More than $70 million dollars in city funding has gone unspent for years, and in some cases more than a decade, according to a new report from the Los Angeles City Controller.
Out of more than 600 special funds, the controller's office discovered that over 200 special funds "have had no activity for at least two years." And more than 60 special funds "haven't been touched" in more than a decade.
Here's a brief overview of the report:
The controller's office recommends that roughly $50 million from those special funds should be spent on "the purposes for which the funds were collected," including $10 million for homelessness and housing.