S.D. Oversight Monitor: We’re on Track
Tuesday, March 6, 2007
The city has paid out more than $30 million already to consultants hired to help them get out of the legal and financial pension deficit mess. Stanley Keller is the latest. The previous consultants recommended the city hire a monitor to report back to the Federal Securities and Exchange Commission.
Keller told council that -- by pure coincidence -- his first month's legal and financial expenses are exactly what was budgeted.
Keller : It just happened to hit right on line, so I can say with confidence we're on track. So while I didn't put this in writing, my goal and hope is that -- indeed the total cost will come in below what's been budgeted.
The mayor has budgeted $4 million for the Independent Monitor over three years. Keller is overseeing the oversight systems, under the city's financial reforms. Alison St John, KPBS news.
Please stay on topic and be as concise as possible. Leaving a comment means you agree to our Community Discussion Rules. We like civilized discourse. We don't like spam, lying, profanity, harassment or personal attacks.