Economic Development Gone Bad
New York's Nassau County economic development agencies operated as though they were exempt from financial rules, according to a county audit.
"Nassau County's economic development agencies operated as though they were exempt from routine financial rules, paying employees and consultants for time they did not work and spending tens of thousands of dollars on office furniture without bids..." The audit cited examples of "mismanagement, negligence and lack of normal governmental and financial controls."
Thanks to Chris Steins
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Published on Monday, January 19, 2004 in
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