Careful How You Spend Your Public ED Funds

September 5, 2010 at 12:40 pm Leave a comment

The agency that collects rent on city property failed to turn over millions to the city – but still managed to spend big bucks on extravagant travel.

The Economic Development Corp. paid for luxury hotels in China, London, San Francisco, Las Vegas, Miami and Washington, expenses from January 2008 through April show.

The records show that EDC operates under looser travel rules than city employees, who are supposed to fly coach, stay in economy hotels and limit how much they spend on food and drink.

In contrast, EDC dropped nearly $17,000 to fly two workers to China to drum up investments, charging taxpayers $600 for a meal at a Beijing restaurant.

Read more: http://www.nydailynews.com/ny_local/2010/09/05/2010-09-05_agencys_luxe_life_edc_workers_travel_in_style_on_your_dime.html#ixzz0yesBxK52

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Entry filed under: New York Economic Development. Tags: , , .

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