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Colorado Eviction Courts Overwhelmed As Housing Crisis Unfolds
It is official. Consumers in Colorado appear to be tapped out.
This comes at a time when the recovery is now tied for the second-longest economic expansion in American history. The stock market is near an all-time high, unemployment is the lowest in two decades, consumer confidence is beyond euphoric, and Trump tax cuts are stoking the best earnings quarter since 2011 — unleashing a record amount of corporate stock buybacks.
While a real economic recovery could be plausible this late in the business cycle, the unevenness of the recovery has left many residents in Colorado without a paddle. Accelerating real estate and rent prices across Colorado are squeezing residents out of their homes at an alarming pace.
According to ABC Denver 7, Denver metro area’s skyrocketing cost of living, stagnate wage growth, and lack of affordable real estate has fueled an enormous housing crisis — overwhelming the state’s eviction courts.
Colorado Center on Law and Policy (CCLP), which has spent decades advocating for tenant rights, warns that an eviction crisis is underway in the Denver region.
ABC Denver 7 said, “27 percent of all civil cases filed in Colorado in 2017 were evictions, which represents 45,000 cases.” In Denver alone, eviction cases accounted for nearly 18 percent (8,000 eviction cases) of all evictions across the state. Arapahoe County, the third-most populated county outside of Denver, experienced the most significant number of eviction cases at nearly 22 percent (10,000 eviction cases) in 2017.
Jack Regenbogen, attorney and policy advocate for the Colorado center on Law and Policy, told ABC Denver 7 that most tenants are underrepresented in eviction court cases. In return, this has led to more evictions forcing tenants out onto the streets. He says about 90 percent of landlords are represented by legal counsel during an eviction process, but less than one percent of tenants have legal assistance.
“Traditionally, Colorado has been a very friendly state towards landlords. We really need our policymakers to begin investing meaningful resources to address this issue,” said adds.
ABC Denver 7 indicates that more than 50 percent of Coloradans are renting, and as court dockets continue to expand with evictions in 2018, the crisis is far from over.
According to the Denver Metro Association of Realtors (DMAR) May housing trends report, the average cost of a single-family home in the Denver metro area edged up, as it hit $543,059 in April. More and more homes are listing in the range between $500,000 to $750,000 than all of the price ranges below $500,000 combined. A spokesman from DMAR said homes priced between $500,000 and $749,000, is now considered the “new norm.”
All-Transactions House Price Index for Colorado
“This demonstrates homebuyer demand remains robust,” said Steve Danyliw, Chairman of the DMAR Market Trends Committee. “As new listings poured into the market, buyers that were waiting for them quickly gobbled them up, driving the average days on market down to 20 days.”
Danyliw, further said housing activity remains stable, but increasing interest rates could have an eventual impact on the real estate market.
Evidence continues to build that housing affordability is getting worse, particularly for everyday Americans. Colorado is the latest example of consumers physically tapping out, as they can no longer afford soaring real estate/rent prices - which is now overwhelming state courts in Denver.
https://www.zerohedge.com/news/2018-05-05/colorado-eviction-courts-overwhelmed-housing-crisis-unfolds
"It will either go up or it will go down"
Great call !
Your stuff will be much easier to read if you leave the "$" signs off. It creates a lot of clutter to sift thru and investors might take your symbols more seriously.
"I believe this is a risky time to play the market, and traders will get killed"
It's good thing you're not a trader
“black people don’t have to be Democrats.”
"Won’t some Ivy League university please invite her to speak, just to see what happens? "
If the blacks come to their senses and realize that they don't need to be victims the Democratic party will cease to exist.
Very entertaining... If you see more on this keep us updated
Yes there will be inflation.
So you better get an education, pull your pants up and get rid of your drugs and tattoos. Or you can continue to complain that somebody else is doing better.
And that's why interest rates are going up.
US Wages And Salaries Rise At Fastest Pace In 10 Years
https://www.zerohedge.com/news/2018-04-27/us-employee-compensation-rises-fastest-pace-10-years
Jobless Claims Hit 48-Year Low
It's becoming painfully obvious that when the government takes less from those that actually produce that everything improves !
https://www.investors.com/market-trend/stock-market-today/nasdaq-futures-facebook-paypal-chipotle/?src=A00220&yptr=yahoo
Good post ! Thanks.
