption of new practices and the implementation of several innovative initiatives,” said Thompson.

The full report can be found [here].

For more New York political coverage visit [City Hall News].