City Council Speaker Christine Quinn's office hid millions of taxpayer dollars by allocating grants to phantom organizations as a way of holding the funds to dole out political favors later - bogus bookkeeping that is the subject of city and federal probes, The Post has learned.
THIS $$ IS HERS FOR THE FAKING
Among the dozens of fabricated groups that were slated to receive funds were the "Immigration Improvement Project of New York" ($300,000), the "Coalition for a Strong Special Education" ($400,000) and the "American Association of Concerned Veterans" ($422,763).
The total amount set aside in 2007 and 2008 for the fake organizations - which are each listed by name in the city budget after being inserted at the council's request - was $4.7 million. In the two years, 30 phantom groups were listed, council aides confirmed.
The money, in effect, became a slush fund for the speaker and was later used at Quinn's discretion to reward groups that were loyal to her and to fund favored council members' pet projects, sources told The Post.