Organic food has very little to do with gaining or losing weight. But it has everything to do with consuming harmful chemicals. We have a small organic garden and only buy organic at the grocery store. This makes our grocery bill very high but it's a choice that we have made. We fully expect to have a longer life with fewer health problems along the way.
I was on the Keto diet for a while. It does an excellent job of reducing glucose which comes not only from sugar but from carbs. One of the key features of the Keto diet is to reduce carbs and get most of your energy from fats. This web site is an excellent tool to measure and track the % of carbs, fat and protein that you eat. Get rid of the carbs, increase your fat intake and you will actually lose weight.
https://cronometer.com
"The last time real GDP grew by more than 3.3 percent from the fourth quarter of one year to the fourth quarter of the next was in 2003, when it grew by 4.4 percent"
Was that Bush's fault ????
"Spectacular Miss" By Key Apple Supplier Paints Ominous Picture For iPhone Demand
Another day, another flashing red warning that sales of the iPhone X are far worse than Tim Cook had ever expected; this time courtesy of Austrian chipmaker AMS AG - which makes the optical sensors that control brightness and color - which just days after a similar warning from semiconductor giant Taiwan Semi, became the latest Apple-supplier to cast doubt over the iPhone's chilled reception.
AMS shares plunged as much as 14%, the most this year, after warning on negative operating margins because of low production capacity at its Singapore factories, and after its guidance for sequential revenue drop in 2Q missed the lowest estimate among analysts in a Bloomberg survey, adding to the recent negative datapoints in the iPhone X supply chain.
Following the AMS reports, European chipmakers including Dialog Semi, STMicro and IQE all fell, with industry concerns further fueled by a disappointing report from South Korea’s SK Hynix. Following last week's surprise guidance miss, today the bulk of Apple's supply chain was lower, with Dialog Semi -5.9%, STMicro -4%, ASML -2.1%, and Infineon -1.6%.
Following the report, Apple's five largest device assemblers have all reported a sharp slowdown after peaking at the end of last year, suggesting demand for the high-end device may have faded just a quarter after its release. As Bloomberg notes, while Hai Precision Industry Co., Pegatron Corp. and three other key suppliers reported an 8 percent rise in their total sales across the March quarter, growth cratered later in the period - a drop that in the past has presaged a downturn for Apple, hardly what AAPL longs want to hear one week ahead of earnings, which are expected on May 1.
As Bloomberg also notes, the concern is that the iPhone X, while enjoying a customary holiday quarter spike for new-generation Apple gadgets, "fizzled out rapidly."
Apple’s costliest smartphone has struggled to draw customers in emerging markets, while competitors from Huawei to Xiaomi roll out more premium phones and dominate China -- the U.S. company’s biggest foreign market. On Friday, Morgan Stanley cut its estimate on iPhone shipments by 6 million, underscoringthe growing unease since Taiwan Semiconductor Manufacturing Co., the maker of iPhone processors, issued a disappointing outlook that triggered a 7 percent loss in Apple’s value over the past three days.
As AAPL's recent stock troubles confirm, investors remain concerned that iPhone failed to meet their lofty expectations. Mia Huang, an analyst at Taipei-based research firm Trendforce, estimates that overall iPhone production volumes grew slightly to 54-56 million units in the March quarter - barely up from 52 million in the same period of last year, when it was propelled by demand for lower-priced and older models like the iPhone 6S and ramp up of the iPhone 7.
“According to our estimates, iPhone X’s production volume fell by 50% in the first quarter compared to the fourth quarter,” said Huang.
Hardly a ringing endorsement for the world's most valuable company...
https://www.zerohedge.com/news/2018-04-24/spectacular-miss-key-apple-supplier-paints-ominous-picture-iphone-demand
Simulations Plus SLP Announces Employee Bonuses
( I have held a significant position in SLP stock for over 15 years. )
Simulations Plus, Inc. (NASDAQ: SLP), the premier provider of simulation and modeling software and consulting services for all stages of pharmaceutical discovery and development, today announced that it will be distributing a one-time $1,000 discretionary cash bonus to each of its employees.
