NYC Ferry may be a good deal for riders, but taxpayers are paying a heavy price - even higher than previously reported, according to a new audit.
NYC comptroller Brad Lander says the city's Economic Development Corporation underreported a quarter-billion dollars in ferry-related expenses.
The audit also found the city subsidy-per-ride is double the original estimate of $6.60, and closer to $13.20. The audit also found several E.D.C. decisions, including buying vessels at higher than market cost and the early termination of the East River contract, resulted in tens of millions in unnecessary expenses.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Taxpayers putting up more money for NYC Ferry than once thought, new report findsNew York City taxpayers have been subsidizing ferry rides at a much higher rate than previously reported, with the city underreporting nearly $224 million worth of expenses dating back as far as 2015.
Read more »
13 Shot, 3 Dead in Overnight Wave of NYC Holiday ViolenceAnother wave of holiday weekend violence struck New York City overnight, with 13 people shot and three killed in a half-dozen incidents across the city spanning just a few hours. After a terrible start to the year, the city’s gun problem has improved, and shooting incidents for the first half of 2022 were actually down 12% versus 2021. But abrupt…
Read more »
NYC temple members travel to Ukraine border to bring comfort and 'bear witness'Members of the Jewish congregation of Temple Emanu-El of NYC traveled to the Ukraine-Poland border recently, to bring comfort, bear witness and share their findings with others.
Read more »
Alternate Side Parking returns to pre-pandemic enforcement in NYCThe Department of Sanitation said reduced Alternate Side Parking frequency resulted in dirtier streets, with roughly half of drivers deciding not to move their cars at all and instead deal with a possibly weekly ticket.
Read more »
At least 13 people shot across NYC during bloody stretch on Independence DayOne person was killed and at least 12 others were injured in a spate of shootings across New York City during a bloody nine-hour period on Independence Day, police said.
Read more »