L.A. Stimulus Money
$111 Total Funds Awarded
55 Jobs "saved" or created
L.A. Pubilc Works Department
$70 Million of the funds
Saved: 7 jobs
Created: 7 private sector jobs
Cost each: $1.5 million
L.A. Transportation Department
$40 Million of the funds
Created/Saved: 9 jobs
Cost each: $4.4 Million
- 7 highway projects which were supposed to be 'shovel ready' actually didn't even go out for bidding until several months after they were approved.
- Projects were given to city workers instead of the Private Sector like the money was supposed to be used for
- Funds were 'lost' once in the Department coffers, were not kept seperate
- Departments did not track jobs "created" or "saved" until after audit began
And THIS is what is wrong with our economy ....
You know it didn't really take no $1million for those jobs .... WHERE did the money really go?
Anytime that more than 25cent of a dollar goes to administration costs -- its TOO MUCH being slipped thru the 'cracks' ....