A Los Angeles Times investigation finds "widespread instances of corruption, questionable spending and poor accountability" among California's 400 municipal redevelopment agencies.
Here are just a couple of the shady dealings discovered by Kim Christensen and Jessica Garrison at the LA Times:
"One state audit found that dozens of agencies had failed for years to share money with schools and counties, as required. Los Angeles County agencies shorted schools and services by at least $60 million in fiscal year 2005, a review by the state controller found in 2008.
Auditors also found that the City of Industry reported to the state that it gave $2.5 million to schools and the county in 2006. The problem was the payment should have been $21 million."
Thanks to sbpewsaw
FULL STORY: ARRESTED REDEVELOPMENT
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