Walt Woltosz, chairman and chief executive officer of Simulations Plus, said, “As we announced on April 9, 2018, when we reported record financial results for our second fiscal quarter of 2018, with the effects of the Tax Cuts and Jobs Act of 2017, we posted a deferred tax benefit of approximately $1.5 million in our second fiscal quarter, as well as lower income tax rates for January and February. Even without the deferred tax benefit, net income for the quarter was up 65% owing both to our acquisition of DILIsym Services, Inc. last year and the lower tax rates for January and February. We credit the excellent performance in all three divisions for the record revenues we have been generating each quarter. For the past six years, we’ve rewarded our valued shareholders through the distribution of quarterly cash dividends, recently increasing the dividend from $0.05 per share per quarter to $0.06 per share per quarter. The Board of Directors has now voted to reward our dedicated employees with a $1,000 discretionary cash bonus. The ongoing efforts and commitment of our employees to providing the best products and services to the pharmaceutical industry are key to our success.”
About Simulations Plus, Inc.
Simulations Plus, Inc. is a premier developer of drug discovery and development software as well as a leading provider of both preclinical and clinical pharmacometric consulting services for regulatory submissions and quantitative systems pharmacology models for drug-induced liver injury and nonalcoholic fatty liver disease. The company is a global leader focused on improving the ways scientists use knowledge and data to predict the properties and outcomes of pharmaceutical, biotechnology, and chemical agents. Our software is licensed to and used in the conduct of drug research by major pharmaceutical, biotechnology, chemical, and consumer goods companies and regulatory agencies worldwide. Our innovations in integrating new and existing science in medicinal chemistry, computational chemistry, pharmaceutical science, biology, and physiology into our software have made us the leading software provider for physiologically based pharmacokinetic modeling and simulation. For more information, visit our website at www.simulations-plus.com.
https://www.irdirect.net/prviewer/release/id/3064399
Good cartoon
We have seen this before...
We give them $ Billions for showing their good faith and judgment to help them rebuild their economy and then it's back to business as usual.
Maybe this time it's different.
Interesting... Thanks for posting.
Teen employment is important in that it's a big help in keeping them busy doing something useful.
It's an oxymoron...
When a bunch of liars question someone and then accuse them of not telling the truth.
Hopefully Ayock will read your post.
Every time someone makes a post about debt he responds with deficit. It really looks like he can use some help in this area.
Im glad you brought up stupidity...
Wasn't it the democrats that fell for this crap? They all voted for it !
I know which question I asked.
You just don’t want to answer it because it doesn’t fit your narrative.
Was the debt higher or lower at the end of Obama's 8 years compared to the beginning ?
Tax rules have become off the charts complicated. All changes have been forced by lobbyists for someones special interest.
I still remember my first tax return that I submitted... An IBM punch card with my gross income and required tax liability all on one side of the card. Literally a post card. Taxes are so complex today that I need a CPA to file for me. Admittedly my addition of investment properties over years has added to the complexity.
Defenders of this tax treatment for executive options point out that it’s not like Uncle Sam is getting stiffed. That's because the executive must report the same amount deducted by the company as ordinary income. So while corporations avoid a 35% corporate income tax, wealthy executives pay individual income taxes (after this year's fiscal cliff tax deal) at a top 39.6% rate. Plus, the whole amount is considered compensation subject to Medicare taxes at a 3.8% rate. (That’s the normal 2.9% Medicare rate, equally split between employer and employee, plus a 0.9% Medicare surcharge on highly paid employees that was part of ObamaCare.) And, of course, the exec has state individual income taxes to pay too. (In California, the top rate on income above $1 million is now a whopping 13.3%.)
https://www.forbes.com/sites/janetnovack/2013/04/24/stock-options-meant-big-tax-savings-for-apple-and-jp-morgan-as-well-as-facebook/#7392d8657b92
I think we should all be on welfare collecting disability and food stamps so that gas won't go up. That way we will all be equal.
Strange how that works...
Increased economic activity results in more people employed which results in more demand for stuff which results in higher prices.
“Just 4.3% of workers will get a one-time bonus or pay hike tied to the Trump tax cuts”
What % of workers will have a larger take home pay check due less taxes taken out of their gross pay?
Amazon is not always the lowest price... I have purchased numerous items recently from other retailers at a lower price... including shipping.
Amazon has done a good job of getting everyone to believe that they offer the lowest price but that isn't the case anymore.
Looks like the intro title should read:
" America's corps of engineers refugees are preparing to leave an island that will disappear under the sea in the next few years "
From your article:
"...the principal problem traces back to the Great Mississippi Flood of 1927 when the corps of engineers responded by building giant levees to constrain the river. The result was stopping the flow of sediment into its delta, which once gave the state's barrier islands the material to rebuild as fast as they eroded."
