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Audit finds Port Authority could have saved $22M yearly, service contracts lack oversight
In a rare rebuke of the Port Authority of New York and New Jersey by another public entity, an audit by the New York State Comptroller’s office found the bi-state agency lacked documentation to justify hundreds of millions of dollars in contracts with outside vendors for cleaning, trash hauling, maintenance and other miscellaneous services.
The audit, made public yesterday, also found the Port Authority failed to show that it periodically reassessed service contracts and may have missed opportunities to save millions of dollars. (Strunsky, The Star-Ledger)