Liu says he saved the city $5 billion
Comptroller sums up his career
Comptroller John Liu, who has less than three months left in office, summed up his career as the New York’s financial watchdog as a success, pointing out that he saved the city $5 billion by scrutinizing expenditures and bringing municipal government excesses to light.
“We have been closely scrutinizing these outside consultants,” Liu told Community Board 11 (Bensonhurst-Bath Beach) on Thursday. Liu said he helped expose the CityTime scandal, in which a private contractor allegedly milked the city for millions of dollars with a faulty program that was supposed to keep track of city workers’ hours.
The CityTime program, which was meant to overhaul the city’s payroll system and was originally supposed to cost $73 million, wound up setting the city back an estimated $700 million. The scandal was uncovered in 2011.