NYC City Council Hiding Taxpayer Money, Created a Slush Fund

As reported in the NY Daily News, the City Council, for years, stashed away tax payer money to create a “politically motivated” slush fund by allocating the money to groups, that didn’t exist.  The City Council created the phony groups to hide more than $17 million for at least 7 years.

Funds for bogus groups with cutesy names – such as Magic Mountain Fund and Education First – have been stashed in agency budgets since at least 2001. 

The Council’s finances are under investigation by the Dept. of Investigations and Manhattan US Attorney’s office. The Council also hired law firm Sullivan & Cromwell for $95,000 to defend them

This after we learned that some Council members, who were initially opposed to the congestion pricing plan, flip-flopped after getting their own pet projects approved. Of course, Speaker Christine Quinn is claiming she knew nothing of this fraud.

“I was obviously deeply troubled when I found out about this information. I had no knowledge of it,” said Quinn (D-Manhattan). 

Please, now I know where the money for those pet projects came from.