special funds

Government & Politics
6:25 pm
Thu August 9, 2012

California Lawmakers Hold First Special Funds Hearing

The Chair of a California Assembly committee looking into the state’s special funds accounts called the parks department scandal “shameful” today. As Amy Quinton reports from Sacramento, lawmakers asked finance officials for assurances that there are no more hidden assets.

At issue is how $54 million in surplus Parks department funds could remain hidden for 12 years. An audit last week also found discrepancies in other state special funds accounts. Assemblymember Bob Blumenfield chairs the oversight committee.

Read more