New York City Comptroller Reverses Pledge to Invest in Israeli Bonds
Translated & summarized from TheMarker by baba
New York City Comptroller Mark Levine has reversed his campaign promise to invest in Israeli government bonds. He stated that under current circumstances, the investment is not feasible. The issue was a key point in his 2025 election campaign concerning the city's $325 billion pension fund.
The story in 5 lines · by baba
- New York City Comptroller Mark Levine will not invest in Israeli government bonds.
- Levine cited financial considerations for his decision.
- The pledge was made during his 2025 election campaign.
- His predecessor had previously halted such investments.
- The decision impacts the city's $325 billion pension fund.
New York City Comptroller Mark Levine has withdrawn his commitment to invest in Israeli government bonds, citing financial considerations. During his 2025 election campaign, Levine had pledged to resume investments in these bonds after his predecessor had halted them. However, his office stated that under the current circumstances, "this is not an investment we can make."
Levine was elected last year to the position of New York City Comptroller following a contentious race. A central issue in the campaign was whether to invest portions of the city's $325 billion pension fund in Israeli government bonds.
