Today, New York City became the first municipality in the country to create a public database of subcontractors. In addition to recording payments to prime contractors, now subcontractors are recorded and tracked, and all this information is public. NYC Comptroller Liu’s office issued this press release, quoting TWG Co-Chairs Gene Russianoff and John Kaehny:
“New Yorkers will be getting a much more complete picture of how contractors and subcontractors are spending their tax dollars, thanks to Mayor Michael Bloomberg and Comptroller John Liu,” said Gene Russianoff, senior attorney for the New York Public Interest Research Group.
“Congratulations to Mayor Bloomberg and Comptroller Liu,” said John Kaehny, Executive Director of Reinvent Albany and Co-Chair of the NYC Transparency Working Group. “Digitizing and reporting subcontractor payments is a huge leap forward in accountability and transparency. Though somewhat dry and esoteric, this new reporting system has big implications for reducing corruption and improving efficiency, and when fully in place, will make New York City one of the most fiscally transparent cities in the world. When the subcontractor data is put into the Checkbook NYC platform, it will become instantly available for the rest of government and the public to use.”