Tens Of Millions Of Taxpayer Dollars Missing From Philadelphia’s Largest Cash Account

 

Why are cities always so corrupt? Why? Why? It’s like hyper-regulation and over taxation plus a powerful City Hall facilitates official crime or something. It’s almost as if such dysfunction is built into the urban political machine. Like corruption is the DEFINING characteristic of big city government.

But, again, please do tell us why we should all live in congested, cramped, polluted, noisy, and unsafe cities where the government is on the take.

My theory is that many urbanites just haven’t seen the sun, the real sun, in so long that they don’t even know what they are missing.

(From Philadelphia CBS)

City officials are searching for tens of millions of dollars of misplaced money as they’re trying to figure out what happened.

The City of Philadelphia isn’t sure where $33.3 million went from its largest cash account.

City Controller Rebecca Rhynhart called it “unacceptable.”

“It could be the money was mistakenly deposited in the wrong city account,” she said. “It could be worse. It could be that a portion of it is actually missing or it could be theft.”

Rhynhart is demanding the city’s Finance and Treasury Department find the missing money.

“My job is to find and identify the financial problems of the city,” she said, adding that this is “something I’m not going to let up on.”

Good. I am sure the taxpayers of Philadelphia are pleased to hear that. Good luck – taxpayers.

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