Remember CityTime? It's Mayor Bloomberg's $740 million boondoggle to modernize the city's payroll administration that—oh look, Willow the cat! Anyway, it turns out that Bloomberg is really good at wasting hundreds of millions of dollars on implementing technological advances that years later appear to be abject failures. The Times reports that $363 million has been spent on Nycaps, a plan to "modernize" the personnel information on the city's employees that originally was budgeted for $66 million in 2002. That's right, $297 million spent over nine years for a website made in 1996. [ more › ]
CityTime's Sequel: How Bloomberg Wasted Another $297 Million
Christopher Robbins
Sat, 24 Sep 2011 17:35:44 GMT
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