October 4, 2011

New York Boondoggle

[From article]
"Envisioned as a way to save the city millions in personnel costs and cut down on inflated overtime pay, CityTime ran hundreds of millions over budget. The city official who oversaw CityTime was forced to resign, and federal prosecutors are continuing their investigation, which has so far resulted in the indictment of 11 contractors and consultants for ripping off $94 million.
By the time Cosgrave voiced his concerns, CityTime was already years late and hundreds of millions over budget."

http://www.nypost.com/p/news/local/aide_gave_mayor_citytimely_warning_SP82rbqM2M3QhOdU546J2L

Aide gave mayor CityTimely warning
By JOSH MARGOLIN
New York Post
Last Updated: 4:23 AM, September 6, 2011
Posted: 2:01 AM, September 6, 2011

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