Support for LAist comes from
Become a sponsor
Audience-funded nonprofit news
Donate
Stay Connected

LAist is part of Southern California Public Radio, a member-supported public media network.

Audience-funded nonprofit news
Listen
Donate
Podcasts Take Two
Paul Krekorian calls for better oversight of LA city funds
solid orange rectangular banner
()
Take Two Logo
May 15, 2013
Listen • 5:53
Paul Krekorian calls for better oversight of LA city funds
This month, the City of Los Angeles found almost $43 million in a special transportation fund. The money had gone undetected for almost 20 years and while it's good news for the city, it has officials worried about the possibility of other hidden money.
An audit from Controller Wendy Greuel finds the city is unable to track the true inventory of parking lots in Los Angeles.
View of downtown City Hall.
(
Kevork Djansezian/Getty Images
)

This month, the City of Los Angeles found almost $43 million in a special transportation fund. The money had gone undetected for almost 20 years and while it's good news for the city, it has officials worried about the possibility of other hidden money.

Jerry Brown isn't the only California politician finding a budget surplus this year. This month, the City of Los Angeles found almost $43 million in a special transportation fund. The money had gone undetected for almost 20 years and while it's good news for the city, it has officials worried about the possibility of other hidden money.

Yesterday, City Councilman Paul Krekorian called for more transparency of these funds.