The cost of running the NYC ferry service was off by nearly a quarter of a billion dollars, auditors found — much of that taxpayer dollars from fiscal years 2016-2021
The audit found that the EDC, under then-Mayor Bill de Blasio, failed to report the quarter-billion-dollar discrepancy. Auditors placed blame on under-accounting for rider subsidies, contract termination fines and overpayment for vessels to ferry operator Hornblower.
A spokesperson for Hornblower clarified in a statement that the comptroller's report did not state that the company violated its contract with the city in any regard. The EDC responded to the audit saying, “We believe that relevant data was misrepresented, key facts were misconstrued, or NYCEDC's contractual agreement with the operator of the NYC Ferry was misunderstood.”"It’s reasonable to guess there was pressure on edc to put forward info that showed a lower subsidy per ride in a way that would be more consistent with the goals that the mayor had laid forward.
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