City Hall quietly overrides Stringer’s veto of school bus company bailout
NY Post
City Comptroller Scott Stringer attempted to block an $890 million contract for the takeover of a school bus operator once owned by a major donor to Mayor Bill de Blasio — only to have City Hall quietly override his veto, The Post has learned.
Stringer’s office tried to nix the deal after the Department of Education refused to provide key details about the takeover of Reliant Transportation and its 1,000 school buses, including the total purchase price or the startup costs for the new city-run nonprofit — NYC School Bus Umbrella Services — set to operate the fleet. The DOE also refused to provide Stringer with any details about its independent appraisal of Reliant’s financial health, which found the company has just $16.6 million in assets while carrying $18.6 million in pension liabilities.More Related News