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AGENCY TESTIMONY
Financial impact and recoveries by the Law Department
2:44:57
ยท
58 sec
The Law Department plays a crucial role in enhancing the city's fiscal strength through various financial activities and recoveries.
- The municipal finance division closed nearly $18 billion in bond deals this fiscal year.
- The affirmative litigation division recovered over $30 million for the city in the first half of the fiscal year.
- Collection law firms supervised by the department recovered an additional $12.8 million.
Muriel Goode-Trufant
2:44:57
The law department plays an important role in enhancing the city's fiscal strength, providing internal support to agencies and elected officials to ensure legal and ethical compliance in advocating for the public good.
2:45:14
This fiscal year, our municipal finance division has closed nearly 18,000,000,000 in bond deals, bringing needed financial resources to the city.
2:45:26
Through the work of our affirmative litigation division, in the first half of this fiscal year, we recovered over $30,000,000 for the city and city entities.
2:45:37
This includes monetary recoveries for property damage, breach contract, anti youth vaping, and opioid settlement payments among other things.
2:45:48
In addition, collection law firms supervised by the law department recovered another 12,800,000.0.