NYC Comptroller John C. Liu Statement on CITYTIME...

In response to questions about today’s additional criminal charges relating to CityTime, New York City Comptroller John C. Liu issued the following statement:

“Today’s announcement unfortunately sheds more light on just how flawed the management of the CityTime project was,” said Comptroller John C. Liu. “According to the indictment ‘virtually the entirety of the more than $600 million that was paid to SAIC was tainted directly or indirectly, by fraud.’ New Yorker’s can hope that this will eventually lead to restitution for the hundreds of millions of dollars paid on an out-of-control project, years overdue and, ten-fold over budget.”

Comptroller John C. Liu’s Record on CityTime

Jan. 1, 2010	Comptroller John C. Liu takes office, and makes the elimination of fraud, waste and abuse his top priority.
Feb. 9, 2010	Rejected additional contract related to CityTime.
Feb. 25, 2010	Initiates audit of CityTime Project Oversight.
Mar. 3, 2010	Liu calls on Mayor to freeze all payments associated with CityTime; appoints new representative from the Comptroller’s Office to OPA.
Sept. 28, 2010	Liu and mayor Bloomberg announce agreement to finish installation of CityTime at no additional cost.

News & Notes from NYC Comptroller John C. Liu

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NYC COMPTROLLER JOHN C. LIU ON CITYTIME

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Comptroller John C. Liu issued the following statement today:

“My office’s review of the CityTime project, which defrauded taxpayers of millions of dollars, has not interfered with the ongoing criminal investigation, nor have we been informed that it has. We applaud the U.S. Attorney for charging seven people and recovering $28 million to date. We are committed to working cooperatively with all law enforcement agencies.”

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COMPTROLLER LIU STATEMENT ON EDC LIVING WAGE STUDY

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City Comptroller John C. Liu stated the following in response to questions about a recently completed study commissioned by the NYCEDC, “The Economic Impacts on New York City of Proposed Living Wage Mandate.”

“The EDC’s claim that a living wage kills jobs shows just how distorted the agency’s operations have become. The proposed living wage would be a requirement on new projects that are heavily subsidized by taxpayers. It may curtail the number of new minimum wage jobs, with the hope that these new jobs would then pay a decent wage. The claim of job losses is rhetoric at its worst.