Why do you continue to think that everybody that has a different point of view than yours is stupid ?
It seems to me that the dim bulbs are the ones that think a corps of engineers project is global warming.
I don't actually deserve credit... Walt Woltosz, the CEO, gets all the credit. He is the example that the major business schools need to use as an example of how a business should be managed.
When you see a company where the CEO is truly doing everything that is best for the company then you should consider investing in it. It took a while for me to realize that this guy is for real... so unusual.
I'm not sure that I can even find my trade confirmations. I was buying right after the market toped out in 2000-2001. SLP went public at $4 a share with only 4 million shares. The CEO wanted more liquidity so he split the shares 2:1 two times which basically made those $4 shares $1. With the dotcom bust SLP traded down just under $1 a share which after the 2 splits is actually under 25 cents. I bought my shares below $4 before the split at various prices so I got a huge part of the gain.
The reason I had so much faith in this is because Walt, the CEO, was posting on the Raging Bull message board and he never told investors anything that didn't actually prove to be the case at later dates. The most honest guy you ever met. He was/is so hell bent and determined to make his stock position worth more that at one time he used his own airplane for business transportation and did not ask for expense money to cover his cost. He also cancelled his bonus because the money in the company was the best place for him to invest.
With a 4 million share IPO and two 2:1 stock splits the number of original shares is 16 million. The share count today is 17.3 million. Part of the increase is for shares issued for acquisitions. He doesn't play the game of issuing shares and give them to the principals so that everybody is happy getting free shares. The result is that almost all of the growth is retained in stock holder equity. There is still almost zero debt... The amount of debt on the balance sheet is the balance owed to Dilisym for the most recent acquisition. Dilisym is already increasing sales and adding to SLP earnings.
On the business side SLP provides high quality software for drug discovery. They produce good stuff that actually helps the drug discovery companies save years of time during drug development. In the conference call yesterday Walt said a chemist working on a specific molecule did not know 15 years ago that it would not work... Today the chemist will know that in almost real time.
Everytime I look at this I can't find a better place to put my money
SLP has done so well for me that it has outperformed anything else I ever bought. The result is that every year SLP becomes a larger percent of my total stock portfolio. I may have to start selling some because people are telling me I'm crazy to have so much in one stock.
SLP Reports Record Second Quarter FY2018 Revenue
( SLP is now a "69 bagger" from the dotcom bust in the early 2000's. I am still holding all my shares.)
Simulations Plus, Inc. (SLP), the premier provider of simulation and modeling software and consulting services for all stages of pharmaceutical discovery and development from the earliest discovery through all phases of clinical trials, today reported financial results for its second quarter of fiscal year 2018, the period ended February 28, 2018 (2QFY18).
2QFY18 highlights compared with 2QFY17:
Revenues were $7.4 million, up $1.7 million, or 28.9%, compared to $5.7 million in 2QFY17
57% of the increase is from DILIsym Services, acquired on June 1, 2017
Gross profit was $5.2 million, up $1.1 million, or 26.2%, compared to $4.2 million in 2QFY17
48% of the increase is from DILIsym Services, acquired on June 1, 2017
Gross margin was 71.2%, down slightly from 72.8% in 2Q17, because more of the new revenues from DILIsym are from consulting rather than software
SG&A expenses were $2.3 million, up $0.4 million, or 20.1%, compared to $1.9 million in 2QFY17
Income from operations was $2.4 million, up $0.6 million, or 34.7%, compared to $1.8 million in 2QFY17
31% of this operating income increase is from DILIsym Services, acquired on June 1, 2017
The Company recorded a benefit for income taxes of $1.1 million in 2QFY18 compared to $589,000 of income tax expense in 2QFY17, due to the effects of a $1.5 million one-time adjustment to deferred taxes based on the new Federal tax law and the lower blended Federal tax rates for the 2nd quarter of this fiscal year
Inclusive of the $1.5 million adjustment, net income was $3.5 million, up $2.3 million, or 190.6%, compared to $1.2 million in 2QFY17; without the adjustment, income would have been $2.0 million for the quarter, up $0.8 million or 65%
Inclusive of the tax benefit, diluted earnings per share increased $0.13 to $0.19 from $0.07; the tax adjustment accounted for $0.08 of the increase in quarterly diluted earnings per share
6MoFY18 highlights compared with 6MoFY17:
Revenues were $14.4 million, up $3.3 million, or 29.7%, compared to $11.1 million for 6MoFY17
62% of the increase is from DILIsym Services, acquired on June 1, 2017
Gross profit was $10.6 million, up $2.34 million, or 28.4%, compared to $8.2 million for 6MoFY17
56% of the increase is from DILIsym Services, acquired on June 1, 2017
Gross margin was 73.3%, down slightly from 74.0% in 2Q17, because more of the new revenues from DILIsym are from consulting rather than software
SG&A expenses were $4.7 million, up $0.94 million, or 24.6%, compared to $3.8 million for 6MoFY17
Income from operations was $5 million, up $1.26 million, or 33.8%, compared to $3.7 million for 6MoFY17
48% of this operating income increase is from DILIsym Services, acquired on June 1, 2017
The non-recurring benefit for income taxes for the six-month period was $289,000, compared to $1.2 million of income tax expense in 6MoFY17, due to the adjustment mentioned above and the lower blended Federal rates for the second quarter of this fiscal year.
