New York City Mayor Eric Adams, the New York City Economic Development Corporation (NYCEDC), the New York City Department of Transportation (DOT), and the Hudson Square Business Improvement District (BID) unveils the newly renovated Hudson Street streetscape.
This report is an analysis of the adequacy of the Taxi Improvement Fund, which is used by the the Taxi & Limousine Commission to encourage the use of Wheelchair Accessible Vehicles.
This audit found that EDC did not disclose over $224 million in expenditures as ferry-related in its audited financial statements and that EDC understated the City’s subsidy for the ferry operations by $2.08, $2.10, $3.98 and $4.29 for Fiscal Years 2018, 2019, 2020, and 2021, respectively.