• Contact Us
  • Login
Subscribe
LittleAfrica News
  • Home
  • About Us
    • Mona Davids, Founder and Publisher
    • Mymoena Kalinisan-Davids, Director of Communications and Editor-in-Chief
  • Newspaper Editions
  • Education
  • Metro
  • Africa
  • Caribbean
  • U.S.
No Result
View All Result
  • Home
  • About Us
    • Mona Davids, Founder and Publisher
    • Mymoena Kalinisan-Davids, Director of Communications and Editor-in-Chief
  • Newspaper Editions
  • Education
  • Metro
  • Africa
  • Caribbean
  • U.S.
No Result
View All Result
LittleAfrica News
No Result
View All Result
Home Metro

Reports Show Mismanagement of Funds of the NYC Ferry System, According to Comptroller Brad Lander

LittleAfrica Staff Writer by LittleAfrica Staff Writer
July 6, 2022
in Metro
Reports Show Mismanagement of Funds of the NYC Ferry System, According to Comptroller Brad Lander

pexels.com

202
SHARES
521
VIEWS
Share on FacebookShare on Twitter

Mismanagement of Funds of the NYC Ferry System…

On Wednesday, July 6th, City Comptroller Brad Lander publicly released a report displaying the mismanagement of money for the NYC Ferry system, saying that the government has to pay the remaining balance of each passenger for this pricey ferry to operate.

Lander announced that New York City’s Economic Development Corporation officials under-reported the actual figures by a quarter of a billion dollars. Lander accused the city of hiding information on the ferry’s finances.

In 2017, former Mayor Bill de Blasio announced that the ferry prices would be subsidized to $2.75 per trip, with the remaining costs being covered by the government.

Although the ferry ride is reported to cost $6.60 per trip per person in operating costs, Lander says the actual cost of the ride is double. The false reporting and mismanagement of funds have had a hemorrhaging effect. 

When presenting the findings of his audit, Lander said, “you can’t have confidence that your city is just telling the truth and providing the information that you need.”

The Economic Development Corporation reported only $534 million in ferry-related expenses rather than $758 million from July 2015 till the end of 2021.

In his presentation, Lander said, “This is a very substantial financial [case of] underreporting and mismanagement. $250 million of underreporting raises a lot of questions and those questions should be asked.”

Still on NYC Ferry System…

Former Mayor de Blasio released a statement following the release of Comptroller Lander’s audit stating that he had no comment because he had not reviewed the full report yet. However, he did say that “If there are issues with underreporting at EDC, or by the ferry operators, that should be remedied and whatever accountability or reforms that are needed should be adopted.”

Andrew Rein, President of the Citizens Budget Commission, told THE CITY, “It is a premium service, like express buses, and it is also a tourist commodity. We should be pricing the ferries accordingly and that should be able to reduce that subsidy.”

A spokesperson for Eric Adams’ Administration said the Mayor acknowledged the need for the ferry, noting it is utilized by thousands of people on a daily basis and referred to it as a “critical transportation opinion.” The mayor has since pledged to look at the New York City Ferry’s costs structure and management.

Following the report, the Comptroller’s office offered recommendations to solve the issue of mismanagement of funds in regards to the ferry system stating there must be a more transparent report, control of cost, and a request for proposal, which Mayor Adams has already agreed to, saying he is open to “creative pricing.”

He added that “NYC Ferry offers a critical transportation option that thousands of people use every day. Concerns around the system’s finances are well known – the prior administration rushed NYCEDC to establish a large and complex ferry system, and we are keenly aware there is room for improvement.

We are working actively on an innovative plan to write a new chapter for the ferry system centered on true financial sustainability and access for communities that need it.”

