Technology Rules!

Over half a billion dollars to prevent municipal waste . . . uh, yeah:

When development of CityTime began in 1998, officials promised it would use new-age hand scanners and other technology to eliminate abuse of employee timecards by thousands of workers.

The system has instead turned into an uncontrolled gravy train for high-paid consultants and a boondoggle for taxpayers.

CityTime “has a long history of extraordinary increases, rising from $68 million to $722 million over 10 years,” Liu’s director of contract administration, John Goddard, wrote on Feb. 9 in notifying Bloomberg aides of his rejection of the new contract for Spherion Inc.