Los Angeles city controller says tens of millions of dollars sits idle

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Los Angeles city controller says tens of millions of dollars sits idle
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L.A. has 203 special funds – money – that hasn’t been tapped in at least two years, many of them for at least a decade.

Other untapped funds included about $7.4 million meant to go toward parks programs, $4.5 million for social services, $3.1 million for transportation, $1.9 million for public works and $1.1 million for street-related expenditures.

“I know this is an issue that the council has made some progress on and will continue to do so,” Flynn said in his email. “When the council is back in session, I’m sure these recommendations will be discussed and taken into consideration.” Some funds have restrictions on how the money can be spent. But Mejia identified 64 funds, totaling $51.26 million, that he recommended be put to use.

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