Inclusive of the tax benefit, net income was $5.2 million, up $2.63 million, or 103.0%, compared to $2.6 million for 6MoFY17; without the adjustment, income would have been $3.7 million for the quarter, up $1.1 million or 44%
Inclusive of the tax benefit, diluted earnings per share increased $0.14 to $0.29 from $0.15, the tax adjustment accounted for $0.08 of the increase in diluted earnings per share
John Kneisel, chief financial officer of Simulations Plus, said, “We saw another strong quarterly revenue growth in our core divisions in Lancaster and Buffalo coupled with the new revenues and profits from DILIsym Services acquired in the last quarter of our prior fiscal year. Even with the addition of a higher percentage of non-software sales we have seen increases in operating income margins. The Company produced a 28.9% growth in revenues and a 34.7% growth in income from operations.”
https://finance.yahoo.com/news/simulations-plus-reports-record-second-200100996.html
SLP Reports Record Second Quarter FY2018 Revenue
( SLP is now a "69 bagger" from the dotcom bust in the early 2000's. I am still holding all my shares. )
Simulations Plus, Inc. (SLP), the premier provider of simulation and modeling software and consulting services for all stages of pharmaceutical discovery and development from the earliest discovery through all phases of clinical trials, today reported financial results for its second quarter of fiscal year 2018, the period ended February 28, 2018 (2QFY18).
2QFY18 highlights compared with 2QFY17:
Revenues were $7.4 million, up $1.7 million, or 28.9%, compared to $5.7 million in 2QFY17
57% of the increase is from DILIsym Services, acquired on June 1, 2017
Gross profit was $5.2 million, up $1.1 million, or 26.2%, compared to $4.2 million in 2QFY17
48% of the increase is from DILIsym Services, acquired on June 1, 2017
Gross margin was 71.2%, down slightly from 72.8% in 2Q17, because more of the new revenues from DILIsym are from consulting rather than software
SG&A expenses were $2.3 million, up $0.4 million, or 20.1%, compared to $1.9 million in 2QFY17
Income from operations was $2.4 million, up $0.6 million, or 34.7%, compared to $1.8 million in 2QFY17
31% of this operating income increase is from DILIsym Services, acquired on June 1, 2017
The Company recorded a benefit for income taxes of $1.1 million in 2QFY18 compared to $589,000 of income tax expense in 2QFY17, due to the effects of a $1.5 million one-time adjustment to deferred taxes based on the new Federal tax law and the lower blended Federal tax rates for the 2nd quarter of this fiscal year
Inclusive of the $1.5 million adjustment, net income was $3.5 million, up $2.3 million, or 190.6%, compared to $1.2 million in 2QFY17; without the adjustment, income would have been $2.0 million for the quarter, up $0.8 million or 65%
Inclusive of the tax benefit, diluted earnings per share increased $0.13 to $0.19 from $0.07; the tax adjustment accounted for $0.08 of the increase in quarterly diluted earnings per share
6MoFY18 highlights compared with 6MoFY17:
Revenues were $14.4 million, up $3.3 million, or 29.7%, compared to $11.1 million for 6MoFY17
62% of the increase is from DILIsym Services, acquired on June 1, 2017
Gross profit was $10.6 million, up $2.34 million, or 28.4%, compared to $8.2 million for 6MoFY17
56% of the increase is from DILIsym Services, acquired on June 1, 2017
Gross margin was 73.3%, down slightly from 74.0% in 2Q17, because more of the new revenues from DILIsym are from consulting rather than software
SG&A expenses were $4.7 million, up $0.94 million, or 24.6%, compared to $3.8 million for 6MoFY17
Income from operations was $5 million, up $1.26 million, or 33.8%, compared to $3.7 million for 6MoFY17
48% of this operating income increase is from DILIsym Services, acquired on June 1, 2017
The non-recurring benefit for income taxes for the six-month period was $289,000, compared to $1.2 million of income tax expense in 6MoFY17, due to the adjustment mentioned above and the lower blended Federal rates for the second quarter of this fiscal year.