Related

Previous Post

22 Teenagers Found Dead in a Popular Nightclub in South Africa

Next Post

Russia Calls for Global Reserve Currency at BRICS Summit

LittleAfrica Staff Writer

LittleAfrica Staff Writer

Related Posts

LittleAfrica News Newspaper : March 21-March 27
Metro

LittleAfrica News Newspaper : March 21-March 27

by LittleAfrica Staff Writer
March 21, 2023
1.2k
NYPD Claims Three Separate School Shootings in Manhattan Linked
Metro

NYPD Claims Three Separate School Shootings in Manhattan Linked

by LittleAfrica Staff Writer
March 21, 2023
972
New York City Mayor Eric Adams Faces Questions Over Possibly Breaching Campaign Finance Board Regulations
Metro

New York City Mayor Eric Adams Faces Questions Over Possibly Breaching Campaign Finance Board Regulations

by LittleAfrica Staff Writer
March 21, 2023
449
New York State Senate Democrats Suggest Introduction of Residential Parking
Metro

New York State Senate Democrats Suggest Introduction of Residential Parking

by LittleAfrica Staff Writer
March 21, 2023
673
Metro

Rampant Smuggling in New York City’s Juvenile Detention Facilities

by LittleAfrica Staff Writer
March 21, 2023
599
Next Post
Russia Calls for Global Reserve Currency at BRICS Summit

Russia Calls for Global Reserve Currency at BRICS Summit

Translate

en English
sw Swahiliyo Yorubazu Zuluso Somalisu Sudanesesn Shonaht Haitian Creolefr Frenchpt Portuguesenl Dutchen Englishes Spanishde Germanru Russianar Arabicaf Afrikaanssq Albanianam Amharicbn Bengalizh-CN Chinese (Simplified)da Danishtl Filipinofi Finnishel Greekha Hausaiw Hebrewhi Hindiis Icelandicig Igboit Italianja Japaneseko Koreanlb Luxembourgishms Malaymi Maorino Norwegianfa Persiansv Swedishtr Turkish
LittleAfrica News Newspaper : February 14-February 20, 2023
Metro

LittleAfrica News Newspaper : February 14-February 20, 2023

Local, National, and International News for the Diaspora LittleAfrica News Newspaper : February 14 — February 20, 2023

February 14, 2023
LittleAfrica News Newspaper : February 7-February 13, 2023
Metro

LittleAfrica News Newspaper : February 7-February 13, 2023

LittleAfrica News Newspaper : February 7 — February 13, 2023

February 6, 2023
Newspaper Digital Editions
Metro

LittleAfrica News Newspaper : January 31-February 6

Local, National, and International News for the Diaspora LittleAfrica News Newspaper : January 31 — February6, 2023

January 30, 2023
LittleAfrica News Newspaper : March 7-March 13
Print Newspaper Edition

LittleAfrica News Newspaper : March 7-March 13

LittleAfrica News Newspaper : March 7 — March 13, 2023

March 6, 2023
LittleAfrica News Newspaper : March 14-March 20
Print Newspaper Edition

LittleAfrica News Newspaper : March 14-March 20

LittleAfrica News Newspaper : March 14 — March 20, 2023

March 13, 2023

Local, National, and International News for the Diaspora

BOMESI - Black Owned Media Equity and Sustainability Institute

Recent Posts

  • LittleAfrica News Newspaper : March 21-March 27
  • NYPD Claims Three Separate School Shootings in Manhattan Linked
  • U.S. Secretary of State Antony Blinken Travels to Ethiopia
  • New York City Mayor Eric Adams Faces Questions Over Possibly Breaching Campaign Finance Board Regulations
  • New York State Senate Democrats Suggest Introduction of Residential Parking

Menu

  • Home
  • About Us
    • Mona Davids, Founder and Publisher
    • Mymoena Kalinisan-Davids, Director of Communications and Editor-in-Chief
  • Newspaper Editions
  • Education
  • Metro
  • Africa
  • Caribbean
  • U.S.

© 2022 LittleAfrica News. A Project of Social Impact Strategies. All Rights Reserved.

No Result
View All Result
  • Contact Us
  • Home
  • LittleAfrica News Newspaper : March 1 – March 15
  • LittleAfrica News Newspaper Print Edition : February 16 – February 28
  • Mona Davids, Founder and Publisher
  • Mymoena Kalinisan-Davids, Director of Communications and Editor-in-Chief
  • Newspaper Digital Editions
  • Privacy Policy
  • Terms of Use

© 2022 LittleAfrica News. A Project of Social Impact Strategies. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?