A lack of focus and commitment from the Adams Administration to reform the City’s procurement processes has exacerbated both the registration and payment delays that create worsening challenges for the City’s many honest contracting partners; and the risks of corruption, fraud, and abuse.
The City’s cash balances usually dwindle in late November to early December, before the arrival of property tax payments which are due on January 1. But this November, the City’s cash balances remained historically high for this time of year, averaging $7.521 billion, compared to...