COMPTON, Calif. (AP) — The California state controller says a review found the city of Compton’s general fund deficit has largely been caused by overspending, deficient internal controls and a lack of City Council oversight.
The controller’s office says in a press release Thursday that at the start of the 2007-08 fiscal year, Compton had a general fund surplus of $22.4 million and three years later there was a $42.7 million deficit due to overspending of more than $16 million a year.
The report also contains criticisms ranging from elected officials’ compensation to staff turnover.
A Compton city statement says its newest leaders recognized many of the same problems and attributes them to past practices. The city says it has since made substantial progress in correcting them, in particular management of revenue and expenditures.
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