By Colin Campbell 3/14/12 12:56pm

citycrimes

Preet Bharara and Mayor Blooomberg

Bloomberg: $500M CityTime Restitution Won’t Solve Budget Woes

Although federal authorities announced the contractor who headed the controversial CityTime automated payroll project will pay over $500 million in restitution, which will largely to to the New York City’s coffers, Mayor Michael Bloomberg said the sudden cash infusion won’t be a budget panacea.

“We start out for the year after this with something like a 3 billion dollar deficit projected, so this will help close that,” Mr. Bloomberg said while simultaneously cautioning the budget will be one “where we have to make choices of ‘either or.’” Read More

By David Freedlander 6/20/11 4:19pm

scandal

johncliu

Liu Crows as CityTime Investigation Widens

U.S. Attorney Preet Bharara and Department of Investigations commissioner Rose Gil Hearn announced today that CityTime, the Bloomberg administration’s automated payroll project is even more troubled than previously thought.

The officials now allege that nearly all of the $600 million earmarked for the project is tainted as they announced charges against four new defendants associated Read More