City Comptroller William Thompson Jr. sharply criticized the Parks Department after his office examined the 79th Street Boat Basin's financial statements, finding many discrepancies and possible criminal activity. Thompson said, "During the course of the audit, a number of red flags were raised. The number and magnitude of these red flags raised the question of whether fraud occurred at the Boat Basin.” more ›

Mayor Bloomberg presented the preliminary 2008-2009 fiscal year budget which inclued cuts to almost every city agency, saying, "Everyone is going to have to tighten their belts." One big reason is the slowing economy and its effects on the city; for instance, the city had previously thought Wall Street profits would be $16.8 billion last year but they are more likely to be $2.8 billion. more ›

Employees at FreshDirect’s Plant Operations warehouse voted overwhelmingly against unionization over the weekend. Given options of joining either the United Food & Commercial Workers, the Teamsters, or no union at all, 80 percent of the employees voted “no union.” The vote comes in the midst of an ongoing labor crisis at the warehouse; over one hundred undocumented workers were forced out earlier this month as FreshDirect announced an imminent inspection by Immigration and Customs Enforcement [I.C.E.]. more ›

City Comptroller William Thompson Jr. stated in an audit released Thursday that the New York had wasted almost $6 million attempting to develop a Scottish links-style golf course in the Bronx. That's not how much the city spent; that's just how much Thompson thinks the city wasted. Developer Ferry Point Partners has been working on the project for the better part of the last decade (since 2000), and in 2002 requested additional funds for environmental remediation. Of the $7.2 million the Parks Dept. paid Ferry Point Partners since then, an audit released by Thompson's office determined that $5.8 million did not go towards environmental remediation. more ›

Plans for a water park on Randall's Island are on the verge of collapse as the developer granted a state concession to build the amusement complex missed its second deadline in seven months to secure financing. According to the Daily News, many East Harlem residents and park advocates were ecstatic at the project's possible failure. Tickets for the water park would have been priced at $37 a person and would result in a de facto reduction of public park space for those unable to afford admission. The neighborhoods closest to the proposed water park are the South Bronx and East Harlem. more ›

"In 2004, what we had talked about was an impending crisis in affordable housing. Today, that crisis is here." more ›

And in sorta related news, since it involves a comptroller: State Comptroller Alan Hevesi says the NYC budget deficit won't be the $3 billion Mayor Bloomberg project - it will be more like $3.6 billion, because of education spending. more ›