
CA CAFR: Parks Dept. ‘Found’ Million, class="wp-singular post-template-default single single-post postid-31952 single-format-standard wp-custom-logo wp-embed-responsive wp-theme-kadence wp-child-theme-solari-child theme-kadence category-by-catherine category-library-solari-com category-news-commentary not-home logged-out woocommerce-no-js theme-wpappninja wpmobileapp wpappninja footer-on-bottom hide-focus-outline link-style-standard content-title-style-above content-width-narrow content-style-unboxed content-vertical-padding-hide non-transparent-header mobile-non-transparent-header".3 Billion More Now ‘Found;’ Full 0 Billion Next?
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Missing Money
Articles and video discussions of the $21 Trillion dollars missing from the U.S. government
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CA CAFR: Parks Dept. ‘Found’ $54 Million, $2.3 Billion More Now ‘Found;’ Full $600 Billion Next?
By Carl Herman
For five weeks I journalistically hammered that California’s Comprehensive Annual Financial Report (CAFR) reveals $600 billion in surplus taxpayer assets, and the various local government agencies’ CAFRs are data-sampled to total $8 trillion in surplus assets.
Last week, the California Parks and Recreation Department was found to be hiding $54 million in assets; more than twice their claimed $22 million budget deficit. This disclosure of fiduciary malfeasance led to the department director’s resignation, and the firing of the second-in-command.
Today, the San Jose Mercury News reports a total of $2.3 billion more was “found” in 500 accounts.
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