COMPTROLLER STRINGER AUDIT REVEALS CITY AGENCY CAN’T ACCURATELY TRACK REAL ESTATE HOLDINGS

The Department of Citywide Administrative Services (DCAS) can’t produce an accurate list of the office space it administers, or identify vacancies in the more than 19 million square feet of office space it manages, New York City Comptroller Scott M. Stringer found in a new audit released today. This lack of oversight means that New York City taxpayers could be on the hook for unnecessary payments to property owners


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