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Queens Chronicle

NYC’s $500M rebate

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Posted: Thursday, March 15, 2012 12:00 pm

Even as Judge Garaufis is taking one chunk of serious money out of city coffers, another, even larger amount is being added, thanks to a surprise agreement in an unrelated legal matter.

Science Applications International Corp. has agreed to pay the city more than $500 million in restitution and penalties over its role in the CityTime payroll program scandal. That will cover most of the $700 million the city paid for the system — which was to have cost only $63 million.

U.S. Attorney Preet Bharara says that as far as he knows, the deal is the “largest in history for any city or state fraud.” Mayor Bloomberg, under whose watch the hundreds of millions went missing over several years, also praised the agreement.

Maybe this means we can keep all those fire companies and libraries open after all? We can only hope.

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