Council vows to keep closer eye on Algiers Development District
Business & Economy, Crime & Safety, Politics, Recovery
August 2nd, 2012
New Orleans City Council members said Thursday they will more closely monitor the spending of the Algiers Economic Development District, which benefits from about $1.5 million annually in financial support from the city.
The remarks came during a joint meeting of the council’s Budget, Audit and Board of Review committees.
A critical report from the state Legislative Auditor’s Office in 2008 pointed out serious flaws in oversight of the district. It recommended that the district’s board begin submitting all contracts, arrangements,…
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