Inclusive of the tax benefit, net income was $5.2 million, up $2.63 million, or 103.0%, compared to $2.6 million for 6MoFY17; without the adjustment, income would have been $3.7 million for the quarter, up $1.1 million or 44%
Inclusive of the tax benefit, diluted earnings per share increased $0.14 to $0.29 from $0.15, the tax adjustment accounted for $0.08 of the increase in diluted earnings per share
John Kneisel, chief financial officer of Simulations Plus, said, “We saw another strong quarterly revenue growth in our core divisions in Lancaster and Buffalo coupled with the new revenues and profits from DILIsym Services acquired in the last quarter of our prior fiscal year. Even with the addition of a higher percentage of non-software sales we have seen increases in operating income margins. The Company produced a 28.9% growth in revenues and a 34.7% growth in income from operations.”
https://finance.yahoo.com/news/simulations-plus-reports-record-second-200100996.html
Why Lithium Stocks Are Plunging Amid Electric Car Boom
https://www.investopedia.com/news/why-lithium-stocks-are-plunging-amid-electric-car-boom/#ixzz58g0zxrdS
That's terrible !
How much is it down since Trump was elected ? Thanks !
McDonald's boosts tuition help for employees, credits Trump tax cut
McDonald’s Corp., announced Thursday it will increase its investment in employees' education.
( All kinds of good stuff can happen when there is less government that is taking less money out of the economy. In this example more lower wage employees are given a chance to improve their education which in turn results in a higher quality work force. Much better than taking from the achievers and then complaining that the lower income crowd isn't doing so well. It's better to have more people with a higher education level than to have more people on food stamps. )
The Oak Brook, Ill.-based fast food chain said it will triple the amount provided to its tuition-assistance program for employees. McDonald’s said it will invest $150 million to the Archways to Opportunity global education program. This new investment was "accelerated by changes in the U.S. tax law," put in place by the Trump Administration, which lowered corporate taxes, the company said in a news release.
The company also announced changes in eligibility that will benefit more employees, according to the release. McDonald's will lower the employment eligibility requirements from nine months to 90 days. Weekly shifts also will be reduced to 15 hours from the previous 20-hour minimum requirement. McDonald’s also announced plans to “extend some of those education benefits to restaurant employees' family members.”
https://www.freep.com/story/news/2018/03/30/mcdonalds-employees-tuition-program/472511002/
Stockton would be much better off if they REDUCED the taxes by $500 per month so that more money would be available for economic activity. Same 'ole story over and over again... Take from those that have and redistribute it.
Reducing taxes by $500 per month would increase economic activity so that the people they want to help can find employment or improve an existing job situation.
The horror of the thought... getting a job to pay for what you want or need !
Anything I say will be held against me...
http://www.sacbee.com/news/local/article199440204.html
Bombshell New Audit Exposes Baltimore City's Mismanagement Of Federal, State Grants
This might not surprise you at the very least, but a new financial audit of how Baltimore City manages millions of dollar in federal and state grants has found top senior officials cannot account for how those dollars were spent.
The Baltimore Sun reports city auditors have unearthed some very troubling mismanagement concerns when it comes to Baltimore’s finances: “Grant money coming into government coffers is not balancing out with what city agencies are spending.”
( I guess the liberal solution will be to ask for more money... )
Article at the link:
https://www.zerohedge.com/news/2018-03-27/bombshell-new-audit-exposes-baltimore-citys-mismanagement-federal-state-grants