Comptroller Audit Finds EDC Underreported the Costs of NYC Ferry …
WebJul 6, 2022 · New York, NY – New York City Comptroller Brad Lander released an audit showing NYC Economic Development Corporation (EDC) underreported nearly a quarter of a billion dollars in NYC Ferry expenditures during former Mayor Bill de Blasio’s Administration. EDC incurred a total of $758 million dollars in …
N.Y.C. Ferry System Lost Track of $224 Million, Audit Finds
WebJul 6, 2022 · The agency in charge of running New York City’s ferry system failed to report nearly a quarter-billion dollars in costs during the administration of Mayor Bill de Blasio, the city...
NYC Ferry Cost $224 Million More to Run Than Reported, Audit …
WebJul 7, 2022 · A scathing audit from the New York City comptroller found that the NYC Economic Development Corporation’s handling of funds for the city-run ferry service has been as murky as the East...
City understated NYC Ferry’s cost to taxpayers, audit finds
WebPUBLISHED 7:45 PM ET Jul. 06, 2022. The New York City ferry system, which launched in 2017 with a single-ride fare of just $2.75, has been largely viewed as a success. But behind the scenes,...
NYC Ferry costing taxpayers millions, audit finds - ABC7 New York
WebJul 7, 2022 · NYC Ferry costing taxpayers millions, audit finds. By Eyewitness News. Thursday, July 7, 2022. NYC Ferry may be a good deal for riders, but taxpayers are paying a heavy price - even...
NYC Ferry underreported hundreds of millions in costs, audit says
WebPublished July 11, 2022 9:03pm EDT. Transportation. FOX 5 NY. NYC Ferry audit. NYC Ferry is costly and poorly managed, according to an audit by Comptroller Brad Lander. NEW YORK - New...
NYC Ferry is taking on water, audit finds - City & State NY
WebJul 6, 2022 · Here are some of the key findings in the comptroller’s audit. $224 million – The total ferry-related expenditures that the audit said was not disclosed by the EDC through 2021, roughly $181 million of which was capital expenses and $43 million of which was operating expenses.
Audit finds NYC Ferry cost $224M more than reported under de ... - silive
WebJul 6, 2022 · STATEN ISLAND, N.Y. — The city’s fast ferry system cost $224 million more than previously reported under the administration of former Mayor Bill de Blasio, Comptroller Brad Lander announced ...
NYC Ferry soaked taxpayers for $224 million in unreported costs: audit …
WebJul 7, 2022 · The Economic Development Corp.’s shoddy oversight and financial management of the NYC Ferry system has cost city taxpayers nearly a quarter of a billion dollars in underreported costs,...
Audit Finds NYC Ferry Expenses Underreported | WBGO
WebPublished July 6, 2022 at 2:14 PM EDT. Listen • 0:34. NYC Ferry has underreported costs under according to a new audit. City Comptroller Brad Lander’s report shows that under the de Blasio administration the city’s Economic Development Cooperation left out 224 million dollars in operating costs over a six year period.
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