Hidden Taxpayer Treasure . . .
. . . What about your state?
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Paul Jacobs, Common Sense: If I found $54 million I didn’t know I had, I’d be ecstatic. Yet, when California taxpayers discovered $54 million stuck in secret state parks system bank accounts, they were miffed.
California parks, constrained by the state’s multi-year budget crunch, were facing closure. Meanwhile, these funds went unreported to the Department of Finance. Ruth Coleman, who has led the parks system for the last decade, resigned. Her second-in-command was fired.
A spokesperson for California’s finance department admitted that, historically, the department had relied upon “accurate and correct accounting being reported to us by the relevant departments.” The San Jose Mercury News called it, “The little-known practice of trusting — and not verifying . . .”
Seems there are 500 “special funds” accounting for supposedly $37 billion about which California’s Department of Finance doesn’t have any real clue.
Jonathan Coupal, president of the Howard Jarvis Taxpayers Association, says this is hardly “an isolated incident,” and points out that it must be piled “on top of the High Speed Rail fiasco, pay hikes for legislative employees, having to pay $34 million in penalties for overdue bills, raids on special funds to pay for Legislative malfeasance, etc.”
Meanwhile, Governor Jerry Brown continues to push a tax increase. One of his arguments for the tax hike has been that parks were being closed due to the budget crunch — er, well, rather, due to state officials hiding $54 million dollars.
The Governor’s tax initiative is in trouble. Coupal notes that fiscally prudent Californians have defeated the last eight tax increases on the ballot.
This is Common Sense. I’m Paul Jacob.
Tags: California, hidden money, special funds, taxpayers, Common Sense, Paul Jacob To share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. Thanks!http://thisiscommonsense.com/2012/08/07/hidden-taxpayer-treasure/
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Paul Jacobs, Common Sense: If I found $54 million I didn’t know I had, I’d be ecstatic. Yet, when California taxpayers discovered $54 million stuck in secret state parks system bank accounts, they were miffed.
California parks, constrained by the state’s multi-year budget crunch, were facing closure. Meanwhile, these funds went unreported to the Department of Finance. Ruth Coleman, who has led the parks system for the last decade, resigned. Her second-in-command was fired.
A spokesperson for California’s finance department admitted that, historically, the department had relied upon “accurate and correct accounting being reported to us by the relevant departments.” The San Jose Mercury News called it, “The little-known practice of trusting — and not verifying . . .”Seems there are 500 “special funds” accounting for supposedly $37 billion about which California’s Department of Finance doesn’t have any real clue.
Jonathan Coupal, president of the Howard Jarvis Taxpayers Association, says this is hardly “an isolated incident,” and points out that it must be piled “on top of the High Speed Rail fiasco, pay hikes for legislative employees, having to pay $34 million in penalties for overdue bills, raids on special funds to pay for Legislative malfeasance, etc.”
Meanwhile, Governor Jerry Brown continues to push a tax increase. One of his arguments for the tax hike has been that parks were being closed due to the budget crunch — er, well, rather, due to state officials hiding $54 million dollars.
The Governor’s tax initiative is in trouble. Coupal notes that fiscally prudent Californians have defeated the last eight tax increases on the ballot.
This is Common Sense. I’m Paul Jacob.
Tags: California, hidden money, special funds, taxpayers, Common Sense, Paul Jacob To share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. Thanks!http://thisiscommonsense.com/2012/08/07/hidden-taxpayer-treasure/
Posted by Bill Smith at 1:00 PM - Post Link
1 Comments:
"$54 million was ‘found’ indicates that the California taxpayers are being ripped off!!!!
How much more ‘lost’ funds are waiting to be ‘found’?
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