Next Time You Hear About Underfunded Cities …
… or about the need for government-operated Redevelopment Agencies to fund spur economic growth, keep this one in mind.
“City leaders in Hercules spent nearly $50 million of the city’s redevelopment agency funds on questionable transactions, many of which had missing or nonexistent records, according to a pair of audits released Wednesday by state Controller John Chiang.”
Local governments are bloated.
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