NYC Comptroller Mark Levine Reverses Pledge to Invest in Israel Bonds
Summarized from The Times of Israel by baba
New York City Comptroller Mark Levine has reversed his campaign pledge to invest city pension funds in Israel bonds, citing financial and technical challenges. The decision, which he insists is based on financial, not political, reasons, follows a history of city investment in Israel bonds since the 1970s. While anti-Israel activists celebrated the move, the comptroller's office stated Levine remains a supporter of Israel, with other significant Israeli investments held by the city. Mayor Zohran Mamdani, who opposes such investments, welcomed the comptroller's decision.
The story in 5 lines · by baba
- NYC Comptroller Mark Levine reversed his campaign pledge to invest city pension funds in Israel bonds.
- Levine cited financial and technical challenges, not political reasons, for his decision.
- The city has held Israel bonds since the 1970s, with about $40 million maturing in early 2023.
- Anti-Israel groups hailed the decision as a "BDS win."
- Mayor Zohran Mamdani welcomed the comptroller's move, opposing investment in Israel bonds.
The Times of Israel publishes in English. The key points are summarized above. Read The Times of Israel’s full report from the link at the top of the page.
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