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  NYC Drops $722M On CityTime Attendance System

  Posted: March 27th, 2010, 8:20am MDT by Soulskill

  theodp writes "New York City is reportedly paying 230 consultants an average annual salary of $400K for a computer project that is seven years behind schedule and vastly over budget. The payments continue despite Mayor Bloomberg's admission that the computerized timekeeping and payroll system — dubbed CityTime — is 'a disaster.' Eleven CityTime consultants rake in more than $600K annually, with three of them making as much as $676,000. The 40 highest-paid people on the project bill taxpayers at least $500K a year. Some of the consultants have been working at these rates for as long as a decade."

  

  Read more of this story at Slashdot.